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Hottest Holy Grill Low risk steady rewards

  • #321
  • Jan 4, 2017 10:37am Jan 4, 2017 10:37am
Nice trade on USDCAD! Right now its near its W S2 at 1.3278. That is strong support, and statistically it won't close beyond that for the week (especially it being only Wed.). You should consider taking profits IMO.

EZ
  • #322
  • Jan 4, 2017 1:02pm Jan 4, 2017 1:02pm
Quoting ezcurrency
Nice trade on USDCAD! Right now its near its W S2 at 1.3278. That is strong support, and statistically it won't close beyond that for the week (especially it being only Wed.). You should consider taking profits IMO. EZ
its 50/50 bro, i choose to wait for my exit signal. expect the unexpected
  • #323
  • Jan 4, 2017 1:02pm Jan 4, 2017 1:02pm
Quoting ezcurrency
Nice trade on USDCAD! Right now its near its W S2 at 1.3278. That is strong support, and statistically it won't close beyond that for the week (especially it being only Wed.). You should consider taking profits IMO. EZ
Thanks
  • #324
  • Jan 5, 2017 12:22am Jan 5, 2017 12:22am
@ezcurrency Support broken. Supports are meant to be broken

Good morning buddies! 1st target on USDCAD short Hit,and holding Currently +134pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily target.png Size: 83 KB
  • #325
  • Jan 5, 2017 12:37am Jan 5, 2017 12:37am
The 4 losses i had in a row has made me realize a further weakness i needed to correct in my strategy. I have fine tuned my pair selection and entry requirements. I hope to get better results. Thats what trading is all about. Constant improvement
  • #326
  • Jan 5, 2017 12:42am Jan 5, 2017 12:42am
Quoting ephisi
GBPNZD trading range just for the fun of it. Not trading this {image}
Heres the GBPNZD setup i posted for the fun of it yesterday! looks like a good trade today. i didnt take that setup
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1.png Size: 87 KB
  • #327
  • Jan 5, 2017 1:08am Jan 5, 2017 1:08am
Regarding UCad, its below the weekly S2. If you crunch the #'s and do the analysis, if its a down week the probability of the L < W S2 is about 0.3, and the probability of the close < S2 is about 0.15. So chances are it won't close below the Weeky S2, so best to heed the statistics and take profits (imo).

Additionally, USD is at a general support level across the board, and it had 2 (relatively) down days. Overall USD trend is up, so at a minimum its due to consolidate ... but I think head back up.

I just opened long USD positions for a swing trade against all of the major USD crosses.

EZ
  • #328
  • Jan 5, 2017 4:01am Jan 5, 2017 4:01am
exit signal seting up
  • #329
  • Jan 5, 2017 4:53am Jan 5, 2017 4:53am
closed @ 1.3308 + 88pips
  • #330
  • Jan 5, 2017 6:05am Jan 5, 2017 6:05am
Shorting NZDCAD 0.9255 STOPS 0.9361
  • #331
  • Jan 5, 2017 6:23am Jan 5, 2017 6:23am
Trade Update with potential Targets. Shorting NZDCAD 0.9255 STOPS 0.9361 With Chart Setup
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDCADH1.png Size: 42 KB
Click to Enlarge Name: NZDCADWeekly Targets.png Size: 46 KB
  • #332
  • Jan 5, 2017 8:00am Jan 5, 2017 8:00am
Looking to switch to AUDJPY LONG outside trading range 42/13 on AUDJPY If entry confirmation exists
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH1.png Size: 40 KB
  • #333
  • Jan 5, 2017 9:38am Jan 5, 2017 9:38am
There goes USDCAD lol!
  • #334
  • Jan 5, 2017 9:42am Jan 5, 2017 9:42am
Quoting ephisi
There goes USDCAD lol!
not the best exit but 88pips is still ok
  • #335
  • Jan 5, 2017 10:13am Jan 5, 2017 10:13am
Quoting ezcurrency
Regarding UCad, its below the weekly S2. If you crunch the #'s and do the analysis, if its a down week the probability of the L < W S2 is about 0.3, and the probability of the close < S2 is about 0.15. So chances are it won't close below the Weeky S2, so best to heed the statistics and take profits (imo). Additionally, USD is at a general support level across the board, and it had 2 (relatively) down days. Overall USD trend is up, so at a minimum its due to consolidate ... but I think head back up. I just opened long USD positions for a swing trade...

Hmmmn, Hope you have your stops in place. As i said earlier, in this market expect the unexpected. Supports were created for breaking
  • #336
  • Jan 5, 2017 10:43am Jan 5, 2017 10:43am
Quoting ephisi
{quote} Hmmmn, Hope you have your stops in place. As i said earlier, in this market expect the unexpected. Supports were created for breaking
No worries ... I made almost 300 pips on that USD rally with various trades (UCad long included)!

See my post towards the end here: http://www.forexfactory.com/showthread.php?p=9407535#post9407535 (post 1355)

EZ
  • #337
  • Jan 5, 2017 7:03pm Jan 5, 2017 7:03pm
Quoting ephisi
Looking to switch to AUDJPY LONG outside trading range 42/13 on AUDJPY If entry confirmation exists {image}

Heads up on this setup. May trigger in asia on signal confirmation
  • #338
  • Jan 5, 2017 7:03pm Jan 5, 2017 7:03pm
Quoting ezcurrency
{quote} No worries ... I made almost 300 pips on that USD rally with various trades (UCad long included)! See my post towards the end here: http://www.forexfactory.com/showthread.php?p=9407535#post9407535 (post 1355) EZ
cool
  • #339
  • Jan 5, 2017 7:28pm Jan 5, 2017 7:28pm
Quoting ephisi
Looking to switch to AUDJPY LONG outside trading range 42/13 on AUDJPY If entry confirmation exists {image}

Long AUDJPY @ 85.07 STOPS 84.42
Update and Setup will be posted soon
  • #340
  • Jan 5, 2017 7:39pm Jan 5, 2017 7:39pm
Long AUDJPY @ 85.07 STOPS 84.42
Updated with trade stups and charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPYWeekly.png Size: 71 KB
Click to Enlarge Name: AUDJPYH1.png Size: 42 KB
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