Green pips to you! Fantastic luck with your trading along with the thread.
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Green pips to you! Fantastic luck with your trading along with the thread.
Good fortune
SL Hit -16.5Originally Posted by ;
SL to BE
I love it too!
Cheers matey!
Missing some pips and wasted moment around EURUSD today. My tendency is going to be to avert this pair until Greece gets thrown out - it will just be a device.
However, here is my view of its current activity on the 4H, 1H and 15M.
4H has broken a trendline, which is not too important in its own right but informs us that the present movement inside the 4H wishes to go higher and I can see this being capped at 1.13 which will then contain that price action back down to the trendline. It simply does not work for my trading style particular, although there'll be those who see that the chance in this.
1H appears to encourage this as well and I would utilize the EMAs as a Proxy for Trend because if the fan is complete expanding upwards, I don't have to second guess the overall trend on the 1H and 4H is up for the second and price is currently above this tendency typical. I'd go short on a break of this trend 13, this morning but I was stopped out at BE which was also a sign of a change in trend back to the key trend.
The current 15M tells me nothing new but a greater clarity of this 20 pip brief opportunity from 1270 to 1250 with possible extra 10 pips to 1240 when the transfer is strong enough. The simple fact that clustering has occurred at the 1250 area indie it'll be strong enough for support. The EMAs on the 4H and 1H are underneath 1250 so I believe the upside is much more probable than the downside.
AUDNZD remains in play. My target is shown by my Weekly with this pair.
The 4H shows that a preceding target was attained (cha ching) and the angular movement of price is upwards. Trading with the Trend, reversal at this stage is continuance rather than the commerce expectation - but never say never. The fact that there is a quick moving EMA currently creeping in above the target is really a generalised indior that prices are increasing, in accord. I'd argue that the Daily shows what might be considered Wave 1 and 2 and the starts of Wave 3.
Stops moved into 11087, last swing low of 15M. In terms of risk, the upside momentum is falling on the 4H and I'd be pleased if the candle reduced got removed. I would be looking for longs, however I'd take good care that this station is not a Flag or Pennant and could be more likely to a market reaction.
Fundamental reasons for that are any unfavourable news on the Aussie which you will find a few tomorrow and overnight. What's going to be interesting is any further statements from New Zealand Reserve Bank which could kick start a different move.
On a different note, one of the things I like to check at is that the motion of prices on a plank.
As an amateur and part-time trader, I do not have access to order flow and ticks as I really do have a day job and also that sort of feed will be a current waste of cash.
So rather I see this:
It appears CHF was exchanged for both EUR and USD. AUD revealed strength against the rest of the majors especially GBP. GBP showed strength so looking at this informs me that I'm justified in NOT looking at EURUSD since the market to trade since there are greater opportunities.
I may have a look at the GBPAUD though the spread on this can be eyebrow raising. That said, I'm bullish on the USDJPY and GBPJPY but I've not traded either this week however.
Just thought I'd include this as a counterpoint to the EURUSD and AUDNZD trades.
Hmmm while I was looking at the board, I noticed that the 15M GBPJPY is flagging
It's displayed 2 of the 4 installation characteristics. Only need 3 and 4 and I will Long on the creation of the 4th signal....
The 3rd indiion is really a swing high.
Hay Vlad mate, LTNS, excellent luck and smooth sailing to you!
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