FOREX PRO WEEKLY October 07-11, 2013
- Thread starter Sive Morten
- Start date
frankiebgood
Private
- Messages
- 23
I found two ways to trade this consolidation triangle on USDJPY:
Strategy #1 (aggressive approach):
Buy 50% of your normal position size at market and put stops beneath 95.70. Target is 104. Move stops to break even when market reaches 1:1 risk / reward ratio. Close 50% of your position at 100.00.
Strategy #2 (for patient traders):
Go LONG with your normal position size on the break above 100.50 and put stops at 97.00. Target would then be at 106.00.
Good luck.
Strategy #1 (aggressive approach):
Buy 50% of your normal position size at market and put stops beneath 95.70. Target is 104. Move stops to break even when market reaches 1:1 risk / reward ratio. Close 50% of your position at 100.00.
Strategy #2 (for patient traders):
Go LONG with your normal position size on the break above 100.50 and put stops at 97.00. Target would then be at 106.00.
Good luck.
Peter Szabo
Private, 1st Class
- Messages
- 57
Hi Lolly!
I attached MN,Weekly and this is the H4
Peter
I attached MN,Weekly and this is the H4
Peter
Peter Szabo
Private, 1st Class
- Messages
- 57
Price action is still in the shadow of Fridays daily candle and here is a tricky option because daily upper swing fractal level is a tick above yesetrdays high so change of direction could happen far below projected target! Take care!
Lower it goes lower 100% projection will be, but I dont expect much lower.
This is hourly chart but labeling is based on H4 so we supposed to go into last abc toward Y around 13630. All potential harmonics are same as yesterday.
Good trading!
Good trading!
0830: Drop has not changed my overall picture but opposite now 113 extension is almost in pip in confluence with 100% expansion! So two targets, 1st at 1,3620 and perhaps 2nd as Double top.
Lower it goes lower 100% projection will be, but I dont expect much lower.
This is hourly chart but labeling is based on H4 so we supposed to go into last abc toward Y around 13630. All potential harmonics are same as yesterday.
Good trading!
Good trading!
0830: Drop has not changed my overall picture but opposite now 113 extension is almost in pip in confluence with 100% expansion! So two targets, 1st at 1,3620 and perhaps 2nd as Double top.
Last edited:
Lolly Tripathy
Sergeant Major
- Messages
- 515
HI peter..
this is my plan.. but i will easily change this if sive sir say something different
he he he
Last edited:
President Barack Obama nominated Federal Reserve Vice Chair Janet Yellen on Wednesday to run the world's most influential central bank and urged the Senate to confirm her without delay.
Yellen, an advocate for aggressive action to stimulate U.S. economic growth through low interest rates and large-scale bond purchases, would replace Fed Chairman Ben Bernanke, whose second term ends on January 31.
hehe, here we go.......
Yellen, an advocate for aggressive action to stimulate U.S. economic growth through low interest rates and large-scale bond purchases, would replace Fed Chairman Ben Bernanke, whose second term ends on January 31.
hehe, here we go.......
from a member of another forum
The smaller ratings agency, DBRS, is considering downgrading the AAA-rating of the US.
• Action reflects the growing risk of a selective default by the federal government on its debt securities
• If the debt ceiling is not raised or eliminated by October 17, it is unclear how the Treasury would operate
• While a low probability, missing payments on selected government securities cannot be ruled out the longer it takes for an agreement to be reached on the debt ceiling, the greater the risk of missed payments
• The review for downgrade reflects the increasing uncertainty over the debt ceiling outcome
• If by October 17 there is still no agreement to raise the debt ceiling and the United States subsequently misses a debt payment, DBRS would assign a Selective Default rating to the affected securities
• If there is a full-fledged default involving a wide array of securities, the magnitude of the downgrade would be greater
• My guess is that Fitch could do the same on Thursday or Friday. This is being largely ignored but Fitch doing the same could create much bigger ripples in markets.
The smaller ratings agency, DBRS, is considering downgrading the AAA-rating of the US.
• Action reflects the growing risk of a selective default by the federal government on its debt securities
• If the debt ceiling is not raised or eliminated by October 17, it is unclear how the Treasury would operate
• While a low probability, missing payments on selected government securities cannot be ruled out the longer it takes for an agreement to be reached on the debt ceiling, the greater the risk of missed payments
• The review for downgrade reflects the increasing uncertainty over the debt ceiling outcome
• If by October 17 there is still no agreement to raise the debt ceiling and the United States subsequently misses a debt payment, DBRS would assign a Selective Default rating to the affected securities
• If there is a full-fledged default involving a wide array of securities, the magnitude of the downgrade would be greater
• My guess is that Fitch could do the same on Thursday or Friday. This is being largely ignored but Fitch doing the same could create much bigger ripples in markets.
and here is interesting comment more than 4,5 years ago, on very beginnig when indeces were at last very bottom
Learning markets
Learning markets
Lolly Tripathy
Sergeant Major
- Messages
- 515
hi sive sir...
hi to all my friends..
as today is 10th oct means 10.10
and our daily vdo is also 10min.10sec
so its 10.10.10.10.
hi to all my friends..
as today is 10th oct means 10.10
and our daily vdo is also 10min.10sec
so its 10.10.10.10.
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