traderparag

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About me I like to understand the market conditions & directions using various but simple methods, such as, Support / Resistance levels, Trend-lines, Fib, simple wave theories, EMAs and then take the trade - mostly in the direction of the trend.
Last visit Joined a year ago Melbourne, Australia
Markets Allocation
100 % forex
Top Mentioned Symbols
AUDUSD 42% | 3 GBPJPY 28% | 2 AUDJPY 28% | 2
traderparag traderparag GBPJPY, 60, Long , 9 months ago
GBPJPY: GBP/JPY is a good Long opportunity on Hrly charts
26 1 0
GBPJPY, 60 Long
GBP/JPY is a good Long opportunity on Hrly charts

I am already long GBP/JPY as it crossed 200 EMA on Hourly chart. ADX has moved above 30 as well - so I would add more as I see strength in this rally now. Strong close below 200 EMA is trailing stop loss, or else any retract to 200 EMA is a buying opportunity.

traderparag traderparag GBPJPY, 60, Short , 9 months ago
GBPJPY: GBPJPY looking weak on Hourly charts
104 1 3
GBPJPY, 60 Short
GBPJPY looking weak on Hourly charts

Using 20 EMA as a trailing stop, GBPJPY is giving a good SHORT opportunity with a good Risk:Reward... Price is solidly in the negative territory and has good room on the downside...

traderparag traderparag AUDJPY, 60, Short , 9 months ago
AUDJPY: AUDJPY is a good short opportunity on 1HR chart
44 1 2
AUDJPY, 60 Short
AUDJPY is a good short opportunity on 1HR chart

Using 20 EMA (strong close above) as trailing stop loss, AUDJPY looks like a good opportunity to short right here for a good rally down... Besides, AUD is very weak and JPY is pretty strong overall for now...

traderparag traderparag AUDUSD, 240, Short , 10 months ago
AUDUSD: AUDUSD - This leg could go down between .71600 to .72000
93 1 6
AUDUSD, 240 Short
AUDUSD - This leg could go down between .71600 to .72000

Another chart showing a good possibility of a downside based on Fib .618 Retracement... which could take AUDUSD to anywhere between .71600 to .72000 Short on AUDUSD... with a SL of .77200

traderparag traderparag AUDJPY, D, Short , 10 months ago
AUDJPY: AUDJPY appears Bearish - ready for next leg down?
78 0 4
AUDJPY, D Short
AUDJPY appears Bearish - ready for next leg down?

AUDJPY appears to be trading well within it's zone here and could go down it's next leg.. I'm short AUDJPY..

traderparag traderparag AUDUSD, D, Short , 10 months ago
AUDUSD: AUDUSD appears BEARISH and could go down from here..
48 0 1
AUDUSD, D Short
AUDUSD appears BEARISH and could go down from here..

Many indicators & simple wave theory suggest that AUDUSD is headed down to levels of 73850... I'm short on AUDUSD with a SL of 7720

traderparag traderparag AUDUSD, D, Short , 10 months ago
AUDUSD: AUDUSD - Looks Bearish and hence a SELL
42 0 1
AUDUSD, D Short
AUDUSD - Looks Bearish and hence a SELL

AUDUSD has a strong resistance zone now between 7700 to 7720 and as per my simple wave count and analysis, looks like it will go further down. I'm short on AUDUSD.

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