Posting educational material, looking back at the trading from the past week. RR Setup Risk Management Confirmation Essential abillites you need to posess to becom a successfull trader. Visit my live channel for trading inbetween monday-friday during london and NY sessions twitch.tv/smokeintheeye88 - Give me a follow and youll get notification when im...
Open short at 46 with SL at 47.09 TP 1: 43.96 TP2: 41.9 TP3: 40.03 Good luck to me!
This pair hasn't been trending for a couple of weeks now and so we're in a nice consolidation zone. Once such a zone shows up, advanced pattern opportunities occur and here is one of them. Let's take a look at this bearish gartley setup: We're looking for a rally into the 1.6746 level to get short and hopefully get a pullback into our target points. This idea...
It will be great trade , it's early however. We are currently trading below Monthly Resistance and above Weekly Support. Price is between two very important levels , price can go up sharply , down as well. I will stay out for now and Will watch this currency pair with caution. My idea is , If we see Weekly Close above Monthly Resistance (1,64500) , we can see...
COUNTER TREND OPPORTUNITY PAIR: AUD/USD TIME-FRAME: 4HR TRADE: COUNTER TREND TRADE Hope everyone is having a good April for trading, we've have been doing extremely well in the live room with a lot of pattern wins on Gold and a lot of great setups thus far. IF = Price action reaches our PRZ THEN = Look for Bearish confirmation NOTE: These are...
I expect Euro & Chf to get stronger in coming days. And from R:R point of view this should be taken by experienced traders.
Prices are below KUMO Chico crossed its KUMO and just broke it + exhaustion on the last candle. Expect downside to at least 1.81300
...here we go, similar setup as in the EURUSD. P!
Even i have my long position setup on the Dayli, i would like to show you this setup. Price price produces a slanted coil (small one), washes out the stops above and below and finally resumes the main trend. Here we even have a nice support zone (green), where it is super nice to enter. I allways put my stop below the stop running spike, or on bigger scales even...
Prices did not hold double resistance (Tenkan Sen + Kijun Sen) today. They should now test the top of KUMO, which is very thin suggesting that a change of trend could be easily done. 1st target = Weekly TS (orange) 2nd target = Top of KUMO (red) 3rd target = Weekly KS (purple) Good luck
Yen long positions on the futures market are at record highs and historically any high risk event to the dollar supports the Yen as investors seek to protect themselves from uncertainty. Price rejecting the 50% fib level and an interesting candle formation lead to a reasonable conclusion that further downside gains are to be made this week. Poor US news will...
As it's a non farm week markets will historically trade sideways pending the release of Friday. The weekly close below the 61.80% fib indicates further downside gains with a rest of the 200EMA and 50% fib likely. At this point it's likely price will break or correct at the 50% fib level towards the 76.4% or 38.2% fib levels where it will likely consolidate until...
Quite a solid symmetrical triangle forming here and getting very close to the apex. Profit targets based on previous structure. (Zoom out to see lower target structure.) Trade a close outside the triangle.
Last friday price held well on KS. Since we've had three consecutive bullish candles, I expect a short retracement before going up again. We should probably test the top of the KUMO, corresponding to the 61.8% fib retracement.