I think it makes more sense logically for US30 to continue to drop and I do believe it has the means and liquidity to do so. That being said, I wouldn't attempt to try to trade anything on it as of current because it (like gold) is confusing and chaotic. I will probably be sitting this one out. Have a good rest of your day folks!
I think it makes more sense to walk away from gold at this time as it isn't very clear about what it is attempting to do. Have you ever felt like the market doesn't know what it wants to do? Well if that is the case and the market doesn't know, how the F could you know? Come on, not everyday requires you to place a trade. This is a test most traders will...
What is up traders, Brandon here - Absolutely lovely call on Gold this morning. Below are the links to all the minds that I would have posted before and after the trade itself was taken> www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com I like showing all the...
What's up guys, I hope this message finds you well. It appears that gold did actually play out almost exactly like I wanted it to and surprisingly I was right. Here is the link to the original analysis - www.tradingview.com The good thing about this is that due to it being a news event I wouldn't have been able to engage anyway until maybe after the event but...
Does this ring a bell?, You lose a trade and you feel the need to instantly reenter. You were absolutely sure that trade would win. So you reenter, this new trade loses as well, now you are furious you wait a bit and you reenter again with the same lot size and yet again you lose - this typically occurs because you are no longer trading based on logic but on pure...
If we look to the left, gold would have completely reversed the move it created last week Friday for NFP. Thus gold has now gone somewhat bearish which means sellers are interested. If you look at the area circled (in purple) there would have been sellers interested at that level. Gold literally just took out that area. Any sellers who had sold around...
I believe gold is likely to continue lower, Let me explain why> Based on this image you see here, gold has been stumbling about this level for quite some time, at least 4 days. Due to the fact that it appears to be a "support" I am thinking that there might be buyers trapped in buys or at the very least induced to buy at this level. Which means stop losses...
I'm probably crazy, Yeah I know What's up folks Brandon here. Today I have some possible sells on NZDCHF, I think sells just make overall sense as none of the data I have taken in builds my confidence in a buy. Furthermore it feels like a buy seems to obvious. I am extremely cautious of when a set up feels obvious. I like to go against the grain, and No that...
Once there is momentum in a market - you can rest assured I'd be lurking lol When I saw gold return with its bullish momentum after all that consolidation, I was like helllssss naahh. I can't leave that alone Thank god I didn't the trade right now is floating at just about 1:3.25 Gold is currently consolidating again either for it's next big push up or to drop...
Simple but effective sells on Eu. Keep it stupid simple Eu was selling, I don't like guessing, so I sold in accordance with the momentum. My entry was based on price stop hunting a level on the lower timeframe. Momentum is the key to make my strategy work. If there is no momentum in the market. My strategy will fail almost every time. This trade went up to 1:4...
So let's try to think about thinks objectively Btc is an asset that has A lot of hype behind it I don't know about you but other than being a trader, I haven't heard (non traders) talking about btc that much in the last few weeks You know what I'm talking about right? Like when your friends on facebook who don't know ish about trading but because they see...
It seems sellers have still fallen for it. Good Morning folks, just woke up to see gold has again crashed through the recent high My buy position is still very much alive and well. ____________________________________________________________________ The Stats Here are the stats so far: -Ultimate Risk Reward - 1:5.53 -Floating Risk Reward - 1:5.24 -Secured...
Sheep vs Wolves Sheep Believe that selling at the highest possible point will be the best potential bet Wolves wait for sheep to slip so that they can eat the sheep The problem with the sheep mentality is, what are you basing the "highest point" on How do you know that this is the highest point? Who told you that it was? What made you believe it is the highest...
Making use of a much wider stop loss due to the accelerated volatility I posted a few minds this morning this exact idea (that gold would buy> 1. (www.tradingview.com) 2. (www.tradingview.com) 3. (www.tradingview.com) Before someone says that I took the trade without explanation > here is your before and after ;) It is better to have a wider stop and still be...
Time is relative, you aren't late, you aren't early. When it comes to trading, you will only know after the fact. So by taking the guess work out of whether or not you are on time and just letting the market do what it has to do, all of sudden you can't be late or early I hope this helps
Good Morning guys, I just not to long ago closed this buy on GBPJPY - I Took the trade yesterday evening and held it (during the Asian session overnight) I just woke up Let me explain why I took this trade These are my confirmations\questions > Question 1 - Was GBPJPY in momentum (bullish or bearish)? Yes, GBPJPY was in bullish Momentum at the time of me...
As per my last analysis on AUDNZD - (www.tradingview.com) I am still actively holding this trade NOW, given the fact that audnzd just struggled to breach this most recent low (purple zone) and decided to pull back upward - made me consider closing but patience If however, it struggles again to breach this low I'd close in profit Why? it is simple really,...
Good Morning guys, have this buy open on AUDNZD - it isn't the best trade and I don't really like trading this pair but there was a set up and I decided to give it a try Let me explain These are my confirmations\questions > Question 1 - Was AUDJNZD in momentum (bullish or bearish)? Yes, AUDNZD is in bearish Momentum currently Question 2 - Who is interested (at...