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[AUDNZD Long] 1 Feb, 2021 - Roger V Trading IdeasAUDNZD Entry Support level idea: 1.00500 Support   TP Resistance level idea: Target 1: 1.029000 Target 2: 1.060000 Final SL for all Long positions: 0.997000 Support Level (This was first shared on 1 Feb 2021 in another group, just got time to have it post on trading view as well, hope you all enjoy.) -------------------- (Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.) -------------------- Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Long
by aluotradingjournal
[NZDUSD Short] 29 Jan, 2021 - Roger V Trading IdeasNZDUSD Entry Resistance level idea: 0.723000 Resistance   TP Support level idea: Target 1: 0.713000 Target 2: 0.704000   Final SL for all Short positions: 0.734000 Support Level -------------------- (Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.) -------------------- Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Short
by aluotradingjournal
[NZDUSD Short] 29 Jan, 2021 - Roger V Trading IdeasNZDUSD Entry Resistance level idea: 0.723000 Resistance   TP Support level idea: Target 1: 0.713000 Target 2: 0.704000   Final SL for all Short positions: 0.734000 Support Level -------------------- (Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.) -------------------- Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Short
by aluotradingjournal
[AUDUSD Short] 27 Jan, 2021 - Roger V Trading IdeasAUDUSD Trading idea comment: The previous AUDUSD trading idea provided on the 12th of November 2020 was expired after the breakout of the final SL resistance level of 0.736000. The direction changed from bearish to bullish after the breakout. Market during the first half of January in 2021 was very quiet and did not fluctuate much for most pairs. However, I was looking around at the market on the 10th of Jan 2021 and saw some price action signal with the US Dollar index forming an earlier stage of reversal to a bullish direction. In relation to this matter, AUDUSD is one of the major pairs that correlate with US Dollar Index. If US dollar goes strong in its value, inversely AUDUSD goes in a bearish direction. Vice versa with US Dollar index going weak against with AUDUSD. It took me 17 days from 10th January 2021 to 27th January 2021, to make a decision that AUDUSD can be one of the selected pairs in the list to go for its trading opportunity. AUDUSD has been in a consolidation of its high and low between 0.769000 to 0.782000 (Still currently on-going with the consolidation.) What is the reason to finally decided to trade AUDUSD? It was a tough decision this morning to decide AUDUSD to confirm to have it be a part of the selected trading pairs. Main factors I see that made my decision for AUDUSD: 1. Price Action a. Upper shadow high for each candle is lowering each week, and no new highs is breaking up the highest one. AUDUSD Weekly Chart a. Descending Triangle pattern channeling i. It is quite similar to the price action. However, the difference between descending triangle is that, it looks at the breakout of the triangle. If it breaks upwards, it means that the trend will go in a bullish. Vice versa, if breaks downwards then it will go in a bearish trend. AUDUSD Daily Chart 3. US Dollar Index volatility strength a. An in depth/ update about the US Dollar index is written in the follow articles i. 12 Jan 2021 - US Dollar Index (Read more) ii. 21 Jan 2021 - US Dollar Index (Read more) Extra Notes: Taking note that AUDUSD previous effective high happened in July 2017 going pass 0.78XXXX. (Please refer to the image below to see the chart.) The high gone over 0.78XXX in 2021 is considered the only effective high comparing with the past 3 years. When new highs are created, to be more conservative it is best to wait for more signals on the higher time frame until it gets more stable and then start after that to have a higher possible winning accuracy for the pair. Right now, this trading idea is announced. Roger V will put this pair in list to try for its trading opportunity for AUDUSD. Worst Case Scenario: Two options: 1. Can wait or ask Roger V on Roger V Diamond Club, to see if the trend is actually true breakout or false break. a. If true breakout - try to find a lower loss to stop loss. b. If false breakout - hold it, and carefully look at the weakening signal from M15 to H4. (Same method as looking at the weakening signal candlestick combination taught in group.) 2. Can stop loss straight away at the final SL, if the loss amount has gone over your expectation. (This is to be known before you make any orders.) Best Case Scenario: Trend does not breakout final SL of 0.867000 support level. Once reach target 1 0.895000 and gets resisted and goes in a retracement. Re-entries for long position will be available among the new re-entry trading idea. -------------------- (Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.) -------------------- Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Short
by aluotradingjournal
[AUDUSD Short] 27 Jan, 2021 - Roger V Trading IdeasAUDUSD Trading idea comment: The previous AUDUSD trading idea provided on the 12th of November 2020 was expired after the breakout of the final SL resistance level of 0.736000. The direction changed from bearish to bullish after the breakout. Market during the first half of January in 2021 was very quiet and did not fluctuate much for most pairs. However, I was looking around at the market on the 10th of Jan 2021 and saw some price action signal with the US Dollar index forming an earlier stage of reversal to a bullish direction. In relation to this matter, AUDUSD is one of the major pairs that correlate with US Dollar Index. If US dollar goes strong in its value, inversely AUDUSD goes in a bearish direction. Vice versa with US Dollar index going weak against with AUDUSD. It took me 17 days from 10th January 2021 to 27th January 2021, to make a decision that AUDUSD can be one of the selected pairs in the list to go for its trading opportunity. AUDUSD has been in a consolidation of its high and low between 0.769000 to 0.782000 (Still currently on-going with the consolidation.) What is the reason to finally decided to trade AUDUSD? It was a tough decision this morning to decide AUDUSD to confirm to have it be a part of the selected trading pairs. Main factors I see that made my decision for AUDUSD: 1. Price Action a. Upper shadow high for each candle is lowering each week, and no new highs is breaking up the highest one. AUDUSD Weekly Chart a. Descending Triangle pattern channeling i. It is quite similar to the price action. However, the difference between descending triangle is that, it looks at the breakout of the triangle. If it breaks upwards, it means that the trend will go in a bullish. Vice versa, if breaks downwards then it will go in a bearish trend. AUDUSD Daily Chart 3. US Dollar Index volatility strength a. An in depth/ update about the US Dollar index is written in the follow articles i. 12 Jan 2021 - US Dollar Index (Read more) ii. 21 Jan 2021 - US Dollar Index (Read more) Extra Notes: Taking note that AUDUSD previous effective high happened in July 2017 going pass 0.78XXXX. (Please refer to the image below to see the chart.) The high gone over 0.78XXX in 2021 is considered the only effective high comparing with the past 3 years. When new highs are created, to be more conservative it is best to wait for more signals on the higher time frame until it gets more stable and then start after that to have a higher possible winning accuracy for the pair. Right now, this trading idea is announced. Roger V will put this pair in list to try for its trading opportunity for AUDUSD. Worst Case Scenario: Two options: 1. Can wait or ask Roger V on Roger V Diamond Club, to see if the trend is actually true breakout or false break. a. If true breakout - try to find a lower loss to stop loss. b. If false breakout - hold it, and carefully look at the weakening signal from M15 to H4. (Same method as looking at the weakening signal candlestick combination taught in group.) 2. Can stop loss straight away at the final SL, if the loss amount has gone over your expectation. (This is to be known before you make any orders.) Best Case Scenario: Trend does not breakout final SL of 0.867000 support level. Once reach target 1 0.895000 and gets resisted and goes in a retracement. Re-entries for long position will be available among the new re-entry trading idea. -------------------- (Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.) -------------------- Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Short
by aluotradingjournal
[US Dollar Index] 12 Jan, 2021 - Roger V Trading IdeasUS Dollar index What happened to US Dollar index? Since ever US dollar index has broke the support level of the triangle in November 2020. The US dollar index has gone in a bearish trend. Until today on the 12th of January 2021, I was able to return to review the US dollar index chart, and realised there is some potential signal appearing on the MT4 monthly chart, with a bullish candlestick. Knowing that one monthly candlestick represents four weekly candlesticks. As per image shown below. As per Roger V Trading Strategy, new lows or new highs. It is more preferred to wait for extra more candlesticks to be formed in a consolidation before it is considered as a pair to execute the trade. Before the first bullish candlestick is formed in the weekly chart, the strategy taken by Roger V's, is more preferred to idle until the third or fourth candlestick to be formed. I would wait further if there is no in favoured signal appear at the time. Friendly Note: The candlestick formed in a greater timeframe, is more legit and it increases the potential of the direction will proceed. What is happening in the weekly and monthly chart of US dollar index: As seen on the monthly chart, an on-going bullish candlestick is currently forming for January 2021, it may take another 19 natural days to form its candlestick. At the same time, looking into weekly chart, there is four candlestick formed already for December 2020. If the candlestick on the weekly chart can form a bullish candlestick. There is a potential possibility this may be a long term trend turning point for US dollar index to turn its direction from weak to strong with the US dollar. (As per technical and strategy view.) Worst Case Scenario: However, not to ignore the worst case scenario if it happens. If the price goes down to 88.900 (Danger zone) and then if even worse, surpasses the last support level of 87.900. The potential idea of US Dollar in going strong will all cease its idea. Best Case Scenario: All major pairs will be in the direction of US dollar going strong (70~80% correlated most times) Major pairs such as, AUDUSD, USDJPY, USDCAD, USDCHF, NZDUSD, GBPUSD,EURUSD. Gold would also be considered to be a strong correlated relationship with US dollar, as the abbreviation is XAU USD. (For further questions or anything unclear, feel free to leave a message in the posts comment at the bottom of the page or on Roger V Diamond VIP group.) Conclusion: Due to the above reasons, the possibility for US dollar if not breakout the last support level of 87.900. There will be a potential of US dollar going strong in the next few weeks time, or even upward trend in months time. (Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.) -------------------- How to get closer with market updates? Where to find Roger V? FB/ Google: Search Roger V Trading Academy -------------------- Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
INDEX:DXYLong
by aluotradingjournal
1
[GBPAUD] 8 Jan, 2021 - Roger V Trading IdeasGBPAUD Entry Support level idea: 1.743000 Support   TP Resistance level idea: Target 1: 1.77000 Ideal Target 2: 1.868500 (This will update over time if any change.)   Final SL for all Long positions: 1.739000 Support Level GBPAUD Trading idea comment: Over a long period of time for GBPAUD, it has been going in a bearish trend since April 2020. Finally, it is showing signals in the daily chart of two bullish candlesticks like the GBPJPY (Can be found in the image below) that was written on the 8th of Jan 2021 Roger V Trading Ideas (Press here to read the idea of GBPJPY) The weekly and monthly time frame actually does not meet Roger V strategy requirement. However, if daily chart is able to further consolidate in the current status long enough to affect the later weekly chart, and then so on to monthly. The potential success rate in trading long position and entering near the entry level on GBPAUD will be more in favoured. Worst Case Scenario: Two options: 1. Can wait or ask Roger V on Roger V Diamond Club, to see if the trend is actually true breakout or false break. a. If true breakout - try to find a lower loss to stop loss. b. If false breakout - hold it, and carefully look at the weakening signal from M15 to H4. (Same method as looking at the weakening signal candlestick combination taught in group.) 2. Can stop loss straight away at the final SL, if the loss amount has gone over your expectation. (This is to be known before you make any orders.) Best Case Scenario: Trend does not breakout final SL of 1.739000 support level. After a successful consolidation here at 1.743000, rebounded back and break Target 1 of 1.77000, and does not show any potential rebound for a retracement back down again, and goes straight or near to 1.86850. Last statement with GBPAUD idea: Don’t forget that Roger V Trading Strategy, works on the longest time frame and descends to the lowest time frame. It is also alright for those that are wanting to trade a roughly of 10 ~ 60 pips to follow all ideas by Roger V Trading. Just make sure the direction trades are only made in one direction of the trading idea. Unless it breaks the final SL, then all long position for GBPAUD must cease and consider the trading idea was incorrect, and default reverse the direction of the original trading idea direction in idea point of view. (Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.) -------------------- How to get closer with market updates? Where to find Roger V? FB/ Google: Search Roger V Trading Academy -------------------- Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Long
by aluotradingjournal
[GBPNZD] 10 Dec, 2020 - Roger V Trading IdeasGBPNZD Entry Support Recommendation: 1.89250 TP Exit Resistance Recommendation: Resistance level Target 1: 1.92000 Resistance level Target 2: 1.95100 Final SL for all Long positions: 1.88000 ------- (Note: The forecast above is an estimation of the resistance/ support level for the Entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.) Roger V WeChat: lokiho512 Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Long
by aluotradingjournal
[XAUUSD] May 13, 2020 - ALuoTradingJournal***XAUUSD *** Resistance Level Entry: 1717 (Depend on the Candlestick signal) SL (final point for changing in direction) : 1750 (Depend on the Candlestick signal) TP Resistance level (Ideal TP): in between 1626 ~ 1650 Comment: Since after the big drop of 30% with oil, gold spread has not been normal for most platforms. It will not be a considering instrument to currently trade. However, it is still good to keep an eye on the trend, to see how it will go in longrun. (Note: The forecast above is an estimation of the resistance and support level for the Entry, TP, and SL. For more precise positions, will depend on the shape formed with the candlestick at the time.) Roger V WeChat: lokiho512 Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
FOREXCOM:XAUUSDShort
by aluotradingjournal
[BTCUSD] May 13, 2020 - ALuoTradingJournal***BTCUSD *** Resistance Level Entry: 9955 (Depend on the Candlestick signal) SL (final point for changing in direction) : 11010 (Depend on the Candlestick signal) TP Resistance level (Ideal TP): 7305 Comment: Bitcoin is currently going on its triangle channelling, there is a possible opportunity to short Bitcoin if it once again reach 9955 resistance level. This will depend if the strength of the price momentum at that time continues to go up or not. We can discuss further when it actually gets there in our WeChat Group. (Note: The forecast above is an estimation of the resistance and support level for the Entry, TP, and SL. For more precise positions, will depend on the shape formed with the candlestick at the time.) Roger V WeChat: lokiho512 Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
FOREXCOM:BTCUSDShort
by aluotradingjournal