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  • #1,701
  • Oct 30, 2017 7:25am Oct 30, 2017 7:25am
If you refer to Fib 61.8%, I believe it would crash more than that. Double Tops had been formed there. Whether it would work or not having better sl is part of what I find interesting. If it would fail it should break above the shooting star high
Make all mistakes in demo and rain in pips in live account
  • #1,702
  • Oct 30, 2017 9:56am Oct 30, 2017 9:56am
Quoting 9jatrader
If you can remember, I said sometime ago that EURGBP correlated pair, GBPCHF formed bullish engulfing above Fibonacci level 38.2%. Today's candle still formed above it and also strongly rejected the lower band by forming strong hammer, having "Bullish Body". Having bullish body indicates that it has strong probability/momentum to fly. I might be wrong, but market is always right.
The hammer did great job so far. It's romancing with Fib 0.0% and resistance 1.315114 not broken since October 2016
Make all mistakes in demo and rain in pips in live account
  • #1,703
  • Oct 30, 2017 9:58am Oct 30, 2017 9:58am
Will it form double tops or breakout??????
Make all mistakes in demo and rain in pips in live account
  • #1,704
  • Oct 30, 2017 11:02am Oct 30, 2017 11:02am
Quoting 9jatrader
{quote} I have joined the USDJPY bears and see how it goes
Though the setup is strong closing below Bollinger middle band would have more confidence. Middle band can be a potential support for short trade setup
Make all mistakes in demo and rain in pips in live account
  • #1,705
  • Oct 30, 2017 11:58am Oct 30, 2017 11:58am
Quoting 9jatrader
AUDCHF and AUDJPY returned to where the previous setup was made as expected. While AUDCHF formed a weak Tweezer Tops, AUDJPY formed engulfing, though not supported by upper band breakout
AUDJPY doing some great move on lower band. AUDUSD moved faster than AUDJPY, though they formed same setup
Make all mistakes in demo and rain in pips in live account
  • #1,706
  • Oct 30, 2017 12:04pm Oct 30, 2017 12:04pm
What is GBPCHF going to do???? It's reacting to the resistance and Fibo 0.0% like shock.
Make all mistakes in demo and rain in pips in live account
  • #1,707
  • Oct 31, 2017 4:57am Oct 31, 2017 4:57am
Quoting 9jatrader
{quote} Though the setup is strong closing below Bollinger middle band would have more confidence. Middle band can be a potential support for short trade setup
As expected middle band remains a barrier.
Make all mistakes in demo and rain in pips in live account
  • #1,708
  • Oct 31, 2017 5:14am Oct 31, 2017 5:14am
Bollinger Bands is one of the most popular default trading indicators! No doubt, it’s useful on rangy market! But I seem, only depending on any particular trading too is not enough here! Without enough fundamental knowledge it’s really complicated to exist here.
  • #1,709
  • Oct 31, 2017 11:56am Oct 31, 2017 11:56am
Quoting 9jatrader
What is GBPCHF going to do???? It's reacting to the resistance and Fibo 0.0% like shock.
Great breakout of the levels. Am scared because it has been trending for too long. And besides I still have my EURGBP short, 409 pips down for now. They are negatively correlated
Make all mistakes in demo and rain in pips in live account
  • #1,710
  • Oct 31, 2017 12:00pm Oct 31, 2017 12:00pm
Quoting 9jatrader
{quote} Great breakout of the levels. Am scared because it has been trending for too long. And besides I still have my EURGBP short, 409 pips down for now. They are negatively correlated
I mean that am not adding position, 890 pips up since the Pinbar I shared
Make all mistakes in demo and rain in pips in live account
  • #1,711
  • Oct 31, 2017 12:05pm Oct 31, 2017 12:05pm
Quoting 9jatrader
We would see how USDJPY long and GBPCHF long would move. I was late on GBPJPY and so had to ignore it and focus on the two
Here was the GBPCHF
Make all mistakes in demo and rain in pips in live account
  • #1,712
  • Oct 31, 2017 1:41pm Oct 31, 2017 1:41pm
Quoting NeilWagner
Bollinger Bands is one of the most popular default trading indicators! No doubt, it’s useful on rangy market! But I seem, only depending on any particular trading too is not enough here! Without enough fundamental knowledge it’s really complicated to exist here.
Any new thing may be complicated. Bollinger bands trading is not complicated.
Make all mistakes in demo and rain in pips in live account
  • #1,713
  • Oct 31, 2017 1:50pm Oct 31, 2017 1:50pm
Quoting 9jatrader
EURCAD is further complimented by the main strategy here, the weekly closed above the middle band while the daily not only closed above the upper band, but formed hammer
Its gradually moving up following strong retracement.
Make all mistakes in demo and rain in pips in live account
  • #1,714
  • Oct 31, 2017 1:59pm Oct 31, 2017 1:59pm
Information about currency correlation can really be a great help in assisting us to trade better. GBP and USD are like twin brothers; EURO and CHF like bread and butter. NZD and AUD like Tom and Jerry
GBPCAD and USDCAD form same and are moving. Glad to catch them
Make all mistakes in demo and rain in pips in live account
  • #1,715
  • Nov 1, 2017 12:22pm Nov 1, 2017 12:22pm
Am scared now on my AUDUSD short. The weekly rejecting lower band and the correlated pair, NZDUSD on strong support and stochastic left oversold
Make all mistakes in demo and rain in pips in live account
  • #1,716
  • Nov 1, 2017 12:24pm Nov 1, 2017 12:24pm
It would be great to catch either NZDUSD and AUDUSD long. Positive swap would be great
Make all mistakes in demo and rain in pips in live account
  • #1,717
  • Nov 1, 2017 12:27pm Nov 1, 2017 12:27pm
353 pips not bad since the Gravestone doji setup. Hope to exit soon
Make all mistakes in demo and rain in pips in live account
  • #1,718
  • Nov 1, 2017 4:58pm Nov 1, 2017 4:58pm
Am finally out of AUDUSD short. It may go into consolidation
Attached Image (click to enlarge)
Click to Enlarge Name: audusdq.png Size: 42 KB
Make all mistakes in demo and rain in pips in live account
  • #1,719
  • Nov 1, 2017 4:59pm Nov 1, 2017 4:59pm
I don't want swap to eat up the profit
Make all mistakes in demo and rain in pips in live account
  • #1,720
  • Nov 1, 2017 11:08pm Nov 1, 2017 11:08pm
Quoting 9jatrader
Am scared now on my AUDUSD short. The weekly rejecting lower band and the correlated pair, NZDUSD on strong support and stochastic left oversold
I have already joined the NZDUSD bulls. I have to skip AUDUSD because the the upper band is too close. At least before NZDUSD gets to upper band it would have made something great for me
Make all mistakes in demo and rain in pips in live account
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