Thread: GBP/USD or EUR/JPY or.... Whatevers moving!!

Hello everyone, and welcome to my thread. First off I want to stress that it is Sunday and the E/J pair is at a 15 Min triangle. The two Hr and also the 4 Hr Timeframes show the pair can go either way, however, there is a recent 1 Hr high at 162.46. My first reaction would be to search for a brief tonight. Mainly because the pair is at a 15 Min Triangle. The Smoothy is below and in the way. Before I say I want to see where we are taken by the open and go from there. Bu the way, I am looking in IBFX.

Here is a pic. Of those 1 Hr with all the price at the DTL, (Down Trend Line)

This looks like a good pair to remain with for today. It's setting up to get a nice move. A gap up to about 162.50 are a welcome sight. I would place a brief order with 3 minis and pull 2 minis off at 10-15 pips. I would then pull up my stop to B/E and place T/P on the rest of the mini at 100 pips. But keep in mind, its Sunday night and things dont go.

Jim

Originally Posted by ;

Hey, I've relatives named VanHook. Where are you?

Jim

Jim,
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Jim,
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This is a pic of a wonderful trade from the Aussie dollar that was entered on the 15th and is still going strong at 225 pips. By keeping your stop under the 89 Smoothy Notice that you are able to keep adjusting it up. Below is the entry example. Notice the break of this smoothy and the test. There are 3 differant entry points and after awhile you will get a sort of 6th sense about if a cross is risky or not.

Originally Posted by ;

This is a pic of a nice trade in the Aussie dollar that has been entered on the 15th and is still going strong at 225 pips. Notice that by keeping your stop under the 89 Smoothy you are able to keep adjusting it up. Below is the entrance example. Notice this smoothy along with the test's break. There are 3 differant entrance points and after awhile you will get a kind of 6th sense about whether a cross is risky or not.

Do you believe AUDUSD will continue to go up? It's gone up. Do not you think it might be time for a little, even only for a correction?

Originally Posted by ;

Do you believe AUDUSD will continue to go up? It's gone up to date. Do not you think it may be time for a correction, even only?

Technically we should have a fall but as u know aud/usd is a commodity currency and gold is back on track going north. Be carefull and check gold prices before u enter a commerce in aussie.

I dont ask myself that question. I don't put myself in a position where I may influence myself one way or the other. But on the flip side, it is at the bottom of a nice little 1 Hr triangle which tells me it may go up. And the four Hr it is at a high right now. We wait and watch, one needs to give into another. But I never THINK its might do so or that. Believing a direction is a recipe for failure.

Originally Posted by ;

Can you believe AUDUSD will continue to go up? It has gone up. Do not you think that it might be time to get a little, even to get a downward correction?

This transaction is finished as far as we're concerned. It's too far in the 89 to enter. It might keep going up, but I am not going to shout if it will. The purpose of this thread is to obtain the BEST entrys, to have a group of people looking and spotting entries and calling them up for conversation. Then we could say for instance: 90% good entry, enter at your own risk, or risky entry, enter at your own risk....etc