Here , market gives us only Daily levels. Okay , we will trade around them only. However , we are in triangle pattern . Indecision in the markets again. It's very risky to trade in that kind of environment. Market can do anything. You must be very cautious. If we go long , we will be stopped soon , If we go short , we will be stopped soon. So we just chill out and...
Indecision. Triangle. Range. Which direction you choose to trade ? Up/Down ? Right answer is no one !!! Market is indecisive. When that kind of conditions , stay away. It's best for your account , as to your mind. Wait for clear break in either side and then decide which direction market is likely to go.
Market is telling you to wait cause there's no clear direction , If you trade , you will lose. It's that simple. Try to not trade instead of observe and think over price action. When opportunity is there , Ride it !!! Wish you great weekend , no trade executions on Friday , Wait for Weekly close :)
Our next journey showing a lot of information, including: possible breakout points, down and up; support and resistance points; trendlines, fork range and its exits, explained important points in detail; etc.
As you can see, there are 4 important points that might be the crucial checkpoints tomorrow. Predicting that Nr. 1 is a 99% probability (the only way we can pass that range is if it gap opens up or down by +-40 cents). Nr. 2 has 45% probability from Nr.1, Nr 3 has 55% probability from Nr. 1. Nr. 3 has 75% probability from Nr. 2, with 25% probability of a...
Possible XABCD movement for tomorrow (staying in range).
New Zealand Idea , I was thinking about waiting for weekly close and then decide whether to enter short or long !
I'm thinking about getting short a bit higher. Maybe I want to trade for Weekly close lower. I wait to see price action around this exact level , Daily Support and see what's going on in there. Then if I see Rally or something like that plus rejection of it's highs , I will get in short. Guys , you need to know that you cannot write your strategy down , it's...
It's already trending higher . If risk is not good , pass the trade , do not try to fit anywhere. I don't know what will happen , I just observe what is happening right now. Market can crash 1000 pips anytime , so don't try to predict. If you bias is no longer valid , get out of a trade or just stay away for extra confirmation. It's better to miss a trade than to...
Aussie is amazing these days , It shows very nice trading opportunities. A lot of people are trapped here however. No reason to sell this pair for now. It can be sold only higher. We are on Major levels which show us strength. I currenthly anticipate higher prices next month . I'm waiting for more confirmation from Monthly close , If needed I will wait for Weekly...
Strong trendine broken , 2 times Test , Continuation higher making NEW HIGHS , forming something line Inverted Head&Shoulder , wave analysis can be put into consideration here too , a lot of opportunities around Alcoa are anticipated. I'm flat , out of this market for now , Thinking and Observing Price Action , Do the same , Do Not trade , stay and observe , watch...
Probability for short . I want to see weekly close however. These days market is so indecisive. Most of the trades are stopped by Spikes , better to stay out. It's possible for USD/CAD to go down , up as well.
The Yellow cross over the blue line indicates a Trade. Buy order when the yellow line cross above the blue line. Sell order when the Yellow line Cross below the blue line. The Red Line is the Major Base Indicator for Trend Line.
Around very very important level. From this moment price can move higher/lower/sideways. A lof of indecision however I will watch for more bearish signs before entering.