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  • #1,161
  • Jul 13, 2018 8:09am Jul 13, 2018 8:09am
Finally, we got a swing high on H4
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the cautious seldom err....C
  • #1,162
  • Jul 13, 2018 5:31pm Jul 13, 2018 5:31pm
Quoting pips29
playing the fib 78.6+ QM {image}
I should have posted the daily chart instead of the 4 hour as the QM was based on that tf. I used the 4 hour chart to plot the fibs as it's easier than to use the daily..There were also 2 more "factors" which made me take the long, one being the adr was reached and two, a pivot level
the cautious seldom err....C
  • #1,163
  • Jul 13, 2018 5:46pm Jul 13, 2018 5:46pm
started this trade with the 15 min chart and owing to a confirmed swing high on the 4 hour I therefore adjusted my target accordingly. I had taken 2/3 off and with profits from u/y ( still have an added entry left),aussie trades yesterday and today and cable as well, Friday the thirtheen ended very well for me.
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the cautious seldom err....C
  • #1,164
  • Jul 13, 2018 9:48pm Jul 13, 2018 9:48pm
A video for weekend killing time...
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I agree.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,165
  • Jul 14, 2018 2:26am Jul 14, 2018 2:26am
Quoting heispark
{quote} Excellent choice! Both Gold and Yen are bottoming out IMHO.....
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,166
  • Jul 14, 2018 12:13pm Jul 14, 2018 12:13pm
Quoting pips29
{quote} this played out as I expected and price is now below the swing high...on the weekly as Emm. rightly pointed out a dbhlc candle has formed and was confirmed by a close lower yesterday...price has actually closed right at the 34 ema on the daily but I reckon it will trend lower in the coming week or subsequent weeks and finally reach the blue zone on my chart as it was this weekly candle that started the move up to 1.338 The first target I would be looking at is around 1.2920 I am not in a trade yet after closing my shorts last week.. On H4...
Following up on the loonie, I believe price will face downward pressure..on the weekly price has made new high but I need to see a new higher low before resuming with the uptrend..in the meantime the move is to the downside possibly ending at fib50 or 61.8,,,;; Fib 50 is 200 pips from price currently and fib 61.8 is 300 pips...if price gets to fib 78.6 I will chance a long...atm the direction I will be taking is short, I have yet to see 1.2920 which I mentioned last week and this level is between the fib50 and 61.8...as long as the aussie keeps climbing up (I have longs), I am quietly confident that's how the loonie will play out..trade safe
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the cautious seldom err....C
  • #1,167
  • Jul 14, 2018 12:49pm Jul 14, 2018 12:49pm
with the weekly close above the high of the candle printed on the 20th May, my stance is bullish with targets at the levels plotted in dark blue...however the close was just about 6 pips above that candle high and so I'm not 100% confident but I am inclined towards further move up..will see some pa before committing to a long..just a heads up is the cci above 0 level on all time frames
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the cautious seldom err....C
  • #1,168
  • Jul 14, 2018 1:08pm Jul 14, 2018 1:08pm
Quoting pips29
taking a long here...on the weekly a double bottom was printed and bullish candles were printed, the last one being smallish...I believe this week will print a much bigger candle in view of the upcoming rate announcement on Wed., it helps when price is above the 34 ema on the daily and looking at the dashboard price is above the 10 ema on the various time frames..on H4 we see bullish action + cci is above 0 level, I also put up a 15 min chart for easy viewing..please note I am anticipating bullish data from Cad and pa is saying so too {image} {image}...
Last week I mentioned a bullish close and a bigger candle and it did happened..will the uptrend continue? possibly if price can overcome the nearby resistence on the daily..there is a nice area of supply higher up
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the cautious seldom err....C
  • #1,169
  • Jul 14, 2018 1:20pm Jul 14, 2018 1:20pm
I have not traded much with this new account but will be doing more come August when esma rules are in force.This is an Aussie broker..results so far
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the cautious seldom err....C
  • #1,170
  • Jul 14, 2018 6:11pm Jul 14, 2018 6:11pm
Quoting pips29
I have not traded much with this new account but will be doing more come August when esma rules are in force.This is an Aussie broker..results so far {image}
Beautiful! You make me green, cult leader green...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,171
  • Jul 15, 2018 4:17am Jul 15, 2018 4:17am
Quoting pips29
with the weekly close above the high of the candle printed on the 20th May, my stance is bullish with targets at the levels plotted in dark blue...however the close was just about 6 pips above that candle high and so I'm not 100% confident but I am inclined towards further move up..will see some pa before committing to a long..just a heads up is the cci above 0 level on all time frames {image}
I think it would work. Commodities in general are in way oversold condition currently.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,172
  • Edited 7:23pm Jul 15, 2018 6:41pm | Edited 7:23pm
This is forecast for this week from scorpionfx which Neils mentioned. Somewhat different what I am thinking.... Anyway, let me have a look.
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According to his theory (opposite to retails, over 5K lots), UJ and EJ have high provability of going up....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,173
  • Jul 15, 2018 8:22pm Jul 15, 2018 8:22pm
I like this idea from Nial Fuller:
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,174
  • Jul 16, 2018 3:01am Jul 16, 2018 3:01am
just gone short
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the cautious seldom err....C
  • #1,175
  • Jul 16, 2018 6:19am Jul 16, 2018 6:19am
my swissy trade taken off at revised target
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the cautious seldom err....C
  • #1,176
  • Edited 8:23am Jul 16, 2018 6:25am | Edited 8:23am
added an entry and stops are in place EDit: stopped out +18
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the cautious seldom err....C
  • #1,177
  • Jul 16, 2018 8:21am Jul 16, 2018 8:21am
Quoting pips29
{quote} Last week I mentioned a bullish close and a bigger candle and it did happened..will the uptrend continue? possibly if price can overcome the nearby resistence on the daily..there is a nice area of supply higher up {image} {image}
fed up of waiting and going in now
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the cautious seldom err....C
  • #1,178
  • Jul 16, 2018 8:52am Jul 16, 2018 8:52am
UJ small punt risking 10 pips....
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,179
  • Jul 16, 2018 8:53am Jul 16, 2018 8:53am
gone long the dragon
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the cautious seldom err....C
  • #1,180
  • Jul 16, 2018 8:56am Jul 16, 2018 8:56am
oh damn..accidentally took the whole thing out
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the cautious seldom err....C
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