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pro4Xtrader

High Probability Forecasts

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After a nice rally up GBPAUD corrected what seems to be a good entry point for the long position. The rally does not look over as no signs of reversal are presented. Target area 2.0180

 

bji9zd.png

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GBPNZD continues to print new lower highs and higher highs without any signs of reversal. In fact uptrend could just accelerate from this point and hit our target in the next few weeks.

 

219z4uh.png

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EURNZD broke above key resistance that could be a signal of a long term uptrend taking place. I think price could move up to 1.66 area that would make over 1000 pip upside move potential.

 

qq51fs.png

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It seems USDJPY now in the ranging mode where best is to use oscilators. Now USDJPY bouncing off the resistance and Demarker showing overbough. I think it is very likely price will drop back to support.

upok5.png

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guys anyone reading this or should I stop? :)))

 

no worries I;m with you bro. :)

the main reason should be there's only a few traders who bother with manual trade nowadays. eventhough you trading method are great one. bad news is, not all people would spare his time with charting activity by drawing the elliot wave manually ( the paint activity it harsh :missy: )

I had similar works with EURUSD price, by counting any possiblity related to daily high low price. it;s not a commercial EA, and I dont intend to sell anything too.

EFaSPo5.png

here's current result from 2 weeks forward test trading. the idea is to set stop order based on daily hi-lo calculation, aim for probabilty market would breach these level.

and for a moment it only works with low spread brokers since I use 30 pips stop loss at 5 digit EURUSD price.

just my opinion share, hope it would ring the bell and give a some nerd inspiration, my guess :crap:

hilohilo.png.b3aa3e73955fa30effe0b124c714ec77.png

Edited by prax

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  • Topics

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    • Accept that it is a probability business losing is always part of it. Those who try to not lose at all will lose everything at some point.
    • Trading is about waiting not about action wait for moments when the price is more likely to move in one direction than the other, that is where you make your money.
    • Stitch Fix Inc $SFIX Tags Major Support Level, Buy Triggered   Shares of Stitch Fix Inc (SFIX) collapsed over 25% today on the back of poor earnings/guidance. The stock now finds itself trading below $20, down from a 52 week high of $52.50. While it appears to be doom and gloom there is some major light for technical traders. Stitch Fix tagged a major pivot low from June 2018 at $18.40 today. This pivot low signals a likely flush out of weak hands and the bounce signals accumulating by smart money. It would not be far fetched to see Stitch Fix trade back to $25 in the coming months.


          Gareth Soloway InTheMoneyStocks
    • Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempts to gain an edge in the markets by making informed decisions. 
    •   Date : 11th December 2018.

      MACRO EVENTS & NEWS OF 11th December 2018.



      FX News Today Overnight, stock markets remained cautious after a slightly higher close on Wall Street. – USA500 futures down by 0.3% in overnight trading. Japanese markets remained under pressure and Nikkei was down -0.34%, but signals from China’s Commerce Ministry that trade talks are still on after talks between Chinese Vice Premier Liu He and US Treasury Secretary Mnuchin on how to push ahead with talks underpinned gains in Chinese markets. The delayed Brexit vote in the UK and the shock resignation of India’s central bank head added to a fearful tone in the region and wider indices continue to languish at low levels. Sterling slammed to $1.25 after Brexit vote delay, Gilt yields probed 4-month lows. EURUSD reversed to 1.1350 amid ‘hard Brexit’ risk from a 1.1443 3-week high. USDJPY has settled in the lower 113.0s – The pair had underpinned by fundamentals and limited by period bouts of intense risk-off trades, which generate safe haven demand for the Yen. WTI crude -3% to low $51s despite OPEC’s 1.2 mln bpd output cut. Charts of the Day



      Main Macro Events Today UK Average Earnings Index & Unemployment Rate – Expectations – The Q3 GDP growth, which is expected to be confirmed at 0.2% q/q, lower than initially expected and partly reflecting the -0.2% q/q contraction in Germany that quarter. German ZEW Economic Sentiment – Expectations – The last reading for the year is expected to come in little changed at -24.0 versus -24.1 in November, indicating that pessimists continue to outnumber optimists. US PPI – Expectations – Headline PPI is expected to be flat in November and core prices should rise just 0.1%, following respective gains of 0.6% and 0.5% in October. UK PM May to meet Juncker and EU leaders after delaying Brexit vote. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

      Please note that times displayed based on local time zone and are from time of writing this report.

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      HotForex

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