Intra-day signal

USDJPY

SELL STOP: 89.73
STOP LOSS: 90.23
TARGET : 89.00 (Pending order removed at 17gmt)


USDCAD

BUY STOP: 1.0608
STOPLOSS: 1.0558
TARGET: 1.0708


NZDUSD

SELL STOP: 0.7087
STOPLOSS: 0.7137
TARGET: 0.7007 (Pending order removed at 17gmt)

Free signals

This blog will be dedicated in posting free signals. some will have chart explanations while others will not.

the signals will come in two variants

Intraday: the signals will only be valid for 24hrs, only after which it remain valid if not triggered and also will close out at either profit or loss

swing: the signal will remain vaild as long as stop or targets are not met

thanks

eurjpy seems ready to rally

Daily: price has been trading inside large consolidation and presently at the support of the consolidation. we will assume that if support holds then price will rally

1hr: if support holds as expected, then we can trade with the emerging bull trend by waiting for price to break the trendline, take out the previous Higher low, to form a high, this will confirm the begining of the bull trend and a retest of the trendline to form a bullish crown.

we will update as price action waves

GCHF trade update

MKT filled me and am +71pips up. nice trade

EURJPY _ 5-0 ANTICIPATION TRADE

Eurjpy is again at R. we had 5-0 almost completed. C-Max achieved, and we knew that price might likely hit the buy area to complete the pattern for buy entry,

15M TF: gave a good reason to sell from R in the bearish gartley.

NZDJPY: BEARISH TRADE

The daily points at bearish move:

1. ab=cd

2. Bearish divergence

3. Pin bar at R

entry:

price rejection at 61.8, trendline + support turning into resistance

MKT OPEN: GCHF UPDATE

market gapped down considerably with 47pips. that's a good bearish sign, well, mkt might close up the gap before diving.................

sell limit still valid

GCHF SHORT SIGNAL

GBPCHF ANALYSIS

Daily: we had a gartley signal which indicates trend continuation, also had ab=cd1.618 and now price is at 38.2 of the present swing with weekly R.

4HR: events unfolding on this time frame is very nice and . looking at the chart, we can clearly see how two patterns converge at same point. having bearish Butterfly and Bat at the same place indicates possible price projection

presently, price bull have scored a point(creating a HH) with Long time TL and R acting as resistance............ that could be B retracement for the patterns in question and also an indication of possible Bull crown.

UJ Possible BAT at resistance

The daily bearish channel in UJ is intact and dictating the trend nicely. price hitting the bottom channel with those tweezers signalled bullish move and the break of the inner TL confirmed the bullish run.

the 4hr gave a crown entry earlier and the tgt of the crown will signal a bearish BAT setup. even if price doesnt get to 92.0 before retracing, the bounce of the TL around support shd give bullish entry.

IS NZDUSD READY FOR A 200PIPS DROP?

Daily TF: Divergence spotted on daily TF around R. this tells me a possible bearish run to next support as indicated on the chart.



1hr TF: Bullish channel broken with the next low taken out, this confirm my shift in bias to bear, tentatively on this pair............... we watch out for a retracement to the back of the TL and short to the daily support line.

price might form a bearish crown or might just drop. but i will wait for a pull back

nice aussie run

another nice catch!
1-2-3 break out strat

eurjpy trade UPdate

was a lost trade............. -55pips!

here is a trade i post in another forum http://www.forexfactory.com/showpost.php?p=3143321&postcount=1754

Not too well to trade but will post if i see any good setup

eurjpy short

Sequel to the earlier post on eurjpy, eurjpy hit the Price potential zone and turning. i waited to get in from 15m TF to get better R:R

http://i35.tinypic.com/jrxz6p.gif

eurgbp 123 trade

tgt1 already hit, waiting for tgt 2 to be hit

123 break-out strategy update for today

UCAD +80PIPS
EURGBP (1st trade) +30pips
GU +35pips
eurgbp (2nd trade) +22pips............... two-third still running

Update on trade call

123 break out strategy hit its tgt................ +35pips

123 break-out strategy

first trade of today, GBPUSD short:

CADJPY : POSSIBLE POSITION TRADE TO COME

Price have been playing ping pong on weekly time frame(lol), bouncing off resistance(88.86) and support at (80.55).

price have been trending nicely down from the resistance off a bearish channel on 4hr TF, we could see that price has already broken out of the channel, creating a higher high, showing a bullish intention.

we expect a bull back. am expecting pull back down to 84.15 because of the following reason.

1. back of a bearish TL
2. 32.8/61.8 fib convergence
3. 4HR TF PPZ

possible short coming in eurjpy(medium term)

EURJPY have been trading in a wide range channel since march. price have been bouncing off resistance at 137.37 and support at 126.90.

price is trending down nicely from resistance and we want to assume that price is heading towards the support at 126.90.

presently, price has created an impulsive wave after the bearish gartley hit its fib target. we are waiting for price to hit a very good level for us to get in and trade south.

I will be watching price action at 133.00 level, its a strong level base on the following convergence.

a. 61.8 fib level
b. possible TL bounce
c. good s/r level

we wait patiently for Plan to tank

trend continuation

Once a trend is establish, i have a well laid down strategy for banking pips in the market as long as the trend is healthy.

this strategy is multi-time frame base. once the higher TF(Daily tf) frame is trendy, once an impulsive wave is established in lower TF, in the direction of the higher TF, i wait for a retracement to either 61.8/78.6 with various convergence and i ensure that stoc(833) of lower TF is well out of oversold/overbought region, crossed and hooked down, then i pull the trigger