Swing Trading Ideas

Did you trade the non-farm payrolls report?

I didn’t, most of you already know I don't like to trade news announcements.

You never know what could happen, almost an infinite scenarios are possible:

We could get a good number and:

- the market could go down
- the market could go up
- the market could stall
- the market could spike up or down
...

We could get a bad number and:
...

You never know...

So I’m just curious to see if there are still traders that trade news announcements.

Do you trade them?

Have a great weekend!

hello RAUL
how are you my Freind .I want Good things for You...
USDCAD :
I see Bearish pressure in Long Term!
and a Good Pattern in ST Level apear...

Modify order :




and update this trade 2.7.2012 :
I Dont see enough bearish pressure and dont like that my trade open over the asian session....and with +2pip profit close it....

hello all
this is my view of CADJPY and trade it :
Dear Raul do you trade it Like me ?

Hello Behzad,

I have both, the USDCAD and CADJPY as no tradable... I think there are clearer currency pairs to trade... The way both of them are trading on the long term charts is not that clear (at least to me)

Did you take the USDCAD trade?

Cheers,

Raul

Not much action since last Thursday

Since last Thursday the market has been quieter than usual. I mean, on

Friday we got the non-farm payrolls announcement, the market spiked and then stopped. Yesterday a small swing up, another down, and done. Today, it’s even quieter...

Looks as if something was cooking... ¿What do you think?

Anyway, I’m still focusing on the same pairs. I like the way the NZDUSD has been trading on the last few days: in a well defined short term range:

http://www.straightforex.com/forex_b...2/nzdusd28.png

I’ll be looking for long opportunities around the bottom of the range.

Will you be trading the NZDUSD? Let me know.

Good Trading!

yes dear I toke that trades and hit my SL...

NZDUSD & EurUsd in well range....
but I think EURUSD Break its Rang:

Yes there is very little volume atm and the price stays high.

It looks like they are waiting for an agreement to be announced but IMO nothing is going to be announced until Wed evening (European time) when the proposal goes through the Greek parliament

Behzad, Yep, I'm also looking for long opportunities on the EURUSD...


Billv, you are right there, we'll probably have to wait till Wednesday to see some action...

Good luck!

Is it time to long the EURUSD?

I think it’s getting close, I’m already in a bullish market condition on the EURUSD, I’m just waiting for a retracement to the ST support level (1.3215), get upward pressure and I’ll be going long:

http://www.straightforex.com/forex_b...2/eurusd88.png

You think is about time to long the EURUSD? Or are you even looking for trade opportunities on the Euro?

Please let me know.

Trade Safe!

hello dear Raul
I think CADJPY get in Bullish condition....

Hey Behzad, I'm still not comfortable with the CADJPY... it's not that clear on the long term charts, I think there are other currency pairs with a clearer market condition... EURUSD, GBPJPY, USDCHF....

Cheers,

Raul

What do you think of my trade on the EURUSD?

Yesterday I wrote about the EURUSD, I really felt comfortable going long. And guess what, I went long.

Now, I need to admit that it was a little risky, there was this important announcement about the European economy and whether or not European countries were going to support Greece. Luckily they ended up supporting Greece.

This is the chart:

http://www.straightforex.com/forex_b...2/eurusd89.png

The yellow line on the middle was my entry level, the one at the bottom is my SL. My TP orders is way up! My risk reward ratio of this trade is larger than 10:1.

I like the fact that the EURUSD it’s been supported by LOPS1. But only time will tell what happens with my trade.

What do you think? Let me know.

Good trading!

hi Raul
hey you take nice signal very Clear and Good Pressure!
Raul I see this pattern on NZDUSD,I think this pair get in bearish :

Hello Behzad,

In order to get upward or downward pressure you need a clear and valid movement made by at least two candlesticks before your signal! So that wouldnt be a signal to go short!

Do you have anything this week?

Cheers,

Raul

AUDCAD looking good for longs

Hope you all had a great weekend!

How do you think the market reacted to the Greece austerity plan? Truth be told, I thought the market was going to have larger swings... at least some of the pairs that traded the whole week on a very tight range...

Anyway, last week the AUDCAD broke through an important resistance level triggering a bullish market condition. Now I’m waiting a retracement to the ST support level:

http://www.straightforex.com/forex_b...2/audcad21.png

And if it forms a significant pattern with upward pressure, I’ll be going long!

Have a great week ahead!

My trading plan for the NZDCAD
Happy Valentine’s day everyone!

What are your thoughts for the NZDCAD? Right now it is trading in a short term range, so for now range trading, but I‘ll be ready if it breaks either extreme of the range:

http://www.straightforex.com/forex_b...2/nzdcad10.png

If it trades in between 0.8348 and 0.8264 I’ll keep trading the range, short opportunities around the top of the range and long opportunities around the bottom of the range.

If it breaks the upper resistance level, it will trigger a bullish market condition and only long opportunities will be in play.

If it breaks the bottom of the range (0.8264) I’ll only be looking for short opportunities.

What do you think?

Good trading!

i am waiting for these.looking and waitng for pattern for entering
what do you think sir?
audjpy long opportunity
gbpaud short opportunity
audnzd short opportunity

Hey Erfan,

AUDJPY - I'm not comfortable with the long term charts, hence I'm not trading it...

GBPAUD - I had the same entry order there, but it didnt get triggered. So I'm still waiting here...

AUDNZD - Dont have it on my trading arsenal cant comment on it

Cheers,

Raul

I’m considering longing the GBPJPY
What do you think about the GBPJPY? If you are looking for long opportunities I’m with you.

The GBPJPY is trading in a very clear bullish condition, it was clearly rejected from an important LT support level and it is likely to continue its way up.

Now, take a look at the short term charts:

http://www.straightforex.com/forex_b...2/gbpjpy36.png

It broke through an important ST resistance level, retraced back and now it is testing the support level.

Do you think it will hold? Let me know.