I believe UJ is in for a big move up after hitting around 110.43
POSTMASTER
- #13,101
- Apr 2, 2019 11:16pm Apr 2, 2019 11:16pm
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
POSTMASTER
- #13,102
- Apr 2, 2019 11:20pm Apr 2, 2019 11:20pm
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
POSTMASTER
- #13,103
- Apr 2, 2019 11:37pm Apr 2, 2019 11:37pm
Hi Akim and all
Here is some of my thoughts on GBP Weekly TF
Any levels I have marked on the chart are levels of interest and are areas that I will look for Entry/Exit setups as per Akim Method
I am by no means an expert and this analysis is for your comments please
The way I see it is that GBP is currently in a Diamond pattern on the Weekly TF, if the pattern is to complete before a breakout I think that the current Weekly candle will go to the region of 1.32443, possible to do a Fake out to the upside from there too and drop back into the Diamond pattern.
If this happens I then see next weeks candle operating in a tighter range before the scheduled date for Brexit (to exit with a no deal in place IMO)
So if the pattern is to fully complete there would hopefully be a substantial large move breakout Long or Short. I don't know or care which way it will breakout, just as long as I get on the Bullet Train ride
Yesterday I really wanted to take a Long position which setup on the 30 Min TF, but I didn't as I was concerned price would keep dropping (this is something I am still working on in my trading, trying to follow setups as they arrive and not overthink the situation, I could have taken it with a tight SL.....)
So for today the options now are I will look for a Long entry in the region of 1.30687 if price can get back there and there is a setup with Akim Method, if not no trade, TP around 1.32443 with PA to support this
If this weeks candle closes high in the Diamond my preference will be to Short next week (but Akim Method setups will be my go to for Long or Short setups on higher TF's)
I hope all this makes sense
Here is some of my thoughts on GBP Weekly TF
Any levels I have marked on the chart are levels of interest and are areas that I will look for Entry/Exit setups as per Akim Method
I am by no means an expert and this analysis is for your comments please
The way I see it is that GBP is currently in a Diamond pattern on the Weekly TF, if the pattern is to complete before a breakout I think that the current Weekly candle will go to the region of 1.32443, possible to do a Fake out to the upside from there too and drop back into the Diamond pattern.
If this happens I then see next weeks candle operating in a tighter range before the scheduled date for Brexit (to exit with a no deal in place IMO)
So if the pattern is to fully complete there would hopefully be a substantial large move breakout Long or Short. I don't know or care which way it will breakout, just as long as I get on the Bullet Train ride
Yesterday I really wanted to take a Long position which setup on the 30 Min TF, but I didn't as I was concerned price would keep dropping (this is something I am still working on in my trading, trying to follow setups as they arrive and not overthink the situation, I could have taken it with a tight SL.....)
So for today the options now are I will look for a Long entry in the region of 1.30687 if price can get back there and there is a setup with Akim Method, if not no trade, TP around 1.32443 with PA to support this
If this weeks candle closes high in the Diamond my preference will be to Short next week (but Akim Method setups will be my go to for Long or Short setups on higher TF's)
I hope all this makes sense
- #13,104
- Apr 2, 2019 11:51pm Apr 2, 2019 11:51pm
- | Commercial User | Joined Feb 2017 | 24,065 Posts
Hi Akim and all Here is some of my thoughts on GBP Weekly TF Any levels I have marked on the chart are levels of interest and are areas that I will look for Entry/Exit setups as per Akim Method I am by no means an expert and this analysis is for your comments please The way I see it is that GBP is currently in a Diamond pattern on the Weekly TF, if the pattern is to complete before a breakout I think that the current Weekly candle will go to the region of 1.32443, possible to do a Fake out to the upside from there too and drop back into the Diamond...
don’t worry,always have a next train
sometimes risk some stop is better for testing water
i always do that when charts at different TF give mix signal
slowly built your confident and guts
you do a good progress mate
️
just for a cup of coffee...
- #13,105
- Apr 2, 2019 11:54pm Apr 2, 2019 11:54pm
{quote} good view mate
Thanks mate much appreciated
- #13,107
- Apr 3, 2019 12:30am Apr 3, 2019 12:30am
- | Membership Revoked | Joined Feb 2019 | 1,453 Posts
h1::h4::daily in short postion 
us oil crude
us oil crude
- #13,108
- Apr 3, 2019 12:57am Apr 3, 2019 12:57am
- Joined Mar 2013 | Status: Trader | 6,512 Posts
GU testing resistance again. So there is a buy setup on the daily yesterday. . My gut feeling though if daily/weekly support is tested again it's not going to hold and GU is going to go down big time. So right now GU bulls must work overtime not to let it get there again. That said this H4 resistance might break and we test 1.338xx in a few days. I got no GU position yet but will get in once there's a good setup.
. My gut feeling though if daily/weekly support is tested again it's not going to hold and GU is going to go down big time. So right now GU bulls must work overtime not to let it get there again. That said this H4 resistance might break and we test 1.338xx in a few days. I got no GU position yet but will get in once there's a good setup.
- #13,109
- Apr 3, 2019 1:17am Apr 3, 2019 1:17am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
not bad from EU bulls setup
catch yesterday n still holding️
catch yesterday n still holding
️ 
just for a cup of coffee...
- #13,110
- Apr 3, 2019 1:30am Apr 3, 2019 1:30am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
like i said early this week
testing water from weekly bulls setup
valid to play or not
maybe nfp will decide i thinks️
testing water from weekly bulls setup
valid to play or not
maybe nfp will decide i thinks
️ 
just for a cup of coffee...
- #13,112
- Apr 3, 2019 1:51am Apr 3, 2019 1:51am
- Joined Mar 2013 | Status: Trader | 6,512 Posts
For the Forex Gungho traders this is for you.
If you don't know where to put your stop loss here is a gift for you. Just drop the long script if going long and short script if going short TP and SL already calculated. Don't loose your shirt trade will automatically risk 1% of your account. Probably good to place these trades on top/bottom of bollinger bands at support/resistance areas. If first trade get stopped out wait next setup try again. If stopped out again, and you keep trading you are a persistent one. 
Edit: oh and change TP factor to 6.0 but up to you.
If you don't know where to put your stop loss here is a gift for you. Just drop the long script if going long and short script if going short TP and SL already calculated
. Don't loose your shirt trade will automatically risk 1% of your account. Probably good to place these trades on top/bottom of bollinger bands at support/resistance areas. If first trade get stopped out wait next setup try again. If stopped out again, and you keep trading you are a persistent one. Edit: oh and change TP factor to 6.0 but up to you.
- #13,115
- Apr 3, 2019 2:12am Apr 3, 2019 2:12am
GU testing resistance again. So there is a buy setup on the daily yesterday.
- #13,116
- Apr 3, 2019 2:14am Apr 3, 2019 2:14am
- Joined Mar 2013 | Status: Trader | 6,512 Posts
{quote} ok so now m stuck with the wrong train.......
I still don't have a long position yet though. Waiting for a pullback and a valid entry... Hopefully...
- #13,117
- Apr 3, 2019 2:18am Apr 3, 2019 2:18am
{quote} Yeah gonna go up I got a ping on my system H4 setup TP1 1.32329 TP2 1.32931 TP3 1.33906. Just don't mention BREXIT
- #13,118
- Apr 3, 2019 2:18am Apr 3, 2019 2:18am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
{quote} Sir Plz advise {image}
you shorts
hope have some setup at m15/30
if have so i’ll jump too at shorts boats
i not trades setup from m1/5 mate
️ just for a cup of coffee...
{quote} Yeah gonna go up I got a ping on my system H4 setup TP1 1.32329 TP2 1.32931 TP3 1.33906. Just don't mention BREXIT
Yoobbie
- #13,120
- Apr 3, 2019 2:22am Apr 3, 2019 2:22am
{quote} ohh..sorry.. you shorts hope have some setup at m15/30 if have so i’ll jump too at shorts boats i not trades setup from m1/5 mate