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The time has come... 500-700 pips are lining up!GBPNZD has been on my radar for weeks and actually MONTHS! I've been waiting for this pair to start showing upward momentum and start pushing higher, it has given us a favorite chart pattern... a bull flag! ENTRY: I'm looking at 1.7700 area, there are fibs and flag support there, I would like to buy dips with short term trend line confirmation (1 hour trend line break to buy the dip etc) STOPS: below 1.7500 looks pretty safe at the moment, otherwise we have to go real deep on the stop area. Target: 1.8000 will be a great area, but ideally I'll hold on until 1.8300/8400 I'll keep you all updated! Happy pippin!
Long
by JaredJJohnson
I'm very short term "long" here- looking for 100+ pipsthe EURUSD has cratered for the last few weeks and I'm left wondering what may happen as we approach 13 year lows on this pair. 1.0470 (give or take a few pips) is the lowest level since 2003, anytime I see a double bottom happen with nothing nearer than 13 years prior I get curious and I can tell you I'm curious. EURUSD could be headed into MASSIVE lows, I'm super bearish with this pair. However it has dropped a goooood amount into fairly historic levels, it should be time for a little pull back/correction. Here is what I'm looking for, a break of the channel, let it reach the current weekly pivot, re-test the trend line break out then move up into 1.0740/50 area. Ideal entry: 1.0650 (remember break out, then retest, I'm not buying the first break) Stops below 1.0570 Target: 1.0740 and 1.0845
Long
by JaredJJohnson
quick 80-100 pips coming up!This is a favorite trade of mine, it's done on a short term chart (15 minute) and the beauty of it is we use some trend line to confirm entry, if we don't get the break we don't take the trade. This one is coming up on overbought so watch for a short term trend line break and a move back down towards 108.00. Stops are flexible, I usually add to this trade if it goes against me. So it if does I keep selling with new confirmation until all positions are in profit, trade management is super important here. I'll keep you updated on the details.
Short
by JaredJJohnson
500-700 pips, SIGN ME UP!We have a GREAT pattern on a daily chart, this has been long awaited! We have some GBP volatility coming with the Dec 7th vote in the UK pertaining to Brexit, but we have nearly a month to tackle this trade. ENTRY: two things, first get a daily close a above the descending trend line. Also I'd like to see 1.6550 break, then I'll buy pull backs with short term trend lines on hourly and 15 minute charts. TARGET: monthly pivot at 1.7200 at least, I will create symmetry measurements as the move progresses. STOP LOSS: I will stay in this trade as long as it stays above the descending trend line, otherwise we have to use a 400-500 pip stop loss, that is TOO big for me!
Long
by JaredJJohnson
Long term pattern is confirming, hundreds of pips lay ahead!Of course I don't want to be in anything before the US elections, the JPY pairs will probably move a fair bit US election results. But this is a clean wonderful set up! Here's how I'm planning on trading this. 80.00 was my buy level, it got a bit choppy right there so I stayed out, I want to enter as close to 80.00 as possible after the election. I'll stay in the trade as long as it stays above the trend line of that falling channel I'm targeting at least the 38% fib level around 84.00, probably it will move much higher in the long term but that's a great short term target for me. Questions? Leave a comment below and i'll respond.
Long
by JaredJJohnson
Is it time to buy GBP? Check this outI know no one wants to touch GBP pairs with a 10 foot pole but I think we might finally be in good territory for jumping into some GBP strength. Here's what I think we could start with... 1. The flash crash high has held very nicely on this pair, it looks like a short term top for now 2. There's a long term trend line that gets re-tested over and over again that should provide a clean break out area. 3. There are several missed pivots below that act as great targets for attracting price. So I will wait for a 4 hour candle to close below this trend line, once that happens i'll be looking to get short (sell) as near to the trend line as possible with stops above the recent highs and targeting the lower missed pivot points.
Short
by JaredJJohnson
EURUSD LONGWhat I have included on this chart is : An Impulse wave An equidistant channel A Fibonacci extension And A fibonacci retracement from the 1.618 level of the extension The impulse wave and the fibonacci extension both create a major support level at the ~1.08641 level which has been tested quite a bit recently. The white levels are the retracement and I can see the first leg of the corrective wave reaching the .382 level of the retracement; setting a TP at ~1.09194
Long
by bcombs95
Buying dips- looking for 300-500 pipsUSDCHF has done NOTHING for a long time and now it looks like it's almost ready for something kind of big. We have a great longer term pattern setting up there and we're looking for opportunities to buy dips when/if this pair retests the break out area. Here are a few scenarios: 1. buy dips around .9800-30, stops down around 9600, target 1.0300 (max target). 2. buy breaks of .9900 with the option of adding to the position as low as .9800, still targeting 1.0300 highs
Long
by JaredJJohnson
Stop NOT Trading This Pair!If you haven't been trading NZDCAD, you've missed out on some great pips/trades/profits/rides to the bank whilst laughing/etc! This pair can be abusive, as long as you go into it knowing that everything is mucho easier! OK here's what I'm doing AGAIN on this pair, I've been shorting it from 9650, in and out several times. This recent retracement has pulled back, almost to the pip, 61.8%. I'm ready for one of two things: 1. sell the break of .9465 2. sell the secondary channel if it forms below the current ascending trend line. STOPS are above .9575, a break above there will likely move an add'l 85+ pips into the next major resistance, no thanks. TARGET .9300
Short
by JaredJJohnson
Sell the @#$% out of this break out level!I've been discussing selling EURUSD for some time now, it keeps pulling back small and selling off bigger. There's assortment of pivots that make it look like a trend is starting to pick up momentum. Draghi's comments today had some pretty serious mixed reactions for euro pairs, the overall takeaway was, we're probably going to sell the curly hair out of the EURUSD! 1.0910 was Brexit low for this pair, now we're right back to retest that area, a break below here looks great! Here's what I'm going to be doing: sell break of 1.0910 targeting 1.0700 and 1.0650 stops- moves back above 1.0950 will make me look for small losses and reassessing the set up.
Short
by JaredJJohnson
5
This could swing either way- 50-100 pips should be easyUSDJPY is definitely a pair I want to be long and buy every opportunity. However the mixed movement with USD pairs makes this a possible sell trade for the short term while we wait to buy dips. All jpy pairs look like better buys than sells but I would consider shorting this down to the weekly pivot for 100 pips. If you're not feeling aggressive, wait for dips and buy any pull backs looking for longer upper targets at 107.50.
by JaredJJohnson