Wez1981

Wez1981 Updated 

Good afternoon, My trades for NAS100 will be a long entering now at market price with the target 7352.00. The price should be moving above this point and when the price return and move below 7352 (new 1 Hour Candle opens) i will short until 7266. The long term view for NAS100 is that the price will decrease below the 6500 mark. Targets: Direction Entry ...

Wez1981 Updated 

Good evening traders, My attempt at the NAS100 utilising price action and Wolfe wave principles. The NAS100 Chart reflect that a wave 4 is completed for the Wolfe Wave pattern and the next wave will end at 7441 which is wave 5 and finally wave 6 target is set at 7244.00 . Even thought the wave 4 is defined by me as completed there are a possibility for the point...

Wez1981 Updated 

Support and resistance. My trading plan is to sell when the current support line is broken on the hour chart and take profit at the next support line. The current support line will become a resistance line and I will utilise it as my next target. I foresee, based on the current pattern that the market will move down to the 143 region and then move upwards as...

Wez1981 Updated 

Good evening, Looking at the charts and the current situation in UK, my opinion is as follows: 1. buy at market price taking profit at 144.375 or 144.520 2. wait for the market to open a new candle below 144.240 enter with a sell and take profit at 143.910 after point 1 has been completed 3. after completing point 2, sell when the new candle opens below 143.800...

Wez1981

Good morning fellow traders, My current take on the market is that we are still in a range/correction and will be seeing some up movement. My trades will be as follows : 1. Market execution buy (141.468 @this moment) and taking profit @141.800 2. When new candle open below 141.800 enter with a sell and TP @141.120 3. I think 141.120 will be the turn around area...

Wez1981 Updated 

Good morning guys, It has been a slow week, but at least our last targets were successfully achieved. As per the graph my trades will be as followed: 1. Enter market at market execution and take profit point 142.696 ( I will take profit a few pips below to cater for the spreads) 2. When the new candle open above 142.700, I will buy and TP 143.430 ...

Wez1981 Updated 

Good afternoon guys, After a few days of fundamentals that makes me crazy, I am happy with technicals. Please bear in mind that the following is my views on the market and not advise or indication for any one to take trades. I am enjoying placing my views on the system as it allows me to see my faults and grow as a technical trader. the market just created the...

Wez1981 Updated 

Good evening guys, A New day to test the madness of technical trading mixed with perceptions. The way i see the hour chart is small moves until break outs. Due to the JPY becoming stronger as the USD politics and goverment shut down concerns are in the market , I see that the market will move down to 143.019 in the next few minutes and than move up to 143.375...

Wez1981 Updated 

Good morrning Guys, My views on the market for the next few days are as follows: If the last high which is on a support line holds my new diagonal line is AB and CB for the bottom line linking the highs and the lows. The market should be short for the day until the bottom line is touched and the market will then go long until 143.947. After 143.947 it could...

Wez1981 Updated 

Good day all, After the movement yesterday, my long term plan looking at the daily is still that the market will move up. The 1Hour chart reflects my trading plan while waiting for the upward movement. Please bear in mind that the published idea is not advise, but reflecting my though and personal actions on the market. The market in my eyes should not break...

Wez1981 Updated 

Good morning guys, Today has been marked as a day where the GDP will be very volatile, so please be careful for quick moves where the stop losses will be triggered and market direction will not make sense. Here are my ideas for the trades today: 1. Buy now at market price and take profit on or before 140.843 2. The market should be returning to 139.950 after it...

Wez1981 Updated 

This is an update on the chart. but the idea is still the same as the previous Ideas last comment. This chart reflect the plan for the short terms moved during the course of the day . New diagonal lines has been drawn to complete the triangle/wedge ( I am no pro to label them). I am seeing the market moving upwards and touching the diagonal line CD and there...

Wez1981 Updated 

Good evening Guys, After an exciting day getting back to my last starting point, nice profits has been realized as well as losses due to the fact that we became comfortable with strong resistance. I did not foresee such a big drop will occur, but these are things that we need to be ready for in any event. Based on the current market standing my trades for the...

Wez1981 Updated 

The last low was 136.440 on the 16 Jan 2017, this reflect that the market could drop further. Based on the distance of the drop on the 31st and today , I would say that the drop is completed. I also amended my Top Diagonal line to take in consideration the last high and create a new downward wedge. i left the bottom diagonal line in place as all comes together...

Wez1981 Updated 

The Current market conditions is still not very predictable due to the news and political events , opinion and discussion that is transpiring UK. lucky we have technical guidance in these times. look at short term trading for the next few days. The market reflect the intent to move upwards. My Trades will be as follows: 1. Sell and take profit at 140.397 but...

Wez1981 Updated 

Good evening guys, My opinion and views on GBP/JPY is based on support and resistance that I perceive. The following information is not advice, but merely me sharing my intent with the currency pair until the profit has been realized or the market moves outside my favor. Starting with the diagonal line CD to be the target for the price and it will reverse back...

Wez1981 Updated 

As the GBP/JPY market is volatile due to the Brexit Saga, fundamental traders are having a ball and technical trades are enjoying applying their skills. Here is my idea of the market movement in the next few days to weeks. The 1Hour chart reflects that the market is in a downward wedge and waiting to break out. My views is that the downward trend is not done...