This pair is rodeo riding. I find the S/R areas very vulnerable to getting stop out. 30-40 pips SL is more like a pit-stop...

GBPNZD trading calls

Rocket Fuel from NZD Trade and Italy Business Confidence steam up.....wohoo

GBPNZD trading calls

2 "predictable" crosses on the Kijun line. Hope traders took their chances....I did

Ichimoku King System

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Ichimoku King System

For trending days, the charts are obvious with TK line. It's no brainer, trade according to price action. GBP is stalling just below 1.95. High probability of trend change, however, those with deep pockets may make it work the other way.

Ichimoku King System

I found out that Kijun Sen (Blue Line) is very useful during sideway days. It acts as a price equilibrium for intra-day trade. Price fluctuates across it. Just need to know where are the Supply n Demand Zones and that will reap you some decent pips.

Ichimoku King System

Currently price trying to find some fuels to pump up above 2.28. With Eur waiting for clarity from Greece outcome, good to stay with the sterling. Let's wait for NZD Trade Balance results....

GBPNZD trading calls

Wait for the bounce........

GBPNZD trading calls

Did someone wrongly pressed the panic button?

GBPNZD trading calls

Good divergence for a short. Looking at possible downward mirror image to 2.1450 - 2.1550. Otherwise market might push back to 2.16 level for surprises!!!!

GBPNZD trading calls

Nice move up......done with my pips......nights for now

GBPNZD trading calls

Took me out the first time. Now I am in with the ride again.

GBPNZD trading calls

New buy entry. Let's see if the upward move will take out all the shorts from 2.155 down.

GBPNZD trading calls

Tactical play by MM to take out shorts via Eur Retail PMI. Price looked to stay above 2.15 today.

GBPNZD trading calls

Good bounce from RSI divergence.

GBPNZD trading calls

Hi MJ, thanks for the reply on that. I understand the limitations to the offline charts . RSI was the next best thing that I could use. And I appreciate your recommendations on the tick volume indicator and EMA. I will continue to follow this ...

PVSRA (Price, Volume, S&R Analysis)

Can I view this as market taking out shorts? (pink region)

PVSRA (Price, Volume, S&R Analysis)

A closer look at the chart. Price just broke the resistance.

PVSRA (Price, Volume, S&R Analysis)

In about an hours time, the GBP will have the news on 2nd Qtr q/q estimate. So I am expecting the price to enter the support zone (2 parallel lines) basing on the forecast to be weaker than expected. As you can see that the red arrow was the point ...

PVSRA (Price, Volume, S&R Analysis)

Hi MJ, thanks for the welcome. I am using constant range bar. It's to pick the consolidation areas (hopefully). For this chart, volume indicator cannot work on it so I am dependent a lot on the SR areas.

PVSRA (Price, Volume, S&R Analysis)