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EUR/CAD - Bearish within fan lines !


  • Charts: 4Hours, 1 Day.
  • Indicators: Fibonacci Fan Lines,Fibonacci Retracements.
  • Prepared with : JForex 4.
  • Current Level : 1.4455
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Texas Hold 'Em Poker Tournaments And Value Investing

Poker and investing are both about decisions amidst risk and uncertainty, played out in real time. The core of both poker and investing is the maximization of average profit based upon probability. In both activities, intuition is a dangerous guide. Quantitative reasoning, instead, is key to exploiting counter-parties. Both rely on the branch of economics known as utility theory. Utility theorists quantify preference orders such that a utility maximizer can determine how to make rational decisio…
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AUD/USD ready to continue Rise after down move.

From now the AUD/USD will be building up momentum for the news of thursday, the Employment Change will be much better than expected. This will support the technical move upwards with great momentum.In the big monthly scale this is seen with the trendline following the market upwards.As it is streep, I expect this to easily hold for continuation movement up.As price previously ranged in between roughly 0.885 and 0.96 it will also do now.So this month will be up towards point 1. and then down agai…
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nuonrg avatar
nuonrg 11 Sep.

Another 26 pips today out of this pair. My entry was 15 pips shy of perfectness ;] good we don't strive for that. Just profit is enough.

ilonalt avatar
ilonalt 11 Sep.

I think, AUD will go up

nuonrg avatar
nuonrg 11 Sep.

Did you look at the current chart for that?

nuonrg avatar
nuonrg 13 Sep.

My update on the $AUDUSD for you. Main point is it broke 0.92350 clearly this week. Now it is retesting this level for Support. 0.92 is important to hold. If it holds it tests 50 / 61 retracement. It then goes for first target of 0.95. Notice that 0.94 will be a hurdle to take here. So great for taking profit or adding to position on the right signal. Break and retest. If it doesnt hold and breaks down it will drop back to the green circle target Nr 2. Good luck trading next week.

nuonrg avatar
nuonrg 22 Sep.

AUDUSD
Two scenario's can playout. First:
0.93 will have to hold as support, but it seems like a false breakout to me.
Retracement towards 0.917 seems likely.
But then I see a powerfull trendline move happen up again towards 0.96.
Building up an inverted Head and Shoulders pattern.
Second is that it won't pullback and just continue up to my first target at 0.96.
I am looking for price action.

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Thinkings / Pensamientos / Pensees

- Do not try to become a successful man. Try to become a valuable one. Albert Einstein.- N'essayez pas de devenir un homme qui a du succès. Essayez de devenir un homme qui a de la valeur. Albert Einstein.- No trates de ser un hombre exitoso. Trate de ser un alguien que tiene valor. Albert Einstein.
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