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- 18 Results (16 Replies , 2 Comments )
- Braincells replied Jan 6, 2016
I think a reversal might be coming, the uptrend on the weekly timeframe is still intact and this entry point provides a pretty good risk:reward ratio, if you are a longer term trader like me (I only make a couple of trades a year, I've been waiting ...
- Braincells commented Jan 15, 2015
Wise words sir. I trully agree with you. With regards to this article, I believe many brokers forced their clients to close their open positions on eurchf at 5:00pm; which may explain that spike.
- Braincells commented Sep 13, 2014
A more hawkish fed could spark a stocks sell off and reduce fear of inflation, which are both good for treasuries and bonds. So actually tapering could result in lower rates. Also, we have to keep in mind than funds are hungry for income assets so ...
- Braincells replied Sep 3, 2013
Did anyone else notice that the pattern looks like a tilted diamond pattern? I'd be careful to buy U/J as I've seen many fake brake out with that pattern.. I am currently S with a TP ~93 (.31 fib from PY low to CY high) that may be modified due to ...
- Braincells replied Apr 13, 2013
It looks like many of you are shorting the kiwi right now ; what does make you think that we 've reached the top ? It broke its previous high and may continue rising to the .89 area... boj is printing a lot of money and we could see large inflow of ...
- Braincells replied Apr 7, 2013
I agree... if the price goes above the tenkan @ 1.0424... we may easily have a re-test of the 1.0485-1.0495 area.. then we will need to see if it does a triple top reversal or a breakout to 1.0570-1.0585 or above... image
- Braincells replied Mar 17, 2013
Not only 1.50 is a psychological support, but it is also where the tenkan-sen (ichimoku) is right now. A break of that level should be very bearish.
- Braincells replied Mar 7, 2013
I think that shorting U/J right now with a very tight stop may be a very good risk/reward play; risking about 20 pips for a potential 150 to 250 pips (retracement to 93.50 and maybe around 92.50 close to the cloud on a daily chart).. big boys have ...
- Braincells replied Mar 6, 2013
This trade seems to be high risk, low reward (risking 100 pips to make 50 pips + going counter trend); specially before monetary policy statement from the BOJ coming shortly.. I may think about adding to my long position on a pullback with a SL ...
- Braincells replied Feb 27, 2013
Entry order buy @ 92.71 -Daily high of 92.658 -Tenkan: 92.662 -Kijun: 92.662 image
- Braincells replied Jan 21, 2013
What do you guys think about that possibility? Third wave of current pattern is about 200 points; 1st wave is about 150 points and 5th wave is currently 143 points; knowing that 3 wave is generally the longest this area seems to be good risk-reward ...
- Braincells replied Dec 20, 2012
Agreed. channel on 4h chart still intact. My SL is currently at .0430 but with the recent spikes I am not sure if it's good or not
- Braincells replied Nov 7, 2012
While everyone is focusing on EURUSD; what about EURJPY? Seems to be a good entry point. Bounced off fib 61.8 & is around downtrend support + ECB speech tomorrow morning probably pumping the EUR; I see good R/R here image
- Braincells replied Nov 3, 2012
Or another option: do not use stop loss but don't use more than 3-4x leverage, it works as well if you can monitor your trade. You're hooked $1K for 200 pips, which means 10 lots.. with only $2K in equity = 25x... that's way to much leverage (and I ...
- Braincells replied Oct 30, 2012
Here's what I'm seeing — Bias for upside: 1) Uptrend support more aggressive than downward resistance; 2) Most of the time the trend resumes on the same side from where it entered the diamond pattern PS - no comment on my artistic talent ...
- Braincells replied Oct 30, 2012
Diamond pattern? — No action on this board! On a 2-hour chart, it looks like NZDUSD is forming a diamond pattern; a breakout could bring us up close to .83; very good risk/reward, anyone else agree? Obv I can't post chart yet :/
- Braincells replied Oct 8, 2012
Personally I am waiting to open a Short position at .0243 (downward support of previous channel that acted as a resistance on the recent pullback). Earnings season is kicking off tomorrow with Alcoa; USD may rally big times if earnings no not meet ...
- Braincells replied Oct 8, 2012
Agreed. Ain't cool enough yet to post charts (as this is my first post on FF) but we are currently on the downward support - closed my short. Will re-consider going short around .6094 which is 38.2 retracement & close to what seems to be a pivot ...
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