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Price Actions- EurUsd

  • #1,101
  • Apr 10, 2019 6:08pm Apr 10, 2019 6:08pm
Quoting abajiga
{quote} I'm glad you shaping up well :-))) Now...momorise that time shit I said earlier. One is tonight and the other one is for tomorrow. The one for tomorrow will only be invalid if the trade makes past the current high. It it hold within, then it's an automatic sell tomorrow lunch. Now you know the time, you are getting there.
Also I will draw for you basic resistance-support areas with price over time....
You already know the main one....3-4PM prices of previous day! Use that for tonight or below the Asian open price (if you buying or above it if you selling)
Time Is Money
  • #1,102
  • Apr 10, 2019 6:10pm Apr 10, 2019 6:10pm
Quoting abajiga
{quote} I'm glad you shaping up well :-))) Now...momorise that time shit I said earlier. One is tonight and the other one is for tomorrow. The one for tomorrow will only be invalid if the trade makes past the current high. It it hold within, then it's an automatic sell tomorrow lunch. Now you know the time, you are getting there.
Yeah I got the directions worked out, could even get the big guns out be cocky and go Long tonght on CHFJPY for few pips before the planned sell of CHFJPY tomorrow, but I wont.

Be good to catch NZDCHF both ways though if tonight's buy goes to plan. Least we have choice of two trades lined up for tomorrow.
  • #1,103
  • Apr 10, 2019 6:15pm Apr 10, 2019 6:15pm
Quoting abajiga
{quote} Also I will draw for you basic resistance-support areas with price over time.... You already know the main one....3-4PM prices of previous day! Use that for tonight or below the Asian open price (if you buying or above it if you selling)
I did mark my lines slightly differently tonite, ignore the blue dashed lines.
The yellow lines are the supply and demand zones (not support resistance) and purple line is area to buy or sell to near as price will go to, usually a test of the supply and demand zones.....if it doesnt work out ill go back to support and resistance.
  • #1,104
  • Edited 7:06pm Apr 10, 2019 6:32pm | Edited 7:06pm
This is how I see CHFJPY and NZDCHF playing out
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CHFJPY.JPG Size: 210 KB
Click to Enlarge Name: NZDCHF.JPG Size: 207 KB
  • #1,105
  • Edited 2:24am Apr 11, 2019 2:07am | Edited 2:24am
Just entered long into NZDCHF asit hit buy entry (purple line in above chart)
  • #1,106
  • Apr 11, 2019 2:45am Apr 11, 2019 2:45am
Quoting oblong
This is how I see CHFJPY and NZDCHF playing out {image} {image}
I entered CHFJPY last night short but came out just shortly with -12 pips. I didn't like the move it was making up since last night.
I don't wanna be stuck with it all day.
Time Is Money
  • #1,107
  • Apr 11, 2019 2:48am Apr 11, 2019 2:48am
Quoting abajiga
{quote} I entered CHFJPY last night short but came out just shortly with -12 pips. I didn't like the move it was making up since last night. I don't wanna be stuck with it all day.
yeah CHFJPY was pretty flat during ASIA. Dont know how you manage to stay up so late and get up early. I tried last night and monitored on phone until 2am, then gave up went to sleep.

Damn NZDCHF didnt hold the purple line. Will add down at the yellow line.

CADCHF is dropping quite hard, make catch a bounce around 0.74897
  • #1,108
  • Apr 11, 2019 2:58am Apr 11, 2019 2:58am
Quoting oblong
{quote} yeah CHFJPY was pretty flat during ASIA. Dont know how you manage to stay up so late and get up early. I tried last night and monitored on phone until 2am, then gave up went to sleep. Damn NZDCHF didnt hold the purple line. Will add down at the yellow line.
I know where to find it tomorrow
I didn’t want the waiting game. Accept small loss and wait the big win. Will wait for tomorrow unless I spot a quick one in the evening
Time Is Money
  • #1,109
  • Apr 11, 2019 3:00am Apr 11, 2019 3:00am
Quoting abajiga
{quote} I know where to find it tomorrow I didn’t want the waiting game. Accept small loss and wait the big win. Will wait for tomorrow unless I spot a quick one in the evening
You dont think the entries still valid on both CHFJPY and NZDCHF during London session instead of ASIA?
  • #1,110
  • Apr 11, 2019 3:07am Apr 11, 2019 3:07am
Quoting oblong
{quote} You dont think the entries still valid on both CHFJPY and NZDCHF during London session instead of ASIA?
NZDCHF was way off from the best entry but CHFJPY was there with good entry. Only now NZDCHF came in the best entry zone for a buy but way delayed past the time. Best to wait for both pairs tomorrow
Time Is Money
  • #1,111
  • Edited 3:20am Apr 11, 2019 3:08am | Edited 3:20am
hmmm looking at the 4 hour chart of CHFJPY, yesterday could well of been the reversal day and start to head back up.....saying that depends what time frame you playing i suppose and how many pips aiming for.
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY.JPG Size: 222 KB
  • #1,112
  • Edited 9:18am Apr 11, 2019 3:40am | Edited 9:18am
Quoting abajiga
{quote} NZDCHF was way off from the best entry but CHFJPY was there with good entry. Only now NZDCHF came in the best entry zone for a buy but way delayed past the time. Best to wait for both pairs tomorrow
Ah just this second noticed that NZDCHF didnt make new highs in Asia session, you mentioned this before few pages back. Will try and find.

Blue and yellow arrows are the entries. Red line is stop price and green line is target/exit.

Got stopped out on NZDCHF, risk reward wasnt that great on this one anyway.
Got stopped out on CHFJPY as well, after being 13 pips up.

Stopped out for 10 pips on each, despite going with the trend etc....back to drawing board :-)

Blue and yellow arrows are the entries. Red line is stop price and green line is target/exit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CHFJPY entry exit.JPG Size: 64 KB
Click to Enlarge Name: NZDCHF entry exit.JPG Size: 70 KB
  • #1,113
  • Apr 11, 2019 9:53am Apr 11, 2019 9:53am
Quoting oblong
{quote} Ah just this second noticed that NZDCHF didnt make new highs in Asia session, you mentioned this before few pages back. Will try and find. Blue and yellow arrows are the entries. Red line is stop price and green line is target/exit. Got stopped out on NZDCHF, risk reward wasnt that great on this one anyway. Got stopped out on CHFJPY as well, after being 13 pips up. Stopped out for 10 pips on each, despite going with the trend etc....back to drawing board :-) Blue and yellow arrows are the entries. Red line is stop price and green line is...
I didn't wait for this, I should have!
It was one of those decisions I just didn't bother to consider even though I knew. I should have come out with no loss, as I said earlier the entry was good based on the pull back of 3-4PM rule.
Technically if you make that entry as based on the signal, even if the market goes against you, you will at some point come out without a loss. The red solid line is the exit point.
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY.SBM5.png Size: 29 KB
Time Is Money
  • #1,114
  • Apr 11, 2019 10:28am Apr 11, 2019 10:28am
Quoting abajiga
{quote} I didn't wait for this, I should have! It was one of those decisions I just didn't bother to consider even though I knew. I should have come out with no loss, as I said earlier the entry was good based on the pull back of 3-4PM rule. Technically if you make that entry as based on the signal, even if the market goes against you, you will at some point come out without a loss. The red solid line is the exit point. {image}
Yeah both these went completly opposite directsion to what was planned...although I think we now have the setups and entries expected, we just went in couple of sessions to early.

Do you think these trades are now valid and would these be on Asia Open tonight?
NZDCHF - LONG
CHFJPY - SHORT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDCHF.JPG Size: 214 KB
Click to Enlarge Name: CHFJPY.JPG Size: 249 KB
  • #1,115
  • Apr 11, 2019 10:46am Apr 11, 2019 10:46am
Quoting oblong
{quote} Yeah both these went completly opposite directsion to what was planned...although I think we now have the setups and entries expected, we just went in couple of sessions to early. Do you think these trades are now valid and would these be on Asia Open tonight? NZDCHF - LONG CHFJPY - SHORT {image} {image}
Nah...wrong approach! Just work one direction based on the main signal.
Wait for it around Lunch time (NY open) to do the opposite as you suggested
Time Is Money
  • #1,116
  • Apr 11, 2019 10:51am Apr 11, 2019 10:51am
Quoting abajiga
{quote} Nah...wrong approach! Just work one direction based on the main signal. Wait for it around Lunch time (NY open) to do the opposite as you suggested
NZDCHF - has been making new highs though past 3 sessions, shouldnt this be the pull back we waiting for to go long?
same with CHFJPY been making new lows past three sessions, shouldnt we be selling this on pullbacks?

Neither have broken each others lows or highs from previous day...I agree see what happens during Asia and assess tomorrow morning.
  • #1,117
  • Apr 11, 2019 11:16am Apr 11, 2019 11:16am
Quoting oblong
{quote} NZDCHF - has been making new highs though past 3 sessions, shouldnt this be the pull back we waiting for to go long? same with CHFJPY been making new lows past three sessions, shouldnt we be selling this on pullbacks? Neither have broken each others lows or highs from previous day...I agree see what happens during Asia and assess tomorrow morning.
London dictate this signal after they open the market. Today they decided to do the opposite. Tomorrow will continue from where they left. i.e will continue on these opposite signals.
Tomorrow will be buy for CHFJPY confirmed. Wait for a big pull back at NY open. NB: Tomorrow is Friday so volatility are generated massively.
Time Is Money
  • #1,118
  • Apr 11, 2019 11:27am Apr 11, 2019 11:27am
Wait after 6PM and price force itself around the solid line and sell. This will be like melting ice cream dripping down.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.SBM15.png Size: 45 KB
Time Is Money
  • #1,119
  • Apr 11, 2019 11:29am Apr 11, 2019 11:29am
Quoting abajiga
{quote} London dictate this signal after they open the market. Today they decided to do the opposite. Tomorrow will continue from where they left. i.e will continue on these opposite signals. Tomorrow will be buy for CHFJPY confirmed. Wait for a big pull back at NY open. NB: Tomorrow is Friday so volatility are generated massively.
hmm interesting never noticed that, just scrolled back to around 22 mar on both these pairs and London does dictate direction between its Open and Close, could only find 3/4 days accross both pairs where NY and ASIA weren't dictated by London direction....never noticed that before. Maybe thats the tip I need to understand what time to buy.
  • #1,120
  • Apr 11, 2019 11:38am Apr 11, 2019 11:38am
Quoting abajiga
Wait after 6PM and price force itself around the solid line and sell. This will be like melting ice cream dripping down. {image}
We are going opposite to the direction London has decided today.
Whats the reasoning behind this one, anything other than the double top?
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