Great minds think a like{image}
Others might be 2k, 4k, 5k or even 6k pips. A useful gauge for mid - long term SL/TP position.
- Post #30,141
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- Apr 4, 2017 6:33am Apr 4, 2017 6:33am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
Others might be 2k, 4k, 5k or even 6k pips. A useful gauge for mid - long term SL/TP position.
- Post #30,142
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- Apr 4, 2017 9:57pm Apr 4, 2017 9:57pm
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USDchf
It is NFP week. So, is this calm before the storm?
Price has been hovering above level 1 for 5 trading days now.
Strong support (round level 1.0000) established? We shall see.
It is NFP week. So, is this calm before the storm?
Price has been hovering above level 1 for 5 trading days now.
Strong support (round level 1.0000) established? We shall see.
- Post #30,143
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- Apr 5, 2017 4:44am Apr 5, 2017 4:44am
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No "strong" pattern / formation at the moment. Only EURaud have "something" to "imagine".
- Post #30,144
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- Apr 5, 2017 9:26am Apr 5, 2017 9:26am
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- Post #30,145
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- Apr 5, 2017 9:53am Apr 5, 2017 9:53am
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Alright. These pairs (4) have my attention now.
HL set up (Daily charts) and strong support for USDcad (weekly).
HL set up (Daily charts) and strong support for USDcad (weekly).
- Post #30,148
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- Apr 5, 2017 10:46pm Apr 5, 2017 10:46pm
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{quote} the USDJPY change...mmmm, not so clear now
Anyway, USDcad look strong above 1.33 atm.
- Post #30,149
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- Apr 5, 2017 10:50pm Apr 5, 2017 10:50pm
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USDchf It is NFP week. So, is this calm before the storm? Price has been hovering above level 1 for 5 trading days now. Strong support (round level 1.0000) established? We shall see. {image}
- Post #30,150
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- Apr 5, 2017 10:55pm Apr 5, 2017 10:55pm
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No "strong" pattern / formation at the moment. Only EURaud have "something" to "imagine". {image}
The only reason I don't favour LONG position for this pair is because the higher tfs (Weekly and Monthly) are still in downtrend mode. But this H&S set up is not happening. So skip / wait or look for other set up.
- Post #30,151
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- Apr 5, 2017 11:10pm Apr 5, 2017 11:10pm
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Eur/usd Long to 200sma? {image} {image}
This price movement is just like "calm before the storm". It is nfp week after all. I will leave EU for next week.
- Post #30,152
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- Apr 5, 2017 11:20pm Apr 5, 2017 11:20pm
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AUDjpy Strong resistance @ level 87.00. Deep dive last week. This is a very strong signal candle (could be a change in major trend). Keep an eye for this one. {image}
https://www.forexfactory.com/showthread.php?p=9709431#post9709431
Now (2 weeks later)
- Post #30,153
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- Edited 5:18am Apr 6, 2017 2:21am | Edited 5:18am
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{quote} 89sma tested already. {image}
Yesterday's trade
- Post #30,154
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- Edited 5:17am Apr 6, 2017 4:50am | Edited 5:17am
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March 2017 trades
- Post #30,155
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- Apr 6, 2017 11:14am Apr 6, 2017 11:14am
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{quote} EURaud The only reason I don't favour LONG position for this pair is because the higher tfs (Weekly and Monthly) are still in downtrend mode. But this H&S set up is not happening. So skip / wait or look for other set up. {image}
Daily candle still green. If red, then I will reconsider this s2 again.
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- Apr 6, 2017 11:53am Apr 6, 2017 11:53am
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All 3 are CT (counter trend) set ups. Based on weekly chart, only UJ is considered "save". Let's wait and see.
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- Apr 7, 2017 2:07am Apr 7, 2017 2:07am
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NZDjpy
Strong reaction here @ 77.00. But the weekly chart still bearish mode.
Strong reaction here @ 77.00. But the weekly chart still bearish mode.
- Post #30,158
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- Edited 9:05am Apr 7, 2017 8:50am | Edited 9:05am
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AUDcad
Made some trade just before nfp.
Banking 30(0) pips already (my account has something the broker described as mini spreads /mini pips).
Made some trade just before nfp.
Banking 30(0) pips already (my account has something the broker described as mini spreads /mini pips).
- Post #30,159
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- Apr 7, 2017 12:06pm Apr 7, 2017 12:06pm
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USDchf It is NFP week. So, is this calm before the storm? Price has been hovering above level 1 for 5 trading days now. Strong support (round level 1.0000) established? We shall see. {image}
Bullish engulfing + DB on the weekly is a hard one to resist.
- Post #30,160
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- Apr 7, 2017 12:17pm Apr 7, 2017 12:17pm
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GBPjpy
This formation is something that has to be considered next Monday.
This formation is something that has to be considered next Monday.