13/11/17 Gold trade plan

1274 area looks like a good long pt, reasons:

(1)61.8% fib support (2) Ichi kumo support (3) Homily rainbow cloud support (4) bankers rhythm waiting to expand (5) no hot money selling. (6) BBD bullish divergence. 

Trade plan: long@1274,1270,1265,1260. cut loss at 1254. SL=ATR(H4) *0.5=20pts.

Advertisements

Oct 2017 Week 4 (23/10/17 – 27/10/17) FX Trading

System # 1 is in Long positions now for all xxxUSD pairs, based on D1 longer term chart. The macro is long term USD weakness against all others because of Geo-political risks (eg. North Korea, Trump risk, Rate hike cycle data disappointments) until end of 2017.

System#1 D1 Charts are mostly still bullish (except NU) :

AU_Oct2017_Week3_DailyEU_Oct2017_Week3_DailyGU_Oct2017_Week3_DailyNU_Oct2017_Week3_DailyXU_Oct2017_Week3_Daily

System#2 is now in Short positions for all xxxUSD pairs, based on H4 medium term chart. Macro factors are short term strength of USD due to Fed new chairman hawkish + Trump administration hawkish + Short term Risk On mode.

Below are current positions of System#2 :

IMG_20171021_030742

System # 3 is now flat and waiting to enter LONG trades to hedge System#2.

Below are the Queued Long pts of System#3.

IMG_20171021_031613