GBPCHF.
Bearish bias. There may be an opportunity to go short. If price retraces back to test the trendline, and there is a bearish price action. It may be a good place to sell.
Why won't I be surprised if price retraces to test the trendline. For those of us just learning. The moving average helps. Look at the relationship between the price and the moving average.

PJAMES1:
GBPNZD.
Bearish bias. An opportunity to go short may come up. I am looking for an entry. However, if I do not get a satisfactory reason to enter. I will stay out.
Some caution though...
1) I could be wrong.
2) Trading GBP pairs can be challenging because of fundamental issues surrounding the pairs. If you are a swing trader who uses tight stops, I believe it may be better to avoid them. Talking from experience.. My stops aren't even usually tight and yet I had to remove most of them from the pairs I trade at a time. They could be troublesome.

Always remember that one could be wrong at any time, and that money management and responsible trading are part of the core factors that make a difference. Some will be right, some will be wrong.

I couldn't agree more with you bro. GBP pairs are so radical. They have been my undoing, owning to the fact that i use tight stops when trading swings. I have severally contemplated on removing them from my pairs but due to the fact they generate more pips when traded right made me to keep few of them.

My Setup For This Week. Looking Forward to a Bullish Move on This Pair CHFJPY

collitexnaira:


I couldn't agree more with you bro. GBP pairs are so radical. They have been my undoing, owning to the fact that i use tight stops when trading swings. I have severally contemplated on removing them from my pairs but due to the fact they generate more pips when traded right made me to keep few of them.

Exactly!! Very radical pairs. Can frustrate.

Buying Gold. Mean reversion trade. #Demo Account

Quick sell on USoil.

@currentprice, notice that there was demand between the levels I mentioned on Friday?

USoil would soon get to a point from which one can sell it properly and hold for about 500 pips but this is not the level.

I'm just taking this trade intra day.

meshpips:


I just bought GBPUSD.

Let's see if we get up to 50 -80 pips gap upwards when market opens next week.

I didn't get the gap size required as at market open but I held on to the buy positions.

The volume adjusted price was somewhere around 1.2778 before market closed on Friday.

I expect a correction to that price before sellers can attempt to party again.

Bolutumiii:
My Setup For This Week. Looking Forward to a Bullish Move on This Pair CHFJPY

Buy trade triggered. Let's see what happens

meshpips:
Quick sell on USoil.

@currentprice, notice that there was demand between the levels I mentioned on Friday?

USoil would soon get to a point from which one can sell it properly and hold for about 500 pips but this is not the level.

I'm just taking this trade intra day.

as I stated on Friday oyel was at a BUY levels unless it move below those levels. I risk Sell on Friday because of the suspicious north movement on THURSDAY I thought was MM trick to leave me behind. Thank God the risk pay off as I was able to recover Thursday lose with interest.

Now for me i will be looking for an opportunity to BUY at either of those levels. i will only go back to sell when price move down to the BEARS territory i.e below the green level

Dont know when i am gona get my trade this week.

patience is the Key i am not gona rush

meshpips:
Quick sell on USoil.

@currentprice, notice that there was demand between the levels I mentioned on Friday?

USoil would soon get to a point from which one can sell it properly and hold for about 500 pips but this is not the level.

I'm just taking this trade intra day.

66 pips done on the sell.

currentprice:


as I stated on Friday oyel was at a BUY levels unless it move below those levels. I risk Sell on Friday because of the suspicious north movement on THURSDAY I thought was MM trick to leave me behind. Thank God the risk pay off as I was able to recover Thursday lose with interest.

Now for me i will be looking for an opportunity to BUY at either of those levels. i will only go back to sell when price move down to the BEARS territory i.e below the green level

Dont know when i am gona get my trade this week.

patience is the Key i am not gona rush

Okay, nice!

redsox11:
Set short pending order on 50% fib on the just closed hourly bar. To expire in 40mins.
Set on GJ and AU , AU looks better than GJ.

Called the trade when the Fibonacci was set.

AU pending expired. GJ picked up. New low was in place , so SL went to BE.

It's trend trading, so got to be left to run, until NY close or BE triggered.

Forex made easy, I should set up a trading classes hehehe .

USDJPY

coolvibes:
Buying Gold. Mean reversion trade. #Demo Account

My Lessons from this trade:
1. always use at least a medium sized stop loss for gold, oil etc
2. be patient for the most optimal price action entry

I broke Those rules cause I thought price was gonna leave without making a retest of support

missed it at d first level.

no shaking, I will be patient for my own turn.

not seeing real buying yet . I think it will still fall below the 2nd level before real buyer set in if any.

let see how Mr market play his game

look tempting to play fast on mr mkt toward the SELL side for now

if u must follow do this, pls firs understand d risk involve o. SL as saviour

eyeing to take a SELL risk below the while levels with 100 pips SL but planning to jump out at the SL should the price continue upward

trade taken

currentprice:
trade taken

I have the same trade.

Mine was a sell stop.

62.76 - 62.978 might have demand.

I will watch closely or just cover the shorts anywhere there.

currentprice:
trade taken

I am on the waiting to see 64.50 to sell if it gets there. I took a buy at 63.15 earlier but closed at BE now.

currentprice:
trade taken

risk is currently paying off

all SL adjusted downward. I no wan story

blessed new week to all. For me i am taking gbp/cad short with tp at 1.6780 and long oil on a daily close today above 63.50 with tp at 65.83

infofirst:


I took gu instead. Replace it with the gold sell.

Giving gu buy a go again. 1.2689-----1.3250.

infofirst:


Giving gu buy a go again. 1.2689-----1.3250.

Good entry. I also got in a small position.

I might add after I see a bullish H1 close.

redsox11:
Short pending order @ 50% FIB of just closed hourly bar on GN and GA. Expire in 45-50mins.

Expired, no bite.

currentprice:


risk is currently paying off

all SL adjusted downward. I no wan story

despite the trade first move toward my side. I still chop cane on the trade

it move up and go against my trade. I have to close in negative, i can't hold longer cos of the risk involves i.e ^{price have stay clear above all SELL level}.

looking at it very well price doesn't move up as it suppose for Bullish confirmation, meaning MM are playing one kind game we don't understand the reason ^{I took the SELL risk}.

i will still try my luck to risk sell for the last time

meshpips:


Good entry. I also got in a small position.

I might add after I see a bullish H1 close.

Yeah. It's looking good.

currentprice:


despite the trade first move toward my side. I still chop cane on the trade

it move up and go against my trade. I have to close in negative, i can't hold longer cos of the risk involves i.e ^{price have stay clear above all SELL level}.

looking at it very well price doesn't move up as it suppose for Bullish confirmation, meaning MM are playing one kind game we don't understand the reason ^{I took the SELL risk}.

i will still try my luck to risk sell for the last time

Oil be playing wayo. Watching it closely.