Daily trading review from Masterforex-V

[ADUNBS FX]

Dear colleagues and friends,
I represent on your forum ours Internet academy Masterforex-V (Masterforex-V : Three books about FOREX. Trade secrets from the professional trader.) and I will give you daily reviews of Forex trading. All recommendations and explanation how we make decisions about current trading are given in the real time on Masterforex-V forum (<http://forum.masterforex-v.su/index.php?showforum=60>)

Review for the 17-th of January 2007

Details of the day
a zigzag downwards is punctured, means that there is the 1-st sign of ZIFRAS on h1 at GBP and EUR

Axel
Eur/usd usd/jpy gbp/usd usd/chf
3 res 1.3019 121.50 1.9748 1.2550
2 res 1.3000 121.11 1.9722 1.2530
1 res 1.2972 120.74 1.9679 1.2500
Pivot* 1.2927 120.74 1.9626 1.2483
1 sup 1.2908 120.47 1.9592 1.2446
2 sup 1.2865 120.00 1.9555 1.2410
3sup 1.2858 119.68 1.9487 1.2398

Europe
a) downwards - a deep correction.
Conditions - at least ZIFRAS on m5
as max - puncture of the yesterdays min.

In such case (if the 1-st Axel's res withstands) one of the nearest targert will be (crossing of grids below)1.9540 =
* 162% from the 2-d wave =
* $1.9535/30 bids of average volume
* 38% 1.9260-1.9705
* 2-d Axel's sup 1.9555

EUR -
* 1.2807 = yesterday's min = zigzag downwards on h1
* $1.2865 considerable bids/Friday's min (puncture or not puncture of this level will make an impact on fall of GBP

b) puncture of the yesterday's max by GBP, EUR - ZIFRAS upwards on h4

* intermediate 1 res is $1.9670/80 - offers of average volume
* main res is the 2-d one - $1.9700/10 considerable offers/stops beyond $1.9720 = calculations of the variant A are canselled



America

The narrowest flat is at
* EUR 1.2904-40 (h1)
* AUD 0.7846-70 (38-50% D1)

* GBP - $1.9720 - stops are beyond $1.9720
* EUR 1.2950 = 162% from the second wave, that I've written above on m15

[ADUNBS FX]

Review for the 18-th of January 2007

Details of the day
Start of a corrective action on h1?
Axel
Eur/usd usd/jpy gbp/usd usd/chf
3- res 0.6606 158.20 1.6198 0.7933
2- res 0.6593 158.06 1.6175 0.7897
1- res 0.6578 157.50 1.6162 0.7887
Pivot* 0.6570 156.85 1.6147 0.7878
1-sup 0.6562 157.11 1.6124 0.7860
2-sup 0.6550 156.80 1.6100 0.7845
3-sup 0.6538 156.35 1.6060 0.7831

Europe

1. break of a flat res
2. targets of bullish trend of GBP
published at 5:36 GMT
Res mt4
1.9753 = 262% from the 1-st wave on h4 + 162% from evening recoil on m15 1.9674-1.9723
1.9779 = 162% from yesterday's recoil on h1 1.9588-1.9697
3. fulfillment of targets - 162% from yesterday's recoil on h1 1.9588-1.9697, that hasn't become the 1-st corrective wave A



America
Preparing to
* the min target 162% is done
* a wave downwards = 38% from h1 (1.9705)
* look at up movement (not puncture of the max) = wave B
* puncture of the min = ©
* news
13:30 USA - Building Permits Dec 1.513 mln. 1.510 mln.
13:30 USA - Housing Starts Dec 1.588 mln. 1.575 mln.
13:30 USA - CPI ex food & energy Dec 0.0% +0.2%
13:30 USA - Consumer Price Index Dec 0.0% +0.4%
13:30 USA - Jobless Claims week till 13 Jan -26 th. till 299 th.


Before news
Its's needed movement upwards to understand WHERE zigzag at least on m5 will be, then

a) upwards - ZIFRAS on m5 upwards = the down movement has finished = American session is upwards (look for targets, puncture or not puncture of the max on h4).
1.2915 = 76% from h1 (= 2-d wave + POWERFUL break through local max on h1 = 3-d wave on h1)

b) downwards = puncture of the min with calculation of next targets below from the last recoil on m5, puncture of support = 1.9676 - 200% = local min from the puncture of sup on m5... will add a new grid of the new zigzag)
In the best case it will be just the 1-st (A) bearish wave on h1 (А). When it's finished we'll find targets below not only on m5 but on h1 as well

at the end
there is a zigzag downwards on m5 = miniflat
* 1.9690-1.9736
* 1.2932-60

[ADUNBS FX]

Preparing for the current week 22-26 Jan 2007
Middle-term = intraweek trend

1) up - 5(?) wave on h4 with possible puncture of the previous max on D1
Look for coincidences of FIBO targets
* from the possibble 1-st wave on m15 (American session 19.01.2007 1.9695-1.9762) 162% = 1.9800
* from the last recoil on h1 162% = 1.9816 and so on.
* from the 1-st wave on h4 1.9258-1.9450
* from an impulse on m5-15 with puncture of a resistance

conditions - synchronous puncture of theirs res levels by all allies




2) down - not puncture of 1.9777
* 1 wave (A) 1.9777-1.9633
* 2 wave (B) 1.9633-? (till 1.9777)
* 3 wave © in case of a puncture, support is 1.9633



Then the bearish movement of Friday 1.9695-1.9770 = a©

3) false puncture of 1.9775 with powerful ZIFRAS = bearish middle-term
* The 1 wave (A) will be formed by powerful bearish trend after ZIFRAS downwards on small TFs


False puncture is
* puncture of a technic level without consolidation
* a turn, starting from m5 to the back direction of the previous impulse
* one of a turn figures (look the 2-d book)
* puncture of the opposite limit of ISF = change of an impulse direction of intrasession trend



Review for the 22-d of January 2007

Details of the day
Variants of movement are given above.
Axel

Forex spot: EUR/USD USD/JPY GBP/USD USD/CHF

Spot 0725 GMT 1.2976 121.41 1.9750 1.2481
3 Day Trend Bearish Bullish Bullish Bullish
Weekly Trend Capped Bullish Bullish Bullish
200 day ma 1.2793 116.36 1.8864 1.2360
3rd Resistance 1.3054 121.88 1.9847 1.2580
2nd Resistance 1.3016 121.78 1.9803 1.2550
1st Resistance 1.3000 121.60 1.9780 1.2530
Pivot* 1.2971 121.37 1.9749 1.2482
1st Support 1.2914 121.10 1.9696 1.2432
2nd Support 1.2897 120.88 1.9669 1.2418
3rd Support 1.2865 120.47 1.9625 1.2398

Europe -America
About European session: it's flat between
* sup = min of Friday's American session 1.9695
* res 1.9775 (grids crossing)
A choice of middle-term is not done yet

Look closely at those points
1 sup at EUR is 1.2914 (min of Friday's American session)
2 sup is 1.2895 (a zigzag downwards on h4)
3 sup is 1.2865 (a zigzag downwards on D1)

A puncture of res by GBP without allies

It's not recommened to play during flat.
Even there is nothing special to make charts about.
I can just call your attention to the way which Axel uses to make his levels.

Look closely.

[ADUNBS FX]

Review for the 23-d of January

Axel

Forex spot: EUR/USD USD/JPY GBP/USD USD/CHF

Spot 0725 GMT 1.2948 121.59 1.9781 1.2493
3 Day Trend Bearish Bullish Bullish Bullish
Weekly Trend Capped Bullish Bullish Bullish
200 day ma 1.2797 116.38 1.8874 1.2359
3rd Resistance 1.3016 122.02 1.9847 1.2580
2nd Resistance 1.3000 121.88 1.9822 1.2550
1st Resistance 1.2979 121.80 1.9803 1.2530
Pivot* 1.2944 121.64 1.9777 1.2499
1st Support 1.2914 121.49 1.9722 1.2471
2nd Support 1.2897 121.10 1.9696 1.2432
3rd Support 1.2865 120.88 1.9669 1.2418

Europe
GBP is going up
* puncture of res
* fulfillment of FIBO targets on different TFs

puncture of FLAT upwards - then movement from res to res (if there is no ZIFRAS on m5)

162% from the last recoil on h1 1.9820
EUR - will be trip to the next res or not


Then it was a recoil (zz m5) 1.9812-34 , a puncture upwards - new FIBO targets (200% = 1.9859)
3-d res - 1.9847
4-th res 1.9885 (262% from the recoil on h1) $1.9870/80 offers of average volume


1.FLAT before Europe
2. A grid on the recoil on H1
3. 161.8 target from this grin on H1
4. A grid on the m5 recoil(ZZ)
5. The max of the session is crossing of the grid on H1-200% and M5- 162%

America

1. variant
On the European session was reached some peak (for instance 162%) - then a recoil and flat.
This levels on m5-15, which were formed as a resalt of the recoil, are forming ISF

2. variant - as it happened today - prolongation of the trend.
Coincidence of 2 trends

1.recoil grid on H1.
2.recoil grid on m5(ZZ)
3.recoil grid on m5(ZZ)
5.Coincidence of targets + reserve of currency movement + allies gave us the area to close transactions (1.9906-1.9894)

There is another poin of exit. Some pupils used it to close their transactions.

1. exit point

[ADUNBS FX]

Review for the 23-d of January 2007

Axel
Forex spot: EUR/USD USD/JPY GBP/USD USD/CHF

Spot 0735 GMT 1.3017 120.97 1.9762 1.2422
3 Day Trend Bouncing Capped Capped Capped
Weekly Trend Capped Bullish Bullish Bullish
200 day ma 1.2800 116.40 1.8884 1.2357
3rd Resistance 1.3117 121.80 1.9847 1.2471
2nd Resistance 1.3090 121.49 1.9822 1.2450
1st Resistance 1.3058 121.10 1.9803 1.2432
Pivot* 1.3022 121.21 1.9783 1.2427
1st Support 1.3000 120.85 1.9760 1.2375
2nd Support 1.2979 120.48 1.9722 1.2340
3rd Support 1.2914 120.07 1.9696 1.2297

Europe
During the Eropean session the 1-st (A) wave was going on downwards.
Criteria -
* there were no turn upwards on m5-15 from 1.9803, 2 zigzags upwards on m15 (1.9803-30) = 23% from the previous down movement.
* puncture of sup 1.9803
* fibo targets from m15 below

1. ending of the wave А on h1 – turn upwards on m5-15
2. wave's structure of the wave B and its peak will show us future middle-term plans

1.FLAT before Europe + pull back grid on m15-m5
2.Qualifying pull back grid on m5
3.H1 zigzag
4.crossing of the grids m15-361,8% m5- 200%+ allies + reserve of movement + news awaiting

America
The whole session is ahead for fulfillment of the reserve of movement by currencies
a) down - 5-th wave at GBP
b) up - m15 turn (if the minimum is not going lower the nearest crossing of grids above is 1.9800 also) + check on small TFs

1.Pull back grid on m15. This recoil didn't break the trend of the day.
2.Puncture of the local min
3.162% target of the grid + reserve of movement
4.A grid drawn on the European impulse.

[ADUNBS FX]

Review for the 30-th of January 2007

Axel
Forex spot: GBP/USD USD/JPY USD/CHF AUD/USD

Spot 0615 GMT 1.9653 121.83 1.2513 0.7748
Weekly Trend Bullish Bearish Bearish Bearish
100 day ma 1.9220 118.32 1.2390 0.7710
3rd Resistance 1.9700 122.50 1.2591 0.7784
2nd Resistance 1.9676 122.20 1.2565 0.7777
1st Resistance 1.9663 122.10 1.2560 0.7750
Pivot* 1.9637 121.76 1.2530 0.7729
1st Support 1.9597 121.60 1.2512 0.7710
2nd Support 1.9585 121.30 1.2495 0.7698
3rd Support 1.9550 121.25 1.2478 0.7650

before Europe
The situation became more clear during the Monday
a) EUR broke a res of flat zone. GBP (1.9618 = a zigzag upwards on h1) and AUD (0.7748 = a zigzag upwards on h1) doesn't.
b) A bullish locomotive is EUR. If EUR
* breaks 1.3000 (the basis of a bearish wave on h1) = cancellation of a bearish 5-waved on h1 and start of counting waves to the back direction
* breaks 1.3047 - ZIFRAS upwards on D1 (162% 1.3150)
EUR will pull all allies with it up.

Europe
* 1.9679 - is the previous ZZ upwards on h1 + 1.9687 38% from the bearish h4
* if the bearish wave is going on – look at zigzags on small TFs - targets are from recoil on m 1-5
+ 200% from ZZ m15 1.9614-43
+ 200% from the previous recoil on m1

* GBP broke res of ISF m15 and reached 262%
* EUR left in ISF


1.FLAT before Europe
2.Grid h4
3.Start of the session
4.A grid on the recoil on m15
5.End of movement: targets + allies didn't support

Before America
a) down
* pound has min 1.9634, movement upwards and NOT puncture of the max 1.9695 + puncture of the min
* Eur is in flat
b) up
* GBP - a puncture of the max
* EUR
RES 4 $1.3060 Fibo 38.2% from 1.3365 till 1.2865
RES 3 $1.3045 max of 23 Jan
RES 2 $1.3005 Fibo 76.4% from 1.3045 till 1.2880
RES 1 $1.2980 Fibo 61.8% from 1.3045 till 1.2880


1.High of GBP
2.Local min
3.A grid on the m15 recoil

It was total flat without support of allies during American session
Gathering of MAs for spurt

[ADUNBS FX]

Review for the 31-th of January 2007

Axel
inaccessible

Befor Europe
The main currencies pointed ZZs on h4 – the main supports and resestences

a) up - 3 wave or wave C
* recoil
* puncture of the h4 max
* from the recoil ("2 wave" or B)

b) down
* NOT puncture of maxs and then downwards by the grid of zigzag on h4
* structure of movement and fibo targets for short-term will see on m15
* puncture of h4 min = a bearish wave on h4 (162% 1.9546-1.9694)

1.variant a
2.variant b

Europe

GBP - the up ZZ is LOWER than the previous one + puncture of the min = fibo targets are below

162% from h1 (1.9600-36) 1.9578
m5 grid 1.9511-34
162% from the last recoil = 1.9510 = 62% of the bullish wave on D1 1.9261-1.9916

1.Flat
2.Grid h1
3.Grid D1
4.Exit from transaction + coincidence of levels + reserve of movement
5.Optimal exit as allies didn't support



America
GBP 1.9481 (162% from the flat recoil)

significanse of the m 15wave 1.2928-61
a) further upwards in case of puncture of 1.2961 = m15 1.2928-61
2 wave, 3-d wave up ( we can see 5-waved structure in the 1-st wave of EUR 1.2925-61)
b) further downwards in case of puncture of 1.2925 = 1 wave, it's going the 2-d wave now (if doesn't puncture 1.2961), 3-d wave downwards in case of puncture of 1.2925(28)


while EUR doesn't puncture ZZ downwards on m15 1.2925 there is a possibility of a turn (condition is puncture of 1.2961)

flat D1 1.2865-1.3047

a) upwards - 162% 1.3150 and above
b) downwards - up movement on h4 = waves a-b-c
then puncture of supports 1.2925 and 1.2865

RES 4: $1,9730 daily max of 25 Jan
RES 3: $1,9695 daily max of 30 Jan
RES 2: $1,9635 hour max
RES 1: $1,9600 daily min of 30 Jan
current rate: $1.9535
SUP 1: $1,9530 55-daily MA
SUP 2: $1,9475 level of sup from 16 Oct
SUP 3: $1,9419 76,4% recoil from $1,9917-$1,9265
SUP 4: $1,9320 daily min of 10, 11 Jan


1.Grid on the recoil on m15
2.Exit from transaction + opening of the fan of MAs

2 day flat has finished
A signal gave allies + opening of the fan

[ADUNBS FX]

Review for the 2-d of February 2007

Axel
Eur/usd usd/jpy gbp/usd usd/chf
200-day MA 1.2820 116.59 1.8945 1.2350
3- res 1.3090 121.47 1.9755 1.2549
2- res 1.3058 121.11 1.9739 1.2510
1- res 1.3045 120.92 1.9700 1.2477
Pivot* 1.3020 120.77 1.9669 1.2442
1-sup 1.3000 120.65 1.9623 1.2423
2-sup 1.2982 120.19 1.9591 1.2391
3-sup 1.2944 120.00 1.9555 1.2375

before Europe
The main event of the Friday is
13:30 USA - Non-farm Payrolls Jan +167 thous +160 thous.

Variant A.
a) Up – D1: turn of EUR upwards (a puncture of the previous zigzag 1.3043 upwards) + 3-d up wave at GBP on D1
condition -
* puncture 1.3050 (162% of Zigzag on D1)
* GBP - 1.9750 = grid's 62% on D1

Altogether, the main res is $1.3050, significant offers are before it
Variant B
b) downwards -
* $1.3050 is NOT punctured
* Turn downwards - then we'll identificate this down movement by the amount of waves, at GBP it' the 2-d wave (if the impulse 1.9481-1.9738 is the 1-st wave on h1-4)

America
1.9750 is the main resistence
* puncture - trend is going up
* turn - puncture of the starting point

Turn
* the starting points on m5 are 1.9680 and 1.3015
* CHF is between 1.2430 and 1.2376


1.Start of the American session
2.Grid D1.
3. News candle (Non-farm Payrolls).
4.Support of the news flat (sell)
5.a grid on a recoil inside the news flat with puncture (risky sell).
6.Supposed exit.
7.Obvious exit + allies + targets of small TFs



1.European session with amplitude 10 p!!!
2.News candle (Non-farm Payrolls)
3.a grid on a recoil inside the news flat.
4.support in the news flat (sell)
5.Supposed exit from transaction.
6.Obvious exit from transaction: 233 MA (h1)+ allies + targets of small TF (m1)

[ADUNBS FX]

Forecast for the week 05 Feb – 09 Feb 2007
Variant A
Down
* it was divergention on the previous bullish wave on h1 at GBP and EUR
* puncture of h1 zigzag downwards
* not puncture of the max 1.9747 during pull back upwards - fulfillment of fibo targets as elements of finished movement
* puncture of the min
* from the point of view on D1 (keep in mind both variants) this down movement can be
Variant B
Up
* not puncture of the min (1.9634) + puncture of the max (1.9747) = Hound of the Baskervilles and a new wave of bullish trend on bigger TFs
* criterion - NOT puncture by EUR its sup 1.2925 on H4 - otherwise, after 3-waved movement upwards on h4 will be break of the start of the previous bullish wave on h4

Blue arrows are for the variant A.
Green arrows are for the variant B.

[ADUNBS FX]

Review for the 6 February 2007

Axel
Eur/usd usd/jpy gbp/usd usd/chf
200-day MA 1.2823 116.66 1.8959 1.2351
3- res 1.3000 121.20 1.9700 1.2573
2- res 1.2982 120.92 1.9668 1.2549
1- res 1.2951 120.64 1.9623 1.2512
Pivot* 1.2927 120.29 1.9606 1.2489
1- sup 1.2913 120.00 1.9549 1.2460
2- sup 1.2877 119.68 1.9514 1.2423
3- sup 1.2850 119.50 1.9483 1.2391

Before Europe
prospects

from the point of view of h4-d1 this is down movement
UNTIL 1.2859 and 1.9481 = 2-d wave , then 3-d "long" wave on h4 inside 3-d on D1 at GBP
PUNCTURE of the minimum 1.2859 = 5-th (?)- down wave on D1 at EUR

a) further downwards
* look at a recoil upwards + puncture of the min = fibo targets are below from the recoil

1.9535 – local min of the american session
1.9507 - crossing of grids from a zigzag on h1 and a recoil
1.9481 - min on h4 + 423% from the recoil on h1

b) up –
* GBP - a turn on h1 (with a puncture of 1.9667) = 1-st wave - Calculate up fibo targets by it
* EUR - a puncture of h1=1.2965 upwards
* the main condition is that this down movement = 2-d wave and then powerful up movement with puncture of Friday's maximums
* analysts will remember straight away that USA - Non-farm Payrolls were worse.
I agree - for CHANGE of an impulse must be powerful bullish 5-waved movement of all allies (there are just indirect symptoms about POSSIBILITY of a turn and identification of this down movement as a 2-d wave)


Europe.


1. in the morning a down zigzag on h1 is HIGHER than the previous one at GBP = flat
2. a puncture of the resistence of BSF
3. wave structure of the up movement on m5
a) futher upwards - fibo targets upwards from"1-2 waves" ( + break 1.2935 by EUR- zigzag on m30)
b) puncture of the min of BSF
4. a recoil on m5 + puncture of the max = 3-d wave + fibo targets are above
5. possible finish of the session trend
there is 5-waved movement on m5
crossing of grids 1.9695 and 1.2950 (162% from h1 1.2912-36)
6. specification of the possible end - then there is coincidence of GBP grids not with 162%, but with 200% fibo targets at EUR.