SEE NOTES ON CHART. Thanks!
See Notes on Chart. Use your stop and never trade without one. Have a great week!
The pound Canada is in an up abcd swing. The market is in the buy zone and is in an uptrend. I came off the trade on Friday and so now I will wait for the market give a low price before adding back to the Daily D extension. I am looking for a bounce off the B boundary which is at about 1.7340 and then a race back up to the D at 1.8039. You guys have a great week!!
The Pound Yen is in an upward bullish movement toward the north. I am waiting for the market to come down to the Daily D extension and hit the trendline, where I will expect a bounce north into 151.38. The daily time frame is in the buy zone above the up trendline and is now moving bearish to form a low price. After turning to the one hour time frame, place a buy...
We are getting bounce on Pound New Zealand at the 1.80 mark. This is monthly support. My charts show stops and limits for the initial position. I'm running one and if we continue to get the long move I plan on adding all the way into 188. Thanks!
I apologize that I have not posted in a while. My family obligations have been too important since early this year. The EJ monthly timeframe is in an upswing and I am selling retracement off the daily timeframe. The pair has slowed and I am looking at the trendlines illustrated in the chart. When the position retraces through the trendlines, I will remove the...
On Australian New Zealand there is an up AB sequence on the short frame within a major down sequence on the daily timeframe which can reach into 10330... Here is the swing with the two targets. (The professionals allow these up moves to send the majority of the market into losses. Top of this thing at 107 will hold.) We are moving the stop into 10710. There are...
I have triggered into the first position on eurocanada from 1.4107. I will continue to sell this pair back into support. Stop 1.4227 target is 1.3849. If you look at the monthly chart on this one you are in a channel down. I am simply trading the pullback into what may be the bottom of new consolidation. Starting it with one position and will add on the way down. Thanks!
I've started to reenter sells on Eurocad from 14107. Stop is 14227. Go back to the 2 hour support area at 138 and then trade it to 130. I am just taking the recent pullback. I have one running and will add as it makes progress. Thanks!!
I am looking for buying opportunities back up to the 1.47 area for euro aussie. already running one position. will add the majority when this trendline breaks. This is good one to keep an eye on with the aussie basket trades coming off. Thanks and have a great week.
Trading this long from 1.3205. This is a crown pattern in a channel up. I will see how and if this runs tonight and then will continue to add all the way north to 1.39.
This was a great introduction to 2017 with more yen sells to come. I am headed off this at 115 because of non-farm payroll tomorrow. I see a bounce and then long for a nice pullback. I still think this is headed to 109 but whether it gets there during January may be doubtful. I had a great time trading with the primary FX room this week on these yen crosses and...
I am bullish on the pound yen from above 126.50 and am recognizing the first take profit area just below 137. If you are not on this trade, look for a pullback on the one hour chart and wait. Definitely take some profit off at 136.97... it actually may bounce there and give you the pullback to proceed on with it. Keep reviewing it on the one and the two hour. I am...
I have been trading the dollar index pairs and am dropping some off the short until dollar confirms it is going to jump the monthly AB boundary and head north to 12650. Take some off- ultimately we can look for more down on this but will reenter. Thanks!
The Bears are looking for a great reentry to sell pound!!We have been buying the retracement on Pound since Monday night. Right now I am waiting for the market to break and close above a counter trend line break on this current flagpole pennant as the market looks for a good spot to reshort. The D extension of this up pulse is 129.20. Place the stop ten pips...
I have another post on my wall regarding sells on AJ. I was picked up from 80 this morning because of the long term bear channel. Go to the support at 77.25. Keep the stop above the center wick high. Thanks!
Heads up... AJ Has been in a long term daily bear channel. I am going to watch for the hit on this channel and then look for sells from 8050 down into the 77 area if we can get it. I still think this may be a little low for AJ but at least it's coming into an area that we can work with. I will let you know when we are on. Thanks!!!
Waiting for the market to break and close above a counter trendline break. I am only risking 36 pips on this pair and placing the stop 10 pips below the u turn. entry likely will come in above 1.6973. The exit will be at 1.7202. HAPPY ROCKTOBER! xo