mrfalvo

mrfalvo

Love the 4 hour close, love the daily close, I expect continuation up lets see if we get an entry on this scalp :)

mrfalvo

Will be taking this short scalp. 40% of profit taken within the measured move, will leave the rest to run. See how this one ends up

mrfalvo

EURNZD has a potential scalp short coming up that I will be taking. The Weekly shows weakness so there is potential that we can catch a big move with this scalp. In addition I like the first touch level i will be using and the risk reward is good enough to take regardless. Will see how this one plays out..

mrfalvo

I believe there a good likely hood that AUDUSD continues to the upside on the daily point of view. With this mind there is still a chance that AUDUSD can retrace even further down and break the daily local low. This scalp short as a prime risk reward ratio with clear first touch levels making it a trade that seems good. I don't expect this trade to work out a lot...

mrfalvo

USDCAD has a lot of potential to continue coming down all the way 1.29 levels on the weekly point of view. This makes me believe that the value for each scalp to the short side is much more. I will be taking a scalp at this first touch 4 hour level with stop loss just above the peak and taking 50% of profits within my risk reward scenario. After that stop loss at...

mrfalvo

Will be testing my theory with this short. Solid resistance for atleast a short scalp but potential for lower is still good. I will be watching this one

mrfalvo

I think a scalp here is okay. Initially AUDJPY was starting to look pretty bearish but with the recent impulsive pump we saw last week It seems it has potential for a larger move up especially since there are levels above I'm expecting AUDJPY can reach.

mrfalvo

Testing a theory on NZDCHF with this continuation short. Will see how it ends up.

mrfalvo

With the failed distribution EURJPY looks like it will continue up. I'm hoping for a pull back to place some long entrys and target the daily node above.

mrfalvo

CADJPY looking droopy and distributing, looks like a decent opportunity to scalp and see where it goes.

mrfalvo

potential for continuation short in AUDUSD as levels continue to break

mrfalvo

With the lose of the 4 hour level I'm looking for a continuation short. I'll be going 5 contracts short and taking profit from 3 of them within my risk reward scenario and leaving the rest to run.

mrfalvo

With gaining of a key level on AUDJPY on the 4 hour it looks like there is a lot of potential to upside. I will try to catch a continuation long in the with a tight stop loss and I will be taking around 40-50% of profit in my risk reward scenario. The rest I will slowly be taking profits while moving stop loss up.

mrfalvo

After price got under the important 1.50847 area it seems likely that price will slowly continue lower because this area was a crucial area to hold in order to continue an uptrend from the daily point of view. I will be looking to short as a continuation play with very low risk and tight stop loss. I'm planning on closing a lot of my position at the risk reward...

mrfalvo

I'm experimenting with a new type of support and resistance with this short. My rational is USDCAD had to hold a crucial 4 hour area to look a lot better when it was coming down. My idea is we didn't have much support at this area and broke under so the chances of us continuing an extended downtrend is much higher. Based on this I'm deciding to short the area and...

mrfalvo

SPX is approaching the first major resistance area. I expect a possibility of some rejection around this area and it showed yesterday with the monthly rejection. Along with this the 4 hour candle closed below the trend leg that took us to the local high as well as 1 hour showing weakness. I believe the risk reward is too good to overlook this trade so i will be...

mrfalvo

USDJPY is approaching a crucial 4 hour trend node.I expect a rejection at my first touch levels. I will be playing this as a scalp with an expected move to at least my target relatively often. I will be closing 60-80% of my position at this target and leaving the rest to run in case we break down lower.

mrfalvo

With price finally getting above the major weekly notch area, continuation to the upside is expected. My level is the the last major trend start level within the 15min trend that took us over the weekly notch area. Price has not managed to get under a trend leg as of yet on the low time frame and with a 4 hour close above the peak of the main trend leg that took...