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Jaredjohnson

quick 80-100 pips coming up!This is a favorite trade of mine, it's done on a short term chart (15 minute) and the beauty of it is we use some trend line to confirm entry, if we don't get the break we don't take the trade. This one is coming up on overbought so watch for a short term trend line break and a move back down towards 108.00. Stops are flexible, I usually add to this trade if it goes against me. So it if does I keep selling with new confirmation until all positions are in profit, trade management is super important here. I'll keep you updated on the details.
Short
by JaredJJohnson
500-700 pips, SIGN ME UP!We have a GREAT pattern on a daily chart, this has been long awaited! We have some GBP volatility coming with the Dec 7th vote in the UK pertaining to Brexit, but we have nearly a month to tackle this trade. ENTRY: two things, first get a daily close a above the descending trend line. Also I'd like to see 1.6550 break, then I'll buy pull backs with short term trend lines on hourly and 15 minute charts. TARGET: monthly pivot at 1.7200 at least, I will create symmetry measurements as the move progresses. STOP LOSS: I will stay in this trade as long as it stays above the descending trend line, otherwise we have to use a 400-500 pip stop loss, that is TOO big for me!
Long
by JaredJJohnson
Long term pattern is confirming, hundreds of pips lay ahead!Of course I don't want to be in anything before the US elections, the JPY pairs will probably move a fair bit US election results. But this is a clean wonderful set up! Here's how I'm planning on trading this. 80.00 was my buy level, it got a bit choppy right there so I stayed out, I want to enter as close to 80.00 as possible after the election. I'll stay in the trade as long as it stays above the trend line of that falling channel I'm targeting at least the 38% fib level around 84.00, probably it will move much higher in the long term but that's a great short term target for me. Questions? Leave a comment below and i'll respond.
Long
by JaredJJohnson
Is it time to buy GBP? Check this outI know no one wants to touch GBP pairs with a 10 foot pole but I think we might finally be in good territory for jumping into some GBP strength. Here's what I think we could start with... 1. The flash crash high has held very nicely on this pair, it looks like a short term top for now 2. There's a long term trend line that gets re-tested over and over again that should provide a clean break out area. 3. There are several missed pivots below that act as great targets for attracting price. So I will wait for a 4 hour candle to close below this trend line, once that happens i'll be looking to get short (sell) as near to the trend line as possible with stops above the recent highs and targeting the lower missed pivot points.
Short
by JaredJJohnson
Buying dips- looking for 300-500 pipsUSDCHF has done NOTHING for a long time and now it looks like it's almost ready for something kind of big. We have a great longer term pattern setting up there and we're looking for opportunities to buy dips when/if this pair retests the break out area. Here are a few scenarios: 1. buy dips around .9800-30, stops down around 9600, target 1.0300 (max target). 2. buy breaks of .9900 with the option of adding to the position as low as .9800, still targeting 1.0300 highs
Long
by JaredJJohnson
Stop NOT Trading This Pair!If you haven't been trading NZDCAD, you've missed out on some great pips/trades/profits/rides to the bank whilst laughing/etc! This pair can be abusive, as long as you go into it knowing that everything is mucho easier! OK here's what I'm doing AGAIN on this pair, I've been shorting it from 9650, in and out several times. This recent retracement has pulled back, almost to the pip, 61.8%. I'm ready for one of two things: 1. sell the break of .9465 2. sell the secondary channel if it forms below the current ascending trend line. STOPS are above .9575, a break above there will likely move an add'l 85+ pips into the next major resistance, no thanks. TARGET .9300
Short
by JaredJJohnson
Sell the @#$% out of this break out level!I've been discussing selling EURUSD for some time now, it keeps pulling back small and selling off bigger. There's assortment of pivots that make it look like a trend is starting to pick up momentum. Draghi's comments today had some pretty serious mixed reactions for euro pairs, the overall takeaway was, we're probably going to sell the curly hair out of the EURUSD! 1.0910 was Brexit low for this pair, now we're right back to retest that area, a break below here looks great! Here's what I'm going to be doing: sell break of 1.0910 targeting 1.0700 and 1.0650 stops- moves back above 1.0950 will make me look for small losses and reassessing the set up.
Short
by JaredJJohnson
5
This could swing either way- 50-100 pips should be easyUSDJPY is definitely a pair I want to be long and buy every opportunity. However the mixed movement with USD pairs makes this a possible sell trade for the short term while we wait to buy dips. All jpy pairs look like better buys than sells but I would consider shorting this down to the weekly pivot for 100 pips. If you're not feeling aggressive, wait for dips and buy any pull backs looking for longer upper targets at 107.50.
by JaredJJohnson
Selling pull backs, quick 100 pips comingNZDCAD has been Christmas time, it just keeps giving up pips and pips. If you're not in yet or you've been in and out, here's another chance to grab a quick 100 pips. It's pretty easy, we have a bear flag, we want to sell the break and target big support at 9300. If this pair can pull back towards the missed daily pivot we can get some nice entries short hopefully up around 9400 area. See the chart for details, make some pips and have a happy Thursday/Friday!
Short
by JaredJJohnson
3 things to watch side by side, 500-1000 pips is the goal here!USDCHF (chart posted yesterday), DXY and EURUSD are all lining up very well and confirming one another. Here is the big "what if" and of course it's related to another central bank being central banky! Yellen speaks wednesday, expect plenty of USD volatility... PLENTY! IF these USD pairs can hold trend lines and support then we should be ready for some big moves. USDCHF and closing above the daily trend line is important. 9835 will be easy for the daily candle to clear, 9885 (previous high) could be a little bit of a challenging level, FOMC will tell us more. DXY 97.50 is important, watch the daily candle for a close above and then the FOMC, that's an important level, plus we're closing outside of the wedge and looking very bullish. EURUSD 1.1125/00 was easily taken out, next stop looks to be 1.0900 so if that goes we should have an easy run of 150 pips and then another 200 pips into 1.0700. In summary, all three of these need to be watched side by side and if FOMC minutes don't mess everything up we should see steady movement across the three pairs into some nice profit.
by JaredJJohnson
500 pip trades are setting up everywhere, especially here!AUDUSD, EURJPY, USDJPY, AUDNZD, NZDCAD and many other currency pairs are all setting up for 500 pip plays and we want to be ready for the action! DXY needs to confirm with a clean break out on the daily chart (it's nearly there) and we need to get past FOMC minutes on Wednesday but barring anything super crazy happening there, we should see a clean move on USDCHF. If GBP panic movement was a sign of things to come, I want to be long USD against most pairs as the moment but we need just a little more confirmation.
Long
by JaredJJohnson
This big move happened but is something bigger coming?Some can trade gold, some can't and some just don't care. Here's the deal folks, like it or not gold can be telling of larger things to come. It's true gold is a wild mover and it's also a great indicator of larger movements across the currency market, particularly with the USD. The US dollar has been unadulterated garbage for weeks now and all of the sudden golds smashes through some pretty important levels, be on high alert with USD pairs. This break out could reverse in the next few hours at which point, we don't care about gold anymore. But if this break out holds and we start to see moves lower in the other missed pivot points, don't be surprised to start seeing the USD and other pairs start to move more than a little. For now, this is more of a heads up than a trade set up. Watch gold, watch this recent move and if everything holds this pattern and continues, let's all be ready to rock some other currency trades. For all those that made money on this recent break out in gold, I salute you!
FX:XAUUSD
by JaredJJohnson
3
Massive H&S pattern, get short then longThe weekly chart is pretty interesting looking here for a few reasons: 1) we had a large channel break and have run up steadily into 4 year old resistance (8800 area) 2) if resistance holds, I want do short below 8800 for 100-200 pips, maybe more but at least that. Then look for an entry long around the .8000 level 3) if this all plays out we could see 600-1000 pips of movement long term. This pattern is huge and could take a long time to play out. The short term opportunity is to short trend line breaks as long as price stays below 8800, looking for 8650 and below as potential targets.
Short
by JaredJJohnson
Head and shoulders in the works, quick 60-80 pips!Worse case scenario hopefully this is just a channel break and there's a trade to be had at the break of the channel. However I would love to see one more small leg of confirmation and see if this can turn into a head and shoulders pattern. I want to see 60-80 pips of profit, I'll short at the break of the trend line/quasi-neckline. .8525 is a great short term target/area to move stops into profit. Speaking of stops, initial entry should have stops above the recent highs.
Short
by JaredJJohnson
CRIKEY! We have a long AND/OR short setting up here!AUDUSD was kind enough to give me 50 pips a few days ago, I don't trade this pair too often but I'm getting more interested in this because of a multi-year channel we have to work with. If this pair break up or down we have a long way to go to to the bottom of this 4 year old channel. If it break up we have nothing but smooth sailing to the upside. I've marked the symmetry levels for the nearest term targets if we see break outs, there could be a lot more to come beyond that but at least that looks good to start the party.
by JaredJJohnson
Wedge and head and shoulders, this might be ready to ROCK!GBPCHF, along with so many other GBP pairs, looks like it might be ready for something big. The head and shoulders pattern on the 4 hour chart has a price projection of 700-800 pip ((laughing all the way to the bank)) and we have a falling wedge (the blue trend lines). There is a lot of bullish patterns in the works here, I'm ready for GBPCHF to starting moving up. An entry at the break of the falling wedge could start the party, then adding to it at the break of the neckline would be great as well. I'll update you all as this trade develops and I take an entry.
Long
by JaredJJohnson
2
Everything you need to know about USD directionYou may have noticed USD not showing much direction, it's because of this little guy here, the US dollar index. Until this breaks out of the nice little wedge that's been holding it prisoner for months and months, we're likely to see USD pairs struggle. So we need to watch other currencies that have big strength or weakness. This doesn't mean USD pairs won't move, it just means the USD component will not be doing much of the push either direction. I love audusd, nzdusd, usdcad and others, but not for the USD side of it. So this is more of a reference chart, there's no trade here for me it's just what I'm watching so I'll be ready for the big USD movement when the wedge finally breaks.
TVC:DXY
by JaredJJohnson