That's some of the potential opportunities I see for this week. Yesterday was a bank holiday so no trading for me 
Lets see which ones play out.
Happy Trading
Lets see which ones play out.
Happy Trading
4 Hour Strategy (MACD)
- #29,762
- Aug 30, 2016 2:53am Aug 30, 2016 2:53am
I'm trading using demo account. Everyone, I'm learning, don't build any trading ideas on my posts. JonnyPip can you help me by reviewing my way of learning and trading. The following is GBP/USD 4hr & 1hr charts. Market Rhythm: Price break the 21 EMA on the 4hr chart. As per rules, waiting for a pullback before heading to the 89 SMA. Action: Waiting for a 3 wave corrections in smaller time frame like 30 min. A confirmation will be assured by a good setup in the 1 hr chart (TC or return from zero line). {image} {image}
That is a good analysis in my opinion. You do have the 1.3000 level in between as well which could give a bounce.
But personally I think that is a great job
In fact I posted my analysis of the GBPUSD today before I saw your post. As you can see they are fairly close.
Nice work.
- #29,763
- Aug 30, 2016 10:44am Aug 30, 2016 10:44am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
NZDjpy {image} {image}
- #29,764
- Aug 30, 2016 10:47am Aug 30, 2016 10:47am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
USDchf Bullish engulfing on higher tf (W1). But be mindful of immediate resistance at 200sma of D1. Can look for a little CT while waiting for a good long run of TC. It all depends on your trading strategy on H4 or lower TF. {image} {image} {image}
- #29,765
- Aug 30, 2016 10:54am Aug 30, 2016 10:54am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
USDjpy "Morning star" here {image}
Bravo "morning star"...bravo
- #29,766
- Aug 30, 2016 11:16am Aug 30, 2016 11:16am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
EURcad
Strong bullish sentient here. Seriously...don't even dare to counter trade this one.
Price consistently supported by 89sma (H4) for 48 hours already (12 candles...!!!).
On D1 tf, yesterday it bounced away from 89sma and today strongly stay above 21ema & 365ema.
Strong bullish sentient here. Seriously...don't even dare to counter trade this one.
Price consistently supported by 89sma (H4) for 48 hours already (12 candles...!!!).
On D1 tf, yesterday it bounced away from 89sma and today strongly stay above 21ema & 365ema.
- #29,767
- Aug 30, 2016 9:39pm Aug 30, 2016 9:39pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
NZDusd
Favouring upward move but might have some resistance around 89sma. Have to wait until the end of Asian market session though.
Favouring upward move but might have some resistance around 89sma. Have to wait until the end of Asian market session though.
- #29,768
- Aug 30, 2016 9:45pm Aug 30, 2016 9:45pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
AUDcad
- #29,769
- Aug 31, 2016 3:55am Aug 31, 2016 3:55am
OIL UPDATE
Here is an oil trade I took last night:
Total = +118 pips.
I wanted to also show for the new traders how it was executed so I added another chart explaining the trade to give a better understanding.
Remember these are the points as outlined in the thread and methodology. You CANNOT trade every chart the same there are different market conditions. These are KEY when looking at your charts for market rhythm.
When price is -
1) Trending - Look for pullbacks to the 21ema and move away (continuation)
2) Ranging (across the MA's) - *LOOK TO ESTABLISH YOUR SUPPORT AND RESISTANCE LINES*
Market rhythm happens within these two market conditions. They will help you know what the true market rhythm is. In the case of this oil trade it is as clear as day the market rhythm is a break 21ema, pullback, move to 89sma.
I have put number 2 in caps as it is very important and I am not sure from some messages I am sent this is fully understood yet by some of the newer people to the thread. If you are trying to trade moves from the 21ema and the market is ranging you are gong to get hit again and again.
Below this is outlined in the second chart.
Hope this helps
Here is an oil trade I took last night:
Total = +118 pips.
I wanted to also show for the new traders how it was executed so I added another chart explaining the trade to give a better understanding.
Remember these are the points as outlined in the thread and methodology. You CANNOT trade every chart the same there are different market conditions. These are KEY when looking at your charts for market rhythm.
When price is -
1) Trending - Look for pullbacks to the 21ema and move away (continuation)
2) Ranging (across the MA's) - *LOOK TO ESTABLISH YOUR SUPPORT AND RESISTANCE LINES*
Market rhythm happens within these two market conditions. They will help you know what the true market rhythm is. In the case of this oil trade it is as clear as day the market rhythm is a break 21ema, pullback, move to 89sma.
I have put number 2 in caps as it is very important and I am not sure from some messages I am sent this is fully understood yet by some of the newer people to the thread. If you are trying to trade moves from the 21ema and the market is ranging you are gong to get hit again and again.
Below this is outlined in the second chart.
Hope this helps
- #29,771
- Aug 31, 2016 8:19am Aug 31, 2016 8:19am
Potential Opportunity??
For those who read my earlier post, what do you see here?
Steps to the trade -
1) Price crossing ma's / messy MA's - Price is RANGING
2) Find SUPPORT and RESISTANCE lines
3) Check market rhythm - Price has broken below the 21ema and pulled back
4) Targets - Other side of support/resistance lines plus round number 1.2900
- 1.300 round number between here and ultimate target
This is the process you have to follow, you can't just look at a chart and say "right it's at the 89 sma and above it so I'm buying".
Hope this helps
For those who read my earlier post, what do you see here?
Steps to the trade -
1) Price crossing ma's / messy MA's - Price is RANGING
2) Find SUPPORT and RESISTANCE lines
3) Check market rhythm - Price has broken below the 21ema and pulled back
4) Targets - Other side of support/resistance lines plus round number 1.2900
- 1.300 round number between here and ultimate target
This is the process you have to follow, you can't just look at a chart and say "right it's at the 89 sma and above it so I'm buying".
Hope this helps
- #29,772
- Aug 31, 2016 6:25pm Aug 31, 2016 6:25pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
AUDcad {image}
- #29,773
- Aug 31, 2016 6:49pm Aug 31, 2016 6:49pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
CADchf
- #29,774
- Sep 1, 2016 2:41am Sep 1, 2016 2:41am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
CADchf Update
- #29,775
- Sep 1, 2016 2:58am Sep 1, 2016 2:58am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
CADjpy
Nasty PA here...
Nasty PA here...
- #29,776
- Sep 1, 2016 3:09am Sep 1, 2016 3:09am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
AUDcad & AUDchf
- #29,777
- Sep 1, 2016 3:13am Sep 1, 2016 3:13am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
AUDnzd
- #29,778
- Sep 1, 2016 6:47am Sep 1, 2016 6:47am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
AUDnzd {image}
- #29,779
- Sep 1, 2016 6:57am Sep 1, 2016 6:57am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
CADjpy Nasty PA here... {image}
- #29,780
- Sep 1, 2016 7:09am Sep 1, 2016 7:09am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
EURcad
