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[jcpfx]

I just got short GbpAud off this intraday flip/1.6900. 1H trend is already down, so I used a 5/15 hook to get in off this evident level.

[jcpfx]

I just got short GbpAud off this intraday flip/1.6900. 1H trend is already down, so I used a 5/15 hook to get in off this evident level.

I have no idea why imageshack cut off the chart pic... sorry for that.

[round number]

I would like to know your view on AudUsd because I had it on the list until today, but had to take it off after the morning action.

It's still very much at the top of my long hot list jcp, especially following last Wednesday & Thursday’s bearish rejection price action.
Those 2 bullish day's highlighted below showed (to me anyway) that Aussie was still happy to continue the impulse move following that corrective action during the latter part of September.

I hope you've been tracking aud/usd since our exchange last week.
The re-engagement of the impulse move is back in full swing, moving cleanly through the immediate resistance barrier at 9520 this morning on (apparently) strong overnight options call business.

This area will be viewed in some quarters as 1st line support on any revisit & will be watched closely for continuation attraction for a move up towards the next potential barrier at the .9650 zone on any pullback activity.



The pairs mentioned on Sunday & early doors Monday (nzd/usd, eur/nzd, gbp/aud & gold) are all making good directional headway into their continuation trending moves, with usd/jpy currently bringing up the rear blowing hard to keep pace.

[jcpfx]

Hey RN,

yes, my watchlist has those pairs on it. I legged into Kiwi yesterday around 8350 on the pullback to last week's high and took the position off last night. I would have been stopped out overnight anyhow, given the intraday style setup & stop.

I took GbpAud short yesterday as mentioned here and got out last night, not wanting to go through the RBA announcement. Poor decision on my part but at least it was above 1R profit.

I'm contemplating AudUsd today, right now, as a 5MIn 1-2-3 would burst from 9525 (intraday flip zone) but seeing the current USD strength I'm sort of worried that today it's done it's thing. I'd prefer to see Aussie pull back to 9505/14 (50% of the day's low to high). So we'll see...I haven't been able to engage AudUsd before today because I wasn't able to observe anything that really attracted me to get in...

I was wondering if anyone would have shorted GbpUsd today after the news, at 10.45 CET off the 15min rejection pin of the current day's highs...

Thanks & good luck!

[Sarah Foster]

I was wondering if anyone would have shorted GbpUsd today after the news, at 10.45 CET off the 15min rejection pin of the current day's highs

I have Cable on my back burner but haven't traded it in a while.
There have been cleaner instruments to get involved in for me, & I'm not an ardent day trader to be honest jcp, but when I do partake I tend to like engineering potential set ups by zooming into complimentary bullish or bearish momentum triggers such as the set up below.

The highest frame illuminates the bearish or bullish leanings.
The next lowest focuses possible follow through with rejection and/or continuation confirmation &
The trigger frame lines up the likely entry decision point.

So had I been lining up a Cable short it would have been engaged on a breakdown through that hourly rejection candle with my stop back up near the 1.6 level, but that's just my personal risk/style preference.

[jcpfx]

Thanks Sarah for offering your view,

it's nice to know there was a higher probability setup in that same area today. So at least we're looking at the same high odds levels.

Good luck to you in your trading as well!

[jcpfx]

UsdChf is looking good now as well. I'd love to take a stab at it via a pullback to last week's high/9130s...

[jack mason]

UsdChf is looking good now as well. I'd love to take a stab at it via a pullback to last week's high/9130s...

Why haven't you added to or legged back into your GBP/AUD bet from yesterday?
That's actually moving in trend mode which is way less stressful to negotiate & manage.
It's also tagged on nearly 200 pips as it pulled back into yesterday's London close & fell away again.

Even one or two of the strong trending pairs mentioned at the weekend (EUR/NZD, USD/JPY & GOLD) have offered continuation opportunities this morning to engage.
I don't understand why you're digging for fresh bait when there are juicy worms sat waiting on the top of the sand for you to pick up?!

[jcpfx]

Why haven't you added to or legged back into your GBP/AUD bet from yesterday?

Even one or two of the strong trending pairs mentioned at the weekend (EUR/NZD, USD/JPY & GOLD) have offered continuation opportunities this morning to engage.

Hey Jack,

on GbpAud, i believe you mean the 1am CET pullback to 6850s? If it was there, I was sleeping... and today I diddn't see any value in shorting it anywhere else to be honest. When it broke through the overnight low and pulled back, I gathered it had covered too much space to have good odds.

ON UsdJpy, I would love it if you could show me the entry. I just diddn't see one. Sure, I see the oversold 1H stochastic around the 50% fib of yesterday's move, but it wasn't a previous day's high/low or week's high/low or else... did I miss something obvious?

EurNzd has a spread of 5+ pips on my broker so it's not on my list.

Gold would have only allowed me a breakout entry during london open...if you would, could you post your hypothetical entry on that?

I understand in retrospect it's of little use to many, but I actually learn a lot through observation/emulation.

Thanks!

[jack mason]

on GbpAud, i believe you mean the 1am CET pullback to 6850s?

I'm talking about yesterday jcp.
There was an (another?) opportunity to get seated into the London close which I mentioned in my previous post.
Pick that up & you wouldn't need to look at anything else for the rest of this or probably next week either.

ON UsdJpy, I would love it if you could show me the entry. I just didn't see one.
Gold would have only allowed me a breakout entry during london open...if you would, could you post your hypothetical entry on that?

There are/have been sub hourly hook plays all over those pairs yesterday & today triggering in sync with established trends, but if you're not looking for them then I guess you won't find them.