ldiary

ldiary

Might move sideways for consolidation before going down, or sideways while carving the B part of the correction for going up. The important thing is to find a setup no matter which way it goes.

ldiary

Two areas I am watching for a perfect signal to get into a Long position.

ldiary

I have a small sell position which I intend to close depending on how deep the correction can go in the coming weeks.

ldiary

Need to be careful as this is a trade in the Correction.

ldiary

My guess of possible scenarios from here. So the plan is to sell as it dives at a steady pace, but if the move downward is sluggish then abandon sell trade and look for a buy instead.

ldiary

Will keep on buying on every opportunity... building long positions before the compressing 4th wave ends, propelling the 5th wave up.

ldiary Updated 

For the second time, the GBPNZD pair is above the cloud. Hopefully this time it can form a bullish trading channel that we can take advantage of.

ldiary

I will build long positions until the end of the pink down arrow, which I think is a 7th leg. Sell on the pull back of the green up arrow (8th leg) and then take full long position at the end of blue arrow (9th leg).

ldiary

This is a revised version of my strategy for next week. It looks like we are about to complete an ending diagonal. Therefore, on Monday I will look for a chance to close all my short positions at break even. If there's no way I can do it, I will keep the short position and build more short around 1.92 level. I will not attempt to make any long positions. I would...

ldiary

I'm currently holding 11K short position after the end of this week trading hours. The price didn't reach 1.94 so I'm not holding a full position. (Bearish) I'm looking to reduce this short position to 5K on the green arrow move and wait for an orange arrow pullback before adding more shorts. If a bearish cloud is formed on top of the price, I will continue to...

ldiary

15th July 2016, I closed all my Long & Short positions in GBPNZD and then withdraw £1000 from my trading account. It's the total profit I made for 15 days since 1st of July 2016. My target profit for this month is already achieved so I am in no rush to regain Short positions. The GBPNZD pair is now starting to pullback thanks to the clever decision of Andrea...

ldiary Updated 

After the Brexit vote, the GBPNZD pair will have a strong tendency to linger more in bearish trend targeting as low as 1.78 before it slowly crawls upward. As such, I'm totally not interested in any buy setup now. Volatility may cause sudden upward moves, but the longer the pair stays in bearish mode, the more swaps you have to pay if you are holding a long...

ldiary

The GBPNZD pair, I think, has manifested a lot of interesting confirmations this week. It proved that it's move down wasn't complete yet, and along its way it invalidated the theoretical Wave 1 that I was counting last week, to the extent that I had to revise my wave count from 12345 into a double zigzag. Next week, I will continue on building my long term long...

ldiary Updated 

Last week we had a very sharp correction of what seems to be an Actionary Wave 1 of an incoming (or anticipated) bullish Motive Wave. This (not yet known) correction may not be over, but before the market closed last Friday, I was able to position 59K Long already. If the GBPNZD pair continues to create new lows, I am willing to add more Long positions at...

ldiary

This could be the beginning of another bullish run for GBPNZD, so I am now looking for good entry points to build long for the longer run. It may, however, take considerable amount of time for the price to sprint above 2.3 so I will be closing most of my long positions when we get there.

ldiary

We are in a very interesting position where, if we are lucky enough, we could potentially catch an ABC-1-2-3 structure such that we are anticipating a BIG 3rd wave upward (denoted by the green text on the chart). However, if the 2.148 area is broken, then that structure will become void and we might have a i-ii-iii-iv-v-3-4-5 structure where we are heading for the...

ldiary

*Possible* wave count if GBP remains weak against USD and NZD.

ldiary

After a month, we are finally edging in to the 2nd down target. The feeling is neutral now and I am waiting for NZDUSD to break the 0.68965 Head and Shoulder neckline.