Did y'all see that yesterday. The EUR/HUF has a massive move lower for over 570 pips and I was able to catch that. I exited out of my position because I have been in the pair for a while now and think it is going to push higher. It is pushing higher now, so for now I am correct. But I think there might be a larger push higher. If this pair can hit 380 or...
Oil has been in a range towards the end of last year and price is fighting against pushing below the 75 lvl and staying below it. It makes sense as the news is mixed because there are positive and negative news for Oil. Check out the following: Positives for Oil: -China economy recovering and demand increasing -Russia plans to cut Oil exports by 25% and cut...
The Federal Reserve Chairman Powell reinvoked the power of the interest rate hikes to continue the battle in bringing inflation down. This news push the USD near the 106 lvl and hit the NZD/USD, pulling price below the 0.61 lvl. This was a hit to my position, but I ok with the floating loss currently. In order to reduce my risk, I added a stop at 0.60 because my...
The FED is increasing rates higher and higher and it is looking like they will increase rates past 5%. The next increase comes in March and it will either be 25 basis points or 50. A 50 basis point increase will definitely push Silver below the 20 level. Inflation is still high across all major countries and it is a battle between Central Banks fighting...
I've been in MLFB for a while, since around 2018/2019. MLFB attempted to establish a season in 2020/2021, but due to COVID, they were unable too. Here comes 2022, and things were looking good. They were bringing on players, coaches, bought equipment, named teams, hand a place for a camp, and had some coverage. Things again were looking good. Around June/July,...
The EUR/HUF is meeting all of my expectations on the Technicals, Fundamentals, and Sentiment. On the technicals, price is showing a head and shoulders patterns and price looks like it might be able to complete the head portion this year. The reason being is, on the fundamental side, the ECB is struggling to fight inflation, the National Hungarian Bank sticking...
This is my plan for the next few Quarters. My main focus is on the EUR/USD. If price is able to hit the 1.05 level, I will need to decide if I want to place a stop at 1.06 and ride price lower, or exit at 1.05 and move my focus over to the GBP/CAD and EUR/HUF. I might place a tighter stop and see if price is able to maintain the momentum lower on the EUR/USD. ...
-Trading Rules 30 Take Profits 30 Pip SL Move stop lose into profit after 8-10 pips in profit -Twin Trading 2 trades in the same direction 1 trades has a SL and TP 1 trade has just a SL and you trail it -Lots example for .10 .05 and 0.05 Proper Risk 0.01 per $100 or Follow YOUR trading plan
It just broke out of a smaller wedge in the 4H TF and it is getting close to the breakthrough level on the 1D charts. The momentum looks good and the valtility is jumpy... always a good sign on cripto