Trading_Vista

Trading_Vista

The FOMC news and press conference today left the charts in a bit of a mess. We do have NZD and AUD news soon, so I don't even want to look at those currencies. One chart that makes sense to me is GBPJPY. The daily chart is bullish, current week is strongly bullish and H4 is making higher lows & highs. If I see a pullback to about 186.50, I am happy to go long....

Trading_Vista Updated 

About a month ago, this pair broke below the 1.3610 level and since then has been unable to overcome it despite 7 attempts. The 200 dma has resisted bullish efforts and my bearish bias is also supported by Ichimoku Kinko Hyo. I will be on the lookout for bearish evidence on lower time frames such as H4 and H1, see how such price action relates to the 20 sma...

Trading_Vista Updated 

My 1st attempt had failed, perhaps partly due to incorrect identification of support/resistance. Entry - approx. 2.1200 (deliberately late to be under the 20sma on H4 time frame) Stop - above the recent high at 2.1330 1st target - 2.0900 Possible potential to take this down to 2.0600 region (The outcome of this trade really depends heavily on the 2.1250 area...

Trading_Vista Updated 

Do you also see what I am seeing? 1. Rejection of price in the 1.120 region. 2. A down trend that retraced about 50% but may now be resuming. 3. A series of lower highs 4. Solid support at 1.1230 now becoming resistance. 5. Price below 20 ema on the daily as well as H4 time frames. I don't know what you guys think, but I don't need any more reasons to go short....

Trading_Vista Updated 

The monthly, weekly and daily charts all say the same thing – “Sell” Pull backs are always nice, they add value in terms of pips, give us a better R/R and pull backs to a significant S/R zone are even better. In this chart I am looking for a pullback towards 2.1140 , that will also bring price closer to the 20 EMA. A good target can be the next significant level...

Trading_Vista Updated 

Weekly chart – a rejection of price below 0.9010 and then 2 strongly bullish weeks. Daily chart – bullish trend, pullback completed last week, now moving up again. Note the size of the last daily candle as compared to the bearish candles. H4 chart – this is my entry time frame. It would be nice to see a small pullback, perhaps to the minor support at 0.91590 or...

Trading_Vista Updated 

A ‘hammer candle’ is one of my favorites and we can see a nice one in the weekly chart of oil. It also appears at a major support (73.00) and at a rising trend line. If you are not a fan of the hammer candle like I am, just look left on my chart and see what happened in the past when this candle appeared. But “when” to trade is always a question, directional...

Trading_Vista Updated 

Gold made an impulsive move on Fri, breaking above its previous ATH and the round number 2500 as well. I guess almost the entire technical trader community may be looking to go long and for that reason alone, caution is advisable. Initially, I will go with a 50% position size, perhaps adding more later. Hopefully it will retrace to one of the following - round...

Trading_Vista Updated 

Let us start with the USDX (Dollar index). Check out both the H4 and Daily chart. Strongly bearish is what I conclude. This opens up several pairs that can provide good trades next week. Let us look at a bullish scenario for GBPUSD. On the daily, we can see that until 3 days ago, this pair was bearish but is showing bullish signs now. The H4 chart, shows that a...

Trading_Vista Updated 

If you expect that every trade will be a winner, please move on. Don’t even bother to read this analysis. Moving on .. Gold has been a great performer this year, it was very recent that it made an ATH of 2483.68. It then pulled back (profit taking ??) but very quickly the bulls are back and attacking that level again. Gold looks strong especially since the Fed...

Trading_Vista Updated 

First of all, if you expect that every trade will be a winner, please move on. Don’t even bother to read this analysis. This pair has been mostly bearish since mid-June with a pullback during the last few days. In my opinion this pullback will soon end and if I see evidence of that I’ll be taking a short trade. Note that the 38.2% retracement level and the 200...

Trading_Vista Updated 

First of all, if you expect that every trade will be a winner, please move on. Don’t even bother to read this analysis. On the daily time frame, Ichimoku Kinko Hyo screams … bearish!! Here is why: Future cloud – bearish Price broke out of the cloud to the down side - bearish Tenkan Sen cross below Kijun Sen – bearish Tenkan sen pointing to the down side -...

Trading_Vista Updated 

First of all, if you expect that every trade will be a winner, please move on. Don’t even bother to read this analysis. We have a bearish move that began at the end of May that retraced about 62%. This was followed by another leg down that is currently retracing. I am bearish on this pair and hopefully, we will see a decent move up that gives us a better price...

Trading_Vista Updated 

Hesitation at a significant s/r level always makes for a low risk trade. I am looking to ride this up to 1.1660, could be much higher if it builds up strong momentum. I know today is Friday but this pair has a positive swap for a long trade. I have taken a long, but closer to NY close time, I will decide if to stay with it. This is not a trade recommendation, it...

Trading_Vista Updated 

Many of us never realized that the current bull run in this pair began more than 4 years ago. Is anything going to change soon? I don’t think so, not until the recent low at 167.520 is convincingly taken out. At this time, my bias is therefore bullish and I am only looking for the conclusion of the current pullback. Once that is established, I will be looking...

Trading_Vista Updated 

Once again, this pair is moving sideways between 1.9320 and 1.8910. Two touches on either side defines a valid range that can be traded and I will set a pending short trade near the top with target near the bottom of the range. I just want to capture about 75% of the down move if it happens. This is not a trade recommendation, it is just my analysis. You...

Trading_Vista Updated 

The up trend that commenced in March has stalled a bit and price is retracing. Support could come at the 95.50 area and the 50% retracement of the recent bullish move is also nearby. At this point I have no interest in shorting this pair. IMO the bulls will regain control of this market and I want to trade long when there is evidence of that happening. This is...

Trading_Vista

Preceding trend - bullish Recent trend - ranging Current move - break out of range Question - Will it pull back, retest the top of range and provide a decent entry to go long?? This is not a trade recommendation, it is just my analysis. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use...