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  • #21,821
  • Aug 26, 2015 6:10am Aug 26, 2015 6:10am
GBP taking a hit,

Interesting to see that it could sustain above 1.5620. Obviously EUROSTOXX50 futures has highly negative correlation to EUR and GBP, GBP even more. Now the focus is on Core durable orders data today
  • #21,822
  • Aug 26, 2015 6:38am Aug 26, 2015 6:38am
Session Recap trade setups:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 183 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 180 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 169 KB


Webinars are FREE so feel free to join
https://goo.gl/jGZYgy
  • #21,823
  • Aug 26, 2015 3:18pm Aug 26, 2015 3:18pm
very good of you guys to have the record webbinar on site apriciate ; )
Scalping
  • #21,824
  • Aug 27, 2015 2:46am Aug 27, 2015 2:46am
Quoting guguxpto
very good of you guys to have the record webbinar on site apriciate ; )
Thanks!
  • #21,825
  • Aug 27, 2015 2:47am Aug 27, 2015 2:47am
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-26EURUSD.jpg Size: 282 KB


Pending buy 1.1250 SL 1.1210 TP 1.18 - next week we should bounce.
  • #21,826
  • Aug 27, 2015 4:16am Aug 27, 2015 4:16am
USDJPY reached 120.50 after a big spike down preceded by PBOC decision to reduce its interest rate and ease bank reserve requirements. Technically a huge drop which we see on USDJPY chart is actually a BEARISH PENNANT and short to mid term the pair could bounce from 120.50 targeting even 114.40 levels (!). Bearish pennant can be seen on H4 chart but zooming in we can see it better on H1 chart. Adding the flagpole distance to the projected distance from breakout and we get 114.40.
Weekly cam pivots show L4/L5 confluence with a bearish pennant adding one more part of chart confluence. The projected move is short to mid term. Intraday shorts could reach 119.10 zone. Have in mind that the move is valid as long as 121.50 stands strong.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-27_10-00-06.jpg Size: 212 KB
  • #21,827
  • Aug 27, 2015 6:25am Aug 27, 2015 6:25am
Great article on USD rate hike

http://www.admiralmarkets.com/analyt...-the-balance-3
  • #21,828
  • Aug 27, 2015 8:08pm Aug 27, 2015 8:08pm
Quoting T@rantula
Session Recap trade setups: {image} {image} {image} Webinars are FREE so feel free to join https://goo.gl/jGZYgy
Hi T, is the analysis for usd/cad still valid?
so far the highest it has reached until 1.327.
Can we still hold it to reach the mentioned TP in the chart?
  • #21,829
  • Aug 28, 2015 2:21am Aug 28, 2015 2:21am
Quoting fx-anew
{quote} Hi T, is the analysis for usd/cad still valid? so far the highest it has reached until 1.327. Can we still hold it to reach the mentioned TP in the chart?
Hi FX-Anew, I advise takin profits now. We trade the first touch of the zone and the 1st one is usually most profitable one. We had more then 100 pips on it
  • #21,830
  • Aug 28, 2015 3:24am Aug 28, 2015 3:24am
Booking 50 pips on EURUSD. If 1.1330-50 resists we could see shorts.
  • #21,831
  • Aug 28, 2015 4:21am Aug 28, 2015 4:21am
Quoting T@rantula
Booking 50 pips on EURUSD. If 1.1330-50 resists we could see shorts.
Hi T, will this means that the long trend on this pair has ended and its going for a short trend?
  • #21,832
  • Aug 28, 2015 4:31am Aug 28, 2015 4:31am
Quoting fx-anew
{quote} Hi T, will this means that the long trend on this pair has ended and its going for a short trend?
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-26EURUSD.jpg Size: 282 KB


Watch this chart. The levels are clearly stated. Yes we saw rejections from 1.1250, but in order to have a firm uptrend we should see 1.1350 broken to the upside. Its the primary principle of PA trading. 1.1350 is RESISTANCE now, it needs to turn into support thus confirming another leg up. Finally 1.1560 needs to break again for uptrend to continue. Else...we might see a drop.

The price has reached 1.1310 zone today. So it struggles to break in INTO the resistance area. The chart say watch 1.1330-50 for a possible rejection. If it turns into support ( by a retest / bpc pattern ) then it should proceed to 1.14+ ultimately testing 1.1560.

I need to see daily close and I will present new setups ( or continuation ) on Monday recap webinar.
  • #21,833
  • Aug 28, 2015 5:01am Aug 28, 2015 5:01am
Quoting T@rantula
{quote} {image} Watch this chart. The levels are clearly stated. Yes we saw rejections from 1.1250, but in order to have a firm uptrend we should see 1.1350 broken to the upside. Its the primary principle of PA trading. 1.1350 is RESISTANCE now, it needs to turn into support thus confirming another leg up. Finally 1.1560 needs to break again for uptrend to continue. Else...we might see a drop. The price has reached 1.1310 zone today. So it struggles to break in INTO the resistance area. The chart say watch 1.1330-50 for a possible rejection. If...
T, normally for each recap and rejection, how much is the movement of pips technically?
Do we technically use 50 pips as a standard measurement of the movement?
  • #21,834
  • Aug 28, 2015 5:20am Aug 28, 2015 5:20am
Quoting fx-anew
{quote} T, normally for each recap and rejection, how much is the movement of pips technically? Do we technically use 50 pips as a standard measurement of the movement?
Session Recap is Free webinar which i hold each Monday. Feel free to join.

I usually measure the distance between interim and strong resistance, then i decide whether I will use trailing stop, scale out or leave the trade going.
  • #21,835
  • Aug 28, 2015 5:24am Aug 28, 2015 5:24am
Quoting T@rantula
{quote} Session Recap is Free webinar which i hold each Monday. Feel free to join. I usually measure the distance between interim and strong resistance, then i decide whether I will use trailing stop, scale out or leave the trade going.
Thank you T for the explanation, is there a link to join the respective webinar?
Usually what time will it be held?
  • #21,836
  • Aug 28, 2015 5:51am Aug 28, 2015 5:51am
Quoting fx-anew
{quote} Thank you T for the explanation, is there a link to join the respective webinar? Usually what time will it be held?
Sure here is the link:

https://attendee.gotowebinar.com/reg...55099702770434

It always the same time: 18:00 GMT+2 16:00 GMT
  • #21,837
  • Aug 28, 2015 6:46am Aug 28, 2015 6:46am
GBPUSD felt heavily after EUROSTOXX50 futures surged couple of days ago and was influenced by a global fear of China slowdown and PBOC Yuan devaluation. Also, BOE is still holding off from rate hikes and we have some clues that the hike could come at the end of the year. BOE's governor Carney unwillingness to share any more details about recent events and possible rate hike led to a strong sell off of GBPUSD pair.
Technically the pair sold off 1.5800-20 zone as i suggested on LIVE webinars- pre fact, but even I am a bit surprised of the huge GBPUSD weakness in the recent days. 1.5530 level shows the X Cross- the intersection of trend lines. X cross usually finds strong confluence with other price factors, this time it is H5 camarilla pivot. 1.5530 is a strong point for taking short trades. Interim resistance is 1.5445 zone as we can see H3 camarilla and double top confluence. Interim support lies at 1.5360 and if that level is broken the price should accelerate to 1.5330. Notice that 1.5330 is previous double bottom and when you are reading price action you should always take HISTORICAL price action into account. Historical buyers lie at 1.5330 and in the context of historical vs now moment buyers we could see bounce from that spot. if 1.5330 is lost 1.5260 is next.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-28_12-30-10.jpg Size: 234 KB
  • #21,838
  • Aug 28, 2015 7:59am Aug 28, 2015 7:59am
While Many Panicked, Japanese Day Trader Made $34 Million
http://www.bloomberg.com/news/articl...ade-34-million
  • #21,839
  • Aug 28, 2015 8:59am Aug 28, 2015 8:59am
Quoting T@rantula
Historical buyers lie at 1.5330 and in the context of historical vs now moment buyers we could see bounce from that spot. if 1.5330 is lost 1.5260 is next. {image}
As presumed GBPUSD is rejecting off the support
  • #21,840
  • Aug 29, 2015 12:43pm Aug 29, 2015 12:43pm
Quoting T@rantula
While Many Panicked, Japanese Day Trader Made $34 Million http://www.bloomberg.com/news/articl...ade-34-million
not everyone lose or win diferent strategy deferent people ; )
Scalping
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