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High probability live trades

  • #381
  • May 20, 2016 3:40am May 20, 2016 3:40am
GBP USD can't break and deal the damage - therefore all trades are closed now!
  • #382
  • May 20, 2016 4:54am May 20, 2016 4:54am
ok having reviewed GBP JPY H1 chart it's obvious that we are stuck in range bound formation, trading a break out now makes more sense.
I'm somewhat favoring upside breakout scenario at the moment however I'd be looking to put in pending trades both ways.

Targets are on the chart. I don't really like trading break out, but this time this makes sense. Stop loss @ 60 points.
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  • #383
  • May 20, 2016 4:57am May 20, 2016 4:57am
GBP USD same the formation looks like a base for to try for a move higher into 4700-4750. We failed to break out to the downside, therefore it's looking like more consolidation before a move higher.

I'm not trading this atm lacks clarity, next H4 will review again.
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  • #384
  • May 20, 2016 5:01am May 20, 2016 5:01am
GBP USD H1 potential scenario for now I'd be interested in this developing.

if we do get to 4500-4525 area it's a strong signal to go LONG GBP USD.
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  • #385
  • May 20, 2016 5:04am May 20, 2016 5:04am
revised GBP JPY

2 options here: either buying low / or buying upon upside breakout. Prefer to buy lower.
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  • #386
  • May 20, 2016 5:07am May 20, 2016 5:07am
so the plan right now is just that. Do we go long? No. Do we go short? No.

Right now we wait.
  • #387
  • May 20, 2016 5:12am May 20, 2016 5:12am
what do you guys think about the above GU/GJ scenarios? share your ideas.
  • #388
  • May 20, 2016 5:26am May 20, 2016 5:26am
good confluence with DXY overhead supply zone, the bull move not complete yet in dollar, so final push, therefore can send GU lower to 4500.
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  • #389
  • May 20, 2016 5:30am May 20, 2016 5:30am
ok I removed restrictions in the thread, post away, just keep it clean please.
  • #390
  • May 20, 2016 5:35am May 20, 2016 5:35am
Quoting asgcorp
so the plan right now is just that. Do we go long? No. Do we go short? No. Right now we wait.
I'm long GJ only because they briefly broke above the top left shoulder of the H&S pattern on GJ. Otherwise, I would have been on the side waiting.

GJ Not moving right now but there was a bearish announcement during London open with no follow through. To me this is bullish and they want to sucker in people to go short. So, on GJ i'm bullish but we are in consolidation. I think at least we are going to test the top of that head near the 161.50 area. So far, I'm in long at 160.42. So far UJ has been creeping up. You know usually GJ follows the leader UJ. Hopefully it's true in my case.

Just my opinion don't kill me if you don't agree.
  • #391
  • May 20, 2016 5:36am May 20, 2016 5:36am
Quoting asgcorp
what do you guys think about the above GU/GJ scenarios? share your ideas.
GU sounds like a good plan bullish.

It did not follow USDIndex the last days. Optimism about non Brexit. Nice bars on daily and weekly for long too. And 4520 ( 4517 ) is 50 fib for the daily bull bar on wednesday. If it comes down to this level it can be taken inexpensive entry ( small SL )
Trading in the shadow of SM
  • #392
  • May 20, 2016 6:08am May 20, 2016 6:08am
good deal maflip, actually watching here 161.20-25 see if price fades out and possible short entry. Don't see GJ breaking out at the moment.
name of the game prolly for now is range scalping.
  • #393
  • May 20, 2016 6:13am May 20, 2016 6:13am
Quoting Earleone
{quote} And 4520 ( 4517 ) is 50 fib for the daily bull bar on wednesday.
this is a very good point bro.
  • #394
  • May 20, 2016 6:33am May 20, 2016 6:33am
Quoting asgcorp
good deal maflip, actually watching here 161.20-25 see if price fades out and possible short entry. Don't see GJ breaking out at the moment. name of the game prolly for now is range scalping.
True, that is why right now I just took +50 half out. Just in case as insurance. Besides, it is also Friday.
  • #395
  • May 20, 2016 6:39am May 20, 2016 6:39am
Quoting maflip
{quote} True, that is why right now I just took +50 half out. Just in case as insurance. Besides, it is also Friday.
good deal sir.
  • #396
  • May 20, 2016 8:47am May 20, 2016 8:47am
gbp usd no changes to the gameplan. waiting for the dip to be completed @ 4500-4520
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  • #397
  • May 20, 2016 9:55am May 20, 2016 9:55am
Quoting MisterG
{quote} They say diamonds are forever , are they ? Upward or downard break ? {image} G.
Ok so our dimond broke down , but there is a chance to look for a long with the existing market momentum. There is a lot of activity around 1.45000 level so watch the price closely it may bounce.
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G.
Man lie, woman lie, numbers don't
  • #398
  • May 20, 2016 10:09am May 20, 2016 10:09am
Quoting asgcorp
gbp usd no changes to the gameplan. waiting for the dip to be completed @ 4500-4520 {image}
I follow you on this one . I got filled now at 4511 have an tiny SL for 11 pips. Take out 1/3 at position at 4531 and let it run.
Trading in the shadow of SM
  • #399
  • May 20, 2016 10:14am May 20, 2016 10:14am
I'll wait for another hour or so before considering a long entry, I don't think we are going to pop much higher into weekend, chances are I'll go flat into weekend also and look for entries next week only.
  • #400
  • May 20, 2016 10:25am May 20, 2016 10:25am
Quoting asgcorp
I'll wait for another hour or so before considering a long entry, I don't think we are going to pop much higher into weekend, chances are I'll go flat into weekend also and look for entries next week only.
I was thinking about it. But I concluded that if it gaps up I am in profit. if it gaps down I play the gap, (I remove SL before close today ( If not taken out before .)
Trading in the shadow of SM
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