daytradersfx

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About me full time forex trader, world traveler and educator.
Joined United States daytradersfx
Day trading the night away!
Markets Allocation
89 % forex 3 % indices 1 % stocks 8 % other
Top Mentioned Symbols
EURUSD 15% | 23 GBPUSD 8% | 13 USDJPY 6% | 9 GBPCHF 5% | 8
daytradersfx daytradersfx PRO GBPJPY, 240,
GBPJPY: Big pips either direction
185 0 6
GBPJPY, 240
Big pips either direction

As we go into the end of the month and ultimately into August, the infamous low volume month, I will be looking for two things on this pair. GBPJPY will likely get choppy but not like the rest, it can move so much more than other "normal" pairs. Pretty simple set up here: 1. Sell break of 144.90 targeting 144.00 2. Wait for a push higher and look for a break of ...

daytradersfx daytradersfx PRO USDCAD, 60, Long ,
USDCAD: Ready to buy dips or break outs
269 5 9
USDCAD, 60 Long
Ready to buy dips or break outs

USDCAD is looking pretty oversold, 1.2460 looks like a nice level to start getting long, watching 1.2740/50 area for the first target. USD seems eternally weak so I will protect profits quickly and aggressively.

daytradersfx daytradersfx PRO CADJPY, D, Long ,
CADJPY: HUGE head and shoulders pattern- 500 pips
147 1 7
CADJPY, D Long
HUGE head and shoulders pattern- 500 pips

This is a great set up on the daily chart, the head and shoulders pattern is structurally clean but don't be surprised to see some chop around the neckline. I'm looking to start building positions around the neckline. There's a pretty solid 500 pips to work with here. This will be a tricky trade, start small and scale in. Happy pippin...

daytradersfx daytradersfx PRO CADJPY, 60, Short ,
CADJPY: simple pattern could be start of bigger movement
128 1 10
CADJPY, 60 Short
simple pattern could be start of bigger movement

This is a simple trade, we made money on this one today and we could make another chunk of money on this next break. Selling break out if it happens, if new highs happen it will invalidate anything on this pair and I won't trade it.

daytradersfx daytradersfx PRO SNAP, D, Long ,
SNAP: Massive falling wedge- starting to look interesting
116 0 8
SNAP, D Long
Massive falling wedge- starting to look interesting

This is a simple chart, I'm watching the falling wedge and interested buying some break outs

daytradersfx daytradersfx PRO EURJPY, 240, Short ,
EURJPY: Summer Range makes... me feel nice... (sing it folks!)
833 4 13
EURJPY, 240 Short
Summer Range makes... me feel nice... (sing it folks!)

Everywhere I like I see ranges, NZDUSD has been ranging for days and day, EURUSD is weeks into it's range, USDCHF as well and EURGBP has been in a large range for well over a years. EURJPY has a smaller range but a nice possibility of a trade in the works. I want to see price rejection off 126.00 area, sell a trend line break and target the missed weekly pivot ...

daytradersfx daytradersfx PRO EURGBP, 240, Short ,
EURGBP: Let's sell this...
275 0 4
EURGBP, 240 Short
Let's sell this...

EURGBP has a great set up, one I'm pretty excited about trading. 8850 has done nicely holding as range highs and so far price has rejected off that level yet once again. I'm going to be simple about this, sell break of trend line, target monthly pivot below... boom, done! Any questions...?

daytradersfx daytradersfx PRO EURNZD, 240, Long ,
EURNZD: I want to buy if this level holds
165 2 12
EURNZD, 240 Long
I want to buy if this level holds

Here's a simple channel, if lows hold and the channel breaks I will buy this with one position with stops below the lows. You like? I'm going to risk 50-75 pips and target 150+ pips

daytradersfx daytradersfx PRO EURUSD, 240, Short ,
EURUSD: Drop it like it's hot!
303 0 17
EURUSD, 240 Short
Drop it like it's hot!

EURUSD looks ready for a fall, I'd like it to reach 1.1300 first but I'll also trade a trend line break down towards missed pivots below. The chart says it all. Let's trade this and make some money! Anything above 1.1300 (nov 9th/election highs) and this will likely head higher.

daytradersfx daytradersfx PRO NZDUSD, 60, Short ,
NZDUSD: Rising wedge- it's almost go time!
236 0 9
NZDUSD, 60 Short
Rising wedge- it's almost go time!

Look for quick profits here, we have a rising wedge on the hourly chart, this isn't likely to be a HUGE move but I think it'll be worth our time. Not to mention I like NZD weakness set ups on a few other pairs, namely NZDJPY and GBPNZD. Pretty simple, we have two weekly pivots that haven't been touched below with a monthly pivot anticipated around .7020 ...

daytradersfx daytradersfx PRO GBPCAD, 60, Short ,
GBPCAD: A quick 100 pips (HIGH PROBABILITY SET UP!)
271 0 8
GBPCAD, 60 Short
A quick 100 pips (HIGH PROBABILITY SET UP!)

This may look like just a simple channel/trend line break out, which it is (think "no country for old men"). What makes this a great high probability set ups is the line up of multiple missed weekly pivot points. Two ways to trade this: 1. short trend line break, have 70-80 pip stops above recent highs and target weekly pivot at 1.7520. 2. OR you can trade it ...

daytradersfx daytradersfx PRO EURAUD, 240,
EURAUD: Huge possibility either direction
128 0 6
EURAUD, 240
Huge possibility either direction

This pair is at a crossroads, there's been Euro weakness as well as Aud weakness which makes this tricky but the set up is too good to pass over. Above 1.4180 this gets slightly bullish but the real confirmation is above the larger trend line (falling wedge on daily chart). There's hundreds of pips if those highs don't hold. Below trend lines and in the circles ...

daytradersfx daytradersfx PRO AUDNZD, W, Long ,
AUDNZD: This might be the only long term game in town- 300-500
201 0 11
AUDNZD, W Long
This might be the only long term game in town- 300-500

I posted two charts because I wanted to show how the the bigger picture is playing out and how to managed the more near term trades/entries. As you can see on the chart below, the weekly chart has a 5 year old trend line that has broken, the market closed and opened above that trend line and has pulled back to retest. The chart above shows a more near term ...

daytradersfx daytradersfx PRO EURAUD, 60, Short ,
EURAUD: head shoulders knees and toes- 150 pips coming!
205 2 11
EURAUD, 60 Short
head shoulders knees and toes- 150 pips coming!

I like euraud below 1.3880, I want 150 pips into the next support level at 1.3730 which is great symmetry. Otherwise it's a pretty simple head and shoulders trade. Jump in on the action, I'll update the chart as I go.

daytradersfx daytradersfx PRO EURUSD, D, Long ,
EURUSD: head and shoulders- 200 pips
498 1 11
EURUSD, D Long
head and shoulders- 200 pips

It's all laid out on the chart, head and shoulders on daily chart. I want to see clearance of 1.080, looking for a move into 1.1000. Daily necklines can get choppy so caution there. Also we have US interest rate news this week so watch for USD activity. I want to trade from 1.0800 break to 1.1000 target.

daytradersfx daytradersfx PRO GBPCHF, 240,
GBPCHF: Range break out- 200-300 pips
238 0 4
GBPCHF, 240
Range break out- 200-300 pips

I posted a chart of a MASSIVE head and shoulders for this pair, that is almost been invalidated. Anyway it never confirmed so we didn't get an entry anyway. BUT... Now we have a great looking range, we see GBP weakness continuing to hold, I want to see a break of the range low for 200-300 pips. I will probably stay with selling the break of 1.2350, however I ...

daytradersfx daytradersfx PRO EURNZD, D, Long ,
EURNZD: 600-700 pips profit, thank you very much!
536 4 7
EURNZD, D Long
600-700 pips profit, thank you very much!

Nothing too special about this set up other than the 600-700 pips profit potential! The EURNZD is top of the list as most volatile pairs in the solar system so be ready for a wild ride if you decide to follow along with this. We have a massive falling wedge that's breaking out and it appears it's pretty confirmed. MY entry: BUY PULL BACKS. For example, it's ...

daytradersfx daytradersfx PRO GBPNZD, 240,
GBPNZD: Solid channel, looking for 200 pips either direction
238 0 6
GBPNZD, 240
Solid channel, looking for 200 pips either direction

There's a great channel on this pair, I'm looking for a break of the channel and a 200 pip run either direction. For now I'm watching 1.7200 support or 1.7475 resistance, both look great for a break and a 200 pip move. Pretty simple, if the break happens I only want to stay in the trade if the break out holds, any moves back into the channel will invalidate the ...

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