http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-20.html‘They are not door numbers!’……….a quite well known phrase in the FX market. A view one morning may well not be the view 5 hrs later. It all depends on the price reaction. You need to be aware of what unfolds around you. That’s why I believe that any system that you only have to look at charts for 15 minutes a day is never going to work. If you have full time traders, who have to work hard at making money (14+hr days), how can expect to reap rewards from 15 minutes. Ok Happy Friday to you.Fri, 20 Nov 2009 09:56:26 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-20.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-19.htmlOK, here is how I see the majors this morning. A bit of USD weakness coming in before the next rally. GBPUSD We have broken the 4 hr wedge but it’s a false breakout. I am now expecting GBPUSD to move higher in a correction count (ABC). We may see as high as 16814 where I have a trend line cross. The move up should be choppyThu, 19 Nov 2009 09:18:59 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-18.htmlWed, 18 Nov 2009 12:49:01 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-18.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-17.htmlEURUSD I apologise if the chart looks a mess. I have the trades live on the charts. Got a good wave count here with this either being the start of wave three or wave C in an ABC sequence. Either way we should be heading lower. We have hit some resistance at 1.4920 (was resistance now support). I am expecting a break here then looking to take off half the trade at 1.4893 (which is the daily trend line). If we break there it should be impulsively and take us down to 1.4696, my third wave target,Tue, 17 Nov 2009 09:48:09 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-16.htmlMon, 16 Nov 2009 08:26:37 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-13.htmlEURUSD Daily: The trend line has held AGAIN on the large wedge. A lot of analyst on TV talking EURUSD up to 16000 and 16500. I can’t see it myself unless we get an almighty boost through that top trend line at 15190. Is all the good news going to continue or are the US going to let their currency keep on devaluing …….the fundamental s will tell us that. I am just taking a technical view. So, DMI is small negative, linear slope is pointing lower but not below zero, stochastic we have divergenceFri, 13 Nov 2009 09:35:11 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-12.htmlEURJPY Daily: We have been inside this large triangle formation for some time now. All indicators on the daily chart are flat to slightly bearish. 1HR: We got an inside triangle break this morning at 134.6. We are now looking for price to pull down impulsively to 133.75 and then onto 132.80. A move back into the triangle for negate this view (134.75)Thu, 12 Nov 2009 11:56:22 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-11.htmlAUDUSD Daily: We are still in the large ascending channel. We are now at the previous high and trying to push through. Since the push off the trend line (X) we have been making higher highs and had a very small trading range yesterday and formed a small doji. One thing that should be noted is that IF we pull lower from this level we will have divergence on three of the oscillators. RSI divergence is more relevant if we have previously gone into the overbought / oversold areas. 1HR. We areWed, 11 Nov 2009 09:16:21 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-11.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-10.htmlUSDCAD Daily: We are hugging the previous resistance line, now support and trying to hold on to the main moving average, 1.0576. Linear slope and stochs are looking lower but the DMI is still showing a positive trend so we have a real mixed bag here. 1HR: Looks a bit more bullish. Our last move up stopped at around 261.8% (1.0809) of the first wave. This was not an Elliott Wave as wave 4 over shot wave 1. The move down looks corrective in angle and has stopped short at 50%. We are showing anTue, 10 Nov 2009 08:57:44 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-10.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-09.htmlA lot of talk last week and in the weekend press about the dollar and whether the ‘USD carry trade’ is about to implode. AUDUSD Daily: We are still in this large up channel and bounced off the bottom (spikes) three days last week. Previous high at 93.36 (remember 93.25 was our target for the 5th wave in an Elliott Wave sequence). We do look bullish from Friday’s candle. We have the Dynamic RSI coming off the bottom. We are above the zero line on the linear regression showing we are in anMon, 09 Nov 2009 08:41:06 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-09.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-06.v02.htmlHi In quite moments (between the storms) I like to look through the chart functions to see if we can use anything new in these very volatile markets. I have a lot of knowledge of oscillators and use them every day in my analysis. We have to remember that ‘price’ is the most important factor in the market and the oscillators ‘indicate’ whether we should be looking to tighten our position (when indicators lag the market- divergence) or be happy to continue the trend (convergence). What are theFri, 06 Nov 2009 12:24:35 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-06.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-06.htmlFri, 06 Nov 2009 09:22:58 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-05.htmlThu, 05 Nov 2009 11:26:33 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-05.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-04.htmlWed, 04 Nov 2009 10:43:10 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-04.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-03.htmlTue, 03 Nov 2009 08:12:22 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-11-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-29.htmlThu, 29 Oct 2009 08:09:12 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-29.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-28.htmlWed, 28 Oct 2009 09:09:10 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-28.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-26.htmlMon, 26 Oct 2009 10:26:13 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-26.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-23.htmlFri, 23 Oct 2009 06:58:02 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-21.htmlGBPUSD Daily: We have now broken out of the corrective channel after the ABC correction. We also broke the MACD trend line to signal the move higher. Next previous high is at 1.6755 (then 1.7045). 4HR: We have broken out of the sideways up channel and are heading higher. A possible projection for this move is 1.7010.Wed, 21 Oct 2009 09:28:02 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-21.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-20.htmlTue, 20 Oct 2009 08:07:46 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-20.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-19.htmlMon, 19 Oct 2009 09:00:22 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-15.htmlThu, 15 Oct 2009 08:25:35 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-15.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-14.htmlWed, 14 Oct 2009 08:58:37 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-14.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-13.htmlUSDJPY We had a doji day yesterday on the Daily chart as we warned yesterday of a possible correction lower. 1hr we can get a good count on Elliott Wave with us now being in wave 5. We are above the 20 SMA and the move lower did look corrective. I am bullish but would need a break of the previous high to signal the next move up to the 91.60 area. This was a previous resistance zone. A break below 89.63 would tune us bearish to 89.30Tue, 13 Oct 2009 09:04:34 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-12.htmlUSDJPY Good morning. USDJPY had a strong bullish day on Friday after trying to break through the lower daily trend line on three occasions. We are now sitting on the 20 SMA at 90.26 (Daily). 1hr, we have seen three waves up and are sitting at 161.8% extension. We also have a previous high around this level. We are trending (ADX above the trend line) so even though we are heavily overbought we could see more strength. There is no divergence. I would expect a small correction here before the nextMon, 12 Oct 2009 07:04:40 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-08.htmlEURGBP I think we better look at EURUSD, GBPUSD and EURGBP with the meetings today. EURGBP, we broke out of the corrective channel yesterday and have moved back to retest the trend line. We need to break 0.9191 to signal the next leg lower (we broke the MACD trend line at the same time X). We could move higher to the 0.9244 area (61.8%) before the break lower. I am looking for a large ABC correction. 261.8% takes us to 0.9054 which would be a perfect ABC formation.Thu, 08 Oct 2009 08:50:18 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-08.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-07.htmlEURGBP I keep coming back to this pair as I am pretty sure we are due a break lower soon. We never broke the wedge to the downside yesterday but rallied up in the channel after the bad UK news. I am short at these levels with the double top with divergence. The stop above the high. Look for the MACD trend line to break next then the trend line and .9200. I would look for an overall target at between 0.9082 – 0.9050. This whole move up looks corrective and I am taking it as wave BWed, 07 Oct 2009 07:58:55 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-06.htmlTue, 06 Oct 2009 08:06:15 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-05.htmlMon, 05 Oct 2009 06:43:30 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-05.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-02.htmlFri, 02 Oct 2009 09:14:17 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-01.htmlThu, 01 Oct 2009 08:49:08 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-10-01.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-09-30.htmlWed, 30 Sep 2009 08:13:32 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-09-30.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-09-29.htmlTue, 29 Sep 2009 08:15:09 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-09-29.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-09-28.htmlUSDJPY Morning all. I hope you had a good weekend. I think we need to look at the daily chart on the USDJPY today. We have spiked through the main daily channel and pulled back (so far). We are trending (the ABX is above the line) so even though we are oversold on the RSI this may have little effect. On the 1 hr chart there is little to make us believe that this downward trend is about to change. We are below the 20 SMA, we have no divergence, we have spiked higher in the last two hours. IMon, 28 Sep 2009 06:52:06 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-09-28.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-09-25.htmlWe have a new function on the Chart Package. We have a virtual portfolio of $10,000 and we will post the results at the end of the month. You cannot book a trade after the move so I can assure you it is ‘cheat proof’. We have booked a profit on EURUSD yesterday (108 pips) and USD CAD (70 pips) and USDJPY (about 70 pips)Fri, 25 Sep 2009 08:11:03 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-09-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-09-24.htmlThu, 24 Sep 2009 08:10:09 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-09-24.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-09-23.htmlWed, 23 Sep 2009 07:57:06 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-09-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-09-22.htmlTue, 22 Sep 2009 07:35:42 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-09-22.htmlhttp://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-09-21.htmlMon, 21 Sep 2009 06:50:19 GMThttp://www.fxstreet.com/technical/forex-strategy/ian@turtlefutures.com (Turtle Futures)http://www.fxstreet.com/technical/forex-strategy/timeframe-breakdowns/2009-09-21.html