chillipowered

chillipowered

The 1240-1260 zone for gold has proven to be a very volatile area price wise recently. With price consolidating on the 15m chart around the 1250 I feel it is only a short matter of time before price moves $10 to either the 60 high or 40 low. Keep on eye on your entry signals and you could snap up a $1000 move in a half a day if you time it carefully and get a good...

chillipowered Updated 

The pound aussie has been closing down for several days in a row now after a fairly solid rally over the last month. Having slipped below the 200EMA on the 1H chart it is possible that we might see testing of the resistance around the 1.728 - 1.734 area. Rejection of this would signal good long entry with a short term target of the 1.763 resistance that held from...

chillipowered Updated 

The aussie franc has had a bit of consolidation happening, which may provide a good opportunity for bears to hop on the recent downward run if they missed the boat the first time. Set your stops and TP as per chart for a solid 3:1 RR ratio. Watch smaller time frames for a more solid entry point if you want to avoid whips.

chillipowered Updated 

The aussie is showing bullish signs on the 15m and 1H chart despite being in a overall bear trend for the last couple of months. This provides us with an opportunity to either: a) wait for reversal confirmation and get in a long swing trade or; b) watch for a reversal in the short term trend and rejoin the bear While I am keeping an eye on both options I am...

chillipowered Updated 

It is quite possible that the recent bull run on the Yen has been exhausted and price is showing consolidation on the 1H as well as getting closer to 200EMA. Watch 1H and 15m for the confirmation of short term trend exhaustion and rejoin D trend near potential peak w/ target around 111.0-111.20 area based on prior SR to be further confirmed by analysis once trade entered.

chillipowered Updated 

The 1H chart has shown bearish divergence after a long bull run on the daily. Early next week we may see an opportunity arise to rejoin the bulls once the bear retracement is complete.

chillipowered

Pair is undergoing some consolidation after a bear retrace following a recent bull move. Just moved above 200EMA on 15m chart, which leads me to believe we may be in for another bull run. Watch for good entry target around 1.36500 S/R level and stops around 1.35 for very good 4+ RR ratio. Could be the reentry I mentioned in the related idea.

chillipowered Updated 

Gold is passing the 200EMA and the 0.236 fib retracement level. Looking for bullish entry opportunity on 15m chart with targets at 1245 and 1255

chillipowered

I think one of the most important things a technical trader like myself can keep in mind, is that at the end of the day it is not SR levels, moving averages or Fib replacements that make the market move, it is people. I can guarantee there were many traders comfortably sitting on their bear position who got absolutely destroyed due to this news that dropped....

chillipowered

The aussie loonie is being absolutly loonie at the moment. Any trade taken on this pair for the foreseeable future is as good as a coin flip! If your into gambling and don't mind losing all your cash I would play to a bullish bias with a 1.03 target for short term, but if your are sensible stay out of this pair until the whipsawing around resolves itself. To...