This is an interesting one! the pair hit the resistance at 85.00 and then started its short wave but around the mid point of the trend coloum it seems to have retracted with a strong reversal pip on the 4H time line. The STOC shows the buyers starting to take over as a crossover has appeared as aswell as a strong buy signal on the 1 hour timeline. the moving...
Really strong start for the GBP so far this morning, DXY on the up, but so are GBP pairs. Would like to see a strong close above 1.38 and subsequent pullback so we can look to position ourselves long from this region.
Nice rejection from resistance seen yesterday, didn't quite pull down to our H4 support zone, but performed nicely nonetheless. Now we have broken resistance we could expect further upside corrections on these ***YEN pairs.
My only concern is GBPJPY, as we approach 151.000, this seems like a good short price to me. However, EJ, UJ and CHFJPY seem...
Another simple yet effective trading range on this pair playing out, simplicity at it's finest, identifying powerful and quantifiable trading zones and making the most out of what is there.
EURJPY has broken upside, analysis to follow, same principle from previous expectations, just unfortunate we didn't get the full retest.
A classic move back to an area of liquidity. Anticipating a move back down to last weeks low over the next few days. This is a high risk opportunity as it goes against the current retail sentiment however the potential payoff is big.
Disclaimer: this is not a signal or financial adive. Please do your due deligence.
As per the VN we are 'technically' bearish as we have a big selloff move $110 pulling downside, we also are trading below 1880, which is our resistance zone. Effectively a bearish flag pattern, and a bloody big one at that! The flag consolidation alone is 230 pips. With a target of 350 pips from 1880 to 1915 if we break upside. We haven't had much movement...
EURJPY H4 - Very much the same kind of trading conditions as GBP just a little less aggressive, which we highlighted yesterday. Looking for exactly the same, WAITING for a break downside to clear 124.500 support and then a subsequent retest, this would be the next possible point to jump in with the downside trend hopefully.
GA has been moving corrective inside this channel. Taking advantage of this choppy sideways movement with 2 Profit targets in place to lock in profits on the way up. I will be removing 100% of the risk when the 1st take-profit has been reached.
No loss no gain. This is a risky position, obviously.
I do not know if it will fall or head north. My estimate is for the south.
Heavy losses may be involved.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown...
Much of good trading is about time spent stalking. Trade execution by the most successful traders happens only after much patient study.
The current position of the DJI, resembles a previous one. Patterns tend to repeat. This means vigilance to see if they do repeat. There could be losses involved. I never avoid talking about that.
Sometimes a pattern may...
Did I say 'controlled loss'. Yes I did! This is also known as a stop loss - for those who wish to short, and can afford it.
If one cannot take the loss, stay out! You've been told. In other words if you lose your money, sue yourself.
I do not avoid the issue of losses. I'm going to bring it up more and more - as it is the main thing to be controlled in all...
I explain why there is a long position in this drawing on my probability estimates - taken from technical indicators.
Note carefully the word 'controlled loss' means stoploss which means that's money one is prepared to lose. I never avoid talking about losses, as it is the most important thing to control in trading.
Disclaimers : This is not advice or...