Quadricolor

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About me Former Analytical chemist, turned Trader. Used to give advice to friends. Basically buy at bottom, sell at top. Funny how they never listened, but agreed with my logic. It's the psychology of trading! Now I combine my analytic skills with Forex.
Joined UK, England
Trading Daily and 4 Hourly EUR, USD, GBP, YEN and BTC (on the side)
Markets Allocation
70 % forex 22 % cryptocurrency 9 % other
Top Mentioned Symbols
BTCUSD 21% | 5 USDJPY 21% | 5 EURUSD 8% | 2 AUDZAR 8% | 2
Quadricolor Quadricolor BTCUSD, 240, Long ,
BTCUSD: BTCUSD respect of resistance offers some buying confirmations.
39 0 2
BTCUSD, 240 Long
BTCUSD respect of resistance offers some buying confirmations.

Now we have both respect of resistance and an oversold condition on the stochastics, going long on BTCUSD is favourable. When buying BTC now, a tight stop loss is required as the long term picture (daily chart) is still overbought. There are also good candlestick doji formations on the 4 Hour chart and another developing on the daily chart. Short term purchases ...

Quadricolor Quadricolor BTCUSD, 240,
BTCUSD: BTC pushing up against resistance. Waiting for confirmations.
106 0 4
BTCUSD, 240
BTC pushing up against resistance. Waiting for confirmations.

In the 4 Hourly graph we can see price action meeting resistance around the $5800 mark. This is shown by the blue box market ‘resistance area’. There has been strong buying action at $5400 market as ‘Potential support No.1’. If enough buyers accumulate then it should push the price past $5800. In this regard if the price pushes strongly past $5800 then the up ...

Quadricolor Quadricolor BTCUSD, D,
BTCUSD: BTC Long term up trend still intact.  Wait to re-enter market.
81 0 4
BTCUSD, D
BTC Long term up trend still intact. Wait to re-enter market.

The overall daily trend is still in a major upward movement. Indicated by higher highs and the 200 day Moving average. The RSI is oversold, indicating some weakness in the price. Some profits can be booked now or held onto, though new long positions or buying activity can be put on hold until some retracement occurs. When the RSI is lower or if there is a good ...

Quadricolor Quadricolor USDZAR, W, Long ,
USDZAR: Long term Rand analysis supports selling of Rand.
26 0 4
USDZAR, W Long
Long term Rand analysis supports selling of Rand.

This is a general trend analysis of the South African Rand, using the USDZAR as a study. It recommends selling the Rand (Long USDZAR, EURZAR, GBPZAR) to buy USD or other currencies. The analysis is meant for individuals who might hold Rands with a view to sell them to move to another country. Analysis points to the fact that now is a good time to start the ...

Quadricolor Quadricolor EURUSD, D, Long ,
EURUSD: Bullish EURUSD daily chart with Gann squares, nearing resistance
75 0 3
EURUSD, D Long
Bullish EURUSD daily chart with Gann squares, nearing resistance

This is a follow on from a previous idea here:https://uk.tradingview.com/chart/EURUSD/0pKGEpaX-Bullish-EURUSD-daily-chart-with-Gann-squares-finding-entries/ . The price is nearing support areas so I have now identifies entry points. I have outlined two profit taking opportunities. outlined on the chart. The resistance is from the previous lows and Fibonacci ...

Quadricolor Quadricolor GBPUSD, 240, Long ,
GBPUSD: Buy GBPUSD on oversold RSI and Fib 50% support respect 4 Hour
56 0 2
GBPUSD, 240 Long
Buy GBPUSD on oversold RSI and Fib 50% support respect 4 Hour

I've entered two positions on the long GBPUSD. Entry 1: Open – 1.328, Take profit 1: 1.3605, Stop loss 1: 1.3177, Risk ratio 3:1 Entry 2: Open – 1.328, Take profit 2: 1.3844, Stop loss 1: 1.3177, Risk ratio 5.5:1 Based on the oversold RSI and respect of Fib (or Gann) 50% with stop loss below the support with room to breathe and good reward ratios.

Quadricolor Quadricolor EURUSD, D, Long ,
EURUSD: Bullish EURUSD daily chart with Gann squares, finding entries
46 0 2
EURUSD, D Long
Bullish EURUSD daily chart with Gann squares, finding entries

With price respecting the Gann arc, I am looking for buying opportunities at the support areas No.1 and No.2. These are also coincide with recent support and resistance areas. I have not placed definitive orders yet as I am watching price action closer to the support areas. I will update as the price action moves into closer positioning.

Quadricolor Quadricolor GBPUSD, D, Long ,
GBPUSD: GBPUSD Daily Long, bullish Flag formation and MA 200 bullish
179 0 7
GBPUSD, D Long
GBPUSD Daily Long, bullish Flag formation and MA 200 bullish

There is a bullish flag formation, supported by the price above a bullish 200 MA and a break of the rising trend channel. This is all supportive of an upward price move. The risk reward ratio is at 9:1 with stop loss just under the lower channel of the flag. I don't see GBP strength against the USD, rather USD weakness against the GBP (see DXY). Trend is up, the ...

Quadricolor Quadricolor XAUUSD, D, Short ,
XAUUSD: A simple Daily Short Gold / XAUUSD trade on support level breaks
45 0 2
XAUUSD, D Short
A simple Daily Short Gold / XAUUSD trade on support level breaks

This is the reverse of the long trade idea I have on gold / XAUUSD . This trade is based around the major support level at 1214. Simply, if the level holds we can expect price to have major bullish support on the long term. If the resistance level breaks, we can see major bearish levels coming in. We can place an order to sell at 1212 (the break of 1214 support ...

Quadricolor Quadricolor XAUUSD, D, Long ,
XAUUSD: A simple Daily Long Gold / XAUUSD trade based on support levels.
76 0 2
XAUUSD, D Long
A simple Daily Long Gold / XAUUSD trade based on support levels.

This trade is based around the major support level at 1214. Simply, if the level holds we can expect price to have major bullish support on the long term. If the resistance level breaks, we can see major bearish levels coming in. I will publish a Short trade opportunity linked to this one if the key level breaks. We can place an order to buy at 1220 (or just ...

Quadricolor Quadricolor USDJPY, 240, Short ,
USDJPY: Short USDJPY, Daily Chart, Potential range, resistance confirmed
103 0 3
USDJPY, 240 Short
Short USDJPY, Daily Chart, Potential range, resistance confirmed

This idea is the final part of the previous post regarding the pair. The previous idea is linked below but did not have entry levels at that point. The resistances were confirmed so I will be placing purchase orders at or just above, within the general resistance area. The first point of entry will be to short at 111.7, take profit at 109.15 and stop loss at ...

Quadricolor Quadricolor USDJPY, 240, Short ,
USDJPY: Short USDJPY, Daily Chart, Channel break, potential range.
42 0 1
USDJPY, 240 Short
Short USDJPY, Daily Chart, Channel break, potential range.

This idea follows on from a previous trade I have with this pair. The idea is linked below. It was shorting on the basis of a channel formation, however the channel formation appears to be broken so a new analysis is being undertaken. I am looking to short this pair. A small range looks likely to occur this week. I've highlighted this range area I am expecting ...

Quadricolor Quadricolor USDJPY, D, Short ,
USDJPY: Short USDJPY, Daily chart, Bearish channel re-entry, resistance.
70 0 2
USDJPY, D Short
Short USDJPY, Daily chart, Bearish channel re-entry, resistance.

This idea is also related to a 4 hourly chart I have linked below, showing bearish candlestick price action currently active, respecting the major resistance / previous price low / pivot area. Recently President Trump announced his budget, but this was not enough to push the USD above the major inflection point. In fact the pair appears to be taking major ...

Quadricolor Quadricolor USDJPY, 240, Short ,
USDJPY: Short USDJPY, 4 Hr chart, Major resistance / Selling activity.
30 0 1
USDJPY, 240 Short
Short USDJPY, 4 Hr chart, Major resistance / Selling activity.

On the 4 hourly chart we see resistance with the long tails / Dojis in the candle price action. They appear to be respecting the Major resistance line which has previously been a major Pivot or Swing line. A lot of selling activity and short positioning may be occurring here. This might be reinforced with the poor US Economic fundamentals, poorly received Trump ...

Quadricolor Quadricolor GBPUSD, D, Short ,
GBPUSD: GBPUSD Daily, short; RSI high and resistance respected - No.2
57 0 3
GBPUSD, D Short
GBPUSD Daily, short; RSI high and resistance respected - No.2

This is taken off of the first trade I have made (lined idea below). The first trade was stopped out, however the same principles are in place. There is major resistance around these levels and the pair may be overbought. For nice high TP:SL or risk reward ratios, I have placed a sell order at 1.29675, with Stop Loss at 1.30075 and Take Profit at 1.24675. This ...

Quadricolor Quadricolor GBPUSD, D, Short ,
GBPUSD: GBPUSD Daily, short; RSI oversold and resistance respected
130 2 4
GBPUSD, D Short
GBPUSD Daily, short; RSI oversold and resistance respected

Recently the pair respected resistance, labelled "Potential Price Resistance". The RSI is also in oversold territory. UK construction data came out quite positive but price action failed to show buying pressure. The lack of buyers may add selling pressure. Further Brexit news may start colouring a more negative picture for the Pound (GBP). Splitting the trade ...

Quadricolor Quadricolor BTCUSD, D, Long ,
BTCUSD: BTC; The long term view, looking for price drivers and China
150 0 5
BTCUSD, D Long
BTC; The long term view, looking for price drivers and China

There are links between bitcoin and Chinese capital outflows and the control thereof and currency relations / controls of Chinese currency. The relationship is highlighted with the comparison of the prices of BTCUSD (light blue area) and USDCNH (Dark blue line). This is useful in helping to form an idea of which direction the BTC may take. Currently there is a ...

Quadricolor Quadricolor USDJPY, D,
USDJPY: USDJPY Channel & Fibonacci respect and RSI oversold. Cover short
38 0 1
USDJPY, D
USDJPY Channel & Fibonacci respect and RSI oversold. Cover short

The USDJPY is in a bearish trend since the beginning of 2017 as suggested by the trend channel. The price has recently respected a long term 61% retracement at the same time as respecting the bottom lower channel of this trend at point A. The RSI is also oversold. These indications suggest cutting long term short positions, but not necessarily going long as the ...

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