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NZDUSD Short After A Strong Bearish Impulse. Synergy Bars (Heiken Ashi). Fibonacci Extensions.

  • Posted on: 21 July 2015
  • By: strategist
NZDUSD Short After A Strong Bearish Impulse. Synergy Bars (Heiken Ashi). Fibonacci Extensions.

On Jul 15 a strong bearish synergy bar closed on the daily chart for the kiwi (NZDUSD). The fundamentals were also in agreement (negative New Zealand economic indicators and a strong USD) so I executed a short. I set a break-even point at 127 Fibonacci extension of the previous leg down and executed my break-even Expert Advisor to watch when the price action hits that point. My take profit was set at Fibonacci extension 138 of the previous leg down since it was way past the third leg of the down trend (fourth or fifth leg already) and a danger of trend waning was at hand.

Classic Trend Following on NZDCHF. Confluence of Factors.

  • Posted on: 30 June 2015
  • By: strategist
Classic Trend Following on NZDCHF. Confluence of Factors.

I submitted this classic trade on Jun 26 2015 but I didn't post it until it was closed. This one is very interesting since I haven't done any of these types of trades in a while. By-the-book trades like these are rare as you will learn with experience.

EURUSD Short after Technical and Fundamental Analysis Agreement. Heiken Ashi Bars and Greece Situation.

  • Posted on: 29 June 2015
  • By: strategist
EURUSD Short after Technical and Fundamental Analysis Agreement. Heiken Ashi Bars and Greece Situation.

The Greek situation was definitely not going well as Tsipras & Co. were gambling with the patience of EU top dogs, etc. The Greek bailout was soon due to expire (Jun 30 2015) and there was still no agreement. I was surprised at how EURUSD was still holding up. The fundamentals were definitely in USD's favor.

USDCAD On Daily. Trend Shift

  • Posted on: 11 June 2015
  • By: strategist

Hello, friends.

In this instance, I will demonstrate a trend shifting trade. I use a customized indicator with RSI and a 21 EMA plotted. When the EMA crosses RSI from below, there is a possible bullish trend shift and vice versa: when the EMA crosses RSI from above, it's a possible bearish trend shift. I only use the cross as a confirmation, I don't blindly rely on it! Please use the Internet to familiarize yourself with RSI and the concept of moving averages (EMA in this case).

AUDNZD On Daily Chart Using CCI. Loss Trade

  • Posted on: 11 June 2015
  • By: strategist

Hello, friends.

In this example I am going to discuss a loss trade. You can see that in real life not all trades end up being winners. As long as we abide to strict money and risk management and we follow sound and proven strategies, we will end up at a profit. I will not discuss money management and risk/reward here. I am assuming you are familiar with these concepts and if not, please use your favorite search engine to read and learn about them. You can never become profitable in the long run if you don't follow these rules!