Derek_Lorentz

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About me Trading robots, forex, and futures while livin life on the beach Imperial Beach, CA
Joined United States Derek_Lorentz
Markets Allocation
100 % forex
Top Mentioned Symbols
GBPAUD 28% | 2 EURCAD 14% | 1 USDCAD 14% | 1 CADJPY 14% | 1
Derek_Lorentz Derek_Lorentz USDJPY, 15, Short ,
USDJPY: USDJPY - which way is it gonna be?
44 0 0
USDJPY, 15 Short
USDJPY - which way is it gonna be?

I'm thinkin a move lower is more probable here. Price is floating in pretty neutral territory around the 50% retracement of this recent bear move. Hopefully JPY fundamentals will give the Yen a little push and we can test these recent lows.

Derek_Lorentz Derek_Lorentz CADJPY, 15, Long ,
CADJPY: CADJPY looking for 92.07
49 5 0
CADJPY, 15 Long
CADJPY looking for 92.07

Can we get some JPY weakness to drive this pair up? I think so. Todays (soon to be yesterday) pivot has not been hit yet, and coincides with the 50% retracement of this recent downward move. 26 pip target with 15-20 pip stop loss. Not big money maker, but something to keep an eye on.

Derek_Lorentz Derek_Lorentz GBPAUD, 15, Short ,
GBPAUD: GBPAUD looking for some missed pivots
77 0 0
GBPAUD, 15 Short
GBPAUD looking for some missed pivots

Near term GBPAUD will be looking to tag today's pivot @ 1.8556. With recent GBP strength and AUD weakness the missed pivot from Feb 3rd at 1.8801 is certainly going to be a contender in the near future.

Derek_Lorentz Derek_Lorentz AUDJPY, 15, Long ,
AUDJPY: AUDJPY - targets in both directions
220 0 0
AUDJPY, 15 Long
AUDJPY - targets in both directions

AUDJPY is generally pretty darn good at making sure it hits daily pivots. With todays pivot 50 pips above current resistance, it would make for a nice target that historically worked out well. R:R would be about 1:1, but stops should be managed to reduce risk once in the trade. If we get price wanting to continue with the downward momentum, the next support level ...

Derek_Lorentz Derek_Lorentz USDCAD, 15,
USDCAD: USDCAD 15min Setups
141 0 1
USDCAD, 15
USDCAD 15min Setups

Here are a couple thoughts for USDCAD for the London and NY sessions. Maybe not the most solid setups ever, but worth considering. A move outside of the current short term range should yield 20 pips in either direction. Since the dollar is trading in somewhat new, high territory against the CAD I don't have a whole lot to work with to the upside. Maybe an ...

Derek_Lorentz Derek_Lorentz GBPAUD, 15, Short ,
GBPAUD: GBPAUD 15min Sell
60 0 0
GBPAUD, 15 Short
GBPAUD 15min Sell

GBPAUD has a new daily pivot that has not been hit yet which also lines up fairly close with the 15min 100sma - this can be used for a nice 20 pip target. With little resistance along the way, you could easily look to target the 4hr 50sma for an additional 30 pips.

Derek_Lorentz Derek_Lorentz EURCAD, 15, Short ,
EURCAD: EUR/CAD Sell Opportunities
42 0 0
EURCAD, 15 Short
EUR/CAD Sell Opportunities

Looking at EURCAD 15min chart there are a couple of solid opportunities for shorts. For a quickie you can sell on a break below the 15min 50sma and target the new daily pivot. For a bigger target, sell on a break below recent support at 1.5207. You can reasonably use a 30 pip target without running into many issues. Want more? Take the quickie entry, but ...

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