wamiikechukwu:


oh am not talking about these ones am talking about the indicator that's shows supply zones and demand zone popularly called supdem.

wamiikechukwu:


oh am not talking about these ones am talking about the indicator that's shows supply zones and demand zone popularly called supdem.

JLINE:

leave the trade and use good stop (large stop maybe if you have the patience or if closed leave it closed),you might thank me later. cad is going weak...nzdcad will hit sell botton today.
first chart is daily,you can easily spot the supply zone on the daily chart there... .95193 and .95285 are to be watched here,will prefer price hitting .95285 though not expecting price to close above at least not now or this week.
second chart is 4hr tf with price coming to the 750 level at .95263 which is just 2pips diff from the daily supply zone...but here the norm and the mid is valid which is also above those previous price level,so the task is to wait and watch for the reactions of price.
Happy trading!

priceaction:

Have it, the best of the best....it is a stand alone indicator that can do wonders if you know how.

wamiikechukwu:
Following a sharp reversal on Thursday, the AUD/USD pair staged a tepid recovery bounce and is currently trading at session high near 0.7635 region.

Despite of a broad based greenback strength, as measured by the overall US Dollar Index, the pair's recovery on Friday could be termed as a technical bounce following Thursday's steep losses led by disappointing Australian jobs report, which reaffirmed RBA concerns of weaker labor market conditions and downward surprise in inflation.

Hence, investors would now focus on the upcoming release of Australian CPI print for Q3, due next week, which if disappoints would increase probability of further monetary easing by RBA and attract fresh selling pressure around the AUD/USD major.

In absence of any major market-moving releases on Friday, the pair could continue taking clues from the broader sentiment surrounding the greenback and the overall market risk sentiment.

Technical levels to watch

From current levels, a follow through buying interest seems to lift the pair beyond 0.7650 towards 0.7665 horizontal resistance, which is closely followed by another strong hurdle near 0.7685 region. On the downside, sustained weakness below 0.7620 support is likely to drag the pair below 0.7600 handle towards its next support near 0.7580 region.

fxbomovi:

This is the summary of this post.

DCTrendy:
I have been trading for 9 years, and from experience, to me, i am not looking for any signal now.

It ll be hard to find a 100-200pips buy or sell signal at this time, this is because of the US election, the huge funds re not really traded at this time. And I wont expect any until after the election result is announced.

This is why i deployed my sideway trading system, take a look below.

Cheers.
DC

Pipsbasketing:
Forex Pipsbasketing Professionalism Agenda: A Year Declared Freedom in the FOREX Business

Basket was closed last Wednesday.

Moved on to a more reliable and highly regulated broker that provides 33:1 leverage (of course, with a bigger trading capital due to low leverage provision and the stated agenda)

Basket loading up gradually and currently with cumulative 178.00 pips.


Forex business is the sweetest
No Forex business, No other business

shorty002:
Sold aud/Nzd at 1.0695. My Stoploss is 100 pips. But if it close above 1.0697 I MAY close it.

mrikay:


How will less leverage affect your lots sizes?

Pipsbasketing:
Forex Pipsbasketing Professionalism Agenda: A Year Declared Freedom in the FOREX Business
Basket was closed last Wednesday.
Moved on to a more reliable and highly regulated broker that provides 33:1 leverage (of course, with a bigger trading capital due to low leverage provision and the stated agenda)
Basket loading up gradually and currently with cumulative 178.00 pips.

Forex business is the sweetest
No Forex business, No other business

teemy:
@DCtrendy, how long have you been trading your sideways system?

mrikay:


Everything is GREEN!

currentprice:
morning my people,,,,, house too dull

okay my trade for today is GBP.NZD BUY,,,, looking to take the trade at the close of the currentprice (11am) candle with SL 10pips below yesterday low

^{this current candle will determine the trade}

_{^{readmy siggy first before follow chop today menu}}

currentprice:


if you are the daily trader type. food is ready, you can follow me chop

just bought gbp.nzd at 1.7010 SL at today low which is going to be (60pips)

Tp add little pips to that Sl pips or if you want to risk further,,,after 70pips just move the SL to safe-heaven

_{^{readmy siggy first before follow chop today menu}}

currentprice:
i have another trade to take by 5pm so

I have closed my daily GBP.NZD trade with 70 pips gain

chai!!! assuming at 0.1lot size of $1 per pip.... to get same value gain that is 700pips of pipsbasketting

^{na joke ooo, don't get me wrong,,,pipsbasketing still the best with good MM.}

mrikay:


Oga... Good to have you back