Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
- Post #1,382
- Quote
- Jul 2, 2011 6:48am Jul 2, 2011 6:48am
I will be looking for longs on NZDUSD, EURGBP, AUDUSD as well. If oportunity for AUDUSD long happens then 1.10 is not far away (250ish pips) and would be keeping a watchfull eye on that level to cash in pips if it looks it may turn around at that level.
EURCHF looking for long oportunitys next week
GBPAUD for short
AUDNZD it did close above 1.3 so long bias next week
USDCAD for short
AUDSGD for long
EURCHF looking for long oportunitys next week
GBPAUD for short
AUDNZD it did close above 1.3 so long bias next week
USDCAD for short
AUDSGD for long
- Post #1,386
- Quote
- Jul 5, 2011 2:59am Jul 5, 2011 2:59am
Yesterday was a slow day, US bank holiday. I was able to find two entrys on EURGBP, one of them survived the other died at BE. AUDNZD has gone past the 62 fibo line so I will wait for next week and a new candle.
This was my signal candle on 4hr charts from yesterday
And my entry on 5 min charts
This was my signal candle on 4hr charts from yesterday
And my entry on 5 min charts
- Post #1,389
- Quote
- Jul 5, 2011 6:16am Jul 5, 2011 6:16am
I am still new to this method but I think I can help you with your question.
We get our bias from last weeks weekly candle and we do not change our bias untill we get a new weekly candle.
So last week big bull candle passing through and closing above .9 major line. My bias is to go long and I will only be looking for oportunitys to go long this week.
I placed my fibo on last weeks candle and moved down to 4hr charts. The zone I have painted yellow (38-62 fibo levels) is where I am waiting and watching for price action to tell me it is time to go long. I normaly only go for engulfing or a pinbar formations.
So even though this pair has crossed below the .9 major line it has not gone past the 62% fibo level and we can still be waiting and watching for oportunitys to buy.
Bias is decided at the start of the week and we do not change our bias durring the week. I hope this was helpful.
We get our bias from last weeks weekly candle and we do not change our bias untill we get a new weekly candle.
So last week big bull candle passing through and closing above .9 major line. My bias is to go long and I will only be looking for oportunitys to go long this week.
I placed my fibo on last weeks candle and moved down to 4hr charts. The zone I have painted yellow (38-62 fibo levels) is where I am waiting and watching for price action to tell me it is time to go long. I normaly only go for engulfing or a pinbar formations.
So even though this pair has crossed below the .9 major line it has not gone past the 62% fibo level and we can still be waiting and watching for oportunitys to buy.
Bias is decided at the start of the week and we do not change our bias durring the week. I hope this was helpful.
- Post #1,392
- Quote
- Jul 6, 2011 11:21pm Jul 6, 2011 11:21pm
- Joined Aug 2009 | Status: Just trade it! | 1,230 Posts
Money is made by sitting, not trading. Jesse L. Livermore
- Post #1,393
- Quote
- Jul 7, 2011 5:02am Jul 7, 2011 5:02am
- | Joined Jul 2011 | Status: Member | 38 Posts
- Post #1,395
- Quote
- Jul 7, 2011 7:06am Jul 7, 2011 7:06am
- | Joined May 2010 | Status: ora et treding labora | 72 Posts
- Post #1,396
- Quote
- Jul 7, 2011 7:14am Jul 7, 2011 7:14am
- Joined Aug 2009 | Status: Just trade it! | 1,230 Posts
hi all this is my firs post on this thread
i am not agree you
All PA 4h (hammer HMR/ bullish engulging L_E) haven't had confirm at 5tfPA
Infact now the price is bearish.
I remember witch we want take an long position strong.
If we loook other pair with eur all have made the same movement and all fail thePA5tf (eur/chf eur/jpy)
if you entered and after take profit..you made only scalping...but this dont is ours targt
Money is made by sitting, not trading. Jesse L. Livermore
- Post #1,400
- Quote
- Jul 7, 2011 10:54am Jul 7, 2011 10:54am
- | Joined Jul 2011 | Status: Member | 38 Posts