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Daytradersfx

Oh what a range, what a beautiful range!Sorry for the "Mad Max" reference, such a great movie! AUDUSD has one of the best ranges I've seen yet! it's just shy of 100 pips, if you're a range trader than feel free to take advantage on buying lows and selling highs of this 100 pip range, keep stops tight because when this breaks out it's going to be probably with some good momentum. Once the range breaks, I'm looking for at least 100 pips either direction. A break above 7700, I'm targeting at least 7800 A break below 7600, I'm targeting at least 7500 It's really that simple, trade the range until it break, then trade the h'word out of the break!
by JaredJJohnson
1
9950- make or break (big move coming up)9950 is such a big level for USDCHF, if this holds we could see a nice bounce. BUY SIDE: I highlighted what could be an inverted hammer (depending on how the daily candle closes) if we keep a bullish body to the candle, 9950 could be a major bounce level for a big move higher, with tight stops below 9950. SELL SIDE: if 9950 doesn't hold I think the break lower will be severe, 9650 looks like the next best place to target. Summary: If there's a convincing bounce off 9950 i'll buy in with tight stops below 9950. IF it goes flat and breaks, i'll sell the break of 9950 targeting 9650 while locking in profit along the way. There's big news this week that could cause lots of USD volatility so this will be tricky to trade, I'll update as things move forward.
by JaredJJohnson
Clean range, multiple opportunities hereThe EURUSD is probably my favorite pair to love and hate, but there are clear levels to work with so let's do it. 1) there's a 55 pip range which will offer opportunities to buy and sell highs and lows. Ideally I'd like to short the range high, take partial profit at the low and allow a portion to run towards the weekly pivot. Likewise I'd like to buy the low and take a partial profit at the range high, leaving a portion to run for the possible break higher. 2) should the range break, we need to be ready to buy or short the break up or down, I expect 40-50 pips out of the break out up or down. 3) There's no real option 3, just make money and work towards world peace or something
by JaredJJohnson
The Rising Wedge Is BACK! (200 pip target)Last week I talked about this rising wedge, it flexed it's muscles and we have to expand the wedge a bit, but it's all still very much intact and I'm super anxious to get into this trade short. Specifically for EURUSD there's ECB news on Thursday and Trump on Friday, sooooo.... I'm looking for end of week to trade this pattern. Ideally I'd like to see: ENTRY: wedge break out, small retest and sell that STOP: above highs TARGET: 1.0350 area
Short
by JaredJJohnson
1
Talk about a long shot- 200 pips worth!OK so Trump, or whoever, caused the markets to go HOG wild this morning, which is cool! We had some nice pips on EURUSD and the first target was hit so that's fine. This might seem like a long shot, and maybe it is, but we could see the start of a larger pattern forming here. Here's what I'm looking for: The completion of a rising wedge, it's dependent on STAYING BELOW 1.0650! If that level breaks then I'm not going to completely reassess. ENTRY: Short rising wedge break out STOPS: above 1.0650 TARGET: 1.0350 and 1.0175 (and parity of course)
Short
by JaredJJohnson
One more push higher the it's SHORTY time!I might be alone here but I can't imagine going anything other shorting EURUSD, any squeezes higher should be nice entries to sell the rallies. There's a lot of fundamental reasons behind why I think the EURO is headed down in a major way, blog posts coming on that, for the mean time google it! ;) To be clear, I want to short any confirmation that it's headed lower. For now I'm looking for 1.0600-50 for areas to short. I'm going to get an aggressive trend line and sell any breaks, I don't expect a move much above 1.0700. ENTRY details: entries between 1.0600 and 1.0650 (looking for this area + trend line break lower for entry) STOPS: above highs which will be at/around 1.0700 area TARGET: 1.0350 AND Parity
Short
by JaredJJohnson
1
Sell Range Highs... If You Like Money!I'll keep this short and sweet, I can't see too many other scenarios to be long EURUSD much earlier than parity (even then I think I still want to be short). Anyway, Massive resistance sits around 1.0500 and we have a monthly pivot up at 1.0580, I will be looking for any reason imaginable to sell this pair at those levels, I'll probably start small at 1.0500 and add to it if we see 1.0580. ENTRY ideas: sell at 1.0500, 1,0580 with some trend line confirmation STOP loss: above 1.0675 TARGET: 1.0350-60 is great for near term targets 1.00 is my medium term target .90 is my long term target (yep, I'm serious!)
Short
by JaredJJohnson
1
Two areas to short, 200 pips of scoot is comingI like to keep these trade ideas simple, here are the areas of entry, where I want to take profit. If you want to know mow about how I came to this conclusion, leave a comment below. I'm looking for two areas to short GBPUSD: ENTRY: sell retracement at 1.2530-70 area OR sell break of low at 1.2365 STOPS: if the lower entry gets filled, my stops will be above 1.2500, if upper gets filled, stops above 1.2750 TARGET: 1.2200/1.2165 BOOM! Let's make some money!
Short
by JaredJJohnson
3
Let's buy this puppy... with confirmation!!USDCHF has failed many times around the 1.0200/1.0300 area and maybe now it's ready to go. So far the USD has been beat up to start the week but it could also just be a nice chance to buy some dips and get long again this pair. I'm looking at these entry details: BUY: as always looking for trend line breaks to confirm the buy, but liking 1.0130/40 area to start buying STOPS: longer term you should have them below parity, short term keep stops tight below 1.0100. TARGET: 1.0220 and 1.0330 AND 1.0500
Long
by JaredJJohnson
Channel is finally breaking out- look for 100 pipsI feel like a broken record, I talk about 100 pip trades all day long, the funny thing is 100 pips is hard for some people to make, if you're one of those people then bask in this set up! THE DETAILS: 1) this could pull back now or lower around the 1.0035 area, either way be ready to short that pull back at/around 1.0060-80 area 2) I'll have stops above 1.0150, I don't want to fight this trade if it can't stay below the break out zone 3) watch for support/bounce around 1.0035 but I'm ultimately waiting for 0.9950 area for profit target
Short
by JaredJJohnson
Coming off 13 year lows- quick bounce for 100'ish pipsI have not been very excited to be short USD lately, I've been riding the trend along with everyone else, here are some reasons I'm looking to trade USD weakness on EURUSD. 1. the 13 year lows around 1.0500 have held very well 2. Short term charts are showing higher lows 3. we're approaching a solid trend line So if there is an hourly open above the trend line, a retest of the trend line, I'm buying up towards 1.0740 and 1.0815 with stops below 1.0565. I won't fight this trend too much, I will be aggressive to lock in profit and move stops along with the trade.
Long
by JaredJJohnson
1
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