Trade Ideas
Jun 03, 2016 at 08:26
Good morning traders.The GBP pairs are not ready to go north anymore in my view as GBPNZD and GBPJPY have both broken below their supports,and thus want to continue the downtrend going south.GBPCAD was not ready to go north even before my previous post.With at least these 3 pairs indicating they are still in the downtrend,my bias has resumed to shorting the pairs if I see my favorite short setups,God-willing with at least 300 pips from GBPNZD and 200 pips from GBPJPY.GBPCHF is still showing signs of going north though,I suggest staying out,except if it breaks the 1.4315 level with strong conviction for a long trade.Should GBPCHF too break the bottom of the range and re-test,my bias will resume shorting the pair too,God-willing.
In all,traders with humble accounts may wait for the NFP news to be over before entering trades today,while those with fairly large accounts and greater risk appetite may enter their trades as they see their favorite setups,God-willing.Yesterday being generally quiet we may expect some good movements and thus pips today,God-willing.
Happy trading.
In all,traders with humble accounts may wait for the NFP news to be over before entering trades today,while those with fairly large accounts and greater risk appetite may enter their trades as they see their favorite setups,God-willing.Yesterday being generally quiet we may expect some good movements and thus pips today,God-willing.
Happy trading.
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Jun 03, 2016 at 18:52
Hello traders,
Though GBPCHF has not broken below the bottom range,it has retested yesterdays high-1 hr time frame and found resistance.Thus,one may sell with 1.41764 God-willing,as the first TP!
Happy shorting!
Though GBPCHF has not broken below the bottom range,it has retested yesterdays high-1 hr time frame and found resistance.Thus,one may sell with 1.41764 God-willing,as the first TP!
Happy shorting!
to turn humble investments into huge fortune with minimal risk ...
Jun 09, 2016 at 09:58
Hello fellow traders,
This has been a very busy pips making week for most of us,I guess-shorting GBPJPY and GBPNZD as I posted on Friday.I have just shorted both pairs again now.For GBPJPY my suggested TPs are 152.95,!50.98 and 148.77 God-willing. As for GBPNZD,TP are 2.01940 and 1.9890 id we have a strong 1 hr close below 2.01940 God-willing.I also shorted EURCAD heavily,but it seems to be setting up for a buy now.Still watching it but have closed all my short trades.
Happy trading!
This has been a very busy pips making week for most of us,I guess-shorting GBPJPY and GBPNZD as I posted on Friday.I have just shorted both pairs again now.For GBPJPY my suggested TPs are 152.95,!50.98 and 148.77 God-willing. As for GBPNZD,TP are 2.01940 and 1.9890 id we have a strong 1 hr close below 2.01940 God-willing.I also shorted EURCAD heavily,but it seems to be setting up for a buy now.Still watching it but have closed all my short trades.
Happy trading!
to turn humble investments into huge fortune with minimal risk ...
Jun 10, 2016 at 06:48
Fellow traders,
GBPCAD has a potential 400 pips downwards move,God-willing.I have short it now at the market price and one may also wait wait for a good pullback before entering with the first TP 1.8240 level God-willing.
GBPCAD has a potential 400 pips downwards move,God-willing.I have short it now at the market price and one may also wait wait for a good pullback before entering with the first TP 1.8240 level God-willing.
to turn humble investments into huge fortune with minimal risk ...
forex_trader_249603
Membre depuis May 13, 2015
posts 83
Jun 10, 2016 at 15:29
(édité Jun 10, 2016 at 15:31)
On Monday, I'm shorting NZD/USD. The gap will be closed... very strong opportunity
picture is from when NZD interest. (so not today). Instead of going down it made a gap to the upside. I was waiting for the top to form to short
picture is from when NZD interest. (so not today). Instead of going down it made a gap to the upside. I was waiting for the top to form to short
Jun 11, 2016 at 11:37
Hello HalleyFX and fellow traders,
I happen to be in GBPNZD trade before the news-Reserve Bank of New Zealand rate decision.I quickly put in a small lot size some 15 minutes before the news.It gaped down about 260 pips in my favor being a sell trade-to God is the praise.The news was positive and according to the market expectation.Overall NZD has been strong for a while now.
Consequently for NZDUSD pair we should expect a corresponding gap up and that was happened(as seen in chart Mr HalleyFX posted).Now that pair has been in a mild uptrend. With Thursday's strong daily close above 0.70528 level I anticipate a good pullback to a strong support say the gap created and with right formation of buy set-up around 0.7027-0.7040 level I would rather buy and aim i the long run but take profits along the way,God-willing.
My idea is not to short but long,God-willing.
I happen to be in GBPNZD trade before the news-Reserve Bank of New Zealand rate decision.I quickly put in a small lot size some 15 minutes before the news.It gaped down about 260 pips in my favor being a sell trade-to God is the praise.The news was positive and according to the market expectation.Overall NZD has been strong for a while now.
Consequently for NZDUSD pair we should expect a corresponding gap up and that was happened(as seen in chart Mr HalleyFX posted).Now that pair has been in a mild uptrend. With Thursday's strong daily close above 0.70528 level I anticipate a good pullback to a strong support say the gap created and with right formation of buy set-up around 0.7027-0.7040 level I would rather buy and aim i the long run but take profits along the way,God-willing.
My idea is not to short but long,God-willing.
to turn humble investments into huge fortune with minimal risk ...
forex_trader_249603
Membre depuis May 13, 2015
posts 83
Jun 11, 2016 at 13:37
mmafxbook posted:
Sorry for the omission from my comment above regarding NZDUSD and the typographical errors.In the long run I would aim TP 0.73866 level,God-willing.
Dear mmafxbook. I had a look a second ago. It looks the most of gap has been closed already. So I'm long now as well on nzd/usd.
Jun 14, 2016 at 07:42
Dear HalleyFX,thank you for your post.I suggest that we wait for a retest of the low 0.70302 level and see a rejection of price at that level and a confluence of proof that that support holds before going long or else till there occurs a strong candle close of say 1 hr candle above 0.70805 level before entering long God-willing.
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Jun 14, 2016 at 07:43
I believe one may go long on GBCAD with TP 1.7949 and GBPJPY and GBPNZD or wait till the CPI and CCPI news are out tomorrow Tuesday at 8.30 am GMT before entering the GBP pairs trade God-willing.
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Jun 14, 2016 at 07:43
On the GBP pairs,waiting till the above news are out tomorrow and the intermediate trend is clearer seems better to me except where the emerging technical outlook becomes clearer,God-willing.
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Jun 14, 2016 at 09:00
Friends,with CPI and CCPI news out now,the GBP pairs-GBPCAD,GBPNZD and particularly GBPJPY going further south is confirmed GOd-willing.I have shorted the three,GBPJPY with TP 148.80 and 146.22 God-willing.I had suggested TPS for the others too earlier.
Happy shorting!
Happy shorting!
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Jun 14, 2016 at 09:59
Dear traders,it is obvious that we have entered the NZDUSD buy too early,I am exiting it at SL 0.6881 God-willing if it continues falling as by then the risk-reward ratio would be less than 1:2. The price broke a 4H TF uptrend and has not found a good support to resume going North yet.
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Jun 14, 2016 at 13:56
Hello traders,I have just taken time to do a detailed technical analysis of the NZDUSD pair top-down,God-willing.My final take o the pair is that it is HIGHLY LIKELY that it will finally rally to 0.73866,God-willing though the pair is in a downtrend in the long run.However,should there be a strong close of at least 1 hr candle below 0.6664 level,long positions should all be closed.
I mostly trade the GBP paits and EURO pairs as they are more volatile and I love volatile and strongly trending markets. I have only taken a low lot size trade-a buy as I do not like to suggest trades that I do not take myself.
Wishing you all the very best.
I mostly trade the GBP paits and EURO pairs as they are more volatile and I love volatile and strongly trending markets. I have only taken a low lot size trade-a buy as I do not like to suggest trades that I do not take myself.
Wishing you all the very best.
to turn humble investments into huge fortune with minimal risk ...
Jun 15, 2016 at 06:50
Dear Traders,it seems NZDUSD has finally found a support at close to thr 200 SMA (I hr time frame) with a doji formed here too after testing the low.Also it has found support at fib extension 261.I am waiting for further confirmation of readiness to resume the up-trend,God-willing.
to turn humble investments into huge fortune with minimal risk ...
Jun 15, 2016 at 07:04
Good morning fellow traders,my much awaited confirmation of the resumption of the intermediate up-trend on the NZDUSD pair is emerging.I expect the pair to trade downwards again without strong close of 1 hr candle below 0.6955 level and trade higher above 0.69960 with a strong close above that level<God-willing. It may then subsequently rally up strongly and goes on,God-willing.
However,should price trade lower again after a strong close above 0.69960 but not close below 0.6955 level God-willing a second time,the next price rallies and close strongly above the latest high (above 0.69960) my bias would be fully long,God-willing.Just to share my thoughts and wish you all a grade trading day ahead.
Happy trading!
However,should price trade lower again after a strong close above 0.69960 but not close below 0.6955 level God-willing a second time,the next price rallies and close strongly above the latest high (above 0.69960) my bias would be fully long,God-willing.Just to share my thoughts and wish you all a grade trading day ahead.
Happy trading!
to turn humble investments into huge fortune with minimal risk ...
Jun 15, 2016 at 07:04
Hello traders,should anyone be wondering the reason I begin to follow up the NZDUSD pair so strongly,despite the fact that it is not one of my favorite trading pairs.I basically have two reasons for given the pair this much attention in the resent times.
One reason is to show solidarity with our friends that are eyeing it for some trading opportunities.I wanted to show my concern for their trading interests.
My second reason is because the pair correlates negatively well with one of my most favorite trading pairs GBPNZD-over 60% in the last 1 hr,1 day,1 week(79% precisely),1 month (96% as a fact),3 months,6 months and and even 1 year!Meaning that at the right time and place when I go long in one I could be shorting the other!It is a great trading technique when combined with other tools,God-willing. See https://www.oanda.com/forex-trading/analysis/currency-correlation
Happy trading!
One reason is to show solidarity with our friends that are eyeing it for some trading opportunities.I wanted to show my concern for their trading interests.
My second reason is because the pair correlates negatively well with one of my most favorite trading pairs GBPNZD-over 60% in the last 1 hr,1 day,1 week(79% precisely),1 month (96% as a fact),3 months,6 months and and even 1 year!Meaning that at the right time and place when I go long in one I could be shorting the other!It is a great trading technique when combined with other tools,God-willing. See https://www.oanda.com/forex-trading/analysis/currency-correlation
Happy trading!
to turn humble investments into huge fortune with minimal risk ...
