USDJPY Day TradesPair may fall where it is or pullback up to 800 sma and top range level.
TP 1 Short is 50 sma
TP 2 Short is 100 sma
50sma
EURUSD 4H MA Trade'sPrice is in between the 50 and 100 sma.
Price can continue long to 100 sma which is the TP.
Price can return to the 50 sma then:
Continue long to the 100 sma which is the TP
or continue short to the 800 sma which is the TP
Broadening wedge earnings playUSM is now in a broadening wedge pattern. Past volatility has proven profitable, hence my long order is till 50 MA and my short order is till the last low.Also, the volume has decreased showing there maybe a large breakout about to come and the Coppock curve is in a horizontal pattern and has also gone negative so it may rebound and go positive.
AUDUSD 1H Range TradesPair at bottom of range
Long Trade
TP 1 50 sma/50% fig
TP 2 100 sma/61.8 Fib
Short Trade
TP 1 -27.2% fib @ .7607
TP 2 -61.8% fib @ .7582
EURCAD 4H SMA TradesPair is in between the 50 and 100 sma. Price can return to the 50 sma and try again to the 100 sma or just continue to the 100 sma. Watch the 15m chart for entries. TP 1 is the 100 sma and TP 2 can be the 800 sma. A second entry is possible if the bearish trend moves to the 800 sma after a 15m break-hook-go of the 100 sma.
EURUSD 4H NFP TradeFind a pair price is close to 50 sma. If news is weak dollar then price will rise through 50 sma to 100 sma.
USDJPY 1H Range TradePrice at range top and a triple top Day resistance.
Enter break of 50 sma
TP 1 at 100 sma
TP 2 at range bottom @ 113.00
Earnings Flag Breakout?DVN previously has produced a head and shoulders patterns, hence the decrease in stock price for the long period. But, recently the stock broke out of its flag pattern and it is also earning report day for DVN today. So, there is an opportunity. I have put the Long order at the next fibonacci level, as that will provide support and resistance. The Long take-profit is till the 50 MA. The Short order is until the next lower fibonacci level.
USDJPY 4H Range Breakout Failure Bearish breakout of range failed. 100sma is supporting price and making a small range. Entry long would be breakout of small range box. TP 1 is 50 sma and TP2 is the range top zone. Macd is ready to move up.
SPX 15m Triangle Pattern System Short TrqdeATB Triangle Pattern Indicator showed open short trade alert. End of US Trading Day. Low price momentum. Price may come half way and go sideways. Then return to 50 sma and then continue move back to the 100 sma once there are more sellers in the market. Macd has room for the fall.
EURUSD 4H How to use the 50/100 sma as your Price Action GuideThe 50 and 100 sma are my guides for price movement on my charts. Price trends, ranges or consolidates. When price moves in between the 50 and 100 sma I call that my in side range. Price can move quickly through both or mostly it will consolidate. If I enter an inside range trade I do not expect to have price momentum going through that space. Also many times price will move from one ma to the middle of the inside range and then return to that original ma and either cross back over that ma and continue moving away. Or price will make a second attempt to cross through the inside range to the other ma and complete it this time. When price is in a trend or a larger range it can be far away from these two ma's. Price will want to return to these ma's . Price will either bounce off the first ma and continue the trend or return to the range res/sup line. Or price will go through the inside range and continue on. In this case when price crosses the last ma it will move with momentum. I always look for the 800 ma on a 15m chart and see how long price has not touched it. So if price structure looks like the 800 sma could be a TP I use it. I also try to see if there is a larger range box price is moving back and forth in and use those sup/res lines as TP. If price moves up to the top of the larger range and makes new highs then possibly a new trend is starting. Watch for fake break outs from the range box so I usually will wait on the breakout for a break of the trendline - a hook back toward the trendline - and a go with continuation candle patterns with the new trend.
BCH 4H RangeboundPair is rangebound between 100 sma and 50 sma. Breakout TP will previous support and resistance levels.
EURJPY 4H Channel TradesPair is in a descending channel. If price breaks long TP is previous resistance @ 134.40. My bias is short. Price bounced off top channel trendline. There is divergence in rising price and falling rsi. Macd is over-extended long. To confirm bearish move watch for lower lows and lower highs on 15m for entry.
50 sma 1st TP short.
100 sma break short is 2nd entry
Bottom of descending channel trendline is 2nd TP.
EURJPY 15m Trade Recovery TechniqueHow I turned a run away -112 loss active live trade into a 36 pip profit and only -26 loss (62 pip win minus 26 pip loss equals 36 pip profit). EURJPY 15m Chart - I hit the wrong timing and as many I let my loss run too long. I knew from other pairs and time frames that the EUR should drop and the JPY strengthen. When I saw a double top and a close below the 50 sma I switched to my 5m chart and entered on good bearish entry signals. My 15m chart had a long run of red candles and I was covering my losses enough and coming out with some profit so I closed everything. I didn't follow my rule to enter my trade with .01 micro to make sure the timing of my move is right then increase my trade size. Lessons learned and re-learned.
EURUSD 4H Trendline or Channel Top Reversal ShortPrice is at the top of a trendline and Channel Top. Taking reversal short trade. Breakout at Channel bottom may bounce at previous support level @ 1.1615 area. Take long trade if market fails to continue bearish run back into channel up to 50 sma or channel top.
GBPUSD 4H Range TradePair is at the bottom of a range box. Pending orders for long or short trades. Long TP is 50 sma. Short TP is a Weekly Pivot @ 1.3080
EURNZD 4H Down-trend Continuation MovePair has continued down from the 50sma and made a new low. There is an entry zone from the 50 sma to 1.6300. TP is previous swing low @1.6165. Watch Macd as it moves above and below the 0 level line and the Red line for direction. Is there a H&S pattern here? Comment below and tell us what you think will happen. It is great to learn one from another with your experiences.
GBPUSD 4H still has his Summer Shorts on!Pair can return to the 50 sma before price falls short through to the 100 sma. Price could fall below the 100 sma and do a break-hook-go short. TP is a previous support level. Macd will show direction if it rises up to the 0 level line and then drops below the Red line. Comment below and tell us what you think will happen. It is great to learn one from another with your experiences.
USDJPY Range Bound TradingPair has been making higher highs and higher lows so my bias is bullish. I am following the arrows and using the 15m chart for entries. Macd will help with price direction. This is my own opinion and not a trade signal.
EURUSD 15m Friday London Close Short TradeMy London close trade zone is 11:30 to 12:30 EDT. Price closed below 20 sma so I entered on the open of the next candle. I watched price at the 80 sma and the 800 sma to exit but so far I am still in the trade. I moved my SL to the 80 sma. The Big 3 indicator is red. I used the 20 and 80 sma from the Big 3 strategy.
ETHUSD 4H 100 sma Short Trade w/MacdPrice has flowed from 50 sma to 100 sma. Then price moved halfway between 100 and 50 sma and returned up to the 100 sma. This is a common pattern with sma's. Price may be ready now to fall to the 50 sma now. The 50 sma is the TP. SL is shown. Watch the Macd Blue line to cross below the Red line for a short pullback.
USDCAD 4H 100 sma to 50 sma Short TradeEntry @ 1.2255 below support
TP at 50 sma
Watch Macd Blue line cross below Red line
USDJPY 1H & 4H Short Trade4H chart shows price has been away from the & needs to return to the 50 sma. Macd is over extended above 70 level. This is my personal opinion and is not a trade signal.
