SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Possibility shorting selling USD/JPY
FX:USDJPY weekly Prediction
Chart time frame - H4
Timeframe - 1-2 weeks
Actions on -
A – Activating Event
USD will see another bull run this week.
B – Beliefs
Market will be rejected at @114.5 level and move south towards the 113.5 level. This will be a...
I put a short order here now on Savius signal that the bullish is about to turn (both on 60' and 15' charts)
Notice how similar the chart is to 2 days ago.
Price also touched the POC of 2695 from 2 days ago.
I am keeping a tight 10 ticks Stop Loss because I'm sure the price will try to push up to 2700 and 2704 (prices from S&P December, this SPX chart prices are...
Only for the brave.
Should double-top first. Just an Idea. Not a trade recommendation...extremely risky as this could fly to 50$. Tight stop (set and forget).
Quick counter-trend attempt in EURAUD to hedge my short AUD positions as well. Shorted this pair with tight SL near last Friday's high and TP at -61.8 old fib level (but most likely will move my SL or manually close if price indeed drops as expected then suddenly start to show reversal at 0 fib level (yellow marker).
Daily:
Weekly:
Confidence: C (because...
Following Thursday’s moderate retracement, the sky has been the limit for October WTI crude oil futures. Since the traditional New York pit open at 9:00 AM EST, prices have risen more than $.50.
The Trade
Counter-trend scalps beneath $70.00 are likely to produce positive price action. Sells from $69.92 with an initial stop at $70.01 produce 5-8 quick...
here is a AB=CD pattern that has bullish sentiment. the "C" point is a 786 retracement of the AB. so as outlined in Scott Carney's book Harmonic Trading VOL 1 the 786 uses a BC projection of the 1.27, and the pattern completes the ABC extension beautifully with maybe a pip or less under the BC projection. Because this is a counter trend trade I am aiming for only ...
Hey traders! I wanted to spend a few minutes walking you through my broad stroke analysis on the EURUSD and what trading opportunities I'll be watching for the week ahead.
Akil
WEEKLY RES HOLDS FIRM AT .7575 AS WE TRADE UNDER THIS LEVEL FOR MORE THAN A WEEK STRAIGHT!!
* Counter Trendline Break
*Daily Rejection
*200 MA holds as another level of rejection
*Daily 38.2 Fib level holds firm
This is more than enough indication that another bear leg is on the way!!
Can we see .7300???
I'm looking for a counter trend trade on this.
PIVX broke and hold above the 0.0005 level.
There are many times that push the price back down and leaved wicks and showed the strength of Seller but the Buyer keep pushing higher high and lower low (Also means Buyer's strength).
Hi guys,
today I want to show you how I trade countertrend, piecing multiple timeframes together. Keep in mind though, that generally speaking the sentence 'the trend is your friend' is always true.
However when it comes to specific timeframes one can make use of particular price movements. Such as in this case.
As you can see the EURUSD recently had a strong...
Counter trend trades should fall in one of the two cases:
-> a quick and fast trade against the primary trend, expecting a pull back from the extremes.
-> reversal points
With that in mind, make sure you apply proper money management.
Counter trend trades should fall in one of the two cases:
-> a quick and fast trade against the primary trend, expecting a pull back from the extremes.
-> reversal points
With that in mind, make sure you apply proper money management.
