FX trading Nov19 - Nov23

[bbmac]

Graeme: That 1094-1123 was a 5/15min potential SBR zone on usdchf, and with the 50% of the intraday move at 1120 too, the better place for the stop would have made above that lower sing hi at 1123? 15min Reentry type 3 there too now

Whatever the case though, G/l

 

[graemenash]

EURUSD entry - Long 1.4775 on the 61.8 retrace following 5min type A reversal in the 5min RBS zone (as marked).

Stop to b/e already, will take half off at 1.4785 and try to run the other half to 1.4806.

EDITS
-------
1312 took half off at 1.4785
1321 market trades to 261.8 extension at 1.4793; stop on remaining half to 1.4785.
1359 exit other half at 423.6 extension - 1.4706

+10 on half pos, +31 on other half = +20.5 equivalent gain on full position

 

[graemenash]

Took +1 on the USDCHF short; wasn't the best entry and got lucky with the no fill on the stop. Will try to trade the 5min setup if it produces an entry.

 

[shadowninja]

I was long overnight on EUR/USD. Woke up, checked my trading screen, found out my TP had been hit so collected 75 points while I slept. Now that is my kind of trading. :cheesy:

Decided to treat myself by buying a huge bag of crisps from Tesco for lunch. I feel a bit queasy now. This trading lark isn't as easy as I thought.

 

[bbmac]

I had it down as a Reversal A (ii) on 5min usdchf at that higher 1111 level with 15min Reentry 3 confirm,...don't know what the 1min trigger was though. Just a quick look as i don't trade it. Entry fell in that 5/15min potential RBS zone though.

G/L with the eurusd.

 

[bbmac]

U.s housing data due at 1330pm gmt

 

[graemenash]

yeah correct about that 5min USDCHF setup. Will still be looking to trade it if price retraces 61.8% of this move down from the reversal setup.

BTW I now run bolls on 8/21/34/55 fibonacci number settings which can often produce a signal where the 10/20/40/60 settings don't, that EURUSD trade being a good example.

 

[bbmac]

thx for headsup re bols, ..interesting development.

 

[bbmac]

Nice correlating move on cable at that usdchf set-up discussed above on 5min...(and eurusd move) the 23.6% of the move up from fridays low of 0351 coincided with the 123.6% extension of yesterdays move and the former Dly supp T/line from 18/9 around that 0590/95 area to give a Reversal A (ii) also on gbpusd with the 15min Reentry 4 (hidden [reverse] divergence based re-entry confirmation.

 

[bbmac]

here's the 15min Reentry set-up confirm, see how the area was tested twice as support.

(15min Reentry type 4)

 

[graemenash]

Unfortunately missed this AUDUSD long entry while monitoring that EURUSD trade. Another good example of the 61.8 entry following the reaction from the initial signal:

5min type B reversal in 5/30min RBS zone, entry would have been around 0.8872 offered

 

[bbmac]

Cable finding resistance now at the 38.2% of the 1162-0351 move, that coincides with Dly R3 pivot area, 0668-0673 area.

216pips off the low today now.

 

[bbmac]

re above resistance: Nice reversal set-ups to 30min. Shown is the 30min confirming set-up



Notice how the osma (lead oscillator) fails to make it back above the zero axis, so bearish divergence is measured accordingly as the fastest bol..10 bol (aqua) comes inside both the 20 (whote) and 40 (pink).

Incidentally the 1min through 15min set-ups were 1min Reversal A seq, 5min 5min Reversal A seq and 15min Reversal C. With other supporting factors such as 1 through 15min breeches of fib tunnels and donchian channels and stochs in extreme o/b territory 90+ read to 15min and overbought 80+ reads 1hr thru 4hr, it became a good set-up.

(30min Reversal type B)

 

[Mr.Black]

i am short on EUR/USD

 

[bbmac]

re above set-ups at 0668/73 resistance...15min screenshot is self explanatory

 

[graemenash]

Short USDCHF 1.1095, stop 1.11185

 

[bbmac]

G/l Graeme and Mr.Black.

The following set-up at the 23.6% fib of the intraday move that coincided with Dly r2 area and a previous 1hr swing hi.....shown is the 5min hidden [reverse] divergence based confirming set-up to a 1min Reversal type C at that support in that last main 5/15/30min RBS area.

Again I have no idea whether a new high will result, but often the area is re-tested if only for a lower hi, the choice then becomes make a few pips or put stop to b/e and see what happens.

Enough ffrom me today, G/l all.

(5min Reversal type C)

 

[shadowninja]

i am short on EUR/USD

Oscillator divergence, too!

 

[Mr.Black]

My trade was closed for +13 pips profit....

 

[FXSCALPER2]

My trade was closed for +13 pips profit....

Do you always take such small profits?