marketdiverfx

marketdiverfx

RR vs. pip count? RR is more realistic because it's based on risk to reward rather than pips, which could be any amount of dollar value. But this week, I'll do a pip count, which roughly works out to 1.4 to 1.5R, less than last week. Update: audcad was a BE, not in the red, out of the trade.

marketdiverfx Updated 

With trend, outside bar heading to the downside, look for continuation at least 1:1 to BE.

marketdiverfx Updated 

If the audusd weekly pin was going to work out, it would start from right here.

marketdiverfx Updated 

I actually got in @.68548 because could sense the reversal coming. I doubt it will hit my 1:10RR, but the market is unpredictable and its happened before. All of this is coming off of weekly analysis.

marketdiverfx Updated 

Entering based on a double top retest and new structure low.

marketdiverfx Updated 

Bouncing off of several structure areas, first pullback after strong run.

marketdiverfx Updated 

Coming off of long-term reversal structure, a double broken and re-entered forming trap to the downside.

marketdiverfx Updated 

Coming off double top from larger area of structure, slowly making new structure lows. See if it goes.

marketdiverfx Updated 

Extremely tight stop, 1:5RR. First major break of trend line so looking for retest of that same trend line on other side. Going against the weekly pin. Little chance this trade will work. It's just one of those things that over time make money because the reward is so much greater than the risk.

marketdiverfx Updated 

Might be a good point to enter long for the daily pin bounce off of structure. 1:3RR

marketdiverfx

See this, even though I posted how eurjpy has a probability of going up next week I could also make a point through different analysis that it will head down next week, so it's clear that having a bias entering the market could be a problem. Expectation is OK, just like saying, "I think it's going to be a good day today," We won't know until the market tells us.

marketdiverfx Updated 

This is the trade of the week for me unless it instantly goes against me a the beginning of the week. Next, I'll show how the daily chart works to make this move up even stronger.

marketdiverfx Updated 

This daily setup goes along with the eurjpy weekly I just published. I don't expect it to work out at all, it's just pretty to look at.

marketdiverfx Updated 

Check out the chart to see this week's results, Mon - Thurs, taking Friday off. Have a nice weekend.

marketdiverfx Updated 

Lines up for a down push with larger structure on higher TF.

marketdiverfx Updated 

After the spike up to the peak reversal area, now I feel better about shorting it.

marketdiverfx Updated 

Little peak reversal to the downside coming off a larger double top with trap.

marketdiverfx Updated 

From a double bottom with inside bar push to the upside plus daily fib confluence, last trade of the day.