Audusd 1h chart and key level 30 July

Check levels on Audusd. Trying my best to post quickly chart.

Your comments too are welcome and you can always reach me on twitter @fx_13.

(Please click on the forex chart thumbnail to enlarge)

gbpusd 1h chart 30 July quick update

Quick update for cable support levels on hourly charts. Notice cable failed to post a new high on daily chart yesterday.

Your comments too are welcome and you can always reach me on twitter @fx_13.

(Please click on the forex chart thumbnail to enlarge)

Gbpusd monthly chart and key level

Check this chart and see the important resistance we face here for cable on montly chart.

Your comments too are welcome and you can always reach me on twitter @fx_13.

(Please click on the forex chart thumbnail to enlarge)

Eurusd 30 July quick chart update

Check fib levels and important supports on the downside. US GDP numbers will be the key today. Also end of month trading.

Your comments too are welcome and you can always reach me on twitter @fx_13.

(Please click on the forex chart thumbnail to enlarge)

Gbpjpy fib level chart

We are currently having support at 61.8% fib from last up leg. Notice we are back in the range that was holding since may below 136.24 & below 50% fib for last down move from 145.95.

Your comments too are welcome and you can always reach me on twitter @fx_13.

(Please click on the forex chart thumbnail to enlarge)

gbpusd quick fib support levels

Cable failed to post new high in last move. Notice bearish engulfing in last 1h. Today cable was more tracking eurusd leading the moves.

Your comments too are welcome and you can always reach me on twitter @fx_13.

(Please click on the forex chart thumbnail to enlarge)

eurusd 29 july looking for 38.2 fib

Check this chart where you can see an important fib test ahead for Eurusd and would offer some resistance with 1.3080 resistance level. Eurusd high currently stand at 1.3091 and usually eurusd once above 85 level it had no problems to make to clear 90 level and test next level. Also this story about SNB dumping euro seem not helping euro.

Your comments too are welcome and you can always reach me on twitter @fx_13.

(Please click on the forex chart thumbnail to enlarge)

Audusd plan worked. What's next to watch?

Previous aussie chart worked fine to the pip and offered a nice reversal at key resistance/ fib level I pointed. check updated chart with some levels to watch for support & may be next up target the D.

Your comments too are welcome and you can always reach me on twitter @fx_13.

(Please click on the forex chart thumbnail to enlarge)

usdjpy 1h chart 28 July plan worked

My previous chart about usdjpy target worked so fine as we hit 88 level & retraced lower as you can see. Notice here we have again a nice ABCD pattern with AB=CD ( few pips missing but we would never that perfect). Momentum is up for me currently.

nzdusd kiwi charts worked well too check it.

Your comments too are welcome and you can always reach me on twitter @fx_13.

(Please click on the forex chart thumbnail to enlarge)

GBPUSD chart 28 July: time to some retracement?

I pointed before the up channel on 4h & reposting the chart. Notice on daily we are testing 50% fib for last move from 1.7041 to 1.4234. On hourly you can see we have a nice ABCD pattern with AB= CD. Higher we have 1.58 resistance area & 1.5987 61.8% fib. Also we had 4 up daily candle, usually we don't exceed that number & move to consolidation before resuming the trend.

Charts below daily, 4h , 1h with comments. Your comments too are welcome & you can always reach me on twitter @fx_13.

(Please click on the forex chart thumbnail to enlarge)

Usdjpy 1h chart: fibs & levels 27 July

Check last Usdjpy moves, we had a nice ABCD pattern then a bounce at 38.2 fib.
Upside target would be at indicated fib. 1h chart.

(Please click on the forex chart thumbnail to enlarge)

Eurgbp 1H chart 27 July 2010 Update: important test here

Eurgbp check updated 1h chart with 100 MA test, check fibs. ( updated second chart

(Please click on the forex chart thumbnail to enlarge)

Nzdusd daily chart 26 July 2010

Important fib and levels on kiwi Nzdusd to watch.

Update 5 august: also chart pointed on daily on nice ABCD pattern and expecting after that a reversal. NZD employment data sent kiwi below 73. Posted an updated hourly / daily charts.


(Please click on the forex chart thumbnail to enlarge)

AUDUSD daily chart & levels to watch 26 July 2010

Important levels to watch & fibs on Audusd daily chart. Next important resistance test is 0.9060.

(Please click on the forex chart thumbnail to enlarge)

Gbpusd chart daily/4h charts 26 July

Some quick fibs on gbpusd daily chart & 4h chart (channel up)

(Please click on the forex chart thumbnail to enlarge)

Eurgbp 1H chart 21 July 2010

Update for my previous post about Eurgbp, check too for more informations:

(Please click on the forex chart thumbnail to enlarge)

GBPusd update 26 july bounce over 1.5450 level

Just a quick chart to show why I had the feeling that we will ounce at this level. Left chart is always important to watch for level/ resistance/ supports.

(Please click on the forex chart thumbnail to enlarge)

Eurgbp charts update 26-7-2010

Eurgbp main support 0.8310 is still holding. Notice last moves in 1H, one way moves post Friday volatility.

Check 1h chart & daily.
(Please click on the forex chart thumbnail to enlarge)

AUDUSD & AUDJPY charts 22 July

Forget to post it yesterday. We had a clean retracement here & breakup above 0.8840. Equities helped aussie clearing 0.89. audjpy had same setup.

(Please click on the forex chart thumbnail to enlarge)

gbpsud chart 22 July 2010

Updated 1H chart. We got a nice bounce yesterday at key level 1.5150 & FIB 61.8 from last up leg.

gbpsud chart 21 July 2010 update

I posted yesterday a downside channel. that was breached over the flash crash we had on cable today.

Below 1.5090 then 1.4950.

Update: ( 61.8 hold... It was a false break!)

Eurusd 21 July 2010 chart updated 22

Check upside channel test & key fin on 1H chart. We are now below 100 MA


(Please click on the forex chart thumbnail to enlarge)

Setup worked well see updated chart 22 July

Eurgbp 1H chart 21 July 2010

Check these level on Eurgbp. Possible bounce here at 38.2. On big Time frame we faced another FIB. Key resistance is back 0.8440 level that allow Eurgbp to target 0.87-0.88 area. Big support 0.83.

Update: seem 38.2 fib for the last up leg not holding as Eurgbp moved currently below 0.84.

Click on the chart to zoom in.

gbpsud chart 20 July 2010

All is in the chart got long at 50% Fib banked some at 1.53 but got stopped at BE. Below daily chart too.

FXCM Slippage & price lag episode 3

So back now to demonstrate again FXCM price lag against FXCM own price feed. As FXCM very kind & smart support managed to explain me that I can't compare it to dukas as FX market is not centralised.

See both accounts are live lower is using the official Active Trader Web plateform. The second is using unofficial Active trader price feed on Trade Station 2. So you can see the difference & price lag. Also I would point here after comparing both feeds I think these price feed are a bit different as web plateform have a wide spread but support always denied THEY HAVE ONE & ONLY one price feed.

Please notice I put both trading plateform on same PC & took snapshots, so we have same instant both pricing as you can see lower. Enjoy how this can get crazy!

Update: FXCM knowledge now the slippage on twitter & on forex factory

Click on picture to get larger & enjoy ( notice again Web active trader on Google Chrome in custom separte screen just over trade station on same PC, native XP trade station not web )!

You can find more details here in Forex factory: FXCM active trader web price lag & slippage

Eurusd 13 July update 2

Eurusd spike after US trade balance & targetting key resistance 1.2650 level

Eurusd 13 July

Eurusd facing a downside channel. 1.2550 is an important level & we remain currently below 100 MA. Market waiting for Us trade balance & Wednesday 14 US numbers

GBPUSD chart 13 July

Updated gbpusd chart higher high on 1H & higher low... We may have a new channel on the upside building here. Data must confirm today. Cable remain bullish as long it hold above 1.5080 key level.

AUDJPY Nice setup

Ok I missed that trade as I was off for some days. But the setup was so perfect that I can't hold from posting it here so we learn to catch it again.

See perfect bounce at 38.2 then run for the big resistance. Price action on 1H was bullish all the way up until we entered exit area.

Click on chart to see larger picture.

GBPUSD Updates 12 July

See cable fall as expected to 1.4950 this level is very important support as it holds way for 1.48 & we had big time to crack it down previously. 1.5080 is now for me the key ..

Go also had good shorts in Eurusd & Eurjpy from Asia.

FXCM stop hunting & scam

FXCM says that Active trader is their best RAW price feed plateform. Then see how this spike happen. Quick stop hunting & notice they widen spread so no one can game them & use it to enter at that moment.

This is how FXCM make money doing nothing;

Click to see larger. Also notice compared to Dukascopy price feed. Nothing happened there.

If you contact support they will deny manipulating price feed of course ( otherwise they will be fired) & claim NO DEAL DESK. Ok this is not a deal desk spike but an automated stop hunting. Don't forget the biggest pain with brokers actually is Virtual trader plugin with MT4 that is automating scalping customers & I think that FXCM have such stuff hidden in their own plateform to squeeze more pips.
Also they claim having 12 liquidity providers & as FX market is decentralised price feed may be different. Then see this is supposed to be the RAW price feed. The best price feed that FXCM provide & that's why they charge 1 pip per transaction. If dukascopy have a better price feed then guys FXCM you are screwed. This is your best product. In fact it's not true

OK any way it was a very small account. Moved funds & closing account. No more time to loose with such scam.

So after NFA cracked down on gain capital & fined them for using virtual dealer when do they plan to check FXCM automated slippage?

FXCM Active trader price feed lagging & slippage

OK today I played some with Active trader from FXCM ( always love testing brokers).

So see here the price is lagging behind 2 brokers I had on other screens. Each time same issue prices ticking without getting the move then 5-10 seconds later it catches the move. This was a small live account I had for tests. I even tried to game that lag. guess what I got order filled with a slippage of 8.6 pips. ( Support knowledged later that slippage). It was crazy I got filled let's say at 1.2637 while price was showing 1.2642-44 ticks for over 5 seconds later. Hopefully I was already aware of that.

See the screenshots!

Took also time to contact support. They accepted to credit difference & told me this is due to "MARKET CONDITIONS". OK I translate that: We tried to screw you but you catched us so we will get that back in your account.

If FXCM was really serious about fixing the issue they would fix it automatically. As their support quickly spotted it & pointed the slippage to the pip that I noticed. In fact imagine the number of pips that fall in their pockets & customers don't notice as most of traders will not use many price feeds. But I'm a bit paranoid on that so I usually have many price feeds on many screens.

For FXCM. The price in the MT4 I'm comparing your prices here is the same on another screen with another 3rd broker & best of all FXCM price feed moved later to match again these 2 brokers. Also execution when we have lag is done AT SAME price as other brokers!!! As FXCM execution servers know the real price & will give you only that!

Charts of the day GBPUSD EURUSD 9 July 2010

Ok trying to keep blog more updated I'm posting most of the time On twitter.

Watch here important levels in cable aka gbpusd

& same see FIB in action today for levels: