AUDusd
4 Hour Strategy (MACD)
- #29,782
- Sep 1, 2016 7:47am Sep 1, 2016 7:47am
GBPUSD
This is how losses happen unfortunately....
You can do everything right and still take a loss. Once a new trader understands this concept they will never be emotional about taking a loss ever again.
I would be looking at now trading up to the 365ema but it has been a good week and with NFP tomorrow anything can happen. I'll see where this pair is sitting on Monday.
This is how losses happen unfortunately....
You can do everything right and still take a loss. Once a new trader understands this concept they will never be emotional about taking a loss ever again.
I would be looking at now trading up to the 365ema but it has been a good week and with NFP tomorrow anything can happen. I'll see where this pair is sitting on Monday.
- #29,783
- Sep 1, 2016 7:47am Sep 1, 2016 7:47am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
NZDusd
- #29,784
- Sep 1, 2016 8:37am Sep 1, 2016 8:37am
NZDusd {image}
Target - 200sma - R:R is 1:2
The only thing is NFP tomorrow so trade will have to be managed and reviewed before hand for me personally.
- #29,785
- Sep 1, 2016 8:53am Sep 1, 2016 8:53am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
{quote} I'm in this as well orange, a great 4h macd set up Target - 200sma - R:R is 1:2 The only thing is NFP tomorrow so trade will have to be managed and reviewed before hand for me personally.
- #29,786
- Sep 1, 2016 9:30am Sep 1, 2016 9:30am
{quote} good luck bro...
1st - In the morning on good GBP manuafacturing data
2nd - in the afternoon on poor USD Manufacturing data
Ah what can you do. Still been a great week though even with these two.
I am very confidant both would have gone however without the fundamentals coming out. Just have to accept this kind of thing happens and not think it is anything to do with the market rhythm "not working" or doing anything wrong yourself as a trader.
P.s I still see the NZDUSD getting down to that 200sma!
- #29,787
- Sep 1, 2016 7:23pm Sep 1, 2016 7:23pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
EURcad {image}
At least 400pips up for this one (if you are greedy). Normally I just go for 100 - 200 pips depends on the situation.
- #29,788
- Edited 7:43pm Sep 1, 2016 7:31pm | Edited 7:43pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
{quote} Second losing trade this week 1st - In the morning on good GBP manuafacturing data 2nd - in the afternoon on poor USD Manufacturing data
Technically, the reason why you lose this one was because you COUNTER TRADING the main trend. If you look at higher tfs (from D1 to monthly), you will see that the price is actually up trending.
Hope this helps.
- #29,789
- Edited 10:19pm Sep 1, 2016 10:09pm | Edited 10:19pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
EURnzd
It seems to me that this one is going to fall...
(after considering higher time frames)
It seems to me that this one is going to fall...
(after considering higher time frames)
- #29,790
- Sep 1, 2016 10:19pm Sep 1, 2016 10:19pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
EURusd
Another reaction at 200sma
Another reaction at 200sma
- #29,791
- Sep 2, 2016 1:28am Sep 2, 2016 1:28am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
NZDusd
- #29,792
- Sep 2, 2016 10:10am Sep 2, 2016 10:10am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
EURnzd It seems to me that this one is going to fall... (after considering higher time frames) {image}
Ooohhh...I was right....850pips fell down previously
- #29,793
- Edited 10:37am Sep 2, 2016 10:23am | Edited 10:37am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
NZDusd {image}
We got somewhere around "700pips ding dong" here between 8ema (H4) & monthly Fib 61.8%.
Expecting trend reversal for this pair next week (depending on how the D1 candle ends up later).
- #29,794
- Sep 2, 2016 10:36am Sep 2, 2016 10:36am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
EURusd Another reaction at 200sma {image}
Roughly 700pips up and then 1000pips down within 7hrs.
We still have 200sma (D1) as support. Wait for it next week. Don't be deceived by the current daily candle.
- #29,795
- Sep 2, 2016 11:15am Sep 2, 2016 11:15am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
USDjpy
A very good example of price action on MA (in this case long wicked candle indicating strong support of 8ema)
A very good example of price action on MA (in this case long wicked candle indicating strong support of 8ema)
- #29,796
- Sep 2, 2016 11:46am Sep 2, 2016 11:46am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
EURgbp
Next support @ 365ema (H4) and 0.83 (if the downtrend continues).
Next support @ 365ema (H4) and 0.83 (if the downtrend continues).
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- #29,798
- Sep 3, 2016 10:11am Sep 3, 2016 10:11am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
USDchf
This will be interesting next week. Long wicked D1 candle above 8ema, 89sma & 21ema...
price is exactly at round level (0.98000) now
This will be interesting next week. Long wicked D1 candle above 8ema, 89sma & 21ema...
price is exactly at round level (0.98000) now - #29,799
- Sep 3, 2016 10:13am Sep 3, 2016 10:13am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
CADchf
Mind the gap. Possible 100pips++ to fill up the empty space between the current price and 8ema.
Mind the gap. Possible 100pips++ to fill up the empty space between the current price and 8ema.
- #29,800
- Sep 4, 2016 5:22pm Sep 4, 2016 5:22pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
EURcad
Mind the huge gap (650pips +/-) between the price and 8ema here. Also we got "floor" from the Monthly tf.
Mind the huge gap (650pips +/-) between the price and 8ema here. Also we got "floor" from the Monthly tf.