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pedro319 replied Nov 3, 2014GOLD This is how we could get next target and keep adding shorts. Gold likes 50% retracements so I will be looking at 1200 figure as the one with the highest odds. November monthly pivot is at 1196 so slightly below the 50% and Weekly pivot is ...
EURUSD
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pedro319 replied Nov 2, 2014USDJPY Price is currently at 1.618 Ext Daily chart 113.05 and retracement could start from here, in case we break above the only level of interest is 113.67 and that is Monthly .786 Retrace from 75.00 to 123.00 so not a small thing.
EURUSD
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pedro319 replied Nov 2, 2014EURUSD Plan for this week is scalping long for test of pivots Monthly and Weekly and then position Sell. On the 4 hours chart last retracements were both .707 (1.2840 is .707 Ret of 1.2886 and 1.2769 is .707 of 1.2840 but now pivots are located ...
EURUSD
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pedro319 replied Oct 31, 2014Bought these two from support based on the above conviction, No need for huge stops. If it comes back down will prepare plan for 1.2270 target on EUR, first Resistance 1.2554. Pound same numbers.
EURUSD
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pedro319 replied Oct 31, 2014GOLD Looking at 1149 MS2. Price moved really fast breaking the lows, there is no reason to close any positions unless you see massive reversal candles.
EURUSD
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pedro319 replied Oct 31, 2014GBPUSD Weekly Hammer still stands, until that is taken out my bias remains long. Price currently challenging 23.6 Ret 4 hrs chart at 1.6006. EURUSD Last setup worked for 20 pips and then price bounced off 38.2 Ret 4 hrs chart for another dive taking ...
EURUSD
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pedro319 replied Oct 31, 2014USDJPY 113.20 could be next. 1618 Ext of ABCD daily chart after 50 % ret down. Price at Monthly R1 + Yearly R1 but 1.27 Extension already broken. I am letting it go until I see daily reversal candle or candlestick pattern. First position from 103.54. ...
EURUSD
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pedro319 replied Oct 30, 2014USDCAD First part of retracement is complete, now price should land at 1.1073 and that is where I will be looking for longs hopefully to 1.17.
EURUSD
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pedro319 replied Oct 30, 2014GOLD Next challenge 1180 lows, that is natural support + MS1, 1177 is 1.618 Ext Weekly chart that wasn't touched last time.
EURUSD
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pedro319 replied Oct 30, 2014EURUSD Price at .864 Ret daily chart + WS1. Until I get a 4 hrs close above 1.2604 (reversal candle and close) my bias is down for challenge of the lows at 1.2500.
EURUSD
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pedro319 replied Oct 29, 2014GOLD Almost at 50% Ret down daily chart. Gold likes 50 % so if price is going to turn back up it could as well be from here. Best option is to take some profit there and leave the rest to run. Keep an eye on 1218 key level.
EURUSD
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pedro319 replied Oct 29, 2014EURUSD Many things could happen today, my advice is to move stops to BE, take some profit and don't open new positions before fed meeting. You can see that market has retraced 50% 1 hr chart and carried on up, 1.618 extension for this move is ...
EURUSD
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pedro319 replied Oct 28, 2014Looks the same as mine. Just a little correction that might not even matter. Point C is not a .618, it is a .707. Fractals are good to establish the swings that really matter, a good combination of Zig Zag and fibs does it as well. Cheers and thanks ...
EURUSD
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pedro319 replied Oct 28, 2014It is a pattern that is all. If reversal candles form here could be an indication of possible Sell Off.
EURUSD
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pedro319 replied Oct 28, 2014S&P at Monthly pivot plus 3 Bearish drives Sell pattern 4 hrs chart.
EURUSD
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pedro319 replied Oct 28, 2014GBPUSD We didn't get the retracement I wanted to add longs. Going to look into the 1.6123, 15 mins chart 61.8 Ret+ 4 hrs S1.
EURUSD
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pedro319 replied Oct 28, 2014Well done! If you put the fib on your weekly chart you will see that 1.25 is .786 Ret from the swing 1.2058 to top, that was my early sign, though I didn't take long from there. I just checked that 1.31 area, which swing are you using, just tell me ...
EURUSD
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pedro319 replied Oct 28, 2014Allow me to disagree. The only big and absolutely solid sign that the trend had turned down was taking out the lows of 1.3474, until then it could have been anything else and by then we were still waiting for confirmation from the ECB that further ...
EURUSD
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pedro319 replied Oct 28, 2014USDCAD Target wasn't reached by 10pips, (we may still go lower) now we have to keep a close look on this pair before it turns back up, price touched .447 Ret daily chart + WS1. If you see big reversal candles 4 hrs or daily chart, that might ...
EURUSD