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pedro319 replied Oct 14, 2014USDCAD 1.1311 good place to take some profits. Price at 1.27 Ext Daily chart. Let the rest to run. MR1 At 1.1336, bounce from there very probable.
EURUSD
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pedro319 replied Oct 14, 2014USDCAD Slowly going towards targets. I expect 1.1285 very soon, 1.618 Ext 4 Hrs + WR1. You should see some reaction here, if we get through then 1.1336 is also possible. Daily 1.618 and Yearly R2 just 40 pips below. Canadian Manufacturing Sales on ...
EURUSD
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pedro319 replied Oct 14, 2014USDJPY This one worked for 40 pips and price returned to the downside, previous suggestions of deeper retracement have materialized and currently this pair is bouncing off WS1 + .382 Ret Daily chart. If price keeps going down next area to look for ...
EURUSD
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pedro319 replied Oct 14, 2014EURUSD My advice is to take some profit and leave the rest to run, I am not taking short position yet. This area is crowded with technical stuff and even confusing. So I will wait for my target at 1.2910. Will be back into this one after more ...
EURUSD
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pedro319 replied Oct 14, 2014GBPUSD We had 61.8 Ret on hourly chart, good entry op. This one is not moving as I expected but setup is still valid.
EURUSD
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pedro319 replied Oct 14, 2014GOLD I will be looking to sell at 1245.049, this is completion of ABCD 1.618 Ext 1 hr chart + .447 Retrace Daily chart, Weekly R1 stands at 1243, so the R:R is quite good. Also, there is MACD negative divergence . Manage your risk by placing stops ...
EURUSD
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pedro319 replied Oct 13, 2014USDJPY Price at 38.2 Ret Daily + Weekly S1, depending on candle at tomorrow close will elaborate trading plan for possible longs.
EURUSD
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pedro319 replied Oct 13, 2014For me it's always technical, as for this one, it was pretty much clear on the charts. I don't think upside is over, I am targeting 1.2910.
EURUSD
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pedro319 replied Oct 13, 2014Price broke 61.8 Ext and next target for ABCD 4 hrs chart is : 1.2750, breaking this one will very much point to 1.2910 final target.
EURUSD
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pedro319 replied Oct 13, 2014Price should touch 1.2656 to complete fibs like GBPUSD did. 15 Mins chart.
EURUSD
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pedro319 replied Oct 13, 2014First 15 mins ABCD failed, now price bouncing again from 61.8 Ret of swing before last and could target 1.2716-20. This is 15 Mins chart.
EURUSD
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pedro319 replied Oct 13, 2014EURUSD 1.2726 Is the level I am looking for next for signs of reversal, otherwise this ABCD is just working fine. There is an ABCD 15 Mins chart pointing there, also this area is close to the 61.8 Ret 4 hours chart, swing from 1.2790 to 1.26004
EURUSD
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pedro319 replied Oct 12, 2014GBPUSD Traded the blue one last week and now the orange could work. I bought close to support, but ideally one should wait for retracements on smaller tfs and try with small stops. Only until the low breaks. R:R is good.
EURUSD
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pedro319 replied Oct 12, 2014USDJPY Watch for 107.15 area to buy. Mark your 1.618 Ext 4 hrs, if it breaks you can close it, or place the stop below 1.702 Ext. Alternatively, wait for reversal candle or candlestick pattern.
EURUSD
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pedro319 replied Oct 12, 2014Agree! A good system that becomes mechanical allows less emotions into your decisions that are bounded to precise rules, MM does the rest.
EURUSD
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pedro319 replied Oct 12, 2014EURUSD Possible harmonic scenarios. 1- ABCD 4 hours chart. Invalidation point stands at around 1.2561 which is .786 Ret same tf, if prices passes through then I will be looking at 2nd scenario. GBPUSD has a similar setup. AUDUSD on the contrary has ...
EURUSD
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pedro319 replied Oct 12, 2014Very well said. Mark Douglas has a similar remark in his Trading in the Zone book. However, You should as well have built a system and figured out what works and what doesn't over a sustained period of time, otherwise it's pure roulette and you ...
EURUSD