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Jaredjohnson

Range break out- 200-300 pipsI posted a chart of a MASSIVE head and shoulders for this pair, that is almost been invalidated. Anyway it never confirmed so we didn't get an entry anyway. BUT... Now we have a great looking range, we see GBP weakness continuing to hold, I want to see a break of the range low for 200-300 pips. I will probably stay with selling the break of 1.2350, however I might scale in at the weekly pivot (1.2435). Target 1.2150 at least. Stops above the most recent swing high at the time of the range break (hopefully that will be the weekly pivot at 1.2435) I will keep you all updated.
by JaredJJohnson
600-700 pips profit, thank you very much!Nothing too special about this set up other than the 600-700 pips profit potential! The EURNZD is top of the list as most volatile pairs in the solar system so be ready for a wild ride if you decide to follow along with this. We have a massive falling wedge that's breaking out and it appears it's pretty confirmed. MY entry: BUY PULL BACKS. For example, it's now above the falling wedge, any pull backs to retest the trend line, I will buy those dips. Looking for 1.5700 at the target. Obviously scaling into this trade will be wise, money management can't be stressed enough here.
Long
by JaredJJohnson
4
HUGE Head and Shoulders - 370 pipsSo far loving this set up, it goes nicely with the GBPCHF long term chart posted yesterday. The head and shoulder patterns on both of these look great, if these can play out 300-500 pips on both will be fairly easy to grab. Conservative price projection puts a neckline break down to at least .7980 area, the neckline break out area is currently around .8350 so there's plenty of profit to go for here. I will be patient and wait for a neckline break, start small and scale into this, looking for confirmation along the way to add to the position, targeting at least .8000
Short
by JaredJJohnson
Head and shoulders- looking for 400-500 pipsThis is a great head and shoulders pattern, I am already long but I will be adding to this trade at some coming points. I'm long at 1.2450, I will add to this trade and position at/above 1.2650 area, looking for a 100 pip run before hitting the neckline. After that I'll manage the trade as follows. ENTRY: At the break of 1.2625-50 area I will add to my long position, looking for 100 pips into the neckline, I'll move stops into profit at about 1.2700 and let it ride into 1.3100. STOPS: if this break back below 1.2600 area I'll be suspicious, if it breaks the trend line outlined on the chart, I'll close that second position for a loss and my first position with profit. This is going to be an interesting run, I'll keep the charts updated as best I can as this trade plays out.
Long
by JaredJJohnson
1
Small head and shoulders- 100-150 pipsThis one isn't the most popular pair to trade. It gave a nice quick 35 pips last night on THIS TRADE CALL and I think we could see another good push down to the weekly pivot. We have a possible head and shoulders forming, first off was the rising wedge now it's time for the right shoulder to form. One way or another I want to trade this to the weekly pivot, a head and shoulders would be the easiest most obvious set up. Entry details: (ideally) enter short at 87.70 Stop above 88.20 Target 86.50
Short
by JaredJJohnson
Oh what a range, what a beautiful range!Sorry for the "Mad Max" reference, such a great movie! AUDUSD has one of the best ranges I've seen yet! it's just shy of 100 pips, if you're a range trader than feel free to take advantage on buying lows and selling highs of this 100 pip range, keep stops tight because when this breaks out it's going to be probably with some good momentum. Once the range breaks, I'm looking for at least 100 pips either direction. A break above 7700, I'm targeting at least 7800 A break below 7600, I'm targeting at least 7500 It's really that simple, trade the range until it break, then trade the h'word out of the break!
by JaredJJohnson
1
9950- make or break (big move coming up)9950 is such a big level for USDCHF, if this holds we could see a nice bounce. BUY SIDE: I highlighted what could be an inverted hammer (depending on how the daily candle closes) if we keep a bullish body to the candle, 9950 could be a major bounce level for a big move higher, with tight stops below 9950. SELL SIDE: if 9950 doesn't hold I think the break lower will be severe, 9650 looks like the next best place to target. Summary: If there's a convincing bounce off 9950 i'll buy in with tight stops below 9950. IF it goes flat and breaks, i'll sell the break of 9950 targeting 9650 while locking in profit along the way. There's big news this week that could cause lots of USD volatility so this will be tricky to trade, I'll update as things move forward.
by JaredJJohnson
Clean range, multiple opportunities hereThe EURUSD is probably my favorite pair to love and hate, but there are clear levels to work with so let's do it. 1) there's a 55 pip range which will offer opportunities to buy and sell highs and lows. Ideally I'd like to short the range high, take partial profit at the low and allow a portion to run towards the weekly pivot. Likewise I'd like to buy the low and take a partial profit at the range high, leaving a portion to run for the possible break higher. 2) should the range break, we need to be ready to buy or short the break up or down, I expect 40-50 pips out of the break out up or down. 3) There's no real option 3, just make money and work towards world peace or something
by JaredJJohnson
220 pips here- but it's going to be trickyThere's some great profit potential here, however it's going to be a very tricky set up to take. Let me explain. The gbpcad looks to be hunting out the upper missed monthly pivot at 1.6680. IF and only IF it hits that upper lever FIRST will I take the trade. If 1.6680 is hit in the next few hours, I'll sell/short at that level targeting 1.6460. It's that simple. However if this pairs dips down to 1.6500 area first (before hitting 1.6680) it's a no trade for me. I hope that makes sense. ONE BIG IMPORTANT DETAIL: There's potentially super volatile UK news coming Monday night/Tuesday morning early, that could mess up this whole thing. Keep the news in mind.
Short
by JaredJJohnson
5
The Rising Wedge Is BACK! (200 pip target)Last week I talked about this rising wedge, it flexed it's muscles and we have to expand the wedge a bit, but it's all still very much intact and I'm super anxious to get into this trade short. Specifically for EURUSD there's ECB news on Thursday and Trump on Friday, sooooo.... I'm looking for end of week to trade this pattern. Ideally I'd like to see: ENTRY: wedge break out, small retest and sell that STOP: above highs TARGET: 1.0350 area
Short
by JaredJJohnson
1
Talk about a long shot- 200 pips worth!OK so Trump, or whoever, caused the markets to go HOG wild this morning, which is cool! We had some nice pips on EURUSD and the first target was hit so that's fine. This might seem like a long shot, and maybe it is, but we could see the start of a larger pattern forming here. Here's what I'm looking for: The completion of a rising wedge, it's dependent on STAYING BELOW 1.0650! If that level breaks then I'm not going to completely reassess. ENTRY: Short rising wedge break out STOPS: above 1.0650 TARGET: 1.0350 and 1.0175 (and parity of course)
Short
by JaredJJohnson
One more push higher the it's SHORTY time!I might be alone here but I can't imagine going anything other shorting EURUSD, any squeezes higher should be nice entries to sell the rallies. There's a lot of fundamental reasons behind why I think the EURO is headed down in a major way, blog posts coming on that, for the mean time google it! ;) To be clear, I want to short any confirmation that it's headed lower. For now I'm looking for 1.0600-50 for areas to short. I'm going to get an aggressive trend line and sell any breaks, I don't expect a move much above 1.0700. ENTRY details: entries between 1.0600 and 1.0650 (looking for this area + trend line break lower for entry) STOPS: above highs which will be at/around 1.0700 area TARGET: 1.0350 AND Parity
Short
by JaredJJohnson
1
Sell Range Highs... If You Like Money!I'll keep this short and sweet, I can't see too many other scenarios to be long EURUSD much earlier than parity (even then I think I still want to be short). Anyway, Massive resistance sits around 1.0500 and we have a monthly pivot up at 1.0580, I will be looking for any reason imaginable to sell this pair at those levels, I'll probably start small at 1.0500 and add to it if we see 1.0580. ENTRY ideas: sell at 1.0500, 1,0580 with some trend line confirmation STOP loss: above 1.0675 TARGET: 1.0350-60 is great for near term targets 1.00 is my medium term target .90 is my long term target (yep, I'm serious!)
Short
by JaredJJohnson
1
Two areas to short, 200 pips of scoot is comingI like to keep these trade ideas simple, here are the areas of entry, where I want to take profit. If you want to know mow about how I came to this conclusion, leave a comment below. I'm looking for two areas to short GBPUSD: ENTRY: sell retracement at 1.2530-70 area OR sell break of low at 1.2365 STOPS: if the lower entry gets filled, my stops will be above 1.2500, if upper gets filled, stops above 1.2750 TARGET: 1.2200/1.2165 BOOM! Let's make some money!
Short
by JaredJJohnson
3
Let's buy this puppy... with confirmation!!USDCHF has failed many times around the 1.0200/1.0300 area and maybe now it's ready to go. So far the USD has been beat up to start the week but it could also just be a nice chance to buy some dips and get long again this pair. I'm looking at these entry details: BUY: as always looking for trend line breaks to confirm the buy, but liking 1.0130/40 area to start buying STOPS: longer term you should have them below parity, short term keep stops tight below 1.0100. TARGET: 1.0220 and 1.0330 AND 1.0500
Long
by JaredJJohnson
Channel is finally breaking out- look for 100 pipsI feel like a broken record, I talk about 100 pip trades all day long, the funny thing is 100 pips is hard for some people to make, if you're one of those people then bask in this set up! THE DETAILS: 1) this could pull back now or lower around the 1.0035 area, either way be ready to short that pull back at/around 1.0060-80 area 2) I'll have stops above 1.0150, I don't want to fight this trade if it can't stay below the break out zone 3) watch for support/bounce around 1.0035 but I'm ultimately waiting for 0.9950 area for profit target
Short
by JaredJJohnson
Coming off 13 year lows- quick bounce for 100'ish pipsI have not been very excited to be short USD lately, I've been riding the trend along with everyone else, here are some reasons I'm looking to trade USD weakness on EURUSD. 1. the 13 year lows around 1.0500 have held very well 2. Short term charts are showing higher lows 3. we're approaching a solid trend line So if there is an hourly open above the trend line, a retest of the trend line, I'm buying up towards 1.0740 and 1.0815 with stops below 1.0565. I won't fight this trend too much, I will be aggressive to lock in profit and move stops along with the trade.
Long
by JaredJJohnson
1
The time has come... 500-700 pips are lining up!GBPNZD has been on my radar for weeks and actually MONTHS! I've been waiting for this pair to start showing upward momentum and start pushing higher, it has given us a favorite chart pattern... a bull flag! ENTRY: I'm looking at 1.7700 area, there are fibs and flag support there, I would like to buy dips with short term trend line confirmation (1 hour trend line break to buy the dip etc) STOPS: below 1.7500 looks pretty safe at the moment, otherwise we have to go real deep on the stop area. Target: 1.8000 will be a great area, but ideally I'll hold on until 1.8300/8400 I'll keep you all updated! Happy pippin!
Long
by JaredJJohnson