Aud/usd system analysis

Me too Dan, I am tired too, sniper working me out

Ok but are my fibs placed right by my charts? Also ill need to learn to post photos of charts here..sorry... Then I need sleep till morning. Thanks

Good nite my friends see everyone in morning. Save me PIPs

your Fibs are good man, just keep up the good work.

Aud/Usd Pivot Points, by the Kilo, not by the pound, My friend Tan from Australia call the pivot magnet, Tan I am up and ready man.

usd/cad pivot points

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Good morning Mme

I've been at work today, and I slept with my computer , so I could check it every two to three hours. I will only get in one trade at a time at the current stage.

Sooooooooo, looking at the Cad/Chf, what would your entry look like? On the 4hr, I still don't have a candle that opened above the 9406 mark...and then you run back with the 1hr candles and you have one that opened decent around 9414 but had a low of 9398, the next 1hr candle had horrible spreads...but a little better open.

How would you play this entry? With the way things jumped up and wiiiiiide spreads (which isn't that unusual this time o'd morning) how should this have been approached? It's also a tricky spot because the wide spreads lend you right in the mouth of some decent resistance at 9432.

I got in with a horrible spread jumping around and got a 9427 entry. I'm not entirely thrilled with it, but that is what I took. I think the other end of the spread was around 9416 when I entered. There, that doesn't sound so bad now

Especially this time of the morning when things can move and also get wide, upon entry...where do you want to set your 20 pip stop loss? From the point of entry(9427)? or from the level of resistance that you were waiting for confirmation of a move (the 9406)?

I understand moving the stop loss to protect your profits and to negate any losses. But at what point is this done? Especially in the GBP sessions where it can get a little volatile.

I've also got to be away from my computer as I make the drive home from work. I don't suspect I'll get a chance to move my stop loss yet, do you have any suggestions on a good way to approach this? Or should I just find some solace in the fact that I'm trading the larger time frame?

I understand you are taking on some trades at this time, so an immediate response is not needed. Take care of them pips first.

Thanks,
Dan

Dan, Cad/Chf nice, very nice lock profit if you have a position, here is sniper

Hey! Is that sniper pipping by himself again


mme, lock profit? or protect my entry?


thanks,
Dan

I enter eur/jpy long from 11.85 after confirmation at 4 hour and we are in wave 4 which ha swin to 113.50 looking for enter again if it is rejected from 112.60..........tke care.....the same chart i posted on friday check it out.

take care i would like to enter aud/usd short from 9980 again if it tested again........i enter short from 9960 got 30 and out again.

take care will post eur/jpy and aud/usd again.......

you guys did not ente kiwi i posted on friday with triple top and rejected....................

ok gys take care see you soon

Top o' the morning to you aman, Let the rain be good today!

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Dan



sniper.....Sniper

Mme, I apologize for so many questions. But I just want to be sure I have the right thinking throughout this trade. The next level I get, after the 9432 area which is past, is around 9507. Is this where I should lock profits below?

thank you!!!

Dan

depends where you entered, I usually move my stop to my entry.

Dan this is 1H chart, with 4H candle, take a look, where the confirmation came, and look at where to enter, 1H making HH for 4H candle., I will explain this later.

Thanks, I moved it to my entry.

It looks like the 4hr never let go of the resistance mark. But you want to enter on the other end of the curve...so you wait for this to be broken. I'm just thinking.

Please do explain it so I may better understand it, at your leisure of course.

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Dan

Yes, That is it, and you keep moving you stop accordingly. Remember you are scalping, every pip count.

It sounds silly to admit, but I forgot that. I should have been moving my stop loss up, taking even 12-15 pips profit. If I just wait I may end up with 12-15 pip gain. But if I move it up and take profit I may get that same 12-15 pip gain three times before it decides to go up...or down. In which case I could have had 36 pip gain before any possible move.

I have talked about the 9432 support, I should use it.

Dan

Now you know, and I know, just keep moving stops,

I was thinking of some larger gain to move my stop loss to, I suppose I wasn't playing that trade right now. Only thing is, the wide spreads of some currencies makes reentry a bit tricky.

Thank you Mme...I got stopped out with some profits and I also ground a few things into my head (let's see if they will stick)

This is a good stopping point to make the drive home

,
Dan

Drive safe man, to much snow.

i have cad chf tp at 9497 seems that where some resistance is

also in cad jpy at 81.90 looks like some support on 1 hr so see how it goes thnks mme maybe we can chat during asian session have to bring kids to school and get rerady for next storm here in bean town but my celtics won