Disliked{quote} Most pairs look to buy against the dollar including GJ and EJ Best of luckIgnored
Happy for you!
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Disliked{quote} Most pairs look to buy against the dollar including GJ and EJ Best of luckIgnored
Disliked{quote} Be careful mate! Scalping shorts are ok but please manage the risk well as there will be some USD shorting soon! GL and well done again with your trading Happy for you!Ignored
Disliked{quote} Cheers mate. Yep, no shorts on GU. I looked at the 15M and it invalidated any 5M setup. Larger timeframes rule! Thanks for the kind words!Ignored
Disliked{quote} ZZBB Method shows that GU has spiked a swing Low close outside of bollinger band (COBB) which means the next leg must be produce a high. The target of such a leg would at least be the last swing high (which also was COBB). Overall the upward flag is valid without any mispricing as far as I can tell. Eg. The initial spike up (left of the chart) was retraced 2x and each COBB move higher followed TZ h values through to the current swing down. The swing down is in essence buyers looking to purchase a discount pre-empting shorts on Dollar (as...Ignored
Disliked{quote} Be careful mate! Scalping shorts are ok but please manage the risk well as there will be some USD shorting soon! GL and well done again with your trading Happy for you!Ignored
Dislikedsquaring off all positions now.. Done for the day. Numbers, then Yellen testimony......I do not trade Fed Speak, I will assess the markets reaction after the event. Good Luck and green pips to all...Ignored
DislikedLong GBPCAD avg 19937.8, SL BE Long AUDCAD avg 9525, SL-50 GBPCAD target 20495 AUDCAD target 9630Ignored
DislikedHi Vlady, Could you please take a look at this. When the price hit the upper boundary of the bollinger I expected the zigzag leg, there was non. Is a continuation of the trend down highly probable? {image}Ignored
As of writing, EJ has broken BB mid so it looks like lower... but I would wait to see what happens if it closes outside BB. If it stalls and reverses, it's a Long and target the "mispriced"/missing ZZLeg top.
I know this is a bit convaluted but it's not a straightforward scenario. Hope this helps.
Disliked{quote} From a completely different (non-zigzag) reason, yes it looks like continuation upwards. The MACD you are using has similar properties to how I use it (I'm making a big assumption here but I am quietly confident you are). It suggests higher since the price consolidation occurred whilst macd was in negative. As far as the ZZ technical reason... it's not clear cut. I can't recall just now what settings there are in the ZZ indicator... I think there is a sensitivity number that dictates whether it will create a new ZZ leg. I suspect that...Ignored
DislikedLong GBPCAD @ avg 19939, closed +355 Longs still open: USDJPY @ avg 12372.5 GBPJPY @ 19300.8 Will consider reloading on GBPCAD, the long term target of 20500 (posted previously) now seems realistically in reach.Ignored
Disliked{quote} From a completely different (non-zigzag) reason, yes it looks like continuation upwards. The MACD you are using has similar properties to how I use it (I'm making a big assumption here but I am quietly confident you are). It suggests higher since the price consolidation occurred whilst macd was in negative. As far as the ZZ technical reason... it's not clear cut. I can't recall just now what settings there are in the ZZ indicator... I think there is a sensitivity number that dictates whether it will create a new ZZ leg. I suspect that...Ignored
Dislikedhttp://www.efxnews.com/story/29695/b...eak-12835-bnpp FWiw....just saw this a second go...BNPP calling for rate cut today from Boc.Ignored
Disliked{quote} All closed (stopped out). I kept moving the stops to recent swing lows UJ +29.4 GJ +7.7 Total for day +372.7 Currently flat. I think I'm done for the day. A couple of not-so-good entries there. I will have to analyse those out and see what mistakes I can reduce.Ignored
Disliked{quote} Thanks for the heads up mike. I held all my cad shorts based on this heads up. Thanks a lot. Closed all cad trades on the up spike to reenter on correctionIgnored