My Technical Analysis is based mainly on:

 

- Dialy Pivot Points, Supports and Resistences,

- Weekly Pivot Points, Supports and Resistences,

- Monthly Pivot Points, Supports and Resistences,

- Fibonacci Retracements,

- Trendlines,

- Channels,

- Crosses between Simple Moving Averages on 4H, 1H, and daily charts( 30,50,100 and 200 SMA) - for trading signals,

- candlestick formations - trading signals,

- crosses between 5 and 13 Exponential Moving Averages on 1H, 4H and daily charts - trading signals.

- I also use indicators like RSI and Volume, just for confirmation of the trading signals.

 

This is just a Step that you have to take to discipline yourself as a trader, have a trading plan and Make a successful trade.

 

Read My >>>12 Solutions to Emotional Trading Problem, 12 Steps to Make a Trade<<<

 

To Your success,

 

Doctortyby

>> 5) Eur/Usd - 4 hours Chart - (17.05.2012 Update)>> Bearish

Probability Key Levels:

 

>>1.285 - 1.282 area -Weekly S1 Pivot and the Monthly S2 Pivot. (1st Level Key Level),

 

>>1.276 - Weekly S2 Pivot Point,

 

>>1.291 - the close from Friday and the continuation Gap from Monday opening,

 

>>1.295 - weekly Main Pivot and the Resistence from 6th of May, (1st

Level Key Level),

 

>>1.300 - 1.303 area -hystorical level and resistence from 16th of April, Monthly S1 Pivot, Weekly R1 Pivot, (2nd Level Key Level),

 

>>1.308 - the close for the Breakout Continuation Gap, future

confluence with the 100 SMA

 

>> 5) Eur/Usd - 4 hours Chart - (17.05.2012 Update)>> Bearish

Probability Key Levels:

 

>> Sideways Movement between>>1.276 - Weekly S2 Pivot Point

(Resistence),

 

>>1.262 - 1.264 area- Important Demand area confluence between the Support from 15th of January, the Monthly S3 Pivot and the Weekly S3 Pivot Point.(2nd Level Key LEvel).

 

We may see a breakout next week in this case.

 

 

Thank You for your support,

Doctortyby