USD/CAD Long and short positionU.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures, Stocks and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
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Position
PERFECT TIME TO ENTER THE $XRP MARKET -- HOLD RIPPLE!!Formation of the XABCD pattern and candlestick consolidation leads me to believe that this is an ideal time to enter the market. With additional institutional applications of Ripple emerging every day, I think volume will start to increase and drive up the price.
Is it time to buy AUDUSD? Hey Everyone!
Let's see a scenario for AUDUSD LONG.
Very strong support/resistance @0.745 - white line
An upward movement for 7+ days
A valid trendline that holds the price
Now, even if we have these good points we can't just look at the long side. I will only take this position once the price hits the 0.746 or even a bit higher.
The safest place to enter is above the green line at around 0.7475
I will update you as soon as a trade is taken on this pair.
USD / CAD Short longterm Last friday we had a nice push down. Many of traders believed that this is it! It's time to go short on USD/CAD.
I believe that there are two scenarios here.
1. Price will continue up and it's not end for uptrend yet.
2. Price will move up into stop-loss area to take out those and only then we will see fall.
Usually what we can see is that price goes often under/over last highs/lows to take out stop-loss orders before reversal.
GBPJPY Short 4h chartWe might see another opportunity to go short on the GBPJPY now. Will be playing with a rather huge stop loss now due to the fact that I want to give the price room to move. Whats signaling down is the EMA 200 still showing downtrend, the price is close to both a resistance, fibonacci 50 and the top of the channel. RSI doesn't have tons of room to move. The pair also retraces an average of 162.44 pips up before descending again. We're currently at 143 pips retracement.
Open position:
Opened at: 138.34
Stoploss at: 140
Take profit at: 130
Risk/Reward: 5.02
Orders:
Order 1
Execute at: 138.8
Stoploss at: 140
Take profit at: 130
Risk/Reward: 7.5
Order 2
Execute at: 139.3
Stoploss at: 140
Take profit at: 130
Risk/Reward: 13.29
GBPUSD 4 Hr Chart With the triggering of Article 50 markets have already priced in the risk and the GBP is gaining strength as the preferred currency, the pound is strengthening against the euro and the dollar, from the recent up swing i expect a retrace to the 0.236 fib and then continuation up to resistance at 1.27
EUR/AUD Long Position 4H Strategy - V.SimpleThis current LONG order is based off my 4H trend following strategy. I use the 40MA as a support barrier and LONG orders can only be made when 40MA is above 120MA.
Trade entered at the end of 4H close (17:00 GMT+1).
SL will be move to entry (£0.00 loss if hit) after 4 x 4H candles (16H) if price is above, otherwise I will take the full loss.
Second SL move will be move to the bottom of a candle that has crossed back below the 40MA.
Profit will be taken if price continues to hit moved SL otherwise the above action will be repeated until SL is hit as shown on previous trade (13/10 10:00 GMT+1)
Please follow for education purpose only, Comments are appreciated and can help develop this strategy
AUDUSD - Trading with the trendDaily timeframe. Rebound from the 3 year down trendline. Waiting for a breakdown of the countertrend line and support. Stop placed above the previous price action high and long term down trendline. Target is the next support level and previous low. With potential further targets at 0.7351 and 0.7179.