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- Braincells replied Jan 6, 2016
I think a reversal might be coming, the uptrend on the weekly timeframe is still intact and this entry point provides a pretty good risk:reward ratio, if you are a longer term trader like me (I only make a couple of trades a year, I've been waiting ...
- Braincells replied Sep 3, 2013
Did anyone else notice that the pattern looks like a tilted diamond pattern? I'd be careful to buy U/J as I've seen many fake brake out with that pattern.. I am currently S with a TP ~93 (.31 fib from PY low to CY high) that may be modified due to ...
- Braincells replied Apr 13, 2013
It looks like many of you are shorting the kiwi right now ; what does make you think that we 've reached the top ? It broke its previous high and may continue rising to the .89 area... boj is printing a lot of money and we could see large inflow of ...
- Braincells replied Apr 7, 2013
I agree... if the price goes above the tenkan @ 1.0424... we may easily have a re-test of the 1.0485-1.0495 area.. then we will need to see if it does a triple top reversal or a breakout to 1.0570-1.0585 or above... image
- Braincells replied Mar 17, 2013
Not only 1.50 is a psychological support, but it is also where the tenkan-sen (ichimoku) is right now. A break of that level should be very bearish.
- Braincells replied Mar 7, 2013
I think that shorting U/J right now with a very tight stop may be a very good risk/reward play; risking about 20 pips for a potential 150 to 250 pips (retracement to 93.50 and maybe around 92.50 close to the cloud on a daily chart).. big boys have ...
- Braincells replied Mar 6, 2013
This trade seems to be high risk, low reward (risking 100 pips to make 50 pips + going counter trend); specially before monetary policy statement from the BOJ coming shortly.. I may think about adding to my long position on a pullback with a SL ...
- Braincells replied Feb 27, 2013
Entry order buy @ 92.71 -Daily high of 92.658 -Tenkan: 92.662 -Kijun: 92.662 image
- Braincells replied Jan 21, 2013
What do you guys think about that possibility? Third wave of current pattern is about 200 points; 1st wave is about 150 points and 5th wave is currently 143 points; knowing that 3 wave is generally the longest this area seems to be good risk-reward ...
- Braincells replied Dec 20, 2012
Agreed. channel on 4h chart still intact. My SL is currently at .0430 but with the recent spikes I am not sure if it's good or not
- Braincells replied Nov 7, 2012
While everyone is focusing on EURUSD; what about EURJPY? Seems to be a good entry point. Bounced off fib 61.8 & is around downtrend support + ECB speech tomorrow morning probably pumping the EUR; I see good R/R here image
- Braincells replied Nov 3, 2012
Or another option: do not use stop loss but don't use more than 3-4x leverage, it works as well if you can monitor your trade. You're hooked $1K for 200 pips, which means 10 lots.. with only $2K in equity = 25x... that's way to much leverage (and I ...
- Braincells replied Oct 30, 2012
Here's what I'm seeing — Bias for upside: 1) Uptrend support more aggressive than downward resistance; 2) Most of the time the trend resumes on the same side from where it entered the diamond pattern PS - no comment on my artistic talent ...
- Braincells replied Oct 30, 2012
Diamond pattern? — No action on this board! On a 2-hour chart, it looks like NZDUSD is forming a diamond pattern; a breakout could bring us up close to .83; very good risk/reward, anyone else agree? Obv I can't post chart yet :/
- Braincells replied Oct 8, 2012
Personally I am waiting to open a Short position at .0243 (downward support of previous channel that acted as a resistance on the recent pullback). Earnings season is kicking off tomorrow with Alcoa; USD may rally big times if earnings no not meet ...
- Braincells replied Oct 8, 2012
Agreed. Ain't cool enough yet to post charts (as this is my first post on FF) but we are currently on the downward support - closed my short. Will re-consider going short around .6094 which is 38.2 retracement & close to what seems to be a pivot ...
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