Sell GBPJPY (educational) "kalbotical retracement confluence 1" 1. Up Trend line broken 2. down Trend line formed 3. second leg has a strongest momentum so possible third leg for some kind of 1-2-3-4-5 structure ) You can catch momentu e.g with Squeeze Momentum Indicator 4. Look left for S/R zone 5 perfect Fib level - .618 6. Kalbot RSI ...
............................ News Week Ahead ............................. Alert For every Trades News Week a head So Trade with Technical but not forget to focus on news too. on Monday we have ECB President Draghi Speaks On Tuesday we have BOC Gov Poloz Speaks US Prelim GDP q/q and US CB Consumer Confidence On Wenesday We have RBNZ Financial Stability...
Range we are Expecting Gold 1240-1328 Silver 16.5-19.5 oil 42-46 usdjpy 102.5-107 Eurusd 1.0900-1.1160 Gbpusd 1.22-1.25 Usd Index 96.5-100 Advice: Stay Away from market if Trade must use small lot with SL or wait for entry on near Range given
A little Reviews about USA Election 2016 If we see till now Race tightens, but Clinton still leads Trump by 4%, new poll finds. But still 2 days more to go for final result. What will happen if Clinton Won or What will happen if Trump won? Ans: If we see overall in any country election who Ever Wins Stocks of that country and Currency Welcome new President. So...
What 10 Major Banks Are Expecting NFP Data Today? Answer is here Goldman Sachs: 185K Bofa Merrill: 170K Barclays : 175K SEB : 190K UBS: 175K CreditAgricole: 185K Bnpp: 180K Cibc 160K MorganStanley: 205K Nomura : 170K So Average Number :- Non Farm Payrolls 179.5 We are Expecting 185-195 Seems Good For usd Range seems Eurusd 1.0950-1.1160 Usdjpy 102.4-105 Gold...
There is a potential bullish Gartley pattern on the UsdJpy that is setting up. This Gartley will complete @ 102.976. I just put out a video breaking down this potential trade setup, along with a structure trade that I entered into last night on the NzdUsd. As for the Gartley, minimum stops need to be below the X-Leg at 102.809 and targets are at the 38.2 (103.598)...
Daily Bearish Gartley Price closed above the Daily Support @96.48 overall trend still uptrend due to higher highs and higher lows being created
I just put out my "Weekly Forex Preview" video. In this weeks video, I go over a few different currency pairs, that have potential advanced patterns setting up on them, like the EurUsd. On the chart here, we have two potential patterns. First we have a very deep completing "Gartley" pattern. This pattern will complete @1.1056. Now I personally use a 1 ATR based...
We have big events Today From UK and USA Side. UK MPC Official Bank Rate Votes UK Monetary Policy Summary UK Official Bank Rate @ 4.00 PM USA Core Retail Sales m/m USA PPI m/m USA Philly Fed Manufacturing Index USA Retail Sales m/m USA Unemployment Claims USA Current Account @ 5.30 PM Timing As per PST 5+GMT We are Expecting Weak GBP where Strong USD For more...
Why everybody is doing the same thing? When Mr. John Bogle floated the idea of passive investment in indices, it was a novelty. But now after couple of decades in existence and raft of index linked funds, it is common. And when something becomes too common and ubiquitous in trading, history says it is about to become dangerous. Much touted SIP ( Systematic...
To Earn From Equities - Innovation Is Needed Savvy investors always think about 'what if' scenarios. Thinking about Plan B or Plan C and making appropriate risk adjustments in the strategy is what separates wheat from chaff. Being attached to the reality and understanding the truth that nothing lasts forever under the sun is much needed to accumulate long term...
My first successful trading strategy was a simple trend continuation strategy. Wait for a pullback after a new structure high or low, then enter when price has entered into the potential reversal zone. Its a great example of how "simplicity is the ultimate sophistication." Here you have excellent risk to reward, and (according to my back testing) a setup that has...
For anyone interested i will be live streaming my trading on my you tube page beginning at 8am est. On the Chart, you have two potential advanced patterns on the GbpUsd. The first is a cypher pattern that will complete at 1.31070. Now cypher patterns are usually a trade off when you get on the lower time frames. They have a >70% win rate, but they sometimes have...
I just put out a weekly preview on my you tube page. In the video I cover a few pairs and breakdown how you can potentially take advantage of the market (particularly dollar pairs) both bullish and bearish. Here on the UsdCad we have a nice kill zone between 1.3020 - 1.3067. You have fib confluence, potential AB=CD completion along with a Gartley pattern. Now I...
There is a potential bearish bat pattern on the usdjpy that will complete at 100.99. I also just put out a video on my you tube page that breaks down 4+ more currency pairs. The video has advanced patterns, trend trading etc. Here is the link if you would like to check it out. Good luck and good trading.
I just put out a video on my you tube channel breaking down a trade that I entered on the NZDUSD yesterday. I entered yesterday on the recent double top that was just put in, but if you missed it I show how you can use a 2618 for entry. That way you can get involved and still look for a bigger move to the downside. Check out the video, and if you like it please...
There is a potential Bearish cypher pattern that is going to potentially complete at 1.31282. There are a couple of options that you have for taking targets with this setup. Since the gbpusd has just broken structure to the downside, we are in a bearish trend on the 1 hour time frame. So you can take the traditional target 1 and 2 at the 38.2 and 61.8 fib...
This trade depends on how the market opens. I made this analysis this weekend :-) Link to video: traderholic.com