Weekly and daily trade set ups

ZacKing · April 29, 2019, 3:09pm

i was lucky and am thankful i closed my position at the right time!

ponponwei · April 29, 2019, 11:51pm

Anyone here with setups dealing with JPY?

justshell · April 30, 2019, 3:49pm

I was in UJ for that huge sell from last night, looking closely at CJ now

ponponwei · April 30, 2019, 7:41pm

Would CJ be CHF or CAD? Sorry for the silly question!

justshell · April 30, 2019, 7:42pm

oh sorry! it can be either, but I meant chf lol not a silly question at all

ponponwei · April 30, 2019, 7:47pm

Oh I see! Thanks for clarifying! Good catch on USDJPY! Are you short CHFJPY?

justshell · April 30, 2019, 7:49pm

nope, right now it looks like its at a major daily support level, it’s possible that it may go UP in my opinion

ponponwei · April 30, 2019, 7:52pm

I see it. What are you waiting for before hopping in? Just checked the 4H, looking good (so far) on that possible bounce.

ponponwei · May 1, 2019, 6:47pm

Still looking at CHFJPY? Looking good now - might actually take it!

Glastonburyk · May 2, 2019, 9:10am

Gbpjpy sell of looks good in for a long term sell

Glastonburyk · May 2, 2019, 9:11am

Yes it did it’s job a lot of people got hurt there entering to early

Glastonburyk · May 2, 2019, 9:12am

It was a tough all due to lack of sell signals but I held in and had my risk set. No issues risk free trade now

Glastonburyk · May 2, 2019, 9:14am

We all good bro

Glastonburyk · May 2, 2019, 9:16am

Absolutely not. High probability buy imo

Glastonburyk · May 2, 2019, 9:16am

No such thing as a silly question

Glastonburyk · May 2, 2019, 9:17am

What are you looking at and why post your analysis and we will all chime in

Glastonburyk · May 2, 2019, 9:18am

It’s not luck bro you were vigilant

Glastonburyk · May 3, 2019, 2:22pm

Usdchf looking bearish d1

MattyMoney · May 12, 2019, 5:23am

Been watching Gold (XAUUSD) for a few weeks now and it looks like it’s forming a cup and handle pattern. Here’s an example:

Here’s my Daily chart:

You can clearly see the cup, could that be a handle forming? When I zoom in to the 4H chart there’s clearly a falling wedge pattern (bullish), which would fit the handle pattern as it rises.

Keep watching this sucker boys and girls, I believe there’s a good chance you could see some long term upward movement.

tommor · May 12, 2019, 6:10am

Hi G -

I haven’t contributed here as I’ve been slaving away on trial trades for various day-trading systems. Long story short - I’ve finally proved I can’t make any money from day-trading so I won’t be doing that again. Its back to long-term stuff for me.

My preferences are for D1 charts with W1 for a bit of trend strength comparison and then get in with the trend on continuation signals.

Right now I’m short AUD/CAD. I’ve also got Buy orders on AUD/NZD, EUR/CHF, USD/CHF and Brent: Sell order on GBP/USD. I’d prefer to only have 3 or 4 of these running at any time.

An entry signal I’m trialling is price rejection from the 5EMA in the trend direction, as indicated by the position of the 50EMA relative to the 20, and its slope. So e.g. AUD/NZD’s 50EMA is below the 20EMA and is sloping upwards: price broke the 5EMA and closed above it Friday so my buy order is just above Friday’s high: SL is below its low, TP is at 1r ahead of entry.

Actually, I regard rules for entry as just guidelines, any price other than a new extreme in a trend will do. The important thing is to find the best trends and get in.