SteveNixon
看多

Correction ending?

FX:AUDNZD   澳幣 / 紐元
417 6 27
This major correction is now approaching the 61.8% fib retracement so I'll be looking for a long trade back to the top of the channel. Remember we do not try to predict the turning point - you'll lose money that way. Price could easily push lower so wait for a break of the trend and long entry set up.

I update ideas as they develop so remember to follow to receive them. You can also follow updates via twitter (link via my TV profile)

Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve
評論: We'll be looking for something like this (see chart) If price pushes lower we simply wait for the same set up. Remember we predict a trade and wait for the set up - if it does not happen we stay out and protect capital
評論: OK that was fast. No set up so I am not in this trade yet. I'll now wait see if we get a nice correction for an entry
評論: OK this has pushed further and faster than I expected but the forecast remains the same. We are getting a correction at the moment and I'll be looking for an entry opportunity. Wait for the break because it may still make a deeper correction.

Thank you for all the congratulations that I've received for this accurate forecast but as anyone who know me will tell you I like to be very honest.

I missed this trade because I wasn't keeping an eye on the economic calendar. I expected a slow turn and break of the downward trend instead we had the news that NZ were not going to change their interest rate.

I don't trade the news but if I'm expecting a move in a certain direction which corresponds with a news release I will expect a quick break out and so trade it differently. Hope this helps
評論: This looks like a running flat or the start of a diagonal. This may take us all the way to the top of the channel but I suspect we may get a correction before we get there. At the moment I'm holding on to my long position but I would not recommend opening any new trades until we see where it's going.
Top-notch trade setup. I have to confess that charting is a skill. Hope things transpire well. Continue your good work and thanks for sharing it.
回覆
SteveNixon patterntrader
@patterntrader, Thank you for your support
回覆
@SteveNixon Damn...bhoom...this was like rocket..:)
回覆
SteveNixon danrindia
@danrindia, No entry set up so I missed it
+1 回覆
danrindia SteveNixon
@SteveNixon, I also did not took the trade but just looked at it and was surprised
回覆
SteveNixon danrindia
@danrindia, Interest rate unchanged so that's the news event that triggered the expected move.
回覆
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
首頁 股票篩選器 外匯信號搜索器 加密貨幣信號搜索器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的事件處理號碼 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出