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 8 % other
Top Mentioned Symbols
EURUSD 16% | 23 GBPUSD 9% | 13 USDJPY 6% | 9 GBPCHF 5% | 8
daytradersfx daytradersfx PRO EURJPY, 240, Short ,
EURJPY: Summer Range makes... me feel nice... (sing it folks!)
41 0 3
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...
222 0 3
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
149 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!
282 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!
224 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!)
262 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
118 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
195 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!
188 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
488 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
235 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!
532 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
237 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 ...

daytradersfx daytradersfx PRO EURGBP, D, Short ,
EURGBP: HUGE Head and Shoulders - 370 pips
381 0 14
EURGBP, D Short
HUGE Head and Shoulders - 370 pips

So far loving this set up, it goes nicely with the GBPCHF long term chart posted yesterday. The head and shoulder patterns on both of these look great, if these can play out 300-500 pips on both will be fairly easy to grab. Conservative price projection puts a neckline break down to at least .7980 area, the neckline break out area is currently around .8350 so ...

daytradersfx daytradersfx PRO GBPCHF, D, Long ,
GBPCHF: Head and shoulders- looking for 400-500 pips
209 1 8
GBPCHF, D Long
Head and shoulders- looking for 400-500 pips

This is a great head and shoulders pattern, I am already long but I will be adding to this trade at some coming points. I'm long at 1.2450, I will add to this trade and position at/above 1.2650 area, looking for a 100 pip run before hitting the neckline. After that I'll manage the trade as follows. ENTRY: At the break of 1.2625-50 area I will add to my long ...

daytradersfx daytradersfx PRO AUDJPY, 60, Short ,
AUDJPY: Small head and shoulders- 100-150 pips
177 0 3
AUDJPY, 60 Short
Small head and shoulders- 100-150 pips

This one isn't the most popular pair to trade. It gave a nice quick 35 pips last night on THIS TRADE CALL and I think we could see another good push down to the weekly pivot. We have a possible head and shoulders forming, first off was the rising wedge now it's time for the right shoulder to form. One way or another I want to trade this to the weekly pivot, a ...

daytradersfx daytradersfx PRO AUDUSD, 240,
AUDUSD: Oh what a range, what a beautiful range!
317 1 12
AUDUSD, 240
Oh what a range, what a beautiful range!

Sorry for the "Mad Max" reference, such a great movie! AUDUSD has one of the best ranges I've seen yet! it's just shy of 100 pips, if you're a range trader than feel free to take advantage on buying lows and selling highs of this 100 pip range, keep stops tight because when this breaks out it's going to be probably with some good momentum. Once the range breaks, ...

daytradersfx daytradersfx PRO USDCHF, D,
USDCHF: 9950- make or break (big move coming up)
157 0 3
USDCHF, D
9950- make or break (big move coming up)

9950 is such a big level for USDCHF, if this holds we could see a nice bounce. BUY SIDE: I highlighted what could be an inverted hammer (depending on how the daily candle closes) if we keep a bullish body to the candle, 9950 could be a major bounce level for a big move higher, with tight stops below 9950. SELL SIDE: if 9950 doesn't hold I think the break lower ...

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