Lanmar

Lanmar

The technical picture indicates a high probability set-up toward .6000. It also indicates a strong bottom at .6000 - .6100. Additionally, looking at the AUDNZD, GBPNZD, EURNZD crosses indicates that New Zealand is among the weakest currencies going forward. Structural upside break outs have occurred against a long term down trend in each of the three mentioned NZD...

Lanmar

Entry at 1.3770 Stop at 1.3655 Target will be announced based on price behavior near 1.40 Update for target: June 24 Filled at 1.3770 Target 1.3950

Lanmar

Pay attention or miss it

Lanmar

Filled @ 1.5435

Lanmar

Filled at 1.5435. Drew out analysis after I took a position.

Lanmar

short

Lanmar

Long

Lanmar

I see a major breakout Update - June 5th: Entry hit @ 1.5695

Lanmar

Decent reason to go short, but I see more substance to go long. This actually looks like a major breakout to me. Keeping stops much tighter than usual. Meant for EURNZD - PRESSED THE WRONG BUTTON. DISREGARD

Lanmar

A once high probability set-up is showing signs of a trend shift. Going long in the purple indicated areas. Update: June 23 2015 Removing all entries except for one. I don't particularly like this pattern. My conviction is not as high as it originally was. I am long X contract at .5% capital risk at 1.3770.

Lanmar

Going long on first contract.

Lanmar

Update May 11. Going long if price closes above blue line. Adding to my long position if it retraces to to 2.11. This is a huge breakout.

Lanmar

Incredible.

Lanmar

Chart patterns like this one are rare. Perhaps this happens to oil too? If it does, oil is headed toward 68. Let this be a learning lesson - patterns are more powerful than anything.

Lanmar

Beautiful symmetry. Bullish pennant and price touching its trend-line on the backside is definitely contradictory, however, breaking its trend-line takes precedence. I'll be waiting and hoping that oil reaches my entry. In reality, the smarter decision to make here is to go long and to prepare to add in the event price reaches my entry target. I sold out at...

Lanmar

We are either correcting toward 54 or breaking out higher as early as this week. Pennant pattern developed, maybe a flag pattern. Channel is difficult to gauge... Either black or blue depending on how you see it. Based on the symmetry of the pennant I'm going with black. I'm currently long with a target in the high 60'2. I will add to my position if it corrects to 54.

Lanmar

Counter trade traders, here's your bet.

Lanmar

chart Update 4/24: Example of pathetic stop placement. Clearly drew out my resistance along the diagonal line but did not consider it. Not only should my stop have been placed at around 1200, but my entry to short should have been 1193.