emmanuel7788
What do you think GBP/JPY daily chart
What do you think GBP/JPY daily chart
Attached Image (click to enlarge)
- #80,742
- Jul 11, 2017 8:33pm Jul 11, 2017 8:33pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
emmanuel7788 What do you think GBP/JPY daily chart {image}
my MT4 alert sent me an SMS early today...when Pop Gun shows up.
that is a gem setup at BRN 147.00, very rare and when it shows up, simply go for it.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,745
- Jul 11, 2017 9:01pm Jul 11, 2017 9:01pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,746
- Jul 11, 2017 9:14pm Jul 11, 2017 9:14pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
{quote} Sorry. I have to ask what EA can alert this? How amazing. Thanks!
I use a candlestick pattern recognition EA.
But you can use the TMS Monitor to alert you when there are trade opportunity but you must have done your own top down analysis and know what you are waiting for. This way you do not need to monitor your charts so often, when there is alert, you simply look at your charts and make a quick evaluation if you want to take a trade or not.
Be warned: The TMS Monitor is not a trade signal. It only shows you the 3 technical conditions of the HA candles, the TDI Slope and the PA with the 5EMA. You must look at your own chart setup and make that go/no-go decision.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,748
- Jul 11, 2017 11:24pm Jul 11, 2017 11:24pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
BOC Monetary Policy Report - BOC Interest Rate
Local time: 10:00PM | GMT+8
Pair: USDCAD
Forecast: 0.75%
Consensus: 0.50%
If the data is above the forecast, USDCAD falls and vice versa.The interest rate varies quite rarely.
BOC Monetary Policy Report <<< The Market reacts on the context of its statement. Tighter claims may mean a quick monetary policy tightening and reduction in incentives, which in turn will be supported by CAD (that is, will weaken the USDCAD pair). This is the time that the market participants or us retail traders to correct expectations.
BOC Rate Statement <<< But if the change in the rate occurred contrary to the market expectations, then expect huge movements.
Warning: If youre interested in trading around news events, please be reminded that the market may already be priced in before you enter into a trade. Therefore, use your keen observation with regards to price movement together with price action/structure, hours or minutes before the actual news events. This is just one of the reason why some traders try to avoid trading the news.
Trade at your own risk... Not responsible for your gains or losses.
What is a 'Tight Monetary Policy'
Tight monetary policy is a course of action undertaken by the Federal Reserve to constrict spending in an economy that is seen to be growing too quickly or to curb inflation when it is rising too fast. The Fed tightens policy or makes money tight by raising short-term interest rates through policy changes to the discount rate, also known as the federal funds rate. Increasing interest rates, increases the cost of borrowing and effectively reduces its attractiveness.
BREAKING DOWN 'Tight Monetary Policy'
Central banks around the world use monetary policy to regulate specific factors within the economy. Central banks most often use the federal funds rate as a leading tool for regulating market factors. Tightening policy occurs when central banks raise the federal funds rate, and easing occurs when central banks lower the federal funds rate.
Read more: Tight Monetary Policy http://www.investopedia.com/.../t/tightmonetarypolicy.asp...
My take... a 90% chance of interest rate hike...
Because of a very positive Employment Change report last Friday which outstripped forecasts and thus gave a great appetite to CAD amid the expected increase of Canada interest rate. As of today the forecast of the rate increase is up to 0.75% (from the earlier forecast of 0.55 %)
Local time: 10:00PM | GMT+8
Pair: USDCAD
Forecast: 0.75%
Consensus: 0.50%
If the data is above the forecast, USDCAD falls and vice versa.The interest rate varies quite rarely.
BOC Monetary Policy Report <<< The Market reacts on the context of its statement. Tighter claims may mean a quick monetary policy tightening and reduction in incentives, which in turn will be supported by CAD (that is, will weaken the USDCAD pair). This is the time that the market participants or us retail traders to correct expectations.
BOC Rate Statement <<< But if the change in the rate occurred contrary to the market expectations, then expect huge movements.
Warning: If youre interested in trading around news events, please be reminded that the market may already be priced in before you enter into a trade. Therefore, use your keen observation with regards to price movement together with price action/structure, hours or minutes before the actual news events. This is just one of the reason why some traders try to avoid trading the news.
Trade at your own risk... Not responsible for your gains or losses.
What is a 'Tight Monetary Policy'
Tight monetary policy is a course of action undertaken by the Federal Reserve to constrict spending in an economy that is seen to be growing too quickly or to curb inflation when it is rising too fast. The Fed tightens policy or makes money tight by raising short-term interest rates through policy changes to the discount rate, also known as the federal funds rate. Increasing interest rates, increases the cost of borrowing and effectively reduces its attractiveness.
BREAKING DOWN 'Tight Monetary Policy'
Central banks around the world use monetary policy to regulate specific factors within the economy. Central banks most often use the federal funds rate as a leading tool for regulating market factors. Tightening policy occurs when central banks raise the federal funds rate, and easing occurs when central banks lower the federal funds rate.
Read more: Tight Monetary Policy http://www.investopedia.com/.../t/tightmonetarypolicy.asp...
My take... a 90% chance of interest rate hike...
Because of a very positive Employment Change report last Friday which outstripped forecasts and thus gave a great appetite to CAD amid the expected increase of Canada interest rate. As of today the forecast of the rate increase is up to 0.75% (from the earlier forecast of 0.55 %)
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #80,749
- Jul 12, 2017 12:09am Jul 12, 2017 12:09am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
BOC Monetary Policy Report - BOC Interest Rate Local time: 10:00PM | GMT+8 Pair: USDCAD Forecast: 0.75% Consensus: 0.50% If the data is above the forecast, USDCAD falls and vice versa.The interest rate varies quite rarely. BOC Monetary Policy Report <<< The Market reacts on the context of its statement. Tighter claims may mean a quick monetary policy tightening and reduction in incentives, which in turn will be supported by CAD (that is, will weaken the USDCAD pair). This is the time that the market participants or us retail traders to...
nice report.That "Warning:..." is true.
Anyway, I am in sell mode for now and we shall see how the volatility would be like later.
If it reverses then I will do "The Work".
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,750
- Jul 12, 2017 12:13am Jul 12, 2017 12:13am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,751
- Jul 12, 2017 12:16am Jul 12, 2017 12:16am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
GBPAUD Week 28 Jul 12 D1 trade opportunity This setup has potential when the PA break lower and breaks below the MN Jun Low. "empty space" is where there is not previous price action for at least two(2) months. The historical 10-years data win rate for GBPAUD sell is 50% based on this type of HA, PAC and TDI setup. {image}
GBPAUD D1 Jul 12.
Took first 50pips since this morning Tokyo open. Now with re-entry, lets see how this will run this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,752
- Jul 12, 2017 12:20am Jul 12, 2017 12:20am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
USDCAD Week 28 Jul 12 H4: What's ahead of us today? A possible master Candle [3] if today's trading does not go below the low of that Mother bar of the Inside Bar. This MC[3] is sign of market consolidation range. This market type has potential in the coming days and weeks. Today is possible to sell on H4, but only if the PA goes below its 10EMA on H4. MN and W1 is in favour but D1 is sideways. Some believe the RSI and other oscillators that the market is heavily Oversold OS. Do you have such belief? {image}
USDCAD Jul 12, 2 sell entries using H1.
Will exit before the big news event later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,753
- Edited 12:38am Jul 12, 2017 12:26am | Edited 12:38am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
TMS Monitor H4 close
If you look at the last H4 close 25minutes ago,
3 pairs show steep TDI slope
NSDUSD
USDJPY
EURJPY
With these information, you go to your chart and look if there is a H4 setup good enough for you to take a trade.
If you look at the last H4 close 25minutes ago,
3 pairs show steep TDI slope
NSDUSD
USDJPY
EURJPY
With these information, you go to your chart and look if there is a H4 setup good enough for you to take a trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,754
- Edited 2:32am Jul 12, 2017 2:06am | Edited 2:32am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
{quote}
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #80,756
- Jul 12, 2017 3:45am Jul 12, 2017 3:45am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,757
- Jul 12, 2017 4:00am Jul 12, 2017 4:00am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
{quote} USDCAD Jul 12, 2 sell entries using H1. Will exit before the big news event later. {image}
Closed USDCAD H1 trades, 2 losses - 44pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
