EUR/USD 5 DECEMBER 2016 4HOUR

Price fell as per our Friday analysis and limited us out with 118 pips on that short trade. We now have to wait for a B low to form before we can draw new fibs. We will then look for a short entry at the 618/786.

We maintain this bias until the 690 level is violated. Only then do we look at a reversal on this time-frame.

FOR TODAY: Will be going short if:

We first need a B low to form before we can draw fibs on this pair. After that we will look for a 618/786 followed by a clear bearish cs formation for a short entry.

FOR TODAY: Will be going long if:

No long trades at present as we broke the low. There are no other criteria in place for long trade setups.

GBP/USD 5 DECEMBER 2016 4HOUR

Price rallied Friday and hit the 50 fib, but we are looking for a 618/786 for a short trade setup. So no trade setups for now. Exercise patients.

FOR TODAY: Will be going short if:

No trade setups as price is not in an area of interest.

FOR TODAY: Will be going long if:

No long trade setups as no criteria present.

AUD/USD 5 DECEMBER 2016 4HOUR

Price still not in any area of interest on this pair. There is still no trade setup since our system looks for the 618/786 higher up before we will be looking for short trade setups. We have to be consistent with our trading rules, so if the conditions are not present then we stand aside.

FOR TODAY: Will be going short if:

We need price up at the 618/786 for short trade setups, so no entries currently.

FOR TODAY: Will be going long if:

Also no criteria present for long trade setups. We continue to be patient.

NZD/USD 5 DECEMBER 2016 4HOUR

We exited our long trade at break-even during the Asian session (posted on twitter). Price then gave us a BF signal and we went short on that signal. Stops are at 50 pips and limits are set inside the 786. We are looking for price to fall to that level over coming sessions. We will then look to see if we get a clear bullish cs formation down at the 786.

We maintain our bullish bias while the A low holds. Only a sustained break of the low negates this outlook.

FOR TODAY: Will be going short if:
We are short this pair since price gave us a BF entry during the Asian session.We are looking for price to fall down to the 786 over coming sessions. Our stops and limits are in place. If we get stopped out and price gives us another BF entry then we will short again.

FOR TODAY: Will be going long if:
No long setups at present. we need price down at the 618 for DD entry, or lower down at the 786 followed by a clear bullish cs formation for a long entry. we continue to be patient.

EUR/USD 2 DECEMBER 2016 4HOUR - INTRADAY UPDATE

Price gave us a BF entry so we exited the long position with 31 pips profit and went short. Stops at 50 pips with limits at 527 lower down inside the A Low.

We are now looking for price to extend to this level over coming sessions.

Else a break of 885 will resume the uptrend that’s been trying to form.

FOR TODAY: Will be going short if:

We short this pair since price gave us a BF entry. Limits are set at 527, with stops 50 pips above.

FOR TODAY: Will be going long if:

We can only enter a long position if we find support lower down followed by a bullish cs formation.

EUR/USD 2 DECEMBER 2016 4HOUR

Price bounced off the 786 at the 553 level yesterday and tested it again before rallying. We are currently at the B high, we are expecting price to break resistance and continue up. Limits are set at 739.

Else if resistance holds at this level then we are looking for price to fall down towards the A low over coming sessions.

FOR TODAY: Will be going short if:

IF we get a clear bearish cs formation from current levels then we will enter short with limits 10 pips inside the A low.

FOR TODAY: Will be going long if:

We are currently long after a bullish cs formation down at the 553 level. We are looking for price to extend. Limits are set at 739.

GBP/USD 2 DECEMBER 2016 4HOUR

Price rallied yesterday and is approaching the 50 fib, we are looking for a 618/786 for a short trade setup. So no trade setups for now. Exercise patients.

FOR TODAY: Will be going short if:
No trade setups as price is not in an area of interest.

FOR TODAY: Will be going long if:
No long trade setups as no criteria present.

AUD/USD 2 DECEMBER 2016 4HOUR

Price is rather sideways on the 4hour chart. We are not in any area of interest on this pair. There is still no trade setup since our system looks for the 618/786 higher up before we will be looking for short trade setups. 

We have to be consistent with our trading rules, so if the conditions are not present then we stand aside.

FOR TODAY: Will be going short if:

We need price up at the 618/786 for short trade setups, so no entries currently.

FOR TODAY: Will be going long if:

Also no criteria present for long trade setups. We continue to be patient.

NZD/USD 2 DECEMBER 2016 4HOUR

Price bounced off the 618 and gave us a bullish cs formation as can be seen on this chart. We have entered a long position with stops 50 pips below. Limits are 120 pips.

We maintain our bullish bias while inside the A low holds. Only a sustained break of the low negates this outlook.

FOR TODAY: Will be going short if:

No short trade setups at present. We will look for a BF (explained in course) at higher levels that might initiate a short trade, but for now its not present.

FOR TODAY: Will be going long if:

Price fell down to test the 618 and gave us a bullish cs formation. We are therefore long, stops 50 pips below, limits 120 pips.

NZD/USD 2 DECEMBER 2016 4HOUR - UPDATE !

UPDATE

Price fell down to the 618 and gave us a bullish cs formation. We have entered a long position with stops 50 pips below. Limits are 120 pips.

We maintain our bullish bias will the A low holds. Only a sustained break of the low negates this outlook.

FOR TODAY: Will be going short if:
No short trade setups, if price falls we will stand aside as we are looking for long entries lower down circa the 618/786. 

FOR TODAY: Will be going long if:
Price fell down to test the 618 and gave us a bullish cs formation. We are therefore long, stops 50 pips below, limits 120 pips.