Today is a interesting day that both AUDUSD and USDJPY broke the inside day @ NFP earlier in Asia session.
Despite not having very strong momentum by the time it broke, an intra-day AUDJPY short still interests me!
So here we got this 4hr supply zone short trade, kinda a low risk trade with the out @ the inside day high.
Let's see how it goes yo!
XAUUSD has an inside month in November. Basically the direction it breaks will pretty much influence how it closes in 2018.
While, there are still many intraday trade opportunities!
Here we got this inside hour after a significant structure breakout to turn bullish, so here are the plans:
1. take the inside hour breakout long
2. wait for the pullback long off ...
Trading Doji candlestick as a stand-alone trigger signal is a bad idea. Price usually whipsaws around doji.
Note #1: In technical analysis, the Doji candle is a neutral pattern if it’s used as a stand-alone candlestick.
However, if the Doji candle it’s used in conjunction with the preceding price, we can establish a bullish or bearish bias.
A whipsaw pattern ...
DJIA is headed lower tracking investors rotation from stocks into 10yr T-bonds. I am seeing the index breaking down towards 22-21k.
Oil has already shed considerably and metals are trading lower too which effects Dow Jones Industrial sectors.
Technically we breached a weekly Insidebar to the downside and traded back which gives us an opportunity to get back into ...
BTCUSD had a inside day after new pivot low, which is a no-brainer short if its able to break to the downside!
Aline with the perspective in my last BTCUSD idea, the weekly bullish bat would be around 2800-3000.
Even if it's clearly that there aren't so much room for this inside day breakdown, to take on a momentum train is still one of my favorite trade!
Today an inside bar is forming within the trendchannel. A further short trade should be possible.
Take trade at the end of the day (NY closure)
SL @previous structure high
TP see trend channel or next resistance
(BGM: Yesterday once more)
This pair is a very good vehicle for carry trade, but in terms of carry trade, of course we still need stop loss and appropriate profit taking.
"Every trade should have an entry and an out"
If carry trade works, we can earn interest at the same time; if it fails, the interests could recover some of the risk.
That's totally different ...
Reason to Buy
1) Long-term downtrend-line has been broken with a strong breakout candle = uptrend
2) Strong rejection from 1212 support = engulfing candle
Two possible entries
1) Buy from near-term support
2) Inside Bar + strong breakout + pullback (Inside bar formed below resistance)
When the stock markets encounter larger fluctuation, people deposit their cash from the high-risk stocks;
at the same time, if there is not really a financial crisis yet, still there will be some re-investment risk,
that's when stocks like PG and MCD start to be the major focus!
Here we got the daily shooter after its Earning report, a good long if it breaks to ...