I've developed my own trading system and proprietary indicators, which I have dubbed "Proverbs 16:3" (to give honor where honor is due) and plan to use this thread to document my level of success or failure.
My primary interest is in the major currency pairs, which I trade daily using 15-minute charts, but I kind of dislike what I'm seeing right now in that there does not look to be a lot of trending at present. Rather, I feel I'm looking at reoccurring jumps and consolidation. Nonetheless, my best take on the present situation is as follows...
More or less bullish:
AUDUSD, GBPUSD, EURUSD, XAUUSD (Gold)
More or less bearish:
GBPJPY, EURJPY, USDCAD, USDCHF, USDJPY
Reversing north:
EURGBP
My tentative plans:
Go long AUDUSD if price drops back down to the 0.7666 level without reversing the trend.
Attachment 228876
Same as above for GBPUSD if price drops to 1.3319.
Attachment 228878
Think about shorting S&P 500 futures if price makes its way up to the 2190-2197 neighborhood.
Attachment 228886Attachment 228884
My primary interest is in the major currency pairs, which I trade daily using 15-minute charts, but I kind of dislike what I'm seeing right now in that there does not look to be a lot of trending at present. Rather, I feel I'm looking at reoccurring jumps and consolidation. Nonetheless, my best take on the present situation is as follows...
More or less bullish:
AUDUSD, GBPUSD, EURUSD, XAUUSD (Gold)
More or less bearish:
GBPJPY, EURJPY, USDCAD, USDCHF, USDJPY
Reversing north:
EURGBP
My tentative plans:
Go long AUDUSD if price drops back down to the 0.7666 level without reversing the trend.
Attachment 228876
Same as above for GBPUSD if price drops to 1.3319.
Attachment 228878
Think about shorting S&P 500 futures if price makes its way up to the 2190-2197 neighborhood.
Attachment 228886Attachment 228884
Narrowgate Trading Daily Technical Analysis
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