FX:GBPNZD   British Pound/New Zealand Dollar
1108 23 43
2 months ago
Reached action point... Seems like a classical 1-2-3 short ! Easy? Let`s see ... :-)
Best Regards
Mary

Introduction into 1-2-3 Trading Pattern
2 months ago
Comment: The RSI signs a possible Ross Hook like illustrated
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2 months ago
Comment: Here is the Retest:
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2 months ago
Comment: intraday fake:
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we need a candle below this level in the daily chart! for a "real" selling signal
2 months ago
Comment: The daily candle is nearly a reversal candle : A HAMMER! Let`s see where the candle will close...
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2 months ago
Comment: wiki: https://en.wikipedia.org/wiki/Hammer_(candlestick_pattern) A hammer is a type of bullish reversal candlestick pattern, made up of just one candle, found in price charts of financial assets. The candle looks like a hammer, as it has a long lower wick and a short body at the top of the candlestick with little or no upper wick. In order for a candle to be a valid hammer most traders say the lower wick must be two times greater than the size of the body portion of the candle, and the body of the candle must be at the upper end of the trading range.

When you see the hammer form in a downtrend this is a sign of a potential reversal in the market as the long lower wick represents a period of trading where the sellers were initially in control but the buyers were able to reverse that control and drive prices back up to close near the high for the day, thus the short body at the top of the candle.

After seeing this chart pattern form in the market most traders will wait for the next period to open higher than the close of the previous period to confirm that the buyers are actually in control.

Two additional things that traders will look for to place more significance on the pattern are a long lower wick and an increase in volume for the time period that formed the hammer.
2 months ago
Comment: No selling Signal yet...it seems that the pair will build a triple bottom...the Long has a very nice crr - but i don`t believe in it. The trenddynamic is still clear bearish
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2 months ago
Comment: Here we go!!!!!
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2 months ago
Comment: crazy
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2 months ago
Comment: black swan was here..
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2 months ago
Comment: i would prefer staying short as Long as we are trading below 1.748
2 months ago
Comment:
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2 months ago
Comment: crazy
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2 months ago
Comment: Monstertrade!! Many Pips!
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Related Ideas

Rocketman PRO
2 months ago
selling at support though?
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MaryJane Rocketman
2 months ago
Hmm, normally i enter the market directly with the bo, but just with half the position size. I do that to be on board. Others wait for the retest of the bo-niveau (ross-kook) . but ifd this hook does not come, you miss the trade. Greez
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Rocketman PRO MaryJane
2 months ago
Its ok if I miss the trade. I just cannot bear selling at support or buying at resistance. Years have passed..and I just cannot do it. Ross-hook? I have never heard about it.Is that from Joe Ross?
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MaryJane Rocketman
2 months ago
i understand you very good...time has changed, algos and hfts are against this "Support/resistance" theroy.! And yes, it`s from Joe Ross
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Rocketman PRO MaryJane
2 months ago
Interesting. He wrote the "Law of Charts." Did you take his 5 hour class also or was his book sufficient enough?
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MaryJane Rocketman
2 months ago
More Infos
http://www.oxfordstrat.com/trading-strategies/ross-hook-1/
http://www.trading-books.com/ross-hook.html
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killianobriain MaryJane
2 months ago
Hi Mary, thanks for all your posts - do you have a opinion on being short NZD/USD
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MaryJane killianobriain
2 months ago
Hi killianobrian...hmmm...uptrend since sept. is full in tact..i think shorting is no good idea at the Moment....i see no signals yet to short it...
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Rocketman PRO MaryJane
2 months ago
NZDUSD has been killing a lot of shorts, including me several times. The large speculators have been buying it up. Two weeks ago, the 51% of the BIG GUYS were buying it. Then, last week, it increased to 54% in buying positions. This wek, only 53% were in buying positions. So, the whether (BIG BOYS push up in the NZD) maybe calming down a bit or pulling back because of this. Now, you do have the GDT Milk price index coming out TODAY! This can send the NZDUSD higher. Lately, milk prices have been growing, and this is NZD's fuel power as well. Wow.. just woke up..typing... need to rest.
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pathaniasourabh MaryJane
2 months ago
Trade Active ?
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MaryJane pathaniasourabh
2 months ago
hi pathaniasourabh... i am always flat..i just analyze this pair :-)
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pathaniasourabh MaryJane
2 months ago
Ok boss, thankx for your analysis,,,
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Rocketman PRO killianobriain
2 months ago
NZDUSD is full of bulls....and milk prices are increasing. Unless the DXY gets strong.. NZD will keep rising. Also..it pays a higher interest.. so GUESS who is buying it on the chart? You guessed it.... big funds.
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Rocketman PRO MaryJane
2 months ago
Interesting Mary Jane. I also noticed that I have the book on a shelf. I never read it. I thought Joe Ross would be a waste of time. I also have books with Al Brooks and Bob Volman. Bob Volman would be good, but I feel he is as good as dead because you cannot learn how to play basketball well from a book, nor medicine. You still need videos and a coach. lol.
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Rocketman PRO MaryJane
2 months ago
I have Day Trading Forex by Joe Ross. It mentions the Ross Hook and the Law of Charts.. I don't know if it is just a summary.
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Rocketman PRO
2 months ago
I'll watch it...too.
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hisham101010
2 months ago
You are amaaaaaaaaazing,, thanks for sharing
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ArtFly
2 months ago
MaryJane,
Do you all the time prefer short position and next short target or are considering long???
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MaryJane ArtFly
2 months ago
hi ArtFly, i don`t really understand your question.... :(
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ArtFly MaryJane
2 months ago
further short or not?
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ArtFly MaryJane
2 months ago
Hi, MaryJane

Sorry for such a question. It seemed to me that this is the bottom, and now there is a chance for long
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MaryJane ArtFly
2 months ago
no prob.... i would prefer staying still short as long the pair is < 1.748
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janne0536
2 months ago
u rock :D
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