BRENT CRUDE: UKOIL Have closed out the long position finally as Brent touched the upper parallel. It's the fourth strike and should come back from here. Closed at 64.33 for 1833 pips profit on a trade that carried 30 pips of risk from the outset, taking under 6 weeks to achieve. Best win of year (apart from Bitcoin, obviously) Wondering about shorting here,...
Bitcoin Update Don't want this to turn over here now before China opens but it could do without some buying power from 7460 level to hold it up and then propel it through to a new high. Want to protect gains by raising stop to just under 7450 on at least half the position, if not all, according to risk profile. Ideally it will trade sideways between high and...
EURUSD It's plain to see that this this pattern is still one of continuation and eventually EUR should break the lower parallel containing this week's minor corrective up-wave and come much lower still...so am not looking to buy dips, more to sell the EUR rallies back to the upper parallel, looking for much lower values once the parallel gives way... Whilst...
IBEX Index: IBEX 35 Going well so far after breaking above 10460-10470 overhead supply. Minor resistance at 10600 but it shouldn't come back much below 10550 now (stops under here by 20 pips or so) so giving another chance to get long here with a small loss if wrong. It should rally to 10761 once 10600 is broken through, consolidate a little there and then...
UKOIL: Crude Oil Brent Update With WTI pushing up against clear resistance and Brent's latest 350 pip spurt looking in need of consolidation am raising the stop here to just under 60 to lock in $14 of profit from the 46 entry level in late June. If Brent falls below 60 it should come back to 59.18 at least, and more likely to 58 before rallying again off the...
GBPUSD Tuesday Update Sterling has rallied to the centre of the near term upside target which was 10 pips either side of 1.327 after an intraday high in London at 1.3222 for a 140 pip win. Longs should have been closed out and the entire position reversed into EUR shorts with stops just 15 pips above today's high for a small loss if wrong, as per comment below.
Gold: XAUUSD Dollar weakness Monday has helped Gold to rally some. It should ideally rally a little further early Tuesday to 1281-1283 sell zone as DXY comes back to around 94 and then begins to rally strongly. Looking to short gold at 1281-1283 range if struck, with a stop above 1284, looking for a 20 point decline back to 1263-1260 at least if right and 3...
EUR/USD Update for week 30.10.17 A perfect test of the upper parallel shown on last week's chart created a fine entry point for Dollar longs on Thursday before the Euro flew 278 pips lower creating a big bull-engulfing red candle on the daily chart and busting below the neckline of the head and shoulders top formation (shown on last week's chart) on Friday....
USDJPY after the quick movements from bottom edge of range to top edge, backed to bottom edge and again moved upward to top, finally went upper but it stopped at last local high appointed in 6 october 2017. Price has backed from this level to the range. We are expecting that price could back to the bottom of range so we have opened short inside the range. Target...
price is completing a two stage correction into redzone above look to enter short for expectation of test of lows and NSL Price can only tell us everything it knows about source. Source based analysis.
Pair was stretched away higher from the ma's and fell back to them and then passed through both. Now it is on it's way to the 800 sma. Watch for a retrace on the 15m chart for an entry point. A measured TP can be the distance above the ma's will equal the distance below the ma's. First TP is the measure TP @ 1.1814 and the second TP is the 800 sma @ 1.1746 but my...
Arbitrage Band and novice band rsi lines are topped out. It has to have a mean reversion into the center of our novice band which is the bright blue line.
**good fundamentals** **rounded bottom forming** **first coin to be added to poloniex in quite some time** **Consolidation period of 2 weeks after market cycle** **hyped and highly requested **
BUY/SELL BLIND WEAR DIAMONDS
Risk of capital : 2% Action: Sell at 0.7374 T1: 0.7323 ---- T2: 0.7268 ------ S.L: 0.7412 For more details about the trade and all Stats since start of journey (May 11) goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance on a single trade. And If you are a...
Action: Buy limit at 0.9660 T1: 0.9749 ------ S.L: 0.9615 If we reach above 0.9710 before triggering entry the trade will be cancelled. Unless I stat otherwise in updates. This Trade will have Risk of capital of 2% For more details about the trade and all Stats since start of journey (May 11) goo.gl Disclaimer: This is my trading experience, it is not...