[01 Sep] Daily Analysis on ZAR, XAU, EUR etc

Daily Analysis will be posted here

Last Updated:

Wednesday September 01, 2010

How to read the charts:

[31 Aug] Daily Analysis on ZAR, XAU, EUR etc

Daily Analysis

Daily Analysis will be posted here Last Updated: Tuesday August 31, 2010 How to read the charts:

[Video] Approach your trading like a portfolio manager

I recorded this video a while ago about Drawdown. This is essential for every FX trader who wants to make a success of his trading:



I hope you enjoy it!

Johan Kriek

30 August ZAR Analysis

Hi there fellow traders, please have a look at the chart below:




Price is dangerously close the support at 7.2780, therefore the sideways red arrow. The red arrow still means the direction of highest probability is bearish for today but wait for price to violate latter mentioned support before making any decisions

Should price move above 7.3820, then the ZAR will be situated within a bullish probability

To see more analyses on FX pairs such as EUR and GBP, please go to my website http://www.stocksanalysis.co.za

Enjoy!

Johan Kriek

27 August - Analysis & Levels (Dow, XAU, Oil, ZAR)

Hi There fellow traders

Herewith the directions of highest probability and levels on Dow Jones Index Futures, Spot Gold, Crude Oil and South African Rand Spot:











*quick note: if ZAR violates support @ 1.72840, then we could see price move all the way to 7.2260




Happy trading!

Johan Kriek
stocksanalysis.co.za

24 August - Dow Jones Futures Analysis & Levels

Hi fellow traders!

For those who follow and trade index futures, have a look at the chart below:




The green trend (60 minute trend) is bearish today so therefore the direction of highest probability is bearish

The sideways arrow means even though the probability is bearish, price is consolidating so wait for a break to the downside. The break will be confirmed if the 1 Hour Stochastic indicators turns South

Should price violate the 60 minute trend resistance line and thereby become a bullish probability then the Current and Major Trend resistance levels will come into effect

If you have any questions, please email me or simply visit my website at http://www.stocksanalysis.co.za

Johan Kriek

[16 Aug] Index Futures & Commodities directions and levels

Dow Futures:

Crude Oil

Gold vs Dollar

16 August ZAR Analysis

Below follows an analysis using the Probability Study Technique on the South African Rand:

We can derive from the chart above

that:

1) The Major Trend is still bearish

2) The Current Trend is bullish

3) The 60minute trend is bullish

So, for Monday, 16 August 2010 we can expect the ZAR to rise or strengthen. Below follows the level where the bullish context will change as well as significant support and resistance:

The sideways green arrow means price is currently consolidating (but expect a break to the upside)

If price moves below 7.310 then the Direction of Highest Probability will become bearish

Enjoy

JC

What can we expect for the week ahead of EUR/USD?

Hi fellow traders

After Friday the 13th of August we might see the Bucky strengthen against the EUR for quite some time. Here are my reasons:

On the Daily chart above of the EUR/USD we can see how the bearish Major Trend, which lasted for 8 months, has been violated to the upside. Now this violation has not been confirmed....yet

Therefore, price might be making its way down to the violated Major Trend resistance line (now significant support) at around 1.2200. Look at the chart below:

Also, the daily Fishing Stochastic is still what we call a "Strong Bear" so make yourselves ready for shorts on Monday morning in the chat room

See you there

Johan

How to do a NZD/USD Probability Study

Hi fellow traders. I thought I'd share with you how to conduct a probability study on the New Zealand Dollar:

Step 1: Open a Daily chart and make sure you can see at least 6 months of data, then draw a trend according to what ever you see on the chart. This will be known as the Major Trend:

Step 2: On a 4 hour chart, identify the Secondary Trend (also known as the Current Trend) which is based on the most active cycle within the Major Trend you just identified:


Step 3: Identify the Minor Trend (60 Minute Trend) by drawing a trend within the Secondary Trend. This can be done on a 4 hour chart or a 1 hour chart. This trend will be based on the most active cycle within the Current Trend

Now that I have identified the 60 minute trend I also have the Direction of Highest Probability for today. For as long as the 60 minute trend remains bullish, the NZD's Probability will be bullish

Step 4: Add the 1 hour Fishing Stochastic to see if you have a trading condition (it must point in the direction of the highest probability)

If you have more questions, ask them here or subscribe to the chat room at http://www.stocksanalysis.co.za

Enjoy

Johan Kriek

Who is FSI and Quatrotrader

I've joined forces with FSI (Fraction Share Investment) and Quatrotrading (quatrotrading.co.za)

The person to contact at FSI is Dawie Potgieter at dawiep@live.co.za
The person to contact at Quatrotrading is Herman Du Plessis at herman@quatrotrading.co.za

Both Herman and Dawie are familiar with the South African markets and provide accounts and tips via Global Trader 247 in South Africa

Welcome guys!

My new website is up

Hi

My new website at www.stocksanalysis.co.za is up and running

Go and have a look