Attachments: EUR/CAD

EUR/CAD

#521
May 28, 2018 1:34am May 28, 2018 1:34am

estrago
| Joined Feb 2018 | Status: Trader | 130 Posts

Shorting this today. Check out the RSI

#522
Jul 30, 2018 12:01am Jul 30, 2018 12:01am

akbari_51
| Joined Sep 2012 | Status: Trader | 27 Posts

Long from 1.5240, Tp: 1.5290, Sl: 1.5160.
Best Wishes

#523
Aug 9, 2018 1:58am Aug 9, 2018 1:58am

tradpat
| Joined Jul 2010 | Status: I LOVE MACD | 511 Posts

A good setup of pin with long tail coming down on D

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#524
Aug 10, 2018 4:06am Aug 10, 2018 4:06am

tradpat
| Joined Jul 2010 | Status: I LOVE MACD | 511 Posts

Quoting tradpat

Disliked

A good setup of pin with long tail coming down on D {image}

Ignored

I think enough for this trade

A long tail pin upward is seen !

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#525
Aug 17, 2018 8:32am Aug 17, 2018 8:32am

MonkeyDick
| Joined May 2018 | Status: Trader | 61 Posts

I dont know what happened but in a fast view the market is not secure to go long. In a medium term, maybe will be corrections in both ways (up and down). In long term, (1-2 days ) I will go long maybe monday or tuesday.

At this moment i placed some orders in buy let see if the corrections are enough to get some profit, if not as i said i will go long in 2 days. I place a sell too becouse there will be some downs in short term (maybe not, I'm not secure.)

In chart we can see that the avramis goes crazy, in medium term, it draws the start of a downtrend. (will see in some time)
the pivot points, draws some corrections is comming in both ways.
and the rsi draws the begin of some down trend more (maybe today).
Recommendation, wait until monday or tuesday to go long.

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#526
Aug 17, 2018 8:36am Aug 17, 2018 8:36am

plymgary
| Joined Mar 2017 | Status: Trader | 154 Posts

Quoting MonkeyDick

Disliked

I dont know what happened but in a fast view the market is not secure to go long. In a medium term, maybe will be corrections in both ways (up and down). In long term, (1-2 days ) I will go long maybe monday or tuesday. At this moment i placed some orders in buy let see if the corrections are enough to get some profit, if not as i said i will go long in 2 days. I place a sell too becouse there will be some downs in short term (maybe not, I'm not secure.) In chart we can see that the avramis goes crazy, in medium term, it draws the start of a downtrend....

Ignored

https://www.forexfactory.com/calendar.php

The CAD strengthened because their CPI outperformed expectations. This is why the chart went down.

I've been holding a short on the GBPCAD as the downtrend reached the top of the channel on a 4 hour chart. Also, price action was telling me bulls were losing momentum (at that point).

#527
Aug 17, 2018 12:12pm Aug 17, 2018 12:12pm

MonkeyDick
| Joined May 2018 | Status: Trader | 61 Posts

Quoting plymgary

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{quote} https://www.forexfactory.com/calendar.php The CAD strengthened because their CPI outperformed expectations. This is why the chart went down. I've been holding a short on the GBPCAD as the downtrend reached the top of the channel on a 4 hour chart. Also, price action was telling me bulls were losing momentum (at that point).

Ignored

Thanks, I didn't notice about that event. that explain some things. In which market are you focused? at this moment I'm looking NZD/CAD searching for longs. What u think?

In my strategy I use avramis,RSI and pivot points. What are ur favorites?

#528
Aug 19, 2018 9:57am Aug 19, 2018 9:57am

plymgary
| Joined Mar 2017 | Status: Trader | 154 Posts

Quoting MonkeyDick

Disliked

{quote} Thanks, I didn't notice about that event. that explain some things. In which market are you focused? at this moment I'm looking NZD/CAD searching for longs. What u think? In my strategy I use avramis,RSI and pivot points. What are ur favorites?

Ignored

I mainly deal with all the major/minor currencies - I don't focus on the exotics.

I keep my strategy simple. I just look for descending/ascending channels on daily charts. The on the third touch, if there's a buying/selling pressure in line with the trend I place the order at the opening of the next candle. Risk has to be 1:4. I never use indicators - I always think it's pointless knowing what price has done in the past! For example, indicators would have never predicted the huge downswings in many of the GBP and EUR pairs.

#529
Aug 19, 2018 8:59pm Aug 19, 2018 8:59pm

shyean
| Joined Apr 2016 | Status: Trader | 434 Posts

Hello fellow traders,

Bearish view on h1. The gap resistance seems holding.

Thanks

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"The markets can remain irrational longer than you can remain solv

#530
Edited 1:56am Aug 20, 2018 1:17am | Edited 1:56am

MonkeyDick
| Joined May 2018 | Status: Trader | 61 Posts

Quoting shyean

Disliked

Hello fellow traders, Bearish view on h1. The gap resistance seems holding. Thanks {image}

Ignored

I agree with you a down trend is comming, at this moment im not sure what will do in short term, maybe it will keep down trend, (my pivots points say that it will be not very hard, that means that maybe will come a big one in a couple of hours and we can see another down trend for the next days). But in long view maybe it will be a change of trend for long (in couple of days it depends if next hours, leet see how it is this downtrend). I don't attach any image because idk what will happen in short term.

Summary: 15 min chart (Useful for 1 day)
Avramis - Downtrend
Pivot Points - Corrections in both ways and waiting for a downtrend more bigger.
RSI with TC - More Downtrend Expected in the next hours.

#531
Aug 21, 2018 5:23am Aug 21, 2018 5:23am

JayBag
Joined May 2016 | Status: Clueless | 6,896 Posts

Idea for EC
20 pips SL above the BO candle

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#532
Aug 21, 2018 5:29am Aug 21, 2018 5:29am

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,264 Posts | Online Now

Quoting JayBag

Disliked

Idea for EC 20 pips SL above the BO candle {image}

Ignored

Loving your style. Worked a treat for EU. I hope it works here, too. Of late EU has been disrespecting breakouts. Waiting to sell EC.

Nice trade idea, man.

#533
Aug 21, 2018 6:46am Aug 21, 2018 6:46am

JayBag
Joined May 2016 | Status: Clueless | 6,896 Posts

Quoting Mitiblotch

Disliked

{quote} Loving your style. Worked a treat for EU. I hope it works here, too. Of late EU has been disrespecting breakouts. Waiting to sell EC. Nice trade idea, man.

Ignored

Thanks a lot M..

Yea me too but I have a small stop just in-case...
Actually, I was too busy to post the EC trade I took yesterday with same idea..

let's see how it goes

#534
Aug 21, 2018 7:10am Aug 21, 2018 7:10am

Whale
Joined Jun 2013 | Status: Trader | 14,550 Posts

Quoting JayBag

Disliked

{quote} Thanks a lot M.. Yea me too but I have a small stop just in-case... Actually, I was too busy to post the EC trade I took yesterday with same idea.. let's see how it goes

Ignored

trade is on

#535
Aug 21, 2018 7:16am Aug 21, 2018 7:16am

JayBag
Joined May 2016 | Status: Clueless | 6,896 Posts

Quoting gatenio

Disliked

{quote} trade is on

Ignored

I agree pressure is in..
15 more minutes and I am in and may average it in till 1.4995 retest but SL remains same..

Similar target?

#536
Aug 21, 2018 9:32am Aug 21, 2018 9:32am

JayBag
Joined May 2016 | Status: Clueless | 6,896 Posts

Quoting JayBag

Disliked

{quote} Thanks a lot M.. Yea me too but I have a small stop just in-case... Actually, I was too busy to post the EC trade I took yesterday with same idea.. let's see how it goes

Ignored

kicked out of this one