Archive for the 'Forex Trades' Category

Good afternoon all

Well we called it this morning and the retracements are on… Patience is key in this game and what a start to the afternoon.

EURUSD started falling at 1.5790.. Look at before and after…CCI 84 does it again…

GBPCHF found support with USDCHF rallying..

USDCHF finds support with EURUSD falling…. How good is this 84CCI when we wait for  a clear picture…

Here are a few examples… Not bad as long as you wait for the trades…

Speak tomorrow

Dan

Hi all

Well Crude has definitely made up for the day…We talked about the Crude reaction at 2.30 on the opening of the Dow. Perfect pullback to the 200ma.

Hi Guys

Bit of a messy day today to be honest…All FX charts setup for retracements back to the 200ma but the problem with this type of trade is that you are trading against the main trend…USDCHF and GBPCHF were all in down trends but finding large support off the daily 50ma.

It was a tough morning because EURUSD started weak, giving an impression that the retracements were on and then rallied and then fell off again after a false break of the 1.5800… USDCHF was then left stranded but interestingly GBPCHF, which was called on the break of 2.0265 came into play with a pullback to the 60min 50ma.. Hard to pick but nevertheless a good break and pullback…

The FTSE was the only other cheeky play…. Support off 60min 200ma on my 15min chart…. Resistance line is clear and break from 6,190 to 6,230…

Sentiment is changing by the day and be wary of false breaks on 15min charts… The 60min smoothes it all out.

Also always remember where the price is in relation with the 200ma… Vvvv important, as pullbacks can be aggressive the further away from the 200ma.

Enjoy the afternoon

Good morning

Very quiet today with limited alerts out in GBP and USD.

Picked JPY strength and CHF strength today, even in a quiet market for a few pips…

GBPJPY -  Drifting lower from 203.65 and target 203.10

USDJPY - With Jpy strength the 21 CCI showed us an entry from 104.00 for a breakout…

GBPCHF - My favourite currency pair.. Amazing how much this can move on a quiet day… Break below 200ma at 2.0500 for a move to the 4hour support line at 2.0415.

EURUSD - With USD weakness all round the Eur found support off the 60min 20ma and the daily 20ma for a move from 1.5575 to a break of the 1.5600 level.

Good afternoon

It was great to speak with you all in the Live Room today and we are really pleased with the feed back. Exciting times ahead!!!

As you know its a messy period and a lot of indecision in these currencies. Take it day by day until we get a clearer picture for longer term plays. Gold was the call of the day…What a trade!!!

GBPJPY - After breaking support line on 60min chart, the 15 min gave the perfect entry point on a short trade…The red heiken ashi candle takes u in and gets u out.

EURJPY - The box strategy works well here with 50ma on 60min as a resistance…Look how the 15min gives u exact entry point on break of support. Red heiken ashi as well…

EURCHF - All these swiss’ currencies looked similar…The EURCHF broke support on 60min and the 15min gave us an entry on break of 60min 50MA on 15 min chart…The Blue line… Take a look at how it bounced off daily 200ma. The21 CCI gave us entry and the 10CCI on an exit… The 21CCI then gave us a perfect entry for a revers play..Always look at the 21CCI for entry…Vvvv helpful…

GOLD - This was called perfectly today…. I had my reservations but look how the 20ma held firm on the 60min chart. The 50ma was crossing back for a golden cross and a perfect break of the triangle for a long trade…

Good afternoon all

Great day in the Live room and even with a messy market, some good trades were taken…

For all the Live subscribers we have a Q and A session at 10am tomorrow in the Live Room.

Crude Oil saw a positive turn off 123.75…Follow the 21 CCI for entry on the 60min.

FTSE bounces off Daily 200ma on 60min chart. The higher low bounced at 6180 for a move towards resistance at 6250..

EURJPY - The 163.00 resistance held all morning and watch how the 21 CCI fell off the highs. Great entry level…

GBPJPY was dragged lower with USDJPY… Watch resistance level at 204.50 and the 21 CCI moving below 0.00 level.

Mixed picture with figures to be honest… Still like EUR lower but USD figures keep letting me down. The market is very illiquid and lost direction to me, so be very careful.. Each day is different and hard to build in these conditions but there are good possibilities if you wait for them.

Speak tom.

Dan

Good morning all…

Interesting to listent o Mr King and his team on their inflation report… Tough times ahead i fear!!!  They kept talking about patience and feel it will take 18-24 months before inflation will come back into line towards the 2% target.

The Live room called some good trades today with small breakouts…Nothing has really gathered momentum but thats the way it goes.

Claimant Count in GBP came in a lot higher than expected which makes GBP very hard to trade.  Growth suggests rates have to cut  but Inflation at 3% is  making it doubtful.

Speak tom…

GBPCHF break of triangle…

EURCHF break of ascending triangle…

EURUSD break of triangle….

Good morning all

I trust you are all well… Well it looks like rates will remain on hold for now. Possible 0.25% cut by the end of year.. Tough decision for MPC as inflation is No1 priority…

Quiet london session but GBPJPY and USDJPY retraced back to support levels.

60min shows me the trade and the 15min gets me in on cross of CCI’s.

Great live session today and looking forward to speaking with you in the Live room next monday (19th)

Please email james.boord@marketbytes.com for info and signing up…

Thanks

Dan

Good morning

Quiet day ahead of MPC meeting at midday..

GBPUSD was the only small risk trade with a pullback to the 200ma. Broke the channel at 1.9550 for a quick 50 points to 1.9600…

Good morning

I trust you are all well… GBP was the player today with a build up to the weak figure at 9.30am this morning…Amazing how the market can anticipate these figures!!!

The Live Room read this trade perfectly and all went short at 1.9695, with all taking profits between 50 and 120 pips on this currency…

GBPCHF broke from 2.0725 for a strong pullback to the 200m as shown below…

If you want to trade with our Live Team, book into Market Bytes and learn the strategies, as you have to trade here for 1 month before entering the Live Room. We go live on the 19th May…Not long to go!!!

Speak tom.

Dan