Dreadlegion

Dreadlegion

I just took my first entry in GBPNZD , and I am super excited for this trade. It is all the way down to S3 for the month, and has had a long month of going down. What goes down must come up, or is it what goes up must come down? It hows all the signs I need to buy currently. If it continues to go down I may add to it at a support level next month. Current...

Dreadlegion

NZDUSD usually follows AU, since I am short AU, and NU has hit a solid resistance level, i am taking my initial entry here.

Dreadlegion

FX_IDC:AUDUSD Currently Short on my initial entry. For this Trading style I look for the ebb and flow of the market, my initial entry is .01, with a second of .02, and occasionally a 3rd (have not hit that point before). I trade small in relation to account size so if you are reading this expecting big wins try to remember it's risk vs reward. The monthly...

Dreadlegion

I am short multiple positions already on EURCAD on this rise up, its been brutal but I think its insatiable bloodlust is finally quenched. I would like a .05 retracement here, but I may put a stop and let them run to monthly pivot. will start closing out if it breaks highs.

Dreadlegion

Long USDMEX till probably 20, maybe 22. its low point on the daily Is around 19.4, so it could go lower, and if it breaks that level you should consider closing. but so far the lower levels are holding which tells me this is ripe for a nice long long!

Dreadlegion

looks good and ready, i'm already in a few positions on the way up. For me I am targeting the missed weekly pivot at the .05 retrace, but once it gets there I may just put a stop on it and let it ride to the monthly pivot.

Dreadlegion Updated 

FX:USDJPY looks like it may finally be ready to pop like a balloon. UJ has a history of me wanting to be violent with it so initial trade should be small. but an end of week pullback on USD with a deflation of jpy from election results could mean a big short to 105ish.

Dreadlegion

FX:USDMXN My favorite exotic, UMEX looks poised to have a substantial move down soon. The DXY looks ready to drop, and the forecast for tomorrows interest rate decision for the peso is up .5% to 5.25%! That 1-2 punch should knock out the peso, and bring it way down before it rises again, I am targeting the monthly pivot.

Dreadlegion

EURUSD Long to 1.10. I believe the USD is finally running out of strength and is due for a correction. How big that correction will be and when remains to be seen. EURUSD just bounced off the bottom trend line, that support coupled with EOW pullbacks which should be starting tomorrow could make for a great correction post-election.

Dreadlegion

USDCAD in what is called a 2 trendy setup. I have an alert set for the break of the upper trend line, to short to the lower trend line. It could go as low as the monthly pivot. There was a huge gap trade on this so expect it to go up before it goes down.

Dreadlegion

I know basically nothing about Elliot waves other than what I have read on investopedia. EURUSD however looks like it may be finishing the last wave. I also like the way its just bouncing down, like a ball.

Dreadlegion Updated 

FX:USDJPY is notorious for running up, but it looks like it is starting to get tired. I am looking for a break of the steeper trend line, for a pullback to the lower trend line. The two-trendy system as I learned it from rob booker is a simple break in one trend line and a pullback to the current trend, which for usdjpy seems to be up. So, short it on break of...

Dreadlegion

looks like a 4H head and shoulders pattern to me on FX:AUDUSD Short on break of trend line to almost 0.75

Dreadlegion

FX:USDMXN has been on a savage tear the last 2 weeks. It has printed multiple Knoxville divergences as well. Using pivot points and trend lines, I shorted this on break of the last trend line. It now has 2 missed weekly piots, and 1 unhit weekly pivot. I want to short again on a break of the current trend line (which should also make it hit the weekly pivot)....

Dreadlegion Updated 

The indicators are all here showing NZDUSD had a great run up. I will be shorting it to the first trend line, if that breaks I will continue holding till the second trend line. Watch this 4h candle closely. If it closes as a bear engulfing candle then it is a sure sign of a reversal. I am also testing a new system on daily fractal trading, my current positions...

Dreadlegion Updated 

FX:EURUSD is finally showing signs of fatigue after several days of running up. I want to short it from now to the first trend line, possibly the second. Planning on closing it before the weekend as this is an end of week setup and not any sort of new trend. Stop loss above the highs.

Dreadlegion Updated 

Plugged in a Fib to see how it looks, assuming this is the bottom, its in a good position to break the trend line, hit the .236, retest the trendline, then head for the weekly pivot at .382, possibly even more. Just a theory I wanted to share.

Dreadlegion Updated 

EURUSD looks overextended after that big run up, I am short to the trend line however I have a stop loss in place because US red news is up in an hour.