Nikkei Possible Cypher / or some pause at least? - 14th March, 2014

Nikkei Possible Cypher / or some pause at least? - 14th March, 2014

H4 Chart

Outlook Trade opportunity

Possibly Looking for support confirmation on Yen FX pairs and go Long

Risk Level Medium / HIgh

Tips -

Always take note of any economical news event on our provided calender below

GBPJPY 15min Cypher Pattern - 11 March, 2014

GBPJPY 15min Cypher Pattern - 11 March, 2014

Outlook Trade opportunity

Chart says it all

Tips -

Always take note of any economical news event on our provided calender below

GBPJPY Forecast and Trade Setup for the week 24th Feb, 2014

GBPJPY Forecast and Trade Setup for the week 24th Feb, 2014

Weekly Chart

• Weekly performed a doji candle - a sign of uncertainty

Daily Chart

• Reached 2 trendlines / potential resistance and rejected from there giving us a pin bar candlestick pattern.

Hourly Chart

While writing this blog, i could see that there WAS a Bearish Cypher on the h4 chart which worked well with hitting minimum targets of this pattern. Anyway, it is too late to play this pattern.

With the Doji from Last week's candle - there could be good opportunity for scalps or range play while the market work itself out for the next move.

Outlook Trade opportunity

Please see hourly Chart, - I have a buy and a sell trade setup

Risk Level Medium

Tips -

Always take note of any economical news event on our provided calender below

GBPJPY Trade Setup & Forecast for the week 17th Feb, 2014

GBPJPY Trade Setup & Forecast for the week 17th Feb, 2014

Weekly Chart

After the pin bar 2 wks ago, bullish momentum respected the price action from the support and stochastic respecting this idea. MACD however is not in the same wave length , and is crossing into bearish

Daily Chart

• Trading into bottom of the ascending trend line which we broke - which could become resistance
• Trading into the 61.8 retrace and if we look at the ichimuko clouds, we are trading in the clouds but heading to the top of the clouds (resis)
• Stochastic is overbought

Heading into resistance , would look at opportunity to short

Hourly Chart

• Currently price is seeing some reaction from the 61.8 level however because this level is too close to the support, i am not comfortable opening short trades unless a quick scalp
• I have two short trades (blue and black), - blue is also a supply and demand trade

Outlook Trade opportunity

I would be looking at price action at both of these levels before placing counter trades. This is because price action wise it is still in a very bullish momentum.
If however prices goes to my sell area, macd and stochastic should be diverging which gives it more reason to short it (for a small profit 1:1 or 1:2)

Risk Level Medium And High

Tips -

Always take note of any economical news event on our provided calender below

GBPJPY Trade Setup & Forecast for the week 10th Feb, 2014

GBPJPY Trade Setup & Forecast for the week 10th Feb, 2014

Weekly Chart

Daily Chart

Hourly Chart

Outlook Trade opportunity

Our Long trade setup from last week was successful with gains up to 400 pips. My bias however we should continue the bearish momentum for one more low before any continuation to the upside.
Therefore my Short trade setup would be at the 127.2 ext of last weeks range and which also is around the 61.8 retrace from the leg down (from 23rd Jan)

Risk is high because if you look at the weekly chart, last weeks candle is a strong pin bar

Risk Level HIGH -

Tips -

Always take note of any economical news event on our provided calender below

GBPJPY Monday failed trade example + Next trade setup

GBPJPY Monday Trade

The earlier trade setup for a buy has failed, and stopped out.  

I was in front of the computer screen during this time and adjusted my fibs and saw price reject from the fib ext 127.2 from the 23rd to 27th of Jan swing . Therefore waiting for confirmation on a 5 minute chart, i got in my longs, to cover my earlier loss of my trade

Below shows my entry on my live mt4 platform, and also my potential target for a counter buy

GBPJPY Outlook & Trade Setup for the week 3rd - 7th February 2014

GBPJPY Outlook & Trade Setup for the week 3rd - 7th February 2014

Monthly Chart

• On the monthly price has rejected in January from the 61.8 retrace / 127.2 fib ext reverse

Weekly Chart

• Last weeks candle is very negative
• Stochastic shows oversold

Daily Chart

• Daily we have closed at weekly lows
• A retrace should give us a opportunity to short to find our next support

Hourly Chart

• We have a buy in a and a sell setup

Outlook Trade opportunity

Please check the H1 and H4 chart for our buy and sell setup

Risk Level Low - Medium

Tips -

Always take note of any economical news event on our provided calender below

GBPJPY Outlook and Trade Setup for 30th Jan, 2014

GBPJPY Outlook and Trade Setup for 30th Jan, 2014

Daily Chart

• Our bias remains the same as analysis from Monday
• Will be interested to get long when reached support buy zones

Hourly Chart

• We saw rejection from the 61.8% fib retrace, which also was my scalp short entry on my monday's analysis.  I know many traders who have got in short there as a classic setup of a fib 61.8.
• After three days of data since Monday's analysis, I have been able to setup our next counter trade zones.  This is more like a scalp rather than a long term trade.  However this could be the area where it will go higher, so, keep a very small portion on if you see the same 

Outlook Trade opportunity

Please see Hourly chart for Long trade

Risk Level Low

Tips -

Always take note of any economical news event on our provided calender below

GBPJPY Trade Setup for 28th Jan, 2014 Tuesday

GBPJPY Trade Setup for 28th Jan, 2014 Tuesday

Please note we have GBP news later today

Scenario - If data comes up above average / slightly positive 

• The second counter trend would be a nice one to take which would line up with fib confluence together with ADR range as well as a Supply and Demand level.

• First counter trend will only take if price gets there 2 hours prior to news event

Risk Level Medium

Tips -

Always take note of any economical news event on our provided calender below

GBPJPY 15min Setup 27th Jan, 2014 (Monday)

GBPJPY 15min Setup 27th Jan, 2014 (Monday)

• Confluence levels
• weekly pivot
• Around 50% and 61.8% retrace fib level
• Fib ext of 127.2% from swing from today
• Fib Ext inverse of 161.8% retrace of today
• 1hr chart stochastic Divergence

***Updated***

Trade successful

With 70pips and take profit closing 80% of trade size, leaving rest to run risk free

GBPJPY Outlook for the week 27th Jan 2014

GBPJPY Outlook for the week 27th Jan 2014

Daily Chart

We have a clear indication of a bearish sentiment as we have a clear lower highs.  

But we have not performed lower lows yet.  We are playing into support and the daily candle looks very bearish , So would not be surprised if support is broken, If support is broken, we will be looking for confluence levels with ichimoku clouds (As its a Japanese indicator, it usually respects it on a yen pair)

On the daily chart, I have two scenarios (in different colors)

Hourly Chart

Outlook Trade opportunity

This one as you can see i have no trade setups however all the Blue highlighted levels , we should expect some sort of bounce for a scalp.
When i clearly see an opportunity, i will upload on my blog

Risk Level n/a

Tips -

Always take note of any economical news event on our provided calender below

Example of How I scalp the Market - GBPJPY Trade Setup 16.01.14 (Asian Session)

Example of How I scalp the market

This was a trade setup around mid Asian session on Thursday.  Unfortunately I did not have the time to post this setup prior order being filled. It was a quick and easy 20 Pips in an usually slow Asian session. (however you can see we can get more than that around 30+pips)

There are many trades just like that where I can accurately pin point where market is likely to reverse. Usually my entry price does not go against me for more than 5 pips. 

This strategy, I will probably post it on my blog in the future, If you would like me to write it up earlier,
Please share my blog and like my facebook more!

Thanks

Howard

GPBJPY Trade setup for 13th January, 2014 (Monday)

GPBJPY Trade setup

UPDATED - trade did not work, although strong support, - i did not realize the pivots of weekly and daily was broken if from that level.

This is next setup which i am in now