Charts, 2012 – Week 11

In Charts on March 11, 2012 at 3:14 pm

A collection of weekly charts that I am looking at in advance of the 11th week of 2012.

1a.GBPUSD (weekly)

1b. GBPUSD (daily)




Three more charts below the fold including EURCHF, NZDUSD, and Silver XAGUSD



7.Silver XAGUSD

– – –

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, or SMA50-200 crossovers.  Some charts I post will be OHLC and others will be candle/bollinger or MAs, whichever seems most 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.

A favourite quote about weekly patterns from 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. […] Charts, 2012 – Week 11 (Stoic Trading) […]

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