Were looking for a clean break of the 1.2775. If that does occur we will take a short position with a main target of the 1.2535 area. I will have other profit targets to post once the trade is active.
GBPUSD Just poked thru the 20 week High of 1.2775 Ill be looking closely for a reversal signal and position with a target of 1.2534 This is not an algo based trade.
Looking closely at the GBPAUD pair for a possible LONG in the next few hours. Not sure yet of the price targets..but if i get a signal around 12/midnight (est)..that would be a really good entry :)
Just placed a Long position on the GBP/JPY pair with a focus on the 1st Price target of 40 pips. The next 2 are on the table but the probability of a hit on those is not very strong...but we never know until we know... Good Luck Traders
Looking ahead to the Spring/Summer trading season. Since the beginning of last December the selling of the Pound vs. the Yen has been quite steady..as we do see some buying opportunities ahead at these several noted reversal zones. I am very cautious of the 126.80 area as we could see a hard push from institutions to re-test the 2011 low of the 166.80 area, so...
Here is our 1st EUR/AUD position with our new updated algo. Only 1 target was generated for a possible 40 pips. Lets see how this works out. Good Luck Traders.
Just placed a short position on GBP/AUD 1.6548 with only 1 price target for a quick 30 pips.. T1 = 1.6516 Target #1 has a 90% hit rate Good Luck Guys.
These are the 3 Long Entry areas for next week. I am shooting for an entry in either the 2nd and 3rd Long Entry areas. The 3rd is the 50% fib retracement line..so more than likely there are a ton of retail longs sitting there. **but always remember the institutional traders also see this.... and will stop hunt these long orders out..so always allow for some...
These are the 2 Short Areas were focusing in on for the upcoming week. I will be taking a short position once price crosses back thru the Short Area 2 or the 3 area...if it ever does get that far. I will post...when placing my entry. Good Luck this week traders.
GBP/JPY 8 trades = 511 Pips Captured GBP/AUD 6 trades = 615 Pips Captured EUR/NZD 1 trades = 140 Pips Captured 3 small losses totaling 64 pips
Just placed a short position before the close on GBP/AUD 1.6183 with 3 price targets..not a fan of holding a position over the weekend..but we may get a strong pullback to the 0.23 fib line or more. If it downs continue pass the 1st 2 targets and then we will keep the short down to the next fib level 1.6247 T1 = 1.6335 T2 = 1.6319 T3 = 1.6302 Target #1 has a...
Just entered a Long position at 138.90 with 2 price targets. This is not a strong time frame so a quick exit will be in effect if things go south quickly. Target #1 139.09 Target #2 139.27 Good Luck.
Just entered into a Long Position with 3 price targets This is not a very strong signal based on the time of entry so we will keep a short leash on this trade. Keep in mind that a break of 140.60 will keep us in this long trade and new price targets will be posted. Target #1 140.28 Target #2 140.37 Target #3 140.46 Good Luck Everyone!
This entry area of 159.50-60 will be predicated on the GBP CPI driving price down to this level. Once this level is hit I will look for a specific entry level and I will also post my price targets as well. This is not a high probability trade..its ONLY valid if the CPI numbers drive the Cable lower. We'll keep you posted.
The EUR has been eating the New Zealand Dollar with a vengeance since Feb 23rd We have seen since then a slight pullback to the 0.23 Fib and then a fail to retest the high of 1.5452 We will enter LONG if the High 1.5452 is compromised and also enter Long is we get another bounce off of the 0.23 fib level we also looking at the 0.38 level & 1.5127 area for a...
GBY vs JPY - Weekly Outlook - Has fallen 433 Pips from 142.80 on February 15th - Made its last LOW of 138.43 on March 8th - Now has made a new High 140.59 off the previous low and this higher LOW of 138.56 i My breakout LONG is set above 140.59 and my LONG is also positioned right above the 138.43 area unless that 138.43 is taken out..then we will...
2 targets in sight on this long position. This is a strong time frame entry with a 80-90% hit ratio, so if it does hit these 2 targets with ease, I will stay in this position and add 2 more price targets right away. T1 - (30 pips) T2 - (40 pips) Good Luck Everyone