Mixed - Monthly Price Objectives Whats done and whats left Will scale down to Daily to look closer
Whats done and whats left Will scale down for a closer look
Quick overview of some Euro crosses and price objectives
Breakout and re-test in progress I am not expecting price to succeed at this first attempt even though the PA looks promising right now. This since the monthly chart indicates a possibillity of a deeper pullback. But I will monitor it and be ready jump in just in case it does. Price also need to clear the demand zone structure from which it just recently...
I have a tentative Daily chart which is plotted in order to pinpoint a good entry May the trading gods be with you //RolandV goprotraders.com
Price broke out of the channel and a re-test is now in progress. If the re-test succeed you have an easy short trade going for 600 pips and then some to start with. Still a very good trade should it fail - just see the channel span above price seems to go hand in hand with my NZDJPY trade - check that one out too Take you pick and may the pip-gods be with...
Price has broken out of 2 channels right now and a re-test of the breakout zone is in progress. Now if that re-test succeed then the 200 MA will be the first target and after that 0.76500. If this re-test fails it will at least take out 2 support levels which means the bottom of the immediate channel. Lets see ) Happy trading //Roland V. goprotraders.com
A quick sell up here ( quick being on the weekly chart that is) Still have my long trade on this one going too - so this pullback trade offers a new entry on that one as well Take your pick - Happy trading // RolandV. goprotraders.com
A quick sell up here ( quick being on the weekly chart that is) Still have my long trade on this one going too - so this pullback trade offers a new entry on that one as well Take your pick - Happy trading // RolandV. goprotraders.com
SEE LEVELS ON THE CHART MAY THE PIP-GODS BE WITH YOU // ROLANDV GOPROTRADERS.COM
I HAVE NOW JUST LEARNED THE MOST IMPORTANT LESSONS THERE IS TO LEARN ABOUT FOREX TRADING 1. THE MORE I TRADE - THE LESS FANCY TOOLS, INDICATORS AND SIGNAL SOFTWARE PROGRAMS I NEED TO USE - LESS IS MORE. 2. I DONT NEED TO SIT AND CROSS CHECK CHARTS AND TIME FRAMES BACK AND FORTH AND WASTE TIME. I TRADE THE CHART AND WHAT I SEE ON THE CHART IN FRONT OF ME...
NOW THAT I GOT MY FEET WET AND HAVE GAINED SOME SKILLS AND CONFIDENCE ON HOW TO TRADE WITHOUT OVER-COMPLICATING ANYTHING I THINK IT IS TIME TO FOCUS ON HIGHER TIME FRAMES - THIS SO I CAN MAKE MORE MONEY AND RIDE MY TRADES FOR A LONGER PERIOD OF TIME I STILL LIKE THE ACTION I GET FROM MY 15 MIN CHARTS - IT MAKES TIME GO AND IT MAKES ME FEEL LIKE AN AWESOME...
TO MAKE LIFE EASIER BEING A NEW TRADER I ADDED A LINEAR REGRESSION CHANNEL THAT I FOUND FOR FREE UNDER INDICATORS. I JUST PLACED IT ON THE CHART WITH DEFAULT SETTINGS. NOW IT WILL BE EASIER FOR ME TO DECIDE IF I SHOULD TAKE THE ALERTS I GET AND THE CHANNEL WILL HELP ME AND PROVIDE SOME GUIDANCE
AS YOU TRAIL AND MOVE YOUR STOP FROM YOUR INITIAL ENTRY YOU ALWAYS HAVE THE OPTION TO ADD ON TO YOUR TRADE AND POSSIBLY MAXIMIZE YOUR RETURNS ON THIS PARTICULAR TRADE YOU FOUND THAT YOU SAW PRICE ACTION AND REJECTION CANDLES TO BE GOOD ENOUGH FOR YOU TO MOVE YOUR STOP AND LOCK IN MORE PROFITS - THAT NOW MEANS THAT YOU HAVE SOME NEW MONEY TO PLAY WITH IN YOUR...
ONE IMPORTANT THING TO REMEMBER WHEN USING THIS SIMPLE SYSTEM - IS THAT WE DONT REALLY CARE WHATS HAPPENING ON HIGHER OR LOWER TIME FRAMES THIS SINCE AN UPTREND OR A DOWNTREND ON ONE TIME FRAME IS A PULLBACK ON ANOTHER AS LONG AS CAN ENTER A TRADE ON OUR TIME FRAME OF CHOICE - AS WE GET THE ALERTS THAT PRICE IS CROSSING THE 200 SIMPLE MOVING AVERAGE AND WE...
READ THE PRICE ACTION AND ALL CANDLES CAREFULLY IN ORDER TO DECIDE WHEN TO MOVE YOUR STOP AND TO DECIDE HOW TIGHT YOUR NEW STOP SHOULD BE BUT BE PATIENT - AS SOON AS YOU HAVE MOVED YOUR INITIAL STOP AND BEEN ABLE TO LOCK IN SOME PROFIT - YOUR TRADE IS A RISK FREE ONE AND YOU CAN AFFORD TO LET THE TRADE DO ITS THING THIS IS VERY IMPORTANT SHOULD YOU TRADE...
READING PRICE ACTION AND CANDLES TAKES A LITTLE PRACTICE AS YOU GET YOUR ALERT MAKE SURE YOU SEE PRICE MOVING AWAY FROM THE MOVING AVERAGE WITH STRONG CANDLES. SOMETIMES PRICE WILL RANGE AND JUST GO BACK AND FORTH OVER THE 200 SIMPLE MOVING AVERAGE LINE YOUR PROTECTION IS THE TIGHT STOP YOU PLACED ON THE OPPOSITE SIDE OF THE MOVING AVERAGE. YOU WILL FIND...