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Price Actions- EurUsd

  • #781
  • Apr 3, 2019 3:37am Apr 3, 2019 3:37am
Could you not say the yellow area on AUDJPY is now support, similiar to the EURUSD?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.JPG Size: 200 KB
  • #782
  • Apr 3, 2019 3:37am Apr 3, 2019 3:37am
Quoting oblong
{quote} Ah okay so because ASIA produced yesterdays High on EURUSD, this negates the Short entry from yesterday. The same happened for AUDJPY it produced the days High during ASIA session so based on the EURUSD, this short entry on AUDJPY is no longer valid?
AudJpy has the solid horizontal lines from the top when the last two days ended. Also during last night Asia Open, it didn't break above yesterday's high, instead the horizontal line ended to the bottom side. The two previous horizontal lines from the top shows the market is stronger downwards.
Time Is Money
  • #783
  • Apr 3, 2019 3:47am Apr 3, 2019 3:47am
Quoting oblong
Could you not say the yellow area on AUDJPY is now support, similiar to the EURUSD? {image}
AudJpy is weak going up....so most likely it will crumble down. It has strong resistance from above.
EurUsd is solid going up as it has support from the bottom.
Time Is Money
  • #784
  • Apr 3, 2019 3:49am Apr 3, 2019 3:49am
Quoting abajiga
{quote} AudJpy has the solid horizontal lines from the top when the last two days ended. Also during last night Asia Open, it didn't break above yesterday's high, instead the horizontal line ended to the bottom side. The two previous horizontal lines from the top shows the market is stronger downwards.
I think I understand, so during the whole ASIA session it didnt break the upper solid yellow line. The pump up on AUDJPY also happened after ASIA close.

Did you take a position today?
  • #785
  • Apr 3, 2019 3:49am Apr 3, 2019 3:49am
Quoting abajiga
{quote} AudJpy is weak going up....so most likely it will crumble down. It has strong resistance from above. EurUsd is solid going up as it has support from the bottom.
GbpNzd has reversed. Lets see if we can get further discount till NY open. May be at the support area bottom would be nice to enter during NY open
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.SBM1.png Size: 48 KB
Time Is Money
  • #786
  • Apr 3, 2019 3:51am Apr 3, 2019 3:51am
Quoting oblong
{quote} I think I understand, so during the whole ASIA session it didnt break the upper solid yellow line. The pump up on AUDJPY also happened after ASIA close. Did you take a position today?
I made a small sell. It still holding to go down. Lets see
Time Is Money
  • #787
  • Apr 3, 2019 3:52am Apr 3, 2019 3:52am
Quoting abajiga
{quote} I made a small sell. It still holding to go down. Lets see
remember this is not the first choice...lol we can only trade this now
Time Is Money
  • #788
  • Apr 3, 2019 3:54am Apr 3, 2019 3:54am
Quoting abajiga
{quote} GbpNzd has reversed. Lets see if we can get further discount till NY open. May be at the support area bottom would be nice to enter during NY open {image}
so for GBPNZD long, you still looking at area to buy between the yellow lines approx around the purple line and up arrow?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.JPG Size: 192 KB
  • #789
  • Apr 3, 2019 3:58am Apr 3, 2019 3:58am
Quoting oblong
{quote} so for GBPNZD long, you still looking at area to buy between the yellow lines approx around the purple line and up arrow? {image}
yes, thats more like it
Time Is Money
  • #790
  • Edited 6:06am Apr 3, 2019 3:59am | Edited 6:06am
We got crude oil inventories later, hopefully get me out of this awful trade ive been in since last friday. Basically nearly written off profits from past month.
Hope it spikes down and I can close. Also lost lot on GBPUSD last friday.....popped out for lunch and didnt monitor.
Not to bothered once oil closed it will hopefully be end of that era of gamble trading like that and the big hit will be a reminder to me. Once oil closed will free up lot of margin.

Built the demo from £10k to £18.5K in month of March, to give it all back on the very last trading day.

I can see what pot value is and work it from there, strictly sticking to your method and see how i get on over next few months. Started keeping journal from this week on the trades.
  • #791
  • Apr 3, 2019 4:49am Apr 3, 2019 4:49am
Quoting abajiga
{quote} I made a small sell. It still holding to go down. Lets see
So for AUDJPY trade where would you have stops set at?
Unless you go back to the 1st march there isnt anything as a guide.
  • #792
  • Apr 3, 2019 5:03am Apr 3, 2019 5:03am
Quoting oblong
{quote} So for AUDJPY trade where would you have stops set at? Unless you go back to the 1st march there isnt anything as a guide.
do 20 pips above yesterday's high
Time Is Money
  • #793
  • Edited 7:38am Apr 3, 2019 7:11am | Edited 7:38am
All a bit slow accross the board, hopefully things start picking up bit by now towards US open.

EURCAD was one listed as a SELL last night, not sure if you would take at Purple line or the upper yellow line?
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.JPG Size: 204 KB
  • #794
  • Apr 3, 2019 8:45am Apr 3, 2019 8:45am
Quoting oblong
All a bit slow accross the board, hopefully things start picking up bit by now towards US open. EURCAD was one listed as a SELL last night, not sure if you would take at Purple line or the upper yellow line? {image}
Looks like we need more trading days to happen before we can take this. So far looks like its heading up. But will have to wait and see till tomorrow.
Time Is Money
  • #795
  • Apr 3, 2019 9:15am Apr 3, 2019 9:15am
Quoting abajiga
{quote} Looks like we need more trading days to happen before we can take this. So far looks like its heading up. But will have to wait and see till tomorrow.
HAHA yep its broken line and headed up, new strategy do opposite to what I suggest :-)
  • #796
  • Apr 3, 2019 9:21am Apr 3, 2019 9:21am
Quoting oblong
{quote} HAHA yep its broken line and headed up, new strategy do opposite to what I suggest :-)
Pull out on AudJpy ...it is holding to go up
Time Is Money
  • #797
  • Apr 3, 2019 9:25am Apr 3, 2019 9:25am
Quoting abajiga
{quote} Pull out on AudJpy ...it is holding to go up
Ill bring my stops down to days high
EDIT - Came out at break even, well £1 profit get me half a cup of coffee in London on friday :-)

What made you pull out? Im guessing it should of made that move by now and it was starting to build a support level?
  • #798
  • Apr 3, 2019 9:30am Apr 3, 2019 9:30am
Quoting oblong
{quote} Ill bring my stops down to days high EDIT - Came out at break even, well £1 profit get me half a cup of coffee in London on friday :-) What made you pull out? Im guessing it should of made that move by now and it was starting to build a support level?
I would rather lose small than big. When you know the trade it keeps getting messy, better get out safe
Time Is Money
  • #799
  • Apr 3, 2019 9:35am Apr 3, 2019 9:35am
Quoting abajiga
{quote} I would rather lose small than big. When you know the trade it keeps getting messy, better get out safe
yeah agree, cut losers quick and keep the winners.

So thats it for today trades, you wouldnt enter anything now right?

Well crude oil inventories done bugger all, Im going to drawdown the account to the starting position of the £10k mark (+/- last 2 days of trades), so i can monitor progress thru this month using your strategy.
  • #800
  • Apr 3, 2019 9:57am Apr 3, 2019 9:57am
Quoting abajiga
{quote} I would rather lose small than big. When you know the trade it keeps getting messy, better get out safe
I go long with AudJpy, if it breaks, there will be more points to pick
Time Is Money
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