Expect for price breakout . Buy above : 120.770 Sell below : 120.495
Anticipate for price breakout Buy above : 1.53599 Sell below : 1.53049
Predict for price breakout . Buy above : 1.12340 Sell below : 1.11789
And the reward is always good when you stick to your trading plan at all cost and don't change anything after you have placed your trade. It feel so good to be a participant in the market and when the market movies in our favor.
1:Losing Streaks: The brain does not like repetitive losing. Be sure to stop trading after 3 losing trades in a raw! 2: Create a trading plan and stick to it. Successful traders have a plan and they trade nothing but the plan! 3:Manage your mood: If you are ill, cranky, depressed, or sad, STAY AWAY FROM TRADING!. 4: Keep detailed records: A trading log...
USDJPY BOUNCE SHORTY TRADEIDEA365 from JAPAN
As per Elliott Wave perspective it seems that GOLD recently has finished five moves down. After every five moves, there are 3 corrective move which is called Corrective Wave. Since we are at the beginning, we can opt for Buy Trade. So aggressive traders may enter in long trade with very tight stop loss of 1167.
Gold made 5 waves move for wave A. Now it is making correction for wave B. We need one more wave to complete the GOLD corrective move. I recommend long position on gold at around 1175-11-72 For 1204. Stop order should be placed at or below 1160.
This chart is a little busy so allow me to explain what whats going on here. The Green trend lines is long term support/resistance formed in the 4th quarter of 2012. The red trend lines were formed in late 2014. And the blue trend lines is the most current trend. Ultimately, I think we are going to get a prolonged period of sideways volatile action out of...
Simplicity is bliss. Buy when price comes down to support. Take profit at resistance. Three levels of both support and resistance for each level of risk taker. Note the change in color where resistance became support and where support became resistance. No MACD, RSI, Bollinger Bands, Fibonacci, Ichimoku clouds. Just old school support and resistance.
Platinum did hit a low at 1086 but a corrective move was is now confirmed as a bear trap. Price did recover but failed to break above 50% retracement at 1185 and so the longer trend continues. Only a break higher above 1185 or out of the long tern down trend line will be sufficient for the bulls to retake control. Short in this sellers market.
Palladium remains a difficult metal to trade and given the bounce of the 50% retracement at 754, we are seeing a strong demand and potentially higher move off this price. We cannot rule out another attempt to take out 787
Keep your eye on this one for a quick 3-5% day trade. Let you march be full of gains
You should always write your trading plan in advance Write down (as a minimum) the reasons for the trade, the confirmation signal you want to have, the stop loss and the targets
Canada has pulled almost all of the way back into it's most recent swing. The is the place where the big boys like to play. First we need to be patient and wait to see how price unfolds before just jumping into the water with a major news event looming on the horizon. To get long, I'd like to see one of two things happen: price suddenly spikes lower, washing...
The SPY sold off right into support in today's trading. I am looking for current support to hold for a subsequent reversal. Watch for higher higher highs and higher lows to begin setting in as a confirmation of a continued move