Trading with my algorithm.
ALGORITHM 2 X MODIFIED KC/ 2 x STD DEV VS KC EURJPY Score 2/5. We are riding 2 X KC , std dev vs KC is increasing long term. If we have the RSI turn over/under 50 on the index as well as a bullish HA candle or a pullback which is about 1 X fast KC,short term std vs KC turn white and a bullish HA candle we will enter long. TRADE MANAGEMENT The algorithm suggests the SL will be 122.160 If the RSI is no longer above/under 50 or the long term std dev vs KC turns red or bearish price action we will move the SL to just below the last HA lower wick. If the RSI is no longer above/under 50 or the long term std dev vs KC turns red and the trade is in profit by 25 pips or greater then we will close the trade. If 2/3 of following apply : the long term std dev vs KC turns red, the RSI is no longer above/under 50 on the index, bearish price action we will close the position, otherwise we will hold the position with no TP.
NZDUSD Raising Wedge
We've identified a rising wedge pattern on the Kiwi, and it appears to be under pressure. While the direction is uncertain, upcoming news is likely to influence it. I'm taking a short position, anticipating a potential 150-pip drop.
Big Move for GBP/CAD?
GBP/CAD is at a .786 Fibonacci retracement level on the daily with a newly formed swing high. For immediate entry I look to the 1 hour chart. Fib to the downside has completed and I am anticipating price to pull back and retest the broken trend lines. This could be a big move down as trendline on the weekly is also broken with a retest. I am planning to play the small moves if prices continues its move toward tp. The Canadian dollar is highly correlated with the oil market so this will be interesting to follow.
Trading with my algorithm.
NZDUSD Raising Wedge
Big Move for GBP/CAD?
BIF - Long Trade (It's been a while!)
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Nick Quinn
X5+ years experienceNick has been trading since 2008. He has experience trading equities, fixed income and commodities. However, his preference is spot market foreign exchange, his style is big picture macro position trading in CFD’s and currency futures contracts.
Max Norbury
X10+ years experienceMax is a diligent and pro-active individual with a wealth of experience in technical and fundamental analysis, high-probability trading and mentoring within the financial markets. He has also has a variety of non-accredited analytical certifications.
Shain Vernier
X10+ years experienceShain is based in the USA and has over 10 years of experience in the markets.
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