taftrader

taftrader

For my gun to the today i will play the recovery in dax. This is a risky trade in that the momentum huge the past 3 days. We seem to have found a bit of buyers at 11 500. If they are strong enough they could take us even back to test 12 000 ,but i will put my TP less than that. Remember we are still in bearish momentum any sign of resumption we should jump ship...

taftrader

Another good entry right here for this pair...That yellow zone is good resistance being the 8H kijun,4H kijun. Notice also that the 8H is currently through going through a bearish twist which adds to our bearish confluence. We want suck all the juice from the pair kkk Entry:6.383 SL : 6.410 TP : 6.288 R : 3.5 Smaller position because we already have a...

taftrader

Just got knicked out by one point so il re enter. The same hypothesis still stands. Entry: 13 255 SL : 13 423 TP 1 : 12 873 (R-2.2) TP2 : 12 313 (R- 5.45)

taftrader

BTC seems to have had a good run to almost 14 000 but it seems to be losing that momentum now. The area of significance for me is the 12 000 zone. If btc is to really have a good rally i believe it will have to come back and test that zone get more orders then spring up. I am taking this trade as a low risk very high return trade as it will done on the 1H in...

taftrader

That settles it for the day trade. Take profit reached at R- 2.58. I have a longer term view for this pair which is bearish if works out should give R close to 5. . . . .we wait.

taftrader

For my gun to the head il go for this pair. I am already in it but the longer term maybe 2 to 3 days but for today il short it here on the 2H. Beautiful engulfing on this timeframe. The overall analysis please see attached trade. Entry: 0.6886 SL : 0.6906 TP : 0.68509 R : 2.58

taftrader Updated 

Kiwi has been on a run,especially against the dollar since last week. The momentum might continue and we just saw a bounce off the top boundary of the daily cloud. We are going to ride this to the previous highs of 0.67500 Entry: 0.66918 SL 0.66663 TP 0.67500 R 2.3

taftrader Updated 

It seems the bulls were waiting at 0.92500 and price emphatically rose creating a bullish engulfing on the 21st. This could signal a few days of recovery and we are hinging on this for our long. Our confluence comes from the inverse head and shoulders created on H4,its not the textbook version but then again this is Technical Analysis,its sometimes more of an...

taftrader

We just hit our 1st TP of R-2.14. We now wait for the big on of R-4.77. We should get a pullback from here then another downslide.

taftrader Updated 

This trade is similar to the Pound-Swiss trade attached. September 7 weekly candle was very strong and showed us the bulls might have a compelling case on this pair. We retraced this move with 3 red candles and saw clear exhaustion of the bears this past week. We enter 2 positions to cover our 2 TP. Entry: 2 small positions @ 0.90639 SL: Just...

taftrader Updated 

We wanted price to hit yellow zone first but the sloped weekly kijun was hit 1st and just wacked price right back down. So we activate our trade with our ultimate target being the monthly tenkan. Our strong dollar position gives good confluence to this trade. Entry: 1891 SL: 1941 TP 1763

taftrader Updated 

There was strong conviction of sellers on the 7th of September weekly candle. In the following 3 weeks we saw retracement of this strong move back up to the kijun area (yellow zone). Last week's candle shows exhaustion of the bulls and we expect continuation of the selling that was started last month to complete some sort of ABCD pattern. We will open 1 standard...

taftrader Updated 

We have a channel that seemed to have formed on this pair. Price closed just above the Daily SSB and the weekly Kijun which is a strong support zone. This area is also the bottom borderline for our channel which creates good confluence for our hypothesis. We use two positions to cover our take profit areas. Entry: 1.77208 SL : 1.76332 TP1 : 1.79910 ...

taftrader

We have been waiting patiently for an opportunity to get in and we might have found it here. The H4 had a bearish engulfing at a zone of significance 6.500. This is an important zone because the weekly cloud boundary is coinciding with the monthly tenkan (which is sloping down so thats good) so we should get good rejection here. If not then price will have to...

taftrader

So we had a bearish thesis on this pair.This was based on facts we observed. This 1st one was that price was failing to break and close above 11.000 level,so that became a significant level as we had sellers there willing to defend it. The 2nd factor was that price was also skirting around the weekly Kijun which is a strong resistance. We initially got on...

taftrader

We jumped the gun earlier by going countertrend and mother market punished us with a SL. the yellow zone is what we had been waiting for and has been reached, well barely but its enough. The amount of sellers there is seen by the momentum with which price quickly departed from it. This trade is for a few days and the full analysis is attached. Entry:0.68842 SL ...

taftrader

We are going to close our short on the dax manually. We have a good support in the form of the monthly upper clould we are encountering. This can act as good support and we might get a retracement. There is no need to give back what the market gave us so we exit. TP1 : R-1.53 TP2: R-2.61

taftrader

We have an interesting scenario playing on ZARJPY. The trendline i drew there is actually a representation of the Monthly Tenkan on this pair. That is a strong resistance and we want to play rejection from it and get good R. Entry:6.470 SL : 6.484 TP : 6.401 R : 4,93