Early attempt at risk/reward with target. Target met - need to be disciplined as overtime I check the chat I wanted to change the plan. Lesson learnt - trade with method rather than emotion!!!
Thanks everyone for the community. Please be gentle and if you feel my novice attempts are published too frequently just let me know I'll publish less.
I make the support at 0.524 and potential entry point around 0.537?
Any advice, criticism and corrections welcome!
(so noob that I haven't figured how to reply when someone comments on my chart)
Hi there,
Note that i'm not a professional, i'm here to learn and therefore feedback is much appreciated.
I've noticed two contracting triangles in the SCUSD chart. This in combination with the fact that the SCBTC chart is showing a massive cup&handle pattern makes me believe Siacoin is going to skyrocket soon.
Now i have to say i just started reading up on...
Hi there,
Note that i'm not a professional, im still learning Elliot waves so feedback is appreciated.
I think this is a single Zig zag correction. I've counted the waves and i can find an ABC pattern with 5-3-5 subwaves.
I was wondering if wave 5 of C could be higher than wave 4 of C in this type of correction? Are there any experienced Elliot wave analysts...
Correct me if i'm wrong, i'm still learning elliot waves and would like to learn more. So feedback is appreciated.
I believe the abcde correction on btc -1.07% is almost over. If this happens we will probably see it bounce back.
The head and shoulder formations shown by the pink lines all point towards the same bottom line. Around 10179,-
This is also where...
I've been looking for a short opportunity on the 12hr and 8hr charts since price action has been so bearish on aud/usd and there were a couple of triggers lining up that motivated me to enter a position. Main one being the daily chart above
bearish trend
price has pushed back up to support/resistance area
12hr chart showing indecision candle
...
This is a study of AUD/USD price action from a novice forex trader's perspective just shy of 2 years live fx trading
The aim of this study is for me to get better at the following:
identifying "key" support and resistance levels
identify good trade setups based off of my analysis of these support and resistance levels
better understand the currency pair's...
Price started off 2016 with a strong bullish trend capping off with a high at 0.78340 , and lost momentum
Potential Long setup, if price reverses and bounces off of support at ~ 0.723257 levels with tight stop loss and good risk reward ratio 1:2.5 or better. Price may also slice through this level and drop down to ~ 0.71830 levels
I would be looking for...
