DanWanCan1

DanWanCan1

I have a Bearish Stance on EURJPY... - Previous Day LOW Broken - indicating lower prices ( or it might be a false break... ) - WAIT for Retracement towards Previous Day's Close (Entry #2) Or Today's Open (Entry #1) Some Quarterly Stats for this pair: - Using 13 Weeks Data, Wednesday marked the weekly low at 0% ( Same for USDJPY ) - Using 26 Weeks Data,...

DanWanCan1 Updated 

I have a Bearish Stance on BOTH the GPYJPY and EURJPY... - Price Divergence Between GPYJPY and EURJPY. - Price Divergence Between GPYJPY, EURJPY and LBR310 Oscillator. Entry Scenario #1 - Aggressive - Enter When H4 Bar Closes Below Today's Open Entry Scenario #2 - Confirmation - WAIT! for the Previous Day LOW to be Broken - indicating lower prices ( or it...

DanWanCan1

I have a Bullish Stance on the GBPNZD... - Price Divergence Between GBPUSD and LBR310 Oscillator. Entry Scenario #1 - Aggressive - Enter Near Friday's Close...WAIT! for the first Hour bar close to avoid the bizarre wide spreads Entry Scenario #2 - Confirmation - WAIT! for the Previous Day HIGH to be Broken - indicating higher prices ( or it might be a false...

DanWanCan1

I have a Bullish Stance on the GBPUSD... - Price Divergence Between GBPUSD and EURUSD. EURUSD Made LL and GBPUSD made HL i.e. EURUSD took out Previous Week's LOW while GBPUSD didn't. - Previous Day HIGH Broken - indicating higher price ( or it might be a false break... ) - Retracement to Price Congestion Area (Purplish Area) Prior to the Breakout of price that...

DanWanCan1

I have a Bearish Stance on the AUDUSD... Entry Area: - Retracement to FIBO 62% Area using Wed + Thu Range - Previous Day HIGH RAID ( ...am assuming it's a FALSE Break ) - LBR 3/10 Oscillator Divergence with Price - TP - 1:25+ RR (15pip SL and 45+ pip TP) Use at own risk...Am a rookie!

DanWanCan1 Updated 

I have a Bearish Stance on the GBPCAD... Entry Area: - Retracement to Congestion Area (Purplish Area) - Classic Central Pivot Point. - Retracement to FIBO 38-50% Area - TP#1 - 1:1+ RR (30pip SL and 50+ pip TP) - TP#2 - 1:25+ RR (30pip SL and 75+ pip TP) - TP#3 - 1:35+ RR (30pip SL and 95+ pip TP) Use at own risk...Am a rookie!

DanWanCan1 Updated 

I have a Bearish Stance on the EURCAD... Entry Area: - Retracement to Congestion Area (Purplish Area) - Classic Central Pivot Point. - Retracement to FIBO 50-62% Area - TP#1 - 1:16+ RR (26pip SL and 42+ pip TP) - TP#2 - 1:24+ RR (26pip SL and 65+ pip TP) - TP#3 - 1:3 RR (26pip SL and 80 pip TP) Use at own risk...Am a rookie!

DanWanCan1 Updated 

I have a Bullish Stance on the CADJPY. - Previous Day High Broken - indicating higher price ( or it could be a false break... ) - Wait for Retracement towards Consolidation Area Prior to Breakout that took out Previous Day High. - 1:25+ RR (23 pips risk/60+pips Reward) - TP Area - Between 110.00 and 109.900 Use at own risk. Am a Rookie! ( I have a Bearish...

DanWanCan1 Updated 

I have a Bearish Stance on the USDCAD... - Previous Day LOW Broken - indicating lower price ( or it might be a false break... ) - Retracement to Congestion Area (Purplish Area) Prior to the Breakout of price that takes out the Previous Day's LOW - 1:2+ RR (25pip SL and 50+ pip TP) - TP is 1.36500 Round Number which is also at/near 127% FIBO Extension Use at own...

DanWanCan1 Updated 

I have a Bearish Stance on the US30 and US500...BUT price MUST BREAK Previous Day's LOW First! No Break, No Trade. - Price Divergence Between US30 and US500. US30 Made HH and US500 made HL...Also US30 broke Previous Week's high while US500 Did Not. - Previous Day LOW Broken - indicating lower price ( or it might be a false break... ) - Retracement to Congestion...

DanWanCan1 Updated 

I have a Bearish Stance on the JPN225 (The Nikkei 225)...BUT price MUST BREAK Previous Day's LOW First! No Break, No Trade. - Previous Week's High and Current Week's Low Range Used to Plot the FIBO. - Previous Day LOW Broken - indicating lower price ( or it might be a false break... ) - Retracement to Congestion Area (Purplish Area) Prior to the Breakout of price...

DanWanCan1 Updated 

I have a Bearish Stance on the EURUSD... - Price Divergence Between EURUSD and GBPUSD. EURUSD Made HH and GBPUSD made HL. - Previous Day LOW Broken - indicating lower price (or it might be a false break...) - Retracement to Congestion Area (Purplish Area) Prior to the Breakout of price that takes out the Previous Day's LOW - 1:2+ RR - TP#1 Previous Week's Low...

DanWanCan1 Updated 

"An NR4 is a trading day with the narrowest daily range of the last four days. An inside day has a higher low than the previous day's low and a lower high than the previous day's high. Combining the two conditions sets up an ID/NR4 day." - from Linda Bradford Raschke book - Street Smarts Which direction will this NR4 Setup Breakout? Buy or Sell? I wager a false...

DanWanCan1 Updated 

I have a Bearish Stance on the EURAUD & GBPAUD. - Previous Day Low Broken - indicating lower price ( or it might be a false break... ) - Retracement to Congestion Area (Purplish Area) Prior to the Breakout of price that took out the Previous Day's Low - 1:25+ RR (40pips risk/100pips Reward...) - TP#1 - 1.65600 Also Previous Congestion Area (Purplish Area) Use...

DanWanCan1 Updated 

I have a Bullish Stance on the AUDUSD...BUT price MUST BREAK Previous Day's High First! - Previous Day High Broken - indicating higher price ( or it might be a false break... ) - Retracement to Congestion Area (Purplish Area) Prior to the Breakout of price that took out the Previous Day's High - 1:25+ RR (30pips risk/90pips Reward...) - TP#1 - 0.64000 Round...

DanWanCan1 Updated 

I have a Bearish Stance on the GBPUSD, EURUSD and EURCAD. - Previous Day Low Broken - indicating lower price ( or it might be a false break...rekt! ) - Entry at Retracement towards Consolidation Area (Purplish Area) Prior to the Breakout of price that took out the Previous Day's Low - 1:3+ RR (35pips risk/130+pips Reward) - TP#1 - Current Week' Tuesday's Low -...

DanWanCan1 Updated 

I have a Bearish Stance on the EURCAD, EURUSD and GBPUSD. - Previous Day Low Broken - indicating lower price ( or it might be a false break...rekt! ) - Entry at Retracement towards Consolidation Area (Purplish Area) Prior to the Breakout of price that took out the Previous Day's Low - 1:2 RR (30pips risk/60+pips Reward) - TP#1 - 1.43500 Round Number (Also Near...

DanWanCan1 Updated 

I have a Bullish Stance on the EURAUD. - Previous Day High Broken - indicating higher price ( or it might be a false break...rekt! ) - Retracement to Consolidation Area (Purplish Area) Prior to the Breakout of price that took out the Previous Day's High - 13/50 MA Cross in H1 - 1:2 RR (50pips risk/100pips Reward... IF prices reach TP#2 ) - 1:1 RR (50pips...