dave25981155

dave25981155

If price breaks above Fridays high I will go long.

dave25981155 Updated 

Looks like higher probability for Dollar strength.

dave25981155

Today an inside bar formed inside yesterdays inside bar. This signals consolidation within the short-term uptrend. A break above the high of today will take me long with a stop below today's low. I will target 2R for taking profit, but around 1R I expect to encounter possible resistance. Still, I intend to leave the trade on unless a clear bearish candlestick...

dave25981155

There is still a strong downtrend in place. On Friday we saw a rejection of lower prices. Today we see a rejection of higher prices. This is in line with the trend and supported by horizontal and dynamic resistance.

dave25981155 Updated 

We have seen some inside bars in the short-term uptrend signaling some consolidation or indecision. Today was a volatile day with the BOC announcing interest decisions. The price broke lower breaking the low of the mother bar but closed inside the range. This is a high probability signal for a long trade. I will see if I can enter a little lower than the current...

dave25981155 Updated 

Strong down trend, long tailed bar, almost pin bar at horizontal resistance, targeting previous lows.

dave25981155

Last Friday an inside bar formed that was also a bearish pin bar with resistance holding prices down. There was both dynamic resistance of the 8 EMA as well as a strong horizontal level. I di not take this trade, but I planned it out to see if the signal would play out. It did play out. Notice that yesterday a bullish pin bar formed, suggesting that buyers came...

dave25981155 Updated 

A bearish engulfing patter formed against dynamic resistance of the 21 EMA in a major down trend

dave25981155

Strong down trend is in place. Tweezers patterns formed and after that a bearish pinbar. I will try to enter short at a 50% retrace of the pinbar with a stop above the wick and down trend line.

dave25981155 Updated 

Pinbar has formed on static and multiple dynamic support. I am placing a wider stop below 1.30

dave25981155 Updated 

Look like the EURUSD made a false break out the trading range it is in. The pin bar fakey signals a high probability of a turn around back into the range. I will be using a wide stop and target the inner top of the range. Trend: range Level: bottom support of the range Signal: fakey

dave25981155 Updated 

Trend: down since end of June on the daily charts Levels: horizontal resistance and dynamic resistance of the 21 and 50 EMA Signal: double bearish pin bars I will try to enter at the 50% retracement of the pin bars. I will place a wide stop above the wicks of these pin bars. First support comes at 1R. I will monitor PA closely at that level. If it breaks then...

dave25981155 Updated 

Today price retraced into previous broken support that now has become resistance. If price breaks below the lower low I will sell. Stop will be above the resistance area and target will be the next support level.

dave25981155

There has been a pullback into the 50 EMA and a horizontal support level during the current up trend. Looks like a good opportunity to join the trend

dave25981155

Strong trend up. Price pulled back and has been rejected. We might first see lower price to 73, before we see higher prices in a continuation.

dave25981155 Updated 

Bearish pin bar on horizontal resistance level and dynamic resistance of the 21 and 8 EMA. I will be going short if price breaks below recent low and I will be targeting the next major daily support level.

dave25981155 Updated 

I backtested a simple trend following strategy on the EURUSD. The accumilated pip curve can be found here: www.dropbox.com The rules are as follows: We take long and short positions. Entry long: EMA 20 is above the EMA 50. Enter at the first bullish Heikin Ashi candle Exit long: Exit long position at the first bearish Heikin Ashi candle. Entry short: EMA 20...

dave25981155 Updated 

There is a with-trend pin bar on resistance with confluence as the wick is touching the 21 and 8 SMA. I have put in a sell on stop below the low of the pin bar at 0.71983. Targeting 2R at the next support level with a stop above the high of the pin bar and above the resistance level.