Breakout London Timeframe

ok, now USD getting stronger.

you can see from the attachment.

USDJPY

hit my SL

now it is heading up back

EURNZD

H4 timeframe.

short it

NZDUSD

it is now in range mode.

not much movement..

still in bearish mode.

good to monitor whether the USD still maintain the bullish mode..

USDCAD

What do you see on this pair?

Yes, you are right!

it is range mode for a quite some time..

Between 1.28-1.29

beware of the NAFTA news outcome!

NZD


NZD remain not much surprising outcome coming this week.

I will continue short it.

(Remark: get prepared for the unexpected)

Oil surges on threat to Venezuela's PDVSA, Iran worries

is the price going to 80???

Hi Ivy,

Any trade that you would like to share here?
TQ

Hi Monokl,

This two week a bit busy, no trading. Just lurking around FF

Love to read your post

Green pips to you
Ivy

Hi Ivy,

great to hear!

green pips!

Double Crossovers

Two moving averages can be used together to generate crossover signals. Double crossovers involve one relatively short moving average and one relatively long moving average. As with all moving averages, the general length of the moving average defines the timeframe for the system. A system using a 5-day EMA and 35-day EMA would be deemed short-term. A system using a 50-day SMA and 200-day SMA would be deemed medium-term, perhaps even long-term.

A bullish crossover occurs when the shorter moving average crosses above the longer moving average. This is also known as a golden cross. A bearish crossover occurs when the shorter moving average crosses below the longer moving average. This is known as a dead cross.

Moving average crossovers produce relatively late signals. After all, the system employs two lagging indicators. The longer the moving average periods, the greater the lag in the signals. These signals work great when a good trend takes hold. However, a moving average crossover system will produce lots of whipsaws in the absence of a strong trend.

There is also a triple crossover method that involves three moving averages. Again, a signal is generated when the shortest moving average crosses the two longer moving averages. A simple triple crossover system might involve 5-day, 10-day, and 20-day moving averages.

Candlestick Chart Patterns

Engulfing (Bullish)

Bullish Engulfing pattern is formed when a small solid Candlestick is followed by a large hollow Candlestick which completely 'engulfs' the smaller Candlestick. It indicates that the buyers have taken control of a stock's price movement from the sellers.

Engulfing (Bearish)

Bearish Engulfing pattern is formed when a small hollow Candlestick is followed by a large solid Candlestick which completely ‘engulfs’ the smaller Candlestick. It indicates that the sellers have taken control of a stock’s price movement from the buyers.

Hammer (Bullish)

Hammer candlestick is formed when a stock moves significantly lower than the opening price but rallies in the day to close above or near the opening price.

Shooting Star (Bullish)

Shooting Star candlestick is formed when a stock moves significantly higher than the opening price but rallies in the day to close below or near the opening price. It is an inverted Hammer.

Doji

Doji candlesticks form when a stock's open and close are almost equal. The length of the upper and lower shadows can vary, and the resulting candlestick looks like a cross, an inverted cross, or a plus sign. A Doji indicates a sense of indecision between buyers and sellers.

Reversal

NZDCAD

h4 timeframe.

I see a bearish engulfing in my chart.

Trade wisely..I just use small lot to take position here...

Remember that I still have other positive positions.

How about you?