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Author Topic: Shorts-n-longs (PA, S&R, etc.)  (Read 29234 times)

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #30 on: July 28, 2017, 10:18:31 AM »
The news background is quite saturated today. 2 important reports are expected. The statistics on GDP of the US and Canada will be released at 12:30 (GMT). The US economy will be in the focus. The latest economic reports from the United States were mixed. At the same time, experts expect that the economic growth will be 2.6% in the second quarter compared to the previous value of 1.4%. Prior to the statistics release on majors, there wont be strong trend movements. Ive identified the following key levels and plan to open deals from these marks.

EUR/USD
support: 1.1680, 1.1615
resistance: 1.1725, 1.1775

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #31 on: July 28, 2017, 10:19:43 AM »
USD/JPY
support: 110.85, 110.00
resistance: 111.50, 112.10

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #32 on: July 28, 2017, 10:22:34 AM »
Thank you for sharing ideas. I'm glad I've found this forum and such threads.
Cause technical analysis doesn't work in my hands and I need some explanations... I trade for a year and know how to use indicators, but very often the price goes opposite after I open a trade that shoul be successful!!

Hello, Robian!

I'm glad that my signals and recommendations are useful. Still, some of them haven't worked for me, but they are few.
Ask questions, if you have some. I'm always ready to help and make clear why I decided to buy/sell, etc

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #33 on: July 31, 2017, 12:53:54 PM »
A quite optimistic data on inflation in the eurozone was published today. I expect the continuation of the upward trend on EUR/USD. Ill buy this pair if the price fixes above the 1.1745 local resistance. The closest goal for taking profit is 1.1775.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #34 on: July 31, 2017, 01:14:45 PM »
GBP/USD has formed a double top. The key trading range is 1.3100-1.3155. There will be a meeting of the Bank of England this week. It seems to me that the GBP/USD will consolidate in the coming trading sessions. I plan to open positions from the key levels.

Ill sell it, f the price fixes below the 1.3100 round level. Potential movement - to 1.3050-1.3040.

Ill open long positions, if the price fixes above the 1.3155 local resistance. Potential movement - to the 1.3200 round level.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #35 on: August 01, 2017, 02:50:22 PM »
A weak statistics from the EU was published today. I expect the correction on EUR/USD. Ill sell after the price fixes below the 1.1805 local support. The currency may move to the 1.1760 mirror support.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #36 on: August 01, 2017, 02:51:55 PM »
I expect a correction on USD/CAD. The price has retained the 1.2455 local support and it triggered a bullish sentiment. Ill buy the pair, if it fixes above the 1.2500 round level. Take profit at the 1.2535 resistance level.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #37 on: August 02, 2017, 09:55:23 AM »
My yesterdays expectations concerning USD/CAD confirmed. I think that the correction may continue. The sharp fall of the oil quotes pressured the Canadian dollar. Ill buy USD/CAD if it fixes above the 1.2585 local support. The pair may move to 1.2640.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #38 on: August 02, 2017, 09:56:54 AM »
Aggressive purchases prevailed on USD/JPY during the Asian trading session. I expect the growth of this pair. The price is near the 110.90 local resistance. Ill buy USD/JPY, if it fixes above this mark. Take profit at 111.30.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #39 on: August 03, 2017, 10:21:29 AM »
Despite the weak ADP report on the US labor market, I expect a correction on EUR/USD soon. A Bearish Engulfing PA pattern has formed near the 1.1900 round level. Ill sell the pair, if it fixes below the 1.1835 local support. The goal for taking profit is the 1.1800 round level.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #40 on: August 03, 2017, 10:23:14 AM »
A correctional movement is observed on AUD/USD during the last trading sessions. The Aussie is under pressure due to the weak data on the Australian trading balance. I expect a correction of the AUD/USD quotes. Ill sell the pair, if it fixes below the 0.7920 level. The pair may move to 0.7880.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #41 on: August 04, 2017, 10:50:45 AM »
The report on the US labor market is at the center of attention today. Preliminary data from ADP and statistics on business activity in the non-manufacturing sector from ISM turned out to be weak. At the same time, the experts expect an increase of the average hourly wage and a drop of the unemployment rate to 4.3%. A positive report can strengthen investors' expectations about another increase of the Fed's interest rate. I expect high trading activity today. So, I wont trade today but just watch the market. Ive identified the following key levels:

EUR/USD
support : 1.1835, 1.1760
resistance: 1.1900, 1.1950

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #42 on: August 04, 2017, 10:52:07 AM »
USD/JPY
support: 110.00, 109.50
resistance: 110.40, 110.90, 111.30

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #43 on: August 07, 2017, 01:21:20 PM »
The US Department of Commerce published a positive report on the labor market on Friday. The demand for the US currency is at a fairly high level now. I expect further strengthening of the US dollar against the major currency majors in the nearest future.
USD/JPY is testing a strong 110.90 resistance level at the moment. Ill buy it, if the price fixes above this mark. The closest target for taking profit is the 111.30 resistance.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #44 on: August 07, 2017, 01:41:36 PM »
The euro is testing a 1.1800 round level now. I plan to sell EUR/USD after the breakdown and retest of the 1.1785 level. The pair may move to the 1.1740 local support.

 

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