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HEAVY Support/Resistance System

  • #161
  • Apr 21, 2014 10:15am Apr 21, 2014 10:15am
Just added again on GBP/USD and EUR/USD

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  • #162
  • Edited 3:59am Apr 22, 2014 3:42am | Edited 3:59am
Closed gu long in scalp profit

Attached Image (click to enlarge)
Click to Enlarge Name: au.png Size: 37 KB


Went for aud usd long.


Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 33 KB


Went for UJ short.
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  • #163
  • Apr 22, 2014 5:36am Apr 22, 2014 5:36am
Closed EU long.

Hope you guys earn some money too.
Learn to Trade is Important. Keep your bias & ego aside.
  • #164
  • Apr 22, 2014 9:05am Apr 22, 2014 9:05am
Quoting chaosbun
Closed gu long in scalp profit {image} Went for aud usd long. {image} Went for UJ short.
Au +20 pips . Thinking that wiser to close than play news release. Good profit for big lot scalper
Readd uj short
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  • #165
  • Edited 10:18am Apr 22, 2014 9:57am | Edited 10:18am
Best time to long EUR/USD and XAU/USD .

EUR/USD

Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 38 KB


Let's go to step 3




XAU/USD - GOLD

Attached Image (click to enlarge)
Click to Enlarge Name: xau.png Size: 48 KB



This week market is so interesting even though its just tuesday.

Attached Image
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  • #166
  • Apr 22, 2014 1:03pm Apr 22, 2014 1:03pm
Adding GBP/USD and GBP/JPY short.

GBP/USD at high with strong resistance, GBP/JPY touching daily downtrend trendline.
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  • #167
  • Apr 22, 2014 2:46pm Apr 22, 2014 2:46pm
Nice thread...

With a 4k account...what lot size do you recommend to use ?
  • #168
  • Apr 22, 2014 4:00pm Apr 22, 2014 4:00pm
Quoting spfcfx
Nice thread... With a 4k account...what lot size do you recommend to use ?
1. How much you expect to make
2. How long you been trading
3. Are you winning or losing overall in your trading

As for me, I trade about at least 1 lot per pair with 500x leverage.I am more of a scalper so i always play 1 lot and aim at least 10 pips of scalp to 30 pips approx the lot size really depend how confident you are . And also how experience you are.if you are new. Dont play too big and risk everything in 1 session
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  • #169
  • Apr 23, 2014 1:37am Apr 23, 2014 1:37am
If you like to play the range of AUD/USD ..

Attached Image (click to enlarge)
Click to Enlarge Name: aud3.png Size: 47 KB


Second Technical Point:
Aussie is approaching the first line of support on a daily basis, with 0.9272 ( 0.236% of 0.8660-0.9460) being the objective. (The red support line drawn on chart)
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  • #170
  • Apr 23, 2014 1:40am Apr 23, 2014 1:40am
Expect some movement at GBP news. Probably downside in my opinion.

Time will reveal. A break of 1.6810 target lower movement towards 1.6803 and maybe will test 1.6780 maybe today or so..

However a higher move towards 1.6889 and breach through will target 1.7025

I fancy the downside more than the upside for current wave.
Learn to Trade is Important. Keep your bias & ego aside.
  • #171
  • Edited 2:46am Apr 23, 2014 2:25am | Edited 2:46am
Quoting chaosbun
Expect some movement at GBP news. Probably downside in my opinion. Time will reveal. A break of 1.6810 target lower movement towards 1.6803 and maybe will test 1.6780 maybe today or so.. However a higher move towards 1.6889 and breach through will target 1.7025 I fancy the downside more than the upside for current wave.
Trade close before news release.

GU earn 24 pips, GJ earn 45 36 pips.

Good day
Learn to Trade is Important. Keep your bias & ego aside.
  • #172
  • Edited 3:20am Apr 23, 2014 3:08am | Edited 3:20am
Added 0.7 lot size and made 25 pips on EUR/USD long when price went down at bad French Data.
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  • #173
  • Apr 23, 2014 3:16am Apr 23, 2014 3:16am
Quoting chaosbun
Best time to long EUR/USD and XAU/USD . EUR/USD {image} Let's go to step 3 XAU/USD - GOLD {image} This week market is so interesting even though its just tuesday. {image}
Trade close in the price now.

about 17 hours ago..

I posted this

Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 38 KB


The chart now

Attached Image (click to enlarge)
Click to Enlarge Name: eu3.png Size: 37 KB
Learn to Trade is Important. Keep your bias & ego aside.
  • #174
  • Apr 23, 2014 3:32am Apr 23, 2014 3:32am
Quoting chaosbun
Another Chart I would like to share is this. EUR/GBP LONG {image} I fancy a long here . with support holding and a break out of the down trend. I anticipate E/G will rise over time. The movement of 1,2,3 pattern is this way. Step 1 Break out of trend Step 2 Went back to test support (if break out of down trend) <- EUR/GBP current position Went back to test resistance (if break out of up trend) <- Not applicable as this is a break out of down trend. Step 3 Continue going down (if down trend) Continue going up (if uptrend) In regards to step 2, normally...

This one slightly longer, open at monday , made some money too. Closed in profit.
Learn to Trade is Important. Keep your bias & ego aside.
  • #175
  • Apr 23, 2014 3:43am Apr 23, 2014 3:43am
Some love for EUR/USD short after that bull run.

Attached Image (click to enlarge)
Click to Enlarge Name: eu2.png Size: 37 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ea.png Size: 34 KB


EUR/AUD require bigger SL so I play at my singapore broker which only 50x leverage.

---------
Fancy some short as Resistance is near for EUR/USD and EUR/AUD

I also plant a bigger short with SL for EUR/USD quite high up at 100 pips away, can say is sure win. just wait for time to ripe, and get me another few scalp profit for today.

I am not greedy, all I ask is just another 20-30 pips for each account I open with short.
This is against the trend play. But I just keep it there because I am comfortable with what I am doing.
Learn to Trade is Important. Keep your bias & ego aside.
  • #176
  • Apr 23, 2014 3:53am Apr 23, 2014 3:53am
New Trend line chart for EUR/USD (provided 1.3850 don't break)

Attached Image (click to enlarge)
Click to Enlarge Name: eu4.png Size: 41 KB


Then I should see lower like 1.3810-1.3820 at tonight new york session.
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  • #177
  • Apr 23, 2014 9:50am Apr 23, 2014 9:50am
Quoting chaosbun
New Trend line chart for EUR/USD (provided 1.3850 don't break) {image} Then I should see lower like 1.3810-1.3820 at tonight new york session.
Ding dong.. trade close
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  • #178
  • Edited 10:13am Apr 23, 2014 10:01am | Edited 10:13am
EUR/JPY & USD/JPY seems good to buy now.

SL need to be wider thou. Maybe 60 pips for EJ and 40 pips for UJ

Attached Image (click to enlarge)
Click to Enlarge Name: uj2.png Size: 74 KB
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  • #179
  • Apr 23, 2014 1:14pm Apr 23, 2014 1:14pm
Something big coming. nasty in less than 3 hours time

Attached Image (click to enlarge)
Click to Enlarge Name: nzd1.png Size: 40 KB


Don't miss the train.. If it does rate hike again this time, it will likely test 0.8700 without doubt.

Previous NZD rate hike reaction

Attached Image
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  • #180
  • Apr 23, 2014 1:34pm Apr 23, 2014 1:34pm
my entry at this morning:
entry:172.637
sl:172.823 (20 pips)
TP:171.599
profit over 100 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpydaily.png Size: 40 KB
Click to Enlarge Name: gbpjpym15.png Size: 46 KB
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