riffster21

riffster21 Updated 

Hi guys, Happy Holidays! The EURUSD consolidated after the FED release, but were to next? We are currently stuck between the 1.1860 and 1.1716 levels. Until one of these levels fail, we won't know where we are going. Wait for a firm break before entering a trade. The EURUSD loves head-fakes around key levels. The Daily channel is a good guild for potential...

riffster21 Updated 

Hi folks, The Daily Currency Barometer is showing that a consolidation is complete and the EURUSD is ready for another impulse to the upside. Both currencies consolidated to the 50 level and are making another push. If either currency breaches the 50 level I will update this post. So far, everything is set for one more impulse. This would be the 3rd impulse for...

riffster21

Hi all, The GBPUSD has been in a Bullish channel for weeks. We need to break below up trending support before we can even consider a Bearish shift. We are near the bottom and maybe be a good place to enter long. I went long @ 1.3068 when support was tested yesterday and now I am trying to resolve a target. The top of the channel is a likely target, but I will use...

riffster21

Hi guys, Looking at the Daily Currency Barometer - we are building toward some nice moves this week. Most of the currencies are between 60 & 40. That does not happen very often. The CAD should continue to gain and the AUD will likely lose ground. The rest however, are a mixed bag of 'what if'? The only thing we know for sure if that currencies cannot stay at or...

riffster21 Updated 

Hi guys, Opinions about the BTC are still widely mixed and I'm undecided until a few things happen. The first thing I would say is 'if'. I will only enter this trade 'if' 2 things happen: 1. The short term up trending support needs to fail, and... 2. Trend Signal need to provide a sell signal Even then, I will keep a tight stop above up trending support (marked...

riffster21

Hi guys, Most of the JPY pairs are in some sort of reversal pattern at the moment. It's unclear if these reversals are consolidations or true longer term trend reversals. However, we should be able to grab some nice pips from these moves. The EURJPY is on my radar at present. The Double Top combined with a longer term trend line break, provide strong support for...

riffster21 Updated 

Hi guys, My analysis and reason for this trade are post on the linked idea. I've been waiting for Currency Barometer confirmation before my entry. I received confirmation and I entered. Levels are marked on the chart. I may extend my target a bit, but my initial target is inside the previous swing low with a pretty tight stop = excellent risk/reward on this trade.

riffster21

Hi guys, I mentioned this trade in my Twitter feed last week, but forgot to post here. There are lots of trend lines to support a trend reversal here, but this post is for our Currency Barometer users. We can use the Short Term Barometer (use the 8 minute interval) to time an entry for the trade like this. Trend reversals are usually bouncy and give us more than...

riffster21

Hi guys, Several traders mentioned this EURUSD trade over the past few days, so I didn't feel a post was needed. However, if you missed the entry, I 'think' we might get a second entry. I will wait for a pullback to new resistance, former support and enter short (i.e. add to my position). I think the chance of prices bouncing back up before the next drop are very...

riffster21

Hi guys, Some folks have sent me messages asking why I quit. Well, I didn't :D I usually take the summer off to spend with my family, take trips, sleep a LOT and have fun. I'll be back in time for the holiday season blitz. Until, then I'll keep an eye on PM's and help 4XGlobal folks as needed. TRADING TIP: Always take time off. Don't let this market suck your...

riffster21

Hi guys, I am out of my EU long and now reversed for a short. The EUR on the Long Term Barometer is over-extended, but more importantly, the Base, Cross and Absolute Trend Values are over-extended. Along with several other indicators, but for me the Base, Cross and Absolute Trend values are the most important. I will push my stop to BE when I get +15 pips. Target...

riffster21 Updated 

Hi guys, I am still waiting for a long term entry to short the EU and we 'could' be at an important cross-roads. The Daily Currency Barometer is showing a tight pairing for the EUR and USD. Currencies cannot stay paired for very long (macro economics won't allow that to happen) and when they break apart, we usually see a fairly big move. On average, these moves...

riffster21 Updated 

Hi guys, Most folks are forecasting a Bearish impulse from the EURUSD. I do not disagree, but I would like to see more confirmation before I jump in. I posted a note about the double top about a month ago. Since the double top from EUR, EU prices have been fairly Bearish until about 2 weeks ago. Long term fundamentals seem to support a Bullish trend for the EU,...

riffster21

Hi guys, You've probably been enjoying the EURUSD ranged market over the past week or so, but wondering where it will go next. If you remember, we had something very similar back in May. The sideways consolidation ended with a large impulse to the upside (bullish). If you look at figure #1 and #2; we are in the same type of consolidation pattern now. If the same...

riffster21

Hi guys, The recent EURUSD trade idea posted are conflicted, but most agree on the longer term trend (up). If you are using my tools, there are a few easy ways to find trade entries. Today we want to find a Bullish entry, but we won't get another Trend Signal alert. However, Trend Signal is still confirming a Bullish trend. Our best way to find an entry is to use...

riffster21 Updated 

Hi guys, Hopefully you caught a piece of the EURUSD consolidation (see linked idea). Most of our indicators are signaling the end of the consolidation move and the beginning of a new Bullish move. Both the X Meter and Wave Trend (30 minute time frame) are turning Bullish. The long term Currency Barometer seems to confirm this pattern. There are several Cypher...

riffster21

Hi guys, After a nice break, I'm back at trading! Yay! The EURUSD has been climbing for several days without a consolidation. This is due mainly to USD weakness. However, trends fade eventually and all markets must consolidate before the next push. The long term outlook for the EU is still in question (opinions vary sharply on this topic), but a short term...

riffster21 Updated 

Hi guys, based on my cored indicators and system, the GBPAUD is over bought and ready to fade before the next push up. Fading trends is always risky, but all of my indicators are screaming sell, so I am short @ 1.6856. Stop and Target are marked on the chart. This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.