Hello Traders!
Here I see a swing high has recently been broken.
This to me is perceived as bullish "momentum". I would expect to see price rally and break highs.
The next phase the market normally gives is a higher swing low if the trend is going higher.
Commercials are going to be buying in down closed days fooling retail traders to sell.
Eventually the...
When looking at OMU using the 15min, 4H and 1D charts you can tell that when it broke its resistance it meant business. Tradingview has many analysis that carefully point this out. We want to look at the W chart. Yup! The chart where one candle is an entire week. That one!
Since we are all about grand perspective, we'll be following this over time and using it...
NED remains stubborn in its refusal to cross below 12069, leaving us wondering if we can get the contact details of the praying granmother that is holding this shareprice up. What do you think?
Like a lot of the market, MRF took some hits but lately it has been inching up. Is the market looking to help it back to its former glory around 95?
We'll be watching this one if not for anything other than learning about this "new market normal".
I am sure most people are looking up but is it really that bad to look down?? I think that this is a possibility as un-fashionable as it maybe to many right now, but hey in many circles in 2017 it wasn't for many too. Hind sights 2020 and 2017 was fun until it wasn't for a lot of traders and now some may see 2020 as a second chance to look at the past to predict ...
-- Although its about to hit tp
I wanted to point out this notion:
--> Consistently gaining a set amount of pips versus the vigorous psychological stampede of trying to hit Jackpot every trade was a humbling lesson from my experience!
--> 10 - 30 pips can go an absolutely long way when you know how to use it.
Don't get me wrong, I want that beautiful swing...
My teacher advised the beginner class to not trade today since it would be our first non-farming payroll release. However the number didn’t meet expectations but they weren’t too bad.
I have been watching the DXY since 9 a.m. and there has been much indecision since the numbers came out. I don’t usually trade DXY but from my observations it appears that there...
