hello guys. now we'll watch the pair nzdusd. a great constellation. if we look in the daily chart so we can see that the pair need triggers at prices by 0.67 to get newer highs more than 0.78. in this chart we concentrate for popgun trading in the daily chart. some people know how it works. is it a true popgun so we have 5 bars left to explode in one way. up or down.
if you zoom the chart you can see the targets. we have target 1.1, 1.2, 2.1 and 2.2. in this setup we are concentrate only for target 1. target 2 is active if target 1.1 completed, right? okay.
i use the pricelist of jfd brokers, so i can tell you only the levels for this broker. but this list is nearly to the real forex market. no market making
okay back to the chart. now we've got a good position to sell, because the price is for an important pricelevel. 0.7085. is this price triggering this level so we know that the price will growing up to target 1.2 before attack to target 1.1. if the price stop before 0.7085 is our concentration for a short setup to target 1.1. is target 1.1. finish is target 1.2 finish, too. after finish target 1.1 is the concentration to target 2. this setup is a popgun trading setup. no bottomfishing!!!
for the guys which trade on jfd brokers.
sell now with sl: 0.70858 buy over 0.70858 with sl 0.69711
good luck good trades
p.s. don't forget the 5 bars left rule for a real popgun. no later than friday next week must the popgun to be exploded!
Comentarios
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short update for this pair. the pair has a next popgun in the dailychart. we are watching the pair for a short-hedge-setup until 0.71645 and a take profit at 0.66537. small stopploss, big profit. is this pair triggering, so we concentrate to target 1.2.1
Comentarios
Dinkan
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Moving Massive Idea
MrThomas
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@Dinkan, hello dinkan. yes it's right. it's a combination of popgun trading and my own rule. we'll see what happen. i'm in short mode to catch the bottom in the daily chart. but the chart on 1h and 30min looks like more highs at the moment. with the daily high today is the short mode not 99% clear. a little bit tricky.
MrThomas
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@Dinkan, last but not least we've got 2 popgun bars in the daily. crazy :)