Hello all - DuncanForex here with some trading analysis
I thought I would post a tutorial about how I traded GBPUSD today.
I did enter aggressively expecting it to head higher.
The reasons for entering were as follows.
Sentiment view that a Brexit Deal was on the horizon.
GBPUSD and cycling higher nicely making higher highs and higher lows
I was looking to...
To help better understand how to use Fibonacci Spirals when trading, I have decided to dedicate a topic about them. My quest here, is to consistently generate predictions using Fibonacci Spirals. I have only recently started to see a pattern and once I found it, I could somewhat consistently reproduce the same results, that is... visually. I could not however...
Yesterday Fed Chair Jeremy Powell's speech was crucial to figure out longer term strategy on US currency. FOMC will cut interest rate more than it was expected. This policy will be the reason for lowering bonds purchasing power and which it self will push dollar lower. USD may fall gradually with major currencies during fourth quarter. Technically you can find...
I am learning how to use volume profile, in addition to learning how to run my analysis. For this particular pair USDJPY, I noticed where price did bounced off of. It acted as a support, and the low volume node bridge is an indicator that price was going to turn around and head back towards a point of control, as well as head towards a value area with higher value.
This is more about understanding volume profile more than anything else. I actually set this trade up based off of the candles to the left wicking low, and my entry was the break of those particular wicks. One thing that I found really interesting about where I put my entry at, was the fact that most of the other candles above had a magnitude of a particular...
I need your advice on this particular prediction.
Currently in a stage of learning/practicing Elliot Waves.
Therefore, do not copy me!
It's just an idea of mine.
However, everyone can share their own thoughts in the comment section below.
Also, don't forget to support me! :)
Even when I try to be a bear I think about how most bears just missed the boat and want to buy lower. Which makes me think that Bitcoin getting back to 20k is just a matter of time. Just going to continue using this volatility to learn and grow in mind and pocket until time reveals the truth ;)
This trade is not for traders.
Trading 1:1 is very risky and should not be used for a passive Trading strategy.
Not only it implies that more than 50% of your trades must be a success, but also making your gain to loss trades 1:1.
If you like gambling play luck of bad luck games, don't trade forex like this.
I make this trade a 0.01 volume, just for...
Welcome! Today we'll have a look at an interesting development in the S&P500, as well as look back at some past history making events.
First up, I'm not predicting anything. I'm not in the business of predictions because it's a fools errand. I trade what happens, and until something happens all of this is academic. However, I am in the business of making money,...
I would say the chart of BTC/USD clearly indicate the major support is around 9000, where the bull start a major rally after the slump in mid-March. The most crucial resistance is 11000$, because it's a triple technical confluence level.
1) it's the middle point of the slump this month
2) the rally afterward stops at 11000 , also a horizental resistance