Piptrain trade journal and performance

Updated 4h chart, GJ. With daily pivot same as monthly pivot, as long as price remains below there today I expect further down. First target is the TL near 197.50 area, and M1 is 197.60, so want to see that first. Break of M1 and that TL and next we can see weekly S1 at 196.50.

Note:
198.75 is 50% of the low to the 205 peak. Need good break below here to feel really good about shorts, and retest of low potential.

Here is updated 4h. Again, check out the trendlines in play, in blue. The triple low held at 198.50. Shorts were done for me once 199.60 area taken out, as stated. Now price is back above the TL down from 205. I see an inverse head and shoulders building too, neckline is todays high 200.75. But i am cautious about longs until 4h 50ema is truly broken and closed above. Again today daily pp and monthly are nearly the same at 199.55, so I am taking small longs up to the 1h 200ema/4h 50ema and taking profits.....until that area is broken.

cheers

Long GJ trade from the 200.80, break of the inverse head and shoulders, target at 202.80 hit, for +200 pips. Price is now stalled at the trendline up from the low. Close above the 4h 200ema, and next up should be the previous high at 205, near the daily 50.

I was in the same trade, long from 200.75, but closed the trade earlier at 201.90, This pair is scary for me, highly volatile for my liking, maybe thats why i chickened out. Good trading piptrain

check this daily chart of GJ. Price has flown above the daily trendline down from the 241 peak. IF price closes today above this TL, and IF the ADX indicator green line heads up above the 25 line, and IF the CCI line continues above the 0 line, then UP we go. LOL. Lots of IFs.

Also noted here, if 205 peak gets taken out, Mr. Fibonacci says: price should head to 213 area, since price made its triple bottom at the 50% of the low to the 205 peak, at 198.75.

cheers

but that is ok. Here is updated 4h GJ train. Blue lines portray the current up channel. Weekly divergence on the cci spotted couple weeks ago has led to this fantastic move up, we have not seen the likes of this kind of UP move in many many many weeks. The weekly chart looks like she is just getting started... I still have eyes on the 213 area. Daily chart wants to see the 100ema, near 210. Since price is so far above the daily bollinger band I am wondering how far she needs to retrace first before further ups, if at all? Lets see where today/weekly candle closes.

Cheers

piptrain... where can i get the bottom windows indi... look nice.. and good job on the TA... 4hr and daily suit my trade style....

thanks. are you referring to the cci and the adx indicators? they are normal indicators in mt4. cci is set to 31. i like adx at 14.

thanks piptrain... long GJ yesterday, TP for 100 pips... using your system.. .. THANKs for sharing your system

COOL asyik!!!

I use the larger TF to trade the smaller ones. I will do better about posting my actual trades. next week should be super good.

good weekend friends!

food for thought, amigos. now that the daily trendline has effectively been killed, we must review the weekly. The head and shoulders pattern target called for 191.50. To me, 192.50 is close enough when you are talking about such a large time frame. So, if this pattern is done playing out and price is nicely above the daily down trendline, then continued up and/or ranging should now happen. Check how brilliant the cci divergence is! That is significant, in my view. The pink ma line is the weekly 200ema, which is very near the old trendline up from many years ago. That should be a magnet for price now. When will that happen? could happen as early as next week. When was the last time we had such a large wkly candle??

safest trades are buying the dips unless chart tells us otherwise. i mean to continue to buy the dips on the 1h chart.

monthly chart will be super interesting to analyze the end of this month!

cheers

also:

61% fib of the high to the low is 214.87. So right there is confluence of the wkly 200ema, the up trendline from yrs ago, and the 61% fib...

214.87

go piptrain go.... at last i found the system that really suit my trade style...

4h GJ chart, updated. i overslept today, as usually i do on mondays, so no piips for me so far..

Check our 4h up channel is holding. Also, I have circled the preeminent cross of the 50ema up through the 200ema, almost there. This is called the golden cross and when it happens on the larger TF can mean mucho pips to come. I love how price has retraced today back to the daily 50ema, which is also the weekly pivot, which is also a previous resistance area around 204.90/205.00. As long as this area holds, I believe longs are good. Today i am expecting the daily candle to close as a red bear candle, after all the green candles, but if she closes above the daily 50, I expect continued up moves. this week could be ranging for a few days to gather up strength to make it to the next level up. We must be cautious. (as usual!).

GJ inside daily candle yesterday (the candle's body is within the area of the previous day's body), coupled with a close above the daily 5ema denotes further upside. I entered long today at 204.52 looking for a retest of the recent high at 209, then to daily 100ema, near 210.

piptrain.. collect 92 pips today on GJ.. thanks again pipsss.... ur system

Awesome Asyik!!

Check out this daily chart of cable. I have marked the inverse head and shoulders in blue. Very nice how price broke out of that first trendline couple days ago, and then retested it perfectly, and now back up to the neckline... I see neckline at 2.0024, and potential for 424 pips in this pattern if it works out. Also note the next TL down from the 2.1145 peak is coming into play too, so will need to watch that. Monthly pivot right here also at 1.9983..

Also to note, the ADX indicator below shows the yellow trending signal line stuck very low: consolidation for many many days now. Means something BIG is soon to happen.

Lets be on board this TRAIN when it is ready to give up her pips!

Cheers

wow.... analysis for my favorite pair GU....

tight ranges on all majors so far. no usd news today. what will move this market??

GJ sitting between the daily pp at 204.92 and the weekly pp at 204.72. But there is a possible double top in place around 206.00. The 4h chart still looks good for LONGS to me, but of course i could be wrong... If price heads strongly below here i will reevaluate.

The GU meanwhile has retraced 50% of yesterday's candle, could be ready to start UP?? time will tell amigos..

PATIENCE PAYS PRETTY PIPS - the 4 P's