09:00GMT GBPUSD into hot waters 1.65 - will it break and drop to lower to meet at 1.62
08:20GMT EURGBP is hitting SELL level - it will be worth trading around 0.9120 SHORTS
08:20GMT Is this "Thin trading"? Daily please!!
08:00GMT Though my forecast was free but it was worth millions yesterday I promised that I know GBPUSD will hitfrom 1.6720s to 1.6550 or lower [*****]
07:40GMT GBPs Dust is almost set hope all smiles are back.
05:50GMT was that USD or YEN low here is the proof -it was yen
05:40GMT Is GBP running high is over as FTSE is just touching Fibo 61.8% retrace level.
04:10GMT Some of the Japanese & Singapore FX brokers reporting faulty signals generated by some trading platforms - caution.
04:10GMT fibo 261% :- GBPJPY - 143.20 and EURJPY - 129.20
04:10GMT Is this Global economy rebalance shift - If this continues with USDJPY I do see Toyota, Honda, Sony etc running for bankrupcy..very manipulative players!!!
04:00GMT USDJPY targeting 261% & 423% of Fibo first 86.00 for 261% -"a new trend"
02:40GMT I'll give forecasting a small break till dust is settled - don't want any of blogiewers to do emotional trading. In general current directions set for GBPUSD down, GBPJPY will test lows, EURGBP down but rangebound, EURJPY rangebound, EURUSD - down. Small stophunts are expected in between.
00:00GMT Good Morning Friends, may be not so good for many. Yesterday your race car must have skidded - all USD fundamental data was good except crude oil stocks. But still USD was thrashed and you are thinking how to steer this situation. Today, its US bank holiday and next 48 hours is crucial for USD. I think GBPs and JPYs are bubble situation except EURs. The race track wants many racers to skid & crash but drivers like me applied brakes gently when things was going against. Waited for right time to trade and take small pips. No major data release for today and t'mrrow; so markets are at the mercy of big players. I expect next week to be very reserve trading as traders will be closing their position to handle NFA changes. EURUSD hit the SELL level today morning that shows that it will try to consolidate today. The hyperactive GBPs & JPYs will show more extreme panic situations. I decided to wait till dust settles. EURGBP is another story that needs to be tracked. I expect this to cross 0.91 very soon. I will advise to hold on & watch the shaping UP-DOWN. Always keep 8 hrs chart prospective; current highs & lows are temporary. Gold heading to 1200 will be very crucial for make or break situation.
To clarify the ENV4488 strategy (fit in small triangles in Upper /lower segments):
if you're finding 1min chart very difficult during volatile markets then try on larger timeframes like 5 & 15 and change the parameters to adjust the blue channel & green channel. Keep the ratio between the channels.
Haven't added to my u/j long since 87.63.
ReplyDeleteAvg now is 89.32. So glad it's only 40 cents a pip, well, now it's at 48 cents a pip as pip cost just rose.
UJ is the surprise - I'm seeing 8 hrs chart and watching how players are in game.
ReplyDeleteI do not have the words to express what you have done here.
ReplyDeleteFor me, you have made all the difference.
Do you want the world to know?
I'm happy to see it made ur day.. no not to be world famous; let me trade into millionaire then think abt fame ;D
ReplyDeleteForget the day: you have provided the necessary tools and guidance to allow someone who is really into the "work" to achieve the dream.
ReplyDeleteI wonder if someone brand new could be profitable in a short time, or if they would still need to bust their emotional and physical ass for years first.
I only told you how to use wood to build boat and cross the sea but it is upto individuals to act. If you understood the strategy then you will cross the sea. I myself is in middle of sea not crossed it yet. i don't mind if it helps many small traders but just be aware that everyday is not golden day. there may be room for improvements that I won't notice but help each other to complete. I grade myself as still learning everyday as race track ahead is "UNKNOWN"
ReplyDeleteForgot to ask - how many pips
ReplyDeleteBroke up the cover into 4 buys..........
ReplyDelete5 pips
37 pips
79 pips
and trailing the last....currently at 72 pips.
Testing the theory that the low will be broken 3 times, so there should be 1 more drop, but I will cover if it retraces to 50 pips.
5 min pivots actually for the new stop.
ReplyDeleteexpected to land between 1.6530-00
ReplyDeleteI took the last at 90 pips.
ReplyDeleteexcellent very close to 100 then congrats - I'm not trading like my usual as I need to close 90% of open trades for NFA deadline.
ReplyDeleteworst part is I added 22 new trades since yesterday till today 8 GMT (usual trend) so sleepless night for today and may be late working t'mrrow. Started working out a plan if I cannot close most.
ReplyDeleteJackie - are you ok with your 1 min trades - hope u closed all +ve pips
ReplyDeleteMany of the pairs in my UK account have no margin increase at all.
ReplyDeleteThe U.S. account increase is just rude.
FXCM instituted the increase last week, for better or worse.
I guess you have a U.S> account?
yeah this weekend its due but I'll have to close half of my trades to handle big day.
ReplyDeleteHi
ReplyDeletewoke up this morning with the sun shining and my gu closed in profit only taking 33 pips as set my tp at 6616 when i went to bed. Only wish I had followed your rec all the way down but + pips is + pips. Thanks. All my 1 minute envelopes have closed in profit but traded uc and it went against me 45 pips but came back into profit. I have added a trix indicator to this which seems useful to keep me out or the trades when price runs up outside the 44 still trying this.
I was trying to look at the setup for the envelopes for 5 min envelopes yesterday. Can you help on the settings? When you say same ratio is the the 0.07 and 0.14?
ReplyDeleteAll jpy's are into buy levels. Are they "buys" or has the recent plunge given pause?
ReplyDeleteNice job Jackie.
I am inclined to see how far they go first.
the env work on 1:2 ratio 2 being the target channel and 3:1 on width. So for 5 mins ENV20,0.60 and 40,0.20 should work. I'm just saying out of my experience not tested yet but you can always tweak for your need; tell me whether this works or I'll test t'mrrow.
ReplyDeleteI use RSi but trix or ATR or ADX is always useful for trending. I've my own trix integrated into ENV triangles in segments. I'll explain in detail when I find more time from trading & planning.
ReplyDeleteRich did u get 261% of GBPJPY it was a good buy. Not sure whether Ej will test those levels. But its all safe bets.
ReplyDeleteyeah, and then forgot. Break time.
ReplyDeletethanks will try that today
ReplyDeletenot taken any trades yet on the 5min envelope but the settings that look about right to me are 20 0.10 and 40 0.30. Will see how this works
ReplyDeleteHappy thanksgiving to you and Rich if your in the USA :)
ReplyDeletesorry listed thoes setting wrong. 20 0.33 and 40 0.11
ReplyDeleteexcellent I'll test it soon..
ReplyDeleteWould have been nice to have been in that cable fall, shame it hit my tp over night. Hit both 12 and 24hr buys for the jpys and still falling lets hope they turn around all look pretty oversold on most time frames. Hope you both had a good day off. I guess Jeeson you will have your work cut out closing your positions for the weekend with this market move. Hope it moved in your favour???
ReplyDeleteThanks Jackie. I am in the U.S.
ReplyDeleteTo you too if you are US based as well.
GBP was fun. I was still holding from 2 days ago so I only got the 2nd half of the fall. I am in E/J long now and will, again, only get the 2nd half of the rise.
Im in the UK so off to bed and see what tommorow brings. looking forward to the bounce back of the J's. :)
ReplyDelete