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pedro319 replied Apr 13, 2014USDCHF I don't know whether you use them or not but pivots in general tend to attract price. Yearly support 1- 0.8510 Monthly support 1- 0.8729 (about to be touched). I don't trade this pair, just thought info could be useful. Enjoy your Sunday.
EURUSD
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pedro319 replied Apr 12, 2014Thanks for your comment. The pattern might not be the best I have traded, however the location and nature of the Fib numbers on both 4 hours and Daily chart led to believe this is a good risk/reward trade. The way I see it, if we are close to a ...
EURUSD
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pedro319 replied Apr 11, 2014All twists and turns in forex are Fibonacci numbers with no exception, the only difference is the timeframe in which they happen!!
EURUSD
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pedro319 replied Apr 11, 2014Nice pattern in good location. This might resume the downfall from weekly butterfly sell. Price is reacting to .786 Ret + 1.618 Ext level on daily + 4hours respectively. Risk moderate, 30pips max. Targetting 1.35 and expecting it to happen during ...
EURUSD
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pedro319 replied Apr 8, 2014For me S/R levels are just another tool, I mainly look for Fibonacci levels/swing/turns along with pivots and candlestick patterns, monthly down to 4 hours. Example. If I see a possible critical level let's say .786 on weekly chart I know I need a ...
EURUSD
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pedro319 replied Apr 8, 2014I am probably not as experienced as you but I tend to see opportunities for big moves before they happen, so if its not in the chart I don't trade them because on a fundamental basis everyone is pretty much thinking about USDJPY long (opposite ...
EURUSD
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pedro319 replied Apr 8, 2014If there is any place the USDJPY could retrace, this one seems appropriate, but I don't expect full reversal, we have bear engulfing on monthly and a 786 weekly chart. Have a look at my charts on my profile. As for the AUDUSD I have been long on ...
EURUSD
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pedro319 replied Apr 8, 2014This pair has reached weekly support 2 but Monthly support 1 is not far, better to take some chips off the table and let the rest to run.
EURUSD
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pedro319 replied Apr 8, 2014Target reached and now I would start to look for weakness, this is Monthly pivot and 50% \Ret of the whole swing on Daily, we need reversal candle 4 hours for confirmation or any pattern on smaller timeframe, so for now I stay quiet.
EURUSD
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pedro319 replied Apr 7, 2014Minimum target for the 3 drives pattern 4 hours is top between 2nd and 3rd Drives, i.e. right around MPP. Invalidation below 1.3640. Good Trading!
EURUSD
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pedro319 replied Apr 6, 2014EURUSD I expect price to bounce towards the Monthly pivot 1.38 (target) through this 3 drives Bull 4 hour, the best way to trade it is by keeping the stop below 1.3640 cause price might attempt to touch Monthly support 1 (1.3660 ) before going up. ...
EURUSD
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pedro319 replied Apr 4, 2014Pattern completed and levels respected. This one might work for big move indeed!!
EURUSD
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pedro319 replied Apr 4, 2014I would leave this trade for a few days more, the move is not finished yet.
EURUSD
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pedro319 replied Apr 4, 2014On EURUSD I see very good cluster of support around 1.3660/ 75 area, this support includes: 3 Drive buy pattern 4 hour chart Monthly Support 1 and weekly support one. The pattern could start working during NFP, anyway no harm in trying from there. I ...
EURUSD