Im looking at the Gbp usd to continue to trend from the underside towards 1.27500 resistance before sellers get to gain control again. The 1.25500 resistance area need a big strong push through to reset recent data and continue up. Will keep posted with updates
NOTE: TV won't let me post a 1 minute chart so I posted a 15, but this is intended for the 1m. Every beginner wants to trade the 1m chart. Yet most advanced traders cannot do so. There are several problems with trading the 1m. Firstly, most minor swings on the 1m do not go far enough for a minimum scalp. Second, it is easy to get lose track of the bigger...
Looking for a quick profitable trade idea here is one! Based on the current Octave system readings the EURUSD is in a very weak uptrend but the current trend is so weak its staying in a short term range bound channel. this is allow you to make some fast money on a short term counter trend scalp. the current Octave system reading on the EURUSD Is HALO Reading:...
First created by Charles LeBeau and David Lucas Recreated here on TradingView by JR and Ricardo Santos By default triggers are set at fast 2,3,4 MA's. You can change the inputs as you like.
Had a few requests to share my chart setup, so feel free to make this chart yours and save the template. Indicators used: 1) Ichimoku to get an idea of general trend direction and key support/resistance levels. 2) Directional Movement Index to get an idea about trend strength. 3) Candlestick pattern indicator (hammers, etc.) for confirmation. Tbh, you don't...
I was thinking about this concept while I was driving after dinner. You do not need a fancy $500 Monthly subscription for an edge. Here is the Concept, You can build on this. Notice how the Murrey Math Oscillator works in finding the pullbacks with a trend. Experiment & create your edge . NOTE : EVERY PULLBACK TRADING SYSTEM WILL FACE TRANSITION ZONE, ITS...