Could be worth it... 50 pips risk. But this is a very risky trade. Euro is mega-bullish on weekly and daily.
I'm aiming for a bigger rally for AUDUSD. All trade are risky but in this one, I should have entered on the previous candle (4H) instead of this one. I already missed some pips and have to widen my SL. However as it is for gathering more data for my strategy I still have open this one. I wouldn't recommend it! Charts a pretty self explanatory on both timeframe and...
As with NGAS and commodities in general, I'm pretty biased with GOLD. My strong belief is that GOLD should way higher considering the state of economical in developped country. However our system manages to keep it down and injecting more and more "false" money. As long as we believe in this monkey money, everything will be under control and GOLD could mess around...
Same as USDJPY, it seems to go down on 4H, right at RSI50 but touching lower band of PAC. On daily the correction seems to flatten a bit so I have to be cautious not to keep this trade for too long.
TDI looking good on 4H, under RSI50 but still inside PAC. Daily could indicate a reversal but it's clearly not a given! I'm trying shorter trade that I keep on revisiting every 4H.
After closing previous trade @BE because of this reversal. I intend to catch a few pips on this SHORT trade. Let's see how it goes in the next 4/8 hours.
I try something new for refining my strategy. It's a short term trade, meaning if in a few candles (3-7) it's not behaving as planned, I will close it quicjly. My goal is for CADJPY to touch again the recent high on 4H TF. TDI is moving nicely and have still some room to continue higher. Daily TF is against my idea that's why I'm keeping this trade very short...
I'm quite biased on NGAS by a bullish point of view. So when I see some breakup on daily timeframe I jump on the train! Normally, seeing at the 4H chart, trader should wait for pullback before entering long. But from experience, NGAS does not like to wait so if bullish trend there is, it's usually very sharp. From a technical pov, the daily chart is near perfect...
I missed this entry earlier this week because of small SL, but here we have another shot at this pair based on my strategy. On daily, apart from TDI breaking, we don't meet others requirements : RSI is very high and PAC is not broken. But on 4H timeframe, these requirements are met. So I'm aiming for some fib retracement for the following days.
This trade can be treated as a risky combo trade. I will follow closely the 4H TDI because, there is a big risk that EURAUD continue to go higher. That's why the SL on 4H is quite small. The daily chart is here for follow-up purpose in case this pair go down. However, if there is bearish continuation it should be quick and my opinion is that it's worth the...
EURGBP broke the PAC and TDI so we could expect more bearish movement in daily TF. 4H is already very low so I entered this trade with a large SL in order to prevent early stop. This trade triggers nearly all my rules : - RSI<50 - Breaking PAC - Breaking TDI - Below MA
This is an interesting setup. On 4H TF, we have a strong break of TDI and PAC with RSI being still over 50. On daily we are still in a strong bullish movement but with some divergence, that should indicate at least a pullback if not a reversal. As usual I target a fib retracement and will update depending on TDI movement.
Silver is showing interesting behavior on both TF. On 4H, we have a clear break of TDI and PAC and daily could show a break of TDI today or tomorrow. We are way oversold on this commodity, so we could expect a healthy pullback to occur. This trade could switch from 4H target to daily target depending on PA.
I took this trade because of following bullish signals : - on daily timeframe, we see a clear cross of TDI and catch-up on the PAC (usually follow up by a run up to the high of BB). However, we are way below RSI 50 so this LONG is aiming for the pull back not a reversal. - on 4H timeframe, we see also a clear cross of TDI and this time very close to break the PAC....
Since beginning of week, EUR has shown strong bearish behavior. Is it a correction before coming back up or continuation of monthly downtrend, that is the question... Daily TF shows a break of TDI but still inside PAC. Also 4H TF have not much room left to the downside, so next candles should be green, hopefully few of them. Anyway I took this trade with a large...
A long trade in the making, maybe taken too early. To maximise success, big SL and big TP around previous RS turned support now. 4H PA should see a rise in price but as I don't want to miss such a drop I have taken the trade earlier based on TDI. However reversal is not yet confirmed, as we stand still above RSI 80 showing crazy bullish potential. Let's see EOW...
This one could have been catched earlier using 4H TDI strategy, however I didn't saw it. So we get a large SL in order to be sure (as much as we can be sure in the market) to catch the upcoming LONG move. This sharp rise in TDI should be a confirmation of what's coming.
GBPCAD seems to be topping on daily chart and is showing bearish breakdown on 4H : RSI below 50 and PA breaking PAC to the downside. I risk a small trade here and plan, in case this works, to add at the end of the day if confirmed. I'll be monitoring this one closely.