Last Post For 2011

Formation of 2 pin bar. Price between 2 SR levels and 2 Trend Line. Waiting for a breakout soon.

Let's Go For A "Short" Ride

As mention in my previous post. Let's go for a short ride with 1st TP at 77.893, 2nd TP at 76.764. SL at 80.329.

Going For A "Short" Ride

The price now is dancing around trend line and at SR level. If price close below 78.820, we are expecting for a "Short" ride.

SR Indicator : DSR 4

This is my favourite indicator and perhaps the most powerful indicator I have ever coded. I called it DSR 4, DSR stands for Dynamic Support Resistance and now it is at version 4.


Saw those purple lines in the chart? Those are support/resistance price levels drawn automatically by my indicator, DSR 4.

So how does this indicator works?

Basically it collects data points from the candles over a period of time. It checks where the price stays the most and plot it out accordingly.


Do you have a better SR indicator compare to this one?

Breaking Out?

As you can see, it is breaking out of the trend line. Are we expecting more upside? Take note of the next SR level is at 80.071

Introduction

Firstly, I would like to welcome all forex traders to my blog.

This blog is dedicated to discuss on trading AUDJPY only. Let's start the post rolling.