Which pairs are you selling and why? | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Which pairs are you buying and why? 52 replies

Which pairs do you trade? 0 replies

If you could choose 4, 6 or 8 pairs, which would they be? 6 replies

Which Indicators to Which Pairs ?? 17 replies

which pairs to watch at which open/close 5 replies

Attachments: Which pairs are you selling and why?
Exit Attachments

Which pairs are you selling and why?

  • #1
  • First Post: Edited May 23, 2019 5:56pm Apr 1, 2018 4:53am | Edited May 23, 2019 5:56pm
I am a short term swing trader. I trade from identified turning points, zones and pivots and hold my trades for days or weeks. Many of my trades are sell trades; perhaps, because the pairs that appeal to me and are on my watch list tend to be fast moving pairs and I look for a positive swap.

This thread is focused on sharing trades, information, ideas, charts and analyses on pairs that have potential for sell trading opportunities. Which pairs are you selling and why? Contributors should only post pairs they are selling, plan to sell or on which they hold a bearish bias. This thread is not about what you are buying, plan to buy or which pairs you have a bullish bias on. If you want to submit posts on buy trades or on pairs you hold bullish bias on, click ‘which pairs are you buying and why?’

Furthermore, this thread is not about who is right, nor is it for ego or self-promotion.


This thread is not for signal service and should not be used to promote any commercial interest.

KP
Do your homework, follow the footprints of smart money
  • #2
  • Apr 1, 2018 4:55am Apr 1, 2018 4:55am
Currently, I have 11 pairs on my watch list plus Gold in USD. Among the pairs on my watch list, during this week I will look for the opportunity to sell these pairs: EURUSD, GBPUSD, GBPAUD, GBPCAD and USDJPY.

In the next post, I will provide a short brief on why I am bearish on one of the pairs.

I may be wrong.

KP
Do your homework, follow the footprints of smart money
  • #3
  • Apr 1, 2018 9:41am Apr 1, 2018 9:41am
I see the last to be a sell signal on gbpjpy. What worries me is the close prise is higher than the average one?
Attached Image (click to enlarge)
Click to Enlarge Name: BF982028-1F56-44C6-B345-B83C2B531ED5.png Size: 153 KB

The last time there was like 120-140 pips downwards. See the cross.
Attached Image (click to enlarge)
Click to Enlarge Name: EFC67D7C-9D49-4B82-A916-471B3819B4A6.png Size: 167 KB
Maadik Hugiis. IQ 69.
  • #4
  • Apr 1, 2018 10:02am Apr 1, 2018 10:02am
Quoting MoneyZilla
I see the last to be a sell signal on gbpjpy. What worries me is the close prise is higher than the average one? {image} The last time there was like 120-140 pips downwards. See the cross. {image}
Maybe this will help
Attached Image (click to enlarge)
Click to Enlarge Name: B0925297-DB65-45E4-A97E-5A84F77F0340.png Size: 221 KB
  • #5
  • Apr 1, 2018 4:18pm Apr 1, 2018 4:18pm
I will look for a sell trading opportunity on the USDJPY this week. Here's why, based on my technical analysis.

Price action on the pair has been southward bound for a while, particularly since December 2016 after the 78.6 Fib retracement of the downward swing from the high of June 2015 to the low of June 2016. On the H4 time frame, price action is respecting a descending trendline from the high of January 8, 2018. Current price action is located at the horizontal support around the 105.130 area. Should price break down the support zone on at least a four-hourly closing basis and flip the zone on a retest, we are likely to have a strong momentum for a southward move. The technicals on the H4 time frame are in favour of bears. The 103.870 area may be attractive to bears as a target.

I may be wrong.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_H4_Top-Down_1st_Apr.,_2018.png Size: 49 KB
Do your homework, follow the footprints of smart money
  • #6
  • Edited 4:35pm Apr 1, 2018 4:25pm | Edited 4:35pm
Quoting KeenPips
I will look for a sell trading opportunity on the USDJPY this week. Here's why, based on my technical analysis. Price action on the pair has been southward bound for a while, particularly since December 2016 after the 78.6 Fib retracement of the downward swing from the high of June 2015 to the low of June 2016. On the H4 time frame, price action is respecting a descending trendline from the high of January 8, 2018. Current price action is located at the horizontal support around the 105.130 area. Should price break down the support zone on at least...
not looking to sell this buddy
Attached Image (click to enlarge)
Click to Enlarge Name: D7287E14-3A6B-4237-A8F3-51A37AE60892.png Size: 205 KB
  • #7
  • Apr 1, 2018 4:27pm Apr 1, 2018 4:27pm
GBPCAD is attractive to me for a sell trade this week. An evening star formation appeared to have formed on the weekly time frame during the past two weeks. The bearish pinbar formed last week, particularly at an area in confluence with a horizontal support zone, is likely to be a signal for bears to consider a further southward move. Bears may seek to test the low of the bullish control candlestick formed three weeks ago. The level, around 1.77390, coincides with the 38.2 Fib retracement zone of the downward swing from the high of January 2016 to the low of October 2016 and a horizontal support. The fact that price action is too far from the mean and from an active support trendline (navy) is technically supportive of the likelihood of a southward turnaround; a reversion to the mean or to test the support trendline.

On the H4 time frame, price action is operating in an ascending channel (red). Three price waves have formed in the channel and a fourth has moved southward and in a consolidation mode around channel support. We may expect further move southward to complete the fourth wave and the technicals are in support. A likely target of bears is the horizontal support around the 1.78940 area.

I may be wrong.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD_W1_Top-Down_1st_Apr.,_2018.png Size: 48 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD_H4_Top-Down_1st_Apr.,_2018.png Size: 53 KB
Do your homework, follow the footprints of smart money
  • #8
  • Apr 1, 2018 4:47pm Apr 1, 2018 4:47pm
Please read post #1.

This thread is about pairs posters here are selling, plan to sell or have a bearish bias on. Tell us which pairs you are selling, plan to sell or have a bearish bias on. This thread is not about who is right, it is not for ego or self-promotion. It is also not about what you are buying, plan to buy or have a bullish bias on.

KP

Quoting Neil0163
{quote} not looking to sell this buddy {image}
Do your homework, follow the footprints of smart money
  • #9
  • Apr 1, 2018 5:11pm Apr 1, 2018 5:11pm
Quoting KeenPips
Please read post #1. This thread is about pairs posters here are selling, plan to sell or have a bearish bias on. Tell us which pairs you are selling, plan to sell or have a bearish bias on. This thread is not about who is right, it is not for ego or self-promotion. It is also not about what you are buying, plan to buy or have a bullish bias on. KP {quote}
No worries just trying to save you a bit of money,
anyway im selling GJ and GU nice bearish flag building on GJ and a M pattern on GU.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: B2862190-FA01-4A33-B0A5-AAF3E4C070CA.png Size: 231 KB
Click to Enlarge Name: E175326F-24A3-48A3-A84B-50F646007466.png Size: 232 KB
  • #10
  • Apr 1, 2018 5:19pm Apr 1, 2018 5:19pm
Thank you. One piece of information you may not find here, and which is not a focus of this thread and not required, is when the poster will enter a trade and the setup they are looking for; which will depend on the individual's trading style and strategy.

KP

Quoting Neil0163
{quote}....im selling GJ and GU nice bearish flag building on GJ and a M pattern on GU. {image} {image}
Do your homework, follow the footprints of smart money
  • #11
  • Apr 1, 2018 5:22pm Apr 1, 2018 5:22pm
Quoting KeenPips
Thank you. One piece of information you may not find here, and which is not a focus of this thread and not required, is when the poster will enter a trade and the setup they are looking for; which will depend on the individual's trading style and strategy. KP {quote}
yeah that’s just drawn on my chart so I can keep track on what I’m looking at lol
  • #12
  • Apr 1, 2018 5:26pm Apr 1, 2018 5:26pm
Nothing wrong with your charts mate. The annotation is fine.

KP

Quoting Neil0163
{quote} yeah that’s just drawn on my chart so I can keep track on what I’m looking at lol
Do your homework, follow the footprints of smart money
  • #13
  • Apr 2, 2018 3:01am Apr 2, 2018 3:01am
I've always been curious about peoples bias to buy or sell. I tend to find many more selling than buying opportunities. I wonder if it is significant or says something about a trading style. I have more success with a bearish bias. Maybe its a mindset that you get used to seeing patterns/structure that indicates a short.

KP why do you only look to sell.....have you found more success that way? Just curious....

Cheers
Its all just one persons opinion
  • #14
  • Apr 2, 2018 4:07am Apr 2, 2018 4:07am
Read post #1.

KP

Quoting axecap
...KP why do you only look to sell.....have you found more success that way? Just curious.... Cheers
Do your homework, follow the footprints of smart money
  • #15
  • Apr 2, 2018 7:57am Apr 2, 2018 7:57am
Quoting Neil0163
im selling GJ
I would agree. GJ currently looks like a no-brainer for getting into bearish mode. The monthly open makes this bear flag look ripe for completion with a nice fresh bearish swing point printed.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYMonthly.png Size: 10 KB


Main question for me at this point is timeframe. I'll probably watch and enter on H4 if a signal sets up.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 13 KB
  • #16
  • Apr 2, 2018 10:11am Apr 2, 2018 10:11am
Quoting simond2002
{quote} I would agree. GJ currently looks like a no-brainer for getting into bearish mode. The monthly open makes this bear flag look ripe for completion with a nice fresh bearish swing point printed. {image} Main question for me at this point is timeframe. I'll probably watch and enter on H4 if a signal sets up. {image}
yeah I’ll take entry of the trendline break on ascending channel after it breaks and pulls back or an engulfing in my fib zone
all in 4 hour
  • #17
  • Apr 3, 2018 3:13am Apr 3, 2018 3:13am
A northward retracement to the immediate resistance around the 108.130 area will be watched by me for a sell setup on the H4 time frame.

KP

Quoting KeenPips
I will look for a sell trading opportunity on the USDJPY this week. Here's why, based on my technical analysis. Price action on the pair has been southward bound for a while, particularly since December 2016 after the 78.6 Fib retracement of the downward swing from the high of June 2015 to the low of June 2016. On the H4 time frame, price action is respecting a descending trendline from the high of January 8, 2018. Current price action is located at the horizontal support around the 105.130 area. Should price break down the support zone on at least...
Do your homework, follow the footprints of smart money
  • #18
  • Apr 4, 2018 5:51am Apr 4, 2018 5:51am
In the last few weeks, sold many FB Stocks (according to the news)
  • #19
  • Apr 4, 2018 5:15pm Apr 4, 2018 5:15pm
Quoting KeenPips
This thread is focused on sharing trades, information, ideas, charts and analyses on pairs that have potential for sell trading opportunities. Which pairs are you selling and why? Contributors should only post pairs they are selling, plan to sell or on which they hold a bearish bias.
//------

selling now and have been, the eurusd, eurnzd, euraud and to a lessor extent the eurcad..... all eurgbp short trades have closed, awaiting another short signal.....

currently underwater but holding my breath with eurjpy short..... it happens....

reasons are , technical trend changes, trend line resistance , fibonacci areas and chart formations such as bearish ab cd patterns..... or combinations of those.....

not to be taken as trading advice......h
//----
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurnzd-d1-oanda-division1.png Size: 58 KB
Click to Enlarge Name: euraud-d1-oanda-division1-bearish-ab-cd.png Size: 49 KB
Click to Enlarge Name: eurusd-mn1-oanda-division1-43200.png Size: 53 KB
to trade and code, keep both simple... no call to impress....h
  • #20
  • Apr 4, 2018 5:40pm Apr 4, 2018 5:40pm
Quoting KeenPips
Contributors should only post pairs they are selling, plan to sell or on which they hold a bearish bias.
//----

not in it now but still shorting, perhaps once a week, the audnzd on 240 chart swings even though the risk to reward is too high...... weekly chart nearing lower trend line.....

my bearish bias will become neutral within 2 weeks or that line...... whichever comes first......h
//-----
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd-w1-oanda-division1-nearing-lower-trend-line.png Size: 64 KB
to trade and code, keep both simple... no call to impress....h
0 traders viewing now