{quote} it 's listed under the attachments...
Thank you!
- #22,702
- Apr 19, 2016 2:38am Apr 19, 2016 2:38am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
{quote} Huh, it never crossed my mind to click on that button. Mind=blown!
{quote} it 's listed under the attachments (Pivot2.ex4) {image}
)Use it wisely
- #22,705
- Apr 19, 2016 12:53pm Apr 19, 2016 12:53pm
That's it Use it wisely
Great job on the Pound yesterday. Both the short and the breakout trades played up nicely.
I should've taken them instead of blowing the account chasing gold.
- #22,706
- Apr 20, 2016 4:24am Apr 20, 2016 4:24am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
The GBPUSD has washed off Brexit talks and it is showing an upward momentum on intraday time frames. After better than expected Claimant Count change (Change in the number of people claiming unemployment-related benefits during the previous month) the pair is showing now moment buyers off 1.4345-60 withing a bull flag. If we add the distance of the flag pole to the possible breakout point we can see that the pair might be targeting 1.4477 and only H4 close or H1 momentum above 1.4477 will target 1.4541.
Current momentum is strong and we might see a bullish continuation as flag is suggesting.
Current momentum is strong and we might see a bullish continuation as flag is suggesting.
- #22,707
- Apr 20, 2016 4:45am Apr 20, 2016 4:45am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
{quote} With great power comes great responsibility. I know and I will. Great job on the Pound yesterday. Both the short and the breakout trades played up nicely. I should've taken them instead of blowing the account chasing gold.
- #22,708
- Edited 6:21am Apr 20, 2016 5:37am | Edited 6:21am
- | Joined Jan 2015 | Status: Zaedno pravi sila. Cosmos e za nas. | 1,932 Posts
Hey T,
As you know, I mainly trade Equities, and as I am well aware that you often trade JPY pairs when you see strong reversals on Equities.
I thought I'd share this little trading pattern that usually occurs ahead of ECB Draghi speeches, in the sense that European Equities are often bought up leading into and at the start of the meeting...
For those that trade FX pairs, its usually good to trade a Long trade also on AUDJPY and USDJPY pairs at this time, just check what these pairs did leading into the start of his meeting, say 20mins ago on the charts, both up (AUDJPY chart attached).
As you know, I mainly trade Equities, and as I am well aware that you often trade JPY pairs when you see strong reversals on Equities.
I thought I'd share this little trading pattern that usually occurs ahead of ECB Draghi speeches, in the sense that European Equities are often bought up leading into and at the start of the meeting...
For those that trade FX pairs, its usually good to trade a Long trade also on AUDJPY and USDJPY pairs at this time, just check what these pairs did leading into the start of his meeting, say 20mins ago on the charts, both up (AUDJPY chart attached).
- #22,711
- Apr 21, 2016 1:10am Apr 21, 2016 1:10am
- Joined Dec 2008 | Status: Trader | 2,931 Posts
persistence and determination alone are omnipotent
- #22,712
- Apr 21, 2016 3:33am Apr 21, 2016 3:33am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
NZDJPY is one of the pairs pair that has a strong correlation to equities. Nikkei and DAX are +92/90 correlated to NZDJPY and that is extremely high correlation, so they are moving in the same direction. Most important Yen crosses ( USDJPY, AUDJPY, NZDJPY) are an excellent Risk ON/OFF indicator. As the lending rate of one currency increases relative to another, investors are attracted to the higher yielding currency.
Technically NZDJPY is bullish but we see an inner trend line that has been broken with H4 perfectly aligned with previous swing. If we see H1 momentum above or H1 close above H4 camarilla pivot, the pair can make a bullish breakout to H5 and that is 77.54. If we see a pullback towards 75.64-80 zone (previous breakout point, bullish order block (A), 50.0,L5) the price could spike from POC towards 76.34 (L3), and further towards the H3 - 76.86. market is currently calm ( as expected ) so we might expect volatile session later during the day. We may expect a movement just before, during Draghi speech today or after.
Technically NZDJPY is bullish but we see an inner trend line that has been broken with H4 perfectly aligned with previous swing. If we see H1 momentum above or H1 close above H4 camarilla pivot, the pair can make a bullish breakout to H5 and that is 77.54. If we see a pullback towards 75.64-80 zone (previous breakout point, bullish order block (A), 50.0,L5) the price could spike from POC towards 76.34 (L3), and further towards the H3 - 76.86. market is currently calm ( as expected ) so we might expect volatile session later during the day. We may expect a movement just before, during Draghi speech today or after.
- #22,716
- Apr 21, 2016 10:04am Apr 21, 2016 10:04am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
- #22,717
- Apr 21, 2016 11:46am Apr 21, 2016 11:46am
- Joined Dec 2008 | Status: Trader | 2,931 Posts
{quote} That one was great! Well done
but was fed up with work and didn't got the time to take it. But learned from the best 
persistence and determination alone are omnipotent
- #22,718
- Apr 22, 2016 2:23am Apr 22, 2016 2:23am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
NZDJPY is one of the pairs pair that has a strong correlation to equities. Nikkei and DAX are +92/90 correlated to NZDJPY and that is extremely high correlation, so they are moving in the same direction. Most important Yen crosses ( USDJPY, AUDJPY, NZDJPY) are an excellent Risk ON/OFF indicator. As the lending rate of one currency increases relative to another, investors are attracted to the higher yielding currency. Technically NZDJPY is bullish but we see an inner trend line that has been broken with H4 perfectly aligned with previous swing. If...
- #22,720
- Apr 22, 2016 10:27am Apr 22, 2016 10:27am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
{quote} Thnx