MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community » Trade Recommendations » Intraday Trade Recommendations

[billyhunt]

Hi I am not sure if this is the right place but was going too post my trades and set ups - use KnovaWave - Murrey MAth and 80/20 predominantly

From this am on my blog and call(about 20 mins ago I guess - sorry for delay;

I am long this morning off 1.2293 - 50 ema and 6-8 MML retest and figure spit. Missed the 1.2320/double top spit after the jump on he 102.0 IFO reading and upward revision to the previous month"s data. The index has hit the highest level since May 2000 and in the press conference IFO"s Abberger and Nerb are talking up German growth and other economic improvements. Caution on oil and imbalances.

Next levels are;
1.2329 8/8 and through highs
1.2360 is +2-8 plus 1.2350 decent-sized stop orders are rumoured to be located with the next batch of option barriers noted at 1.2400.
Downside is close at 1.2286 offered suggesting failures - ABC and double top - reversal there - watch spit of a spit.

More later - will post a chart '

Have a great Day

[billyhunt]

Originally Posted by billyhunt

Hi I am not sure if this is the right place but was going too post my trades and set ups - use KnovaWave - Murrey MAth and 80/20 predominantly

From this am on my blog and call(about 20 mins ago I guess - sorry for delay;

I am long this morning off 1.2293 - 50 ema and 6-8 MML retest and figure spit. Missed the 1.2320/double top spit after the jump on he 102.0 IFO reading and upward revision to the previous month"s data. The index has hit the highest level since May 2000 and in the press conference IFO"s Abberger and Nerb are talking up German growth and other economic improvements. Caution on oil and imbalances.

Next levels are;
1.2329 8/8 and through highs
1.2360 is +2-8 plus 1.2350 decent-sized stop orders are rumoured to be located with the next batch of option barriers noted at 1.2400.
Downside is close at 1.2286 offered suggesting failures - ABC and double top - reversal there - watch spit of a spit.

More later - will post a chart '

Have a great Day

Jumped to 1.2310 - staying in swing side with stop up to 1.2293 offered now - option was to get out of half as figure spit - bacause of EURJPY pennant am trying to give EURUSD potential.

[billyhunt]

Originally Posted by billyhunt

Jumped to 1.2310 - staying in swing side with stop up to 1.2293 offered now - option was to get out of half as figure spit - bacause of EURJPY pennant am trying to give EURUSD potential.

Took Profit at 1.2302 as EURJPY failed to break Murrey 8-8 - set up failure - gain 9 pips.

Now probaility of double top higher - orders are to buy break on EUR 1.2327 stop .16 offered. Short Euro 1.2286 offered stop .97 bid

Will look for better swing trades to post

Existing Hiome deals (US) & Oil Inventories the main deal today it seems

[billyhunt]

Originally Posted by billyhunt

Took Profit at 1.2302 as EURJPY failed to break Murrey 8-8 - set up failure - gain 9 pips.

Now probaility of double top higher - orders are to buy break on EUR 1.2327 stop .16 offered. Short Euro 1.2286 offered stop .97 bid

Will look for better swing trades to post

Existing Home deals (US) & Oil Inventories the main deal today it seems

Nice scalping move though I normally don't scalp too much but when when undecided on wave - is this a C or 5 (the high I mean) need to keep it tight.

So we are short at1.2285 per the above order we trade 1.2265-66 here am bringing my stop down to 1.2276 bid - option of course of taking the qucik near 20 pips but as undecided on wave count and fact we are abover the 50 retest and spinning the 4-8 good risk reward to let work - option is to take half. This is where it all comes down to your risk profile and personality - it is all psychological.

Anyway just wanted to post a few trades of what I see and why and try to get them here real time.

Nice start to the day.

Will post some charts and some swings when I get a break from trading here.

Have a great day

[billyhunt]

Flat out at 1.2271 trail all dollar yen this am - will be flat until home sales + 14

[billyhunt]

Choppy day on the Euro happy to have got some positives there - USD JPY and EURJPY breaks following AUDJPY and NZDJPY from yesterday - clearly the Yen is weak. Will aim for +2-8 on AUD & NZD v.Yen - been very nice long reversals off panic driven seeling.

87.20 first AUDJPY congestion

Watching Sell entries on these and for Euro to test 50 ema again

EURJPY 142.08 and 142.25 are keys at this time

Will be back later with MMcharts

[billyhunt]

Here is an example from the LiveFx Floor - copy of chart shown live with call and Murrey Math Lines + other indicators. Yen has been particularly weak of late - with great ranges - Note hear the Murrey Math Fractal spit and 2-8 to -2-8. There was also similar set ups today in USDJPY & AUDJPY.



Yen has been particularly weak of late - with great ranges - Note hear the Murrey Math Fractal spit and 2-8 to -2-8. There was also similar set ups today in USDJPY & AUDJPY.

[billyhunt]

Originally Posted by billyhunt

Here is an example from the LiveFx Floor - copy of chart shown live with call and Murrey Math Lines + other indicators. Yen has been particularly weak of late - with great ranges - Note hear the Murrey Math Fractal spit and 2-8 to -2-8. There was also similar set ups today in USDJPY & AUDJPY.



Yen has been particularly weak of late - with great ranges - Note hear the Murrey Math Fractal spit and 2-8 to -2-8. There was also similar set ups today in USDJPY & AUDJPY.

Was nice bounced back 142.20 and back to -2/8 to let you do this trade again (not that I did I was asleep) then from -2/8 (141.78) to back to 142.48 where MM recalcualted for the next day - I will post an updated chart to show you - just got up and wanted to update.

[rob]

Hi Billy,
Nice to see you here on Moneytec!
Robert (Japan)

[billyhunt]

Friday was all about he weak Yen which we had been playing for about a week. USD/JPY had a 117.81 session high recorded early on in the European session. 117.40/45 is now the uplift support.

Euro had a figure spit at it's high at 1.2102 back into the 1.2080"s clear 80/20 channel. On options front the barriers at 1.2045 and 1.2000.

Currently short EUR 1.2084 with stop at 1.2091 looking for the 80 to give way also off 4/8 MML.

FOMC tomorrow so expect so couple of days but thin breaks.

[billyhunt]

Bring trailing stop down to 1.2077 bid rememeber news coming up

Not a lot out but at 8.30 ET we have the following and what they expect;

US Personal Income (Dec) – exp. +0.4%
US Personal Spending (Dec) – exp. +0.7%
US PCE Deflator (Dec) – exp. +2.7% (YoY) and +0.2% (MoM)

Also Canada Industrial Product Price (Dec) – exp. +0.4%

Will be flat before this number - so EUR short has limited lifespan

[rob]

nice quick move, thanks.

[billyhunt]

Originally Posted by billyhunt

Bring trailing stop down to 1.2077 bid rememeber news coming up

Not a lot out but at 8.30 ET we have the following and what they expect;

US Personal Income (Dec) – exp. +0.4%
US Personal Spending (Dec) – exp. +0.7%
US PCE Deflator (Dec) – exp. +2.7% (YoY) and +0.2% (MoM)

Also Canada Industrial Product Price (Dec) – exp. +0.4%

Will be flat before this number - so EUR short has limited lifespan

Have just taken profit here on EUR at 1.2066 - 3 minutes to report and at bottom of 2d channel
18 pips to start the week

[billyhunt]

Originally Posted by rob

nice quick move, thanks.

Hey mate no worries good to see ya - haven't seen you forever what happened to ya

[billyhunt]

I have order to sell EURCHF at 1.5569 stop 1.5577 bid (currently 1.5558/60.

That is MM 8/8 and previous High Spit (Gann)