Thread: Jordis system

Hello, I think it's time for a quick update. April 13 CIT has worked well.

The April 13 greatest was 0.7395, and now's minimum is, by the moment, 0.7303. That is 92 pips, but with my own system, I extracted 120 pips (closed transactions ), that's because I add to my winning trades, not to my losses.

What to expect? I expect a continuation of the bearish movement initiated on April 13. At least until one of those zones indied with orange rectangles.

Recall that on Friday 20, there's another CIT, so market can reverse between Thursday and Monday, but as always, we need a price verifiion, because of we never understand, when a tiny trend will be the start of another larger one.

PS. On April I posted another CIT date, there was a typing mistake, I composed April 28, but the date is April 30. Next CITs are:

-April 20
-April 30
-May 3

It is time to get a quick upgrade. On April 13, I anticipated a potential bearish path, and as you may see, The NZDUSD is following the forecasted path very well, and now is analyzing the target zone just in time because now is a CIT day. Anyway, let us see if there is some price reversal between now and Monday. With no price reversal, the tendency is bearish, so I'm opening just brief places until CIT is validated by means of a price verifiion.

Despite this, there are some things that make me think this time the CIT could neglect. Let's see how a Kiwi closes today, and I shall enlarge information this weekend.

This is my weekend review and trading plan for another week.

Let's see the NZDUSD and other markets. Yes, now I speak about other markets since I think we're near an inflection point.

Since the beginning of the year, the NZDUSD has been in a range, sideways, also the EURUSD, GBPUSD, and AUDUSD. Some day or another is going to be a breakout with this pairs, and I believe this day is nearer than many think, and the resulting trend will probably be strong.

Apart from the, if you seem the USD index, there's a triangle, and I think will be a bullish breakout. If so, most probably, will be a bearish breakout on the four pairs mentioned above.

What can trigger such movement? In my view these two:

1- Another drop in the stock market.
Two - Fed monetary policy. Another Rate hike on May 2.

Regarding point 1, from my point of view, the US stock market is currently looking awful, and ready for another bearish leg. If so, most probably, the USD is going to be obtained, breaking his triangle and tripping the breakout on NZDUSD, EURUSD; GBPUSD and AUDUSD.

The exposed above is just a chance I have, but If it's confirmed, then the resulting trend is going to be, most probably strong, and a lot of money can be made if it's traded correctly. In strong tendencies, the CIT's dates are nearly useless.

Nowthe NZDUSD specifically:

Monthly chart: After breaking last month's extremities, the price has reversed and right now, the monthly open, and the close (Friday's closing ) are under of that Pldot.With 6 trading days left to terminate the month, and I would not be amazed using a monthly close below the month's lows, in which case, the monthly bar is going to be a Bearish Engulfing Outside Bar (BEOB).

Weekly chart: Here there is not much to saya Bearish Engulfing Bar at resistance zone (BEEB). Is the B route the right one? With yesterday's closure, it seems it is.

Daily chart: Right now, the NZDUSD is analyzing the bearish trendline, as I forecasted some days ago. However, for the reasons exposed above (USD, the stock market, interest rates), I think there's a potential bearish breakout of this range. Anyhow, this service can holds again, or so the A path remains possible.

In a nutshell: This system is bearish and I will sell this market before the market supports a buy signal.

Congrats on your continued success, Jordi. You seem to have a good mixture of technical abilities with great discipline and money management. Keep this up.

Thank you very much MrBumFx

I think is excellent to work always with different chances. Look the orange channel. Maybe we're going nowhere before the Eu rate decision on Thursday. Yes, I understand, I am speaking about EU conclusion rate and this can be NZD, but the whole market is connected.

I have decided to change somethings:

1- I have changed the visibility of my trading explorer. Now it is just for my personal usage.

2- From today, my predictions and analysis about NZDUSD will probably be posted in the next thread https://www.nigeriaforextrading.com/...n-traders.html

3- This thread will probably be just a journal of my progress.

April outcomes: 890 pips, and a rise of 28.39%.

This month is not starting very well, it resembles that the April 30 CIT will be wrong.

Good luck with your thread Jordi.