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- iandekoker replied Nov 26, 2007
For cable to go up higher we need to break above the 2.0785 level first. Then we can aim at 2.1197 as possible target. For cable to go lower we need to break thru 2.0304 level which is the bottom of the channel on weekly charts. Right now i would ...
- iandekoker replied Nov 22, 2007
Here is also a excellent potential oppertunity on gbp/jpy. This is the much anticipated head and shoulders on the weekly charts. As we know head and shoulders is a powerful reversal chart pattern. Now once the neckline gets broken we will have a ...
- iandekoker replied Nov 22, 2007
While the market is so boring i am already looking out for possible oppertunities next week. I see lots of potensial in this usd/cad charts. First the weekly charts tell me that we have an uptrend underway. The stochastics support this. The daily ...
- iandekoker replied Nov 22, 2007
I dont trade eur/usd as often as i did, but listening to all the "experts" setting a target of 1.5000 for this currrency makes me wanna short this pair for the following reasons: 1. What is gonna happen once eur/usd reaches 1.5000? I expect a sell ...
- iandekoker replied Nov 21, 2007
Oops last chart
- iandekoker replied Nov 21, 2007
There was some serious money to be made today with v-formations. Look at gbp/jpy that almost gave 600 pips. Usd/jpy gave 100something pips. Aud/usd almost 100something pips. Usd/cad almost 100 pips. Hope everyone saw those signals and made good ...
- iandekoker replied Nov 21, 2007
Interesting interpretation of the gbp/usd. But that is the beauty of the chart reading i suppose As you know i have read the charts totally different. Scenario 1: I see firstly a possible break of the upper channel. If it breaks and hold then we ...
- iandekoker replied Nov 21, 2007
And in quick time profit target 2 was hit I love it when a plan comes together.....lol
- iandekoker replied Nov 21, 2007
Ok first profit target hit. So i closed on third of my trade. Now i am letting the other 2 thirds run to the next two profit targets
- iandekoker replied Nov 21, 2007
Even though this is a riskier trade i still decided not to ignore the pin bar followed by v-formation. So let's see how this plays out. I will aim for take profit around 2.0585 and then 2.0598 and lastly 2.0620.
- iandekoker replied Nov 21, 2007
Even though i am not a big fan of trendlines (due to their subjectivity) we can see that the price has respected this trend line for now. So if the trendline hold then that would give us an excellent long oppertunity
- iandekoker replied Nov 21, 2007
Remember i told u if price went thru monthly pivot and candle closed under monthly pivot i would go short. So this is how my trade turned out. My 1st profit target got hit.
- iandekoker replied Nov 21, 2007
Right now we are testing the monthly pivot point. If 15 min candle closes under monthly pivot point then i would look to go short and target 2.0598-2.0585. If price bounches off monthly pivot and close above i would see it as good long oppertunity. ...
- iandekoker replied Nov 21, 2007
Ok so gbp/usd broke thru some serious resistance this week. And i am happy that the correction has taken place. I will continue to play the v-formations but i will also place one longer term trade. And my profit target on that trade would be the ...
- iandekoker replied Nov 20, 2007
Here was a classic example of V-formation combined with candlestick formation combined with Pivot Points. You would have done very well today if you knew where to enter and take profits. Lemme walk you thru it. First you had an oppertunity to go ...
- iandekoker replied Nov 20, 2007
yes i did take the trade. i got in at close of this pin bar. TP was 2.0667 but it was never hit. So i got stopped out in trailing stop
- iandekoker replied Nov 20, 2007
And here the market gave you a good oppetunity to go long again at discount
- iandekoker replied Nov 20, 2007
Sometimes it is just too tempting to let a pin bar go by without acting on it. You will come to realize i dont limit myself to only one way of trading. I love my candlestick formations. I like to play pin bars and inside bars. Also i love my fib ...
- iandekoker replied Nov 20, 2007
gbp/usd needs to close above 2.0585 for me to think about going long on this pair. Yesterday was very choppy with little direction.
- iandekoker replied Nov 19, 2007
I did more or less the exact same trade today. I was only looking for the 1st candlestick that did not make a higher high. Once that candlestick's low was broken i went short. No indicators jsut plain price action. Anyway best of luck trading.