MrVolcano

PRO
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About me Tech guy committed to learning forex trading. I'm very much still learning but I publish my trades and ideas here as a kind of trading journal for myself, but hopefully other might also find them beneficial. Feel free to get in touch or provide feedback.
Joined Bali, Indonesia
Markets Allocation
89 % forex 2 % commodities 1 % cryptocurrency 7 % other
Top Mentioned Symbols
AUDUSD 12% | 10 USDJPY 8% | 7 GBPUSD 8% | 7 EURAUD 6% | 5
MrVolcano MrVolcano PRO XAUUSD, D, Long ,
XAUUSD: Gold looks ready for some upside - but don't rush in
496 6 10
XAUUSD, D Long
Gold looks ready for some upside - but don't rush in

Gold looks like a very good long at the moment. Gold has broken above the recent downwards trendline and looks about ready to retest the trendline as support. There's good confluence of... Confluence of 200 EMA Bounce off of 1st trendline support (purple line) Bounce of Fib 61.8% level However, my spider senses are warning me that it might be a wee bit ...

MrVolcano MrVolcano PRO EURJPY, D, Short ,
EURJPY: EURJPY - Break of trendline
159 0 3
EURJPY, D Short
EURJPY - Break of trendline

Price has broken below the trendline and re-tested the trendline as resistance forming a bearish engulfing signal.

MrVolcano MrVolcano PRO LTCUSDT, 60, Long ,
LTCUSDT: LTC heading to 63/64
228 3 3
LTCUSDT, 60 Long
LTC heading to 63/64

For anyone that bought Litecoin yesterday, it's temporarily stopped for a breather. An ascending triangle has formed and price should break out above. The measured objective (which is measured at the largest width of the triangles "mouth") shows that price will likely reach around $63-$64. There is a Fib 76% level that could act resistance on the way, but i ...

MrVolcano MrVolcano PRO GBPNZD, D, Short ,
GBPNZD: GBPNZD - Break of trendline support
49 0 2
GBPNZD, D Short
GBPNZD - Break of trendline support

Price has broken through this trendline. Will enter on break around 1.738. There could well be a reversal at 1.72 and retest of 1.74. Just sit tight or sell the first position and reenter on the re-test.

MrVolcano MrVolcano PRO EURAUD, D, Long ,
EURAUD: EURAUD - Very nice bullish continuation pattern
79 1 8
EURAUD, D Long
EURAUD - Very nice bullish continuation pattern

Morning Star derivative has formed at the fib 50% level and has strongly broken above recent short term down trend, suggesting that bulls have acknowledged this level. We also have extra confirmation with Hidden Bullish Divergence and Stoch crossing out of oversold levels.

MrVolcano MrVolcano PRO GBPUSD, D, Long ,
GBPUSD: GBPUSD - Bullish Engulfing signal above flip zone resistance
114 0 3
GBPUSD, D Long
GBPUSD - Bullish Engulfing signal above flip zone resistance

GBPUSD has had a nice bull run recently. Price did gap down at the weekend, but yesterday a bullish engulfing candle formed indicating that bulls are still in command. The signal has formed above a s/r area and is aligned to the recent trend line. Things could get a bit choppy midway, but the next major resistance is around 1.3370, where H-resistance intersects ...

MrVolcano MrVolcano PRO AUDJPY, D, Long ,
AUDJPY: AUDJPY - An assortment of bullish signals
59 1 4
AUDJPY, D Long
AUDJPY - An assortment of bullish signals

We have a morning star derivative, bullish engulfing signal AND a gap down and then engulfing bar. Price has closed above resistance at 84.00. This looks very bullish.

MrVolcano MrVolcano PRO XAGUSD, D, Short ,
XAGUSD: XAGUSD - Pinbar rejection of fib level
108 0 6
XAGUSD, D Short
XAGUSD - Pinbar rejection of fib level

Daily pinbar rejection of the recent downward move. Now because price moved aggressively upwards on 15/3 after the FOMC, it is possibly that price could continue heading higher. However its a pretty compelling signal and the previous downwards move from 2-14 march was strong, it's quite possible that this could signal a resumption of that down move. So far ...

MrVolcano MrVolcano PRO AUDUSD, D, Long ,
AUDUSD: AUDUSD - Retest of SR level
95 0 4
AUDUSD, D Long
AUDUSD - Retest of SR level

AUD has been unbelievably strong recently. Price has broken above the dotted red trendline and retested the trendline on the 4hr chart. Waiting for price to retrace to the blue 1hr trendline to enter long. Expect some resistance around 0.7710 but I think price could now make it to 0.7760 before hitting major selling. 1h ...

MrVolcano MrVolcano PRO EURAUD, D, Short ,
EURAUD: EURAUD - Rejection of 100EMA
41 1 3
EURAUD, D Short
EURAUD - Rejection of 100EMA

A bearish kicker signal formed rejecting the 1.42 level. This level is confluent with : Daily 100 EMA Is a 50% fib retracement of previous downward move Stoch is crossing below the 80 level

MrVolcano MrVolcano PRO GBPUSD, D, Long ,
GBPUSD: GBPUSD - Morning Star
186 0 6
GBPUSD, D Long
GBPUSD - Morning Star

There's so much going on here! Morning star derivative/bullish engulfing signal Trendline retested as support Fib 76.4 retracement level I think that movement may be quite slow pending this weeks FOMC. Obviously the outcome of that meeting could have a huge effect on this trade so trade with caution.

MrVolcano MrVolcano PRO GBPCAD, 60, Long ,
GBPCAD: GBPCAD has broken short term trendline
54 3 3
GBPCAD, 60 Long
GBPCAD has broken short term trendline

Price has broken above the trendline and looks to be retesting as support. Bullish engulfing signal with a long lower tail, Looks bullish.

MrVolcano MrVolcano PRO USDJPY, 60, Short ,
USDJPY: USDJPY - Quick 1hr pin bar
125 0 2
USDJPY, 60 Short
USDJPY - Quick 1hr pin bar

Just noticed this 1hr rejection of the short term down trend. Looks like an easy 2R.

MrVolcano MrVolcano PRO USDJPY, D, Long ,
USDJPY: USDJPY may have found support.  Ready for a new impulse?
111 0 3
USDJPY, D Long
USDJPY may have found support. Ready for a new impulse?

USDJPY has been in correction since January, but it's now at the Fib 38% and 100EMA levels appear to be providing support. Here we could see price break higher, but we need to see the red down trend line can be broken. There is still risk that price could head lower to the fib 50% level if support breaks, so we need to be patient.

MrVolcano MrVolcano PRO USDCAD, D, Short ,
USDCAD: USDCAD at highly confluent area
52 0 1
USDCAD, D Short
USDCAD at highly confluent area

Highly confluent area where 50, 100 & 200 EMA's cross, ascending resistance and descending resistance meet and is also a fib 61.8% retracement level. Be patient and wait for price to go higher and then a bear signal rejecting the ascending trendline. Looks like a very good place to short from. Today's US Crude inventory figures could be the catalyst to start ...

MrVolcano MrVolcano PRO NZDUSD, D, Short ,
NZDUSD: NZDUSD - Bearish rejection at highly confluent level
124 0 8
NZDUSD, D Short
NZDUSD - Bearish rejection at highly confluent level

The daily candle hasn't yet closed, but looks like a strong bearish rejection of resistance and bearish engulfing signal. NZDUSD has been in a strong bullish trend since December 2016 and the previous BE signal on 26-Jan failed, so we really want some strong confirmation that bears are in control now. The top of the candle is just about piercing the upper ...

MrVolcano MrVolcano PRO NZDCAD, D, Short ,
NZDCAD: NZDCAD - Price rejection at upper trend line
61 2 6
NZDCAD, D Short
NZDCAD - Price rejection at upper trend line

Price is now showing clear rejection of the upper trend line. Bulls tried a couple of times to push through, but look exhausted now and bears are stepping in. Yesterdays bar clearly shows rejection of the 0.9600 level and also engulf the previous 2 days bars. I'm hoping that price will now head to trend line support at 0.9100, but there is also previous support ...

MrVolcano MrVolcano PRO EURAUD, D, Long ,
EURAUD: EURAUD - Break of trend line
59 0 3
EURAUD, D Long
EURAUD - Break of trend line

Price had broken the short term downwards trend line, and has retested previous support which appears to be holding. Price has been in a range since October and I'm trusting that price will head higher and retest resistance at 1.45. 1.45 is confluent with the top of the range AND long term sideways trend line resistance level so it's sure to be an area to watch.

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