If somehow GBPUSD can crawl back to 1.5300 area, you are in for a selling treat intraday short term before weekend, i gonna make another call short term on GBPUSD, while we wait for some more good entry on GBPJPY after it reached 186.4 earlier and bounce back abit after news to 186.95 currently. Call 5. Type: Push with a bit of pull inside Sell GBPUSD Entry: 1.5285-1.5305-1.5325 (100% sure on entry as this is a Push call ) Target: 1.5260 and a bit below. Timeframe: Intraday only from now til closing , and be done with it without lingering til any next day. Note: Though it is a push call, it has a bit of a pull element inside where Intraday today, anything above 1.5260 will be pulled back where 1.5305-1.5325 is the 100% sure best entry. It can push beyond 1.5260 on target , but that is to be dealt with by taking profit 1/3, 1/3, 1/3 per price range it can drop to counting from 1.5260 and further down. If it can't reach the waiting entry range, this call doesn't count.
The week open with GBPJPY drop to 186.2 area that i was concerned it may run without reaching our awaiting good entry . Now that it continue to show some short term upward momentum at 187.25 currently, I will refine the entry price a bit along with volume proportioning so you guy can be clear on both waiting good price and taking advantage of any early drop. With CPI news today on GBP, if it support GBP run up fast, then : Out of your planned volume on this Sell GBPJPY trade: 1. 1/2 volume at best price 189.10 2. 1/4 volume between 188.6 to 189.10 however you want to distribute as price moving 3. 1/8 volume at good price 188.6 4. 1/8 remaining volume spread out from 187.9-188.5 to capture any early run. This update is not only to further prepare for any quick upward movement due to GBP CPI news today, but also for the remaining time left for November waiting for this call on GBPJPY Selling with regard to volume distribution at each price range. If GBPJPY can't get to these price range, i will update entry strategy to deal with this later. At this point, i do have some small position in place to keep track of GBPJPY movement.
GBPJPY is reaching our initial range as it is at 187.85, and my advise to you guy is to stick with the proportional volume that i outline for well balance entry.. The better price you get with better volume the better, but as for Pull call, prioritize on well balance entry toward the best entry that i give out before the drop kick in.
Good Chance GBPJPY won't have a strong push yet until next week, especially early into December. If GBPJPY pullback initially as expect as it is at 187.35, you guy can take some profit for any position and wait to reposition again for the rest of the week. We continue to focus on the bigger volume area as outline. If GBPJPY can't reach these (that i will give it til next week ), we 'll do something about it. Initial Target may be revised a bit to 186.4 since this week it hit about 186.2 and push back up toward better entry price. I'll have the final revision within the next 2 weeks if needed on GBPJPY.
a small revision on entry after reaching 188.7 and pull back to 188.3 : Out of your planned volume on this Sell GBPJPY trade: 1. 1/2 volume at best price 189.35 ** 2. 1/4 volume between 188.8 ** to 189.35 ** however you want to distribute as price moving 3. 1/8 volume at good price 188.6 4. 1/8 remaining volume spread out from 187.9-188.5 to capture any early run. we are still on track for the pullback to 186s area in the next 1-3 week. I will revise the initial target a bit above 186.2. Lower target is still in order upon putting some trailing stop in place once the decisive drop kick in.
You guy can go ahead and take some profit here for anything accumulated toward 188.6 , i don't expect it to run decisively yet until at least next week as it is @187.75. So after taking profit, you can reaccumulate position at same ratio .
Anyone who get to reaccumulate some position, can exit 1/2 - 2/3 position here at 187.2, then reaccumulate again, as long as it is decently above today exit price, then you are good with same volume that being closed today , it may bounce another round up before pushing down decisively, , but will be within our outlined timeframe. I iwill continue to focus on GBPJPY til it is done.
GBPJPY just reached 186.6, and you guy should exit all position for now, and ready for another round next week. GBPJPY still have much room on down side, but it depend on how it end for the month beyond 186.6 level. I will update further next week
*** Now that you guy have seen some call from me that i assess to be 100% sure and market reflect that, then you should get an idea of how real of a deal i am in term of understanding the market. Currently i am doing this to prove to myself that i can do it with ease at this point. I maybe into getting signal service a few years back, but at this point, i no longer into this as i am assuring you now and it is not even worth the effort at this point. In trading, You can put a price on Winning/losing, but it is priceless to have a light easy feeling on trade that you know for sure you gonna win 100%, and you can have this feeling too if you get to work with my call long enough. For those who are serious about me, i am interested in working with you as a team of highly discipline and skillful in execution trader (as you see me telling u to exit per entry layer to prioritize profit balancing before hitting Target). For me the purpose of this team is to establish wider contact worldwide where we get to trade together, with me as your backup of making consistent money, while you still engage in your own trading style. basically if you screw up due to mental mistake, i got your back. I will stop publicly giving out call on this thread after done 10 call as plan, and will only work with this team. The next few calls will be further good opportunity for you to evaluate whether i am worthy of being your leader in this team or not with regard to being the signal caller. Believe it or not, i am here to help you beat the market on any given day as i understand some of you might have gone through hell like i did before. Consider it as my way to give back to the world for blessing me with the thorough understanding of the market even though i went through hell before to reach this level. I do know how much my current knowledage of FX market is worth, but to this team that i dedicate to working with, trader-hood is what i am after. If Anonymous is a well known league of skilled hackers, the Nut trader league (the team that we will be known by) will be known as consistent winning traders. The training that i will show you will boost the capability of your brain to deal with the stress in trading, having access to so much more mental energy have natural focused patience (vs. erratic patience), in addition to make your brain much more capable via my unique multitask training. You must pass these training to become a team member as it is how you prove yourself that you want to reach a higher level of a more capable trader. This is just a head up on my plan after this thread, and just contact me via private message if you are interested before i am done with this thread as i may not check back to elitetrader as often as i would now. i will let you know later when i will begin this team with FX trader here at elitetrader.
Call 6. Sell USDCAD price now 1.4492 SELL 1.4492-1.4520-50 Target: 100% sure to target 1.4420-1.4380 Timeframe: 1-3 days short term, should hit today/tomorrow Call 7. SELL USDCAD 1.4550-1.4640-1.4720 Target 100% sure to target 1.4250 Timeframe: Position next week with target to reach next month within February 2016 Note: if need to edit by next week/ first week of feb, i'll come back, for now this is the plan for call 7. I am giving these 2 calls to continue to wrap up up 10 calls i plan for this thread. Should be done by March latest for the last 3 calls.