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  • #22,741
  • May 2, 2016 8:45am May 2, 2016 8:45am
More than 400 pips available last week. As always results will be shown at the beginning of the webinar. Sign up HERE
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  • #22,742
  • May 3, 2016 2:44am May 3, 2016 2:44am
2 winners from Yesterday Session Recap

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  • #22,743
  • May 3, 2016 3:11am May 3, 2016 3:11am
Quoting T@rantula
Last week, the dovish FED sent USD in a downward spiral. The weakness in USD is obvious vs EUR, JPY and GBP. I have already warned about the strong GBPUSD, and today we are also witnessing the strength in the Fiber - EURUSD. The most popular currency pair is gaining ground. Strong MACD suggests a possible breakout of 1.1492 ascending channel that will lead to 1.1507 , 1,1520 and potentially 1.1557 if we see a H1 momentum or candle close above 1.1507. If we see a retracement...
Huge chunk of pips also on this one!
  • #22,744
  • May 3, 2016 3:50am May 3, 2016 3:50am
Hi Tarantula

Is position buy or alt sell still valid ?

Thanks
  • #22,745
  • May 3, 2016 5:30am May 3, 2016 5:30am
Quoting Plasma
Hi Tarantula Is position buy or alt sell still valid ? Thanks
Yes
  • #22,746
  • May 4, 2016 4:04am May 4, 2016 4:04am
USDJPY - one of the best Session Recap trades

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  • #22,747
  • May 4, 2016 4:58am May 4, 2016 4:58am
Surprising RBA decision to cut rates on Tuesday made the market tumble. It is clear that RBA is not happy with the current AUD rate so it wants its currency to be weaker. Investors should probably look to exit from any longs and based on RBA decision the bias should turn to the downside again. Remember AUDUSD is correlated to ASX200 index so pay attention to it too.
Technically the AUDUSD shows a Momentum Candle that I have been explaining on webinars and onLive Forex Expo seminar in London. Sheer momentum trading could give you huge profits. At this point price is trying to break 0.7465 and if we see H1 momentum break or 4h close below the level 0.7390 should be the target. Positional trades should come in play on a retracement towards POC. 0.7550-70 is POC zone (inner trend line, 38.2, L3, EMA89) and the price could retest the zone for next positional short trade. In that case targets are 0.7465 and IF it breaks 0.7388.

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  • #22,748
  • May 5, 2016 4:26am May 5, 2016 4:26am
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  • #22,749
  • Edited 5:30am May 5, 2016 5:05am | Edited 5:30am
The GBPUSD Construction PMI results and renewed concerns over Brexit have weighted down on the pair and it dropped touching the important level 1.4665 making a double bottom. Double bottom rejected the price and we can see so called Exaggerated or Reverse bullish divergence. If the price is making a double bottom-ish price while at the same time oscillator is making a higher low as we can see on the chart, we say that Reverse Divergence has been formed. If the price breaks an X cross (blue rectangle) - 1.4530 we can expect 1.4555 then 1.4580 and 1.4605.
However if we see the price breaking below 1.4465 we could see 1.4430 and 1.4385.

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  • #22,750
  • May 5, 2016 5:50am May 5, 2016 5:50am
+20 pips now

Bearish breakout
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  • #22,751
  • May 5, 2016 7:09am May 5, 2016 7:09am
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Cheers,
Tarantula
  • #22,752
  • May 6, 2016 3:41am May 6, 2016 3:41am
Quoting T@rantula
Surprising RBA decision to cut rates on Tuesday made the market tumble. It is clear that RBA is not happy with the current AUD rate so it wants its currency to be weaker. Investors should probably look to exit from any longs and based on RBA decision the bias should turn to the downside again. Remember AUDUSD is correlated to ASX200 index so pay attention to it too. Technically the AUDUSD shows a Momentum Candle that I have been explaining on webinars and onLive...
AUDUSD has hit all targets
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  • #22,753
  • May 6, 2016 6:51am May 6, 2016 6:51am
EURUSD PRE NFP ANALYSIS - READ IT HERE

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  • #22,754
  • May 6, 2016 7:33am May 6, 2016 7:33am
First target hit

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  • #22,755
  • May 8, 2016 10:27am May 8, 2016 10:27am
Hi guys,

Check out my new blog post


Top 6 skills that can boost your Forex trading

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  • #22,756
  • May 9, 2016 3:52am May 9, 2016 3:52am
The AUDUSD dropped heavily after unexpected rate cut. The problem is that Australia is already addicted to debt and even more debt could turn Australia into Japan which is full of debt. Additionally, the statement suggested the inflation between 1-2 % in 2016 followed with 1.5-2.5 % through mid 2018. Moreover, as the inflation problem was not enough, the RBA also expressed its worries about the strong AUD (!) that definitely hurts the exports.
Another rate cut in August is possible and sell the rallies is the option.
The POC comes at 0.7392-0.7402 (DPP, Equidistant channel top, H3) and slightly above within 0.7420-35 we have another strong POC2 (H4,EMA89) and we could see another rejection on pullbacks towards POCs. Another important level to watch for is 0.7285 (X cross breakout) as momentum break or H4 close below will target 0.7220.

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  • #22,757
  • May 9, 2016 8:57am May 9, 2016 8:57am
Sign up for Session Recap today
Last week results:

EURUSD +55 breakout + 40 position total +95
GBPUSD -40
AUDUSD +70
EURGBP didnt qualify
USDJPY +90
Total Pips Pool: +215
Trade od the week: EURUSD
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  • #22,758
  • May 11, 2016 2:14am May 11, 2016 2:14am
Great work Nenad.

Which indicator do you use to plot your camarilla pivots? All of the ones ive used plots the levels all across the chart thus making it look very cluttered and confusing.

cheers
  • #22,759
  • May 11, 2016 2:56am May 11, 2016 2:56am
Quoting sillyb0y
Great work Nenad. Which indicator do you use to plot your camarilla pivots? All of the ones ive used plots the levels all across the chart thus making it look very cluttered and confusing. cheers
Hi and thanks for comments. Charts need to be clear indeed!

Here is the indicator

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  • #22,760
  • May 11, 2016 3:03am May 11, 2016 3:03am
Quoting T@rantula
{quote} Hi and thanks for comments. Charts need to be clear indeed! Here is the indicator {file}

Thanks, much appreciated. Goodluck for the rest of the week.
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