stoictrader

Charts, 2012 – Week 12

In Charts on March 18, 2012 at 2:16 pm

A collection of weekly charts that I am looking at in advance of the 12th week of 2012.

1. GBPUSD

2. EURUSD

3. EURGBP (1)

EURGBP (2)

4. AUDCAD

More charts below including: Silver, USDJPY, EURCHF, NZDUSD, EURJPY, and GBPCAD

5. XAGUSD Silver

6. USDJPY

7. EURJPY

8. EURCHF

9. NZDUSD

10. GBPCAD

– – –

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, bollinger bands (2 std dev), moving averages and 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.”

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