it appears I made good decision for myself to close earlier. see current chat

thatz about 70pips up from my close

if the current 4H candle closed bearish on USDCHF I will sell, sl 70pips, tp 1.0050
good luck

PJAMES1:
I know I have talked about EURNZD before. And how I was expecting a significant upside move. It appears we have that coming into play now. Weekly chart shows an incomplete head and shoulder pattern. But I am not thinking short yet. And I don't think the pattern will be completed now.

Weekly chart also shows a clear double bottom pattern.

Daily chart shows more details. There is a clear break of the trendline and it has been retested. The trendline held as support.
Also, I personally don't do much of Elliot Wave analysis but from the little I have learned from the charts of those who do.. I also believe we are seeing an ABC correction of the downward move that started in October 2018 and ended in December. A and B already completed.. C, the last part of the correction has started and would target 50% of the original downward move. This corresponds with the upper resistance I drew. That 1.7110 area.

The four Hour chart shows a clear inverted head and shoulder pattern. A pull back to the green line (neckline) area gives an opportunity to go long. The experts teach to allow he trade come to one. If it doesn't, one should let it go. The pullback gives a reasonable Risk Reward Ratio.

So from a technical point of view, medium to long term, EURNZD is up.. Then downnnn (on completion of the correction). In the next down impulsive move, I speculate the neck line of the weekly head and shoulder pattern will be broken.

But what do I know? I am just a learner putting out my perspectives on pairs. And who is striving to be better. This is not in anyway a financial advice. And trading decisions should not be based on this. Let us see what happens.

Closed this demo trade. I guess that's enough.
Got about about 330 pips.
Held for about 4 weeks. Swap took like 40 pips.
Obviously will be watching this pair for two reasons. If it will eventually reach the tp and for the next impulsive bearish movement as explained in this post. Massive pips to be harvested if the analysis is correct. Those just starting with charts could read that post. It turned out to be correct. One could learn a thing or two ( I am talking to those just starting to analyse charts).

femora007:
if the current 4H candle closed bearish on USDCHF I will sell, sl 70pips, tp 1.0050
good luck

What time will the next candle open?

alphaNomega:


What time will the next candle open?

10pm

PJAMES1:


Closed this demo trade. I guess that's enough.
Got about about 330 pips.
Held for about 4 weeks. Swap took like 40 pips.
Obviously will be watching this pair for two reasons. If it will eventually reach the tp and for the next impulsive bearish movement as explained in this post. Massive pips to be harvested if the analysis is correct. Those just starting with charts could read that post. It turned out to be correct. One could learn a thing or two ( I am talking to those just starting to analyse charts).

Lovely one bro. I hope you do this on live account soon. Keep it up. So simple and effective one from you.

femora007:
if the current 4H candle closed bearish on USDCHF I will sell, sl 70pips, tp 1.0050
good luck

I have bought her corresponding pair too. EU. 1.1190 tp 1.1300. Breach of 1.1160. Will manually close.

femora007:
10pm

Thank you

Shevychen2:

I never have this issue regardless of the browser I am using. The dark theme can be a problem sometimes but the pages still appear well.

Do you take students?

infofirst:


Lovely one bro. I hope you do this on live account soon. Keep it up. So simple and effective one from you.

Thank you very much. This comment means a great deal to me. I will do it live someday . Still trying to find that consistency and discipline. But I am definitely getting better. Before the end of the year, hopefully should be ready. I am not in a rush. I will just keep learning and practicing. Will keep at it till I get it right.

infofirst:


I have bought her corresponding pair too. EU. 1.1190 tp 1.1300. Breach of 1.1160. Will manually close.

Gu bought 1.3010. Tp 1.3250. Mental sl 1.2910

meshpips:


Here it is:

@beejay, see what price has done on EURAUD?

infofirst:


I have bought her corresponding pair too. EU. 1.1190 tp 1.1300. Breach of 1.1160. Will manually close.

cool

meshpips:


@beejay, see what price has done on EURAUD?

Sweet setup

coolluk:


Sweet setup

yes sir!

checking my chart now, I notice the green levels keep acting good support. if I failed to close trade yesterday I will still keep my mind on the up and down move since yesterday.

EURGBP AND GBPJPY setting up good. Someone with balls could take a shot at it today but tomorrow will be easier to enter trades.

meshpips:


GBPJPY buy side right?

Yes. ADR is 130 on GJ, almost done.

redsox11:
EURGBP AND GBPJPY setting up good. Someone will balls could take a shot at it today but tomorrow will be easier to enter trades.

GBPJPY buy side right?

currentprice:
all trades close

though price is now below the green levels, thatz positive for the sellers. but I have reach my target for this trade so I day carry my kaya run commot.

mkt will still open 2morrow

it look like this price might not reach the top levels from where I plan to SELL

time to take the risk to carry on from where we stop yesterday. atleast better than taken the risk earlier as i will have better SL from here.

currentprice:


it look like this price might not reach the top levels from where I plan to SELL

time to take the risk to carry on from where we stop yesterday. atleast better than taken the risk earlier as i will have better SL from here.

Oyel sold with 100 pips SL

currentprice:


Oyel sold with 100 pips SL

_{^{note: i will jump out as soon as it shows that i am wrong before my SL hit. above the red levels i will give up}}

I sold at 62.01 around the hour. I was expecting more push up too. Trying to be extra patient but the candle hum.

currentprice:


it look like this price might not reach the top levels from where I plan to SELL

time to take the risk to carry on from where we stop yesterday. atleast better than taken the risk earlier as i will have better SL from here.

I'm thinking we will see 64.55 level before sellers step in properly.

meshpips:


I'm thinking we will see 64.55 level before sellers step in properly.

if price move to this level. for me I will delete SELL from my plan to continue BUYING

meshpips:


@beejay, see what price has done on EURAUD?

Nice one..I see what you mean...a repeatedly tested support/resistance once broken will most likely be tested again to reinforce the breach

[

meshpips:


I'm thinking we will see 64.55 level before sellers step in properly.

63.7* region in my own view for now.

@currentprice. If the current 1tf close this way. I wil exit immediately.

currentprice:


Oyel sold with 100 pips SL

_{^{note: i will jump out as soon as it shows that i am wrong before my SL hit. above the red levels i will give up}}

trade close with 16 pips.

I don't want to keep this trade overnight. would wait to see if I can catch better price 2morrow

currentprice:


trade close with 16 pips.

I don't want to keep this trade overnight. would wait to see if I can catch better price 2morrow

Hello Boss,

May i request on behalf of all of us that are learning for you to give us some hints to your unique level trading methods, i know there are several methods to picking levels but yours is epic .

i do not expect us to be spoonfed , just to give direction to this approach and whoever is interested can go do his/her homework. I know i speak for many traders here . And i am sure to will confirm this point by the number of likes to this particular post.

I hold you in high esteem. Thanks

GU do me shege this week, it keeps taking out all significant support levels.

I am selling EURNZD @ 1.7000 sl =1.7070 tp=1.67800

pinbar:


Hello Boss,

May i request on behalf of all of us that are learning for you to give us some hints to your unique level trading methods, i know there are several methods to picking levels but yours is epic .

i do not expect us to be spoonfed , just to give direction to this approach and whoever is interested can go do his/her homework. I know i speak for many traders here . And i am sure to will confirm this point by the number of likes to this particular post.

I hold you in high esteem. Thanks

hope you know we can be using the same strategy and getting different results, i am sure either here or other site nobody will reveal online exactly what he work hard and suffer for many years to get except we want to deceive ourself.

though what i do is not exceptional or epic as u call it. all d level levels mention on my post is just the support or resistance you all know, the only things i added to this is experience. i am not 40% sure of what the price will do when i enter trade. if i am sure of this i will be trading 10 lots since my draw down pips will not be more than 10

i use my experience of price action on support and Resistance levels from the higher tf to the lower. for example check my last trades and see how i pick d green level from lower tf before the price get to the level though i didnt book the buy trade at d levels cos i was not sure if it will hold.

currentprice:


hope you know we can be using the same strategy and getting different results, i am sure either here or other site nobody will reveal online exactly what he work hard and suffer for many years to get except we want to deceive ourself.

though what i do is not exceptional or epic as u call it. all d level levels mention on my post is just the support or resistance you all know, the only things i added to this is experience. i am not 40% sure of what the price will do when i enter trade. if i am sure of this i will be trading 10 lots since my draw down pips will not be more than 10

i use my experience of price action on support and Resistance levels from the higher tf to the lower. for example check my last trades and see how i pick d green level from lower tf before the price get to the level though i didnt book the buy trade at d levels cos i was not sure if it will hold.

Few words but LOADED . Thank you boss

I hope someone got something but if you didnt, here are highlights from the boss....

* you have to play your part and understand price action
* Believe in yourself , believe in your strategy , believe in your analysis
* Experience has no substitute
* Be patient (highlight from previous post)

currentprice:


trade close with 16 pips.

I don't want to keep this trade overnight. would wait to see if I can catch better price 2morrow

I think it time to take the risk to re-enter trade again. there is possibility of missing the trade if I wait and expecting price to move up more.