MrPresident

MrPresident P

Trading momentum up to resistance at 137.659 4 hr trend is bullish. Momentum north is strong. DXY is bullish so Dollar is weak. JPY pairs bullish across the board (correlation.

MrPresident P

My basis for taking this trade is this: 1. The momentum, which is very important to me, is very strong to the bearish direction. 2. There is a significant demand zone at 1.08318 3. There is a racetrack to the left where there are no unfilled orders to impede the sellers.

MrPresident P

30min Short breakout of the post session open range. Agressive and a little risky but good risk/reward ration. Strong short on screener Big momentum going into end of session.

MrPresident P

I set this up as a short on confirmation, reacting off of resistance. However it may also be setting up a range between 1.04633 and 1.03863. I think it could range there until midweek and by then a re-analysis would be necessary. Scalpers will almost certainly have opportunities long to 1.04633.

MrPresident P

AUD is respecting the trendline. Price broke through support that became resistance. A retest has happened so looking for short. Need to get a bearish candle leaving this area. Patience as it may bounce around a bit before it goes. Price could still make it's way up to touch the trend line again. So again . . . . patience.

MrPresident P

Looking more closely at the EURUSD Daily and Weekly charts, I believe there are more orders at the level shown here. This is my first ever trade on a weekly chart. I am continuing to watch the EURUUSD trade I published earlier as it may still prove a shorter term opportunity short.

MrPresident P Updated 

This is a position trade with two Targets. Should last weeks if not months. Entry based on Volume Profile resistance. Risk/Reward 5:1 and 10:1 On a demo account. Just for fun.

MrPresident P

Short trade on the 4 hour. Entry based on Volume Profile Resistance. Sell Stop entry.

MrPresident P

The DXY at a crossroads. It is in daily demand but it has breached it's lower trend line twice now. And the most recent higher high was not as much higher than the previous higher high as previous higher highs. It may be a little undecided about whether to fight south though the demand and start a new bearish trend or go north to continue the bullish trend . I...

MrPresident P

Previous trend had slow weak start with 3 new slightly higher highs showing an increasing trend strength. The two decreasingly higher his - losing strength. A left shoulder, head and a touch on the forming neckline. If this retraces to the resistance level set by the left shoulder it could be a nice H&S setup.

MrPresident P

GBPJPY Short off of a rising triangle. I was originally looking for a breakout of the triangle at about 147.5 and change. However it looks like it has returned to the down side of the Big Round Number 150. I think I'm in this too early but so it goes....... The 150 is a very strong round number zone right through the middle of the GBPJPY. It is very squishy zone...

MrPresident P Updated 

A possible Cup and Handle Reversal on the AUDNZD Daily. Also forms a descending triangle as any cup/handle pattern should. 1) If it closes above the upper triangle trend with a strong bullish candle then a ling trade should be successful. 2) If it breaks out below point B at 1.08334 then the reversal should be on. Inverted Cup with Handle " You must wait for the...

MrPresident P

NZDUSD Short 1) Entry on 4H 2) Trend on 1H is Bearish 3) Price action has been ranging for a short time 4) A Head and Shoulder has formed in the direction of a continuation. 5) A retracement is possible 6) TP is 75% of Neck to Head distance 7) 2 - 1% trades with TP at 1.2R and TP at 2+R

MrPresident P

1) New Trend Line set at top of early break of original Trend Line. 2) Second break of original Trend Line passes above New Upper Trend Line. 3) Limit order to trip if price re-traces to New Trend Line. 4) Should return to Big Round Number 1.5. 4) Trade entered off of Weekly Chart

MrPresident P

Expecting Strong Resistance at Big Round Number 150. Take Big Profit at Next Pivot Point. Take Small Profit at just under 158.

MrPresident P

Just following the trend on EUR NZD. Probably nearing the end of this trend because waves are getting smaller and smaller. Bears watching closely. Maybe a reversal or a range trade coming in the not too distant future on this pair.

MrPresident P

The previous trend was very strong. It ended in a brief period of ranging but is hopefully about to break out. If it comes back to the trend line after making a higher high it could be a very early entry into a nice trend. We shall see.....

MrPresident P Updated 

EURCAD / 4H / Trend line as Resistance Rules Establish Trend on 4H chart Draw Trend Line Mark highs and lows. Check the 200 EMA to confirm that Daily trend and 4H trend are correlated Enter when price respects trend. Exit when price turns back toward trend line. Repeat.