infofirst:
I zoom to the weekly for the same Ej and it's even another upside target to like 127...... Can you check that too and show us.

This is my view of EURJPY.
Those black lines are fibonacci retracement levels of that last bearish leg down.
I think we are correcting towards that trendline.
We could retest the trendline
50% retracement level is126.70
61.8% retracement level is 129.10

We could go as high as that.
Before we see probably another sell off for months.

Confirmation for the sell off can also be this strategy. .. That's if this upward correction to that trendline also forms a defined trendline. We just sell at the break. But it's not time to think sell. The correction is clearer on the weekly and can also get a trendline depending on how it forms.


EURJPY should continue correcting upwards.
That doesn't mean we won't see down movements.

Karleb:


Not to counter you bros.

I am of the opinion that GBP/JPY will go back to the 146/7 zone before going else where, I consider the zone a resistant zone.

The trend is still bullish, even friday's candle which closed with a long wick/shadow is still a bullish candle.

.. Far from it. We Learn from each other.

PipMarshall:

Finally.
The AUDCAD trade I posted here this week.

Thank you boss

@ pipmarsham, you don open my eyes to another one of.

Trading is not about predicting market direction its about entering at a position where you can risk less to be rewarded more

PipMarshall:

You could just filter based on RRR.
The ones with optimal RRR, you can enter.

I hope someone got it.

That was Eye opening.


One.of the strategy I intend to use is the breakout of trendline followed by retest, your additional trendline just takes it to the next level.

Simple! The most important thing is for your mind to remain on the winning side, even after all the analysis and calculation. Trading could be mentally hard though. If you are new to this and you keep pushing everyday to learn and earn at same time. Kudos!

wiconse:
Trading is not about predicting market direction its about entering at a position where you can risk less to be rewarded more

Quote of the week



"Trading is a journey, losses & wins go hand-in-hand. Losing doesn’t mean you failed any more than a winning means you succeeded. It’s the long term that matters.

Just because you‘re not yet succeeding at trading yet doesn’t mean it won’t happen, it’s a journey that takes years."

NzdUsd.

Will take this shot... I pray the market favours my short signal

bojbest:
NzdUsd.

Will take this shot... I pray the market favours my short signal

I've sold at this level,
the zone is also a resistance,
there r even many touches in a weekly tf,
Bearish pin bar as well. I hope it sells because I've fulfilled my principles b4 opening d trade.
SL above d pin bar

Yes�


China temporarily suspends additional tariffs of either 10% or 5% on certain US goods scheduled to take effect on Dec 15:

I reckon USD pairs will shoot up? And Gold down?

hotforex site is not opening frm my end oo ... why..

djwalata:

I've sold at this level,
the zone is also a resistance,
there r even many touches in a weekly tf,
Bearish pin bar as well. I hope it sells because I've fulfilled my principles b4 opening d trade.
SL above d pin bar

Same stoploss. But I’ve not found my entry yet.

Still searching, will let you know when I’ve a position.

These are the 2 scenarios for either the bull or the bears, for me I'm definitely still on the buy as I'm up in quite some good profits of about 120pips,so I'd worse case scenario be stopped out at entry and move to the next setup. I still feel the general retail sentiment is sell, the market makers want to eat you. But then it's my opine.

saxy4c:
Gold has one barrier to face at 1464 down before it can go to 1420, if you want a good RRR trade again buy at 1464 sl 1459 tp 1500!

guys how do you see nzd/cad i feel bullish but please i would like to hear ur opinions

Edd1e:
Welcome to the year 2019.
May this year be a pipful and bountiful year to us all.
Happy pipping..

hi op

pls can you recommend a broker for me

I want to go live. I've been on demo using fxchoice and xm for. a while now\

thanks

solitytv123:
guys how do you see nzd/cad i feel bullish but please i would like to hear ur opinions

We share same bias, bullish on NZDUSD and NZDCAD, but best u wait for confirmation on daily, as it appears to be on a pullback. My Opinion.

Stay close.

Will come back to reply my mentions when I am free.

But heads up to all of us shorting NZDUSD.
I am looking to short it too.
I wish us well.

But at 0.6430... Pip Marshall's buy limit order awaits NZDUSD.

I am not saying I will be right to buy.

I am just saying if the short goes our way, you must ensure you know what you are doing if you want to keep holding your short when price reaches there.

Maybe when I have time. I put the charts here.

NU is still around entry point after our SL survived the elections, all time frames I trade support this sell so i wont be closing the trade soon and we have a reasonable SL of only 60pips. Have a great week ahead as active trading comes to a slow wind down for the year this week. I'd be looking to sell more if price retraces up a bit but sticking to my sl level.

A good way we could enter again for sell is wait for the trendline on the 4H to be broken then retested and place your sl 20 pips above the last high.Good RRR.

saxy4c:

Sorry we missed some opportunities, slept early this morning.
Sell Nzdusd 0.6590 SL 0.6650
TP 0.6425

@Earthsync do look through the charts I've just posted, I think they are pretty good examples of how to draw trendlines and finding Supports and Resistance. But going through your posts, please also get some simple study on the below pointed out in my response to you. Your questions show that you really need to learn the most basics in this trading journey first.

saxy4c:

I will teach you how to draw trendlines as well as support and resistance.
Do the course, to learn the basics like entering trades and position sizing,then start PAPER TRADING [that is demo account], then start to take note of what happens in your trades.

NZDCAD looks like a nice sell to me, bringing up charts soon. The RRR looks amazing from this level but then its probabilities eventually. One other reason that gives credibility to the setup is the heavy divergence I see on the daily and high pressure to retest the last broken downtrend line. This is the trade I'm entering now.

NZDCAD sell here @ 0.8700
SL : 0.8745
TP about the same 300pips we caught on earlier buy according to the chart but now at resistance. I like to always sell resistance at first touch especially at higher tf.

solitytv123:
guys how do you see nzd/cad i feel bullish but please i would like to hear ur opinions

GBPAUD is at a great spot for a sell, you remember the reason we took the Gold sell at 1486, exact same parameters I'm selling here.

GBPAUD sell here 9403
Sl 9463
TP OPEN

Finally I'm buying EURNZD 1.6870 sl 1.6820 TP is around 1.7200. This supports my NU sell and also considering the RRR from here with the inverse scenarios on the NZDUSD trade. Have a pipful week ahead. Taking a power nap now.

Trade got to 105pips profits but has now hit our entry at BE. Going to sell here again at 8510 sl 8560 tp 8210.

saxy4c:
Nasdaq sell 8480
Sl 8540
Tp 8300

Good to have you on here. Dive on in to some good profiting while you gather more knowledge. Cheers!

kalu61:
Good to find thing group. l have read quit a lot. l just started trading after some months of training and its being a good experience

Eurchf looks a good buy @ 0947 tp 1070

PipMarshall:
A lot to post here when I am free but let's see how this goes for me.

NZDUSD.

Pip Marshall is entering a sell limit order at 0.6600

Stop loss 60 pips above entry order.



Take profit.. 0.6430..

Trade is active.

Eyes on Usdcad. Price is at its retracements and I think the bulls are going to beat the bears... Still watching. Will let you know when I've got a position

Would add another sell here at 9453 and sl for both at 9503.

saxy4c:
GBPAUD is at a great spot for a sell, you remember the reason we took the Gold sell at 1486, exact same parameters I'm selling here.

GBPAUD sell here 9403
Sl 9463
TP OPEN

walexy100:
Eurchf looks a good buy @ 0947 tp 1070

I have a sell limit order at 1.1220.

That's about 270 pips above the current market price.

It should reach at least 1.1200 psychological level.
So I may adjust my sell limit order.

Not buying though but will sell above as planned.

saxy4c:
NU is still around entry point after our SL survived the elections, all time frames I trade support this sell so i wont be closing the trade soon and we have a reasonable SL of only 60pips. Have a great week ahead as active trading comes to a slow wind down for the year this week. I'd be looking to sell more if price retraces up a bit but sticking to my sl level.

A good way we could enter again for sell is wait for the trendline on the 4H to be broken then retested and place your sl 20 pips above the last high.Good RRR.




@Earthsync do look through the charts I've just posted, I think they are pretty good examples of how to draw trendlines and finding Supports and Resistance. But going through your posts, please also get some simple study on the below pointed out in my response to you. Your questions show that you really need to learn the most basics in this trading journey first.

Thanks I'm doing my studies already. With time I'd get the whole thing.