AUD and NZD are On Top to Start off the Week!

BIG Moved for a Monday today, especially the strength of the AUD and NZD:

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  • Eric Lambert

    Hi Nathan I havent been able to be at my computer for you to answer my question above trend line retest before continuation begins at which point I would assume is when we would enter a position. Is there any possibility you could go over this sometime this week sir. Iactually missed this great btrend line break at 400 before the BOE reports came out at 430am so Im kicking my self and hope I didnt miss a great move which I wont be able to get in. I hope that wont be the case. I also see how important it is to be up for the London Open. Thats when the great trades seem to be. Thanks my man.

  • NathanTucci

    Hey Fabrice!

    As always, thank you for the kind comments. You always make me look good haha and I do appreciate that. I knew you would be interested to hear what I said about that EUR/GBP, almost to the extent that I didn’t mention it as to not be confusing, but I think it’s important that as you develop your trading, there are “anomalies” (in French, maybe tricky –sorry), where you can’t have a strict rule 100% of the time.

    Thanks again for your comments and glad for you to be a part of our program!!!!

  • NathanTucci

    Thanks Paul, I appreciate your comments. Yes, I think the GBP will be quite interesting.. I am interested to see the long term result of this move. Yeah, for you, I hope the USD/JPY will move up and break, but it looks like the rest of the Yens are pushing the other way right now ๐Ÿ™

  • NathanTucci

    Hey Eric, will try to get into this in today’s analysis. Thanks for the great question, it is definitely worthy of addressing.

  • Fabrice Goeyvaerts

    Hi Nathan,

    Today I loved your analysis, for several reasons:

    – on EUR/GBP, you show us once more how to trade between 2 levels and I’m amazed with your ability and ease to jump on a trade when you see an opportunity.

    Also, I thought your rule about not moving your SL before reaching 2R was a fixed one but I see that you use flexibility according to the situation.

    – on EUR/USD, you remind us that in order to make money we need to be patient and this is so difficult sometimes but so necessary !

    – on GBP/USD, you explained clearly how to avoid chasing price and indicating an important level where it would make sense to enter if retested so that we can be in early.

    – your honesty and humility to tell everybody your assumption on USD/CAD was completely wrong. A quality we must possess in order to be profitable, I guess.

    With all of that, I’m so happy to be one of your student of the Mentoring Program. With you as my Mentor I’m bound to succeed and become a profitable trader on the long term.

    Thank you very much for the time you take each and every day in helping us to have an edge in the Forex (and for correcting my English ๐Ÿ™‚ ).

    You deserve another winning trade on EUR/GBP !!! ๐Ÿ˜‰

    Fabrice

  • Paul

    Surprising Aud & Cad moves for a Monday, particularly in NFP week

    I agree with your thoughts on the GbpUsd (nice retrace to prev resistance, becomes support) then a ‘trigger’ candle to get long
    I also like the look of the Usd Jpy you posted (if the trade is split, take some profit & move stop to breakeven at ‘only’ 1 X risk, then leave the rest to see if 100 will give this time for a higher high)

    I’m not in the EurGbp long, but quite appreciate your reasoning

    Thanks Nathan

  • Eric Lambert

    Hi Nathan. I was just wondering when do you like to enter a trade on a retest of a trend line when it has a small body candle with long wick also I believe called a hammer or pin bar and then let price move back in direction of the trend again? Or do you want the failed retest to happen and then clear the highest price point off to the left area first before you enter a new position. Which today I think you called the open price area I think? Can you please explain in your next daily analysis or email me at [email protected] if thats allowed.