My low stress trade was a fail but that doesn’t change my bias on USDJPY. I’m still long!
AB=CD on the monthly chart.

Entry on the 15-minute chart. Buy if the price closes above that blue line. It is important that you wait for the candle close. Target is at 90.75 and stop will be placed 5 pips below [...]

I’m calling a “low stress” buy trade on the USDJPY; We will be buying the breakout level at 88.3. Place your stop at 87.9, move stop to breakeven once it hits 89.5 or take your profits if you like.
Buy: 88.3
Stop: 87.9
Targets: 90/92.4/94
Trade opened at 88.44

Buy: 0.9980/90
Stop: 0.9932
Targets: 1.0095 / 1.0125 / 1.00225
Move stop to breakeven on 60 pips profit.

If it closes above that blue line, that’s another buy signal for me.

Disclaimer:
Foreign exchange trading and investment in derivatives can be very speculative and may result in losses as well as profits. Foreign exchange and derivatives trading entails a considerable risk [...]

The Reserve Bank of Australia (RBA) raised the cash rate to 3.5% on Monday last week, as expected by analysts. A few hours before the actual announcement, I thought that if true, the annoucement should obviously make the currency pair a buy, right? Right, but not on the very minute the announcement was made. It [...]

Ok here’s the gameplan.
Similar to Round 2, PX is on unchartered waters — Making new highs accompanied by wild volume. In round 2, instead on selling on target at 8.8, I held on to my shares until a clear reversal. We can do the same but the problem I see is that in round 3, [...]

The British pound last week was extremely bullish across the board.
Before the spectacular run up of GBP, I’ve detected an AB=CD pattern in the 4-hour chart which is confirmed with an RSI BAMM setup. With these two patterns, the probability of a reversal is high.
I went long on the British pound last week [...]

The Euro has been going up since the beginning of this year. It seems like nothing could stop its ascend especially now that the US Dollar keeps getting weaker and weaker. I say it’s time for major correction.
If EURUSD reaches 1.5025 / 1.5070 this week, that would complete the AB=CD pattern in the 4-hour timeframe, [...]

Click here for the original trade idea
Long Term Trade
Alright, we’ve waited long enough for this long term trade to open.

Monthly Chart

Potential AB=CD Pattern
Bearish trend line break
Reversed from 61.8% Fibonacci Retracement. Projected target at 161.8% (80)

Buy: 43 / Market
Target: 80
Stop: 36
Short Term Trade

Retracement of swing 41.5 – 46

Retracement of 31 – 47.5
Buy: 45 / Market
Target: 48.5 [...]

On June 25th, I issued a buy recommendation for PX and on the same day, the trade opened at 6.9. After a few days, it steadily climbed, reaching a high of 7.9. At that point, I got into a dilemma of whether to stay on target at 8.4 or just let my profits run. If [...]

There’s nothing interesting to see in TBGI if you consider its long term chart but there’s an opportunity to make money from this in the short term.
Let’s start with a bit of a recap on this stock. From April of this year, it started to climb from 2.6 low to a high of 3.45 then [...]