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pedro319 replied Sep 16, 2014EURUSD Only 1.618 Extension left at 1.3000 will close 2 longs and open 1 short, all levels explained in weekly research.
EURUSD
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pedro319 replied Sep 16, 2014USDCAD Short scalp worked out well, I would like to see this move finished before 1.1030/20 region for long position. Target remains the same.
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pedro319 replied Sep 16, 2014GOLD This is best area from R:R for shorts, above 1243 I will wait for another set up.
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pedro319 replied Sep 15, 2014EURUSD Could this become a Bfly 1 hour chart for a sell around 1.3000? Need to see a move down of 61.8 or 78.6 to complete bottom of right wing, around 1.2918. Last low is the invalidation point for this pattern.
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pedro319 replied Sep 14, 2014It does make more sense one over the other, however I'd rather think that all trades carry equal probability which means that I always have to keep MM in check. As Gold approaches it's cost of production it's worth thinking about that saying.
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pedro319 replied Sep 14, 2014In statistics, on any given normal distribution you have the probability, you know there is a standard deviation and a variance + mean mode and median but what you don't know is the order in which wins and losses will occur, so even if you have a ...
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pedro319 replied Sep 13, 2014USDJPY I am beginning to think that this move could extend to 111.00 area, yearly R1 + 1.618 Ext Weekly chart from Nov 2013 top and that goes in line with everything I see elsewhere, of course in FX things do change abruptly most of the time, but at ...
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pedro319 replied Sep 13, 2014GOLD I have posted this before but not able to take full advantage of it! PA has taken the previous lows (weekly) and that means possibility of Daily Bfly Buy just vanished. Next weekly target should be 1177 area, that is natural support and ...
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pedro319 replied Sep 13, 2014USDCAD On the long timeframes there are some new targets but for entries we need retracement on the 4 hours chart where price completed ABCD after BFly Sell off. Price dropped from last week's Bfly setup ( url ) 100 pips and stopped at .447 Ret 4 ...
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pedro319 replied Sep 12, 201438.2 is broken, next level is weekly pivot + 50 % Ret 4 hours this week or next. (1.3000)
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pedro319 replied Sep 10, 2014USDJPY PA has reached all my targets which doesn't mean it won't go higher, we have the pattern and the fib levels, what we need now is reversal candle or reversal pattern on smaller timeframe, remember this a weekly Bfly sell so it won't work as ...
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pedro319 replied Sep 9, 2014GOLD Didn't resist to take another long from daily S1 after reversal candle 1 hours, looking to see whether we get Bull engulfing 4 hours or and reversal candle daily from MS2 + -707 Ret weekly chart swing before last.
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pedro319 replied Sep 9, 2014USDJPY For follow up look at 4 hours and daily candles. This is a good example of something I like to see in my setups, patterns in smaller tfs in zones of confluence. I don't trade smaller timeframes on their own. I still not happy with unfinished ...
EURUSD