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  • #161
  • Oct 13, 2016 4:39pm Oct 13, 2016 4:39pm
As far as the EU and GU go...

I don't think EU should rally much above 1.1150, there is still one more low in recent price action that needs taking out, so after a correctional wave, I expect to see that gone just as USDx hits the 98.63 level.

GU is still bad, moving in circles, so I'm not really trading that right now.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 77 KB
  • #162
  • Oct 13, 2016 4:42pm Oct 13, 2016 4:42pm
U/cad is my baby right now. Since it's failed to stay above the range ( > 1.3275): I kind of want to see it drop to 1.2930ish before it resumes any rally into the wider range above.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 77 KB
  • #163
  • Oct 14, 2016 3:12am Oct 14, 2016 3:12am
Quoting WDays
U/cad is my baby right now. Since it's failed to stay above the range ( > 1.3275): I kind of want to see it drop to 1.2930ish before it resumes any rally into the wider range above. {image}
Have the same levels on my charts.. waiting what will be done with EU, cause it is sitting on Daily Support + lowest bearish candle
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When I add to that USDX...
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  • #164
  • Oct 14, 2016 5:46am Oct 14, 2016 5:46am
Late again, shorted it slightly below the daily open. Demand below, if I'm right it should be a piece of cake.
Attached Image (click to enlarge)
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  • #165
  • Oct 14, 2016 6:07am Oct 14, 2016 6:07am
My kind of trade Short and sweet, in and out.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 68 KB
  • #166
  • Oct 14, 2016 6:44am Oct 14, 2016 6:44am
Nice trade Wdays
-happyTrading-myFx.
  • #167
  • Oct 14, 2016 9:08am Oct 14, 2016 9:08am
Closed prematurely, +23 roughly over two positions. Which makes for 50 something pips for today. Did not want to wait too long and risk losing profit this late into a friday.
Attached Image (click to enlarge)
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  • #168
  • Oct 14, 2016 10:55am Oct 14, 2016 10:55am
Good trades Wdays

USDX hit supply on daily and closed bearish yesterday - is this the reason to try long on EURUSD and short on USDCADtoday?
  • #169
  • Oct 14, 2016 11:12am Oct 14, 2016 11:12am
Quoting vijai_701
Good trades Wdays USDX hit supply on daily and closed bearish yesterday - is this the reason to try long on EURUSD and short on USDCADtoday?
Yep, refer to these posts:


Quoting WDays
Well EU reached the target we called, what's next? I'm looking at a dollar chart right now aaaand... Price reached some supply which caused it to turn today, however it may still go to 98.63, where another juicy supply area is waiting. Now, personally I think we may see some bearishness going into next week, leaving that level intact for now... Downside levels I'm eyeing for sensitivity: 97.39 as a recently broken high; the 96.40 area used to be resistance, holding the dollar at bay, but once it was broken, it was retested and held as support; below...
Quoting WDays
As far as the EU and GU go... I don't think EU should rally much above 1.1150, there is still one more low in recent price action that needs taking out, so after a correctional wave, I expect to see that gone just as USDx hits the 98.63 level. GU is still bad, moving in circles, so I'm not really trading that right now. {image}
Quoting WDays
U/cad is my baby right now. Since it's failed to stay above the range ( > 1.3275): I kind of want to see it drop to 1.2930ish before it resumes any rally into the wider range above. {image}
  • #170
  • Oct 15, 2016 2:42pm Oct 15, 2016 2:42pm
Hi Wdays I was wondering what R to value you use ? Thx
  • #171
  • Oct 16, 2016 4:04am Oct 16, 2016 4:04am
Quoting morse
Hi Wdays I was wondering what R to value you use ? Thx
It's not fixed, so it varies. I use a stop no bigger than 20 pips (2%) for a TP no smaller than 30 pips. Most often it's 2:1 with a 15 pip stop - 30 pip tp. I will however sometimes hold on longer and achieve higher RR.
  • #172
  • Oct 16, 2016 4:29pm Oct 16, 2016 4:29pm
Thx WDAYS I wonder if you could put the whole plan on one page as it's spread out a bit , also with fibs what TF are you sing to enter ....thx

One more thing please what percentage are winning trades ..thx
  • #173
  • Oct 17, 2016 1:19am Oct 17, 2016 1:19am
Quoting morse
Thx WDAYS I wonder if you could put the whole plan on one page as it's spread out a bit , also with fibs what TF are you sing to enter ....thx One more thing please what percentage are winning trades ..thx
I'll do that asap I do m5 and m15 for my entries. I haven't done the math regarding % winning trades, we take few setups but the proper ones. And also it depends based on experience and practice - my WR will be different than others
  • #174
  • Oct 17, 2016 4:19am Oct 17, 2016 4:19am
Quoting WDays
Now, personally I think we may see some bearishness going into next week, leaving that level intact for now... Downside levels I'm eyeing for sensitivity: 97.39 as a recently broken high; the 96.40 area used to be resistance, holding the dollar at bay, but once it was broken, it was retested and held as support; below that we'll just have to see... On the fundamental side, the dollar doesn't really have a strong reason to decline... All eyes are on a possible federal rate hike for the 2nd time this year, so every drop is a possible long entry in...
As promised, guys dollar is declining at the beginning of this week.
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  • #175
  • Oct 17, 2016 4:23am Oct 17, 2016 4:23am
And staying true to the bias... Let's see if it makes it.
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  • #176
  • Oct 17, 2016 4:41am Oct 17, 2016 4:41am
Quoting WDays
And staying true to the bias... Let's see if it makes it. {image}
Starting to feel uncomfortable with this PA. Bears are clawing at the door. Very likely to end up as a loss, and may look for a way out of it before that happens.

I was expecting EU to break, unfortunately it didn't. Dollar halted also.
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  • #177
  • Oct 17, 2016 4:48am Oct 17, 2016 4:48am
This is what I'm hoping to see.
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  • #178
  • Oct 17, 2016 5:36am Oct 17, 2016 5:36am
Hi WHD I still don't understand why you put the line on the top and not the bottom of the dollar candle on the last bar down before the move up shouldn't it at the bottom where liquidity is ?
  • #179
  • Oct 17, 2016 5:40am Oct 17, 2016 5:40am
Quoting morse
Hi WHD I still don't understand why you put the line on the top and not the bottom of the dollar candle on the last bar down before the move up shouldn't it at the bottom where liquidity is ?
Liquidity is within the open and 50% of the body, when we're talking supply/demand. KSR levels is where we look at wicks, closes and opens etc.
  • #180
  • Oct 17, 2016 6:43am Oct 17, 2016 6:43am
Hi on another not people are 70% long the GBP that's probably it isn't going up.
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