38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANK
JPYSGD trade ideas
Stop Hunts = Necessary Evil Every stops being taken out is to service one of the purpose =
A) to push the price further in the institution trader's intention of price manipulation towards their ultimate intention i.e their ultimate intention is to buy at a low price say 1.0000, so they take out some stops at 1.0500 to provide liquidity for the short term move towards the cheaper price at 1.000. In this case, a sell stop at 1.0500 would have been consumed so the price could go further down.
B) to get enough orders for them to consume so they will avoid or limit slippage when they execute their market order and/or their buy/sell stops gets filled. i.e They manipulate the price towards 1.000 and take out all the sell stops so they can buy it (sometimes the buy stops AND its stop losses. A stoploss for a buy stop is a sell stop and vice versa)
For SGDJPY, if an institutional trader in Singapore or Japan wants to Short SGDJPY with a huge order, they need to manipulate the price to get more liquidity. If i was a reversal support/resistance trader and I already shorted this pair, I would definitely put my stoploss at the area I illustrated in the skyblue line at 77.35 to 77.50. My stoploss is FOOD for the bank traders. The rule of thumb is simple : The more obvious the S/R line is, the more likely it is becoming a manipulation zone/stophunt zone. So, if price breaks above Friday High and close above it, I would be looking a bearish signal. The higher it goes, the better .
If the bank trader wants to go Long and there is not enough liquidity (it's a Monday, of course, it is more likely not enough liquidity), a stop hunt is basic modus operandi to make sure your Long order would get spilled without slippage/limited slippage (also they could split their order which on the chart would cause a lot "re-tests of support" and ugly whipsaws (accumulation). If the price breaks and close below Friday low (preferably going at 76.80-76.60 (the lower the better), then I will be looking for a bullish signal there
Please read related post below.
Sgdjpy Long BiasGood day!
This is sgdjpy analysis.
price is reacting to the previous monthly demand area. Hopefully it is going to drop soon.
Happy Trading.
RSI divergence at yearly S2 (75.922)Seems like a great setup. Price cant get through yearly pivot support2, overextended. Last hour candle was bullish pinbar off yearly s2. RSI is like Xray, helps to detect the decease. AD volume of SGDJPY is in long term bullish uptrend on daily.
Possible SGD/JPY Short Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 4-12 Hours
Actions on -
A – Activating Event
Market will meet resistance in zone @ 79.5 - .... and fall to the 79.15. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 79.15
FX:SGD/JPY
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 79.15
Target 2 @ ....
Risk/Reward @ 2.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
tight tight tradei base my trade using pivot and trend.
this is not a trade signal but a personal chart and journal.
but feel free to follow and comment.
SGDJPY, Sell on H4**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions, -
SGDJPY LONG ENTRY SETUPWaiting for entry by setting up crossover alert on the slow stochastic.
Use stocktwits to verify safe fundamentals before entry
Where it goes after this target is beyond me. Mixed signals means move on to something else.
SGDJPY 4h AutoUFOs™ Trade Alert! 19 June 2019Execution:
Buy Limit @ 79.05
Protective Stop Loss @ 78.80
Take Profit @ 79.45
Rationale:
Buy Un-Filled Orders (Green UFO ) available in the 4h time-frame
Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
SGDJPY 4h AutoUFOs™ Trade Alert! 19 June 2019Execution:
Buy Limit @ 79.05
Protective Stop Loss @ 78.80
Take Profit @ 79.45
Rationale:
Buy Un-Filled Orders (Green UFO) available in the 4h time-frame
Sell Un-Filled Orders (Red UFO) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
SGD/JPY, open entry after range break outI will open buy when the price will break out a range
The best entry will be when 1 or 4-hour candle will close above 80.23 as confirmation
