Stop at 1.16264. Strategic Entry 1.16020. Rolling it for a 2-1 risking 1% of account balance. Goodluck! T1 1.15766 T2 1.15512 T3 1.15258 The red and green P&L drawing appears deceiving. Because it was drawn on a higher time frame it appears as though price has been traveling through it for the last day or two. The drawing was applied 10 minutes before the...
4 hour Setup bar H 1.31193 L 1.31096. Puts our Entry at the break of the small bearish candle, E - 1.31076. Stop behind the high of the lower time frame higher high from Wednesday, S - 1.31236. Instead of taking the original entry, I'd like a mini pullback, I'm not rushing this market. Strategic entry 1.31156. Taking the full position to stop or T2 for a...
Bearish wedge breakout. Going to short the pin bar. Setup bar H - 1.49512 L - 1.49200 Difference of .00312. Entry 1% short at a break of the low, 1.49195. Stop at 1.49519. Difference of .00324 pips. T1 - 1.48871 T2 - 1.48547. Since I'm only risking 1% I'm only trading to T1, if I could risk 2% I'd put 1% on T1 and trail the other 1% to T2. Good luck! ...
Hello traders, I'm noticing USD/JPY 0.10% is testing a major overhead resistance level dating back to May 2017 for the third time. Each time this level is respected price proceeds to make quick moves to 110.000 (check out daily chart .) This stance contradicts my current understanding of market direction. My expectation is XXX/USD pairs falling with the EUR/USD...
4 Hour time frame. Levels mark previous levels of interest. Currently EUR/USD -0.03% is forming a major head and shoulders pattern. Check my post from last week where we identified the move days before the news announcement that triggered it. Our bias is short because of the intensity of the head and shoulders setup. We must anticipate the big week ahead. There...
Long term New developments in EUR/USD show a forming 3 prong head and shoulders, crown, ghost pattern or whatever you'd like to call it. If the formation plays out, which is looking very likely, statistics say the move back down should be equivalent to the move up. Because of this formation, long-term, I believe it is likely EUR/USD has room to move down to the...
Simple higher/high, lower/low trend analysis on DXY shows a still intact downtrend. The daily chart is looking like a bottom, but I choose not to act on that opinion until price verifies. Until price closes above $94.14 I will assume downside for DXY. DXY down means XXX/USD move up. USD/XXX move down. Watching Daily, 4 and 8 hour charts for: -Buy signals on...
Setup bar High 112.480 Low 112.036 Entry 112.032 Stop 112.487 Difference of .455. T1 - 112.032. T2- 111.577. T3-111.122 I've marked a 1-1 on the chart. Tight stop because that's the rules. DXY and EURUSD have bounced off major fib levels. I believe downside in DXY is eminent. While USDCAD was my first short, price stopped me out and then moved my...
Original Entry Short at 1.24530. Stop- 1.25207. T1-1.23862. T2-1.23194 T3-1.22526 Patience was key as this trade has cleared out and stopped out. Usually I like to trade half way to the stop, but a full stop out is the best. Get in while blood is in the streets. Markets go in the correct direction with as few traders as possible. Entry location doesn't really...
Hello Traders! I am looking at Gold futures /GCZ17. Indicators are showing bullish activity in gold since price has established long-term uptrend by breaking and holding more than 9 days above 1300 level (verified 8/25.) Our latest upstroke started on 07/10/17 with a low of 1211.1. We ended on 9/08/17 with a high of 1362.4. Since then price has pulled back...
Today I pitch an Investment in Crypto-currencies. Everyday I hear more and more about investors, traders, coders, central bankers and International Monetary Fund members discussing the possibilities. Time to roll in Buffet style. Technically - Short term It feels like a pullback is inevitable. Price has raised higher and barely pulled back without even a test...
Logistic Wealth Management - Weekly DXY Report. Strategist - VirginiaTElphee 6/10/17 TVC:DXY Last week the U.S. Dollar (USD) could not find the strength to move lower as expected. Prices meandered aimlessly and plenty of stops were hit including mine. Our bias is still to the down side for technical reasons on weekly/daily charts. It is note worthy that...
Hello Trading View. Today I ask everyone who views this post to follow me immediately. It doesn't hurt you, as no one publicly can see how many people you follow vs. following you. This isn't Twitter or Facebook. Make others feel good! Life is too short. Like/comment/follow frequently! Today I'm watching USDJPY with watchful eyes. The daily chart is setting...
Morning Traders. Let it be known I would NEVER consider shorting the S&P Index unless I had lower lowes. On the daily I've got lower lows and lower highs. This market should be ready to give us 60 ticks. Which on a single futures contract is $12.50 a tick. Entry 2240.00 Notice how the gap to the downside will be filled right when we take entry. Stop loss (SET...
This trade was spotted from the daily chart. Price has pulled back into the downtrend, giving us prime levels to get short. 15 min chart displayed price much better. This trade already triggered once. I should have been watching for the entry half way to the stop, but with school I'm too busy. Patience never hurt anyone. Setup bar High 1.26068 Low...
This 4 hour buy signal is in alignment with our current downside bias with USD. Although NZDUSD appears to be downtrending, what we are trying to earn on this trade would not invalidate the downtrend. The downtrend is part of NZDUSDs greater pullback, ever since DXY has been fighting the low 90's. NZDUSD has not invalidated it daily trend, so we are all go to...
DXY – US Dollar Index Oh how the mighty have fallen! The US dollar index fell for the third straight week in a row last week, closing at 93.974. At the beginning of the week we laid patient in ‘wait and see mode’ paying attention to how 94.00 would play as a level of support. First thing Monday price closed the trading day at 93.87. Verifying our downward...
Strategist: Virginia TElphee Where/what do we trade from here? Critical DXY analysis. After a defined fall from the 98.5 level back in May to our current levels around 93. DXY maintains a current bias of downward continuation until proven otherwise. It’s the proof we are interested in today. Currently From the previous year’s price action, and in earlier...