Damion's Tribute

Hi finswin56,

This is what I see. I might be wrong but thought I would share the charts with you.

I'm not a huge fan of trading EUR/CHF, but it seems we have a valid setup with a morning start right on the TL... depending on how this candle closes.

Looks like you nailed it. I was a bit early in getting long there.

Breaking through the TL and previous support, the AUD/JPY has now retraced to attractive selling levels, specifically 80.50 which was former R turned S, and now likely R again. However, the price action was so volatile today, I don't see a good entry. Right now priced is trapped between two pretty good S/R levels, the afore mentioned 80.50 and 79.50. I'm out for now, since I don't have an entry, things appear to be setting up for a move down.

BTW, as one would expect, the other JPY crosses are showing similar price action.

Hi guys! I am back after a short break, there were a number of good entries for this week, taken profit at 1.5!

My new school term has jus begun, will be placing fewer trades.

Took this off the 1h chart, looking at 0.894 for TP

TP hit for AUDCAD, took another trade on EJ 1h today, clsing this for partial profit and moving to b/e.

I haven't been posting much, but here is a possible set upon USD/CAD.
Test back end of the TL
61.8 Fib
Horizontal S/R
and big round number of 1.1000

I wouldn't be surprised to see oil make one last push before the end of the month and see it pull this back down.

I will let PA set up first, as the move up to this level feels pretty strong.

Zooming down to the 30 minute bars, I see the support I want price to break in order to set up my short. You can see the order on the chart. I have two short orders. One with the set SL and TP as 1:1. The other with the same SL, but open order on TP. I will trail my stops and guard this trade as I don't care for the current volume and I believe the USD is ready to rebound. However, I'm putting my own bias aside and trading what the market shows us.

After another week of patience, it finally paid off. The market gave many good entries over the last few hours, hope you have caught some, I have realised 170 pips already.

Total realised profits - +409 pips, floating: +27

It pays to wait =)

typical entry

Good Entry Soy. Meets the requirement for a textbook entry.

thanks!

I have spotted a couple of potential entries if the candle formation completes. but seeing how it is friday, i might give them a miss. Will decide when the candle closes in 3 hrs.

Those trades never materialise. It has been a healthy trading week, 300 pips gain in total after a losing trade in GU.

I have one last open short trade in UCAD, floating at +23 pips now. Daily chart still has strong price action pointing south. However, it seems to be taking too long to form its ABCD, most likely going to move SL to BE when market reopens.

Looking forward to next week

Closed UCad for +116 pips

I am pretty keen on shorting GJ on an intra day basis. 153 looks like a nice resistance level. Wait for strong price action, be patient.

No candle formation on GJ, took a new trade on EJ though. Short at resistance following the bearish engulfing price action. Confluence with the 4h down trendline.

I am weary of the strong support at 1.32, shall TP just ahead of it, might close for partial profits at 1:1, we'll see.

There are other similar setups on the GU and UJ which I didnt take.

UJ was a risky setup as there seems to be a strong support at 92.00 level.

GU seems like a perfectly good setup which I missed, beautiful bearish evening star at the confluence of 1.64 resistance and at the 61.8 retracement.