In the screencast, I explore the main timeframes and show my reasoning for shorting. (Not a recommendation or advice for anyone else to short).
Hi, friends. The price is in the balance with the range 604-660. As long as the price is in the balance, we trade only from it borders. Otherwise, the stop loss will be your friend. If this balance goes up, with a high probability the price will breakout 700. First target - 710.8. If this balance goes down the price will fall to the support levels 575. This level...
Trade with >70% probability: BUY close@ 1,2270 Risk: - 44 pips Profit: +46 pips Profit/ Risck Ratio: +104,5% Theoric Probability: >70% Actual Probability: + 93,3% Total Gain: +451pips
I posted BTC ideia 11days ago whit this "Good entry its SMA 200 (6.2k - 6.5k) " "short and mid Targets (resistances) T1 - 8.5k T2 - 10k T3 - 11k T4 - 12.7k " Ok rick, but what happened? BTC made a good reversal from that point, its already 80% up from that level and hit target 1,2,3! now we are waiting to another decision, we are trying to break BIG...
Not a fundamental analysis trader but possible rising oil prices wil push USDCAD eventually but the possible rate hike wil first spike things up a little if that make any sense?
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im...
Taking a recent swing low and swing high, the risk reward tool can measure potential profit to risk when stopped out and give the reward to risk ratio. Moving the mouse over the shaded area, here we see we can potentially make 375% while risking only 32.14% or in other words the ratio is 11.67, which is excellent. Any time one can use this tool to find a trade...