MrPresident

MrPresident

Was stopped out on EURUSD long from earlier this morning. Still think the EIRISD is bullish up to my original target. Have a buy limit set for re-entry.

MrPresident Updated 

EURUSD Daily Long Price has broken the trend line and dropped to support at 1.04655where it reversed. Now I believe price will rise to a weekly resistance lever at 1.07700 1% Risk 1:4 Risk Reward.

MrPresident

The micro EURUSD is in a confirmed trend change from bullish to bearish. The DXY is Bullish. Price has retested the new bearish trend line establishing a new bearish trend, creating a bearish trend trade setup. It is an opportunity to enter early at a good price. Trade Ideas: Take the next 240 candle short on a sell stop at 1.0948. Stop at 1.0988 (above the wick...

MrPresident

Possible Double Top forming on Daily. Fibs align nicely. Looking for price to drop below the shoulder to 0.382 Fib. Retrace to shoulder. Continue dropping to the 0.618 Fib. Trade ideas: Trade the Daily candles down to the 0.382 Fib. Wait for the retest at the shoulder. Continue trading down to the 0.618 Fib. More aggressive. Double Top not confirmed. Wait for...

MrPresident

Trading momentum up to resistance at 137.659 4 hr trend is bullish. Momentum north is strong. DXY is bullish so Dollar is weak. JPY pairs bullish across the board (correlation.

MrPresident

My basis for taking this trade is this: 1. The momentum, which is very important to me, is very strong to the bearish direction. 2. There is a significant demand zone at 1.08318 3. There is a racetrack to the left where there are no unfilled orders to impede the sellers.

MrPresident

30min Short breakout of the post session open range. Agressive and a little risky but good risk/reward ration. Strong short on screener Big momentum going into end of session.

MrPresident

I set this up as a short on confirmation, reacting off of resistance. However it may also be setting up a range between 1.04633 and 1.03863. I think it could range there until midweek and by then a re-analysis would be necessary. Scalpers will almost certainly have opportunities long to 1.04633.

MrPresident

AUD is respecting the trendline. Price broke through support that became resistance. A retest has happened so looking for short. Need to get a bearish candle leaving this area. Patience as it may bounce around a bit before it goes. Price could still make it's way up to touch the trend line again. So again . . . . patience.

MrPresident

Looking more closely at the EURUSD Daily and Weekly charts, I believe there are more orders at the level shown here. This is my first ever trade on a weekly chart. I am continuing to watch the EURUUSD trade I published earlier as it may still prove a shorter term opportunity short.

MrPresident Updated 

This is a position trade with two Targets. Should last weeks if not months. Entry based on Volume Profile resistance. Risk/Reward 5:1 and 10:1 On a demo account. Just for fun.

MrPresident

Short trade on the 4 hour. Entry based on Volume Profile Resistance. Sell Stop entry.

MrPresident

The DXY at a crossroads. It is in daily demand but it has breached it's lower trend line twice now. And the most recent higher high was not as much higher than the previous higher high as previous higher highs. It may be a little undecided about whether to fight south though the demand and start a new bearish trend or go north to continue the bullish trend . I...

MrPresident

Previous trend had slow weak start with 3 new slightly higher highs showing an increasing trend strength. The two decreasingly higher his - losing strength. A left shoulder, head and a touch on the forming neckline. If this retraces to the resistance level set by the left shoulder it could be a nice H&S setup.

MrPresident

GBPJPY Short off of a rising triangle. I was originally looking for a breakout of the triangle at about 147.5 and change. However it looks like it has returned to the down side of the Big Round Number 150. I think I'm in this too early but so it goes....... The 150 is a very strong round number zone right through the middle of the GBPJPY. It is very squishy zone...

MrPresident Updated 

A possible Cup and Handle Reversal on the AUDNZD Daily. Also forms a descending triangle as any cup/handle pattern should. 1) If it closes above the upper triangle trend with a strong bullish candle then a ling trade should be successful. 2) If it breaks out below point B at 1.08334 then the reversal should be on. Inverted Cup with Handle " You must wait for the...

MrPresident

NZDUSD Short 1) Entry on 4H 2) Trend on 1H is Bearish 3) Price action has been ranging for a short time 4) A Head and Shoulder has formed in the direction of a continuation. 5) A retracement is possible 6) TP is 75% of Neck to Head distance 7) 2 - 1% trades with TP at 1.2R and TP at 2+R

MrPresident

1) New Trend Line set at top of early break of original Trend Line. 2) Second break of original Trend Line passes above New Upper Trend Line. 3) Limit order to trip if price re-traces to New Trend Line. 4) Should return to Big Round Number 1.5. 4) Trade entered off of Weekly Chart