EUR/USD PREDICTION FOR 6TH APRIL-10TH APRIL/2015

This prediction is only based on Weekly open, High, Low and Close. And based on Weekly camarilla only. Should not think this prediction as accurate. We must refer bollingerbands and 50 moving average in 1 hour chart. When middle bollinger band crossed over at 50 moving average, we will know, where market will be going.

According to previous weekly open, high, low and close:-

Previous Week,s Open    = 1.0880

             
Previous Week,s High    = 1.1024


Previous Week,s Low     = 1.0713

Previous Week,s Close   = 1.0994

Horizontal Line Blue Colour         - Previous Week,s High

Horizontal Line Orange Colour     - Previous week,s Close

Horizontal White Colour               - Previous Week,s Open

Horizontal Line Red Colour          - Previous Week,s Low


Now judging from the chart, we can say that Eur/usd should go higher after touching previous week,s open or after crossing weekly,s close by 20 moving average, since  previous week,s high and close is very near to each other.  Zigzag also should reached to previous weekly,s open, We just need to wait what will happen Tuesday to Friday.

In addition to the Previous Week,s Open, High, Low and Close, We can add the Previous Week,s Daily,s Close.

Again, according weekly,s camarilla, Eur/usd supposed to go up

Resistant 3  = 1.108


Resistant 2  = 1.1051


Resistant 1  = 1.1023



Pivot        = 1.0911



Support   1  = 1.0965


Support   2  = 1.0937


Support   3  = 1.0908

Judging from the camarilla chart, we can say that eur/usd should go higher up to Resistant 3. Just we need to wait for crossing of 20 moving average at Support 1 or Resistant 1.

Note:- If the 20 moving average crossed down previous week,s open price/line or weekly,s camarilla,s pivot point, eur/usd should go lower. Or, if the middle bollinger band crossed down at 50 moving average, eur/usd should go lower.

So for confirmation, we should wait upto Tuesday to Wednesday atleast.

Weekly Open High Low Close Trading Strategy

Weekly Open High Low Close Trading Strategy is also good idea according to my experiments only please. But must add bollingerbands and 50 moving average for measuring the market Trend in 1 hour chart. When  middle band crossed over 50 moving average, we usually know, where market will be going.

If you don,t know how to put in horizontal line weekly,s open, high, low and close just go to your meta trader chart. Just do assigment on Monday:-

1. Open your meta trader

2. Go to weekly chart

3. Go to file (top extreme left corner)

4. Save as (if you are planning to eur/usd it will look as  EURUSDm10080 in the file name. Just type it as  EURUSDm10080.html and save it to your desk top.

5. Now go desktop

6. Open Eur/Usd file from your desktop.

7, Now copy and paste previous week,s open price, High, Low and Close to your meta trader or draw it in horizontal line

After pasting in horizontal line, previous week,s open price, High, Low and Close, add 20 moving average to your meta trader.

Now wait for crossing by 20 moving average at these horizontal lines.

Let us look back now Eur/usd,s previous week,s open price, High-Low and close from the 1st March/2015.

For trading for 1st Week,s of March, we will add the previous week,s open, high-low and close of 22nd February/2015

That is Open price is 1.1378

High price is 1.1392

Low Price is 1.1159

Close Price 1.1159

Above picture is from 4 hours chart and we can see that crossing of 20 moving average at previous week,s low including close price. That means we can sell.

Alternately, if we, put it in 1 hour chart, 20 moving average has crossed Previous Week,s Close and Low as picture below on Tuesday 4th March/2015.

In the second week also we can see the crossing of 20 moving average at weekly,s low and close at 1 hour chart  on Tuesday as shown below.

In the third week, we can see that though we cannot see crossing any open price, high, low and close, since the previous week,s low and close very near and the price already touched the weekly,s low including previous week,s close on Monday, it goes higher on Tuesday reaching the previous week,s High as shown below.

In the fourth week, 20 moving average crossed on Monday and reached upto previous week,s high. After touching previous week,s high on Thursday, we could sell it since the price crossed 20 moving average. We can see below, that previous week,s close and previous week,s high very far to each other, That means market is sideways.

In the fift week or 1st week of April, we can see that crossing of 20 moving average at previous week,s close on Monday and crossing up of 20 moving average at previous week,s low on 2nd April/2015. That means market is sideways.

We can also see on 31st Match, crossing down at previous week,s low by 20 moving average, In that case we should aware about that . Because it is already crossed weekly,s open/close early on Monday or weekly,s opening. But if it crossed down on Wednesday/Thursday, It could go lower Or, only when if it  included previous week,s close and low, it could go lower. We can see that previous week,s close is above and previous week,s low is bottom or very far to each other between previous week,s low and close. That is why, better to trade Wednesday to Friday. Moreover, in the 1st month market always use to reverse.

In conclusion, we can say that, for surely getting profit, we should have trade only twice in a month only when previous week,s high or low very near to previous week,s close price or crossing at both previous week,s high or low and previous week,s close by 20 moving average.

If the previous week,s High or Low is far away from the previous week,s close price, market is sideways.

Gold Prediction for 30th March/2015 to 3rd April/2015 according to previous week,s high and low

Gold,s price Last week,s High is 1219.4390 and Low is 1179.2410. I have put in horizontal line last wednesday to Friday,s High and Low on my meta trader chart. If the price 50 moving average cross down the first Low Horizontal Line which put on meta trader chart in red colour, I am going to sell. If the 50 moving averaverage  cross up the first  horizontal line colour in blue, I am going to buy. For me pivot point will be the weekly,s open price or Monday,s open.

Last Wednesday,s High Price   = 1199.4700   Horizontal Line in Blue Colour

Last Wednesday,s Low Price    = 1186.4400  Horizontal Line in Red Colour

Last Thursday,s  High Price      = 1219.3900  Horizontal Line in Blue Colour

Last Thursday,s  Low Price      = 1194.2100  Horizontal Line in Red Colour

Last Friday,s High Price           = 1205.8800  Horizontal Line in Blue Colour

Last Friday,s Low  Price          = 1192.3500  Horizontal Line in Red Colour

Eur/usd Chart Prediction For 30-03-2015 to 03-04-2015

Eur/usd Chart Prediction for 30-03-2015 to 03-04-2015 according to meta trader chart.

As described on http://tradingweeklyopen.blogspot.in/, for 30th March to 3rd April, I have put in Horizontal Line on my meta trader last,s wednesday,s to Friday,s High and Low. If the 50 moving average cross down these horizontal lines, I am going to sell. If cross up will buy.

Wednesday,s High    = 1.10140   Blue Colour in Horizontal Line

Wednesday,s Low    = 1.09000    Red Colour in Horizontal Line

Thursday,s High       = 1.10520    Blue Colour in Horizontal Line

Thursday,s Low        = 1.08560    Red Colour  in Horizontal Line

Friday,s High            = 1.09470    Blue Colour in Horizontal Line

Friday,s Low             = 1.08000    Red Color    in Horizontal Line

For weekly,s open waiting for Monday.

According to chart/horizontal lines, eur/usd seems bearish for this week.

Gold Prediction For 26th March/2015

Gold or xau/usd has opened this week at 1186.3560. 50 moving average also already crossed at the weekly,s open price and going to be cross over at Monday,s High. That means, if tomorrow, that is, on 26th March/2015 if the 50 moving average crossed over at Monday,s High, Gold is expecting to go higher. But we may need to wait zigzag,s stopped near or at the weekly,s open price.

Or, if all the daily camarillas  above the weekly,s open.

Or, if the daily,s pivot point above the weekly,s open.

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Trading Weekly Open

Hi my fellow fx traders,

I have been practising Forex Trading since 10th November, 2010 with the Meta Trader Trading Plateform. In the beginning since I am a learner, I used to buy so many ebooks ideas, indicators and expert advisers. but there was no use for me. I have lost lot of money by trading forex. But I did not give it up. Rather, I took it as a challenge.

One day I decided to try weekly,s open price. I draw in horizontal line on my meta trader chart previous week,s open price, first week,s open price, second week,s open price and fourth week,s open price.  For indicators I used only 20 moving average or bollingerbands, zigzag and fragtal. I just keep monitoring upto Wednesday. On wednesday, if the 20 moving average cross over any one of the weekly,s open price (which I draw in horizontal line on meta trader chart), including yesterday,s High or Low, I make buy or sell order.

This weekly,s open price does not work every week in ranging market. In that case, bollingerbands and 50 moving average is necessary. When middle band crossed over at 50 moving average, we know the market,s directions. Also, I put yesterday,s high and Low. If the price 20 moving average cross up/down yesterday high or low, I make buy order or sell order using lock profit.

Sometimes the price reversed back on wednesday/Thursday/Friday in the case  20 moving average crossed up/down this weekly,s open price on early Monday. We should not trade  until and unless or totally cross up/down weekly.s High and Low by 20 moving average. So to know whether 20 moving average will cross up/down, should wait upto Wednesday or Thursday. If the 20 moving average cross up/down, weekly,s High or Low, we can buy or sell. But if the 20 moving average moves back just touching weekly,s high and  low  or neglecting this weekly,s high or low on wednesday/Thursday, it is reversing.

If the 20 moving average cross up/down on wednesday/Thursday/Friday, it is good for trading. But it comes twice a month.

In addition to the above, I put on my meta trader chart weekly,s camarilla. If the 20 moving average cross up the H1, I make buy order. Again, if the 20 moving average, cross down L1, I make sell order. This weekly camarila is helpful for targetting take profit also. This weeky,s camarilla Trading strategy also should crossed up/down by Wednesday or Thursday. Sometimes on Friday.

In addition to the above, I put on my meta trader Last Week,s Yesterday High and Low (Last Monday,s to Friday)  in Horizontal Line. If 20 moving average cross up/down any of the horizontal on Wednesday (sometimes Friday) I make buy order or sell order.

Again, I put Present week,s Yesterday,s  High and Low I put horizontal daily. For this, for High I put in horizontal in blue colour and for low red colour. On Wednesday or Thursday,  if the price cross up/down I make buy order or sell order.

Better to trade after crossing weekly,s open price, But just crossing weekly,s open price by 20 moving average, we should not make buy or sell order instantly. Wait for candle reversal or zigzag. Or let the zigzag stopped at upper or lower bands at 1 hour chart, before buying or selling. Account balance also should sufficient atleast for 30 pips according to your trading size volume.

So I need so many charts to be put on my meta trader, So I concentrate only for Gold (xau/usd), Eur/usd and usd/chf

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