Forex Daily Bar Analysis - All Pairs/All Welcome

Hello: It is nice to meet all of you.

I am hoping to create something powerful here.

I started this thread because I have very little time to trade lower tf's, and when I do, I have narrowed it down to trading only one pair, using one system, which I like, and it is very successful for me. The more pairs I try to trade on the lower tf's, the worse I end up doing. However, there is so much opportunity just by looking at the d1 bars, once each day.

This thread is for others like me who are interested in sharing analysis on d1 bars for trading. I would like it if people would keep this thread free of their trades and analysis on 15m, 30m, 1hr, etc. The purpose of this thread is for daily bar analysis, only. Now, this does not mean that you should not post a 4hr chart if it helps in your analysis of the d1 bar. I just want to refrain from having people post there trades off lower tf's. Charts from lower tf's that help in your daily bar analysis are of course acceptable.

What I would also like to have happen is that not only do we post our daily analysis on pairs, but that we take a look at what others have posted, and check out the analysis that they did. There are very nice ways to say that you see things differently (if you do in fact see things differently), or that your trade would be too risky for you to take, etc. Together, we can help make each other better traders.

I currently watch 15 pairs on the daily bar, which is too many for me to analyze in this thread. Maybe, individuals could commit to doing a daily analysis every night on one or two pairs. An analysis could be a chart and why today is a good day for a trade, or just a chart and that today it is better to stay away. Really the simpler the better. If everyone does a little bit, we can all get in on the good trades, and stay out of the bad ones.

If you are interested in making a commitment to analyzing a pair or two on a regular basis, and also giving a critique or two of another analysis, can you let me know, and pick the pair/pairs you would like to analyze. Remember that the point of the critique is not to find something wrong with someone else's analysis, but to save them or another member in our analysis group from making a trade off the analysis that would be a bad trade, or miss a trade that would be a good trade. Make sense? Kind of like just re-checking someones work as a way to have everyone's back.

Maybe, together, we can turn our group into a pip making machine. What do you think? It might take a little time and getting used to and comfortable with each other, but I think that more heads are better than just mine.. lol

So, I will start it out and say that I will analyze EurNzd, and GbpCad. I have become quite fond of these two pairs as of late. I use FXCM, and so my daily bar begins at 4PM CST. I will try to get my analysis up very close to that time, but sometimes, I will be late do to volunteer commitments.

BTW... you also do not have to make a commitment to post charts and give us an analysis off a daily chart. Feel free to be one of us, even if you make no daily commitment.

Anyone looking for a system to help enter trades based on what your daily analysis might be may like this entry system: http://www.forexfactory.com/showthread.php?t=563164

So, who else is in?

damonl - EurNzd/GbpCad

Source.