Warning Price is now coming to a complicated price structure. It is not complicated in terms of price breaking or bouncing off here. But it is not a zone you want to enter a trade. In either direction. I would not go long before price breaks 1.13 and i wont sell until price is under 1.12 again either. Take your pick, just my 2 cents on what I see now Stay...
See previous posting - link below Now we talk talking heat for a while ) My way of dealing with it on trades like this aren't by setting a 20 pip stop - thats for sure. I hedge the same chart and I hedge bigger that my initial trade size. This way my broker wont stop the trade since I can in fact show green fast despite me taking serious heat on the initial...
Well I am no details needed
see initial posting. price bounced so close to target 2 I can smell it. Trade profits locked in tight
See initial posting. Trade option 2 triggered. Lets see now about the rest
Se initial positing. now first target on trade idea option 2 triggered. Lets see now about the rest
a break of the next pivot above and the right shoulder is a clear target - then a sell option 2 - a break of the weekly pivot price just bounced from and there is 2 clear targets below to begin with. While here dont close your short to fast. Lock them in.
Its very tricky to pinpoint a new sell entry on the 60 min right now. If one wants a tight stop that is. Current level is ok if price breaks the weekly pivot its sitting on right now as I am looking at 38.50 as being the target. If price bounce from current pivot level then I am looking at 47.50 or even 49.50 as possible new entries. Lets see, its yet...
The gold price hit its median fair value on the weekly chart recently. That immediately made people start to call out long trades. They are trying to kick the ball as it flew by them. Sure, price bounced a little as it normally does when reaching such levels but that is no game changer. It only offers the patient trader new sell entries. The long term trend...
Long story short as I have posted so many trade ideas already This pair is a buy on every dip for me right now. Longer term targets are 1.60 and 1.75 right now I will see if one can buy again at 1.42, 1.41 or 1.40. I don't have enough PA to pinpoint it that sharply right now, but it looks like price is creating a rounded top at least.
Here comes another chart which many people will say is nuts until proven wrong as always. The fun part with saving charts here on TV is just that. To save the charts so you can use them later and rub them in someones face, or contact Admin trying to hide your failures (which he wont trust me I have tried )) Anyways, UJ is a sell on every buying rally for me....
USDCHF has a lot of ground to recover 1.05, 1.15 and eventually 1.30 0.99 is the first level to cleared for the rest to happen This trade idea goes hand-in-hand with my longer term gold sell. Now, some may say - this trade will take ages so I wont even look at it now..and sure, it will take some time. But fair enough, you wait then and buy as the price gets...
Price is fighting on to reach the 1.3460 - 1.35-ish area as priced did a healthy pullback back to the 23.6% recently it should have enough fuel to push on. But once price reach that first top target one just gotta wait and see if we get a juicy pullback or not. On a bit longer term my target for this pair is around 1.51 which goes hand-in-hand with buying oil...
The latest downtrend for AUDCHF has run since August 2012. A measured fib move on the weekly shows that price has hit 1.618 early this month (Sep 4th) Price is moving in large choppy swings here on the 60 min chart but is now heading towards 0.6930. A bounce there is to be expected but I expect price to try to break and clear that level. As that is done I...
My longer term trade is for 1.04 to be visited again but as price is about to hit a shorter term target closing a gap (shows as a long candle with a flat bottom here on TV since the data feed is too slow - see highlighted candle) (FXCM wont make this one the chart of the day - thats for sure )) A shorter term long entry from this level is doable to 2 possible...
AJ is a bit tricky trade in terms of predicting where to get in and sell again. We have the current level at 85 and price is lined up against and testing the trend line right now , next option up at 86-86.20 (Weekly pivot) and 87 Downside targets at 82 and 80 remains to be visited on shorter term and 72 on a bit longer time span. so until those levels are...