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Re: AUD USD enters 'zone' of interest
I also liked the look of the eur usd price action and have placed an order short (same basis as ozzie) at 1.33 75 (H 1.34 45 low 1.33 00)
For some reason I cant post any charts up at the moment
Order placed to short @ 1.00 25, being 50% of the 4H shooting start just closed (H 1.00 80, low @ 0.99 72) a 105 pip risk which is too big for me
I also liked the look of the eur usd price action and have placed an order short (same basis as ozzie) at 1.33 75 (H 1.34 45 low 1.33 00)
For some reason I cant post any charts up at the moment
Re: AUD USD enters 'zone' of interest
I have just opened up my charts and was pleased to see price has just touched my 1:1 risk/reward level, which is when I move my stop to a breakeven position. However over night I was actually stopped out as price went 5 pips higher than the top of the 'trigger. candle. That's frustrating!
Still unable to post the charts, also frustrating
I have just opened up my charts and was pleased to see price has just touched my 1:1 risk/reward level, which is when I move my stop to a breakeven position. However over night I was actually stopped out as price went 5 pips higher than the top of the 'trigger. candle. That's frustrating!
Still unable to post the charts, also frustrating
BAD load
Anyone else unable to load their charts to T2W this week
I have managed to get one to load out of a dozen requests
The error message says something like "BAD COMMAND"
Your browser has sent a request this server couldn't understand" :-0
Im using Firefox
Anyone else unable to load their charts to T2W this week
I have managed to get one to load out of a dozen requests
The error message says something like "BAD COMMAND"
Your browser has sent a request this server couldn't understand" :-0
Im using Firefox
Re: BAD load
Trader 333 suggests converting .bmp to .gif or .jpg
This is an attempt with a .gif
Anyone else unable to load their charts to T2W this week
Trader 333 suggests converting .bmp to .gif or .jpg
This is an attempt with a .gif
Attachments
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USD CAD 4H holding of support
NFP has generated an interesting candle shape at an interesting level
The daily chart shows an ascending trendline intersecting with previous support at this level
My daily moving averages are stacked up 'long', however price is well below them and indeed the 4H ma's are in 'sell' signal
The four hourly chart has just printed a candle that is similar to a hammer form, indicating rejection of lower prices and thus holding of support on this test
I am looking to enter at a 50% retracement of this candle, to achieve a R:R in excess of 1:5
I attach (in .gif formal, thanks for that tip, hope the chart is legible) the daily 'set up' as I see it and 4H 'trigger' as I see it. Now I am sitting back to see if my order gets filled...
NFP has generated an interesting candle shape at an interesting level
The daily chart shows an ascending trendline intersecting with previous support at this level
My daily moving averages are stacked up 'long', however price is well below them and indeed the 4H ma's are in 'sell' signal
The four hourly chart has just printed a candle that is similar to a hammer form, indicating rejection of lower prices and thus holding of support on this test
I am looking to enter at a 50% retracement of this candle, to achieve a R:R in excess of 1:5
I attach (in .gif formal, thanks for that tip, hope the chart is legible) the daily 'set up' as I see it and 4H 'trigger' as I see it. Now I am sitting back to see if my order gets filled...
Attachments
GBP NZD @ potential long level
One to watch next week for any signal to trigger a new 'up' leg
confluence of
.horizontal level
.ascending trend line
. fib retracement of previous up swing
.alignment of moving averages
.'round' number
just need a trigger set up to set risk / reward to enable entry
One to watch next week for any signal to trigger a new 'up' leg
confluence of
.horizontal level
.ascending trend line
. fib retracement of previous up swing
.alignment of moving averages
.'round' number
just need a trigger set up to set risk / reward to enable entry
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JPY crossess short
Quite a few of the daily charts have shooting star candle formations at interesting levels for potential shorts.
I perceive these as risky though as the JPY has enjoyed a number of interventions recently
heres gbp example
.38% retracement of the larger recent downswing
.50 / 61.8% retracement of the smaller recent down swing
. moving averages crossed down and price trading below them
Quite a few of the daily charts have shooting star candle formations at interesting levels for potential shorts.
I perceive these as risky though as the JPY has enjoyed a number of interventions recently
heres gbp example
.38% retracement of the larger recent downswing
.50 / 61.8% retracement of the smaller recent down swing
. moving averages crossed down and price trading below them
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Re: USD CAD 4H holding of support
Order filled (red vertical line) & stop hit (yellow rectangle)
Later hammer-esque 4H candle (black 'up' arrow) did achieve 5:1 reward, but my entry was clearly too early (with hindsight!)
Order filled (red vertical line) & stop hit (yellow rectangle)
Later hammer-esque 4H candle (black 'up' arrow) did achieve 5:1 reward, but my entry was clearly too early (with hindsight!)
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Re: GBP NZD @ potential long level
ditto to my USD CAD post above. order opened but stop hit as too tight (@ 1.99 60 by 16 pips) based on the NFP low of the previous week. Series of long triggers then produce a 5:1 reward profile, which still looks attractive on the 4H for a further move up (ma's crossed long), but it would be against Fridays very bearish candle. So I am not looking to re-enter this pair at present
ditto to my USD CAD post above. order opened but stop hit as too tight (@ 1.99 60 by 16 pips) based on the NFP low of the previous week. Series of long triggers then produce a 5:1 reward profile, which still looks attractive on the 4H for a further move up (ma's crossed long), but it would be against Fridays very bearish candle. So I am not looking to re-enter this pair at present
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EUR GBP drops off bottom of chart
Large down move yesterday takes EUR GBP pair off the bottom of the daily chart, reaching prices not visited since February
Looking at a weekly chart I see ascending trend line and previous Support / Resistance zone confluence around .84 25 to .83 60
Will price continue lower through this or find support and turn around?
One to watch over the medium term (couple of months)
Large down move yesterday takes EUR GBP pair off the bottom of the daily chart, reaching prices not visited since February
Looking at a weekly chart I see ascending trend line and previous Support / Resistance zone confluence around .84 25 to .83 60
Will price continue lower through this or find support and turn around?
One to watch over the medium term (couple of months)
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Re: GBP NZD @ potential long level
I try to avoid the 'should-a, would-a, could-a' but this is frustrating, my stop was hit because it was 6 pips too tight, now up 100's of pips!
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EUR USD 1.28 65 and beyond?
technically I would be looking for reversal signals at these significant swing low levels to get into the corrective 'up swing'
fundamentally I can see the years low being taken out (what would that make the 'yearly' timeframe candle look like? An enormous shooting star indicating even lower prices next year?)
Any way a solid break of yesterdays low @ 1.29 45 triggers the last 4H shooting star candle and I'm short to an initial target 1.28 65
technically I would be looking for reversal signals at these significant swing low levels to get into the corrective 'up swing'
fundamentally I can see the years low being taken out (what would that make the 'yearly' timeframe candle look like? An enormous shooting star indicating even lower prices next year?)
Any way a solid break of yesterdays low @ 1.29 45 triggers the last 4H shooting star candle and I'm short to an initial target 1.28 65
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AUD USD 1h trigger
my daily & 4H trends are short
the 4H has retraced 50% of its previous down move and created a1H shooting star candle.
If my order opens, I am targeting 1:4 risk reward @the previous low of .98 60
Stop hit, risk seems to be more attrative today?
my daily & 4H trends are short
the 4H has retraced 50% of its previous down move and created a1H shooting star candle.
If my order opens, I am targeting 1:4 risk reward @the previous low of .98 60
Stop hit, risk seems to be more attrative today?
Attachments
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EUR GPB 1H trigger at Fridays highs
Is the euro going to soften further against the pound or rally
I have short trends on weekly, daily, and 4 hour timeframes
The last 1H candle indicates rejection of Fridays highs (around 84.13) and the 4H 20ema (red)
If price can close comfortably below 83.80 (1h ascending trendline) I'm looking for last weeks lows at 82.80 for a Risk Reward around 6 times (Using round numbers, 84.00 entry, 84.20 stop and 83.80 target)
With a 20 pips risk, I am comfortable with the trade failing, as I do recognisee the daily chart is 'stretched' and could easily see a significant pull back before any new lower prices are seen. If price touches 83.80 I'll move my stop to breakeven
Attached 1H trigger (shooting star) and 4 H set up (20ema acting as dynamic resistance)
Is the euro going to soften further against the pound or rally
I have short trends on weekly, daily, and 4 hour timeframes
The last 1H candle indicates rejection of Fridays highs (around 84.13) and the 4H 20ema (red)
If price can close comfortably below 83.80 (1h ascending trendline) I'm looking for last weeks lows at 82.80 for a Risk Reward around 6 times (Using round numbers, 84.00 entry, 84.20 stop and 83.80 target)
With a 20 pips risk, I am comfortable with the trade failing, as I do recognisee the daily chart is 'stretched' and could easily see a significant pull back before any new lower prices are seen. If price touches 83.80 I'll move my stop to breakeven
Attached 1H trigger (shooting star) and 4 H set up (20ema acting as dynamic resistance)
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Re: GBP NZD @ potential long level
Price has retraced 50% of the last 4H up swing, so daily & 4H timeframes remain long, this 'should-a' been my 'add to' signal, so attempting a buy from the hammer printed on Friday (which I hadn't noticed until now). Looks like tested the level again, to form a double bottom and print a bearish outside bar signal?
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Re: EUR GPB 1H trigger at Fridays highs
Price has hit 83.80 (Wow 20 pips!) So I have moved my stop to a breakeven level
Price has hit 83.80 (Wow 20 pips!) So I have moved my stop to a breakeven level
Re: GBP NZD @ potential long level
However, as 4H moving averages are no longer 'long' I haven't taken this second trigger
Stop taken out and then price reversed after a new 4H signal at the 61.8% retracement level
However, as 4H moving averages are no longer 'long' I haven't taken this second trigger
