Thinking of shorting around 5209, any one with me?
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- #202
- May 2, 2011 10:00am May 2, 2011 10:00am
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
My trade focus numbers for the 28 pairs I regularly review is as follows, and you can compare
BUYSELL
GBPAUD52735209
Good trading friends
Low Risk Low Stress High Reward High Probability Trades
- #203
- May 2, 2011 10:30am May 2, 2011 10:30am
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
My trade focus numbers for the 28 pairs I regularly review is as follows, and you can compare
BUYSELL
EURUSD 4851 4800
Good trading friends
Low Risk Low Stress High Reward High Probability Trades
- #204
- May 2, 2011 2:52pm May 2, 2011 2:52pm
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
My trade focus numbers for the 28 pairs I regularly review is as follows, and you can compare
BUYSELL
CADCHF91899105
Good trading friends
1. My focus was to go long on break of the Aqua horizontal line @ 9189 and short on convincing break of 9105
2 The new session opened at the vertical plum line - long trade was not triggered and short was not triggered until the US session;
3. If you notice the ichi360 indicator to right side, shows that all TFs are down, so I will only be looking at going short on any pullback, using the M5 or M15 TF;
4. The pair has been in a downtrend but the H4 chart confirmed resumption of the trend around April 6th, as per attached H4 chart;
5. The Asian session resumed yesterday with PA going down and bouncing off the WS2 (weekly support) at 9123 and going to 9171 before continuing down, thereby giving us a better entry point;
6. As I stated in post # 159, I always like to see at least 3 consecutive TFs moving in the same direction before I enter any trade but in this case we had almost all the TFs in agreement to the down side;
7. So I have an opportunity either to enter a short trade at 9144 when the TS crossed the KS but before the Kumo cloud, or wait until the small pullback to 91375 and enter on break of 9123 (where it initially bounced during the Asian session) for additional 18 pips before my focus number.
8. PA is currently at 9091
9. 25 pips per day on a 100K acct should give 125 pips per week, and 500 pips per month, per lot
Low Risk Low Stress High Reward High Probability Trades
- #206
- May 2, 2011 11:38pm May 2, 2011 11:38pm
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
Low Risk Low Stress High Reward High Probability Trades
- #207
- May 2, 2011 11:54pm May 2, 2011 11:54pm
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
Low Risk Low Stress High Reward High Probability Trades
- #209
- May 3, 2011 1:49am May 3, 2011 1:49am
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
Low Risk Low Stress High Reward High Probability Trades
- #210
- May 3, 2011 9:15am May 3, 2011 9:15am
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
Low Risk Low Stress High Reward High Probability Trades
- #211
- May 4, 2011 12:27am May 4, 2011 12:27am
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
Low Risk Low Stress High Reward High Probability Trades
- #212
- May 4, 2011 1:06am May 4, 2011 1:06am
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
Low Risk Low Stress High Reward High Probability Trades
- #217
- May 4, 2011 7:26am May 4, 2011 7:26am
- Joined Nov 2009 | Status: ŻŻŻŻŻŻŻŻŻŻ | 1,339 Posts
Looking for a break higher on CHF/JPY as the buyers are in control. 94.00 has proved tough resistance but sellers could be fighting a losing battle.
The Japan Ministry of Finance says watching forex market day by day, forex trade "very thin", which I would take as, "watch out, if you push the Yen stronger we can easily reverse it."
Ichimoku looks good too
CHF/JPY H4
The Japan Ministry of Finance says watching forex market day by day, forex trade "very thin", which I would take as, "watch out, if you push the Yen stronger we can easily reverse it."
Ichimoku looks good too
CHF/JPY H4
- #218
- May 4, 2011 8:08am May 4, 2011 8:08am
- Joined Nov 2009 | Status: ŻŻŻŻŻŻŻŻŻŻ | 1,339 Posts
Just been asked to show a USDX chart.
Looks to be testing the bottom of this range we have been in since 27/04.
A break of the range and 1.5000 should be possible on EUR/USD.
USDX M15
Looks to be testing the bottom of this range we have been in since 27/04.
A break of the range and 1.5000 should be possible on EUR/USD.
USDX M15
- #219
- May 4, 2011 8:24am May 4, 2011 8:24am
- Joined Nov 2009 | Status: ŻŻŻŻŻŻŻŻŻŻ | 1,339 Posts
AUD/USD should be helped higher on it's next leg too if USDX breaks lower.
Recently bounced off the support line (former resistance) and also the top of the Kumo.
It was inevitably sold/profit takers at the phycological round number of 1.1000.
A lower high may indicate a change of direction and a long would need a tight SL.
The US have been saying any rises in interest rates will take a while and haven't ruled out a QE3, both adding to USD weakness.
Will need to keep an eye on gold as a sell off would push AUD lower as they have a high correlation.
AUD/USD H4
Recently bounced off the support line (former resistance) and also the top of the Kumo.
It was inevitably sold/profit takers at the phycological round number of 1.1000.
A lower high may indicate a change of direction and a long would need a tight SL.
The US have been saying any rises in interest rates will take a while and haven't ruled out a QE3, both adding to USD weakness.
Will need to keep an eye on gold as a sell off would push AUD lower as they have a high correlation.
AUD/USD H4
- #220
- May 4, 2011 8:45am May 4, 2011 8:45am
- Joined Nov 2009 | Status: ŻŻŻŻŻŻŻŻŻŻ | 1,339 Posts
AUD/USD should be helped higher on it's next leg too if USDX breaks lower.
Recently bounced off the support line (former resistance) and also the top of the Kumo.
It was inevitably sold/profit takers at the phycological round number of 1.1000....
Will be watching the 1,525 level closely as a break could be a level which triggers holders to sell.
If that happens, a drop to as low as 1,400-1,425 could be on the cards which will be pulling AUD/USD down with it.
Gold H4
Gold Daily
