I am 'LONG for LIFE' overall, but we need a pull back to confirm direction and refuel the rocket for extended launch. My BUY/TP zone is mostly determined by my price stochastic at the bottom of the chart (Stochasticly Delicious).
I am LONG for LIFE on USDJPY, but for now looking for a good base to LONG from. The green rectangle could be a good spot to see a bounce if we fall that far down. This would be the top of the previous months' long trend channel. This would also confirm a new trend channel to the upside.
This was formed from a breakout of the previous UP trend channel and already bounced off of the weekly S1 pivot line to retest the bottom of the previous trend channel. This forms the top and bottom of the next down trend. An early TP opportunity would be at the S1 level when it touches again incase of another bounce.
Looks to be some leveling off of price from the year long down trend. These big trading ranges can nab you 500-700 pips... just wait for it to start to take off and break the Red SuperTrend v1.0 line. Use a small position and just forget about it for a couple of weeks. Insta-Pips!
Small position size. No real confirmation of full channel size, but SuperTRend v.10 has flipped and Price Stochastics have been maxed out for days.
This seems like a good LONG to the top of the Trend Channel we have been in for months.
Nothing special here. Just shorting the price action.
Just another simple setup for a few pips.
Typical BUY signal for me is incoming. Just publishing this one because @jindrake posted a chart in chat and was long already. I would wait to bottom out the price because I hate seeing negative pips on my screen. Makes me doubt my price direction guess. ;)
As you can see we have been ranging on the 4 hour for a month or more now. We do happen to be in a Daily down trend, but we are due for a pull back before more down and that is where I plan to capture one last long before more down.
I have had my eye on EURGBP for some time now on DEMO, but only with this new UP trend forming have I moved it over to my REAL money account. Let's follow it along. If you have comments or are following along with the trade... be sure to let me know in the comments. What are you SLs or TPs?
Well that is IF there are no US rates increase in September that is... Still following the Soy Sauce idea (link in Related Ideas) which has a target of 100.50... I am going to take advantage of any UP and reSHORT higher if possible. A higher target on this LONG is possible that would take us up close to the right shoulder of the H&S that was formed on September...
After a great success with the previous SHORT (related idea below) with +260 pips... I believe the Yen is continuing to be strong and BOJ will not be able to hide it much longer. That along with a steady Dollar that won't show much strength till later in September or toward the end of Q4 means more down. On the technical side we are hitting the top of the...
Everyone has been trying to catch daggers as the USDJPY has been falling. Looking at the Daily and Weekly charts I see it may be time for a few days of LONG positions with another push down to the 0.618 Fib level from the last climb on the Weekly chart. After hitting the 0.618 Fib line I will take another look at going long if it seems we have hit a bottom and...
There had been a large drop previously charted and though I am a little early compared to my Fib timing chart... I am now convinced the reversal is here and will be taking a long position sometime at the close of the daily candle or during the following day's candle. It shouldn't pass through the Pivot line level and will probably use that as a jump off point.
After making a good run up from the latest bottom EURAUD hit previous resistance and pulled back as I expected albeit a little more down than I thought. Today we should see a move past 1.4780 and possibly pause at 1.4900.
Looking to get SHORT and see how low we can go. We may bounce up from the lower trend line that is ascending or if fundamentals change we could see lower Kiwi prices.
...the Euro is. And in truth the value of the Euro isn't really losing value (yet), but I think the effects from Brexit have already been felt and now the reality that it isn't so bad is beginning to set in. Time for some pull back. Our most recent high is a double top from the height of the Brexit news at the beginning of July and it just so happens to have a...