Forex Tradingwithrayner

[Knight_Rider]

Thx, I got an account with exness. Gaining some confidence today. Although it's only 6cents that I won. Made a few bad mistakes only.

Give you a morale booster. MT4 Icon is Forex4you.

 

[tradingwithrayner]

 

[tradingwithrayner]

Eurgbp has been in a steady downtrend. Thus any pullbacks warrant a short for me.

0.8020 is an area i will be interested with SL of about 20 pips.

Gbpusd has been in a steady uptrend. A pullback towards the 1.6930 would be opportunity for longs.

SL would be around 40 pips.

 

[tradingwithrayner]

Where's The JPY Headed?

 

[tradingwithrayner]

EURGBP Short Setup

Weekly chart shows that this pair momentum is to the downside. It has another 180 pips more before approaching the key area.

Daily chart you’d notice price likes to retrace about 70 pips before heading lower. Thus I’m expecting a similar move again.

4 hour chart shows previous support turned resistance at the green area.

Look to short at the green area with stop loss of 25 pips.

Take half at the swing low at around 0.7920 and remaining half to ride.

 

[tradingwithrayner]

 

[KC]

Interesting thread I intend to restart FX trading after a pretty long break. Used to be pretty active but not trading using own money Nice to have a place to learn and share ideas with like-minded traders.

 

[SmallTrader]

up for good thread. hope TS will share his knowledge and experience consistently and not let the thread die off

 

[tradingwithrayner]

up for good thread. hope TS will share his knowledge and experience consistently and not let the thread die off

I do my best to update once a week. If even one person could benefit from it, then i'd consider my effort validated.

Cheers!

 

[tradingwithrayner]

Still watching EURGBP

 

[tradingwithrayner]

Analyzing the Majors!

 

[tradingwithrayner]

On the daily chart, I suspect there’s tons of stop orders below the 100.70 area.

I’m looking to get long at 100.50 with SL at 99.80

 

[tradingwithrayner]

Kiwi Trade Setup

On weekly chart the trend is up and notice how price likes to retrace 400 pips at a time.

On daily chart, we see that the 0.8400 is a key area to look out for.

Long 0.8390

SL 0.8290

1st target 0.8700

 

[tradingwithrayner]

Shorting the AUDNZD

 

[mreverton]

I m first time here.. Quite impress with the posting...

 

[tradingwithrayner]

I m first time here.. Quite impress with the posting...

Thank you and i hope you enjoyed it!

 

[tradingwithrayner]

EURUSD Bearish Momentum

 

[tradingwithrayner]

NZDUSD weekly is trading higher with 350 – 400 pips range.

NZDUSD daily is approaching 0.8400 which a key area to watch out for.

Further more I expect a cluster of stops just below it as those who went long would probably placed their Stoploss just under 0.8400

With that in mind, I will be looking to long when these traders are cutting their trades.

Long at 0.8390

SL at 0.8290

1st target at 0.8800

 

[tradingwithrayner]

On weekly you see price retracing on average of about 400 pips.

At this moment, GBPUSD has retrace about 480 pips and it could either be a steep retracement or a start of something new.

Personally I will trade with the trend till it ends.

On daily you can see that the 1.6700 is a key area that has been tested couple times. And this is where i’m choosing to fight my “battle”.

Long at 1.6665

Stoploss at 1.6565

1st target at swing high

Good Trading!

 

[tradingwithrayner]