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Nearly Naked (Simple Trades)

  • #11,781
  • Dec 2, 2019 3:57am Dec 2, 2019 3:57am
Quoting vincentprice
{quote} NZD/USD broke out of current range, target for this trade is next resistance at 0.6485 and the 50% fib retrace of the most recent down leg. {image} {image}
Looking to fade the NZD/USD at the 50% retrace of the recent down move. I expect a reaction at this level.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily2.png Size: 76 KB


NZD/JPY levels to fade at 71.48 and 72.29.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYDaily1.png Size: 68 KB
Nil desperandum
  • #11,782
  • Dec 2, 2019 4:32am Dec 2, 2019 4:32am
USD index is hitting resistance again at 98.3, further strength ahead? I suspect this to be more likely in the current climate.

Attached Image (click to enlarge)
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Nil desperandum
  • #11,783
  • Dec 2, 2019 7:38am Dec 2, 2019 7:38am
Quoting vincentprice
{quote} NZD/USD broke out of current range, target for this trade is next resistance at 0.6485 and the 50% fib retrace of the most recent down leg. {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: NZD.png Size: 125 KB


This trade is about to fill with +48 pips profit

Attached Image (click to enlarge)
Click to Enlarge Name: NZDE.png Size: 118 KB
Nil desperandum
  • #11,784
  • Dec 2, 2019 9:22am Dec 2, 2019 9:22am
Quoting vincentprice
{quote} Looking to fade the NZD/USD at the 50% retrace of the recent down move. I expect a reaction at this level. {image} NZD/JPY levels to fade at 71.48 and 72.29. {image}
NZD/USD has hit it's head hard on the 50% Fib retrace. I have decided not to take a position short from here, but rather gauge how price behaves at this level and reassess.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily11.png Size: 63 KB
Nil desperandum
  • #11,785
  • Dec 2, 2019 9:44am Dec 2, 2019 9:44am
EURGBP long weekly chart swing trade
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPWeekly.png Size: 83 KB
ahmed ademzade
  • #11,786
  • Dec 3, 2019 2:41am Dec 3, 2019 2:41am
Quoting vincentprice
EUR/AUD hitting strong resistance at the 50% Fib retrace of most recent down move. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4 (1).png Size: 71 KB


EUR/AUD breakdown from consolidation that formed above the 50%Fib. If noise allows price to pullback to this level I intend to sell with a good risk/reward.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 76 KB
Nil desperandum
  • #11,787
  • Dec 3, 2019 3:02am Dec 3, 2019 3:02am
Quoting vincentprice
{quote} {image} USD/JPY has reached this level. {image} Currently the SP500 is very bullish having broke north from a significant consolidation on the 25th of Oct. Analysis on this thread; https://www.forexfactory.com/showthr...=959678&page=6 US date releases this week on the whole are predicted to support the SP500. In this scenario I would think the JPY will continue to weaken against most risk on currencies and the USD. I am looking to trade long targeting the gap 110.8 and the gap fill at 111.0

I have an entry point to this trade on the current pullback 108.84, targeting the gap fill.

Attached Image (click to enlarge)
Click to Enlarge Name: JPY2.png Size: 60 KB
Nil desperandum
  • #11,788
  • Dec 3, 2019 12:04pm Dec 3, 2019 12:04pm
Quoting vincentprice
{quote} {image} EUR/AUD breakdown from consolidation that formed above the 50%Fib. If noise allows price to pullback to this level I intend to sell with a good risk/reward. {image}
In light of Trumpy's trade deal tweets today the only trade setup I entered was the break of support and pullback on the EUR/AUD.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 76 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4o.png Size: 51 KB
Nil desperandum
  • #11,789
  • Dec 3, 2019 1:42pm Dec 3, 2019 1:42pm
GBPUSD short with tomorrow GBP PMI... Daily chart.. be careful..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 64 KB
ahmed ademzade
  • #11,790
  • Dec 3, 2019 1:50pm Dec 3, 2019 1:50pm
USDCHF long Daily chart.. enjoy..
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFDaily.png Size: 66 KB
ahmed ademzade
  • #11,791
  • Dec 3, 2019 8:26pm Dec 3, 2019 8:26pm
Quoting vincentprice
{quote} In light of Trumpy's trade deal tweets today the only trade setup I entered was the break of support and pullback on the EUR/AUD. {image} {image}
1.6140 providing support to EA for daily close -- was earlier daily close support too until breached on 5 nov. will see if i can enter long EA on dailies esp after bad gdp today.
  • #11,792
  • Dec 4, 2019 2:13am Dec 4, 2019 2:13am
Quoting prashfx
{quote} 1.6140 providing support to EA for daily close -- was earlier daily close support too until breached on 5 nov. will see if i can enter long EA on dailies esp after bad gdp today.
1.6140 and 1.5115 are significant support levels to the downside in the near term. Price reacted just above the 1.6140 area yesterday allowing me to short 1.6210 on a retest. The GDP data coming in slightly below estimates was then enough to push price back into the consolidation above 1.6210.
Nil desperandum
  • #11,793
  • Dec 4, 2019 2:18am Dec 4, 2019 2:18am
Quoting vincentprice
{quote} In light of Trumpy's trade deal tweets today the only trade setup I entered was the break of support and pullback on the EUR/AUD. {image} {image}
Australian GDP q/q data came in a shade lower than estimated and caused a reverse in direction for this pair. The trade was stopped out for a -20 pip loss.
Nil desperandum
  • #11,794
  • Dec 4, 2019 2:30am Dec 4, 2019 2:30am
Quoting vincentprice
{quote} 1.6140 and 1.5115 are significant support levels to the downside in the near term. Price reacted just above the 1.6140 area yesterday allowing me to short 1.6210 on a retest. The GDP data coming in slightly below estimates was then enough to push price back into the consolidation above 1.6210.
As far as EA prices remain north of 1.6140 daily close basis looks like we can have some good upside? fundamentally too EU numbers coming better than AU including GDP etc.
  • #11,795
  • Dec 4, 2019 4:08am Dec 4, 2019 4:08am
Quoting prashfx
{quote} As far as EA prices remain north of 1.6140 daily close basis looks like we can have some good upside? fundamentally too EU numbers coming better than AU including GDP etc.
This pair is now sitting back at my previous trades entry level short at 1.62, however I have no intention of re-entering here.

If fundamental drivers support a technical move away from the current consolidation of this pair I agree there would then be good grounds to take a position, that may be long or short.

I sold into this pair on two occasions recently and was stopped out on both trades, so it will probably sell off now!
Nil desperandum
  • #11,796
  • Dec 4, 2019 4:37am Dec 4, 2019 4:37am
Quoting vincentprice
{quote} {image} AUD/NZD has continued to sell off with 1.045 in range. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD (1)h.png Size: 48 KB


It is now looking increasingly likely a short term bounce will happen from 1.0455 allowing a 30 - 50 pip scalp.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 55 KB
Nil desperandum
  • #11,797
  • Dec 6, 2019 9:49am Dec 6, 2019 9:49am
Quoting vincentprice
{quote} Looking to fade the NZD/USD at the 50% retrace of the recent down move. I expect a reaction at this level. {image} NZD/JPY levels to fade at 71.48 and 72.29.

NZD/USD has hit it's head hard on the 50% Fib retrace. I have decided not to take a position short from here, but rather gauge how price behaves at this level and reassess.

{image}
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily11.png Size: 63 KB



Fade of NZD/USD from 61.8% Fib retrace and resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 65 KB
Nil desperandum
  • #11,798
  • Dec 6, 2019 9:54am Dec 6, 2019 9:54am
Quoting vincentprice
{quote} Looking to fade the NZD/USD at the 50% retrace of the recent down move. I expect a reaction at this level. {image} NZD/JPY levels to fade at 71.48 and 72.29. {image}
NZD/JPy entry short at resistance

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYDaily.png Size: 41 KB
Nil desperandum
  • #11,799
  • Dec 6, 2019 9:58am Dec 6, 2019 9:58am
Quoting vincentprice
{quote} {image} It is now looking increasingly likely a short term bounce will happen from 1.0455 allowing a 30 - 50 pip scalp. {image}
This counter trend scalp trade did not work, in hindsight the downward trend was strong with little in the way of pullbacks. There was little evidence to suggest this level would yield a reaction.
Nil desperandum
  • #11,800
  • Dec 7, 2019 7:38pm Dec 7, 2019 7:38pm
Quoting vincentprice
{quote} {image} Fade of NZD/USD from 61.8% Fib retrace and resistance. {image}
I am thinking the 6570 - 6600 +/- area can push kiwi back to 6430-40 levels trigger being FOMC/EU IR rate decision (in absence of any major kiwi data) and mid dec we have kiwi gdp etc which can decide how it moves from there. around 6600 area was significant hurdle when it was moving down too. ofcourse lots of +ve news on kiwi (fiscal stimulus / good cpi / rates on hold/ etc) but question is how much of that is already priced in. also on a longer term basis on weeklies ... kiwi is still on a downtrend.
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