NZDUSD above WP and MP and also above 50 fibo of the previous high-low swing, so can only go long on that kiwi fruit now. also PB on H1 @ WP, so 8000 will be cleared easily and prolly meet some resistance @ 8040 (786 fib)

The WoRmHoLe

sailor thanks man, here's the deal on USDX H2 chart, lets see if we can get three white soldiers to clear out that bullish flag and WP-MR1 if that happens your CAD will almost definately get 9800 soon. image

The WoRmHoLe

here's how I got wasted. image

The WoRmHoLe

awesome sailor, that's great. yeah, loonie was an obvious long from WP considering the H8 candlestick pattern and upward sloping channel setup, however I went in long early last night @ 9680 and put my SL too close to WP @ 9644 and ended up getting ...

The WoRmHoLe

dario pretty much nailed, also on H8 GBPUSD a strong PB is forming. here's a chart image

The WoRmHoLe

sure we are, but you gotta be aware of CAD relationship with commodities and USDX as well, if USDX is tanking higher USDCAD will follow the path and vice versa. Lower commodity prices will push USDCAD higher. Currently there are two options on USD ...

High velocity trading

So as a summary Im monitoring two patterns now. One is on USD CAD, the other is GBPCHF, here's a chart recap. On GBPCHF I look for the reversal upon reaching 4640-4660 and USDCAD I look for PA to reverse at 9560-9580 area both trade I will use 30 ...

High velocity trading

possible WW setup of USDCAD H4, this time around I will look for RSI divergence and USDX price action, if USDX will get supported I might go long upon confirmation of point 4. Point 4 is also @ 9550-9560, I think PA will most definately reach 9550 ...

High velocity trading

CAD long stopped out @ SL for -35 that trade didn't go along well with my USDX chart, which pointed to the downside on USDX.

High velocity trading

Mattz thank you and you are most welcome to post harmonic setups. The deal is that pretty much everyone focuses on majors, however I trade with Interactive Brokers and Dukas, they got easy access to volumes on exotics, so sometimes great ...

High velocity trading

Hi guys! Long time no see, hope everything is cool. Been busy arranging oil sales for the month of June for the company. I actually favor downside on GU, so will look for WP retest and will setup a deal for the breakout trade south tmrw. ...

The WoRmHoLe

Likewise, keep the good stuff coming. Maybe even post a chart or two whenever you got time. Thanks, ruff.

TexasforEX journal

FYI here's the link to the pdf on level trading, part of which I'm using myself. https://rapidshare.com/files/2699166001/LevelTrading_from_DonDesperado_English.pdf

High velocity trading

what about running totals of the trades taken so far?

TexasforEX journal

image Here's light crude oil H8 chart (HTF). Uptrend intact. I'm looking at PA reaching 96-97 before a rebound. Retest of MP is coming up (enough time for retest - 10 days to go before month end). 1/6 year pivot is 112, so we might as well see PA ...

High velocity trading

FYI here's light crude chart. The oil is going down, because we are selling our next month's volume @ a discount. image

High velocity trading

CAD trade expected to perform well. Oil melting down, light crude @ 98 now way below MP and below WP, I expect oil to drop to at least 94-96 very soon. Quarterly pivot on oil is 89

High velocity trading

if you can get a better entry before hour closes by all means do so.

High velocity trading

current recommended trade setup on USD CAD: USD CAD LONG @ MARKET (9675) SL 9640 TP 9820 (risk 35 points to get 145) reason for the trade: PA bounced off the WR1 came to WP and formed a reversal pattern in an uptrend. CAD undermined by weak oil ...

High velocity trading

Pretty much the basics, which you can review right here: http://bonus.ino.com/downloads/17Candlestick.pdf There is great detail in bulkowski's book on candlestick patterns with statistics and probabilities, so it's a pretty good book if you ask me. ...

High velocity trading