It has been a while ride on PDD this past month!
Don't take your eyes off the grand prize - a breakout of our larger time frame magenta selling channel. In order to do that, we needed to build liquidity in our controlled selling channels.
We have activated a stronger buying continuation channel but will need some time to prove its' control. Be patient on this...
SOYBN/USD:
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on...
NZD/JPY:
• If price pushes up to and ideally just above our lower rayline and it does so correctively, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan...
CHF/JPY:
• If price corrects and a tight one hour flag forms, then I'll be looking to get long with a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
The market looks like it needs a little time to develop on the lower time frames, at least in terms of opportunities which meet my plan. So this is just a quick trade update for you where the short trade that I placed on CHF/JPY on Tuesday is concerned.
Patience always pays folks and I'm in this game for the long haul, not with the intention of "getting rich...
CHF/JPY:
• If price corrects beyond swap hours, then I'll be looking to get short with a risk entry within this tight one hour flag.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/USD:
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this...
The market as it has for the whole of October is looking great frame a higher time frame perspective but very poor from a lower time frame one, at least in terms of opportunities which meet my plan. So this is just a quick trade update for you where the short trade that I placed yesterday on WTICO/USD is concerned.
Patience always pays folks and I'm in this game...
SUGAR/USD:
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If price only pushes up to and ideally just above...
CHF/JPY:
• If price pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I...
CHF/JPY:
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If...
No Forecast (AUD/CHF Trade Update).
The market looks like it needs a little time to develop some lower time frame structure where many pairs are concerned, but if there has been some development by the end of today then I'll obviously bring you another forecast tomorrow morning by way of another forecast.
Patience always pays folks and I'm in this game for the...
AUD/CHF:
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will...
AUD/CAD:
• If price corrects and a tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CHF/JPY:
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will...
CHF/JPY:
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If...
