USDJPY is up to its same old tricks. The USDJPY like to consolidate tightly for periods of time then explode out of the range. This Breakout/Breakdown opportunity is setting up on the 240min chart. It's just a simple Balance Area. These Balance Area's are where "smart money" is either Accumulating or Distributing positions, we never really know what they are doing...
The price is approaching with a strong momentum to the lowest Supply Level. It is a risky level for a Sell. But taking in consideration that it is also in correspondence of the head of the last large swings, I could chose to risk a trade there, considering also that the main trend in the higher time frame is bearish. Target in the Demand Level, so as it visible...
I am writing a blog post to give more details to the attenders of my last Private Webinar on http://profiting.me, to explain how to identify the main trend and take advantage from it. To make this I just used CHFJPY as example. This image explain very well the importance to have clear the main trend and what is prevailing in the market. In this scenario the...
Oil currently is its last stages of the decline that started in the summer of 2013 and it will place a bottom within the next few weeks. It is declining now in Minute wave v "which will be a 3-wave decline" where Minute waves i, ii, iii, iv and v represent the ending diagonal wave 5 of wave (5). We are expecting wave v to over-shoot to the downside of the ending...
This is probably the best trade set-up of the day for me in terms structure. The market has come back to test a trend line resistance now turned support and at the same time completing a bullish cypher where there is a lot of structure looking left. The Risk:Reward ratio is more than 1:1 so let's hope for a winner. www.youtube.com tradewithme.co.uk
GBPJPY is definitely in up trend and it is rising for a long time now. In this trading scenario, buy more to any bounce back on a fresh demand Level. I had a trade in the last weeks and I closed it getting over 500 pips. But of course there were other opportunities to buy more. The Demand level drawn in the monthly chart gave a relevant strength to the...
The Price tested the Supply Level and Now it could bounce back. My trading plan is in favor of a rising up when the bounce will be exhausted. according with the trading plan I am looking for buy opportunities. But this is only a potential scenario. I don't exclude that the price can have a different behavior. This is a risky trading plan and a risky trading...
The Supply Level on USDCHF shows its own weakness. So, watching the Chart, in the third test of the Supply level the price moved higher going out of the old used Supply level. It marked a new and larger Supply Level absorbing the old one on the monthly time frame. If you missed my last Webinar, go here Definitely the Demand willing is dominating the Price...
NAS100 is on a fresh supply level. it is a good level for a sell entry. But considering that the index is in up trend for years and any bounce back defines later a new high, what would you do? What will be the confirmation for a sell trade? I keep the focus on the pattern marked in the chart. It is relevant to understand how to act. What do you think? Thank...
GBPJPY is continuing the rising up. I have already closed a trade with +505 pips here. The demand willing is predominant and the price has already retested the demand level. By the way, the closer supply level is weak. The expectation is to see the price over 193 in some weeks, following the trading plan visible on chart. What do you think? Thank you girolamoaloe.com
USOIL, waiting to see if there will be a new rally in the short term (scenario 1) or if the price will drop again to the lower demand (scenario 2). The monthly chart shows the tendency to follow the bullish behavior. Let see. The chart shows the potential trading plans. What do you think? Thank you girolamoaloe.com
GBPAUD, on monthly, weekly and daily the trend is bullish on demands. Following the trading plan, have an order ready to be executed when the price retraces back on demands is a good idea in this scenario. What do you think? Thank you girolamoaloe.com
According with my old Trading Plan for GBPUSD, I have marked some potential entry points for sell trades. Or course it is not a good idea use all of them. Considering the general bearish trend visible in the weekly chart and also the supply levels on weekly and chart I can considering to risk a small trade to the lower entry point. But for a better opportunity I...
I am uncertain to buy at 1.0745. I see that the reward is not so good, considering that the risk to see the demand taken out is enough high. I marked some potential buy entry points, according with the Trading Plan. The lowest ones carry less risk. What do you think? girolamoaloe.com
I waited patiently to see Gold take out the supply. Now the price is inside the supply level and I expect that the market could continue to rise. According with my Trading Plan, my focus in on the higher supply level for a good sell trade. I marked on chart some potential entry points for sell trades. What do you think about this currency? Thank you Girolamo Aloe
I didn't trade EURUSD in the last weeks/months, because it is trapped and choppy and I am not interested to make trading for 10-50 pips of profit, risking to lose money. But, If the price action finally will take out the used supply level making rise the price, I will sell in the higher and fresh supply level. I marked some potential entry points for sell...
GBPAUD moved down taking out a weak demand level on the daily chart. Now it is approaching to the distal line of the fresh demand. I am buying there. I earned a lot of money trading this currency, I would continue in this direction taking advantage from the bearish scenario. What I really take in consideration in this scenario is that the unbalancing from this...
I am waiting to sell NZDUSD high in the supply. My Trading Plan shows 2 interesting trading opportunities following the swings. Considering also the weakness of the supply level, the next swing could take out the supply and rise up more. I marked for now just 1 potential entry point, that could be relevant for my trading. I wait patiently. What do you think...