Hedge Fund Styles Trading - Long and Short Term Setups

Impact News for Tonight:

8:30pm......AUD........Monetary Policy Meeting Minutes.

I will be Watching AUD/USD - AUD/CAD - AUD/CHF - EUR/AUD

4-Hourly Chart for AUD/USD


Hourly Chart for AUD/USD



Note: 5-15mns after the News Release, you will know what to do by looking at the FX Supreme Meter
Indicator....

--- GO Long (Bullish) if AUD is Strong, and USD is Weak (Its best to find your Long Entry on M15TF,
but use H4TF as your guidance for Profit Target. )

----GO Short (Bearish) if AUD is Weak, and USD is Strong (Go to the Hourly TF, and Use that Bearish Bat
as an excuse to find the right Entry, Stop-Loss and TPs---TP1 is at 88.6% Fib Level (0.76200ish ) and TP2 is at
161.8% Fib Level (0.74785)

Enjoy!!

AUD/CAD Insight:

It's best right now to Observe the Chart, and pull the Trigger after the News Release....

It's obvious that AUD/CAD is Bullish, but when I checked the Supreme Meter Indi, it tells
me that AUD is a bit Weak, and CAD is a bit Strong....

Now, in order to avoid any confusion is to be patient, and wait for the right opportunity.

Hourly Chart for AUD/CAD:

AUD/CHF Insight:

There's not much going on AUD/CHF, but If this pair decides to go DOWN (Bearish).

Profit Target is definitely at around 0.70550ish (Short Trade Only )

and For Bullishness, I would assume that Price Action might test 0.73800 as our

Profit Target for a Long Trade.

M30TF for AUD/CHF:

hi

There was a spike of over 20 pips in the upwards direction awhile ago on AUDUSD...institutions already know the outcome of the news...



Regards
Dennis

hi

Was it to take out the buy stops placed by retail traders...lets wait and see..

EUR/AUD Insight:

This pair has no story line, and I have no interest on doing anything to it again...I was hoping to get a clear
vision from EUR/USD after Draghi Statement, and it looks like EUR pairs weren't faze at all....

I do have a Long-Term Idea for this pair, but I am a bit skeptical because AUD News Tonight might change
the Framework, but keep in mind..... EUR/AUD wants to go DOWN instead of UP!

Stay Tuned, and hopefully by Wednesday I will find something to say....FOMC statement gets people uptight!!

I did notice that while I was doing my Analysis....Let's hope for the Best here... News is out....I am going to wait for a bit!!!!

Update at 8:33pm for FX Supreme Meter:


Keep your eyes on AUD... Looks like this Currency is STRONG!!!

hi Octavejay


Please can you share your indicators and template.

Thanks

For sure Mate!

First Set:

Second Set of Indicators:

This is the Overall Picture:


Note: If you decide to use that template/System for your own trading and analysis, I would appreciate it
if you share your experiences/Results here from time to time.....Make the Most out of it yall!!!

Upcoming Daily Market Calendar:

Wednesday, June 17th, 2015



Potential Watchlist for Wednesday:

GBP/USD - GBP/CAD - GBP/CHF - GBP/AUD - GBP/JPY

EUR/USD - EUR/GBP - EUR/JPY - EUR/CAD - EUR/NZD

NZD/USD - USD/JPY - AUD/USD - AUD/JPY - USD/CHF

Note: Busiest Day of the Week.....Be Careful, and Let's make some Pips.

Most Importantly: If you want to see what I am looking for on those pairs... Just download my Template/Indis
and Open them Charts on either H4TF or Hourly TF. (Hint: I made over 700+ pips in the last 3 wks with this system)

Just keep it simple and be Patient!!!

Btw, News Trading is the Way to Go... As a Technical Trader, your job is to CREATE the Roadmap, and when the News
come out, it will follow the Road like a GPS if you properly identify your levels of Support and Resistance.

hi Jay

Thanks for the Indis...I have not really traded news before but if u say it works then I am willing to give it ago...like u said we have to create a roadmap....so do u trade before the actual news comes out or u wait maybe a few minutes after the release. Would be great if u could shed some light this.

Regards

Dennis

As you know, there's always a High Risk Involved when it comes to News Trading, but without VOLATILITY, we can't make MONEY...

And, it's only fair as a trader to combine both of them. Of Course, I do trade before the News but it depends on the News....If there's no movement in the Market, I will wait for the Actual News and trade it after.....Its too risky to open Positions 10-15mns before the News Release... That's Bad, and Gaps will eat you up if you are wrong about the Actual Direction....

FOMC Statement is going to dominate the rest of the week, and I can guarantee you whatever the Direction USD/JPY takes tomorrow, that Direction might last for the next week or so and on top of that, there's speculation that the Feds is going to raise "Interest Rate"...And, if the Language doesn't change about hiking rate, we will see some massive movement to the Upside for USD/JPY...And Traders will have the conviction to keep Buying USD/JPY till September....

See! Knowing that the Feds is going to be on your side gives you an edge to keep buying every pullbacks and even ignore Technicals because you are trading in the same direction with institutional traders or the Banks.

Hope it's not too much explanation mate! LOL!

Hi Jay

I also read somewhere about the rate hikes...USdJPY seems to be ever in an uptrend...just last i put a buy order on EJ and missed my TP by a couple of pips...i knew that due to Pound being bullish there will be Euro buying...Yen was weak at the time i placed the trade...just after the GB news i checked my trade and yeah it just missed by a couple of pips...really bad two weeks for me so far..made just around 200pips three weeks a go and now down about 150 pips.. you are right as there is volatility during the news...i will try and look for opportunities after the news releases. Lets see how it goes...hope to get more inputs from you mate.


Regards

Dennis

Yen Crosses are fun to trade, but you always have to be in the right TREND at the right time....More too often, I had to go on monthly Chart to find structures
for them pairs...It's just so crazy to see them things go UP, UP and UP with no fuck given.

The Trading week is still young, and there's plenty of room for you to make some good pips and finish the week on the positive side...Be Patient and wait for the right Signal to be initiated...Like I said last night, If Feds language stays positive or Hawkish for rate hikes, that reaction is going to determine the rest of the week....Meaning, we will only have to focus on Buying Strength, and Selling Weakness till Friday or even next week....

By the way, it might take a while for you to grasp the whole concept of news trading, but what you need to understand is this thing is a day-to-day Learning Process, and there's no One Specific way, mate.

For now, just follow my 4 Steps Process from my previous post; and work on your personal Daily Routine, and you will do just fine....Do you trade London Session, U.S or Asian?

Jay

IMF warns US Federal Reserve should delay rate hike until 2016

More reading if you care about what the Mafias are saying HERE

The News is out now, and the Federal FUND Rate is Unchanged....My Platform is frozen, and I can barely do
anything right now....

I will be watching Janet Yellen Speaks at 1:30pm, and maybe after 2:00pm or 2:30pm, I will try to find
some opportunities....

Updated:

FOMC Sticks to Its Course:- Hiking Rate will eventually happen later this year and who knows? Too much
politic involved, and I will believe it when i see it...

Some Major News Events coming up Tomorrow:

CHF - Libor Rate / SNB Press Conference
GBP - Retail Sales
USD - CPI / Core CPI
JPY - Monetary Policy Statement


Later!

Hi Jay

I mostly trade daily TF and my daily candle closes around 0.00 US EST...that's 4pm my time(New Zealand)...Oanda is the broker I trade with. So my daily candle closes afternoon session of asia...not ideal I know... have been with Oanda for a while so don't feel like changing..the best daily candle close would be end of NY session...but if there is momentum i.e. I buy after a solid bullish candle is printed at daily close and sell when a solid bearish candle is printed after daily close. Its that simple. I do look at weekly and monthly High and Lows and S&R nearby and the trend. Not saying it always gives me good pips but its less stressful. I look at around 10 to 16 or so pairs and try and look for1 trade a day if the opportunity presents itself. I am also trying out the TDI indicator as I read a bit about it on the Trading Made Simple Thread. Looks ok but then again all indicators lag and its more about luck if u just follow the indicator. PA is more important, especially near S&R zones. It would be great to trade around news as u stated as that's when we get volatility. The problem is that price accelerates so fast with huge spreads and its hard to get in on time. After about 15 o so minutes I have seen on a number of occasion that price tends to pullback quite a bit. This is one of the reasons I tend to look at dailies as there is less noise and we can gauge momentum to some extent...high risk but high returns. As you have mentioned to trade around the news as traders we have to be aware of all fundamental issues, speeches, gossips etc...there is always hints I guess. I have seen even big time analysts failing so many times in predicting the outcome of news. This is the reason we have very limited success rate in the Forex trading.. Not impossible but damn hard. We all learn everyday and its good to see u analyzing and giving us tips. I follow ur posts and it is really helpful. Keep trucking mate...will give my input when I see something on my chart....

Regards

Dennis