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100-Pips GBP JPY & CHF JPY

DaddyPapi Posted 7 Apr.  in #Trader's blog #4H Chart #Support #Resistance #Daily #Consolidation #100 Pips
The GBP JPY could give us a 100-Pip trade in the next 12-24 hours if we see a good signal on the 4H Chart. This would be in response to the Daily Chart signal already given at the Resistance boundary of the large Pennant. Giving us a heads up that this is likely to happen was the positively correlated CHF JPY that had a very similar setup last week.
DAILY CHART - CHF JPY
The trade would have involved entering at the close of that Daily bearish candle, placing a Stop Loss at the high of the ABC …
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Recent NZD CAD 120-PIP Trade & GBP CHF

DaddyPapi Posted 18 Mar.  in #Trader's blog #4H Chart #Daily #Trade #Breakout #Consolidation
A bullish trade was made on the NZD CAD after it started breaking out from the large Daily Consolidation setup. The Breakout started on March 7 as the bullish candle formed above the 0,9211 Resistance to move north by 200 pips.
DAILY CHART - NZD CAD

The entry took place using the 4H Chart when a breakout took place from a pennant. Entry took place at the close of the candle with stop loss just below support and the limit set for 120 pips- the area at which the breakout was expected to end given…
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SIDEWAYS PATTERNS- MONEY WAITING

DaddyPapi Posted 11 Mar.  in #Trader's blog #Support #Resistance #Daily #4H #Consolidation
Consolidation patterns have formed on the Daily and 4H Charts of some pairs over the last few days and these can be traded between Support and Resistance until the breakouts take place. Between 100 and 200 pips can be easily taken, making strong contributions to a traders´profitability.
On the 4H Chart of the EURO CAD, a large 200 pip range has been formed. The price is currently above Resistance but a break back inside with a strong enough candlestick signal would indicate a movement back down …
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GBP SOARS ON EMPLOYMENT GAINS

DaddyPapi Posted 23 Jan.  in #Trader's blog #GBP USD #Daily #Breakout #Entry Setup
The surprising drop in the number of unemployed persons in the UK sent the unemployment rate down to 7.1%, close to the 7.0% level at which the Bank of England says it would consider raising interest rates. The GBP USD reacted with gains against the USD, pushing the currency above the Resistance of 1.6450 of the Daily Chart´s Range (Support 1,6300). With the prospect of widening of the interest rate differential in favour of sterling, the currency could gain significant ground in 2014.
Short-t…
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