Hi folks,
Just a quick post to show you USDCHF monthly chart which, as usual, is mirroring EURUSD.
As I pointed out in my last post, EURUSD has reached in my opinion a decision-taking level in the long term charts: it’s time for this pair to decide whether to continue plummeting or to gain some ground back, and that key level is 1.38. You can read all that in my previous post here on the blog.
Well, USDCHF is facing a similar dilemma, being 1.14 the make-it-or-break-it price level: if price pushing above that level, the trendline will be officially broken, some stoplosses will get triggered, stop-and-reverse traders will jump in, etc etc. In the other hand, if that level holds price below, USDCHF might once again begin to head down in the direction of the overall long-term trend.
We’ll see!
23 September, 3:25 pm
dear hector:
haven’t see you for a long time, do you think the Us treasure’s rescue plan will pass through ,what it will lead the us dollor go?
23 September, 11:46 pm
hi, Hector
I agree with your technical analysis for EUR/USD and USD/Chf. another pair that showing the same thing with that 2 pair is USD/CAD monthly. that 1.0850 is showing now as resistance. if that key level 1.0850 was holding and price continuing down that will be another down trend.. what do you think Hector…??
25 September, 4:11 am
Thanks for your analyses Hector…I prefer the longer TFs anyway….good observations. Any comments on the $Y on weekly….seems about to break down? Thanks for your efforts. If folks just look at your web site they can make good money.
25 September, 8:53 pm
Another good looking set up is the NZDUSD on the daily chart looks like it could beading to the down side again I keeping an aye on that could be some good short opportunities coming up here in the next few days.
Brian
26 September, 12:24 am
Thanks for the heads-up Brian, iv just seen the NZDUSD you were mentioning.
Looks like the trigger might occur during the overnight session if your looking to go for the whole swing.
26 September, 12:30 am
On second thoughts price is far from the trend-line, however a bpc of aspect 2 of that 123 might tempt me in.
26 September, 3:25 pm
Fabio,
It is in the area of dynamic support and resistance and is kind of meandering around in that area we will just have to watch it and see what it does. There are actually a couple of trend lines the last one being the steepest so who knows what is going to happen but it is worth watching for sure.
26 September, 9:20 pm
Hi all, I’m seeing what looks to me like a nice setup on the GBP/USD 4H timeframe, tiggered long at 1.8450, your thoughts on this setup please.
cheers Jed
29 September, 4:01 pm
Fabio,
Looks like the NZDUSD has made it’s move to the down side Lets hope it keeps going.
Brian
30 September, 1:31 am
Brian
The NZDUSD is at the 61.8 fib at 0.6630 (low to high) and running into a previously broken trendline.
Im hopeing for a bounce off it to give us a 123 and an entry below all that support.
Not totally convinced its going to go smoothly but fingers crossed.
30 September, 2:45 pm
Fabio,
I took the trade yesterday and @.6815 and ended the day +110 pips at that point I closed out half the trade. I do not think it is done yet but anything can happen.
Brian
30 September, 5:49 pm
Well done Brian Nice trade.
7 October, 10:55 pm
Well Fabio I ended the trade finally for a total of 207 pips. And the NZDUSD took off for another run to the bootom side again. I guess I could have left it alone for a few more days but all in all a good trade.
Brian
8 October, 12:38 am
Brian, What a bomb across the board yesterday!
I was away for the day and missed an easy dive. Sometimes i think the market just wait’s for me to look away. hehe.
Oh well.
I think you got out at the right time as the swing target measures perfectly to 0.6150.
Glad you got some pips
8 October, 10:13 pm
Hello everyone - nzd/usd entered at 0.6070 stop at 0.6105. Broke resistance at 0.6166 ,come back to retest fairly close, at fib 61.8. trendline down connecting .Presently 45 pips in profit. Don’t know how long i will hold because early in the day.Great method here.
8 October, 10:18 pm
Broke support i meant :)
9 October, 10:40 pm
Robby,
That pair has really plummeted over the last few weeks, I do not have a live trade open right now but I will be looking at the charts tonight to see what is going on again. Good luck on the trade let us know how you did.
10 October, 12:46 am
Good call! Most of the pairs are really trending.
12 October, 9:31 pm
Did anyone catched the USDCAD?? On the 4hr time frame, on demo account, the thing plummeted around +1100 pips. I never thought a trade could keep going for that long in the same direction.
Of course, with my usual luck, the trade was taken on my Meta4 Trading Demo Account using the MetaTrade Moving Average EA Automated Trader. How accurate this is in the long time I do not know.
But boy it was a Good Trade!
Happy trading folks!!
..::Daniel::..
17 October, 6:48 am
USDCHF (4hr Timeframe)
Goodmorning guys, my quick thoughts on this currency pair is that we are waiting for a good uptrend just about to take place.
The pair has been going through a period of consolidation in an upward movement and has been forming what appears to be a straight forward textbook ‘ascending top triangle’
Resistance level currently holding strongly on at 1.1400.
Going a bit backwards on the DAILY chart now, we can also see this area being a strong resistance point for the pair since the 10th of September.
So what I am now personally waiting for is a punch to the upside, breaking through this level, a retracement and hopefully a huge swing to the upside that should take us to the next resistance level of 1.200 round number.
Happy Trading :)
..::Daniel::..
18 October, 12:09 am
Robby any update on your position? I assume you closed out by now.
21 October, 3:52 pm
Hi, I’m new to this blog but I wanted to let you guy’s know about usd/cad 4hr chart. It’s making higher highs and higher lows and now it’s looking like a flat triangle. I’m waiting for a BPC
Take care and happy trading!!!
21 October, 4:24 pm
Hi Hector,
I wanted to share with all of you, something I discover about EUR USD (1.33) and USD CHF (1.16), on a weekly chart:
they are both next to the 61% Fibonacci retracement level from 2006 movement.
Interesrting! Look what is going now.
All the best to you,
J.C.
21 October, 4:27 pm
Yup, I know J.C. That’s why I mentioned in my previous blog post (http://www.hectortrader.com/2008/09/18/raising-my-eyebrow/) that if EUR/USD broke below 1.38, it was free fall from there to the next support level at 1.33… which is exactly what’s happened. I hope you managed to profit from that.
-HECTOR
29 October, 2:23 am
Hi Hector,
Hope your well.
Will your website be returning to the daily videos we all look forward to? Its been a very long time.
Thanks Fabio
30 October, 1:59 pm
Hi Guys -
Never posted before on Hectors site, so hello everybody…
Just wanted to see if anybody else is tracking GBPJPY EURJPY and CADJPY ?
Obvs JPY has had a record breaking resurgence over the last couple of months, and the clear trend has been down, I am watching theses crosses in the daily / 4 hourly time frames and they look like possible bearish flag formations to me. Although no clear entry signals yet. These crosses could be ready to take another leg down or poss just retest the recent lows.
My only concern is these markets have been extremely lairy recently and have already travelled a very long way in a short space of time, so these are not low risk trades.
Also it sdoes hinge a little on the action with the Dow and other stock indices because of the mkts perceived unwinding of the carry trades.
What you guys think ?
KB
4 November, 6:48 am
Another all out leg down in JPY crosses is unlikely, BOJ will be stepping in if we see new lows, with help from other central banks(presumably). That said, markets will probably linger in the lower ranges of this sell off for weeks, maybe months. Expect daily volatility to diminish in near future.
12 November, 6:54 pm
Hector ? Where are you? you are missing some fantastic market moves!! Please come back and help us stay sane!!
speak soon…. I hope… Gav
18 November, 9:35 pm
Maybe it is me - but I havent seen any valid setups for weeks. Anything I do see violates one of Hectors doctrines about when to trade and when to sit it out.
I’ve been sitting-it-out for ages. Maybe that is a good discipline I have developed, but I stillwonder if anyone is seeing any decent setups lately?
19 November, 4:23 am
Hello paris,
check out usd/sgd on the 1 hour chart.
it looks like it’s making higher lows then hit’s resistance at 1.5281 and 1.5300 level. (flat triangle) waiting on BPC on that pair.
usd/jpy, triangle on daily chart
alot of things on daily charts lately, that’s where I’ve been making pips lately but with lots of patients.
happy trading!!!!!
ps, Hector is the man!!!!!!!!!
19 November, 10:28 pm
Cheers Joe,
I have 19 currency pairs in my watch list
(mostly the obvious paris, USD/GBP/EUR/JPY/CHF/CAD/NZD
but never really looked at any other semi-exotic pairs
like usdsgd.
I’m probably missing out on some good moves.
Thanks for the tip.
20 November, 5:22 am
The markets are messy this week for sure.I did make a few pips off the auz/nzd .. otherwise i don’t see anything worth trading really. I’m trading off the 4 hr and really nothing trending the way i like it.You all take care,Robby
20 November, 12:26 pm
Hi there,
Many may have seen the triangle on EUR USD (and other USD pairs) on daily or 4H time frame.
But is there anybody courageous enough to trade it?
(see false breakout on 13th and hudge candlestick like always nowadays)
“Sitting on your hands” and waiting is a nice style of trading today…
20 November, 5:57 pm
Hi,
traingle on day chart for usd/jpy pair, waiting on BPC and I’ll let you know what happens.
20 November, 9:38 pm
..also the GBP/JPY waiting to possibly fall off the precipice at 139.0 (Flat Bottomed Triangle).
If it BPC’s then it’s practically an abyss.
I have a feeling it might not even BPC.
It might just go south like a lead balloon and never look back to the support level to retest it.
21 November, 12:15 am
Hi Paris.J
also look at GBP/JPY on the 4hour chart. looks like a sloppy channel with Ma’s. (Ma’s could be better but nothing is perfect) 11/12 to 11/20 and just broke out of that range. maybe BPC
I like sharing trading ideas!
happy trading
21 November, 3:37 am
Hi Everyone,
Just wanted to know if any of you are looking at the eurgbp in H4 time frame? the way i see it we have a up trend with price coming off a level of confluence at 0.8350/0.8330 (dynamic area, 61.8% fib, round number, prev support).
Price looks to me to have formed a flag pattern.
This is a very slow moving pair but this seems like a valid set up other than maybe price is running out of steam after the range break out in the weekly chart.
I am new to hectors style of trading and would love to hear what you all think of this set up???
Andy
21 November, 5:05 pm
hi Andy,
I would wait for a fresh swing up with better angles on Ma’s. that’s what I would do
happy trading
23 November, 10:01 am
Hi Andy.Looks good to me. 50sma angling up.Actually the first retrace to the 50sma on the 4hr chart with a complex retrace pattern(abc). Thanks for pointing this out and will keep my eye out early on this pair. Robby
24 November, 12:30 am
Hector must be kicking around somewhere if he’s authorising the posts on the blog.
I don’t know about this project of his, but seems to have gotten pretty complicated by now :(
Only thing that keeps me going is I know he’ll be back soon :)
24 November, 9:04 am
CHF/JPY looking good on for a possible setup on 4H timeframe
Jed
24 November, 12:18 pm
>Only thing that keeps me going is I know
>he’ll be back soon :)
The way things are going, that could be years :)
btw, I’m still watching that flat-botom-tri on GBPJPY
(4hr & Daily).
Could be days before it (if it) breaks but
I’m in no hurry.
24 November, 1:05 pm
Hi Jed
That CHF/JPY 4hr setup has landed on the 61.8 fib of the monthly fib swing, If i get an entry south somewhere. ill be quick to move my stop to breakeven where possible.
Fabio
24 November, 4:12 pm
That CHF/JPY should be turning around now. With any luck.
any of you on ff?
1 December, 5:54 pm
Hello Everyone
Wow some big moves to start the month! I was wondering if anyone has taken any trades today using hectors rules etc?? the only trade that i have seen looking good to me is CADJPY daily if it makes it down past 75.00…. everything else seems to have skipped the pullback- continuation part of the entry and left me behind so im wondering if i missed any opportunitys that you may have seen/taken?
happy trading!
4 December, 1:11 am
I wonder what happened to Hector he has been silent in here since September. I wonder if he took another job somewhere has anyone heard from him?
4 December, 11:16 am
‘Morning everyone, hi Andy….. I am seeing your trade on the CADJPY….. personally I have been waiting for the EURJPY for the past weeks now, and it seems that it’s gonna break the 116.75 Key Level that has been acting as support for quite some time. This is an easy setup in my opinion…flat bottomed triangle on the 4hr time frame. Waiting for a breakout,pullback and continuation 1-2-3 pattern and off we go, hopefully to new historical lows :)
Have a phenominal day!
4 December, 2:51 pm
hi.. does anybody know where is hector? coz we need him here……
4 December, 2:54 pm
Soon Bryan, soon. I should be back for the new year :)
-HECTOR-
5 December, 5:06 pm
Nice Hector can’t wait for your comeback :-)
5 December, 7:03 pm
Getting killed by these markets - am i alone? wheels are coming off..
5 December, 7:14 pm
Gav, pull out your Daily charts, in all currency pairs. See price banging up and down within horizontal levels of S/R and the ATR dropping down? that means congestion and indecision before the storm.
The only pair that’s breaking through right now is GBPJPY. All the rest haven’t showed their next move yet.
That’s why I like to always zoom out to Daily/Weekly charts so I get a whole perspective on where are we as a whole: is it time yet? is there any clear bias? am I buying onto resistance or selling onto support? etc.
-HECTOR
5 December, 7:24 pm
Ahhh, the soothing words of Hector,
such a welcome sound to hear.
Hector!! you left your children wandering naked and
cold in the forest of forex! How could you?
We’ve been surviving on road-kill and poison berries
for months and it hasn’t been good!
Please show us the way back to the gingerbread house,
..preferably without the witch.
7 December, 7:38 pm
And the road kill we can live with…but the poison berries..dog gonnit they give a guy the winds…lol
10 December, 11:16 pm
Poison berries….winds….LOL Brian, Sounds like an aftermath of Hector’s Christmas Lunch. Last year it was Turkey,King Prawns with Cream if I remember correctly.
What’s it going to be this year Hector? :D
15 December, 2:27 pm
I am new to hector’s strategy, been trying it for a month or so. Is it me or is it impossible to hit the TP as suggested in the course? I usually get only 1/4 of the suggested targer b4 the price turn on me. Anyone experience that too? Is it me not fully understanding the lesson or the market it crazy that’s why
16 December, 8:12 pm
Are you using FIBS Diana ?
Can you give us an example of a pair you have traded? Time of Entry, Time Frame, Stop Loss and Target Proftit?
..::Daniel::..
16 December, 8:15 pm
I second your last point there ’sometimes the market is crazy’ but I also know there are a number of very successful traders out there who do this for a living :D
17 December, 12:32 am
Diana,
The markets are pretty crazy right now and hitting full targets or both targets is a challenge on some days. The Hector method does work I use it every day but in the volitile markets we are seeing you really have to have in intrade management under closeful eye.
–Brian
17 December, 5:23 am
Diana, plz give us some trade details so we can have a look. The markets may be crazy at the moment, but when isn’t something “crazy going on.
Post your last few setup details and ill get back to you.
17 December, 4:41 pm
Hey guys thanks for your reply and offer to help. I will try to get the chart out and ask questions.
I must have done something right today as I just score 100 pip on EUR/USD on a triangle breakout in 1 hour. so happy
17 December, 8:30 pm
Diana,
Sounds like you had a nice trade you must be doing something right, I was watching the USDCHF pair this morning and it moved sideways for quite awhile and when it broke to the down side I waited for the pull back and then jumped in I managed 176 total pips and tightned up my SL. It did stop me out when I did that, and then it took off again, but I was a little leary after it hit the ADR and decided not to stay in it. But I am still very satisified with the trade. It has been a good day.
–Brian
19 December, 12:55 pm
Hi Hector,
I took your course last year, after a long time of demoing and trying to find my style, it is still your education that keeps my feed on the floor. I’d really appreciate having you back on your blog with your trading videos and analysis.
I wish you and the whole community a pleasant christmas and a succesful new year!
Cheers
Roman
24 December, 8:19 pm
Merry Christmas to you all, from New Zealand
25 December, 2:40 am
Merry chrismas to you all and happy new year ….
God Bless You all
28 December, 4:39 am
jetesh bhula merry christmas to you what part of new zealand are you from? im also from New Zealand…
28 December, 7:24 pm
Hi Andy, I’m in Wellington, and you ?
29 December, 7:49 pm
Looking forward to your comeback Hector. I don’t think I’ll ever forget this year!
30 December, 7:17 pm
Hector deserves no Christmas turkey this year ! Just a lump of coal :) hahahahah
Regards to everyone from Malta!
May 2009 bring easy pips :)
..::Daniel::…
31 December, 4:36 am
Hi the best to everyone in 2009 from Chicago or (Czech Republic)Nice comment Daniel.
3 January, 7:21 pm
Hi Hector,
I sent the symbol AUDUSD to the INO.com Free analysis tool, specifying my email address.
However, instead of getting a market analysis like you did - I received a marketing blurb email about
and how to sign up to MarketClub for the premium service. I never received a free analysis :-(
Is it ‘free’ provided that you are a paying subscribed member to MarketClub?
5 January, 5:50 pm
Hi All,
Well here are in the new year, anyone having any luck?
5 January, 11:11 pm
Bri, I am using an indicator that plots a similar bpc pattern to Hector’s (but on a 5minute timeframe for confirmation) and aiming for +2,+3 pips MAX…. so far so good :) I have to take MANY trades since my account is so small, but as I nuture it, and hopefully things remain as they are; I should be able to increase my lot sizes with compounding :)
What about you ?
..::Daniel::..
6 January, 12:04 am
don’t worry hector,
that INO.com audchf analysis I sent the other day?
it just got sent to me 5 minutes ago.
So much for realtime quotes :)
6 January, 10:22 am
not so lucky to start new year…
already miss few trade yesterday and today loss a little due to cold start (long holiday)
i think i need to warm up before actual trading, maybe on demo for 1 week
6 January, 2:36 pm
Daniel,
One must do what ever works, I am not really into indicators much except for the RSI, MACD, and the Stochatics, and I do not use them very much but I do once in awhile. I have only taken 1 trade so far this new year I managed 137 pips and that was yesterday on the USDJPY pair but I had pretty decent December. Just keep plugging away at it and the account will grow.
6 January, 2:40 pm
Azul,
After a break coming out of the gate can be rough, I like to go to the gym (demo account) after a long break just to get back into the trading mode losing demo money is much easier to take than the loss of the real stuff.
6 January, 2:41 pm
So what pairs is everyone watching?
6 January, 3:19 pm
Hi Hector,
Happy new year! Where have you been? I miss you man! Hope to hear from you and your blog update soon. ;)
6 January, 3:35 pm
Hi Brian,
What setup did you see yesterday on USDJPY?
I didn’t see a clear BPC trigger on that pair - even though it did take off around 8am. That train seemed to
leave the station without coming back to retest, so I left it.
6 January, 3:46 pm
Paris,
What I did on that pair was trade the break of the 92.00
it seemed to hang around that area for quite some time during the asian session and when it finally breached that 92 after a small retrace before that, that is when I went in. It certainly was not a text book setup but it did go, I watched it pretty close for a while until I was certain it was on it’s way. I was little leary of it at first but then it finally got it’s act together and took off.
6 January, 4:39 pm
Aahh.. I see.
I wasn’t wasn’t sure if it would just bounce of the 92.50, and R:R was a bit too 1:1 for me, so I aborted.
Nice catch (you’re a braver man than I :-p
6 January, 5:05 pm
Paris,
There is a fine line between bravery and stupidity and some times I cross that line :)
6 January, 5:52 pm
If you hate this whole idea then you don’t have to abide by it at all ;)
Nonetheless, this is how I will be posting/sharing my future watchlist setups.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PAIR : USDJPY
Direction: long (e.g. long, short)
TIMEFRAME: 1-hr (e.g. 15-min, 1-hr, 4-hr, daily)
TYPE : T (e.g. T=Tri, FTT=FlatTopTri, FBT=FlatBottomTri)
PRICE NOW: 90.00
SL : 89.50
TP1 : 90.95 (e.g. the potential 1st target)
TP2 : 91.45 (e.g. the potential 2nd target, if any. if none or not sure then use: ???)
R:R : 1:2 (Risk:Reward)
Caveat-1: e.g. news release coming at 14:30!
Caveat-2: e.g. heavy resistance at 91.00 on daily! price may bounce off
Caveat-3: e.g. R:R only 1:1
Caveat-4: e.g. overall setup a little scrappy/unclear
Caveat-5: e.g. It’s after 12pm on a Friday!
Caveat-6: e.g. USDxxx cross pairs don’t seem to agree!
Caveat-n: e.g. blah blah blah
~~~——————————————–~~~~~~~~~
Personally, I want the ability to scan the whole bulletin in 10-20 seconds,
without getting bogged down in “I think this is going to..”
or “I think that is going to..” etc.
Personal interpretations/assessments can still be posted as normal, but after
the above ~~~bulletin/block/format~~ so the Hector-3SMA setup rules/guidlines
are clear separate from personal interpretations.
This way, we can (in a matter of seconds) checkout the respective setup/trigger chart
to make our own judgement based on Hectors standardised trading rules.
Thereafter, you can (if you want to) read what the poster feels about the potential setup.
Maybe it’s just me, but I find the mixture of setup-info and ‘personal commentary’
a little distracting. I miss Hectors setup emails with the basic trading setup info,
and then reading his blog/interpretation after I have made my own.
But it’s probably just me :)
Of course, if you don’t have a bulletin topost and just want to chat about what you’re
watching (as you used to) then that’s cool.
As I said, use this format if you want to, and don’t if you don’t ;)
6 January, 5:56 pm
Hector, if you decide to allow my post please
edit example bullein line TP2:
so it doesn’t wrap and spoil the format.
Each point should only take up one line.
It’s only wrapping because I have the example text
in there the explain the points. If you want to post it
fee free to edit so there is no wrapping.
In a real bulletin there won’t be any example text so
all the information will be tidy (one point per line)
without wrapping.
thanks.
Paris.
6 January, 6:42 pm
brian
good catch man on usdjpy. i also looked at the same pair yesterday but cold start made me hesitate to pull trigger. i bang my head for not taking that trade
6 January, 9:47 pm
Azrul,
I was not sure I was going to take that trade at first but I am glad I did. Right now I am watching the EURUSD on the hourly chart it is getting ever so close to 38 retrace fib from yesterdays high which lies right in the area of dynamic support and resistance and right near the breakout of yesterdays sideways movement basically right on the 1.350 so I am going to wait and see what happens there but it may present a nice short opportunity very soon.
6 January, 9:51 pm
Azrul,
I meant the 1.3550, we will see if it hits it or if it is going to play around awhile.
7 January, 10:50 am
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PAIR : USDCAD
Direction : short
TIMEFRAME : 1-hr
TYPE : T
PRICE NOW : 1.1828 (08:49)
SL : 1.1865
OPEN : 1.1795 (pending)
TP1 : 1.1755 (40 pips)
TP2 : 1.1655 (100 pips give or take)
R:R : 1:1 (not so good!)
Support : 1.1520
Resistance: 1.1850 - 1.1865 (also 50% fibonacci)
NOTE-1 : 4-hr 1.1850 support broken & holding
NOTE-2 : daily uptrend line broken
Caveat-1: 14:15 [USD ADP Non-Farm Employment Change]
Caveat-2: e.g. R:R only 1:1 - a bit shallow
Caveat-3: may retest 1.2000
~~~——————————————–~~~~~~~~~
7 January, 12:37 pm
PAIR : USDCAD ABORTED.
Too much consolidation. not sure where it’s going now.
7 January, 2:08 pm
Tks for your instruction Paris J for usd cad pair I also aborted my pending order on this pair….
I looking a break out on flag formation on GBP JPY and wait for BPC its seem promissing because price bounce on 50% fibs at 138.00
3 SMA is pointing up parallel each other….
on monthly I saw price was hit a very long support last month an bouncing up (I hope)
7 January, 2:09 pm
oh ya… forgotten the time frame i used is 1 hr…
7 January, 2:54 pm
Paris,
That looks like a good way to post. I will use it to keep things clear.
7 January, 4:05 pm
Well, pretty much all of my setups have fallen apart when the NFP came out this morning. SO looks like no trading for me today :(
7 January, 5:03 pm
bryan
i will only take gbpjpy if only it bounce at 38% or 139.00 RN so i pass this setup
currently i am watching audjpy (67.00 RN to hold?) and eurcad (bounce 162.50 RN?)
most of today setup are violate except eurgbp, i manage to get some pip out of it (2 trades to same target price)
all setups are in 1H time frame
7 January, 6:24 pm
Azrul,
I abandoned those setups as well after the NFP came out it got all messed up. I did manage to just close a trade on the EURGPB for 61 pips, using pivot point S1 as TP target. It bounced off of it but I closed it before the bounce happened. It may go down even further.
8 January, 12:37 am
~~~~~~~~~~~~~~~~~~~~SETUP BULLETIN~~~~~~~~~~~~~~~~~~~~~
PAIR : GBPJPY
Direction : LONG
TIMEFRAME : 1-hr
TYPE : T
PRICE NOW : 140.00
SL : 139.45
OPEN : tentative
TP1 : 140.95
TP2 : tentative
R:R : 1:1 - 1:2
Support : 140.00 (38.2% fibonacci)
Resistance: 146.50 (see daily chart)
NOTE-1 : 4-hr uptrend holding
NOTE-2 : Daily downtrend-line broken
Caveat-1 : 13:00 - GBP Official Bank Rate!! (8th Jan. Carefull)
Caveat-2 : daily chart approaching dynamic area of support
Caveat-3 : 15-min trigger chart may creeping until news release.
~~~——————————————–~~~~~~~~~
8 January, 5:21 pm
Paris,
It’s to bad we cannot post our charts as I am seeing something a little different,I am seeing on the daily chart a resistance around the 139.00 price area which is a previous swing low on Oct 24th. Which at the time of the writing has been breached somewhat but not a lot. And the price as of right now has turned back to the down side and is now below that resistance line. Also on the hourly chart the 100 SMA is also being tested which is popping a caution flag. On the hourly chart I am also seeing a head and shoulders formation with the neck line broken and there is when the 100 SMA was tested. Let me know if you are seeing the same thing.
–Brian
8 January, 5:48 pm
Now on the other hand concerning the GBPJPY looking at the weekly chart the 38.2 retracement fib is at 149.70 so the retracement could have a long way to go. So it looks like time will tell on this pair.
8 January, 5:51 pm
Also I forgot to mention the Bullish Hammer on the weekly chart. So this could be the beginning of a nice uptrend for a while which may hold some nice long opportunities. Again this is only my opinion just by looking at what I am seeing in the long time frames and the short time frames.
–Brian
13 January, 5:56 pm
Hi Guys.
How is everithing somebody trading this weekend?
Today I sell EUR/USD but I was wrong :-( my stop was mor faster than limit. Just kiding was my mistake.
Still no posts from Hector thats not good we miss you Hector new year is here and you not. Why???
Are you going back?
27 January, 1:56 am
Hey there anyone following CHF/JPY 4H today? Is that a swing is it rite to get in at 77.69?
31 January, 8:23 am
Hello Hector,
Just purchased your trading course. I have noticed that you’ve been missing for a long time. I heard that you are very good with your after sales support, especially when it comes to answering trading-related questions. So I do hope that you are ok, and that you return to your loyal students.
I miss your video tutorials and your insightful posts. Please come back soon!
VA Ushashree
2 February, 6:58 am
Hi all, GBP/USD looking good for a setup on day chart
Jed
2 February, 11:29 am
Good one Jed. I took GBP/JPY instead. Got in Asian time
2 February, 12:28 pm
Hi all,… still no sign from hector…. where are you hector… we miss your TA..
Jed and Diana I miss those setup…. it already running 200 pip… :( good analyze from bought of you…
2 February, 1:59 pm
Jared,
U must be lucky to have seen the master b4. I’ve not heard from Hector since I bought the course back in Nov. At least he reply my email hehe.
Btw I use Bill William’s strategy too so the signal to short already come in Asian time.
3 February, 1:34 pm
Hi everyone
im looking at what seems like a nice set up on the AUDCAD H4 chart. Just waiting for a bounce off the 0.8000 area and price to start moving down again before entering. lets see how it pans out in the next day or so :)
3 February, 1:54 pm
I am also following pound crosses (GBPUSD and GBPJPY mostly) for GBP-weakness on Daily charts. They seem to be founding resistance off previous support levels but still no reversal pattern has be confirmed. That’s exactly what I am looking for.
Other than that, Kiwi crosses are giving out some breakout-pullback-continuation patterns: NZDUSD off the 0.5900 former support level, and EURNZD off the 2.4800 former resistance level. So, all in all, NZD-weakness signals on long term charts.
-HECTOR
3 February, 8:42 pm
Hi Hector, do you mean 0.5100 on the NZD/USD
cheers Jed
3 February, 9:57 pm
Nop Jed, I mean 0.5900. Zoom out to your monthly chart and draw they main horizontal S/R line you can find… Do you see the massive breakout-pullback-continuation pattern?
-Hector
4 February, 10:07 am
Thanks Hector, thats why your the teacher and we the students!
I’m looking at a good setup on the gbp/usd short at 1.4040
cheers Jed
4 February, 9:08 pm
hi hector. i keep sending people to your site to learn and, with last post 22 sept, they might think its dying? is the course still running?
maybe put up one a month to show someone is home? ;)
6 February, 1:17 am
Hi Hector,
Just to say I saw some ‘old’ videos of yours on YouTube and enjoyed them…great stuff in there with some nice tips.
Would enjoy seeing more of your work.
Cheers.
10 February, 7:01 am
Hector, Hector, Hector ….
You had mentioned back in November that you were planning on coming back at around the first of this year. It’s now into February and we haven’t seen any new videos here yet. Can you give us a timeframe as to when you will be back? Your public demands it! (Ha-ha).
10 February, 10:53 pm
As long as the 0.6600 long-term S/R level holds price below, NZDCAD is looking VERY good for a short.
-Hector
11 February, 11:44 pm
I think that we’ll soon of Hector’s launch of a satellite. With all this work on his new project, it’s gotta be something massive :) Is something related to the forex market brewing hector? New piece of software perhaps?
..::Daniel::..
27 March, 8:00 pm
Where is everybody?
I have been making some good pips on the Kiwi, currently looking at a nice set up on the NZD/JPY 4H chart
cheers Jed
16 May, 10:37 am
Wow! Great job on the new site !