To use chat, please login.
Back to contacts

Trade Ideas

Feb 24, 2016 at 08:03
3,271 Views
118 Replies
Member Since Feb 15, 2016   165 posts
Feb 24, 2016 at 08:03
I hope to be sharing some trade ideas in this thread.Others can check them out and follow up with how it turns out.I start with USDCHF.I think that it through retracing with the recent rally up in the last 7-8 trading days.With the rebounce from the 200 SMA under the 4 H time frame (4HTF) and the breaking of the upward trendline and closing below it;we shall await the close of the second 4HTF candle for confirmation. Our final confirmation shall be at the close of the daily candle and a simultaneous crossing of the daily stochastic (8,33).We shall then look for good entry point under the 1 HTF every now then.This is a trend that should proceed to 0.92488 areal. This about 650 pips in possibly two weeks,God-willing.
to turn humble investments into huge fortune with minimal risk ...
Member Since Feb 15, 2016   165 posts
Feb 24, 2016 at 08:03
It is a short trade.
to turn humble investments into huge fortune with minimal risk ...
Member Since Feb 15, 2016   165 posts
Feb 24, 2016 at 13:28
I am watching 0.99675 level for a bounce and/or resistance to short with a 28 pips risk to gain over 700 pips profit over 2 weeks period,God-willing.
to turn humble investments into huge fortune with minimal risk ...
Member Since Feb 15, 2016   165 posts
Feb 24, 2016 at 15:56
Hello traders,
The price seems not going to the level 0.99675.As such should we have a strong 1 hr candle close below the level 0.98944 in less than 10 minutes time God-willing,one may consider shorting immediately,though aggressive traders could have short it earlier.
to turn humble investments into huge fortune with minimal risk ...
Member Since Feb 15, 2016   165 posts
Feb 24, 2016 at 15:56
It is also time to Buy GBPUSD with SL below the last llow and target at least 150 pips profit,God-willing.
to turn humble investments into huge fortune with minimal risk ...
Member Since Feb 15, 2016   165 posts
Feb 25, 2016 at 07:39
Hello traders,
Time to long GBPJPY,I guess.It has been a great ride down since last week with about 678 pips this week alone.With daily candle printing essentially a pin bar at a daily pivot support level S2-155.064 and a good close far above this S2 at 156.18,we are set for a long trade.Stochastic cross-over at S2 in 4HTF is also a good reason to long.Finally there was about 5 hours of consolidation over daily central pivot 156.061 with the ultimate strong breakout close above the central pivot at 156.128.It seems right to long then for at least 500 pips for the averagely aggressive traders.

The conservative traders may wait till a strong close above yesterday's (24.02.2016) daily candle or a retest of today's low and settling down of the market after the high impact GDP news at 9.30 GMT.I am looking at a partial take profit at 160.95 and with a good close above this level,a final exit at 164.20-almost 800 pips by next week,God-willing.

Happy trading.





to turn humble investments into huge fortune with minimal risk ...
Member Since Feb 15, 2016   165 posts
Feb 27, 2016 at 17:04
The USDCHF short trade remains valid as long as we do not have a strong candlestick close at 1 he time frame above 1.00022,God-willing.The positive USD news today was to give the best entry point to sell high in my view and a very low risk entry.
to turn humble investments into huge fortune with minimal risk ...
Member Since Feb 15, 2016   165 posts
Feb 27, 2016 at 17:06
Time to buy GBPNZD,friends.I would LONG every low below 2.0947-nay ever low candle as the target is over 1,500 pips away at 2.24327,God-willing.Take some profits along the way up.
to turn humble investments into huge fortune with minimal risk ...
Member Since Feb 15, 2016   165 posts
Feb 29, 2016 at 15:53
Hello Dear Traders,
For those that could not join the GBPJPY ride up last week,here is another opportunity with TP along the way to 160.92 level,God-willing.It is time to LONG this pair and GBPNZD.This is my idea and not a trading advice as usual.
to turn humble investments into huge fortune with minimal risk ...
Member Since Feb 15, 2016   165 posts
Mar 01, 2016 at 06:20
Good day traders,
EURCAD seems ready for a good drop.A doji has appeared in the 1 hour time frame and at a good resistance level of the daily central pivot level 1.47476 that has already acted as a resistance.With an initial SL of 60 pips,we can target 65 and 130 pips below at the daily S1 (1.46522) and S2(1.45826) and the final exit at 185 pips profit target at 1.45384. This is for the aggressive trader.

As for the more conservative trader,they can weight for potential better entry after the EUR high impact news at 8:55 GMT and the enter the trade after the market has settled down and target the final exit stated above.However,they might also want to place their SL higher up somewhere around 1.4850 due to another CAD GDP high impact news at 1.30 GMT today.

happy trading.
to turn humble investments into huge fortune with minimal risk ...
Member Since Feb 15, 2016   165 posts
Mar 01, 2016 at 07:09
Hello friends,
GBPAUD is on a strong pullback.Watch out for a good buy setup around 1.94000 area for entry to target 1.9954-all most 600 pips, God-willing.

To your trading success.


to turn humble investments into huge fortune with minimal risk ...
Member Since Feb 15, 2016   165 posts
Mar 01, 2016 at 09:10
Hello traders,
GBPCAD setting up for a long trade.If there is a close above 1.88914 we can but with TP at 1.8995,God-willing.Better still wait for low price entry and low risk entry at around 1.87808 probably during the CAD GDP high impact news at 1:30 GMT God-willing if it is technically a LONG SETUP.

Happy trading.
to turn humble investments into huge fortune with minimal risk ...
Member Since Mar 01, 2016   23 posts
Mar 01, 2016 at 09:27
I have open positions sell GBPCAD from 2.08xx now...
Member Since Feb 15, 2016   165 posts
Mar 01, 2016 at 09:43
Hello Anonymous Trader,
I see GBCAD has reversed since and only retraced for better low buying price.I am long GBPCAD already. To the rest of the traders,EURCAD is no longer dropping.It has reversed in my view and I am long EURCAD now for at least 380 pips,God-willing.
to turn humble investments into huge fortune with minimal risk ...
Member Since Feb 15, 2016   165 posts
Mar 02, 2016 at 08:15
Hello Traders,
The EURCAD was initially viewed bearish and then reviewed yesterday for a bullish bias.The reviewed turned out wrong as it fell strongly after the news hitting the initial final exit suggested at 1.45384 and lower.It seems reversing now and setting up for the bullish sentiment takeover.Let us watch it.After a pullback to and retest of 1.45699-1.4554 level may be a good low risk entry if the setup remains bullish for a good TP of 569 pips at 1.5133,God-willing.Taking profit along the way is essential though.

EURJPY and NZDJPY also seems ripe for good long trades.Check them out as they strongly positively correlate with GBPJPY.

Happy trading.
to turn humble investments into huge fortune with minimal risk ...
Member Since Feb 15, 2016   165 posts
Mar 02, 2016 at 17:12
Finally EURCAD has traded to 1.4554 level at the close of the last 1 hr candle.I believe it is ready for a long and finally TP is over 500 pips away at probably 1.51366,God-willing.

Happy trading.
to turn humble investments into huge fortune with minimal risk ...
Member Since Feb 15, 2016   165 posts
Mar 03, 2016 at 08:05
Good day fellow traders,
I see a good counter trend setup in the GBPJPY now.To short it now with less than 40 pips rsik for 140 and 230 pips two take profits down,God-willing.

EURCAD is finally ready in opinion for the buyers to come in and exit with good TPs at 1.51366,God-willing.
to turn humble investments into huge fortune with minimal risk ...
Member Since Feb 15, 2016   165 posts
Mar 04, 2016 at 15:35
GBPAUD is setting up a long scenario. Watch out!Buy signal is God-willing. emerging,
to turn humble investments into huge fortune with minimal risk ...
forex_trader_309212
Member Since Feb 29, 2016   10 posts
Mar 06, 2016 at 12:14
mmafxbook posted:
GBPAUD is setting up a long scenario. Watch out!Buy signal is God-willing. emerging,

You must be joking, a new low and you are thinking buy signals ?
forex_trader_309212
Member Since Feb 29, 2016   10 posts
Mar 06, 2016 at 12:16
e/cad is a short, g/j long for to the upper bollinger band line unless it closes below the 7 daily ema.], g/a short, e/j long to upper bollinger band unless it closes below 7 ema, n/j I would short, g/cad short.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.