FOREX 1 AUD,EURO,YEN, GBP part 5

16:35 AUD, EURO, YEN

Wednesday is ending up like Tuesday last week, nice rotations during Asian trading hours.

AUD:- no trades

Euro:- long 1.4085 partial exit 1.4115 + 30 exit 1.4136 + 51

YEN:- Short @ 106.09 Looking for double R41 with partial exits

GBP 3-day pattern and spiral

I don't trade GBP that often and I forgot about looking at it earlier as there was a double R41 range today.

Long 1.7795 partial exit 1.7825 exit 1.7846 + 51

Probably a good idea to hold it all the way into the 5-day 50% level, except for the breakout from Tuesday's lows which might cap the market.

No more trades today except to manage YEN

FOREX 1st Oct AUD,EURO,YEN part 4

14:35AUD, EURO, YEN

AUD:- moving up, as it rotates back towards the 5-day 50% level, but I would still like to see a pattern similar to what occurred in the Euro.

Euro:- 11am top and reversal back down into the brown filter, and now heading higher.

I wasn't around to take another long, but if I was I would have went long on the brown.

It's a bit hard to go long now on the top of a pink filter..

YEN:- no trades at this stage

FOREX 1st Oct AUD,EURO,YEN part 3

10:53 AUD, EURO, YEN

AUD:- covered shorts @ 7957 - 11

EURO:- covered longs @ 1.4136 + 52

YWN:- no trades

FOREX 1st Oct AUD,EURO,YEN part 2

9:40 AUd,EURO, YEN

AUD:- short 7946 (stops 7960)

Probably not a good short as expecting a reversal back into the 5-day 50% level:- target 1x41

Euro:- long off brown filter @ 1.4084 partial exit 1.4119 + 35

Holding for a double R41. (breakeven entry stop)

Expectation spreads are rotating upwards into the 5-day 50% level as per mornning reports.

Note:- ideal patterns would be to see a swing back into the pink filters some time today and then continue higher:- pink to pink

YEN:- no positions

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

AUD/USD Daily 1st October 2008

AUD Daily and 3-day pattern 8:00 am

First day of the month and Quarter and AUD trading will continue down into October lows.

I would have liked to have seen the AUD move up on Tuesday into the 5-day 50% level and then continue down.

Wednesday:- Trading around the Weekly and Tuesday lows, and normally price could continue down as it follows the Monthly trend down into October lows, but if price is trading above the brown filter on Wednesday then the bias is to move higher:- 5-day 50%.

Higher is simply the expectation of swinging back into the 5-day 50% level & 3-day filter.

3-day filter random resistance:- ie Sell higher daily open the next day (Thursday)

But at this stage during Asian trading hours the bias looks to be moving up using the brown filter as support.

Note:- the overall expectation is the price is moving into the October lows, but it can still do it in two ways...

1. continue down this and next week into October lows:- 3-day filter rejection on Thursday.

2. reverse up into October 50% level and then continue down later.

Therefore a move back into the 5-day 50% level on Wednesday could be part of a swing back into the October 50% level later this week, if Price doesn't get rejected down far enough.

It's trading around the Weekly lows, therefore a swing upwards before it continues down later is still a possibility.

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

EUR/USD Daily 1st October 2008

Euro Daily and 3-day pattern

First day of the month and Quarter and the Euro will continue down into October lows.


On Tuesday I would have liked to have seen Euro move up on into the 5-day 50% level and then continue down.

Wednesday:- Breakout of Tuesday lows and normally price will continue down, but if price is trading above the brown filter on Wednesday the bias is to move higher.

Higher could be simply remaining below Tuesday's lows and then continuing down:- 5-day 50% level resistance.

Note:- the expectation is the price is moving into the October lows, but it can still do it in two ways...

1. continue down this and next week into October lows

2. reverse up into October 50% level and then continue down later.

Therefore a move back into the 5-day 50% level could be part of a swinng back into the October 50% level later this week if Price doesn't get rejected down far enough, but moves into a consolidating pattern around the Weekly lows.

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

GBP/USD Daily 1st October 2008

GBP Daily and 3-day pattern

GBP heading down into September lows, and probably will continue down into October lows.

I would have liked to have seen GBP move up on Tuesday into the 5-day 50% level and then continue down.

Wednesday:- Breakout of Tuesday lows and normally price will continue down, but if price is trading above the brown filter on Wednesday the bias is to move higher.

Higher could be simply remaining below Tuesday's lows and then continuing down, or actually completing the move back into the 5-day 50% level.

Note:- the expectation is the price is moving into the October lows, but it can still do it in two ways...

1. continue down this and next week.

2. reverse up into October 50% level and then continue down later.

Therefore a move back into the 5-day 50% level could be part of a swinbg back into the October 50% level later this week.

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

FOREX 30th September part 4

FOREX CHF,EURO, YEN 19:05

EUR/CHF:- long 1.5762 exit 1.5793 + 31

First trade on EUR/CHF.

Euro:- I wanted Euro to move down into a double R41 and then form a rejection pattern, but it hasn't, so I haven't added shorts on the R41 top.

YEN:- Short 104.80 stop 104.95 - 15

No more trades for me today.

nexT forex reports tomorrow

FOREX AUD, EURO, YEN 30th Sept part 3

18:00 AUD,EURO, YEN

EURO short 1.4415 exit all 1.4386 + 29

Should hold as it's moving down from Monday's break and probably heading down into Tuesday's lows.

Ideal add short would be a R41 reversal upwards and reject down from the filter..

No trades on AUD, YEN

FOREX AUD, EURO, YEN 30th Sept part 2

FOREX 15:10 AUD, EURO, YEN

no trades on either AUD and Euro...

YEN:- short 103.91 (stopped 104.07) - 16)

As per morning reports, prices look to be rotating back into the 5-day 50% levels, but at this stage no robust patterns to trade longs

AUD/USD Daily 30th September 2008

AUD Weekly and 5-day pattern 9:30am

On the Weekly timeframe the expectation is that price is continuing
down into October lows.

Now for the rest of this month and next month, it's about trading down
into October lows, using robust patterns within the 5-day range.

Then it's about filtering the entries using spiral techniques, the 5-day 50% level, and/or the 3-day filter.

Tuesday:- expectation price is rotating back into the 5-day 50% level on Tuesday and continuing down into Tuesday's lows.

Breakout of Monday's lows and expectation price is moving lower:- ideally a test of the 5-day 50% level and reject down.

If price continues down into Tuesday's lows without testing the 5-day 50% level, then the view from Wednesday would be to see if price will swings upwards to re-test the Monday low breakout and 3-day filter

Note:- last day of the month and Quarter, but the Weekly timeframe on Friday's close verifies the levels

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

EUR/USD Daily 30th September 2008

Euro Weekly and 5-day pattern

On the Weekly timeframe the expectation is that price is continuing
down into October lows.

In the short-term, as per yesterday's report:- short covering during
US trading hours sending the Euro back into the 5-day 50% level:-
rejection pattern within the monthly trend.

Now for the rest of this month and next month, it's about trading down
into October lows, using robust patterns within the 5-day range.

Then it's about filtering the entries using spiral techniques or the 5-day 50% level and the 3-day filter.

As you can see a lot can happen in 24hours, but not always they way
we want it to happen during our own timezone.

Tuesday:- expectation price is rotating back into the 5-day 50% level on Tuesday and continuing down into Tuesday's lows.

Breakout of Monday's lows and expectation price is moving lower.....

Note:- last day of the month and Quarter, but the Weekly timeframe on Friday's close verifies the levels

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

GBP/USD Daily 30th Sept 2008

GBP Weekly and 5-day pattern

GBP heading down into the October lows.....

But on Tuesday it's all about moving back into re-testing the Monday breakout and the 5-day 50% level and continuing down into Tuesday's lows.

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

Daily forex reports will be updated after 11am-12pm Sydney EST time.

Sorry for the inconvenience.

Forex 29th Sept AUD, EURO, JPY part 6

16:00 AUD, EURO, YEN

Euro:- moves down into Monday's lows @ 1.4438.

Long 1.4440 partial exit 1.4470 + 30

If it can hook back above 1.4473 price can continue back towards the brown filter @ 1.4558... or pink to pink.

price can also reverse back down and take out Monday's lows.

Trailing stop 1.4436 (-4)

Holding pink to pink.

Last forex trade today

Forex 29th Sept AUD, EURO, JPY part 5

15:10 AUD, EURO, YEN

AUD:- no trades today.

EURO:- pink to pink move and expectation price is heading down into Monday's lows.

Long :- 1.4472 (stops 1.4454)

It's a high risk trade as the best trade would be to trading down into Monday's lows, but there is also an expectation that price could swing upwards.


YEN:- Continuing down and I should have held for a double R41 range:- 5-day 50% level random support.

~~~~~~~~~~~~~~~~~

15:27 Euro stopped 1.4454 - 18

Forex 29th Sept AUD, EURO, JPY part 4

13:30 AUD, EURO, YEN

AUD:- No trades but looks supported above the filters and brown filter at this stage, with the view of moving into the 5-day 50% level.

Euro:- on sidelines

YEN:- covered short 1x41 range @ 106.57 + 28.

Next trade on YEN would be a re-test of the pink filter and look for another R41 down move, as price looks to be rotating back into the 5-day 50% level @ 106.20 (random support)

Forex 29th Sept AUD, EURO, JPY part 3

10:55 EURO

Exit double R41 @ 1.4487 + 65

Expectation Euro is moving down into Monday's lows.

Price can continue down into a pink to pink filter, but ideally I would like to see Euro move back into the brown filter and then trade once again the down move into Monday's lows.

If price continues down into Monday's lows, then no other probability pattern for the rest of Monday:- Random support

~~~~~~~~~~~~~

no trdes on AUD..

YEN:- short 106.85

Forex 29th Sept AUD, EURO, JPY part 2

10:12 AUD, EURO, YEN

No trades on AUD or YEN.

EURO short:- 1.4552 partial exit 1.4525 + 27

Holding for a double:- trading below Sunday's lows so the expectation is to continue lower

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

AUD/USD Daily 29th September 2008

AUD Daily

AUD currently trading above the Weekly 50%:- If price is trading below the Weekly 50% level on Monday, then it's heading down into Monday's lows, cofirmed with price pushing down from the brown filter

There is always and expectation that a lower Monday open will try and swing back into the 5-day 50% level and then decide which direction Monday will go.

no probability pattern on Monday other than trading on the side of the brown filter and Weekly 50%.

3-day filter random resistance

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

EUR/USD Daily 29th September 2008

Euro Daily 9:00 am

Euro currently trading around Sunday's lows:- If price is trading below Sunday's lows on Monday, then it's heading down into Monday's lows.

There is always and expectation that a lower Monday open will try and swing back into the 5-day 50% level and then decide which direction Monday will go.

no probability pattern on Monday other than trading on the side of the brown filter and Sunday's lows.

3-day filter resistance

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

GBP/USD Daily 29th Sept 2008

GBP Daily:- 9:00

Currently supported around Sunday's lows.

If price is trading below Sunday's lows on Monday, then it's heading down into Monday's lows.

There is always and expectation that lower Monday's will try and swing back into the 5-day 50% level and then decide which direction Monday will go.

no probability pattern on Monday

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

AUD/USD Weekly 27th September 2008

AUD Weekly and Daily charts

Expectation of another 5-day sideways pattern, and then look for a move down from the October 50% level down into the lows once again, once the new month begins from the start of the following week.


Last Week:- 7 trades

3 winners 138 pips

4 losses -60 pips

Most of the trading occurred on Tuesday, whereas the rest of the week most of the robust patterns were occurring during GMT and US trading hours, but really lacked much volatility because of the 5-day sideways pattern.

~~~~~~~~~~~~~~~~~~

YEN:- 6 trades

4 winners :- 101 pips

2 losses:- 32

Most of the money was made on Tuesday's trading, as it was the only day that really provided the spiral patterns during the Asian timezone.

Monday's report after 11am

EUR/USD Weekly 27th September 2008

EURO Weekly and daily

Expectation of another 5-day sideways pattern, and then look for a move down from the October 50% level down into the lows once again, once the new month begins from the start of the following week.

Last week:- 10 trades

8 winners + 280 pips

2 losses -29 pips

Most of the trading occured on Tuesday, whereas the rest of the week most of the robust patterns were occuring during GMT and US trading hours.

GBP/USD Weekly 27th Sept 2008

GBP Weekly and Daily

Expectation of another 5-day sideways pattern, and then look for a move down from the October 50% level down into the lows once again, once the new month begins from the start of the following week.

No trades on GBP last week.


Monday's report after 11am

Forex 26th September 2008 part 2

15:30 AUD ,EURO, YEN

AUD:- no trades

EURO:- 11am short 1.4671 exit all 1.4639 + 32

Price is also trading below the 5-day 50% level and I would normally hold for a double R41 range, but because of the brown filter in both charts, it's an exit.

YEN:- 11am long stopped -16

Probably won't trade again today.

I’ll be introducing CHF (Swiss) to the trading set-ups.

This is based on trading the spreads against the USD:- AUD,EURO, GBP

And trading the USD against YEN, CHF.

Also EURO/CHF

This in theory is based on the spreads moving in opposite direction of each other, if the Euro is rising then in theory YEN and CHF should be falling,

But as often seen, 1 spread might provide an ideal set-up where as the other might not. Therefore in an trading day that the YEN isn’t lining up, CHF might provide an opportunity on this occasion. Just like the Euro providing a much more robust set-up than the AUD

There won’t be any analysis, just the same spiral filters used within the 3-day pattern and 5-day 50% level.

Basically what my view is in the daily reports:- the YEN and CHF should be opposite and most trades taken opposite of the others.


Daily Reports below....

FOREx EUR/USD 26th September 2008

Euro Daily

Tight 3-day pattern trading above the 5-day 50%, and Friday is all about trying to determine which direction the Weekly close will occur:- UP or DOWN.

There is still an expectation that price could come down into the Weekly 50% level, with September 50% level playing out resistance this week.

Yesterday moved higher and reversed down into the 5-day 50% level.

Once again most of the price action was occuring outside my time zone, with a couple of patterns during GMT and US hours providing the 'money'.

Today:- is simply about the 5-day 50% level.

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

Forex AUD/USD 26th September 2008

AUD Daily and 3-day pattern

Tight Weekly pattern trading above the Weekly 50% and September lows, and Friday is all about trying to determine which direction the Weekly close will occur:- UP or DOWN.

NO probability on direction on Friday:- price can continue to move down towards Friday's lows, there is a shift in the 5-day 50% level which now matches the 3-day filter.

At the same time:- friday can continue higher and push up from the 3-day filter and continue towards Friday's highs and more based on price moving up towards September 50% level.

Besides Tuesday, the past two days during my timezone hasn't provided any set-up, and at this stage it's a bit early to tell what set-up is going to play out on Friday.

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

FOREX GBP/USD 26th September 2008

GBP Daily and 3-day pattern

GBP moved up into the 3-day highs on Thursday and reversing down towards the 3-day lows.

5-day 50% level is the trend guide, and along with the brown filter.

No probability on direction:- price can continue to move down towards Friday's lows, which match the Weekly 50% level as part of my view of price moving back down into the Weekly 50% levels.

Above the brown filter and 5-day 50% level and a move back towards the 3-day filter is a possibility, but more likely from a new 'lower' Weekly open than this Friday.

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

Forex 25th Sept AUD, EURO, JPY part 5

14:55 EURO and AUD 3-day pattern

Previous 11am trades were based on a push down towards the 5-day 50% level using the filters, but instead both spreads continued higher.

At this stage there isn't any 3pm trade, even though I think that the Euro will dip back into the brown filter to confirm support...

AUD a bit early to tell whether the 3-day filter will be a 'fake break', or ends up being support and continues higher after 3pm.



AUD,EURO, YEN

AUD: no set-up

Euro:- looks to be pushing down. I haven't re-entered.

YEN:- nothing going on atm

Forex 25th Sept AUD, EURO, JPY part 4

11:58 AUD, EURO, YEN

Patterns I was looking for on AUD and Euro was a move down from 11am and brown filters towards the 5-day 50% level, but they are pushing higher instead.

AUD stopped 8380 -17

EURO stopped 1.4725 -12

Next look at forex will be around 3pm

Forex 25th Sept AUD, EURO, JPY part 3

11:25 forex AUD, EURO, YEN

AUD short 8363 (stops 8380)

Euro looking to short brown filter:- 1.4713

YEN:- completes the R41 range moving down into the brown

Forex 25th Sept AUD, EURO, JPY part 2

10:50 AUD, Euro, YEN

AUD:- no trades but would like to see a R41 spiral top and reverse down from 11am

YEN:- Short 106.22 exit 105.99 + 23

Trading above the 5-day 50% level 105.92, so the entire 41 might not complete...exit

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

FOREX AUD/USD 25th Sept 2008

AUD Daily and 3-day pattern

Expectation that the AUD was reversing back down into the 5-day 50% level, and will continue down into the 5-day 50% level on Thursday.

Yesterday I was trying to short around the brown filter, but price continued higher into 11pm and reversed down from the 3-day filter.

Today:- expectation price is continuing down into the 5-day 50% level.

Thursday's 5-day 50% level is random support, which could attract some buying, but I would think it's going to be short lived and could continue down into Thursday's 3-day lows.

3-day filter once again resistance

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

FOREX EURO/USD 25th Sept 08

Expectation that the Euro was reversing back down into the 5-day 50% level, and will continue down into the 5-day 50% level on Thursday.

After being attracted to the brown filter early on Wednesday, price then reversed down from 11pm highs and continued down.

Thursday:- Because early this week the EURO hadn't tested the Weekly 50% level, there is an expectation that price can be pushing down into this level this week.

Thursday's 5-day 50% level is random support, which could attract some buying, but I would think it's going to be short lived and could continue down into Thursday's 3-day lows.

Yesterday I was trading spiral swings, but as you can see the price action wasn't aligned until around 11pm with a spiral filter, which matched price being attracted to the brown filter, providing a high probability trade down for the next 4 hours.

Thursday:- 5-day 50% level is the trend guide, and keep an eye on 4 hour patterns and spiral filters

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

FOREX GBP/USD 25th Sept 2008

GBP Daily and 3-day pattern

looking for a pullback into the 5-day 50% level, which could go as far as Thursday's lows.

Because early this week GBP hadn't tested the Weekly 50% level, there is an expectation that price can be pushing down into this level.

Thursday's 5-day 50% level random support, which could attract some buying, but I would think it's going to be short lived and contiue down into Thursday's 3-day lows.

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

Forex 24th Sept AUD, EURO, JPY part 6

18:45 AUD EURO.YEN

no trades on AUD or Euro, as it's choppy either side of the spiral filters, but AUD heading up into the 3-day filter.

YEN:- first trade today, with sprial filter and match 3-day high filter

Short 106.23 exit 105.95 + 28

Certainly not like yesterday, basically a breakeven day.

Next forex report tomorrow

Forex 24th Sept AUD, EURO, JPY part 5

Forex 16:42 AUD, EURO,YEN.

AUD stopped @ 8371 - 16

Euro:- short 14680 stopped 1.4697 -17

no friends in my timezone today.

Forex 24th Sept AUD, EURO, JPY part 4

16:00 AUD,EURO,YEN.

AUD:- short 8355 (stop 8373)

Expectation of the same pattern as Euro with a continuaton down into the 5-day 50% level, but at this stage the 3pm top isn't following through.

No other trades on forex

Forex 24th Sept AUD, EURO, JPY part 3

Forex 11:45

Euro:- 11am low and spiral filter.

Long 1.4668 exit all 1.4695 +27 pips

I should have held for a double r41 range, as it's moving away from both filters, but i've got a feeling that the forex spreads during Asian trading hours are going to be choppy, and certainly not like yesterday.

no other trades.

Forex 24th Sept AUD, EURO, JPY part 2

FOREX 10:12 AUD,EURO, YEN.

looking for my first trade today on

AUD :- long 8358 stopped 8343 -15

rising up from the 4 hour lows and using a spiral filter I was looking for a continuation up into 11am.

no other trades..

I'll wait until 11am and then use open trading set-ups after the first 41 pip completion in the new day.

FOREX AUD/USD 24th September 2008

AUD Daily and 3-day pattern

Tuesday's expectation was a pullback into the 5-day 50% level.

looking at the daily chart price looks supported and could continue higher, as it swings back into the September 50% level.

The most robust pattern would be the 5-day 50% level, which matches Wednesday's 3-day lows.

Wednesday's 3-day lows:- support

During Asian trading hours my view is for price to remain range bound below the 3-day filter, and any breakout on the upside would probably occur during US trading hours.

There is no probability pattern on Wednesday other than use the daily levels along with the spiral filters.

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

FOREX Eur/USD 24th September 2008

Euro Daily

Yesterday's expectation was for the Euro to pullback into the 3-day filter...

Wednesday is a hard call... the brown filter is the trend guide once again, and any upside this week should be supported around the 5-day 50% level, which matches last friday's breakout.

But it won't surprise me to see a pullback into Wednesday's 3-day lows either:- pullback into Weekly 50% level.

As we can see on Tuesday, the same spiral patterns on the downside played out as price rotated back down into the 3-day filter during US trading hours.

And the same will occur on Wednesday:- trade on the side of the spiral filters and keep in mind the 5-day 50% level..

No probability on direction

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

FOREX GBP/USD 24th Sept 2008

GBP Daily

3-day filter support on Tuesday, but there is an expectation that price should rotate back down into the 5-day 50% level.

Wednesday's 5-day 50% level random support, because I have a feeling that price could actually move back into Wednesday's 3-day lows.

• All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT