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NZD/USD, NZD/JPY and EUR/USD on watch for me today.Good morning one and all. After some big moves this week a lot of the pairs that I trade need a little bit of time to develop new structure in my opinion and experience. That said there are still three which I really like the look of this morning and more importantly that make sense to me. However after studying my Trading Journal more thoroughly this week than I ever have before and after doing more backtesting than I ever have before I've discovered some priceless and very simple little tweaks that I could make to improve my trading results, so I'll be looking to trade the pairs which I have on watch this morning with a tiny bit more caution than I previously would have given that they could easily form new structure before commiting to the upside after the bearish momentum we've seen from them this week. My forecast as always I've pasted below. Have a great day and I'll speak to you again tomorrow! NZD/USD: • If price pushes down to and ideally just below our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/JPY: • If price pushes down to and ideally just below our lower rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD: • If price pushes down to and ideally just below our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
NZD/USD, NZD/JPY and EUR/USD on watch for me today.Good morning one and all. After some big moves this week a lot of the pairs that I trade need a little bit of time to develop new structure in my opinion and experience. That said there are still three which I really like the look of this morning and more importantly that make sense to me. However after studying my Trading Journal more thoroughly this week than I ever have before and after doing more backtesting than I ever have before I've discovered some priceless and very simple little tweaks that I could make to improve my trading results, so I'll be looking to trade the pairs which I have on watch this morning with a tiny bit more caution than I previously would have given that they could easily form new structure before commiting to the upside after the bearish momentum we've seen from them this week. My forecast as always I've pasted below. Have a great day and I'll speak to you again tomorrow! NZD/USD: • If price pushes down to and ideally just below our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/JPY: • If price pushes down to and ideally just below our lower rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD: • If price pushes down to and ideally just below our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
EUR/GBP and EUR/NZD on watch for me today.Good morning guys and girls. I hope you're doing well. So my NZD/JPY trade which I liquidated on Sunday night would now (had I not liquidated it) be running at just over +8.00% profit with +7.81% locked in which would have been my most profitable live trade of all time in both percentage and monetary terms. Am I frustrated by this? Not at all. In fact I actually feel motivated because I previously never even used to miss these moves because I didn't know how to forecast them in the first place and one of the reasons I feel motivated is because I was backtesting yesterday and based on something which I discovered on my charts plus one other tweak which I've made to aid my psychology I know that had I been in this trade today I most definitely would not have liquidated my position. Furthermore this is the second +7.00% move that I've missed in one week, so it's only a matter of time before these bites turn into catches! I'm not in any trades at the moment but my forecast for today I've listed below. I only have two pairs on watch today because we've seen some big moves this week and after big moves I typically prefer to let the market show its hand rather than trying to catch a bunch of falling knives. I've just added EUR/GBP to my Tuesday Forecast but this might not be ready by the end of the day, but since I only have one other pair on watch I thought I'd add it into the mix as a bit of a hedge. Have a great day! EUR/GBP: • If price corrects and a tight one hour flag forms then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below our rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
EUR/GBP and EUR/NZD on watch for me today.Good morning guys and girls. I hope you're doing well. So my NZD/JPY trade which I liquidated on Sunday night would now (had I not liquidated it) be running at just over +8.00% profit with +7.81% locked in which would have been my most profitable live trade of all time in both percentage and monetary terms. Am I frustrated by this? Not at all. In fact I actually feel motivated because I previously never even used to miss these moves because I didn't know how to forecast them in the first place and one of the reasons I feel motivated is because I was backtesting yesterday and based on something which I discovered on my charts plus one other tweak which I've made to aid my psychology I know that had I been in this trade today I most definitely would not have liquidated my position. Furthermore this is the second +7.00% move that I've missed in one week, so it's only a matter of time before these bites turn into catches! I'm not in any trades at the moment but my forecast for today I've listed below. I only have two pairs on watch today because we've seen some big moves this week and after big moves I typically prefer to let the market show its hand rather than trying to catch a bunch of falling knives. I've just added EUR/GBP to my Tuesday Forecast but this might not be ready by the end of the day, but since I only have one other pair on watch I thought I'd add it into the mix as a bit of a hedge. Have a great day! EUR/GBP: • If price corrects and a tight one hour flag forms then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below our rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
Forecast Amendment: EUR/CAD Added Into The Mix. Hi guys and girls. I've just added EUR/CAD into my Monday Forecast. Initially I thought that price might take until tomorrow to push down into our high value area, but it's reached it a little sooner than I'd anticipated and if price is going to shift and move a little more quickly than we otherwise might anticipate, then at the start of market open on Sunday night, or at at the open of the London Session on a Monday morning (BST) is when it's most likely to do so. So as professionals we don't use our egos to trade and cling on to what we thought might happen, but we adjust our sails when the wind changes direction. EUR/CAD: • If price pushes down to and ideally just below the lower descending trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If price pushes down to and ideally just below the lower descending trend line of our most recent piece of structure and it does so impulsively, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
1
CHF/JPY, AUD/CAD and CAD/JPY on watch for me today.Good morning guys and girls. I couldn't bring you a video this morning as I had to catch a train down to London so that I could spend some time with my mum for a couple of weeks as she'll soon be celebrating her 60th birthday. We saw quite a bit of movement during the Asian Session, so I've just had a look at my Top 6 and my Wildcard list pairs, reassessed the situation and then reforcasted, which is no easy feat on a wobbly train with the world's noisiest adults and their screaming kids on board I can tell you, so do excuse my artwork. So much for me specifically opting for the "quiet carriage". Lol CHF/JPY: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair AUD/CAD: • If price corrects and a tight one hour flag forms then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. CAD/JPY: • If price pushes down to and ideally just below our rayline, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
1
CHF/JPY, AUD/CAD and CAD/JPY on watch for me today.Good morning guys and girls. I couldn't bring you a video this morning as I had to catch a train down to London so that I could spend some time with my mum for a couple of weeks as she'll soon be celebrating her 60th birthday. We saw quite a bit of movement during the Asian Session, so I've just had a look at my Top 6 and my Wildcard list pairs, reassessed the situation and then reforcasted, which is no easy feat on a wobbly train with the world's noisiest adults and their screaming kids on board I can tell you, so do excuse my artwork. So much for me specifically opting for the "quiet carriage". Lol CHF/JPY: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair AUD/CAD: • If price corrects and a tight one hour flag forms then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. CAD/JPY: • If price pushes down to and ideally just below our rayline, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
1
CHF/JPY, AUD/CAD and CAD/JPY on watch for me today.Good morning guys and girls. I couldn't bring you a video this morning as I had to catch a train down to London so that I could spend some time with my mum for a couple of weeks as she'll soon be celebrating her 60th birthday. We saw quite a bit of movement during the Asian Session, so I've just had a look at my Top 6 and my Wildcard list pairs, reassessed the situation and then reforcasted, which is no easy feat on a wobbly train with the world's noisiest adults and their screaming kids on board I can tell you, so do excuse my artwork. So much for me specifically opting for the "quiet carriage". Lol CHF/JPY: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair AUD/CAD: • If price corrects and a tight one hour flag forms then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. CAD/JPY: • If price pushes down to and ideally just below our rayline, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
EURUSDVividly here, the EURUSD is trapped in a falling wedge which is soon to be broken, on whose course we will be capitalizing to the upside. However, the market may provide a final push to the downside to the previous swing point, thereby justifying the falling wedge pattern with a third touch. Therefore, proper Risk management is required as we trade reactively to price behaviour at these levels. Thanks and Good luck. Please like, comment and follow for more analyses and educational contents.
Long
by MiratonicFx_Trading
4
GBPJPYHere on the GBPJPY 10 Hour Time Frame, we are expecting an overall bearish swing move to the downside after break of trendline. However, we may see an impulsive break of the trend curve to the upside as price is currently in a bearish correction, to run-off liquidity; likely, a clearer price pattern may be formed for SHORT entry. Hence, we'll rather be reactive and not predictive on these moves, responding to price behavoiur at these levels. NB: Same can be seen on the Daily Time Frame. Thanks and Good luck. Please like, comment and follow for more analyses and educative contents.
Short
by MiratonicFx_Trading
GBPUSD Trade RecapIt has been a sweet surf on the GBP since the 16th of June, heavily to the downside. However, we may experience a correction up to 1.4100 before continuation to the downside considering the strength of the USD. No matter come what may, we'll rather be reactive and not predictive on these moves, depending on price behaviour. Thanks and Good luck. Pls like, comment and follow for more trade setups and educative contents. Also feel free to check out previous trade forecasts on this end.
by MiratonicFx_Trading
WTICO/USD, GBP/CHF and AUD/USD on watch for me today.WTICO/USD: • If price pushes up to and ideally just above our outer structure upper rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price simply impulses back down below the upper rayline of our most recent piece of structure, it does so in a convincing manor and a subsequent tight flag forms, then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. GBP/CHF: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above the upper rayline of our most recent piece of structure, then regardless of how it does so I'll once again be waiting for a convincing impulse back down followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. AUD/USD: • If price pushes up above our previous high, it does so impulsively and in a convincingly manner and a subsequent tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade.
by StewySongs
2
USD/JPY, AUD/USD and WTICO/USD on watch for me today.USD/JPY: • If price corrects and a tight one hour flag forms then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. AUD/USD: • If price corrects and a tight one hour flag forms then I'll be looking to get long with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. WTICO/USD: • If price pushes up to and ideally just above our outer structure upper rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above the upper rayline of our most recent piece of structure, then regardless of how it does so I'll once again be waiting for a convincing impulse back down followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades.
OANDA:WTICOUSD
by StewySongs
USD/JPY and GBP/CHF on watch for me today.USD/JPY: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price simply impulses back down below the upper rayline of our most recent piece of structure, it does so in a convincing manor and a subsequent tight flag forms, then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. GBP/CHF: • If price pushes up to and ideally just above the upper rayline of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade.
Short
by StewySongs