Trading Ideas
DXY Long
Tue, 28 Mar 2017 15:57:23 -0500
Possible Long On a Daily Chart. PS: Trade Your Own Analysis.
dxy
Tue, 28 Mar 2017 15:45:49 -0500
looks like a wall of resistance
DXY short
Tue, 28 Mar 2017 14:09:10 -0500
After close the Gap,,,
USD short
Tue, 28 Mar 2017 13:05:57 -0500
Still in reverse flag
DXY forms Head and shoulder pattern, good to sell on rallies
Tue, 28 Mar 2017 08:39:22 -0500
It is good to sell on rallies around 99.25-99.30 with SL around 99.70 for the TP of 98.86/98.65
2017 Week #13 - DXY Bearish Bias
Tue, 28 Mar 2017 08:17:14 -0500
Expecting a 5th wave down to complete the bearish cycle on the Daily and H4 timeframe.
DXY 1 hour
Tue, 28 Mar 2017 02:15:09 -0500
EXPECT 5TH WAVE DOWN TO 98.64$
potential bullish gartley + bullish sypher
Tue, 28 Mar 2017 01:20:45 -0500
bullish gartley- blue target 1= 99.35 target 2= 100.45 bullish sypher- red target 1= 99.94 target 2= 1.1.38
Bounce Coming on DXY£ Precious Metals Dip£
Tue, 28 Mar 2017 01:14:44 -0500
Hey Traders, We have a couple trades based on two different Strategies lining up at the same time. Both Strategies agree with each other and I believe this may be a good short term swing trade opportunity! I have been keeping an eye on the Dollar Index 0.07%waiting for a Bullish Cypher Pattern Completion on the Daily Chart . There are many ways to play this trade however I would not take ANY trade unless you have thoroughly back tested that particular strategy to figure out where the best Entry, Targets, and Stops should be. I have 2 examples of how this trade can be taking. A conservative trader may choose to take this trade at the . 786 Retracement of the X to C leg ( Cypher Pattern Completion), whereas a more aggressive trader may choose to take this trade at previous structure to avoid the possibility of there entry order not getting filled. Taking an aggressive entry on this trade will make your Risk/Reward a little smaller (Closer to a 1:1) I have personally decided to take an aggressive entry on this trade, keep in mind that I have done extensive back testing for my strategies and my position size is large enough to allow me to take this setup. I will be looking to take 50-70% of my trade off the table to lock in profits at Target 1 for the Cypher Pattern . I will then be rolling my stops to near break even for the remainder of the trade. I will be sure to update this idea to keep you informed on how I am managing my position. REASONS FOR ENTRY: 1) Cypher Pattern Completion (technically the Cypher pattern does not complete until the . 786 Retracement but this meets my conditions for entry, derived from back testing) 2) Previous Structure Resistance , looks to be holding as support with some buying at that level (highlighted in yellow) 3) Price is sitting on the 200 Period SMA and could serve as extra support as well as initiate some buying to get us the bounce we are looking for. 4) Price has closed outside of the bottom Bollinger Band several times on the daily chart (Shown below). Please check out my other idea that was recently posted called "Bounce coming in Gold -0.18%and Silver£" to get a better idea of what a close outside of the Bollinger bands may mean along with more details on how to use it (link to idea below) 5) We have a "oversold" Stochastics indicator which doesn't necessarily mean price will reverse as I have also explained in previous ideas however it is another factor. I would like to see a nice strong green candle close inside the bands however I am prepared for a little more down side. I will also be using the precious metals price action to help manage the position. Feel free to comment below and good luck trading!
Bounce Coming on DXY£ Precious Metals Dip£
Tue, 28 Mar 2017 01:06:57 -0500
Hey Traders, We have a couple trades based on two different Strategies lining up at the same time. Both Strategies agree with each other and I believe this may be a good short term swing trade opportunity! I have been keeping an eye on the Dollar Index waiting for a Bullish Cypher Pattern Completion on the Daily Chart. There are many ways to play this trade however I would not take ANY trade unless you have thoroughly back tested that particular strategy to figure out where the best Entry, Targets, and Stops should be. I have 2 examples of how this trade can be taking. A conservative trader may choose to take this trade at the .786 Retracement of the X to C leg (Cypher Pattern Completion), whereas a more aggressive trader may choose to take this trade at previous structure to avoid the possibility of there entry order not getting filled. Taking an aggressive entry on this trade will make your Risk/Reward a little smaller (Closer to a 1:1) I have personally decided to take an aggressive entry on this trade, keep in mind that I have done extensive back testing for my strategies and my position size is large enough to allow me to take this setup. I will be looking to take 50-70% of my trade off the table to lock in profits at Target 1 for the Cypher Pattern. I will then be rolling my stops to near break even for the remainder of the trade. I will be sure to update this idea to keep you informed on how I am managing my position. REASONS FOR ENTRY: 1) Cypher Pattern Completion (technically the Cypher pattern does not complete until the .786 Retracement but this meets my conditions for entry, derived from back testing) 2) Previous Structure Resistance, looks to be holding as support with some buying at that level (highlighted in yellow) 3) Price is sitting on the 200 Period SMA and could serve as extra support as well as initiate some buying to get us the bounce we are looking for. 4) Price has closed outside of the bottom Bollinger Band several times on the daily chart (Shown below). Please check out my other idea that was recently posted called "Bounce coming in Gold and Silver£" to get a better idea of what a close outside of the Bollinger bands may mean along with more details on how to use it (link to idea below) 5) We have a "oversold" Stochastics indicator which doesn't necessarily mean price will reverse as I have also explained in previous ideas however it is another factor. https://www.tradingview.com/x/hbkOji6D/ I would like to see a nice strong green candle close inside the bands however I am prepared for a little more down side. I will also be using the precious metals price action to help manage the position. Feel free to comment below and good luck trading!
DXY Retrace
Mon, 27 Mar 2017 23:58:41 -0500
RSI is telling my to start looking for a long on the daily and weekly. After that it might continue going down.
Is this New cycle beginning for LONG US DOLLLAR £££
Mon, 27 Mar 2017 23:32:00 -0500
It may be forming a double bottom pattern from which it will bounce off. The alternative would be for it to break down creating a failed trading cycle. We are either on day 35 of the current trading cycle or on day 2 of a new trading cycle. This suggests the direction the dollar takes will be decided rather soon. Charts suggest dollar may face critical point this week !
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