Friday's session started relatively innocent. As per our expectations, Dax descended to hit our support zone of 11 759 and closed the gap. We also saw buyers attempting to regain control before the storm hit the markets. News had it that China retaliated on the US import taxes and to no surprise, Trump's swift reaction on Twitter caused even more havoc when he...
Finally broke out of the descending channel to test the bottom of the cloud. Turned the 50EMA into support. Will be setting an alert for when this breaks above the cloud for a LONG signal. Other indicators turning bullish, however I would like to see a positive "0-line" cross for confirmation after the cloud cross. Æ:dge Capital Top Technical...
So we seen price breakout the low and then give us a retest at 0.69730 area on the 15min and failed to break back up above it meaning to me that price should still continue further down to previous market low @0.69200 and i have my stop loss at previous market WICK high which is at 0.69910 meaning my ratio is a is a 7:1 i will keep posting simplicit trades as...
Yesterday's session was fully dominated by bulls. They managed to grab the momentum taking Dax slightly above the resistance level of 12 330 that we highlighted yesterday. This zone functioned with a slight delay as the price corrected shortly after. The session was closed in black numbers priced 12 293. Important zones Resistance: 12 380 Support: 12 234, 12...
Had a nice rally during the week, imminent shorts as we approached daily highs. if previous higher highs hold we will be looking to re enter and long this market.
By implication all candles keep respecting the trendline. I strongly believe this market will go down pretty much by end of this month!! Stay with and lets trade it!
S&P 500, Monthly chart: Overbought & Triple divergence on RSI(14)
looking at the pattern that recently formed on WTICOUSD I believe we will be correcting upwards for at least $57,44. This isn't much as a trade set up but a hint of what's to come with correlating pairs, such as USDCAD.
I saw a chart of someone going long on this pair, of course, this isn't a blind copy paste, I identified my own patterns and entry reasons. I'm looking for a complete reversal of the trend that began in early may to at least 50% of the original trend. Risk TP.1 1:1 TP.2 3:1 set up: identified pattern after the 2-month trend and now crossing above the 200 EMA
This chart was brought to my attention via a post on facebook, and generally speaking, I don't trade from what I see others post, however, I recognized my trade set up forming so I chose to enter. Risk TP1- 1.6:1 TP2- 2.5:1 set up: second push down
After a bull run that lasted 2 months, now may be the time for a correction or a reversal. although I am having conflicting thoughts about this trade. if price goes in my projected direction that would mean a strengthening of the Pound over the Euro which I don't see likely amits this whole Brexit situation. Would be interesting to see how this plays out for the...
If you follow some expert traders here or on twitter. A lot of them thinks if it cracks the 8700 resistance, then we are definitely mooning. If it falls to 8200 then we will see a retest of 7800. If you are a cautious bull, you will wait for the 8700 confirmation before opening a position. If you are a cautious bear, you'd wait for the 8200 confirmation. It is...
although this trade would go against my long term set up on Cad but following the second push price pattern it looks like we well head downwards. Risk: TP.1 - 1,3:1 TP.2 - 2+:1 set up: second push down but I would ideally like to see a break of the trendline.
looking at my analysis from last week price behaved just as predicted. now we see an ascending triangle forming this could either we an ending diagonal to form a Z-LEG on the higher degree or price breaks out and make it to the rearest support level.
This is my long term view on EURGBP, not much to be said. I believe price is on its last leg (V) of the impulse and will fall within the range of .95 - .98.
after this short uptrend on the eurgbp we are getting divergence on the macd. but this isn't our signal, ideally, we want the macd to prove itself and let price drop. if that happens ill expect price to try and retest the high and upon failure that would be our entry. if price keeps rising, or drops briefly and rises back up and break the high either way trade...
Hello everyone! I have a fresh, juicy idea straight from the trees, its even greater than all my previous posts put together, and I mean it. However, I agree its tiresome to read, and I don't want every post to be like this, but this one is an exception because I have something really important to say. As you know I have a habit of writing very long posts, I have...