Here is another Forex Trading snack.
I know it’s Friday and late in the trade day by Friday’s standards, but it’s never to late to strategize and plan for a new weeks open trade.
USDJPY has run up and started to show signs of slowing a bit. This could just be a rest before another push higher. Evidence that it might go higher early next week...
welcome to a quick preparation for the NON-FARM-PAYROLLS.
Here you will see nice entrys to sell and buy.
Targets, Stopp-Loss and Management is up to your trading-style and timeframe you trade. ;-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good...
welcome to a quick video for your NON-FARM-PAYROLL preparation.
Statistical edge: Short
Short-Area at 1,10274
Long-Area at 1,10539 or 1,10879
NOTE THIS PLEASE:
Fundamentally, these NFP`s can be very tricky for the market to interpret!
The market is currently driven by news regarding to the tradewar, brexit and monetary...
BTC is still in a 4hr downtrend as you can see on the chart displayed so no bullish entries can be considered by myself until a break of the 4hr high of $10,658 occurs. Until this happens I will remain bearish, but still cautious to the several indicators pointing out that a potential bottom is close.
Things to look out for are as follows:
1- RSI is approaching...
BACK TESTING CONT.:
Picking up from my last Educational post, Segment A...
Pip Potential (PP) is a key component for me as it allows me to statistically determine how far a trade will run. In all my trades, I want, at the very least, a 3-1 risk to reward ratio (RRR). Basically I want to make $3 for every $1 I risk. Please understand and, this is very important...
Some traders find it helpful other do not.
Back-testing is, imho, the most critical part of trading
Back-testing the proper way, although arduous, provides incredibly valuable data. It is the Ditch digging of trading but well worth it.
I have come to embrace back testing and reviewing my trades religiously and in this day and age of automation, I...
Just putting out a call since I have been quiet for a bit. Congrats for anyone who opened a short position after the daily EQ break which I published a while ago.
Hope you can see why I am favouring a short position here. For those who follow me you will know why I ideally like to open positions in this sort of set up.
Yellow trend lines have been drawn up on...
as you can see on the weekly time frame (also monthly) we are witnessing positive price action for the ASX. Although positive price action is generally celebrated, it needs to be backed up with positive movements in relative strength, which in this case is not happening.
As you will see on the chart published, despite the positive price action we...