Trading/stock markets/forex markets etc :)

[khushal]

welcome aboard my train what is your tp?
if it closes at the price now in the day candle it would form a hammer which says it is now in bull trend and i would use the low of the hammer as support, if it breaks below that then well yh we are on the down run for a while after it

yh?^^^^^??????

[sahil112]

yh?^^^^^??????

= yes

and hmm didnt like the report today, made me hit 2 sl, 1 in loss but the other in profit. might not trade for remainder of the week and let the market refresh itself.

[khushal]

What? your out of eurgbp, hwere was your SL, according elliotwave the probablility of it going up is still good. the elliotwave gives you better sl points. I just entered eurchf positions at 12925 with 12860 sl. there should be 5 subwaves up in that as well as the eurgbp. lets see where this takes us.

This report is just making a correction in the market, it will resume its trend.

[sahil112]

What? your out of eurgbp, hwere was your SL, according elliotwave the probablility of it going up is still good. the elliotwave gives you better sl points. I just entered eurchf positions at 12925 with 12860 sl. there should be 5 subwaves up in that as well as the eurgbp. lets see where this takes us.

This report is just making a correction in the market, it will resume its trend.

i normally have max between 30-50 pips sl.
and yh ino it is jus correcting so im going to wait for the market to refresh then re-enter and i am not going to pay much attention to the egypt suitation or fundemnatals either for a bit as both havnt had big impact on the usd so im going all technical

[khushal]

Im looking at the dollar index and If it doesnt hold support in this area and rally, I think thats it for the dollar, this dollar printing by the fed is having its effect sooner than many analysts thought.

[sahil112]

Im looking at the dollar index and If it doesnt hold support in this area and rally, I think thats it for the dollar, this dollar printing by the fed is having its effect sooner than many analysts thought.

eur seems to be holding support for now so wait and see and i see da chf trade went well

[sahil112]

friday was the 2nd time i left a trade open duringf nfp announcement day!!! lukily iu had stop loss but still not happy with myself

[khushal]

Sahil, tsenga ya
Well My eurgbp trade hit the sl but it wasnt a bad trade. I have movedm my eurchf sl moved to 12770, its still good, if it breaks 13040 then I will become more confident. Have you noticed the usdjpy, Im still in it for over a month now and I think its starting to move. It made a hammer on the weekly.

[khushal]

Well Im out of the eurchf trade at 13175 with 150 pip profit, I beleive this 5th wave has more upside potential but there is risk of reversing, My jpy trade is going well I think it has more upside to it. Are you seeing anything sahil?

[sahil112]

salam wrora, da khudai fazal dey ta singa ye?
good to hear your doing well with the pips and bringing them into the bank!
with the usd/jpy i am seeing quite a lot of things lol in the month there has been a bullish checkmate ( red, green,red,green candle formation) and in the day i am seeing morning star while in the 4 hour its englufing so the bullish run looks strong and like i said to u 1-2 weeks ago give it time it will pick up

[sahil112]

khushal wrora i have a propsotion for u its non profit for both of us but it would be 2 help da ppl of afghanistan out

[khushal]

yes sahil what is it your thinking

[khushal]

Sahil,
I have longed usdchf at current levels 9724 with a sl of 9645. In elliotwave thinking wave 3 of 3 theoritically should begin soon or has already begun. But if the sl hits, then my count is wrong, Ill be more confident if 9800 is broken. What are your thoughts on this.

[sahil112]

Sahil,
I have longed usdchf at current levels 9724 with a sl of 9645. In elliotwave thinking wave 3 of 3 theoritically should begin soon or has already begun. But if the sl hits, then my count is wrong, Ill be more confident if 9800 is broken. What are your thoughts on this.

hmm quite murkey right now to be honest this and i think you might just be safe if 96850 is not broken, if bears dont break this support level which is pretty strong then we can expect it to go to 9850
my personel view is support is going to hold so your going to be ok might be some side trading for a while while the market refreshes etc but then we should see bulls picking up speed again

[sahil112]

it also looks like it might be forming a hammer on the 4 hour chart and if does this then expect it to rise fast asd the hammer is at support which makes it a very strong signal