No Brainer Trades

135 level looks interesting on EURJPY. Some nice confluence.

Another area to watch... 96 on USDJPY

If we can make it to those levels, S&R + fib confluence looks great for a bounce. Good stuff vijay s.

Morning,

Just got back from a short vaccation gotta love these holidays out here.

The eur/jpy short went well and now it's time for a long got in at 13100.

Well that was quick,

Blew straight through my stop, anyone take the break?

posted here as having some troubles with imageshack in the room...1hr TL to note...not a trade rec

and again s/t level to watch....

WIll be looking to sell the gbpusd on a retracement

Here is something I am looking for

And here is the other setup I am looking for

Baggermatsch,

The AUD/USD setup is decent around the 0.7785 to 7800 area. It has served as a major rebound point as the low in the month of June and served as resistance as well.

Note: Its not the strongest S&R but i would trade it because the daily S1 pivot is at 0.7801, weekly M1 pivot = 0.7798 and the monthly S1 = 0.7810.
The confluence of pivots provides confidence. However, I like when a Fib level (on a longer Timeframe) is mixed in the confluence (making it a Fibot) but there is none.

A better trade would be a long at the 0.7675 to 0.7700 area based mainly on Support and Resistance alone.

EUR/JPY 131.00

You would have traded this 131.00 level by now but I didnt think it would have been a good point for a big enough rebound. Too much traffic the last time price was there. This level has been "toyed" with a lot.
129.80 to 130.00 is a better level to go for a long. A Fib 61.8 coincides smack at 129.98 and hopefully by the time price reaches there a daily or weekly pivot level will coincide with that area. Check out the attached chart.

Stack up on confluence and you will have a really great chance of winning at least 30 pips each time you trade. Just do your homework on the pivot levels and long term Fibs coinciding with proven S&R. Such a confluence provides killer trades!

Looks good Sherm, glad to see you back and posting.

thanks mate...been taking mostly price aciton trades lately since I have been sleeping alot lol...

Nice posts Sherm!

I am looking to buy this puppy and drive it back up

usd/jpy looks good for a long here.

92.12, target +100, sl below low (-35).

im learning, pls do not trade my posts

Guys, by the way, in what time frame Fib retracement should be done?

What do you guys think about a short if price comes back up and touches this level?

Heres another on UJ daily....

Looks like a very strong level at 94. DEFINITELY worth watching. Good one!