USOIL - 4H - SHORT - TDIA short trade as my TP is quite small. I will monitor the trade during this drop, if drop there is!
TDI
GBPAUD - D - SHORT - TDIPA has broken both PAC on daily and 4H. We are under RSI50 on 4H and close too on daily.
We're a bit late on this one, but could still take some hundreds pips... or get rekt.
Let's see.
GBPJPY - D - SHORT - TDIA much riskier trade as we already had a correction on this pair (that we took profit). But if I trust my strategy we could see more downside in the following days.
EURAUD - D - SHORT - TDICould be a very short term trade. The point is to see on daily if PA is able to break PAC and MA on TDI.
4H is looking half good/half bad but respect my rules.
So tomorrow we'll know more.
USDHUF - D - LONG - TDIThanks to @chartwatchers I discovered this pair and found out that it was a pretty interesting setup for my strategy.
IMO, Arpi is one of the best trader around here and even he teached me lots of knowledge through his ideas.
So, this pair is breaking up to the upside on 4H. So we should have a nice follow up on 4H, then when daily meet the upper band we will get a pullback and the real trade will start after that.
A very long trade, but could be a very good one, with low SL.
CADJPY - 4H - LONG- TDIBullish correction for this pair. 4H show some room left for bulls and usual daily setup indicates that green TDI will continue to grow until upper band of the PAC.
RR is correct and 4H is close to my standard trade in terms of rules.
USOIL - D - LONGThis is an experimental trade, still to understand better how to place SL and TP.
On daily I'm already late on this bullish cycle as we printed 4 strong candles and it's likely to have a correction. The question is : "will we breakthrough 50 RSI easily?" PAC seems to be broken.
4H shows that TDI consolidation could still mean for a rally in PA.
USDCAD - D - SHORT - TDIAnother one that seems to respect the rules. Revival of my first idea that proves to be good :)
EURGBP - 4H - SHORTSame as EURUSD, but maybe even riskier because SL is more important.
I suffer some losses to EUR pair early this week, and I want to make clear that I'm not aiming at revenge trade or guessing top.
TDI on 4H is breaking down and I think PA should touch bottom PAC line at least in the following hours. I will close half position there and let it run.
If it goes against, as Daily TF is clearly showing us, I would be already out.
EURJPY - D - SHORTI messed up the charts but the idea is there.
On daily (on the right), I anticipate a break of PAC and at least a pullback from a TDI perspective to RSI50 & MA.
On 4H, the PAC break has already happened but it is only now that we get below RSI 50 & MA.
So my point is that we shall see further breakdown on this pair.
EURUSD - 4H - SHORTI know it's insane to try to short EURUSD right now but... I try to improve my analysis at low risk/high reward trade. So we are risking 30 pips for catching the pullback on EURUSD.
RSI is over 90 and BB are over 100! It happens but still...
So either we get the bullish move of the year and our 30 pips SL is crushed or we get 100+ more pips on a healthy move down. I would target 1.10 as a global TP.
It's only true for 4H, on other (longer) TF, EUR is a buy, but not at this level.
EURJPY - 4H - SHORTCould be worth it... 50 pips risk.
But this is a very risky trade. Euro is mega-bullish on weekly and daily.
AUDUSD - 4H - LONGI'm aiming for a bigger rally for AUDUSD. All trade are risky but in this one, I should have entered on the previous candle (4H) instead of this one. I already missed some pips and have to widen my SL. However as it is for gathering more data for my strategy I still have open this one. I wouldn't recommend it!
Charts a pretty self explanatory on both timeframe and I expect TDI on daily timeframe to break PAC soon. But this is a 4H trade so targetting less pips but quicker!
XAUUSD - 4H - LONGAs with NGAS and commodities in general, I'm pretty biased with GOLD. My strong belief is that GOLD should way higher considering the state of economical in developped country. However our system manages to keep it down and injecting more and more "false" money. As long as we believe in this monkey money, everything will be under control and GOLD could mess around 1000/1500$.
Whatever, that's not the point today. On daily we have a break of TDI under RSI 40, but GOLD is known for powerful short reversal, so it's never a bad idea to enter a trade on a break. But NEVER enter a daily trade on a non-close candle bar!
This trade is only 4H trade, not daily!
I would love to see a rally to 1250 and it's pretty consistent with my other XAGUSD idea.
GBPJPY - 4H - SHORTSame as USDJPY, it seems to go down on 4H, right at RSI50 but touching lower band of PAC.
On daily the correction seems to flatten a bit so I have to be cautious not to keep this trade for too long.
USDJPY - 4H - SHORTTDI looking good on 4H, under RSI50 but still inside PAC.
Daily could indicate a reversal but it's clearly not a given!
I'm trying shorter trade that I keep on revisiting every 4H.
CADJPY - 4H - SHORTAfter closing previous trade @BE because of this reversal. I intend to catch a few pips on this SHORT trade.
Let's see how it goes in the next 4/8 hours.
CADJPY - 4H- LONGI try something new for refining my strategy.
It's a short term trade, meaning if in a few candles (3-7) it's not behaving as planned, I will close it quicjly.
My goal is for CADJPY to touch again the recent high on 4H TF. TDI is moving nicely and have still some room to continue higher.
Daily TF is against my idea that's why I'm keeping this trade very short term, as I suppose CADJPY will fall down more in the following days.
But as nothing is sure in the market, I'm opening this one.
NGAS - D - LONGI'm quite biased on NGAS by a bullish point of view.
So when I see some breakup on daily timeframe I jump on the train!
Normally, seeing at the 4H chart, trader should wait for pullback before entering long. But from experience, NGAS does not like to wait so if bullish trend there is, it's usually very sharp.
From a technical pov, the daily chart is near perfect :
- TDI broken
- PAC broken
- RSI>50
- Weekly chart is bullish
GBPCAD - D - SHORTI missed this entry earlier this week because of small SL, but here we have another shot at this pair based on my strategy.
On daily, apart from TDI breaking, we don't meet others requirements : RSI is very high and PAC is not broken.
But on 4H timeframe, these requirements are met. So I'm aiming for some fib retracement for the following days.
EURAUD - 4H - SHORTThis trade can be treated as a risky combo trade.
I will follow closely the 4H TDI because, there is a big risk that EURAUD continue to go higher. That's why the SL on 4H is quite small. The daily chart is here for follow-up purpose in case this pair go down.
However, if there is bearish continuation it should be quick and my opinion is that it's worth the risk.
Please don't follow this idea blindly.
EURGBP - D - SHORTEURGBP broke the PAC and TDI so we could expect more bearish movement in daily TF. 4H is already very low so I entered this trade with a large SL in order to prevent early stop.
This trade triggers nearly all my rules :
- RSI<50
- Breaking PAC
- Breaking TDI
- Below MA
GBPCHF - 4H - SHORTThis is an interesting setup.
On 4H TF, we have a strong break of TDI and PAC with RSI being still over 50.
On daily we are still in a strong bullish movement but with some divergence, that should indicate at least a pullback if not a reversal.
As usual I target a fib retracement and will update depending on TDI movement.
