Trade Ideas
Mar 07, 2016 at 05:26
SevenSMA posted: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 ?
Hello 7.e.m.a. Thank you for your opinion.I like to combine multiple time frame analysis with fundamentals and a comparative analysis of associated pairs.All these with price action,candle patterns and western indicators suggest to me that GBAUD is at a turning point-a short term reversal for now.I have already bought it since Friday and with the over 70 pips gap-up over the weekend offer an opportunity for first profit taking and and re-entering of the buy trade at 1.91626 today.
In any case,let us see how it plays out,and God is the only source of help.This is my view and I certainly can be wrong as a human as always.
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Mar 07, 2016 at 06:03
mmafxbook posted:
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.
For those who have not entered the buy trade of GBPCAD I believe here is another low entry opportunity with SL at around 50 pips lower depending on your risk appetite or better still at the low beginning of this uptrend so that your SL may not be hunted and then price resumes upward,God-willing.
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Mar 10, 2016 at 13:01
I believe as written earlier that GBPNZD was technically set for the bulls to come in.With the negative fundamental news on NZD last night,it seems ready for a long with the TP at 2.1638 at least.Now that the high impact news for today is over,I opine that we watch for a good entry point to go long anywhere from 2.11144 with the TP at over 500 pips,God-willing.
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Mar 10, 2016 at 14:46
In any case,let us see how it plays out,and God is the only source of help.This is my view and I certainly can be wrong as a human as always.
GBPAUD dropped for over 100 pips again,after I opined that the bulls have taken over.Thus,I am wrong for thinking it was time for buying then.I do think it is time to buy now,though conservative traders may wait to see what happens with the daily candle today and then wait for the pullback of the current and/or a strong close above the daily candle at say 1 hour time frame.
GBPAUD dropped for over 100 pips again,after I opined that the bulls have taken over.Thus,I am wrong for thinking it was time for buying then.I do think it is time to buy now,though conservative traders may wait to see what happens with the daily candle today and then wait for the pullback of the current and/or a strong close above the daily candle at say 1 hour time frame.
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Mar 22, 2016 at 11:56
GBPJPY is ready for about 3000 pips drop,in my view.Wait for the current pullback to be over and sell to around 154.70 One may also elect to take some profits at 156.69,God-willing.After a strong close below the 154.70 level wait for a good sell set-up and ride it down till 130.317,God-willing.
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Mar 23, 2016 at 15:23
Friends,I hope you are enjoying making the pips with the CADJPY as it falls.You may want to adjust your take profits to 84.82 and the second TP at 83.92.
Happy shorting.
Happy shorting.
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Mar 30, 2016 at 04:04
THe SL was triggered,obviously due to the two high impact news of the consumer confidence and the speech of the Fed Chair Janet Yellen to the economic club hours after we had entered the trade.It was an oversight from my end that I did not accommodate that in setting the SL.
My opinion is to re-open the sell trade on this pair with the same TP.For those who arr not already in the trade,they might wait for lower time frame pullback at say 5 or 15 minutes time frame and then enter on pullback's completion.In the 15 minutes time frame there is a strong lower price rejection with the 200 SMA as its support.After the current pullback with right sell set-up and a good entry signal,one may place a sell order.
My opinion is to re-open the sell trade on this pair with the same TP.For those who arr not already in the trade,they might wait for lower time frame pullback at say 5 or 15 minutes time frame and then enter on pullback's completion.In the 15 minutes time frame there is a strong lower price rejection with the 200 SMA as its support.After the current pullback with right sell set-up and a good entry signal,one may place a sell order.
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Mar 30, 2016 at 04:50
Life has a way of rewarding patience and discipline.I see GBPJPY ready for a massive sell off.One may enter the sell trade right now or wait for the completion of 15 minutes time frame pullback or a strong close below the current 15 minutes low.SL should be alright at 162.80 and partial TP at 156.72,155.36 and 154.938.after a strong close below the 154.70 level,we may wait for a pullback depending on the kind of close at say 1 or 4 hr time-frame and a Target of 130.317,as we had written earlier,God-willing.
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Membre depuis Oct 11, 2013
posts 775
Mar 31, 2016 at 05:11
The USDCAD is retracing to the 1.3000 level, but if it gains bearish momentum again, the pair may go and visit the 1.2900 to try to break it.
Mar 31, 2016 at 06:50
Market once more traded beyond our SL before the set TP.This reminds one of a very important practice of moving the SL to BE as the market moves in one's projected direction,especially after hitting the daily pivot's S1-which is the normal daily trading zone support level.
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Mar 31, 2016 at 06:51
If the 4 Hr rejection candle low of EURUSD is broken by 10 pips,I see a reasonable entry point at 1.1290 with SL at 1.1399 and TP at 1.09830 ie over 300 pips(1;3 risk-reward) for a conservative trader,God-willing.Aggressive traders would enter earlier,I suppose but I have no opinion yet.
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Apr 01, 2016 at 06:41
Hello friends,since price has traded above the EURUSD 4 Hr rejection candle,the bulls are still in control and one could buy the pair with TP at 1.1468 or earlier at 1.1410
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Apr 01, 2016 at 06:46
USDJPY is in a downtrend.The 1 hr time frame provides a sell opportunity now.I suggest SL at 112.65 and TP at 111.54.Just my diea and not a recommendation.I'm already in the trade and will intimate you on how it turns out,God-willing.
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