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- 54 Results (53 Replies, 1 Comments)
- mnaqvi replied Aug 15, 2017
Strong on what time frame? Looks like your definition of "lately" is since the last NFP. Have you taken a look at the USDX daily chart? All pairs have been strengthening against the USD in the medium term. This generalized weakening of the USD was ...
USD/JPY Discussion
- mnaqvi replied Aug 15, 2017
Of course. It was an opinion based on what happened in June and current fundamentals, not a foregone conclusion. In my opinion, the USD bull move won't start until FED sentiment becomes more hawkish than it currently is. The USD is in a state of ...
USD/JPY Discussion
- mnaqvi replied Aug 15, 2017
No I meant a double bottom formed by the current daily downtrend. That's why I mentioned June.
USD/JPY Discussion
- mnaqvi replied Aug 15, 2017
Ah I see. So basically trade the middle and exit (or stay out) at major levels to see how price reacts. Will definitely incorporate this way of thinking into my strategy. Thx for the explanation bro.
AUD/USD
- mnaqvi replied Aug 15, 2017
Thx for the tip. I've been anticipating bounces by buying/selling at what I think may be strong levels before price action. I feel like that puts me in an advantageous position with tighter stops and the ability to get out quick with minimal loss if ...
AUD/USD
- mnaqvi replied Aug 15, 2017
Good idea. IMO, .78 is going to be a strong level with a likely visit back to .80 area before going any lower.
AUD/USD
- mnaqvi replied Aug 15, 2017
My opinion is that we are going to see at least a double bottom at 109 area (just like June) before we go back to 114. UJ has been adhering well to historical price movements the past couple months.
USD/JPY Discussion
- mnaqvi replied Aug 15, 2017
Damn should've held my previous long, I didn't realize 110 would break so easily.
USD/JPY Discussion
- mnaqvi replied Aug 15, 2017
damn what a mega correction. previous touch of 108.8 in June led to a bull run to 111.4.
USD/JPY Discussion
- mnaqvi replied Aug 10, 2017
there are three major down trend lines that the bulls will have to break. still holding my short for now. potential head and shoulders setting up on the hourly/15min.
AUD/USD
- mnaqvi replied Aug 9, 2017
Yeah I think I'm with you on this one. It looks like it's going to test the daily trend line. Best of luck bro.
AUD/USD
- mnaqvi replied Aug 9, 2017
Opened short at .79077, targeting .78234 area. Anyone else thinking along the same lines as far as target area?
AUD/USD
- mnaqvi replied Apr 9, 2014
Hehe thx, it seems that the market has given me enough room so far to feel comfortable about this position. I'm assuming your bias is long as well? Are you targeting the highs from last year?
USD/JPY Discussion
- mnaqvi replied Apr 9, 2014
Can never know for sure, but my bias is long on this pair. FOMC meeting gave the dollar a boost and Im willing to bet the minutes will also boost this pair. However, risk first and profit second - im long from 101.699 and am ready to abandon ship at ...
USD/JPY Discussion
- mnaqvi replied Apr 8, 2014
Hey guys, FOMC meeting minutes tomorrow. The last meeting boosted the dollar so there is a strong likelihood the minutes may also have the same effect. Be careful if youre selling USD...
USD/JPY Discussion
- mnaqvi commented Jan 30, 2014
Or the big players are still in the "distribution" phase. This is a risky line of thinking on a very bearish pair. Remember what happened last week, RBA member can make one statement and this pair comes crashing down. Good luck trading.
RBA Financial Aggregates December 2013
- mnaqvi replied Jan 17, 2014
H4 chart shows a break of a DeMark Trendline so I'm looking for a retest of the major weekly support turned resistance. But yeah trend is down so I'm using a very small order size.
AUD/USD