OK, GET OUT OF POUND... IF YOU DO NOT HAVE A SOUND PLAN WITH A TRADING PARTNER, IT'S TIME TO CUT YOUR POUND POSITIONS UNTIL AFTER THURSDAY. THIS GAVE US A NICE LITTLE PULLBACK. LEAVE THIS. NO NEW POSITIONS AFTER 8 AM TOMORROW.
OK I am looking for squeezes on gold and encouraging ALL to buy physical gold. Tomorrow the feds will not raise rates. And at the press conference tomorrow, whether Yellen is hawkish or dovish gold wins. If Yellen is dovish, that is an inflationary signal. If she is hawkish, gold wins too because GLD will continue to be a safe haven. BUY IT... CALL KITCO or...
This has been strong to the downside. Based on the fib levels I am waiting for the uturn. I will wait for the break of the trendline into the buy zone and then will take this north to 20730.. It should square up a little tomorrow if the selling momentum can hold off. Just thought I would share my lines. Will let you know when I am on. Thanks!
Looking at the daily sideways channel and on the one hour watching this trendline. If we break this I will wait for the pullback and will once again begin to buy this market back to the future high price of 162. This line is worthy of a look because if we break this we will head to 174 area. same trade that we took earlier last month only I believe this could go...
Exercise caution on this because this could be changing channels. I like the morningstar and the position from the back side of the trendline. This is not a 3:1 but has limited upside into the other DTL. since it has broken this one, I like the odds. If you want a safer entry you can draw another CTL along the top of the current candles. Just thought I would...
Have entered presets long at 204. Stop below 203.. running back to 212. Thanks!
Looking to buy between ..9325 - 9425 enter on a CT line break bullish Target is .9825 Stop is .9310
The Pound Basket is in the process of retracing. I have CTLs drawn across my pairs and am waiting for the Uturns to take place. This is the level for Pound Canada that I have drawn. The trade will extend to 1.9733 and the uturn could take place above this level. However, I am looking as deep as 1.8744 and have set an order beginning at that level. Thanks!
I have had a couple of great days on this pair. We have a pullback into the support of the broken trendline and we are moving from 79 again. Happy Trading.
Here are the targets on the pound basket for those of you who are trading these with me. We are at pullbacks. Lock in Profit. Pound New Zelaand watch the double top, make sure you are locked it will pullback and then we take it to 219 Pound Jpy, looks fine and if you are on from below 157 you have plenty of room to run. Pound Aussie may race up ant hit 205, but...
I have added a position on USDCAD (average of 12930). Looking for 13339. This morningstar likely will go. Thanks!
For anyone who was trading this with me earlier, I am still looking to buy up to 13339. Obviously usdcad is in consolidation and there's a whole host of events going on with oil's potential push up into the $50 per barrel mark, which will strengthen the CAD. Since we got such a great entry on this from 125.18, I pulled a little profit off the first lots at the...
For those of you who are trading this with me, set CTL break areas at these red lines to add into your position. You need a close of the one hour candle and then room to test. Here are the past supports to become future resistance, but get the confirmation before you add in. Thanks!!
As Per previous posts, I am beginning with some scalps on pound yen long. Thanks!
This market is currently in sideways consolidation on the lower timeframes. If this breaks up above 156 I will get long to the first target at 158.24. If this breaks above 156, take the pullback from the top of the consolidation zone and start to run it. Your risk will be 65 pips with the stop ten pips below the u-turn on the one hour chart with a CTL break....
If you look at your monthly chart, this pair is forming a right shoulder retracement up to the 1.9733 level. A review of the daily timeframe shows that the market broke the downtrend line at 1.8300. This was the buy. I've put in a lot of effort in Trading View expressing this buy. I feel this is a major reversal, only a part of which will be driven by oil. This...