Median Line Study

Free charts this week are the AUD/USD and e-mini S&P.  I also added the “US Dollar Watch” to the page with a link to the special report I published on 12/09/09 tracking a potential trend change in the US Dollar.  The dollar chart will be updated weekly to see how things play out.

 

Free charts:  http://www.medianlinestudy.com/free-charts.html

 

FOR SUBSCRIBERS

The mini-Dow chart walks through the signs of change that led to the big drop this past week.  The e-mini S&P highlights results if you would have drawn the Median Line I suggested last week – a pin-pointed reversal!  The Gold and Silver chart shows how a Median Line can still have strong magnetic power even after price drifts through a Median Line parallel.

 

 

The weekly report includes the results of the EUR/USD ”if/then” scenario as price decided its direction early in the week – a true 20% failure occurred.  The USD/CAD chart walks through the signs of price reversing.  The AUD/USD illustrates the results of the clues we were watching for indicating the next move – the reaction line proved to be the line of resistance.  The USD/JPY page discusses what to do when things get messy on the chart – keep it simple!

 

FOR SUBSCRIBERS

The e-mini S&P highlights a Median Line nailing the point at which price would reach a previous swing high.  The Gold chart shows a modified Schiff Median Line with added resistive power.  The oil chart shows price reversing at the right “time” indicated by two crosses lines, but not the right “place” – a phenomenon I find on the charts often.

 

 

The weekly report includes discussion of the EUR/USD and an IF/THEN scenario as price is at a decision point.  The USD/CAD chart illustrates the confluence of resistance that came together and rejected price last week.  The AUD/USD illustrates several clues that may be indicating the next move.

FREE CHARTS

AUD/USD and Gold - Free charts:  http://www.medianlinestudy.com/free-charts.html

Futures

The gold chart illustrates price following a Median Line set to perfection.  The e-mini S&P illustrates a technique using measured moves to calculate targets.  The oil chart illustrates how to use action/reaction lines and Median Line sets to find areas of confluence.  On the silver chart, I discuss the expanding pivot formation taught by Andrews.

Currencies

The EUR/USD chart illustrates a technique for setting targets after a break out of a trading range.  The AUD/USD hit the target Median Line discussed in last weeks chart.  The GBP/USD illustrates a technique using measured moves within a channel to determine targets.