Which pairs are you selling and why? | Page 13 | Forex Factory

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Which pairs are you selling and why?

  • #241
  • Jul 1, 2018 4:36pm Jul 1, 2018 4:36pm
Good luck in your trade. Could you tell us why you are selling USDCAD?

KP

Quoting bigiivan
Me too. I will sell USD/CAD with stop above 1,3269.
Do your homework, follow the footprints of smart money
  • #242
  • Jul 2, 2018 2:43am Jul 2, 2018 2:43am
Quoting KeenPips
Good luck in your trade. Could you tell us why you are selling USDCAD? KP {quote}
I trade with clear graphics. Just watch a movement and take a little help with a few setups. Now I see a sell-signal and only the time will show am I right.
  • #243
  • Jul 2, 2018 9:10am Jul 2, 2018 9:10am
Gosh .. i really crazy about EurUsd right now.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.H1.png Size: 44 KB
  • #244
  • Jul 3, 2018 2:10am Jul 3, 2018 2:10am
Quoting KeenPips
Good luck in your trade. Could you tell us why you are selling USDCAD? KP {quote}
It seems like CAD/USD going down today. First target is 1,3130. What do You think, Keen?
  • #245
  • Jul 3, 2018 3:19am Jul 3, 2018 3:19am
Agreed mate. It is at the moment. If you are an intra-day trader, you may use the H4 time frame to check the market mode. See attached. I'm a swing trader and operate mainly with the W1 time frame for bigger technical picture.

Trade safe.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_H4_3rd_July,_2018_Tech_Update.png Size: 43 KB


Quoting bigiivan
{quote} It seems like CAD/USD going down today. First target is 1,3130. What do You think, Keen?
Do your homework, follow the footprints of smart money
  • #246
  • Jul 3, 2018 3:28am Jul 3, 2018 3:28am
Quoting KeenPips
Agreed mate. It is at the moment. If you are an intra-day trader, you may use the H4 time frame to check the market mode. See attached. I'm a swing trader and operate mainly with the W1 time frame for bigger technical picture. Trade safe. KP {image} {quote}
I trade mainly on H1, but use also M30 and H4. Daily and weekly frames are too long for me because of the news and the date everyday.
What is the purple line on 1,30414 on your image?
  • #247
  • Jul 4, 2018 2:12am Jul 4, 2018 2:12am
Quoting KeenPips
Agreed mate. It is at the moment. If you are an intra-day trader, you may use the H4 time frame to check the market mode. See attached. I'm a swing trader and operate mainly with the W1 time frame for bigger technical picture. Trade safe. KP {image} {quote}
Keen, the first target is taken.
But I think there is more room to go down. I am still in.
  • #248
  • Jul 8, 2018 4:01pm Jul 8, 2018 4:01pm
I am bearish on the AUDUSD market although price action on the H4 time frame is now bearing northward. Given the technical outlook on both the MN and W1 time frames, we may expect bulls to go for a retest of a broken down ascending channel (black) before a potential southward turnaround. The 0.76160/0.76710 area is a horizontal resistance and very much in confluence with the breached channel support; which is likely to be a place to watch for potential sell trading opportunity. As the market can do whatever it chooses, we may see a possible southward turnaround near the minor horizontal resistance around the 0.74840 area (magenta), which is near the 50 Fib retracement of the most recent downward swing on the H4 time frame.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_H4_8th_July,_2018_Top_Down.png Size: 54 KB
Do your homework, follow the footprints of smart money
  • #249
  • Jul 8, 2018 4:09pm Jul 8, 2018 4:09pm
I am bearish on the AUDUSD, although the short-term market mode is bullish. I will wait for a southward turnaround upon the northward move. A bearish setup on a daily closing basis around the 0.75290/0.76160 area will be of interest to me. Of course, as the market decides what it does, a southward turnaround near the minor horizontal resistance around the 0.74840 area, which is near the 50 Fib retracement of the most recent downward swing on the H4 time frame, is likely to offer a feasible sell trading opportunity. At any rate, as a swing trader, I am not trading the AUDUSD market on the buy side.

KP

Quoting KeenPips
I am bearish on the AUDUSD market although price action on the H4 time frame is now bearing northward. Given the technical outlook on both the MN and W1 time frames, we may expect bulls to go for a retest of a broken down ascending channel (black) before a potential southward turnaround. The 0.76160/0.76710 area is a horizontal resistance and very much in confluence with the breached channel support; which is likely to be a place to watch for potential sell trading opportunity. As the market can do whatever it chooses, we may see a possible southward...
Do your homework, follow the footprints of smart money
  • #250
  • Jul 11, 2018 4:11am Jul 11, 2018 4:11am
Sell EUR/USD.
Maybe I will close on 1,169000000000000
Attached Image (click to enlarge)
Click to Enlarge Name: 657864.png Size: 20 KB
  • #251
  • Jul 11, 2018 5:04am Jul 11, 2018 5:04am
Analyzing the market with a view to getting a sound basis for your trade is very helpful. This is why you should post on your trades with a reason for each trade taken or being considered.

KP

Quoting bigiivan
Sell EUR/USD. Maybe I will close on 1,169000000000000 {image}
Do your homework, follow the footprints of smart money
  • #252
  • Jul 11, 2018 5:20am Jul 11, 2018 5:20am
Quoting KeenPips
Analyzing the market with a view to getting a sound basis for your trade is very helpful. This is why you should post on your trades with a reason for each trade taken or being considered. KP {quote}
I don't use anything on my graphics (any indicators, any trendline, any supportlines or other). Just see the market and make a desicion wich way to take. Trade on H4,H1 and M30. Enter for about 20 pips stop or profit and get fast out.
  • #253
  • Jul 11, 2018 5:32am Jul 11, 2018 5:32am
Short GBP/USD on 1,3235;
Target -20 pips;
Stop- 20 pips.
  • #254
  • Jul 11, 2018 5:45am Jul 11, 2018 5:45am
Analysis of the market is not only about using indicators on your charts. At least you need to know and understand what the charts are telling you and at one point you will make a trading decision. This thread, like my other threads, is about helping traders be better traders and gaining a mastery of the market.

Trade safe and prosper.

KP

Quoting bigiivan
{quote} I don't use anything on my graphics (any indicators, any trendline, any supportlines or other). Just see the market and make a desicion wich way to take. Trade on H4,H1 and M30. Enter for about 20 pips stop or profit and get fast out.
Do your homework, follow the footprints of smart money
  • #255
  • Jul 15, 2018 4:05pm Jul 15, 2018 4:05pm
I will be tracking Gold for a sell trading opportunity this week. Here's why, from a technical perspective.

On the H4 time frame, the order flow is in favour of bears. A minor descending trendline (magenta) is in play and the technicals are synced southward but the market mode is a consolidation. Towards the end of last Friday sessions, price action was slightly influenced by bulls but the two candlesticks printed were small in size. Nevertheless, should bulls attempt to push price action northward in the early part of this week, we may see them target the minor horizontal resistance around 1250.08/1257.06 (bound by horizontal magenta lines) or the minor descending trendline (magenta) before a southward turnaround. Failure on the part of bulls may see bears seize the initiative after a sideways operation. An initial target of bears is likely to be the horizontal support around 1213.90.

I will wait for the market to show me its disposition after Monday session. I expect a northward retracement to a mean area first before considering a sell trading opportunity.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_H4_Top-Down_15th_July,_2018.png Size: 50 KB
Do your homework, follow the footprints of smart money
  • #256
  • Jul 15, 2018 8:25pm Jul 15, 2018 8:25pm
KP
Your posts are very informative and educative. Noobs like us will surely benefit from your analyses.
Thanks for our services!
  • #257
  • Jul 15, 2018 9:09pm Jul 15, 2018 9:09pm
Thanks mate.

Trade safe.

KP

Quoting Thirasara
KP Your posts are very informative and educative. Noobs like us will surely benefit from your analyses. Thanks for our services!
Do your homework, follow the footprints of smart money
  • #258
  • Jul 22, 2018 4:27pm Jul 22, 2018 4:27pm
I am holding a bearish technical perspective on AUDUSD this week. On the daily time frame, a horizontal channel (magenta) is apparent, covering the 0.73260/0.74870 range. Although the bullish candlestick printed last week Friday may see bulls take price action to the channel resistance in the early part of this week, we are likely to see a southward turnaround in that area or around the descending trendline (blue) from recent highs. This southward turnaround is what I will be gunning for.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_D1_22nd_July,_2018.png Size: 56 KB
Do your homework, follow the footprints of smart money
  • #259
  • Jul 22, 2018 8:49pm Jul 22, 2018 8:49pm
Quoting KeenPips
I am holding a bearish technical perspective on AUDUSD this week. On the daily time frame, a horizontal channel (magenta) is apparent, covering the 0.73260/0.74870 range. Although the bullish candlestick printed last week Friday may see bulls take price action to the channel resistance in the early part of this week, we are likely to see a southward turnaround in that area or around the descending trendline (blue) from recent highs. This southward turnaround is what I will be gunning for. I may be wrong. Trade safe and prosper. KP {image}
Noted. Thanks!
  • #260
  • Jul 25, 2018 8:42am Jul 25, 2018 8:42am
The 1.32600 area is where I am looking for a bearish setup on cable. It is likely to be a significant flip zone should the current northward retracement get there.

I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
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