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Which pairs are you selling and why?

  • #41
  • Edited 8:14pm Apr 9, 2018 7:34pm | Edited 8:14pm
Noted. But whenever you post on this thread, please post only what you are selling, plan to sell or have a bearish bias on and tell us why.

Trade safe and prosper.

KP

Quoting Dakalo
{quote} I ended up buying, looking at the daily support and resistance
Do your homework, follow the footprints of smart money
  • #42
  • Edited 10:29pm Apr 9, 2018 8:57pm | Edited 10:29pm
bearish bias gbp jpy
selling higher, limit orders at 152.150 which is the 61.8% retracement of the yearly range mentioned by both actionforex and dailyfx (dailyfx sees 152.170) and am experimenting with my own 151.667 limit since it is 61.8% resistance level on the month pivot indicator edit, limit removed

selling this pair because it is correlated to the stock markets and because the pound is not stable cannot have confidence in it; 'like' the pound best of any currency usually but have to unlike it unless catch it very low - or very high in the case of the GBP CAD; only use limit orders to enter the markets
  • #43
  • Apr 10, 2018 12:10am Apr 10, 2018 12:10am
This is a better way to post here than your previous posts.

Trade safe and prosper.

KP

Quoting Greenstar
bearish bias gbp jpy selling higher, limit orders at 152.150 which is the 61.8% retracement of the yearly range mentioned by both actionforex and dailyfx (dailyfx sees 152.170) and am experimenting with my own 151.667 limit since it is 61.8% resistance level on the month pivot indicator edit, limit removed selling this pair because it is correlated to the stock markets and because the pound is not stable cannot have confidence in it; 'like' the pound best of any currency usually but have to unlike it unless catch it very low - or very high in the...
Do your homework, follow the footprints of smart money
  • #44
  • Edited 10:26pm Apr 10, 2018 9:08pm | Edited 10:26pm
selling eur jpy 132.480, triggered limit. Draghi speaks in around 9 hours. Syria update is expected in the US. [Edit closed. Reading further see that it won't matter because after the dip if Trump bombs, buyers will buy like the last time. Risk is still to the downside. New limit at 137.49 the February high.]
Quoting KeenPips
This is a better way to post here than your previous posts. Trade safe and prosper. KP {quote}
  • #45
  • Apr 11, 2018 9:56am Apr 11, 2018 9:56am
gbp jpy sell limit triggered over night: 152.177
  • #46
  • Edited 10:33am Apr 11, 2018 10:11am | Edited 10:33am
The Yen seems to be strengthening against its major peers. I am still bearish on USDJPY and NZDJPY

Trade safe and prosper.

KP

Quoting Greenstar
gbp jpy sell limit triggered over night: 152.177
Do your homework, follow the footprints of smart money
  • #47
  • Apr 12, 2018 1:48pm Apr 12, 2018 1:48pm
sold gbp jpy again at 152.8xxx several times, pair had retreated at 100 weekly retrace on a pivot point indicator and also received Hidden Selling on both 30 and hourly charts at the time and later on the 4hr - knowing it is Thursday and many do not trade on Friday, knowing Mark Carney speaks in Canada soon and he may not touch on monetary policy at the gathering he is addressing kept earlier trades open; indicator attached.
Quoting KeenPips
The Yen seems to be strengthening against its major peers. I am still bearish on USDJPY and NZDJPY Trade safe and prosper. KP {quote}
Attached File(s)
File Type: ex4 PT VSA Signals v2.2.ex4   15 KB | 628 downloads
  • #48
  • Apr 12, 2018 1:53pm Apr 12, 2018 1:53pm
Well done.

KP

Quoting Greenstar
sold gbp jpy again at 152.8xxx several times, pair had retreated at 100 weekly retrace on a pivot point indicator and also received Hidden Selling on both 30 and hourly charts at the time and later on the 4hr - knowing it is Thursday and many do not trade on Friday, knowing Mark Carney speaks in Canada soon and he may not touch on monetary policy at the gathering he is addressing kept earlier trades open; indicator attached. {quote} {file}
Do your homework, follow the footprints of smart money
  • #49
  • Apr 12, 2018 1:58pm Apr 12, 2018 1:58pm
when gonna this pair will fall? there are many bearish signal on 4H chart but all are false proved. whats your thought about Gbp/jpy? I m on short
  • #50
  • Apr 12, 2018 2:35pm Apr 12, 2018 2:35pm
USD/MXN and USD/ZAR, for carry trades. Might hop back into EUR/NZD, not sure.
  • #51
  • Apr 12, 2018 4:18pm Apr 12, 2018 4:18pm
Could you tell us why you are selling these pairs?

Trade safe and prosper.

KP

Quoting MisterWhite
USD/MXN and USD/ZAR, for carry trades. Might hop back into EUR/NZD, not sure.
Do your homework, follow the footprints of smart money
  • #52
  • Apr 12, 2018 4:35pm Apr 12, 2018 4:35pm
I am not bearish on this pair atm. I will wait for price action to reach the 160.370/164.240 area before looking for a southward turnaround and a sell trading opportunity. That area is in confluence with the 50 Fib retracement zone of the downward swing from the high of September 2015 to the low of October 2016.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_W1_Tech_Update_12th_Apr.,_2018.png Size: 43 KB


Quoting Situhin
when gonna this pair will fall? there are many bearish signal on 4H chart but all are false proved. whats your thought about Gbp/jpy? I m on short
Do your homework, follow the footprints of smart money
  • #53
  • Apr 12, 2018 4:42pm Apr 12, 2018 4:42pm
Quoting KeenPips
Could you tell us why you are selling these pairs? Trade safe and prosper. KP {quote}
Both appear to be in long-term downtrends (weekly chart). To be more specific, this NAFTA thing has been killing USD/CAD and USD/MXN. I might be wrong about ZAR, not sure. USD has been weakening for a while, now. NZD is strong, CHF is weak; I have long positions in NZD/CHF and AUD/CHF, also for carry trading.
  • #54
  • Apr 12, 2018 4:54pm Apr 12, 2018 4:54pm
Quoting MisterWhite
{quote} Both appear to be in long-term downtrends (weekly chart). To be more specific, this NAFTA thing has been killing USD/CAD and USD/MXN. I might be wrong about ZAR, not sure. ....
Noted.

Quoting MisterWhite
{quote} ....I have long positions in NZD/CHF and AUD/CHF, also for carry trading.
Please stay on topic; this thread is about shorts; not longs. Read post #1.

KP
Do your homework, follow the footprints of smart money
  • #55
  • Apr 12, 2018 4:57pm Apr 12, 2018 4:57pm
Quoting KeenPips
Please stay on topic; this thread is about shorts; not longs. Read post #1. KP
Give it a rest, it was a footnote.
  • #56
  • Apr 12, 2018 5:12pm Apr 12, 2018 5:12pm
Understood; nevertheless stay on topic.

KP

Quoting MisterWhite
{quote} Give it a rest, it was a footnote.
Do your homework, follow the footprints of smart money
  • #57
  • Edited 1:25pm Apr 15, 2018 12:48pm | Edited 1:25pm
I have just completed my pre-week analysis of pairs on my watch list. Based on my analysis, I will look for the opportunity to sell USDJPY, EURJPY and EURGBP this week. Although I had a technical bias on the sell side for USDJPY last week, price action retraced northward and the markets were generally ambivalent (sideways) so I stayed on the side lines. I am looking to sell the pair after the current northward retracement, which to me is a mere correction. I will give details later.

I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #58
  • Apr 15, 2018 1:41pm Apr 15, 2018 1:41pm
Before I give details on my technical bias towards the sell side on USDJPY, here's an update on NZDJPY. I set a sell limit order on the NZDJPY last week just near the 50 Fib retracement zone of a recent swing down on the weekly time frame and in an area which is in confluence with a horizontal resistance zone (79.673/81.286). It is also an area around the resistance line of a descending channel in which price action has been operating for a while. What happens to price action around the zone in the next few days will determine whether or not I leave the order open. Based on my swing trading strategy, as soon as the order is triggered, the resistance line around 81.286 will be set for my capital protection (aka stop loss order).

Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY_W1_Tech_Update_15th_Apr.,_2018.png Size: 52 KB


Quoting KeenPips
The Yen seems to be strengthening against its major peers. I am still bearish on USDJPY and NZDJPY Trade safe and prosper. KP {quote}
Do your homework, follow the footprints of smart money
  • #59
  • Apr 15, 2018 3:48pm Apr 15, 2018 3:48pm
Here's why I will look to selling USDJPY this week.

On the weekly time frame, in February 2018, price action broke down a horizontal channel (magenta) where it had operated for quite a long while. On the H4 time frame, price action is operating in an ascending triangle. The most recent price action printed two bearish candlesticks but the order flow is under the control of bulls. In the context of a weekly time frame with a bearish technical outlook and the longer descending trend on the H4 time frame (see trendline in red colour), price action is primarily on a corrective move to retest a broken support zone around the 108.260 area and perhaps flip the zone as resistance.

I look to sell the USDJPY upon a northward retracement of price action to an area of value; a likely area being 108.260 or 109.270.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_H4_Top-Down_15th_Apr.,_2018.png Size: 61 KB
Do your homework, follow the footprints of smart money
  • #60
  • Apr 15, 2018 3:56pm Apr 15, 2018 3:56pm
I will look for the opportunity to sell the EURJPY this week after a northward retracement of price action.

On the H4 time frame, price action is operating in an ascending wedge (blue). Giving the context of the major trend (looking left), there is likely to be a bearish turnaround after the corrective phase. The last three sessions last Friday printed three bearish candlesticks; but the order flow context is largely under the bulls. Besides, a micro support trendline (chocolate) is still in play. Nevertheless, there are a few barriers for bulls to scale: wedge resistance trendline, horizontal resistance (minor resistance around 133.180; major resistance around 134.250) and resistance trendline (magenta). On the other hand, should the micro support trendline (chocolate) be broken down by bears, they will have to contend with the minor horizontal support (dark orange) around the 131.795 area before heading for the wedge support trendline. A breakdown of the support trendline on at least a four-hourly basis, with a retest and zone flip, is likely to give the impetus for a bearish continuation.

I will look for a southward turnaround after bulls have been frustrated in their attempts to scale the northward barriers I identified. But as long as price action is still operating in the ascending wedge on the H4 time frame (blue), I will step aside. I prefer taking a sell trade from the 61.8 Fib area (around the 134.250 area) or a significant break of the wedge support on at least a four-hourly closing basis.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_H4_Top-Down_15th_Apr.,_2018.png Size: 65 KB
Do your homework, follow the footprints of smart money
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