Wednesday, 14 August 2013

USDTRY bullish triggers seen. 1.9517 initial target.

Yesterday’s 2nd positive daily performance in a row took USDTRY
through the 21 day moving average. The market has been
fluctuating around that point for almost a month but this time
the bullish break has been confirmed with a positive crossover
in strength indicators (RSI) - through the moving average and a
trend of lower reading highs. Potential now for 1.9517 as
minimum target.


Friday, 9 August 2013

CABLE shows Marabuzo gains

Once again the Marabuzo line has shown its relevance in providing trend recognition and levels that will hold corrective moves.
The chart below shows the rise in CABLE from this month's low. Steady gains from the bottom of the Keltner channel to the top but the 2 Marabuzo lines stand out, especially August 2nd where the pullback 3 days later held that point exactly.
Do you use Marabuzo lines as a tool for your trading? If not, why not?


Friday, 2 August 2013

EURSEK - Great example of Marabuzo lines

To my mind the usefulness of Marabuzo lines is undoubted but its good to emphasis the point every now and again.
Below is a chart covering the rise in EURSEK over the last 2 weeks. Obviously the rejection of the lower end of the Keltner channel was the 1st sign of demand but since the upside began there have been two perfect example of the Marabuzo line catching profit taking and acting as a platform for the trend to continue.
Are using this indicator in your trading yet?