Looks like it's going to be a great week for all of us
Nice trades everyone!
What do you think about GBP/USD this week? It currently is in the 1.9250 area at the BB4, and it looks like it's a support from the beginning of January.
Wow... I'm in shock that I have found a way to improve my existing method significantly!
i just exit my long position on gbp/usd; made 70 pips in 3 hours. It's not much but is something
New Trade:
USD/CHF Long @ 1.2207
TP 2334
SL 2123
Check it out on the 30 minute chart. Can we say double top?
New Trade:
USD/CHF Long @ 1.2207
TP 2334
SL 2123
Long looks good! I'd set your TP for ~1.2240 as it looks to be a area of resistance. At least see what happens when it gets near that level.
I'm hoping for a little more than 33 pips out of the trade, but we'll see.
I drew fibs from from the start of the current down trend @ 1.2437 on 2/22, and a .618 retracement brings us to 1.2311, which also coincides with previous support.
On the other hand, despite the analysis, the markets have been crazy the last few days, so time will tell.
. So far USD/CHF is forming a doji today, but that could certainly change. Good luck Yen
!I expalined on page 4 why I think it will go up on mid/long term.
But on short term, I notice that allmost all the time when a pair rallies for a significant suport/resistence (one that was in the past a major trend turning point) and it touches it just simply stops for some time there (probably everybody wan't to see what happens) and after that it will retract a number of pips and then breaks that suport/resistence with a small number of pips; and so on(retraction/breaking) for 3 times ussualy.
I inserted a chart to understand better. Sorry for thet z in resistente, wrong letter
I encourage you all to post your trades and observations so we can all help each other, as I don't want this thread to be strictly limited to only the pairs I trade. So keep on keepin' on, and I will try to comment on potential pairs I see lining up along with my 3 pairs.
With that being said, I am seeing EUR/CAD lining up for a short. I would set a T/P for 1.5347.
I have been trading BB method since Kevin introduced it. Thought I would post my trades along with everyone instead of just watching.
Long 2 lots NZD/USD @ .6839
TP .6945
SL .6789
Lee
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NZD/USD looks like a definite Long. A word of caution, though, as New Zealand will issue an interest rate statement on Wednesday at 3 p.m. EST. The forecast on FF is that the rate will be raised, which should bode well for a Long trade, but it might be good to have an eye on the charts around that time
Kevin,
Along the same vein, I don't trade USD/CAD, but for those who do, a Short possibility is showing up on my charts, with a target around 1.1692.
Lee,
It's great to have your input!
Kevin,
Wow . . . I just noticed you added your photo to your posts . . . finally we get to see the man in person!
I would do the same but then the thread would quickly lose its popularity, so I'll stay faceless for now (but now humorless).
Haha, yes, it is me contemplating when I am finally going to get to place a new trade in my 3 pairs.
It looks as though GBP/USD, USD/JPY, and GBP/JPY are all lining up for a long. A break above the last pivot point high's on all 3 pairs will confirm it for me. Should hopefully be by tomorrow evening(March 8th's evening).
I'm anxious to see how well my new method does!
Good luck,
Kevin
