I came off my gold positions which were started around 1250 and looking for more up. I will let you know when we rejoin but October will give it to us... Cannot wait to reenter!
Who knows on these yens? I see NZD as weak, with the other crosses coming down. If you do not trust yen right now, hedge it with another pair such as EJ. Right now, this is running nicely and I have some profit pulled. Leaving the second position. Thanks!
Look for higher highs and lower lows.. on lower time frames like the 2 hour this can rally to the outer trendline. Will let you know when I am on. Look for bullish movement with a short term target of 132.89 and longer term target of 145.88
The 114.12 area is a significant area of resistance on a higher timeframe chart. Whereas we have been in a huge sideways range and the monthly has an up AB, I still think that there is a chance of this breaking lower. Frankly the higher timeframe strength is at 11920 and the lower fib boundary for me on the short is at 10520. A break of 111 will be greater...
I am runing one EJ short from 11412. I entered this about an hour ago. This was at a critical point of resistance and whereas it does have a greater up AB boundary, I don't really have faith fundamentally that the BOJ is any good at weakening their currency and believe that the markets will continue to use the yen as a safe haven as we move into the fall and the...
I am not off the Brexit short for Pound Australia and am waiting for the bull formation and trendline break coming off this right tip of the King's Crown formation. The daily D extension is at 1.7846. I will be in the right tip buy when I get the bull formation. Will update then.
On the daily chart I have an .86 pullback. The market is creating a sub up AB swing at a previous low. This is low enough for me. I see the Daily D extension at 1.8402, so whereas I have had excellent selling on this pair this year, I will look to buy the pullback. Recommendations for this entry are to form a bullish candlestick pattern and enter on the one hour...
Waiting for bullish candlestick formation for USDCAD. It looks as if oil dipped back lower on some critical levels. I am going to let this dip, form the bullish candlestick formation and got back up above the pink line and take off to 1.33
I have some individuals trading this with me from the 152 mark. Take one off and be prepped for a pullback. Otherwise we are staying and may add more to this next week. The New Zealand dollar is cooperating. Use caution when nzdusd hits 6880. We may see a turn there. Thanks!
This has retraced from it's Pst Brexit response short trade. I am using it as a hedge to a pound yen short... This is part of a new zealand basket but stop is above the A and we are going to .6770. HAVE FUN!!
Here are my records for this pair. I have just added. Your stop loss will be 1/3 of your target. REMEMBER THAT THE MARKET MOVES IN WAVES AND THAT THE POUND RETRACEMENTS ARE MUCH BETTER TRADING THAN THE BREXIT SHUFFLE SELLS. WERE. Since we are trading a retracement, I have half my normal lot sizes and when we get the turn on the basket, I will be full sizes on the...
Selling above .8430. I am not on this yet but I am looking for a bearish candlestick formation. When I enter, stop will be 10 pips above the uturn.
I see possibilities in both directions for really good set ups tomorrow on ENZD. Looks like a wedge break on the four hour and higher charts.. Tomorrow I am trading higher above 163 and lower below 161. If this gives us further breaks I think we are headed down a long way before we head back on up. Cheers!!
We have a very significant break of the neckline. Pound Yen is feeling the sell momentum. Go to the daily 1.618 at 127.05... Oh and.. you need to be buying gold too.
Pound New Zealand broke the one hour trendline. First targets are 1.94... Continue if we get the bullish action all the way back to the Daily .382. These retracements will offer up to 1500 on each pair to the north and they are all turning at support levels here. Since this is a touch climb, my strategy involves taking a half size lot up to the target and then a...
tHIS IS LONG RETRACEMENT WEEK. i AM ALREADY IN POUND NEW ZEALAND. WE ARE BUYING TO RESISTANCES AND THEN SELLING FURTHER.
See previous explanations. This pair is finding a floor here in the 1250 area for the long to 2200. Frankly, I feel it is better to buy the physical than the leveraged asset. I have been trading gold stocks since June 1, and I've been in multiple contracts on gold futures since Friday with excellent easy stress-free trades. This is the lift off point for gold....
We re expecting a 900 pip move on tthe pound dollar by July 15 Expected move on pound nzd is 1877 pips, pound yen 1145 pips, pound swiss 600 etc... Brexit will cause over 8,000 pips of movement in the pound pairs over the next three weeks. We have expectations of a high level and extremely safe trade on the FXB. I have no interest in trading the earthquake and...