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Thread: 66469773 - Team 2 (B) - Support and Resistance | Price Action | Fundamentals

  1. #21 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Quote Originally Posted by Kalex     
    Thanks a lot for such valuable words again
    You're welcome.

    New updates:

    • Order no. 835458155 - 5th Order (GBPUSD) - Hit TP at 1.6985.
    Made 1150 + Swap 0
    Net Profit = 1150 + 0 = 1150

    • Order no. 835458270 - 6th Order (AUDUSD) - Hit TP at 0.9380.
    Made 500 + Swap 0
    Net Profit = 500 + 0 = 500
    • Removed SL from Order no. 835454125 - 4th Order (USDJPY).
    Also changed TP to 102.00 from 102.11.
    -----------------------------------------------------------
    -----------------------------------------------------------

    7th Order

    Order no. 835470213
    Type: buy
    Size: 50 Lots
    Symbol: USDJPY
    Price: 101.66
    S/L: N/A
    T/P: 102.00
    Status: Still Open

    Opened USDJPY at 101.66 which is just above 2nd support i.e. 101.63. Set take profit at 102.00 and there is no stop loss.

    Reason for trade:

    USDJPY sharply came down and stopped at 2nd support level which can be found at 101.63. So I've decided to open a new order in this pair just above 2nd support. I'm expecting that the price would rise again to hit the target.

    Daily Support And Resistance Levels

    Pivot: 101.98
    R1 102.14
    R2 102.33
    R3 102.49
    R4 102.66
    S1 101.79
    S2 101.63
    S3 101.44
    S4 101.26


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    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  2. 2 users say Thank You to bidyut for this useful post.

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  3. #22 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Nice bounce of usd/jpy and yes the pair is moving towards the 102

    Great analysis

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  4. The Following User Says Thank You to Kalex For This Useful Post:

    bidyut (26-06-2014)

  5. #23 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Nice call bro, indeed it is good to counter the trend at S2 or R2 for medium pair like USD/JPY. Almost majority pairs haven't much movements on today's trading. I hope your target will be achieve soon, bro.
    My blog : http://blog.mt5.com/topman/
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    bidyut (26-06-2014)

  7. #24 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Nice brother you have realy much better explain other contestor.Nice analysis of usd/jpy hope you get better result in his trading and make huge profit in his trades .Your working is much better of others ..keep it up ..

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    bidyut (26-06-2014)

  9. #25 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Quote Originally Posted by Kalex     
    Nice bounce of usd/jpy and yes the pair is moving towards the 102

    Great analysis
    USDJPY is trading in a limited range. I've bought last order (USDJPY) at a strong support level. Yesterday it bounced from 2nd support level but didn't achieve 102. I hope today USDJPY will reach my target. At London and US session it may reach to that level. Also today we've US news, lets see what happens. Thanks again for your visit.

    Quote Originally Posted by topman     
    Nice call bro, indeed it is good to counter the trend at S2 or R2 for medium pair like USD/JPY. Almost majority pairs haven't much movements on today's trading. I hope your target will be achieve soon, bro.
    My last order is in profit but I'm expecting that it'll reach my target. Today 1st resistance can be found at 102.01 so I'm sure it'll bounce to that level. But I've to get ready to take action as per price movements. Yeah, most of the pairs were ranging in a limited area. But lately some US related pairs (e.g. NZDUSD) have shown some good movements due to US news. Glad to have your nice opinion topman bro.

    Quote Originally Posted by aftab12     
    Nice brother you have realy much better explain other contestor.Nice analysis of usd/jpy hope you get better result in his trading and make huge profit in his trades .Your working is much better of others ..keep it up ..
    Its my pleasure to read such a wonderful comment from you. I've just tried to explain everything in a clear manner so that everybody could understand why I'm trading in a particular pair. There are very good traders in our forum and all are good at their own. It is your kindness that you're appreciating my work. I'll try my best to bring more better explanation later.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  10. #26 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    8th Order

    Order no. 835496385
    Type: sell
    Size: 100 Lots
    Symbol: EURUSD
    Price: 1.3620
    S/L: N/A
    T/P: 1.3575
    Status: Still Open

    Opened one sell order in EURUSD pair with 100 lots at 1.3620. My sell order is jut below daily pivot i.e. 1.3626. I'm not using any stop loss at this moment.

    Reason for trade.

    1st resistance i.e. 1.3652 rejected the price of EURUSD pair and now it has formed a bearish trend. We can easily find bearish candle in 4 hours and 1 hour chart. Now the price is below daily pivot i.e. 1.3626 which means it has more selling power. I hope the price would reach to the next support level which can be found at 1.3601. More likely the price would reach to 2nd support i.e. 1.3575.

    Daily Support And Resistance Levels

    Pivot: 1.3626
    R1 1.3652
    R2 1.3677
    R3 1.3703
    R4 1.3730
    S1 1.3601
    S2 1.3575
    S3 1.3550
    S4 1.3526
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    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  11. 2 users say Thank You to bidyut for this useful post.

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  12. #27 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    New updates:

    • Order no. 835496385 - 8th Order (EURUSD) - Closed manually at 1.3608
    Made 1200 + Swap 0
    Net Profit = 1200 + 0 = 1200
    • Order no. 835470213 - 7th Order (USDJPY) - Closed manually at 101.77
    Made 540.43 + Swap (4.42)
    Net Profit = 540.43 + 4.42 = 544.85
    • Order no. 835454125 - 4th Order (USDJPY) - Closed manually at 101.78
    Made (-)638.63 + Swap (4.42)
    Net Profit = (-)638.63 + 4.42 = - 634.21

    Current Equity:
    14 488.30

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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  14. #28 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    9th Order

    Order no. 835546027
    Type: sell
    Size: 100 Lots
    Symbol: GBPUSD
    Price: 1.7022
    S/L: N/A
    T/P: N/A
    Status: Still Open

    Opened one sell order in GBPUSD with 100 lots at 1.7022. I've not set any SL or TP at this moment. I'll try to make profit as much as possible from this order.

    Reason for trade:

    1st resistance seems to be strong and rejected the price. We can find 1st resistance at 1.7053. Bearish candles are clearly visible in the given chart. I'm expecting that the price would reach to 1st support i.e. 1.6984 followed by 1.6942.

    Daily Support And Resistance Levels

    Pivot: 1.7011
    R1 1.7053
    R2 1.7080
    R3 1.7122
    R4 1.7163
    S1 1.6984
    S2 1.6942
    S3 1.6915
    S4 1.6887
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    -----------------------------------------------------------
    -----------------------------------------------------------

    10th Order

    Order no. 835546047
    Type: sell
    Size: 100 Lots
    Symbol: GBPJPY
    Price: 172.55
    S/L: N/A
    T/P: N/A
    Status: Still Open

    Opened one sell order here with 100 lots without any SL or TP. My sell order is just below 1st support i.e. 172.71.

    Reason for trade:

    The price has just broken 1st support and seems to be bearish at this moment. I hope the price would go further down. Next support could be found at 172.23 followed by 172.88. I'll try to watch this pair and book profit at correct level.

    Daily Support And Resistance Levels


    Pivot: 173.06
    R1 173.54
    R2 173.89
    R3 174.37
    R4 174.84
    S1 172.71
    S2 172.23
    S3 171.88
    S4 171.52
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    -----------------------------------------------------------
    -----------------------------------------------------------

    11th Order

    Order no. 835546224
    Type: sell
    Size: 100 Lots
    Symbol: AUDUSD
    Price: 0.9428
    S/L: N/A
    T/P: N/A
    Status: Still Open

    I've opened one sell order in AUDUSD with 100 lots just below 3rd resistance i.e. 0.9445. I've not set any SL or TP at this moment.

    Reason for trade:

    AUDUSD is in a strong resistance area. I've opened my order only after getting a clear confirmation. If we look at 1 hour and 4 hours chart then we'll find how the price is reversing from resistnce area. Expecting to see some good profit from this order.

    Daily Support And Resistance Levels


    Pivot: 0.9409
    R1 0.9422
    R2 0.9432
    R3 0.9445
    R4 0.9459
    S1 0.9399
    S2 0.9386
    S3 0.9376
    S4 0.9367
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  16. #29 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    12th Order

    Order no. 835553312
    Type: sell
    Size: 100 Lots
    Symbol: NZDUSD
    Price: 0.8759
    S/L: N/A
    T/P: N/A
    Status: Still Open

    I've opened one sell order in NZDUSD with 100 lots at 0.8759. My order is just below daily pivot i.e. 0.8768. I've not set any SL or TP at this time. I would like to wait and book some good profit from this order.

    Reason for trade:

    If we look at 4 hours and 1 hour chart then we'll find the price has just reversed from a strong resistance area. 1st resistance can be found at 0.8805. Now the price has already crossed daily pivot which means more selling pressure is there. I'm expecting that the price would go further down to reach the next support level i.e. 0.8745 followed by 0.8708.

    Daily Support And Resistance Levels

    Pivot: 0.8768
    R1 0.8805
    R2 0.8828
    R3 0.8865
    R4 0.8903
    S1 0.8745
    S2 0.8708
    S3 0.8685
    S4 0.8663
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  17. #30 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    You are really very good in analysis. Here also you have shown your class. I wish if I could do the same as you. You are really gem of traders. I really like the way you trade. One thing I can say your trading style is almost safe and makes sure you can win most trades. I would really want to say so far this is the best thread I have seen in this contest.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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