New Signal Short, Sell Stoploss: 1.76850 Target: Open Entry: 1.76474 RIsk: 0.5% October 16th 11:18 am CST EUR/NZD Signal Update Closed 50% at +100 pips
Seeing no reason to take any profit off of the table with the trade. The pin bar (2nd previous candle) was the ideal exit, however I assume those in the U.S. we're asleep. The previous candle printed a perfect hammer candle stick, the opposite to the inverted hammer the candle before. This can be helpful with the assumption that these candle patterns will continue...
What is an Ascending Triangle? An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur...
Although fundamentally speaking, shorting gold isn't our bias longterm. However, it appears there are a number of confluences statistically in favor for this metal. What's your thoughts?
In the example below, you can observe that on the lower boundary of the wedge , the peaks become slightly higher each time it comes down to the line. This has the effect of ensuring that none of the trades that are taken short in these regions can turn a profit. Similarly, on the upper boundary of the wedge , the same thing is happening with each of the peaks...
+44 pips, we're around 1/3rd of the way to our upside target of 1.00266 (+114 pips). We've reduced our position accordingly, closing 33% in profit.
Example of Institutional Demand
Example of Institutional Supply
New Signal EUR/USD Sell, Short Entry: 1.0999 Stop-loss: 1.10250 (-26 pips) Target: Open This is a risky trade. Short interest is up 32% today alone for Euro sell positions. I feel from backtesting that 1.1 is a strong enough price for supply to suppress volume, making the overall bias as bearish. We're joined by a lot of other retail traders in taking this...
very good buy with 5% stop buy ": small position at cp (380) good stop loss : 5% target : 5 to 30 % open
buy : 50 51 sl : 7% target : 54 , 60 open
Looking For Gold Shorts around 1520 area. "There must be buyers, in order for there to be sellers"... so with that in mind, I am factoring in the fact that Gold dropped 300 pips yesterday. AS OF TODAY, Gold had seen price wick down toward 1500 before USD News release came out today before making a small rally. Tomorrow, we will have more News release however...