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RicG
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Postby RicG » Tue Nov 18, 2014 10:36 pm

Major round number area of 93.00 was a bit of a temporary "wall". Looking to add to my position IF, solid CCI trendline break occurs near-term after JPY Monetary Policy Statement news has been released and digested, and price has remained above EMA, as per my rules. (Hate these "Tentative" economic news releases")
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RicG
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Postby RicG » Wed Nov 19, 2014 7:19 am

NZD/JPY CCI Trendline was broken to the upside
last night, but I didn't add to my position as price
is now below the 34 EMA. Price pushed down
upon release of the JPY Monetary Statement and
it appears that we are in consolidation.

NZD PPI Input/Output is scheduled for release
later today, and that might determine the next
short term direction.

A possible harmonic pattern is setting up that
would indicate price pushing up to at least 93.53,
or within 20 pips of my initial long term target.
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RicG
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Postby RicG » Wed Nov 19, 2014 11:38 pm

NZD/JPY update - the NZD news came out and it was REALLY bad.

The good news is that price only moved down about 30 pips as
immediate reaction to the negative PPI Input/Output numbers.
The bad news is that price seems to be stuck in a holding pattern.
I moved my Profit Stops up just a bit, but still in strategic structural
locations well below the current consoidation area.

There's JPY economic news scheduled to be released tonight and
that might get things moving again.
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RicG
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Postby RicG » Thu Nov 20, 2014 8:31 pm

NZD/JPY Update - Price continues to consolidate right around the 93.00
area, creating a bullish Cup and Handle formation. Needs to break
through 93.00 area decisively fairly soon, or it's likely to go back down
and test the 92.00 level, IMHO. If price breaks decisively up through
93.00 and stays above that level, I'll look to add to the position
utilizing my CCI Trendline Break/34 EMA strategy.
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RicG
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Postby RicG » Fri Nov 21, 2014 1:15 am

Decided to close out my trade, as price kept being rejected in the 93.00
area, and short term looks very "toppy".

Final stats on the trade that was initiated 9 days ago:
Profit Total of 522 pips on 3 entries:
1st Entry, profit of 242 pips
2nd entry, profit of 189 pips
3rd entry, profit of 91 pips
Average entry netted a profit of 174 pips, as printed on the chart.
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dchappy
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Postby dchappy » Fri Nov 21, 2014 2:32 pm

Beautiful.., :smt023 :smt023 :smt023 :smt023

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MightyOne
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Postby MightyOne » Fri Nov 21, 2014 3:47 pm

Impressive.

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RicG
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Postby RicG » Fri Nov 21, 2014 9:05 pm

Thanks guys. :-)
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dchappy
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Postby dchappy » Sat Nov 22, 2014 5:00 pm

RicG wrote:Thanks guys. :-)
gotta love the CCI ..never let's you down...
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RicG
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Postby RicG » Fri Nov 28, 2014 1:37 am

A couple of holiday scalps today.

Chart on the left shows a CCI Trendline Break short.
Took 15 pips profit right before it hit the round number
of .85000 and because the trendline break occurred
so low.

Chart on the right was simply a pure price action short
setup good for about 22 pips.

Hope everyone has a great Thanksgiving!

(click on charts pic twice for clearest/full size view)
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