I think I will follow neither, thanks, when I am not sure who I am following!
ST
no pbm. i just share my passion. and i’m happy with that
I think their personality seems pretty similar, too, so more like Peter Parker and Spiderman, perhaps?
Great that you are happy, but I would counsel others against following someone who won’t answer a straight question - never a good sign, in my experience.
you can still counsel people, but the best counsellor is the account growth. it speaks to them than anyone else. it is more credible than anyone else…
I see EUR/USD up to 1.4550 this week, also AUD/USD @ 1.07 soon. I’m long EUR/CHF too.
Any comments on those pairs, pipskiller?
Hi Milan, you are right to be optimistic for the up trend of the euro. if you look at the weekly candle, you will see a big up bar telling you that the trend is still strong to the upside. I believe, insiders are trying to play at least the 127% monthly extension (1.4660), and if price close above that level, it would go to the 161% extension which is 1.5144.
If you are in this trade, it is wise to keep it, because it will go further up. i took that trade, but got out a bit earlier, at the double top level…
the eur/chf trend is also up…but i’m waiting for a nice retracement before entering…at which price did you go long Milan ?
Hi Simon. i hold these threads, because i think it is not easy for many people to find one of them. And most don’t look at several threads. that’s why. When i was creating it, i did not know it would be possible to keep the same user name for all the threads. i have to continue them, since i have some followers in all of them. it’s a lot of work, but that’s o.k.
Hi,
I entered long @ 1.3070, SL is at 1.3020, Target @ 1.3250.
thanks Milan
my eur/cad trade is going good…i’m keeping it.
i will buy again eur/cad at 1.3851 sl=1.3783 tp1=1.3960 tp2=1.4060
buy aud/nzd at 1.3520 sl=1.3400 tp1= 1.3720 tp2=1.3900
i just closed the aud.nzd trade… it looks like it was a false break
pipskiller, what’s your opinion of USDCHF?
for me usd/chf will go down. this pair is like the oppositeof the eur/usd. i did not good set up there, so i don’t touch it
i will enter another trade on eur/cad at 1.3828 sl 1.3783 and tp=1.3960
regarding the aud/nzd, i know this pair will go up, but i closed it to be more comfortable
i lost the eur/cad trade, that’s the game. i’m still looking at set up
the key is to keep your losses very low. i took a full loss on eur/cad, and 1/3 loss on aud.nzd…but i will make all them back…the trade i took last week is still running in the positive zone, and i moved my stop to break even…
buy aud/cad at 1.0055 sl=0.9992 tp1=1.0092 tp2=1.0175
buy eur/chf at 1.3055 sl=1.2922 tp1=1.3180 tp2=1.3400
my aud/cad is going well. i will keep it. i lost the aud/nzd trade
i will buy the eur/chf at 1.3031 sl=1.2922 tp1=1.3200 tp2=1.3400
buy gbp/usd at 1.6340 sl=1.6217 tp1=1.6380 tp2=1.6550
buy aud/usd at 1.0500 sl=1.0379 tp1=1.0570 tp2=1.0630
buy eur/yen at 122.07 sl=120.04 tp1=123.00 tp2=124.00
I think its a good time to buy AUD/NZD now (1.3290) with a 1.3200 SL and 1.36 TP.
90 pips risk, 400 pips reward.
Thank you for posting that, interesting to hear your take. I have been watching this pair looking for an opportunity to go long. There is a good upward trend, with good cyclicity, and we have been in a retracement since the second week of March, however do you have a 200ema on your chart? I do on my Daily, and the retracements have previously pulled back to that level. So I was anticipating the bounce to be around the 1.3125 level. That is not to say that you are wrong, we have not yet seen how today’s bar closes, and obviously Price could jump from here. But personally I am waiting for a clear trigger, so am hoping for a Price Reversal around the 200ema. Might not happen, obviously, but if it does then the R:R is even better…! I have a long-term resistance level marked on my chart at around the 1.3720 level, so would probably target a little higher than your outline, too. There are a number of hurdles and variables, obviously, but I think that you could do even better than 4:1 with this one.
I went long on this pair on 19th November 2010 and 28th January this year, both to good effect, so seems fair to try a third go at it!
I am not being critical at all, I simply thought that it was good of you to post your thoughts so thought you might be interested in another take on it.
ST
Hi Simon,
Thank you for your post! I have uploaded a screenshot of the chart I’m looking at, as you can see I’m also watching this trend line and today’s candle, which is currently at the 100 SMA. I think we’ll have soon a clear picture where price is headed, a break below the trend line could lead the pair even more down before the reversal (RSI leaves enough space for a continuation of the downtrend). Let’s wait and see…