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Trap the Market

  • #401
  • Sep 25, 2017 4:44am Sep 25, 2017 4:44am
Just sharing

If you would go far in this business learn to properly read, analyse, track and trap the market. One key issue here is focusing on and tracking significant price turning zones. For example, I have just deleted an email from my inbox. It was from a Forex news feed. It harped: 'EUR declines on German elections...' In my books, it is never the German elections that caused the decline. The money makers did, sensing that they have reached their targeted turning points. I never realized this a few years ago, but watching and stalking price action at significant turning zones is now the centerpiece of my trading.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #402
  • Sep 25, 2017 4:59am Sep 25, 2017 4:59am
Quoting KeenPips
Although I am bearish on this pair, I will wait for a break of the wedge on the H4 time frame, around the 133.285 area, before looking for a sell trading opportunity. I may be wrong. Trade safe and prosper. KP {quote}
Here's an update on this pair. The wedge on the H4 time frame has broken southward and moved over 80 pips. Will it move further southward? In my reckoning the next technical area to watch is the 130.600 handle, a natural target for bears.

I may be wrong. Trade safe and prosper.

KP


Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_Technical_Update_H4_25th_Sept.,_2017.png Size: 37 KB
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  • #403
  • Sep 27, 2017 4:49pm Sep 27, 2017 4:49pm
If you are tracking the USDCAD, realize that technically the pair is operating in an ascending channel. Although current price action is near the distal channel line, a minor resistance is around the 1.25314 area. Besides,on the H4 time frame the current price action is at the 61.8 Fib zone of the drop from the high of August 15, 2017 to the low of September 8, 2017. So a retracement southward is likely to be in the offing.

I may be wrong. Trade safe and prosper.

KP


Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_Technical_Update_H4_27th_Sept.,_2017.png Size: 37 KB
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  • #404
  • Sep 28, 2017 8:16am Sep 28, 2017 8:16am
Are you tracking the USDCAD? The price action has turned southward in line with the technical perspective highlighted here yesterday and quoted below.

I may be wrong. Trade safe and prosper.

KP

Quoting KeenPips
If you are tracking the USDCAD, realize that .... Although current price action is near the distal channel line, a minor resistance is around the 1.25314 area. Besides,on the H4 time frame the current price action is at the 61.8 Fib zone of the drop from the high of August 15, 2017 to the low of September 8, 2017. So a retracement southward is likely to be in the offing....{image}
Do your homework, follow the footprints of smart money
  • #405
  • Sep 28, 2017 9:00am Sep 28, 2017 9:00am
I will be watching this pair to see further southward move. It is apparent that the impulsive move on the H4 and D1 time frames is southward.

KP

Quoting KeenPips
Are you tracking the USDCAD? The price action has turned southward in line with the technical perspective highlighted here yesterday and quoted below. I may be wrong. Trade safe and prosper. KP {quote}
Do your homework, follow the footprints of smart money
  • #406
  • Sep 28, 2017 9:10am Sep 28, 2017 9:10am
Are you tracking XAUUSD (GOLD)? Gold is retesting the daily central pivot and an S/R flip zone. A rejection of this zone southward is likely to target the immediate minor support around the 1270.50 area.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GOLD_Technical_Update_D1_28th_Sept.,_2017.png Size: 31 KB
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  • #407
  • Sep 30, 2017 6:45pm Sep 30, 2017 6:45pm
The pairs I will be tracking the week beginning October 1, 2017 are AUDUSD and XAUUSD (GOLD) because there was clarity in price action on the pairs last week.

I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #408
  • Oct 1, 2017 5:20pm Oct 1, 2017 5:20pm
If you are tracking the AUDUSD, you may consider this technical perspective.

On the daily time frame, price action is operating within an ascending channel (bound by navy coloured lines) formed by the support trendline seen on the weekly time frame and a resistance trendline from the high of July 28, 2017. Two price waves have formed within the channel and third is in play from the distal channel line. The most recent price action has reached a significant support zone and this is in confluence with a support trendline (chocolate colour) from the low of June 1, 2017. The price action on Thursday and Friday last week was under the control of bulls and we may see a retracement to an area of value before further southward move. The target of such a retracement is likely to be the 0.79015 area, which is the immediate minor resistance on the daily time frame. However, should price action continue without a retracement, a break southward is likely to target the 0.77140 area.

Price action on the H4 timeframe is respecting a resistance trendline (magenta colour). The technicals are largely biased in favour of bears. Therefore, very much likely and based on the bgiger picture from the weekly and daily time frames, we may expect a southward continuation in the medium term. The immediate target of such a southward move is the 0.78700 area.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_Top-Down_Analysis_D1_1st_Oct.,_2017.png Size: 35 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_Top-Down_Analysis_H4_2_1st_Oct.,_2017.png Size: 36 KB
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  • #409
  • Oct 1, 2017 5:30pm Oct 1, 2017 5:30pm
Here's a technical perspective on GOLD (XAUUSD).

On the H4 time frame, price action is operating within a descending channel (bound in magenta-coloured lines) and the technical are pointing towards futher bearish move. But as the most recent price action on the H4 time frame saw the bull resisting further southward move, we may expect a brief pull back towards an area of value, perhaps around the 1290.90 – 1295.70 zone (bound by horizontal magenta-coloured lines) before the southward move continues. This zone is the immediate minor resistance and is in confluence with the 38.2/50 Fib zone of the most recent significant swing on the H4 time frame.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_Top-Down_Analysis_H4_1st_Oct.,_2017_001.png Size: 37 KB
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  • #410
  • Oct 1, 2017 5:32pm Oct 1, 2017 5:32pm
I am bearish on this pair but I will wait for a retest of the resistance trendline (magenta colour) on the H4 timeframe before looking for a sell trading opportunity. Also, a retracement upward to the 0.79015 area will offer me an opportunity to look for a sell trade.

I may be wrong. Trade safe and prosper.

KP

Quoting KeenPips
If you are tracking the AUDUSD, you may consider this technical perspective. On the daily time frame, price action is operating within an ascending channel (bound by navy coloured lines) formed by the support trendline seen on the weekly time frame and a resistance trendline from the high of July 28, 2017. Two price waves have formed within the channel and third is in play from the distal channel line. The most recent price action has reached a significant support zone and this is in confluence with a support trendline (chocolate colour) from the...
Do your homework, follow the footprints of smart money
  • #411
  • Oct 8, 2017 4:20pm Oct 8, 2017 4:20pm
I am bearish on the EURUSD. Here's why.

On the daily time frame, price action has ben ranging for over eight days after breaking the support trendline (chocolate colour) from the low of April 2017. The most recent price action is retracing upward and may target the 1.18225 area. On the H4 time frame, price action is makng a move upward into an area of value, it may target the 1.18510 area; which is proximal to the monthly central pivot. Nevertheless, we may expect a trendline (navy colour) from the high of August 20, 2017 to act as resitance. It will be interesting to see how price action behaves around this trendline.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Top-Down_Analysis_D1_8th_Oct.,_2017.png Size: 29 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Top-Down_Analysis_H4_8th_Oct.,_2017.png Size: 30 KB
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  • #412
  • Oct 8, 2017 4:45pm Oct 8, 2017 4:45pm
Are you tracking the GBPUSD for trading opportunities this week? Consider this top-down technical perspective.

On the daily time frame, price action is respecting a resistance trendline (navy colour) from the high of September 20, 2017. However, as the recent price action is a bit far from the trendline, we may expect a pullback to retest it before any further southward move. It should be noted that an ascending trendline (chocolate colour) from the low of March 14, 2017 is acting as support and could be a natural target for a bearish move. Should this support trendline break, price action is likely to target the next horizontal support around the 1.27115 area. The technicals on the daily time frame are disposed southward.

On the H4 time frame, price action has broken an inner support trendline (magenta colour) and heading towards a major support trendline (chocolate colour) seen on the daiy time frame. The last two sessions on Friday saw a bullish move to push price upward. Should the bulls succeed in this move, we may see a retracement to the immediate horizontal support around the 1.32000 area or a retest of the support trendline (magenta colour) turned resistance before price action heads southward with a potential, initial target being the major support trendline (chocolate colour), which may extend to the horizontal support around the 1.27115 area.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_Top-Down_Analysis_D1_8th_Oct.,_2017.png Size: 34 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_Top-Down_Analysis_H4_8th_Oct.,_2017.png Size: 33 KB
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  • #413
  • Oct 8, 2017 5:23pm Oct 8, 2017 5:23pm
I am bearish on this pair. I will wait for price action to retrace into the area between 1.18238 and 1.18668 (bound in magenta coloured lines) before looking for a sell trade. Also, should the resistance trendline (navy colour) on the H4 hold, this may provide a sell trading opportunity.

KP


Quoting KeenPips
Are you tracking the GBPUSD for trading opportunities this week? Consider this top-down technical perspective. On the daily time frame, price action is respecting a resistance trendline (navy colour) from the high of September 20, 2017. However, as the recent price action is a bit far from the trendline, we may expect a pullback to retest it before any further southward move. It should be noted that an ascending trendline (chocolate colour) from the low of March 14, 2017 is acting as support and could be a natural target for a bearish move. Should...
Do your homework, follow the footprints of smart money
  • #414
  • Oct 8, 2017 8:52pm Oct 8, 2017 8:52pm
Hi Keepips

Please share to indicator Pivot Point

Thank's
  • #415
  • Oct 8, 2017 11:22pm Oct 8, 2017 11:22pm
It's in MT4. Do a search in the MT4 for pivots.

Trade safe and prosper.

KP

Quoting mfarhan46
Hi Keepips Please share to indicator Pivot Point Thank's
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  • #416
  • Oct 15, 2017 3:48pm Oct 15, 2017 3:48pm
Here's a top-down technical perspective on the EURJPY.

On the daily time frame, price action has broken the support trendline (navy colour) from the low of April 14, 2017. Together with a resistance trendline (chocolate colour) from the high of July 11, 2017, it was apparent that price action has been operating in a wedge for quite a while. Although the wedge is apparently breached southward, a support trendline (magenta colour) from the highs formed between July and early September 2017 is still intact and will have to be breached before we can expect momentum for a bearish continuation. Should this happen, a likely target for such a bearish move is the 129.970 area, the origin of the most recent swing high. Otherwise, we may expect price action to move sideways for a while or retest the 133.800 area.

Price action was operating in a wedge on the H4 time frame for a long while in September and October. The wedge is not yet broken, particularly considering that the wedge support (dark violet colour) on the H4 time frame is still not decisively breached even though that of the D1 time frame (navy colour) has been breached. Therefore, we may expect a retracement, perhaps to retest the wedge resistance (red colour); although the support trendline on D1 turned resistance may be an initial target of such a retest. We may expect the 133.100/350 area to be a magnet of such a retracement before a turnaround for a bearish continuation materializes. The technicals on the H4 time frame are disposed southward..

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_Top-Down_Analysis_D1_15th_Oct.,_2017.png Size: 31 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_Top-Down_Analysis_H4_15th_Oct.,_2017.png Size: 38 KB
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  • #417
  • Oct 15, 2017 4:12pm Oct 15, 2017 4:12pm
Here's how I plan to trade this pair.

I am bearish on this pair. I will wait for a retracement to one of the significant resistance trendlines or the 133.100/350 area before looking for a sell trading opportunity. Specifically, I will look for a retracement into the zone between 133.065 and 133.345 (bound by magenta coloured horizontal lines on the H4 time frame) before looking for a sell trading opportunity.

I may be wrong. Trade safe and prosper.

KP

Quoting KeenPips
Here's a top-down technical perspective on the EURJPY. On the daily time frame, price action has broken the support trendline (navy colour) from the low of April 14, 2017. Together with a resistance trendline (chocolate colour) from the high of July 11, 2017, it was apparent that price action has been operating in a wedge for quite a while. Although the wedge is apparently breached southward, a support trendline (magenta colour) from the highs formed between July and early September 2017 is still intact and will have to be breached before we can...
Do your homework, follow the footprints of smart money
  • #418
  • Oct 17, 2017 11:53pm Oct 17, 2017 11:53pm
How we can trap the market to made profitable trade off trading. ?
  • #419
  • Oct 18, 2017 1:13am Oct 18, 2017 1:13am
There is no way to trap the market, in fact we are the ones who get trapped in market. You need to understand that if you wanna become successful, you need to have good amount of practice to survive in it.
  • #420
  • Oct 18, 2017 2:08am Oct 18, 2017 2:08am
Read posts #1 & 2 and learn how to trap market. You will also benefit from my
weekly technical outlook

Trade safe and prosper.

KP

Quoting Butterscotch
How we can trap the market to made profitable trade off trading. ?
Do your homework, follow the footprints of smart money
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