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] – EUR last chance shorts…

EURUSD is for the moment showing last chance shorts.

Currently our trade room is short on EUR and has been since 1.3760 as well as several add in points along the way. In the last week we recognised that price was in and “angled range” quite early on but trying to pick that high of the range has been quite difficult to consider a short trade entry to add in again.

I think we are at the last chance short level before needing to seriously reconsider direction. We have some health profits here so its just a case of how much and when we cash out.

Assuming price does indeed sell off I’ll be looking to add in below 1.3500

EUR-Nov-18-13a

In other news in an otherwise very quiet week we see Stock Index futures pushing ever higher making some new records along the way.

Dow Futures - My darling Dow continues to give like a kindly uncle as ES & NQ (SnP & NASDAQ)

YM-Nov-11-13e

Entry above – profits below

YM-Nov-11-13g

S&P Futures - similar view of entry and profit move

ES-Nov-11-13a

Entry above – Profits below

ES-Nov-11-13c

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[Trade Signal] – Monday Markets Blues Again

Monday blues again – This seems to have a been a common theme for most of this year and I’m not expecting that to change much today. We may see some slow or late day (UK late day 8pm ish) movements but overall most likely going to be pretty quiet again. The US national holiday may just emphasise this as well.

GBPJPY on the 8hr chart finally confirming a consolidation pattern. One which is meaning I will be standing down as the location of current price is not great for anything new. Right now I’m waiting for price to be near the upper or lower boundaries before resuming trading.

GJ-Nov-11-13a

EURJPY providing one of a very short list of trading set ups for the day. Long as per the mark ups on the chart and running slowly to its first target zone at +40. I’m not expecting too much more after that anything more would be a bonus.

EJ-Nov-11-13a

Dow Futures YM still rattling around the upper boundary of the previously mentioned rising channel. We might see one final push higher and I’m still considering the downturn and a move to 14,700 level still on the table. As always with these things it’s the when that I’m not sure about at the moment. For now though price is pointing slightly bullish still.

YM-Nov-11-13a

EURUSD Continues to power away and I’m almost getting bored with saying what a great trade this is… still on short from 1.3760 as well as add in trades along the way.

Pattern now is developing a nice symmetrical triangle. These things commonly develop and break over 3 days and I’m looking to short the upper boundary as marked on the chart which is in line with the overall direction of position and the trend. Safe option is to wait for the break down.

EUR-Nov-11-13a

 

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[Trade Signal] – The trend is your friend

EURUSD – showing the trade of the month so far. 3 trade entries 1 stopped out and post news move boosting the position nicely.

Targets towards 1.3000 level based off weekly range lows

EUR-Nov-7-13a

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