My Family Rafting in Rio Grande Gorge Near Taos, New Mexico

Daily Swing Trade: 9-13-2016

Introduction to RYZE.Ai:

My Family Rafting in Rio Grande Gorge Near Taos, New Mexico

My Family Rafting in Rio Grande Gorge Near Taos, New Mexico

Individuals sometimes tell me that they really enjoy reading my Forex trading adventures and they would like to make money trading currencies or commodities like oil or gold but they don’t have the time to learn all the methodologies necessary to be really good at trading. If you are one of those people, there is an excellent program called RYZE.Ai by Hodo Global. I can show  you how this fully automatic artificial intelligence software program, which  I use to generate consistent profits in my trading account, day after day and week after week. Independent analysis shows RYZE.Ai has earned 3.06% per month on average. For more information, please watch the overview videos, read more of my detailed articles, attend a Thursday evening webinar , check for a RYZE.Ai seminar in your area or send me an email or set up a time to talk to me personally.

Currently there is a subscription special reducing the initial fee to only $99, a savings of $100. Read my bog about the special here.

Now back to “the best of” my personal trading:

Overview

Xin and Family Rafting in Rio Grande Gorge near Taos, New Mexico

Xin and Family Rafting in Rio Grande Gorge near Taos, New Mexico

If you have been following my last few posts, you know that my family and I have been on vacation in Taos, New Mexico and that I try to include some interesting geography or history related to trades currently active in my posts. We are home now and my GBPUSD trade ended but I am continuing the Taos, New Mexico theme because the trade hit the profit targets so fast I never got to finish with Taos. I am not complaining, I will take quick profits any day. However, I am breaking with tradition and continuing with my Taos theme.

I have been posting mainly  Daily Swing Trades lately but I will start interspersing my own trades on days when there are no Daily Swing Trades called as I did in my last post yesterday.

Today we do have a daily swing trade and I have included it below.

Daily Swing Trade for 9-13-2016: Australian Dollar / New Zealand Dollar (AUDNZD)

Today the Daily Swing Trade involves the Australian Dollar / New Zealand Dollar currency pair. The Harmonic Scanner has given a signal, a harmonic Gartley Pattern on the daily chart of the AUDNZD. You can see this on the chart below.

Australian Dollar / US Dollar (AUDUSD) Daily Chart Daily Swing Trade on 9-13-2016 Chart A

Australian Dollar / US Dollar (AUDUSD) Daily Chart Daily Swing Trade on 9-13-2016 Chart A

The squiggly lines are standard deviation bands which can help to show areas of support and resistance as an additional confirmation of the trade. You can see that a butterfly pattern (drawn in blue on chart) is forming inside the Gartley pattern. I this instance we have a harmonic pattern inside another harmonic pattern.

Australian Dollar / US Dollar (AUDUSD) Daily Chart Daily Swing Trade on 9-13-2016 Chart B

Australian Dollar / US Dollar (AUDUSD) Daily Chart Daily Swing Trade on 9-13-2016 Chart B

Another way to look for support and resistance is to display the Fibonacci ratios which are shown in pink on the chart below.

Australian Dollar / US Dollar (AUDUSD) Daily Chart Daily Swing Trade on 9-13-2016 Chart C

Australian Dollar / US Dollar (AUDUSD) Daily Chart Daily Swing Trade on 9-13-2016 Chart C

The red oval on the chart below highlights a very important area. This is the resistance zone where we will enter a buy entry on this currency pair.

Australian Dollar / US Dollar (AUDUSD) Daily Chart Daily Swing Trade on 9-13-2016 Chart D

Australian Dollar / US Dollar (AUDUSD) Daily Chart Daily Swing Trade on 9-13-2016 Chart D

The chart below shows the support range where we will look to buy, the stop loss point, and the profit target. On this daily chart the stop loss point given by the Harmonic Scanner was so far away that the risk was very large. In this instance, the pattern suggested a higher stop loss point that lowers the risk on the trade.

Australian Dollar / US Dollar (AUDUSD) Daily Chart Daily Swing Trade on 9-13-2016 Chart E

Australian Dollar / US Dollar (AUDUSD) Daily Chart Daily Swing Trade on 9-13-2016 Chart E

If you look at the MACD indicator shown at the bottom of the chart you can see a divergence pattern. That is, the oscillator is making higher lows indication the downward momentum is losing steam and a move upwards may be beginning. This is another confirmation of the trade signal.

 (AUDUSD) Daily Chart Daily Swing Trade on 9-13-2016 Chart F

(AUDUSD) Daily Chart Daily Swing Trade on 9-13-2016 Chart F

Since the daily chart gives wide profit targets and stop loss point, even taking into account the adjustment made on this trade we need to be careful to raise our stops and potentially take partial profits.

Taos Pueblo – Taos, New Mexico:

Those who are regular readers know I like to include some geography or history in my posts. Since I was in a trade involving the US Dollar and we were in Taos, New Mexico I added some information about the Taos Pueblo, which we visited below. (check out my travel blog at http://goTripSpin.com)

From Wikipedia:

“The Rio Grande Gorge is a geological feature in northern New Mexico where the watercourse of the Rio Grande follows a tectonic chasm. Beginning near the Colorado border, the approximately 50-mile (80 km) gorge runs from northwest to southeast of Taos, New Mexico, through the basalt flows of the Taos Plateau volcanic field. The gorge depth is 800 feet (240 m) just south of the Rio Grande Gorge Bridge, which spans the gorge 10 miles (16 km) northwest of Taos.

In 1968, the Rio Grande was among the first eight rivers the US Congress designated into the National Wild and Scenic Rivers System to protect outstanding resources values. The Wild and Scenic River flows through the Rio Grande Gorge Recreation Area. The recreation areas include the Wild Rivers area in the north and the Orialla Verde area in the south, which provide hiking, boating, fishing and camping facilities.

The gorge has Class II to Class V white water rapids that are managed for recreation by The U.S. Bureau of Land Management (BLM). The BLM maintains two developed recreation areas along the river that include hiking, biking and other recreational opportunities. In New Mexico, The Rio Grande has two main sections for rafting near Taos: the Taos Box and the Racecourse Run. The Taos Box, a more dramatic, deep canyon, is famous for its big, technical Class IV rapids, while the Racecourse Run is a Class III stretch better suited for first-time rafters and families.”

Rio Grande Gorge Pictures

My Son Rafting in Rio Grande Gorge Near Taos, New Mexico

My Son Rafting in Rio Grande Gorge Near Taos, New Mexico

Family Photos from Taos Pueblo

My Family Rafting in Rio Grande Gorge Near Taos, New Mexico

My Family Rafting in Rio Grande Gorge Near Taos, New Mexico

My Family Rafting in Rio Grande Gorge Near Taos, New Mexico

My Family Rafting in Rio Grande Gorge Near Taos, New Mexico

Map of Rio Grande Gorge – Peñasco, New Mexico:

My current recommendation:

Like I said at the beginning of this article, for additional details on a fully automated, set it and forget it, artificial intelligence currency trading program called RYZE.Ai from Hodo Global , watch the videos below.

RYZE.Ai and Hodo Global Videos

RYZE.Ai and Hodo Global Videos

Click here or on the Image Above for the RYZE.Ai videos.

Once again, if you have comments or questions, please leave then below or contact me.

Leave-Comments

Sincerely,

Xin

2 thoughts on “Daily Swing Trade: 9-13-2016

  1. Leslie

    Wow this is a very interesting and complex topic. I have been interested in learning more about Forex training but have not taken the plunge yet – I will have to read a few more of your posts but this was a nice introduction.

    Looks like you had fun in Taos – this is an area of New Mexico that my family and I have repeatedly been to and have always enjoyed. Thanks for the great post!

    Reply
    1. Xin Zhang Post author

      Hello Leslie,
      I am glad you found my trading post informative. Forex trading can be very complex and time consuming if you do it on your own as I have done. That is why I like RYZE.Ai so much, it allows me to get the excellent returns offered by trading without consuming all of my time and attention. I think RYZE.Ai could be an answer for many people. Check out the previous link for much more information and don’t hesitate to let me know if you have any questions.

      Yes, we did have a good time in Taos. We usually don’t stay directly in Taos but stay in Angel Fire or Red River (the ski resort towns).

      Sincerely,

      Xin

      Reply

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