Day: July 8, 2015

 

What’s powerful about support?

When I first started off trading, I had my doubts about whether the concept of support (and resistance) was actually for real. The chartS below are some fine examples that demonstrate the power of the concept. Support means that which resists falling through the floor. It’s just like a floor actually. Floors do break on occasion depending on the integrity of their structure and the amount of pressure put on them. So too it happensRead More

GUPPY PERSPECTIVE ON AUDNZD

The perspective on AUDNZD below, gives a picture of a trend breakout to the upside on daily chart. Spikes in or through the slow EMAs (in red) have been rejected. The screenshot below speculates on what may happen. The SYP applies.

GUPPY PERSPECTIVE ON EURUSD

The Guppy system of analysis is one of the most logical and transparent that I’ve come across. The perspective on EURUSD below, gives a picture of a trend breakout to the downside. Spikes in or through the slow EMAs (in red) have been rejected. See two snapshots below. The screenshot below speculates on what may happen. The SYP applies.What happened next a few hours later:

GUPPY PERSPECTIVE ON COSTCO

The Guppy system of analysis is one of the most logical and transparent that I’ve come across. The perspective on COSTCO below, gives a picture of a trend breakout to the downside, with a recent spike on the daily chart. The screenshot below speculates on what may happen.