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  • #181
  • Mar 29, 2015 6:17am Mar 29, 2015 6:17am
....Very impressive trading going on here, scary a lot of pips up and down, good..... Good Luck to all...
The Chonchy
  • #182
  • Edited 7:18pm Mar 29, 2015 6:52am | Edited 7:18pm
As new week approaches, I sense my thread has gained some attention among the traders. I am glad we are making progress while I meet new friends as well.

Again I would like to give a friendly reminder before the new weeks starts. Please read them careful if you are new traders.

 

  1. Please note you are stepping into the realm of advance trading on the most volatile currency pairs in the FX market. These pairs are extremely unpredictable and volatile. Postion should be handled with great caution AT ALL TIME.

  2. If you are new to FX trading or used to trade WITHOUT stops, I'd stronlyg suggest you start beacktesting these pairs on a demo first. These pairs must be traded with STOP at all time.

  3. Trading these pairs should NOT be considered as a shortcut of becoming a overnight FX rich, proper risk management must be applied at all time.

  4. Be careful who you are listening to in this thread and always also ask why people post the things they post. It's important you understand them before you follow through their signals.

  5. Trade at your own risk. You are fully responsible of your own lost and trading decisions.

You may find these noted in the first post.
http://www.forexfactory.com/showthread.php?t=529742

If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #183
  • Mar 29, 2015 7:19pm Mar 29, 2015 7:19pm
Quoting chonchy
....Very impressive trading going on here, scary a lot of pips up and down, good..... Good Luck to all...
Thanks Chonchy. Please feel free to join the discussion as well if you like.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #184
  • Mar 29, 2015 8:54pm Mar 29, 2015 8:54pm
I am still in favor of up move on this one. Below chart look at the previous two reversals in green circles. On both occasions it has reversed near 0.618 of prev swing. Looks like this will be the third in succession reversal to upside and again its reversing near 0.618 area.
Attached Image (click to enlarge)
Click to Enlarge Name: ga.png Size: 142 KB
  • #185
  • Mar 29, 2015 10:48pm Mar 29, 2015 10:48pm
Chart GN H1
Short GN
TP 965
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1.png Size: 27 KB
  • #186
  • Mar 29, 2015 10:52pm Mar 29, 2015 10:52pm
GN Daily Chart
While in longer tf I am still expecting TP 2.000
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDDaily 2015 03 30.png Size: 32 KB
  • #187
  • Mar 30, 2015 3:07am Mar 30, 2015 3:07am
Quoting FXSayWhat
{quote} Thanks Chonchy. Please feel free to join the discussion as well if you like.
Thanks, FXSayWhat....I will....
The Chonchy
  • #188
  • Mar 30, 2015 3:21am Mar 30, 2015 3:21am
Long gbp-aud...@ 1.92807...based on London breakout scenario that I like to trade....tp @ 100 pips hopefully... But will start to lock profit if trade is successful.

Resistance on 4 hour chart @ around 1.9305...19315...punch through that and its gold....ha ha.
  • #189
  • Mar 30, 2015 5:06am Mar 30, 2015 5:06am
Hitting resistance @ 1.9310 or so....closed for +25 points....wait to see if it can break this level.
  • #190
  • Mar 30, 2015 5:22am Mar 30, 2015 5:22am
Quoting Forexmeoff
Long gbp-aud...@ 1.92807...based on London breakout scenario that I like to trade....tp @ 100 pips hopefully... But will start to lock profit if trade is successful. Resistance on 4 hour chart @ around 1.9305...19315...punch through that and its gold....ha ha.
.93sh is confluence zone... I would not be comfortable to long at .928sh..
well I am not breakout trader, so could not say much...
  • #191
  • Mar 30, 2015 5:49am Mar 30, 2015 5:49am
Quoting Idkurv
{quote} .93sh is confluence zone... I would not be comfortable to long at .928sh.. well I am not breakout trader, so could not say much...
Yeah...could see that 1.9315 level and sure enough it turned..still good trade...see it bounce on the 15 m chart a couple times...then its time to exit...run for the hills
  • #192
  • Mar 31, 2015 5:42am Mar 31, 2015 5:42am
Seeking to enter short GA and GN....
  • #193
  • Mar 31, 2015 4:49pm Mar 31, 2015 4:49pm
GN: Patiently waiting for a retrace to the boxed area (above 2.046), where I will probably scale in, initially targeting the .5 Fib for the 24-day hi/lo (around 2.0050):

Attached Image (click to enlarge)
Click to Enlarge Name: GN Daily.jpg Size: 751 KB
Fireworks are fun ... as long as you don't blow your fingers off.
  • #194
  • Mar 31, 2015 5:06pm Mar 31, 2015 5:06pm
GA: Long-term, GBP/AUD is a better long candidate, at least on the Daily, putting in a series of higher highs and higher lows since early September 2014. Nevetheless, in light of the somewhat massive retraces it experiences on average (933 pips on the Daily), it may be worth keeping an eye on the March 2015 high around 1.9850 to look for signs of short-term weakness that can be taken advantage of:

Attached Image (click to enlarge)
Click to Enlarge Name: GBP:AUD Daily.jpg Size: 632 KB


My concern is that 1.881 represents a lower high, and that the pair could blow past the Feb 2015 high of 2.0024 to carve out a new higher high. It also appears that any post-FOMC Aussie strength (if AUD/USD is any indication) has all but evaporated ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #195
  • Mar 31, 2015 8:17pm Mar 31, 2015 8:17pm
Quoting ZebraSquirl
GN: Patiently waiting for a retrace to the boxed area (above 2.046), where I will probably scale in, initially targeting the .5 Fib for the 24-day hi/lo (around 2.0050): {image}
Hi Zeebs, I think GN will retrace first at current level, waiting HSBC final manufacturingand GDT news, if data is good GN might retrace to 1.9sh
I am seeking to re-enter long.
Could be wrong.
My 2cents.

Quoting Idkurv
{quote} Hi Zeebs, I think GN will retrace first at current level, waiting HSBC final manufacturingand GDT news, if data is good GN might retrace to 1.9sh I am seeking to re-enter long. Could be wrong. My 2cents.
1.97sh
Sorry.
  • #196
  • Mar 31, 2015 8:25pm Mar 31, 2015 8:25pm
Quoting ZebraSquirl
GA: Long-term, GBP/AUD is a better long candidate, at least on the Daily, putting in a series of higher highs and higher lows since early September 2014. Nevetheless, in light of the somewhat massive retraces it experiences on average (933 pips on the Daily), it may be worth keeping an eye on the March 2015 high around 1.9850 to look for signs of short-term weakness that can be taken advantage of: {image} My concern is that 1.881 represents a lower high, and that the pair could blow past the Feb 2015 high of 2.0024 to carve out a new higher high....
I think GA will retrace first to around 1.92 - 1.925.
As fo AU I am expecting .77 .775 and .79sh.
Could be wrong.
  • #197
  • Mar 31, 2015 11:51pm Mar 31, 2015 11:51pm
Quoting Idkurv
{quote} I think GA will retrace first to around 1.92 - 1.925. As fo AU I am expecting .77 .775 and .79sh. Could be wrong.
Never know, especially with the Aussie ... . Darn thing seems to defy data/gravity at times ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #198
  • Edited 3:43am Apr 1, 2015 1:06am | Edited 3:43am
GA H4 bearish harmonic pattern, rejected at fibo 23.6, will see if GA will fall, or extension further up...

GN H4 bullish harmonic pattern, now (1.992sh) already at fibo 38.2.
confluence zone is around 2.0100 which is also fibo 50.
will see.

Quoting Idkurv
{quote} TP 2.00
Closed Long GN

Short GN, TP 1.98 TP2 1.97

Short GA, TP1 1.93 TP2 1.92

Will see.
  • #199
  • Apr 1, 2015 5:40am Apr 1, 2015 5:40am
Quoting thegmann
Levels were hit on GA long here on potential bounce USD seems to be gaining strength again AU rejected off .7935 nicely looking for bit of bounce hopefully in GA but this is more long term. See if this TL holds here risking around 100 for 500+ pips here if TL hold targeting bounce up towards 1.92 and then 1.95. Risky trade low leverage. GN also approaching big level Im long GA at 1.8860 SL 1.8760 Pending long GN 1.93750 SL 1.93250 These are risky purely technical plays small lots holding for larger returns hopefully. {image} {image} {image}
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot2.png Size: 63 KB
  • #200
  • Apr 1, 2015 11:43pm Apr 1, 2015 11:43pm
Think I'm going to exercise an abundance of caution and wait for post-RBA rate decision to consider entries in GA and GN ... .

I don't want to be caught with my pants down ... .
Fireworks are fun ... as long as you don't blow your fingers off.
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