Friday, April 19, 2013

Week 2 Analysis

Gold Weekly

2 possible harmonics setup on the weekly chart. Levels to look out for are 1400 and 1240 level, if price manages to break below 1400, most likely its heading towards 1240 impulsively. If supports are seen at these level, indicating a possible lower high, then we have a divergence on the RSI(bullish). Longing it to 1475 with S/L at 1390. Looking to long if price drops to 1240-ish.




Eur/Usd h4


Possible cypher pattern on Eur/Usd H4 chart. Looking to long at the 1.2967 as a lower high with S/L at the red and T/P at the green line.




Eur/Jpy H4


 I see a possible butterfly forming on Eur/Jpy. The level to look out for is around 132.70.




GBP/USD H4

GBP/USD WEEKLY



Based on the weekly chart, the 2nd scenario seems more likely. Hence i will be looking to short GBP/USD on the break of the H4 trendline. However, if price chooses the first scenario, i will still short it at 88.6. Based on my analysis so far and by cross referencing to EUR/GBP , its likely that we should see strength in EUR and weakness in GBP.






NZD/USD H1



This pattern is still valid however my guess is that it will be invalidated. There is also bearish hidden divergence on the RSI.



GBP/JPY H4



Got stopped out yesterday by about 10+ pips. This is still a potential short trade at least to the uptrend line at around 150.40. Divergence is seen too. Will be monitoring to trading opportunities next week.




USD/CHF H4



Had a sweet week on the CHF long. But my guess is that CHF pairs will be going down next week. Looking to short around Point B with S/L at the red line and T/P at 88.6 level. Bearish Hidden Divergence is also seen.


USD/CAD H1


Looking to short Usd/Cad on the break of the uptrend line with S/L at 1.3010 and T/P 1.0166




EUR/CHF H1


Shorting at 1.2195, S/L 1.2207, T/P 1.2173




EUR/AUD H4



Short at 1.2815, S/L 1.2930, T/P 1.2570





GBP/CAD DAILY


Waiting for it to hit PRZ.




NZD/JPY H1



Short at 85.72 , S/L 86.60 , T/P 83.55





CAD/CHF H1



Planning to long on clear break of PT B to 0.9189 and S/L at 0.9034, place pending order at 0.9189, S/L 0.9230, T/P 0.9120






AUD/CHF H4




LONG AT 0.9430, S/L 0.9340, T/P 0.9660
IF price goes up, trade the red pattern - Sell at 0.9871, S/L 0.9930, T/P 0.9670







NZD/CAD H1



SHORT AT 0.8757, S/L 0.8790, T/P 0.8665





AUD/NZD H1



SHORT AT 1.2787, S/L 1.2307, T/P 1.2218




CAD/JPY H1



SHORT AT 98.23, S/L 99.13, T/P 96.30





AUD/JPY H1



SHORT AT 104.65, S/L 105.65, T/P 102.10






GBP/NZD H1



Looking to short on clear break of this trendline to 88.6.






NZD/CHF DAILY




Looking to short on clear break of the support to the uptrend line.






SILVER H1




Looking to play the breakout of this ascending triangle.







  AUD/CAD H4




Still waiting, BUY at 1.0492, S/L 1.0440, T/P 1.0643

Moved S/L and T/P for Gbp/Jpy


Moved S/L to 151.75 and T/P to 150.45

Relong Gold

Gold H1

Relong gold at 1402.00, S/L at 1390.00 and T/P at 1475.00.

S/L Moved for Gbp/Jpy

Gartley - Gbp/Jpy H1


Moved S/L to 152.30.

Closed Usd/Cad

Usd/Cad H1

Closed the Usd/Cad position earlier as i dislike the divergence spotted.

Change of S/L for GOLD trade




Update : Changed S/L to 1409.00 as i don't like the h4 candle.

Game Plan for Gbp/Jpy

Gartley - Gbp/Jpy H1


Spotted by Mulin yong from our harmonics facebook group , potential short for Gbp/Jpy. Shorted a position with stop at the red line and TP 1 and 2 at the green lines. This is a good trade as there is also divergence in RSI.

Game Plan for Usd/Cad

Cypher on Usd/Cad

Planning to sell the D leg down to the 78.6 level with a small stop at the red line and.

BAMM breakout strategy for Eur/Nzd

Eur/Nzd M30


Planning to short it to 88.6 on a clear break of point B.

GBP/USD M15



Closed most of my positions for the week. Entered a short on GBP/USD. T/P at green line and S/L at red line.


Thursday, April 18, 2013

Game Plan for NZD/USD (D Leg)

Nzd/Usd H1

Just placed an long entry for NZD/USD in hope for a D leg ride up. S/L at red line and T/P at green line.


Slight tweak to Eur/Jpy Game Plan

Eur/Jpy M15

Gonna trade this as a gartley instead.

Moved Aud/Usd stop loss

Moved Aud/Usd and Aud/Nzd Stop loss

Aud/Usd - 1.2840
Aud/Nzd - 1.2195

Game Plan for Eur/Chf H1

Eur/Chf H1



Will be looking for opportunity to long the D leg, Sell at 88.6 for TP at green line.

Game Plan for Gold M15


Looking to go long on a clear break of point B.
S/L at 1370.00 and T/P at 88.6%


Update : Changed S/L to 1409.00 as i don't like the h4 candle.

Game Plan for Aud/Nzd

Aud/Nzd H1
Longing it up to 78.6%, then short it with S/L at red line and T/P at green line.

My entry(already in) : 1.2194
S/L: 1.2167 - moved stop loss to 1.2195
T/P: 1.2274
 

Game Plan for NZD/USD (Pending trade)

NZD/USD H1



Planning to short at 88.6% with red line as S/L and green line as T/P.

Game plan for GBP/USD H4

GBP/USD H4

Currently holding a buy for GBP/USD to the yellow bat's PRZ while putting s/l below the red's bat PRZ. Will enter another long position if price drops down to that level.

My Entry : 1.52375
S/L : 1.4980
T/P: 1.5725
R/R:  Slightly lesser than 1:2

Eur/Jpy H1 - Yet another potential trade soon.

Eur/Jpy H1

Tuesday, April 16, 2013

Mid Week Analysis

Eur/Gbp H4

GBP/CHF H4 - Nearing PRZ!

AUD/USD H4

EUR/AUD H1

USD/CHF H4 - Nearing PRZ!