I'm thinking DAX has already signaled shorts and I personally wouldn't be surprised to see it tank from here. Bottom of the wedge 8920'ish as target.
I don't trade this pair btw, just looking at it from purely technical perspective.
Baby's 5 min system Trading Journal 3 replies
Baby Sitter EA 4 replies
Baby Steps... 6 replies
FX Baby Trading Journal 0 replies
Disliked{quote} What are your thoughts on Daily, mate? I'm thinking DAX has already signaled shorts and I personally wouldn't be surprised to see it tank from here. Bottom of the wedge 8920'ish as target. I don't trade this pair btw, just looking at it from purely technical perspective. {image}Ignored
Disliked{quote} Hi mate. The weekly is still holding buyers for me.. {image} Also on daily it didn't make lower low yetIgnored
Disliked{quote} Yea weekly's a factor for me as well. Obviously not such an issue with h4 trades, but if today closes below this SR then for me it adds weight to a potential drop. Two "ifs" {image}Ignored
Disliked{quote} Looks like our weekly pa is different... what time does your day open at? My dax chart only shows eurex exchange hours which is 7am till 7pm.. Could do with a 24 hour reference to be fair..Ignored
Disliked{quote} Yea weekly's a factor for me as well. Obviously not such an issue with h4 trades, but if today closes below this SR then for me it adds weight to a potential drop. Two "ifs" {image}Ignored
DislikedAUDCAD Daily longs... Daily price action now in place for longs. Higher high made, bull engulf in demand zone, trend line overshoot and higher time frame support. Confluence. Of course this doesn't mean to say that the trade will definitely work out.. But fairly good odds I think. {image}Ignored
Disliked{quote} Just joined you long on that one, mate. Slightly different PA/TF(H4) for taking it. Let's see...Ignored
DislikedUSDCAD i'm long on this for the long term but I got sell limit at 1.3014. Hopefully we can edge up there tomorrow for a possible move down to around 1.29... Daily supply, 4 hour pa is the signal. {image}Ignored
DislikedAUDCAD Daily longs... Daily price action now in place for longs. Higher high made, bull engulf in demand zone, trend line overshoot and higher time frame support. Confluence. Of course this doesn't mean to say that the trade will definitely work out.. But fairly good odds I think. {image}Ignored
DislikedNJ and AJ. I expect UJ to pullback a little after last weeks move and in turn this will pull NJ and AJ up. If we do get high enough then there are some great areas to sell at in my opinion. We have news this week for both Oz and Kiwi regarding rate statements however my stop on NJ is wide enough to allow for any volatility. Same would go for AJ if I was to go short on that, however I will just be sticking with NJ to make sure I'm not over exposed. {image} {image}Ignored