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.

EUR/USD 1 DECEMBER 2016 4HOUR

Price found resistance at the BF (terminology explained in course) and fell down to the 553 level as per yesterday’s analysis. We went short as per post yesterday and profited 63 pips with limits inside the 786.

We were looking for support at the 553 level and price bounced off that level. We are currently long (posted on twitter) with stops and limits in place. We are looking for price to extend from current levels.

Else a break of 517 negates this view and continues the downtrend.

FOR TODAY: Will be going short if:

No short trade setups at present. We will look for a BF entry if it presents itself at higher levels. For now there is no short setup.

FOR TODAY: Will be going long if:

We went long after a bullish cs formation down at the 553 level. We are looking for price to extend. Limits are set at 120pips.

GBP/USD 1 DECEMBER 2016 4HOUR

Still no change in outlook, chart is sideways. Price came shy of the 50 swing, we are looking for a 618/786 for a short trade setup. So no trade setups for now.

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 1 DECEMBER 2016 4HOUR

Price found resistance at the 382 and fell yesterday. 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 1 DECEMBER 2016 4HOUR

Price formed a B high yesterday so we have a new AB swing in place. We will still wait for a retracement to the 618/786 fib area where we will be looking for a long trade setup after a bullish cs formation. If price rallies from current levels we have no trade because our system doesn’t allow for shallow bounce.

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:

We will wait for price to retrace further down to the 618/786 after which we will look for a bullish cs formation for a long trade setup. 

EURUSD 30 NOVEMBER 2016 4HOUR UPDATE

Price actually found resistance at the BF circa 660 giving us an evening star pointing lower towards 553 again. We have exited the long trade and we have taken that short position although the risk/reward not the best, but still more that 1:1. Limits at 663, stop 50 pips above the entry.

FOR TODAY: Will be going short if:

Went short on the BF trade setup after evening star.

FOR TODAY: Will be going long if:

We will wait to see if price gives us s bullish cs formation down at the 786 before we initiate long trades.

EUR/USD 30 NOVEMBER 2016 4HOUR

Yesterday we were looking for a test of the 786 down at 553, or a test of the previous days low followed by a bullish cs formation. Price gave us the latter, we entered a long trade setup, with a 50 pip stop. Limits are set at 120 pips.

FOR TODAY: Will be going short if:

No short trade setups at present.

FOR TODAY: Will be going long if:

We are currently long looking for price to extend.

GBP/USD 30 NOVEMBER 2016 4HOUR

Still no change in outlook, chart is sideways. Price came shy of the 50 swing, we are looking for a 618/786 for a short trade setup. So no trade setups for now.

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 30 NOVEMBER 2016 4HOUR

Pretty sideways for now as can be seen on the chart. Price has reached the 382, but our system looks for the 618/786 higher up before we will be looking for short trade setups.

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 30 NOVEMBER 2016 4HOUR

We thought we might have had a B high (marked in yellow on chart), but price rallied further so we will continue to wait for a proper B high to form. We will then wait for a retracement to the 618/786 fib area where we will be looking for a long trade setup after a bullish cs formation.

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. But we need a B high to form first.

FOR TODAY: Will be going long if:
We first need a B high, then we will wait for price to pullback to the 618/786 after which we will look for a bullish cs formation for a long trade setup. 

EUR/USD 29 NOVEMBER 2016 4HOUR

Price gave us the B high, then fell down past the 618 actually, but came shy of the 786. In a case like this we like to wait for price to reach the 786. We will therefore wait for the 786 to get hit before we consider long trade setups. Remember we must have a bullish cs formation as confirmation.

We maintain our bullish bias while inside the A low.

Else a test of yesterday’s low followed by a bullish cs formation will be considered.

FOR TODAY: Will be going short if:
No short trade setups at present.

FOR TODAY: Will be going long if:
We are looking for a test of the 786 down at 1.0553 followed by a bullish cs formation for a long trade setup.

GBP/USD 29 NOVEMBER 2016 4HOUR

No change from yesterday or last week, rather sideways at present. 
Price came shy of the 50 swing, we are looking for a 618/786 for a short trade setup. So no trade setups for now.

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 29 NOVEMBER 2016 4 HOUR

Not much change since yesterday. Price has reached the 382 and has found some resistance, but our system looks for the 618/786 higher up before we will be looking for short trade setups.

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 29 NOVEMBER 2016 4HOUR

We have the B high of the AB swing,  we will wait for a retracement to the 618/786 fib area where we will be looking for a long trade setup after a bullish cs formation.
Else a rally and a break of the current B high will have us looking for another B to form.

We maintain our bullish bias will inside the A low. 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:
We will wait for price to pullback to the 618/786 after which we will look for a bullish cs formation for a long trade setup. 

28 NOVEMBER 2016 EUR/USD 4H

Price rallied to take out the A high starting a reversal process on this timeframe. We will wait for a B high to form, which is at least 2 candles away (8hours), then a retracement back to the 618/786 where we will look for a bullish cs formation for a long trade setup.

FOR TODAY: Will be going short if:

No short trade setups as we are waiting for a B high to form. We will stand aside if price falls from current levels.

FOR TODAY: Will be going long if:

We first need the B high to form, then a pullback to the 618/786 fibs for a long trade setup after a bullish cs formation.

28 NOVEMBER 2016 GBP/USD 4H

No change from last week. Price came shy of the 50 swing, we are looking for a 618/786 for a short trade setup. So no trade setups for now.

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.

28 NOVEMBER 2016 AUD/USD 4H

Price has rallied and reached the 382, but our system looks for the 618/786 higher up before we will be looking for short trade setups.

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.

28 NOVEMBER 2016 NZD/USD 4H

Price broke the 7085 we mentioned last week but we don’t have a B high as yet. We will have to wait for 2 more candle which is 8 hours away at the least. Once we have the B high we will wait for a retracement to the 618/786 fib area where we will be looking for a long trade setup after a bullish cs formation.

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. But at present we are still waiting for the B high to form.

FOR TODAY: Will be going long if:

After we get the B high we will draw fibs and wait for price to pullback to the 618/786 after which we will look for a bullish cs formation for a long trade setup

EUR/USD 25 NOVEMBER 2016 4H

We still in the down AB swing, price is currently at the 618 of the swing. We are looking for a bearish cs formation for a short entry, else higher up at the 786,  if price rallies and takes out the A high then we are reversing.

FOR TODAY: Will be going short if:

We are looking for a bearish cs formation for a short trade setup, either from current levels, or higher at the 786.

FOR TODAY: Will be going long if:

No long trade setups as we are in a bearish AB swing. There are no criteria present to go counter trend.

GBP/USD 25 NOVEMBER 2016 4H

No change from yesterday, more sideways - Instead of zooming out on the 4h, we can look at the daily chart; it’s the same AB swing as on yesterday’s 4hour chart, just cleaner to look at. Price came shy of the 50 swing, we are looking for a 618/786 for a short trade setup. So no trade setups for now.

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 25 NOVEMBER 2016 4H

Price rallied and is heading for the 382, we need price up at the 618/786 before we will be looking for short trade setups.

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 25 NOVEMBER 2016 4H

We had a new AB swing in place, price is currently at the 618, where we will look for a bearish cs formation for a short trade setup. If price rallies past the 618 then we look for resistance up at the 786 where we will look for a short entry. Else a break of the 7085 area will change the outlook.

FOR TODAY: Will be going short if:

We will look for a bearish cs formation for a short trade setup from current levels, since we have hit the 618, else a rally will have us look for resistance after hitting the 786, after which we will need a bearish cs for a short entry.

FOR TODAY: Will be going long if:

Also no criteria present for long trade setups at present

EUR/USD 24 NOVEMBER 2016 4H

Price broke the B low yesterday giving us a new AB downswing. Once again we will wait for a retracement to the 618/786 where we will be looking for a short entry. If however price continues down then we will wait for a B low to form.

FOR TODAY: Will be going short if:

We need a rally to the 618/786 then a bearish cs formation for a short trade setup.

FOR TODAY: Will be going long if:

No long trade setups as we are in a bearish AB swing. There are no criteria present to go counter trend.

GBP/USD 24 NOVEMBER 2016 4H

Instead of zooming out on the 4h, we can look at the daily chart; it’s the same AB swing as on yesterday’s 4hour chart, just cleaner to look at. Price came shy of the 50 swing, we are looking for a 618/786 for a short trade setup. So no trade setups for now.

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 24 NOVEMBER 2016 4HOUR

Also no trade setups on this pair as price not in any area of interest. We need price up at the 618/786 before we will be looking for short trade setups.

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 24 NOVEMBER 2016 4HOUR CHART

Price tested the B low, we have to wait and see if we get a bounce or if we going to get a new AB swing, in which case we will wait for a rally to the 618/786 followed by a bearish cs formation for a short trade setup.

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 23 NOVEMBER 2016 4Hour

We still in the bearish AB swing, waiting for a 618/786 followed by a bearish cs formation for a short trade setup.

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.

GBP/USD 23 NOVEMBER 2016 4Hour

We need to zoom out considerably to find the current down AB swing on sterling. Price came shy of the 50 swing, we are looking for a 618/786 for a short trade setup. So no trades for now.

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 23 NOVEMBER 2016 4Hour

Also no trade setups on this pair as price not in any area of interest. We need price up at the 618/786 before we will be looking for short trade setups.

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.

EUR/USD 23 NOVEMBER 2016 4Hour

We are still in the down AB swing waiting for a pullback to the 618/786 for a short entry.

FOR TODAY: Will be going short if:

No trade setup as we are sideways for a few days now. We need a rally to the 618/786 then a bearish cs formation for a short trade setup.

FOR TODAY: Will be going long if:

No long trade setups as we are in a bearish AB swing. There are no criteria present to go counter trend.