While the dollar is resting I've been looking at opportunities elsewhere and no place better than GBP. Today's UK GDP has come in at 1.2% down from 1.8% last time. Given that the UK is preparing for a No deal Brexit and the EU are refusing to re enter negotiations I can only see down side for the Pound. Naturally we have to find suitable currencies to trade...
Looks like a snow day in the markets. After the excitement of this last week we seem to in a holding pattern. None this less don't take you eye of the charts as the next big move could come a the drop of a Tweet.
On the higher time frame I'm
SHORT USD, GBP, NZD, Oil, All stock markets
This is not investment advice
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Happy independence Day to our friend in the USA. The markets should be quiet today but none the less we are seeing some movement on NZD. Still long on safe havens and short dollar and GBP
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Links below for more information & updates
This is not investment advice
Steve Nixon
logicfxtrading
USDJPY: BEARISH TP: Intra to 107.6 - 100 Pips #Forex #FxProNow
Point A LH: 109.9 Bearish Wick
Point B LL: 107.9 Bearish Wick
Point C Entry: 108.1 - Did not catch the right entry; I believed that price did not pull back far enough. Mostly because I thought the last LH at 109.7 was not a true lower high. Being the fact that price has close past the last level of...
I'm anticipating upward pressure to continue till possibly April 8, 2019 before exhaustion on this upward move. Which means we revert to downward pressure for a while afterwards. My followers who use the same indicators I use will appreciate what is shown with the indicators in the 12h TF. I wish I had time to go down to the 3h TF in this video. Unfortunately,...
Silver has formed a bearish pin bar setup. There is a bit to be desired in this setup, but I think it does set up an opportunity for price to break lower and retest the 14.80 region. In regards to the pin bar, the real body is sitting a little bit high with a little too much bottom wick. I think it weakens the pattern a bit, but it is a fake out none the less...
Nobody likes to hear about loss and losing - do they?
Well, the 4H time frame on CADJPY gives you just that opportunity. Always - loss has to be balanced against a robust analysis of where the trend is, and where the overall probability is.
You simply cannot make profits overall by not taking controlled losses, in this business.
This screencast is not advice...
Whilst a whole load of people are preoccupied with Bitcoin and Ethereum, there is something of a rumble happening in other parts of the cryptosphere.
A whole load of so-called altcoins have taken off on daily time frames. I show only a small handful that I follow but on big exchanges many 'unknowns' are moving well up north in daily trends.
I speculate that...
Good Morning TV!
First of all thank you so much for watching my videos and giving me support through the months. I do these analyses to ensure that you make better financial decisions with your money in the crypto market. None of this is investment advice but it is advice from someone who has been in the ebb and flow of markets for 11 years now. I come from the...
Ok we've had the big interest rate decision which was a damp squib none the less the dollar has strengthened and may be going long. As for the EURUSD it will do the opposite and break out short. Don't jump in wait for proper set ups.
Please remember to like and share.
Steve Nixon
Trainer & Mentor
Good day traders,
Today we have a fantabulous trade coming from none other than NANO. Definitely one of my favorite coins to trade. Feel free to review my last idea on NANO which did not hit the other day, but this one we'll likely catch for a very strong third wave.
Entry 7300
Stop 6950
Target 16500, start taking profits from 14K and up
R/R ratio: 1:26
If...
In this video, I review some evidence available to everybody. I spot some behaviour patterns of Bitcoin over the years.
The evidence to date is that it refuses to die - at each stage when people shouted "Crash!" or "Tulip!".
I'm not saying that Bitcoin will not die. That's none of my business as a trader. My business is to assess evidence, see patterns and...
