Monday, November 14, 2011

11/14 Forex

Notes on this morning’s forex...

On the daily charts...

EUR/NZD has drawn sharply back after breaking above its 20-day high.

GBP/AUD broke below its uptrending channel.

AUD/CZK broke above a sideways channel, converting to an uptrending channel that began Sept. 29.

Added to the Uptrending list: DKK/HUF, CZK/HUF, DKK/CZK, EUR/HUF, GBP/SGD, PLN/CZK, PLN/HUF, TRY/JPY.

Channels of interest:


  • DKK/HUF from July 7.
  • CZK/HUF from Aug. 17.
  • EUR/CZK from Aug. 29.
  • DKK/CZK from Aug. 31.
  • EUR/HUF from Sept. 1.
  • GBP/SGD from Sept. 7.
  • PLN/CZK from Sept. 22.
  • PLN/HUF from Sept. 23.
  • CAD/PLN, NZD/HUF, TRY/JPY from Oct. 4.
  • AUD/CZK, GBP/AUD, GBP/CZK, USD/HKD from Oct. 28.
  • EUR/AUD, USD/SGD from Oct. 31.


  • EUR/USD from Oct. 27.
  • AUD/CAD, AUD/HKD, AUD/THB, NZD/THB, NZD/USD, from Oct. 28.
  • GBP/THB, NZD/JPY from Oct. 31
  • AUD/PLN, AUD/ZAR, GBP/ZAR, HKD/JPY from Nov. 1.

What I Track

For the daily charts, I track approximately 120 currency pairs.

Channels of interest: By "of interest", I mean a relatively new trend that has room to move before meeting major resistance, especially if it’s a decisive bounce off of a 20-day high or low. Plus, it has to look right to me. This is not science. Also, channels of interest aren’t necessarily positions I would play without some sort of corroborating momentum evidence.

About my trading methods

Read a detailed explanation of my analysis method, including trading rules.


Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

The trader’s greatest sin is inaction. Sleeper, awake! Seize the Nietzchean moment. Roll out of bed and trade.

No comments:

Post a Comment