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NZD/CAD, NZD/CHF and AUD/CAD on watch for me today.Morning all. I have three pairs on watch today. The first one I'll almost certainly not be trading now which is NZD/CAD, because I just placed a market order on AUD/CAD and I never have more than 1% of my capital exposed to any one currency at any one time if my bias is the same on that currency where both currency pairs are concerned. But it's possible that NZD/CHF might give me an entry by the end of the say, because it's doing exactly what I thought it might do at the moment. So I'm currently short on AUD/CAD, so I'm now just watching this for monitoring purposes, but the other two are what I'll be watching for trading purposes for the rest of the day. Have a fab day folks! NZD/CAD: • If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/CHF: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it. • If price only pushes up to and ideally just above our upper rayline and the last part of the move is corrective, then I'll once again be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it but I'll be hiding my stop loss above our upper ascending trend line for extra protection. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/CAD: • If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
3
NZD/CAD, NZD/CHF and AUD/CAD on watch for me today.Morning all. I have three pairs on watch today. The first one I'll almost certainly not be trading now which is NZD/CAD, because I just placed a market order on AUD/CAD and I never have more than 1% of my capital exposed to any one currency at any one time if my bias is the same on that currency where both currency pairs are concerned. But it's possible that NZD/CHF might give me an entry by the end of the say, because it's doing exactly what I thought it might do at the moment. So I'm currently short on AUD/CAD, so I'm now just watching this for monitoring purposes, but the other two are what I'll be watching for trading purposes for the rest of the day. Have a fab day folks! NZD/CAD: • If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/CHF: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it. • If price only pushes up to and ideally just above our upper rayline and the last part of the move is corrective, then I'll once again be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it but I'll be hiding my stop loss above our upper ascending trend line for extra protection. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/CAD: • If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
1
NZD/CAD, NZD/CHF and AUD/CAD on watch for me today.Morning all. I have three pairs on watch today. The first one I'll almost certainly not be trading now which is NZD/CAD, because I just placed a market order on AUD/CAD and I never have more than 1% of my capital exposed to any one currency at any one time if my bias is the same on that currency where both currency pairs are concerned. But it's possible that NZD/CHF might give me an entry by the end of the say, because it's doing exactly what I thought it might do at the moment. So I'm currently short on AUD/CAD, so I'm now just watching this for monitoring purposes, but the other two are what I'll be watching for trading purposes for the rest of the day. Have a fab day folks! NZD/CAD: • If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/CHF: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it. • If price only pushes up to and ideally just above our upper rayline and the last part of the move is corrective, then I'll once again be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it but I'll be hiding my stop loss above our upper ascending trend line for extra protection. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/CAD: • If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
1
AUD/CAD on watch for me today.Hi guys and girls. Just one pair on watch for me today. We have a nice doji suggesting a possible reversal to the downside along with some fairly solid structure. If my requirements are met then I'll be looking to get short on this pair today, however as I type we're starting to get some momentum kick in to the upside. If this continues and price pushes up to the top of structure then I will simply take this pair off of watch and "simply wait until another setup which meets my plan materialises" as I state in my forecast requirements. Have a great day! AUD/CAD: • If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
1
NZD/CAD and AUD/CAD on watch for me today.Morning all. So I made what I think was one of my best videos ever this morning in terms of the value which I believe it would have provided you with, but alas once again I couldn't connect to a stable enough internet connection for it to upload without the uploading failing repeatedly. I was made aware of someone else on the street that I'm staying yesterday that simply couldn't connect to the internet at all. So it would appear as I said yesterday that the airwaves in some parts of the country are now so saturated that stable internet connections are practically non-existent. But I guess it is what it is, so I've posted my forecasts in image format for your viewing. Have a great day! NZD/CAD: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If price only pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll once again be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll again be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/CAD: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If price only pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll once again be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll again be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
2
NZD/CAD and AUD/CAD on watch for me today.Morning all. So I made what I think was one of my best videos ever this morning in terms of the value which I believe it would have provided you with, but alas once again I couldn't connect to a stable enough internet connection for it to upload without the uploading failing repeatedly. I was made aware of someone else on the street that I'm staying yesterday that simply couldn't connect to the internet at all. So it would appear as I said yesterday that the airwaves in some parts of the country are now so saturated that stable internet connections are practically non-existent. But I guess it is what it is, so I've posted my forecasts in image format for your viewing. Have a great day! NZD/CAD: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If price only pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll once again be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll again be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/CAD: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If price only pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll once again be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll again be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
NZD/JPY and WTICO/USD on watch for me today.NZD/JPY: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If price only pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll once again be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll again be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. WTICO/USD: • If price corrects and a tight one hour flag forms, then I'll be looking to get short with a risk entry within the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
OANDA:WTICOUSDShort
by StewySongs
2
CAD/JPY and SOYBN/USD on watch for me today.CAD/JPY: • If price pushes down to and ideally just below the lower descending trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it. • If price only pushes down to and ideally just below our upper rayline and the last part of the move is corrective, then I'll again be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it, but I'll be hiding my stop loss below the lower descending trend line of our most recent piece of structure for extra protection. • If price pushes down to and ideally just below our rayline and it does so impulsively, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. SOYBN/USD: • If price pushes up above our upper rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
1
CAD/JPY on watch for me today.CAD/JPY: • If price pushes down to and ideally just below the lower descending trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it. • If price only pushes down to and ideally just below our upper rayline and the last part of the move is corrective, then I'll again be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it, but I'll be hiding my stop loss below the lower descending trend line of our most recent piece of structure for extra protection. • If price pushes down to and ideally just below our rayline and it does so impulsively, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
2
GBP/NZD, WTICO/USD and EUR/JPY on watch for me today.GBP/NZD: • If price pushes up above our rayline, it does so impulsively and in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. WTICO/USD: • If price pushes down to and ideally just below our upper rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it. • If price only pushes down to and ideally just below the lower ascending trend line or our most recent piece of structure and the last part of the move is corrective, then I'll again be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it, but I'll be hiding my stop loss below our upper rayline for extra protection. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/JPY: • If price pushes down to and ideally just below our upper rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
1
NZD/USD, EUR/USD and NZD/JPY on watch for me today.Good morning one and all. I hope you're well. So I have the same three pairs on watch once again this morning. I thought that what I've been looking for from the three pairs which I'd had on watch these past few days might take some time to occur after the big moves we saw across the board earlier in the week, but since there's been no other pairs that have interested me from a structural perspective since these then I thought that I'd put them on watch anyway and the reason for this is simple... Just because we think that something is going to happen it doesn't mean that it will and just because we don't think that something will happen it doesn't mean that it won't, or that it's not ready to and once we adopt this mindset then we as traders are free to implement everything that we've learned about the market without prejudice and once we can do this we're also free to see what is likely and unlikely to happen without our egos distorting what we've learned about the market and causing us to only focus on what we would LIKE to happen. Tonight I'll be selecting my Top and my Wildcard list pairs for next week as always, tomorrow morning I'll be creating my Monday Forecast, on Monday I will bring you that forecast by way of a video and of course if I place any trades between now and Monday I will include details of the trade/s in Monday's video and from Monday onwards I'll be bringing you nothing but videos once again, because on Sunday I'll be travelling back to Scotland. So from Monday onwards I'll be back in my office and at my little recording setup. Have a great day and a great weekend and I'll speak to you on Monday! NZD/USD: • If price pushes up above our lower rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD: • If price pushes up above our rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/JPY: • If price pushes up above our upper rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
1
NZD/USD, EUR/USD and NZD/JPY on watch for me today.Good morning one and all. I hope you're well. So I have the same three pairs on watch once again this morning. I thought that what I've been looking for from the three pairs which I'd had on watch these past few days might take some time to occur after the big moves we saw across the board earlier in the week, but since there's been no other pairs that have interested me from a structural perspective since these then I thought that I'd put them on watch anyway and the reason for this is simple... Just because we think that something is going to happen it doesn't mean that it will and just because we don't think that something will happen it doesn't mean that it won't, or that it's not ready to and once we adopt this mindset then we as traders are free to implement everything that we've learned about the market without prejudice and once we can do this we're also free to see what is likely and unlikely to happen without our egos distorting what we've learned about the market and causing us to only focus on what we would LIKE to happen. Tonight I'll be selecting my Top and my Wildcard list pairs for next week as always, tomorrow morning I'll be creating my Monday Forecast, on Monday I will bring you that forecast by way of a video and of course if I place any trades between now and Monday I will include details of the trade/s in Monday's video and from Monday onwards I'll be bringing you nothing but videos once again, because on Sunday I'll be travelling back to Scotland. So from Monday onwards I'll be back in my office and at my little recording setup. Have a great day and a great weekend and I'll speak to you on Monday! NZD/USD: • If price pushes up above our lower rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD: • If price pushes up above our rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/JPY: • If price pushes up above our upper rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
1
NZD/USD, EUR/USD and NZD/JPY on watch for me today.Good morning one and all. I hope you're well. So I have the same three pairs on watch once again this morning. I thought that what I've been looking for from the three pairs which I'd had on watch these past few days might take some time to occur after the big moves we saw across the board earlier in the week, but since there's been no other pairs that have interested me from a structural perspective since these then I thought that I'd put them on watch anyway and the reason for this is simple... Just because we think that something is going to happen it doesn't mean that it will and just because we don't think that something will happen it doesn't mean that it won't, or that it's not ready to and once we adopt this mindset then we as traders are free to implement everything that we've learned about the market without prejudice and once we can do this we're also free to see what is likely and unlikely to happen without our egos distorting what we've learned about the market and causing us to only focus on what we would LIKE to happen. Tonight I'll be selecting my Top and my Wildcard list pairs for next week as always, tomorrow morning I'll be creating my Monday Forecast, on Monday I will bring you that forecast by way of a video and of course if I place any trades between now and Monday I will include details of the trade/s in Monday's video and from Monday onwards I'll be bringing you nothing but videos once again, because on Sunday I'll be travelling back to Scotland. So from Monday onwards I'll be back in my office and at my little recording setup. Have a great day and a great weekend and I'll speak to you on Monday! NZD/USD: • If price pushes up above our lower rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD: • If price pushes up above our rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/JPY: • If price pushes up above our upper rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
NZD/USD, EUR/USD and NZD/JPY on watch for me today.Good morning guys and girls, So price looks like it's starting to form some structure after the big moves that we saw earlier in the week which is what I was anticipating and now what I was looking for yesterday morning looks even more appealing to me today and with regards to the pairs which I have on watch today I can see what might be a lot of support and resistance traders getting themselves caught the wrong side of the market which is what they typically do in the majority of cases, something which is typically followed by a big run-off in the other direction as they realise that what they thought was a retest turns out not to be and they bail out of their positions in unison. A prime example of this which comes to mind which I witnessed and was anticipating recently came via EUR/CHF, so I'll be looking for the same thing to occur today. My forecast I've pasted below. Have a great day and I'll speak to you tomorrow! NZD/USD: • If price pushes up above our lower rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD: • If price pushes up above our rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/JPY: • If price pushes up above our upper rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
NZD/USD, EUR/USD and NZD/JPY on watch for me today.Good morning guys and girls, So price looks like it's starting to form some structure after the big moves that we saw earlier in the week which is what I was anticipating and now what I was looking for yesterday morning looks even more appealing to me today and with regards to the pairs which I have on watch today I can see what might be a lot of support and resistance traders getting themselves caught the wrong side of the market which is what they typically do in the majority of cases, something which is typically followed by a big run-off in the other direction as they realise that what they thought was a retest turns out not to be and they bail out of their positions in unison. A prime example of this which comes to mind which I witnessed and was anticipating recently came via EUR/CHF, so I'll be looking for the same thing to occur today. My forecast I've pasted below. Have a great day and I'll speak to you tomorrow! NZD/USD: • If price pushes up above our lower rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD: • If price pushes up above our rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/JPY: • If price pushes up above our upper rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
NZD/USD, EUR/USD and NZD/JPY on watch for me today.Good morning guys and girls, So price looks like it's starting to form some structure after the big moves that we saw earlier in the week which is what I was anticipating and now what I was looking for yesterday morning looks even more appealing to me today and with regards to the pairs which I have on watch today I can see what might be a lot of support and resistance traders getting themselves caught the wrong side of the market which is what they typically do in the majority of cases, something which is typically followed by a big run-off in the other direction as they realise that what they thought was a retest turns out not to be and they bail out of their positions in unison. A prime example of this which comes to mind which I witnessed and was anticipating recently came via EUR/CHF, so I'll be looking for the same thing to occur today. My forecast I've pasted below. Have a great day and I'll speak to you tomorrow! NZD/USD: • If price pushes up above our lower rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD: • If price pushes up above our rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/JPY: • If price pushes up above our upper rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
NZD/USD, NZD/JPY and EUR/USD on watch for me today.Good morning one and all. After some big moves this week a lot of the pairs that I trade need a little bit of time to develop new structure in my opinion and experience. That said there are still three which I really like the look of this morning and more importantly that make sense to me. However after studying my Trading Journal more thoroughly this week than I ever have before and after doing more backtesting than I ever have before I've discovered some priceless and very simple little tweaks that I could make to improve my trading results, so I'll be looking to trade the pairs which I have on watch this morning with a tiny bit more caution than I previously would have given that they could easily form new structure before commiting to the upside after the bearish momentum we've seen from them this week. My forecast as always I've pasted below. Have a great day and I'll speak to you again tomorrow! NZD/USD: • If price pushes down to and ideally just below our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/JPY: • If price pushes down to and ideally just below our lower rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD: • If price pushes down to and ideally just below our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
1
NZD/USD, NZD/JPY and EUR/USD on watch for me today.Good morning one and all. After some big moves this week a lot of the pairs that I trade need a little bit of time to develop new structure in my opinion and experience. That said there are still three which I really like the look of this morning and more importantly that make sense to me. However after studying my Trading Journal more thoroughly this week than I ever have before and after doing more backtesting than I ever have before I've discovered some priceless and very simple little tweaks that I could make to improve my trading results, so I'll be looking to trade the pairs which I have on watch this morning with a tiny bit more caution than I previously would have given that they could easily form new structure before commiting to the upside after the bearish momentum we've seen from them this week. My forecast as always I've pasted below. Have a great day and I'll speak to you again tomorrow! NZD/USD: • If price pushes down to and ideally just below our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/JPY: • If price pushes down to and ideally just below our lower rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD: • If price pushes down to and ideally just below our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
NZD/USD, NZD/JPY and EUR/USD on watch for me today.Good morning one and all. After some big moves this week a lot of the pairs that I trade need a little bit of time to develop new structure in my opinion and experience. That said there are still three which I really like the look of this morning and more importantly that make sense to me. However after studying my Trading Journal more thoroughly this week than I ever have before and after doing more backtesting than I ever have before I've discovered some priceless and very simple little tweaks that I could make to improve my trading results, so I'll be looking to trade the pairs which I have on watch this morning with a tiny bit more caution than I previously would have given that they could easily form new structure before commiting to the upside after the bearish momentum we've seen from them this week. My forecast as always I've pasted below. Have a great day and I'll speak to you again tomorrow! NZD/USD: • If price pushes down to and ideally just below our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/JPY: • If price pushes down to and ideally just below our lower rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD: • If price pushes down to and ideally just below our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
EUR/GBP and EUR/NZD on watch for me today.Good morning guys and girls. I hope you're doing well. So my NZD/JPY trade which I liquidated on Sunday night would now (had I not liquidated it) be running at just over +8.00% profit with +7.81% locked in which would have been my most profitable live trade of all time in both percentage and monetary terms. Am I frustrated by this? Not at all. In fact I actually feel motivated because I previously never even used to miss these moves because I didn't know how to forecast them in the first place and one of the reasons I feel motivated is because I was backtesting yesterday and based on something which I discovered on my charts plus one other tweak which I've made to aid my psychology I know that had I been in this trade today I most definitely would not have liquidated my position. Furthermore this is the second +7.00% move that I've missed in one week, so it's only a matter of time before these bites turn into catches! I'm not in any trades at the moment but my forecast for today I've listed below. I only have two pairs on watch today because we've seen some big moves this week and after big moves I typically prefer to let the market show its hand rather than trying to catch a bunch of falling knives. I've just added EUR/GBP to my Tuesday Forecast but this might not be ready by the end of the day, but since I only have one other pair on watch I thought I'd add it into the mix as a bit of a hedge. Have a great day! EUR/GBP: • If price corrects and a tight one hour flag forms then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below our rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
EUR/GBP and EUR/NZD on watch for me today.Good morning guys and girls. I hope you're doing well. So my NZD/JPY trade which I liquidated on Sunday night would now (had I not liquidated it) be running at just over +8.00% profit with +7.81% locked in which would have been my most profitable live trade of all time in both percentage and monetary terms. Am I frustrated by this? Not at all. In fact I actually feel motivated because I previously never even used to miss these moves because I didn't know how to forecast them in the first place and one of the reasons I feel motivated is because I was backtesting yesterday and based on something which I discovered on my charts plus one other tweak which I've made to aid my psychology I know that had I been in this trade today I most definitely would not have liquidated my position. Furthermore this is the second +7.00% move that I've missed in one week, so it's only a matter of time before these bites turn into catches! I'm not in any trades at the moment but my forecast for today I've listed below. I only have two pairs on watch today because we've seen some big moves this week and after big moves I typically prefer to let the market show its hand rather than trying to catch a bunch of falling knives. I've just added EUR/GBP to my Tuesday Forecast but this might not be ready by the end of the day, but since I only have one other pair on watch I thought I'd add it into the mix as a bit of a hedge. Have a great day! EUR/GBP: • If price corrects and a tight one hour flag forms then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below our rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs