stoictrader

Charts, 2012 – Week 18

In Charts on April 28, 2012 at 5:59 pm

A collection of weekly charts that I am looking at in advance of the 18th week of 2012.

1. GBPUSD

2. EURGBP

3. GBPAUD

4. AUDUSD

Seven more charts below including… EURJPY, EURUSD, Gold and Silver

5. EURJPY

6.  EURUSD

7. XAUUSD

8. 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, bollinger bands, moving averages and crossovers.  I post a few that seem 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.

Peter Brandt on weekly patterns:   “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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  1. […] Charts 2012 – Week 18 (Stoic Trading) […]

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