[Trade Signal] – A flippin’ & a floppin’

There is not too much different from yesterday & thus not a significant change in commentary.

EURJPY – Looking very much like its breaking through the boundary low we had marked off. As I type waiting for a pullback to enter below

EJ-Mar-21a

GBPJPY – Long entry set up voided and price is moving back into its previously established range. Waiting for a break out.

GJ-Mar-21a

GBPUSD – Shorts are pushing slowly down but with no real conviction. Im not tempted to add in just yet and playing the cautious card. Lets see where this move takes us before starting to get clever with adding in.

GBP-Mar-21a

Dow YM Futures June 14 – Price is moving back to the rising channel break point again. I still like shorts below 16,300 which is a discretionary decision outside of the normal strategy. Resuming looking longs above 16,350

YM-Mar-21a

EURUSD - Shorts are pushing slowly down but with no real conviction. Im not tempted to add in just yet and playing the cautious card. Lets see where this move takes us before starting to get clever with adding in.

EUR-Mar-21a

 

[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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Trade-Like-a-pro

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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Trade-Like-a-pro

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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Still nothing too exciting

But things are starting to develop nicely as new trades start to develop.

 

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EURJPY – Long Pending

Im pending a long entry at 140.90
The void level for this entry is price movement through 140.20
by time you read this, it may have already voided
 

GBPJPY – Short Developing

Two of the three conditions have been met to enter.
Current I’m waiting for a push lower than the 1 point and then a pullback. Entry will be below the 2 point as marked off on the chart

EURUSD – Long Pending

Im pending a long entry at 1.3780
EU finally moving out of its longer term consolidation pattern

GBPUSD – Short Pending

Im pending a long entry at 1.6650
Open longs need to also be managed to the new short trade entry level.
Longs were opened at 1.6440 – Locking in +110

Dow Futures YM March14  - Short Developing

Dow is currently also meeting 2 of 3 final conditions.

Current I’m waiting for a push lower than the 1 point and then a pullback. Entry will be below the 2 point as marked off on the chart

 

 

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Trade Management
I split my trades into 3 units

  • Unit 1 – Open – closed on a new opposing signal.
  • Unit 2 – Closed at +40
  • Unit 3 – Closed at +100
  • Stop loss is initially -40.
  • When target 1 is met for +40 the remaining two units stop loss is moved to -20. This is a managed break even trade.
  • When Target 2 is met for +100 the remaining units stop loss is moves to entry level. This is now a profitable trade.
  • The last unit is closed when a new opposing signal is confirmed

 

 

 

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