In response for your requests guys to explain the rational behind the live trade we took on GBPCHF. Here is the explanation. On the left hand side daily chart, the price started the bearish behavior on the 78.6 retracement level for the overall bearish wave as shown on chart. As it formed two major bearish shooting star candles. That was not enough for me to...
From time to time, I like to post my mistakes. Usually I do it with private charts, but if there is something for everybody to learn, I make them public. This is a wonderful trade I took on USDTRY, or better said, didn't take. On the weekly chart, the green arrow shows where I bought, the red where I sold. Let me explain the trade. After a strong rise following...
Friends, I haven't had time to post any of my trades in recent days. So i thought i would post some of the trades I took recently. I know this is after fact, but the aim is just to share the knowledge and experience. I made 4 trades, 3 winners and one loser. I will post them throughout the week as i am taking a small rest from markets during the election...
Hello Traders! As many of you know, I use the Stoch RSI as my main cycle indicator. As an indicator of an indicator, it normalizes the RSI indicator itself and provides excellent guidance on the price cycles of Gold. And while I base my daily analysis on the Daily time frame, I use 2 shorter time frames to enter my positions. These time frames are 30 minutes and...
Greetings Fellow Traders, Price Action, Support and Resistance are a very critical part of trading and always aid in the removal of emotions from any trading scenario. I've posted a couple of analyses recently regarding this pair, and one of them turned out to be an opportunity that would have been a loss. It's just as important to know when to exit your trade...
Weekly Chart: Price is continues to push lower, retested a long term rising trend line and major horizontal support last week but failed to break it. Forming a weekly hammer candle, are we heading for a serious recovery for the USD. lets check the daily chart now for more clues. Daily Chart: The bounce of the weekly support shown on the other chart was halted at...