stoictrader

Charts, 2012 – Week 9

In Charts on February 26, 2012 at 2:29 pm

A collection of weekly charts that I am looking at in advance of the 9th week of 2012.

Peter Brandt:   “Chart patterns in the 12 to 16 week zone are quite reliable, while patterns of lesser duration tend to fail much more frequently.”

1. GBPUSD

(a)

(b)

2. EURUSD

3. EUR JPY

4. EURCHF

Five more charts under the fold including USDJPY, AUDCAD, USDCAD, Silver XAGUSD and Gold XAUUSD (click chart title)

5. USDJPY

(a)

(b)

6. AUDCAD

7. USDCAD

8. Silver XAGUSD

(a)

(b)

9. Gold XAUUSD

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A word about the charts: On Sundays I tend to look at weekly OHLC bar charts and watch for three things: classic chart patterns, support/resistance, and channels.  If nothing jumps out at me, I look at weekly candle charts with bollinger bands (2 std dev) and/or moving average convergence for EMAs of 10-200 bars.  Some charts I post will be OHLC and some will be candle/bollinger or EMAs, whichever seems more relevant to me. I don’t necessarily trade based on weeklies, but the help me understand context.  I am always amazed how insignificant 300 pip moves look on a weekly chart.

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