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- mjrsaunders replied Mar 2, 2016
I'm short the GBPUSD based on 5-minute reversal price action near the round level of 1.4 in confluence with yesterday's trendline. Mike EDIT: out for roughly breakeven, pity it didn't go quite as far as my target.
- mjrsaunders replied Mar 2, 2016
I'm looking at an interesting short opportunity on the USDJPY, however I'm exercising caution as the price has broken back inside the bounds of the prevailing down-channel. 114.864 or thereabouts appears to be the optimal level to short when looking ...
- mjrsaunders replied Mar 2, 2016
G'day cTrader support, First off, I'd like to thank you for your team's attitude towards users. It's nice to see multiple modes of feedback, and it's even more pleasing to see many of those suggestions implemented. I have noticed a strange issue ...
- mjrsaunders replied Feb 29, 2016
Clean break below the 50% fib level and channel. I'm switching to a cautious approach on the EURUSD from now on. I'll still take long trades if they fit enough criteria, but a downside continuation would appear to be on the books for the early part ...
- mjrsaunders replied Feb 24, 2016
I still haven't entered long on the EURUSD, but the value is getting better and better. The price is edging closer to the magic 50% fibonacci level in confluence with the prevailing trend. I've been seeing better entries on other pairs, but as soon ...
- mjrsaunders replied Feb 23, 2016
Potential short trade opportunity on the USDJPY opening up. 15-minute price action looking to close as a reversal candle, right below the intersect between two channels and still below the 61.8 fibonacci level. Mike
- mjrsaunders replied Feb 23, 2016
I didn't end up taking the long on the EURUSD last night and instead opted to short the USDJPY (mostly to dodge the EUR and GBP given yesterday's drama). I'm seeing great value in the EURUSD now for long positions, particularly at the 50% fibonacci ...
- mjrsaunders replied Feb 22, 2016
Planning a long trade on the EURUSD, based on the 61.8% fibonacci level in confluence with 1.105 and a flip zone created by a previous high. Mike image
- mjrsaunders replied Feb 22, 2016
Quick post on the GBPUSD. This is obviously likely to be the highest volatility pair today. My main guiding channel (green) has been properly broken to the downside now, but the price has fallen very far and we're being offered pretty great value ...
- mjrsaunders replied Feb 18, 2016
Finally! My patience pays off... I could've held for longer but I'm tired and feeling very much ready to call it a night. +48.4 pips. Very content with my resolve to hold this one. Mike image
- mjrsaunders replied Feb 18, 2016
Bit of a mentally tiring trade on the GBPUSD at the moment... Decided to go for more than the usual 25 pip target given the price's position at the top of the current channel and the obvious supply and demand imbalance. I could've taken 35 pips of ...
- mjrsaunders replied Feb 16, 2016
Follow-up to the USDCHF chart from the other day. The price has reacted very nicely to the base of the red channel. It's now looking at a re-test of the green trendline. 4-hourly price action certainly looks to me like we'll see an at least small ...
- mjrsaunders replied Feb 12, 2016
Finally, the USDCHF looks very set for a technical long position from the daily chart. Last night would've once again proffered better entries but it still certainly looks like an upside move is imminent. Note that the retail sales data may allow an ...
- mjrsaunders replied Feb 12, 2016
The USDCAD will be a great pair to watch today. The downside channel has been very much broken however take good notice of the area circled in blue. The price didn't make a whole lot of ground on the upside relative to its previous highs and showed ...
- mjrsaunders replied Feb 12, 2016
Depending on how the hourly price action winds up there could also be a very excellent short opportunity on the GBPUSD soon. The channel is a bit loose (price action has stuck to it but blown out either side quite frequently) but the confluence of a ...
- mjrsaunders replied Feb 12, 2016
It's such a shame I wasn't able to trade yesterday - the EURUSD has finally hit the top of my upwards channel. I'll still look for shorts from round levels if there is another move to the upside, but the ideal entry really would've been at 1.3650 ...
- mjrsaunders replied Feb 10, 2016
First trade of the night was a short on the GBPUSD. Took 23.2 pips right before the Fed decided to hint at future rate hikes in 2016, driving the price further down. The USD will be looking very strong until this news is fully priced in. I'm going ...
- mjrsaunders replied Feb 10, 2016
Ended up with a pretty up and down day yesterday, took a few hits and finished off with a big short on the GBPUSD from 1.450. It worked rather nicely... (+25 pips) I ended up a bit over break even. The EURUSD is reacting to a round level at the ...
- mjrsaunders replied Feb 9, 2016
I'm in long on the GBPUSD from 1.440. Entered without confirmation on the round level as it has confluence with both a 15-minute demand zone and upward channel. The trade correlates inversely with the USDCAD, which is sitting at an equally important ...
- mjrsaunders replied Feb 9, 2016
Likewise, the GBPUSD has respected the downside of yesterday's channel and is now pushing into higher territory. I'm planning a short position around 1.450. Mike