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HEAVY Support/Resistance System

  • #121
  • Apr 7, 2014 9:42am Apr 7, 2014 9:42am
USD/JPY seems heavy with stock weighting on it..

Was thinking to long but maybe wait for a better price.. perhaps 102.90 ?

SPX500
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UJ
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Learn to Trade is Important. Keep your bias & ego aside.
  • #122
  • Apr 7, 2014 10:02am Apr 7, 2014 10:02am
Quoting werther
Morning from MADRID taking Profits in USD CAD. Long USDJPY. Short EUR GBP. {image} {image} {image}
nice call in usdcad.
  • #123
  • Apr 7, 2014 11:35am Apr 7, 2014 11:35am
Quoting chaosbun
{quote} Sometime, time = money {image} so.. while waiting for my perfect price, I ride it down with the market.
Update on this is close at low 06 and went long instead at 06 with a small lot size for initial position.
Learn to Trade is Important. Keep your bias & ego aside.
  • #124
  • Apr 7, 2014 2:16pm Apr 7, 2014 2:16pm
Quoting chaosbun
Went for the commodities with my leftover equity (60% approx - Singapore Broker) NZD/USD and AUD/USD, my entries with 25 pips stop loss. {image} As for NZD chart I think you can see the invisible support line yourself Should not need me to draw it .. {image} If it break my SL and head down, I think the bear take over for commodities, but I like to play this zone with very tight sl for some nice rewards. My SL is approx 5-10 pips away from the point I draw SL as to give some gap for a slight cut. > Reasons for Entries < > At key support zone -...
Closed all position. Time to sleep at singapore - 316am here, saw 2 upcoming fundamental release for NZD & AUD, I guess I will stay out and hug my profits.
Learn to Trade is Important. Keep your bias & ego aside.
  • #125
  • Apr 7, 2014 8:37pm Apr 7, 2014 8:37pm
possible trade coming up. Waiting for it to show weakness then going in.
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  • #126
  • Apr 7, 2014 9:46pm Apr 7, 2014 9:46pm
another possible entry usdcad.
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  • #127
  • Apr 7, 2014 11:48pm Apr 7, 2014 11:48pm
Quoting danieltang
another possible entry usdcad. {image}
Be careful still, the trend is still downhill.
Learn to Trade is Important. Keep your bias & ego aside.
  • #128
  • Apr 7, 2014 11:58pm Apr 7, 2014 11:58pm
Quoting chaosbun
{quote} Be careful still, the trend is still downhill.
roger that. Long usd/jpy. Don't think will go in usdcad anytime soon unless position in UJ close.
  • #129
  • Apr 8, 2014 12:58am Apr 8, 2014 12:58am
Quoting danieltang
{quote} roger that. Long usd/jpy. Don't think will go in usdcad anytime soon unless position in UJ close.
There some large option expiration for both uj and usdcad at the upside that might pull price near it when expire Both are 40 to 50 pips away
Learn to Trade is Important. Keep your bias & ego aside.
  • #130
  • Apr 8, 2014 2:20am Apr 8, 2014 2:20am
took a loss in U/J for 18pips. Bad call.
  • #131
  • Apr 8, 2014 2:34am Apr 8, 2014 2:34am
Going LONG USDCHF
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  • #132
  • Apr 8, 2014 4:51am Apr 8, 2014 4:51am
very high risk entry ...
sell gbpusd
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  • #133
  • Edited 5:25am Apr 8, 2014 5:11am | Edited 5:25am
Uj is ready for a long. Sl somewhere at 40
I see 2 heavy support at 48 and 45 zone. But the general trend for uj seems to be downhill.could this be a chance for add in dip
Or the support is just for show. Time will reveal.
Learn to Trade is Important. Keep your bias & ego aside.
  • #134
  • Edited 10:20pm Apr 8, 2014 10:08pm | Edited 10:20pm
Do you think GU go in to heavy resistant zone?
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  • #135
  • Apr 8, 2014 11:42pm Apr 8, 2014 11:42pm
Quoting dinhienhy
Do you think GU go in to heavy resistant zone? {image}
look more like consolidating than heavy resistance. i cant find a good heavy resistance for this pair. The one i saw is around 1.6770. and that resistance is from march 7 2014.
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  • #136
  • Apr 8, 2014 11:49pm Apr 8, 2014 11:49pm
NZDUSD. Waiting for weakness now.
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  • #137
  • Apr 8, 2014 11:55pm Apr 8, 2014 11:55pm
usdcad.
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  • #138
  • Apr 9, 2014 1:56am Apr 9, 2014 1:56am
long usdcad, short nzdusd. Now waiting game.
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  • #139
  • Edited 9:23am Apr 9, 2014 5:21am | Edited 9:23am
profit NZDUSD. 18 pips.

USDCAD move sl to breakeven. Still holding on.

update: USDCAD got out at breakeven.
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  • #140
  • Apr 9, 2014 10:10am Apr 9, 2014 10:10am
Closed my NZD/USD short at 96 on spot 53, now added 2 new positions


USD/CHF Long

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EUR/USD short

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They are at the spot where its either "Make or Break". The spot where either trend change or trend resume. We will see

The Breakout zone, I will give 30 pips tolerance to each of them to test the water.
Learn to Trade is Important. Keep your bias & ego aside.
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