Simple gold short, here is a free trade
So the best way to trade a new pair is just to jump into it with reasonable risk. Price is dropping but let's see what happens over the next few days. Should price show rejection, it'd be a good idea to go long.
Been trading the USOIL price drops in shorter timeframes yesterday and today (1h.) banking 10 and 20 pip moves, so I got my confirmation and I am beginning to open long put positions. Price targets for futures traders to serve as entry points (NOT option strikes prices, diff. strategy there :) are at 59,57,55, and a big monthly one at $51 (this is the one I'm...
Price has shown to go down drastically so I'm thinking there's probably resistance at 2900. Maybe it'll go above maybe not, who knows.
Will be looking at the same levels I have posted for yesterday as shown on chart in the ES they are adjusted up plus 4 aprox. I do not need to be anymore accurate than that, I play areas not specific numbers, even though they works out most of the time
WHEATUSD is just about to relax from high levels which were reached in the cold season. The retracement of the down move of the past few days has been just below the support turned resistance at around 5.69-5.70. When price retraces to this level and the resistance proves to be valid this is an entry point to follow the higher timeframe downtrend at least until...
As can be seen of the graphs, the ways of development for Silver, Gold and Bitcoin are incredibly alike. The only large difference is that BTC made it in 4 years, while for commodities it took 22 years. As yet Robert Kiyosaki declared - gold and silver are kind of a bubbles. The same can be told about BTC of course, regardless of fact that all three assets can be...
Entry was triggered around 58.80 and SL is set around 59.20. TP has yet to be determined but I do not expect support to hold should the trade go my way.
Orders are accumulating and I expect the price to keep moving up until it tells me otherwise. Ideally a break below the range with signs of reversal would trigger a long position.
Hey everyone, I managed to take a quick short scalp trade on the OANDA:SPX500USD for a 4.68% gain I will be posting both the screenshot from my broker's platform as well as the 5m chart below so that you can clearly see the levels laid out. (cannot post an idea below the 15m TF and my trade was taken on the 5m) Details: Entry @ 2734.1 Exit @ 2733.3 ...
Hey everyone, I managed to take a quick short scalp trade on the $EUR/USD for a 2.6% gain I will be posting both the screenshot from my broker's platform as well as the 5m chart below so that you can clearly see the levels laid out. (cannot post an idea below the 15m TF and my trade was taken on the 5m) Details: Entry @ 1.13190 Exit @ 1.13180 **NOTE THAT...
Hey everyone, I managed to take a quick a quick long scalp trade on the $NQ100 for a 4.6% gain I will be posting both the screenshot from my broker's platform as well as the 5m chart below so that you can clearly see the levels laid out. (cannot post an idea below the 15m TF and my trade was taken on the 5m) Details: Entry @ 7182.85 Exit @ 7180.80 **NOTE...
Resistance on the daily chart shows that 3 days ago price got rejected, by not only the horizontal resistance line but also the diagonal resistance that can be seeing clearly on the monthly chart, horizontal resistance on which was a really strong level of support and potential reversal for this chart right now. Stop loss should be above resistance and take...
Here is a cypher pattern I spotted today at Gold. Enjoy. As always, targets and stops at screen.
VFC D1: Resistance zone + Overbought RSI(14) + Shooting star/Pin bar.
Ferrari (RACE) D1: Downtrend like from textbook + Horizontal level + Overbought + Hidden Divergence on RSI(14).