[Trade Signal] – Dare I say “At Last!” …(again)

As I”m typing it all looks promising…. again. Yup we have seen this potential start of something several times over the last 3 months and while things are moving a little more than they have been recently I’m just not quite convinced just yet that we are starting to see some trending movements.

EURUSD – Short pending on a break out.

EUR-Mar-20a

Dow YM Futures June 14 – Gathering some momentum behind yesterdays short. Big question is will it continue. Adding in around current levels.

 

YM-Mar-20a

GBPUSD – Short pending on a break out.

GBP-Mar-20a

GBPJPY – Long pending on a break out.

GJ-Mar-20a

EURJPY – Waiting for a break out

EJ-Mar-20a

 

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Ground Hog Day…Again!

Well folks there really is only so many ways we can say that price everywhere on the things Im looking at regularly is and are in a range.

Price attempts to move (the break out) and then snaps right back. This actually highlights another good reason why we wait for a break out to happen rather than jump on like all the text books tell us.

Is I keep saying in out Live Trading Sessions

“Im not looking for just movement – Im looking for trending movement”

It should be clear to anyone that we are seeing something a little strange and in most cases seeing extended sloppy conditions that are not of use for trending strategies.

Im placing the 3rd and most important trade again today and holding cash.

GBPUSD – WAITING

The messy chart continues BUT we do have a break out with an entry above the recent highs. ATR is a factor today and I”ll be looking to place an order tomorrow assuming its still valid.

GBP-Mar-03a

EURUSD – WAITING

Continued & Confirmed Consolidations Action – waiting for a break This whole area as I’ve mentioned several times should be avoided. Daily chart looks like an expanding triangle for reference.

 

EJ-Mar-03a

GBPJPY – WAITING

Nothing sustained after previous break out attempt. Back to waiting for a clear break out from the newly defined levels. Updating to a slight angled boundary with multiple levels to choose from. Very messy

 

GJ-Mar-03a

Dow Futures YM March14 – Waiting

After two previous break attempts one produced a break even trade and the other voided. We are now back to being inside a confirmed rising channel.

We might be able to do something with it should price get to the upper or lower boundary levels.

 

YM-Mar-03a

EURUSD – WAITING

Continued & Confirmed Consolidations Action – waiting for a break This whole area as I’ve mentioned several times should be avoided. Daily chart looks like an expanding triangle for reference.

 

EUR-Mar-03a

 

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A Stagnant week

Not unsurprisingly we are on Fridays and still not seeing a great deal of movement. Price pausing after some interesting movements from mid Jan to early Feb.

Overall the strategy is doing is job and keeping us on the sidelines when price is not moving like now. This this time to be patient especially when we see extended periods of pausing as we see right now

GBPJPY –  a now confirmed consolidation

GJ-Feb-21a

EURJPY -  a now confirmed consolidation – In this case its slightly angled which we might call a channel. Its still confined and not big enough to change tac and consider trading the range

EJ-Feb-21a

EURUSD -  The whole marked area is a nasty mess – Im being very cautious about this chart and location.

EUR-Feb-21a

GBPUSD -  a now confirmed consolidation – after having seen a lovely move upwards. Hopefully the next push can be equally as impressive.

GBP-Feb-21a

YM Futures (Mar) -  Starting the flip flop moves.. and could well highlight a consolidation. Nothing confirmed yet and price moving higher for a new long entry.

YM-Feb-21a

 

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[Trade Signal] – Well worth waiting for…

Dare I say finally again? I think this time I can at least for the moment.

At last we are seeing some very interesting movements this week past what has been nothing more that single day movements and oscillations in price movements.

The strategy we use has kept is mainly on the side lines for most of this month so far. But when price moves we know we are going to be on it. A couple of false starts on various things but YM & CL Futures are providing some awesome movements and the trends are well and truly on their way.

YM Futures – Before during and still open shots

YM-Jan-23-14a

YM-Jan-23-14c

YM-Jan-24-14a

YM-Jan-24-14b

 

CL Futures – Before during and still open shots

CL-Jan-20-14a 

CL-Jan-22-14a

CL-Jan-22-14b

CL-Jan-23-14a

CL-Jan-23-14b

 

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The trend is your friend… Again

This is a saying that has become cliche, but its a cliche for a reason. The trend truly is your friend until the bend at the end. Also knowing when the trend is starting also helps.

In our practical live training session we spend a lot of time trying to figure out whether or not price is trending or ranging. Seeing that price is doing one or the other is most of the time very simple and straight forward. But seeing when price transitions from one to the other is paramount to any trend strategies success in the Forex Market – Futures Market – Stock Market or any financial trading system that requires you to identify the trend.

The First stage would be to see that price is doing one or the other. This recent trade on GBPUSD highlights the first phase quite nicely as price has defined itself in a small range.

GBP-Nov-11-13a

Then we see GBPUSD move out of its consolidation but the key to not getting suckered in to several false starts is waiting for price to correct again and then to trade the pullback after that break out of the range.

This might sound simplistic but it really should be that simple. The hardest past in all this for many new and aspiring traders is to wait for the conditions to be right before pulling the trigger on a new trade.

GBP-Nov-11-13b

While not every trade will be a resounding success by waiting for this sequence of events you are stacking the odd more and more in your favour of a successful outcome. This is what you have to learn as a trader – not the pattern but the waiting for the conditions to be right for your set up.

GBP-Nov-11-13c