We need a spike to the bollinger bands with what hopefully will be a rocket followed by a subsequent 50% pullback, retest of previous high. We are trending down on the higher time frame and with this many rejections on the lower time frame it just makes sense to go with the flow (get it)! If you don’t know why Humpty Dumpty fell off the wall then......... get...
Got in a little too early. Down about 20 pips but will be adding more at this level. That’s why our first entry is always to test, if price action holds here I’ll be looking for price to bounce.
Taking a quick scalp here, entry is at .8887 and looking for 30-40 pips from here. Will be looking for shorts once it’s there for a swing trade. Let’s see how it plays out. Stops 10 pips below. Don’t risk more than you need to.
Looking to have GU fill the gap here. Overall I’m bearish but we need to get a spike up with a little divergence to continue to the downside. More than likely we will get to mid bollinger banda and find the set up from there. Stops are already at BE. Let’s see what we can pull during the Asian session. Cheers to a prosperous week.
We’ve got ourselves a set up on the 15 minute and 30 minute time frames. Divergence on the RSI with a candle stick pattern exhaustion at the high end of the bollinger bands. Looking for a pull back for about 20-30 pips. Trade is already triggered. 4hr bulls are looking strong but daily and weekly are weak. Let’s see what we can get out of her. Keep it simple ya’ll
Keep it simple ya’ll. Follow the money. Moved stops to break even a while ago. Now we’ve taken half off the table and are letting the rest run. Soft target of .964-ish. Overall pretty happy with the risk reward. I am overall bullish for this pair but seeing it’s the end of the year we have to protect our capital. Cash out and let’s see what 2020 brings up. Happy...
Due to the holidays and low liquidity around the world we are strictly taking scalps on the smaller time frames and shooting for small targets. Price broke 1.30 handle and is currently at the high of the Bollinger bands with RSI showing us Indication of divergence. Since we are near weekly high our stops are right above it, low risk trade with pretty good...
My grandpa taught me to buckle up and let the ride be what the ride may be. Sometimes we can all leave on a journey together and end up at the same destination but with different outcomes. We are now 50% into our profit target. .92 has been the level of interest for many weeks and there really isn't much more to say then the man holding the tail and a leg of...
Price has been bottoming out for a few weeks now and we have an inverse head and shoulder at play on the daily w/ lower time frames quietly awakening to Impulsive engulfing candles. I can go on about the technicals but reference previous posts and you’ll see the original play is still in tact. Only difference is we are now in a lower high and higher low...
Boy oh boy, it took this trade quite some time to build up steam but this space ship has left the pad and those that hung on through the turbulent accumulation phase have turned a profit with me. I'm not here to sell you a fantasy or a dream. There was drawdown, and it was expected for such huge move. We saw the fake breakout and knew banks would be getting in a...
Weekly divergence, daily downward channel break out, retest at old resistance turned new support. Divergence at new low plus confluence of trend line support. Need I say more?
Where are all the long/bullish teenage teenie boppers at now? I think they probably had their accounts blown because they over leveraged and are hiding in their parents basement. Called this since v1.0 on usdcad, sure, it was a little early, but along the way if you used multiple entries with multiple exits on a trade that hadn’t been invalidated then you...
Keep it simple ya’ll. Let’s get a test of the bottom channel and see how price action reacts at that level. Weekly is ripe for a huge move to the downside and so we will patiently wait for a catalyst I.e news, bullish crude and or weak dollar amidst uncertainty. Follow me and find your freedom.
Happy Monday fellow traders. If you’ve been following my posts (see below), you would kno is that we have been shorting the dollar for 2 weeks now using our multiple entry and multiple exit strategy (me/me), averaging our prices anticipated dollar weakness as the technicals have supported and fundamentals have pushed. For us swing traders, technicals give us...
I am still bearish. There is still plenty of space between supply (1.333) and demand (1.322) . Follow the money, don't let the frankfurt fake-out shake you out of the trade. Testing 1.3220-00 psychological level. If there are bullish price action patterns we scale back and trail our stops- watch for accumulation with spikes, especially where the banks...
Happy Friday my fellow puppeteers. How did everyone end the trading week? If you've been following me then you would have been in the money by the end of today, moved stops to break even and are happily sitting idly by waiting for the following week to take us into 2--6 R return. As suspected, the false breakouts with bullish engulfing candles was nothing more...
I think the banks are raising on a bluff. DXY is sitting at a 50% fib level from the most recent high to low swing, which is the only reason I could see the UCAD up another leg before turning, but do not be mistaken. That what looks too good to be true, probably is... Monthly resistance at 1.3275 coupled with .786 retracement on the Daily . Last weeks...
The market giveth and the market can take it She is only fair if you are reasonable and disciplined. Have you been eating your popcorn like I suggested a few posts back? Weekly & Daily dynamic TL’s have been tested and broken. The nay sayers will come out of the wood works and tell you “but kind sir, it pulled back and closed above it so it failed.” Indeed my...