Seriously boring market
only had 2 trades this week (sigh).
Sure, am profitable on them, but still slow week. hopefully volatility starts to pick up a tad as indices are just sauntering along
JPY pairs have most of the action now
Seriously boring market
only had 2 trades this week (sigh).
Sure, am profitable on them, but still slow week. hopefully volatility starts to pick up a tad as indices are just sauntering along
JPY pairs have most of the action now
Hey Brendad howās it going ?
Well yes the EU has been quite boring lately, but I am always finding other opportunities in other pairsā¦just grabbed + 90 pips on EUR/JPY yesterday following the break out and continuation of the trend yesterday just before London openā¦ ,but too bad I was up by about 160 pips and finally gave back 70 pips because I just like to keep trailing my stop and never set a TP lol ā¦ but no problemā¦sooner or later ,I know I will be able to catch the BIG moves and following these big moves will give big rewardsā¦ patience is the key mate
Hello,
Just noticed EUR/USD is forming a Triangle on the 1H chart, main trend of course is down ,so there could be a possible breakout scenario soon , maybe after the important news events tomorrow ā¦
What do you think Chris ? Is it better to wait for the news announcement and trade the breakout following news results ? Or just put a pending order somewhere near the blue lines ?
Hey Mate,
I am looking for the same opportunity. I also prefer to wait for the announcement. But will closely monitor Price Action.
AU is another pair I am watching at the moment. Currently trading near R level and expecting a breakout or reversal. Price action still bullish on lower charts. Donāt have an idea to take any trade now.
Well yes this is a major resistance line, and this same level is also the 200 EMA of the 4H chart ā¦ But I do not think the bounce or break will be significant when all eyes are on the Retail sales news report tomorrowā¦ better wait and see
So So week for me :D. Letās see how this week gonna deliver us ? Expecting more comments from Chris. See you around guys. Happy weekend.
Hey Brendad,
Good you had a great week . Good thing is that after the Retail sales report, eur/usd broke out of its Triangle range , but there was a fake out at first to the downside, and then it broke out strongly to upsideā¦ I hope you didnāt catch the fake out lol ā¦I was lucky not to take this tradeā¦ but well anyways the key is to keep the risk at a minimumā¦
Cheers
Hey guys,
There is a very nice ascending channel that has been formed on USD/JPY 1H, since last week. The trend has weakened and I think it is time to play the bounce from the downside :Dā¦since main trend is still to the upsideā¦ I actually took the bounce from this morning ,following the 2 pin bars that occurred at around 115.600 levelā¦ Still trailing my stopā¦
But exit is still some kind of an issue for me, should I keep trailing my stop until I am stopped out or exit at the top of the range ? what do you guys think is the best exit strategy ?
So in short, I will only look to buy when the price reaches an extreme level and wait for some pin bars for more confirmationā¦
I would keep going until it starts to turn or if there is major new coming out that might affect the pair. Good going Target Trader FX make those pips.
Haha, yes I will try that this timeā¦ I am using a 20 EMA as my trail stop method, it is good sometimes as it keeps following the price closely, but at times when this is a sharp drop in price, you will end up giving back about half of the profitsā¦and that is bad lol ā¦ btw ā¦ there is a EUR/GBP setup on the 4 H chartā¦ it looks like it has hit the upper trendline and is ready to go down all the way ā¦ Check this out mate
Target Trader FX i never use a EMA for that because all they are always lagging , i preffer to use a trailing stop .
Hello Guys,
Whatās up ? EU again in bull run. Have a small long targeting 1.2570 area.
Nice entry mate ! ā¦ I like how price action squeezed to the upside and bounced back from the broken resistanceā¦ but too bad it was short livedā¦ it hit the 4H 200 EMA to the pip and bounced back down! ā¦ that is why I usually prefer not going against the 4 hour trend ā¦if 1 H and 4 H agree ,then I consider taking the entryā¦ well thatās my opinion anyway
Nicely done here. I missed the opportunity yesterday. Hope you closed it at the top
Missed the EU long opportunity yesterday. There is always a market tomorrow. So got it today.
Was lucky got away from stop loss hunting. LOL
Missed Chris with his valuable analysis. But he did a great video on a new strategy. Here it is
Haha yea ā¦with all those nasty pinbarsā¦ I would stay away from charts like one lolā¦ no trade is my best trade sometimes
Thanks for posting. Great video.