Great minds think a like{image}
Others might be 2k, 4k, 5k or even 6k pips. A useful gauge for mid - long term SL/TP position.
4 Hour Strategy (MACD)
- #30,141
- Apr 4, 2017 5:33am Apr 4, 2017 5:33am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
Others might be 2k, 4k, 5k or even 6k pips. A useful gauge for mid - long term SL/TP position.
- #30,142
- Apr 4, 2017 8:57pm Apr 4, 2017 8:57pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
USDchf
It is NFP week. So, is this calm before the storm?
Price has been hovering above level 1 for 5 trading days now.
Strong support (round level 1.0000) established? We shall see.
It is NFP week. So, is this calm before the storm?
Price has been hovering above level 1 for 5 trading days now.
Strong support (round level 1.0000) established? We shall see.
- #30,143
- Apr 5, 2017 3:44am Apr 5, 2017 3:44am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
No "strong" pattern / formation at the moment. Only EURaud have "something" to "imagine".
- #30,145
- Apr 5, 2017 8:53am Apr 5, 2017 8:53am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
Alright. These pairs (4) have my attention now.
HL set up (Daily charts) and strong support for USDcad (weekly).
HL set up (Daily charts) and strong support for USDcad (weekly).
- #30,148
- Apr 5, 2017 9:46pm Apr 5, 2017 9:46pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
{quote} the USDJPY change...mmmm, not so clear now
Anyway, USDcad look strong above 1.33 atm.
- #30,149
- Apr 5, 2017 9:50pm Apr 5, 2017 9:50pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
USDchf It is NFP week. So, is this calm before the storm? Price has been hovering above level 1 for 5 trading days now. Strong support (round level 1.0000) established? We shall see. {image}
- #30,150
- Apr 5, 2017 9:55pm Apr 5, 2017 9:55pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
No "strong" pattern / formation at the moment. Only EURaud have "something" to "imagine". {image}
The only reason I don't favour LONG position for this pair is because the higher tfs (Weekly and Monthly) are still in downtrend mode. But this H&S set up is not happening. So skip / wait or look for other set up.
- #30,151
- Apr 5, 2017 10:10pm Apr 5, 2017 10:10pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
Eur/usd Long to 200sma? {image} {image}
This price movement is just like "calm before the storm". It is nfp week after all. I will leave EU for next week.
- #30,152
- Apr 5, 2017 10:20pm Apr 5, 2017 10:20pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
AUDjpy Strong resistance @ level 87.00. Deep dive last week. This is a very strong signal candle (could be a change in major trend). Keep an eye for this one. {image}
https://www.forexfactory.com/showthread.php?p=9709431#post9709431
Now (2 weeks later)
- #30,153
- Edited 4:18am Apr 6, 2017 1:21am | Edited 4:18am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
{quote} 89sma tested already. {image}
Yesterday's trade
- #30,154
- Edited 4:17am Apr 6, 2017 3:50am | Edited 4:17am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
March 2017 trades
- #30,155
- Apr 6, 2017 10:14am Apr 6, 2017 10:14am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
{quote} EURaud The only reason I don't favour LONG position for this pair is because the higher tfs (Weekly and Monthly) are still in downtrend mode. But this H&S set up is not happening. So skip / wait or look for other set up. {image}
Daily candle still green. If red, then I will reconsider this s2 again.
- #30,156
- Apr 6, 2017 10:53am Apr 6, 2017 10:53am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
All 3 are CT (counter trend) set ups. Based on weekly chart, only UJ is considered "save". Let's wait and see.
- #30,157
- Apr 7, 2017 1:07am Apr 7, 2017 1:07am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
NZDjpy
Strong reaction here @ 77.00. But the weekly chart still bearish mode.
Strong reaction here @ 77.00. But the weekly chart still bearish mode.
- #30,158
- Edited 8:05am Apr 7, 2017 7:50am | Edited 8:05am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
AUDcad
Made some trade just before nfp.
Banking 30(0) pips already (my account has something the broker described as mini spreads /mini pips).
Made some trade just before nfp.
Banking 30(0) pips already (my account has something the broker described as mini spreads /mini pips).
- #30,159
- Apr 7, 2017 11:06am Apr 7, 2017 11:06am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
USDchf It is NFP week. So, is this calm before the storm? Price has been hovering above level 1 for 5 trading days now. Strong support (round level 1.0000) established? We shall see. {image}
Bullish engulfing + DB on the weekly is a hard one to resist.
- #30,160
- Apr 7, 2017 11:17am Apr 7, 2017 11:17am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
GBPjpy
This formation is something that has to be considered next Monday.
This formation is something that has to be considered next Monday.