Daily Analysis September 7

Hey Guys, welcome to this Weekly edition of our Analysis!

Let us know what set-ups you are tracking with a comment!

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  • NathanTucci

    haha I am sorry, Pete! I didn’t mean to be confusing.. Ironic, since my job is to bring clarity to the markets lol… Thanks for watching though, I am glad you tune in to watch my analysis!

  • NathanTucci

    Hi Joe. Yes, I will do an example of that in my next analysis, make sure you tune in for that!

  • NathanTucci

    Hi Aryan, I hope so, too!

  • NathanTucci

    Hi Paresh, you mean just show the price level?

  • NathanTucci

    Could NOT agree with you MORE, Phillip!! 🙂

  • NathanTucci

    HI Paul, thanks for watching. Good to know that you have not given up on trading just because you haven’t made a fortune yet 🙂 … I think you are very wise to be on the longer timeframes as a trader who is not realizing profit yet–I wrote an article about this a while ago that you can read if you are interested: http://winnersedgetrading.com/the-great-debate/

    And yes, Paul, I think the BB are a fine indicator to help you on the daily charts, but you have to be careful about not basing everything on indicators–they can help, but no indicator is going to make you profitable by itself. Remember to use multiple time-frame analysis and good risk and trade management; those will be bigger keys than any indicator!

    Thanks again for checking out the analysis, and I hope this was helpful to you

  • NathanTucci

    HI there. thanks for watching the analysis.. Yes, I typically do not cover every pair. Mainly the pairs that I see good set-ups on, and that I am tracking regularly. I will be sure to think about the EUR/JPY more

  • NathanTucci

    Yes, the trend line was definitely broke, but we need to be careful about fake-outs

  • NathanTucci

    Thanks for the comment! Yeah, I think, like you said, we need to be prepared to trade whichever way the market is taking us with the USD/JPY at this point.

  • bigapple

    USDJPY – I did realize that the weekly upmove was much stronger (6 up no retrace) than the downmove (12 with 5 retrace to support). Perhaps this can give a hint that bullpower is higher than bear and increases the odds for long. Otherwise we should be ,like told perpared to responds the priceaction around this decision area. Perhaps fakeout – first break down to go long

  • bigapple

    If you scroll out the EURUSD W1 chart you can even draw the complete downtrendline, which i broken

  • Hi Nathan, thank you for the great analysis. I am tracking EUR/YEN and you did not include it in your analysis?

  • Paul Murphy

    Hi Nathan
    I Find your Tips very Helpful,
    I started Trading Forex over 15 months ago and Haven,t made back what i invested yet, but
    starting to understand The Different Timeframe on Charts as i was going by the 5 min Charts
    at first and ending up with False Signals and now i am looking at daily Charts going down to 8
    Hr and 4Hr before entering a Trade.
    I use Indicators like MACD, EXP Moving Average and Bollinger Bands on all TimeFrames
    is Bollinger Bands ok to use on Daily Charts or should i use a Different Indicator?
    Thanks
    Paul Murphy

  • Phillip

    Looks like “Risk On” assets like Aud, Nzd , Eur . Gold and Siver all benefited greatly from Usd, and Jpy weakness and the the Ecb and Nfp news at the end of last week .
    There were plenty of pips to be had ,
    Lets hope we can get in on some more next week .

  • Paresh

    You are requested to show the levels in the video so that we can clearly understand the points you are talking about in the chart.

  • Aryan

    Great analysis and insight for trading potential for the next week. Very much appreciated. Hope it helps me to make a few pips.

  • Aryan

    Great analysis and insight for trading potential for the next week. Very much appreciated. Hope it helps me to make a few pips.

  • Joe

    Hi Nathan,
    I find your analyses very helpful. They have turned my trading around. I am much better at seeing trends developing now. Any chance of you showing more on how you enter trades and leave them? eg going down to 8hr or 4hr charts and setting entry and stops. Do you use stops to exit, or set firm targets? Joe

  • pete

    Hi again ive worked it out (cos Im smart like that)allthough you said the daily, you were actually looking at the weekly still Nathan as I love your analasis so much we’ll let you off this time,(only kidding) cheers mate .Pete.

  • pete

    Hi Nathan Im not sure what eur/usd daily chart on 7/9/12 you were looking at but it wasent the same as my chart and I know I was looking at the right one ,cheers mate Pete