Range trading: Forex as for 28/03/2019Under that heading we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability.
EURUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1199
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.1167
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.1136
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1302
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1333
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1365
GBPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.3084
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.3015
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.2945
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.3266
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.3335
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.3405
USDJPY
Long position 1
(The price today will not fall below this mark with a probability of 68%) 109.93
Long position 2
(The price today will not fall below this mark with a probability of 95%) 109.68
Long position 3
(The price today will not fall below this mark with a probability of 99%) 109.42
Short position 1
(The price today will not rise above this mark with a probability of 68%) 110.71
Short position 2
(The price today will not rise above this mark with a probability of 95%) 110.96
Short position 3
(The price today will not rise above this mark with a probability of 99%) 111.22
Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. Recall, that mentioned probabilities are not 100% and do not guarantee risk-free trading.
Forex-usdjpy
USD/JPY: Week11 Kick OffHi Guys,
as you know I am obsessed with inverted (negative) correlations between GOLD vs USD/JPY. Week11 may be the start of one of these moments when their moves are negatively correlated.
However this is not the topic of this idea. The topic of this post is the same as my previous post on Gold. "Common bottoms". And USD/JPY made a "common bottom" in week10 whilst Gold formed one in week9. A week earlier.
For the time being I just wanted to share this info. Let's see how week11 kicks off before making any decisions.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
USD/JPY: week10 updateHi Guys,
this is an update of the post USD/JPY week10 linked in the related ideas below.
View is unchanged: the pair remains squeezed between the two SMAs.
In view of US dollar bearishness and Gold bullishness I would be inclined to be bearish on this pair but I have not made up my mind yet.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
USD/JPY: above 110.000Hi Guys,
the pair crossed the SMA which technically provides a bearish bias.
However please look at what happen on Jan 27 when it crossed the SMA. That week it didn't fall immediately on Monday. It found support before diving on Wednesday.
Now timing is different. It's Wednseday and DXY has been weakening since the beginning of the week.
Strategy: wait and see
On Thursday US GDP data Q4 will be released which may strenghten USD if above expectations.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
USD/JPY Bullish Contrarian Trading BiasI'am expecting the continuation of the bullish trend so i am waiting on opportunity to enter the market. I'am using pure price action in combination with custom made trading tool so execution of the trade is highly accurate.
Never Chase the Trade
Contrarian view:
Retail trader data shows 49.9% of traders are net-long with the ratio of traders short to long at 1.0 to 1. The number of traders net-long is 2.8% lower than yesterday and 2.8% higher from last week, while the number of traders net-short is 4.3% higher than yesterday and 4.0% higher from last week.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USDJPY prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.
USD/JPY Strong Bullish Momentum from FridayLike we saw on Friday, USD appreciate against JPY and made a nice move up. I won't go long at this price but will wait on correction and then go with the trend. Its possible that price will test the previous daily high then a lot of retail traders will come in and then there will be reversal. I will monitor this trade and when my setup becomes valid i will publish the new post.
Retail trader data shows 52.4% of traders are net-long with the ratio of traders long to short at 1.1 to 1. The number of traders net-long is 1.9% higher than yesterday and 0.4% higher from last week, while the number of traders net-short is 5.4% lower than yesterday and 0.3% higher from last week.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USDJPY prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.