NOW WHEN YOU HAVE A TRADE OPEN - WATCH THIS TRADE FOR A BIT. BE PATIENT BUT AS YOU SEE THAT PRICE FINDS IT HARD TO PULLBACK TO THE 200 SIMPLE MOVING AVERAGE - MOVE YOUR STOP AND LOCK IN PROFITS ( SEE HIGHLIGHTED EXAMPLES ON THE CHART) YOUR TRADE IS NOW RISK FREE AND YOU HAVE SECURED SOME PROFIT SHOULD THE TRADE MOVE AGAINST YOU FROM HERE ON. YOU KEEP ON...
WHEN YOU GET AN ALERT THAT PRICE CROSSED THE 200 SIMPLE MOVING AVERAGE - YOU OPEN THE CHART LOOK CLOSELY AT THE PRICE ACTION AND CHECK TO SEE GOOD CANDLES THAT INDICATES THAT PRICE IS LIKELY TO STAY OVER-OR- UNDER THE MOVING AVERAGE. YOU WANT TO TAKE THE TRADES WHEN YOU SEE PRICE QUICKLY CREATING A DISTANCE FROM THE MOVING AVERAGE. SEE HIGHLIGHTED EXAMPLE...
ADD A 200 SIMPLE MOVING AVERAGE TO YOUR CHART USE THE CREATE ALERT FUNCTION AND SET AN ALARM - SO YOU GET NOTICE WHEN PRICE CROSSES THE 200 MOVING AVERAGE SET THE ALARM FOR THE PAIR AND TIME FRAME YOU LIKE TO TRADE PS. YOU WILL NEED TO HAVE A PRO ACCOUNT HERE IN ORDER TO PLACE NUMEROUS ALARMS DS.
Ladies and Gents Be ready for a breakout around the corner. Place your bets and start your engines
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I am looking into selling AUDJPY for a bit longer. I am awaiting to see the ongoing pullback to complete and will then sell again. This time around I want to see a clear break of the channel support - and a re-test. The entry price is a wait-and-see at this point. My stop will be placed above the red zone. and the whole trade idea has a trade invalidation zone...
Remember this one I posted 9 days ago. Have a look at the original posting and play it up and you will see clearly for yourself. At the time of the original posting I saw many traders in the chat room jumping in going short on this pair. It is a short trade but not just yet and they just went in prematurely. I showed a few my chart and they went..no way.. cant...
Price is fast getting closer for me to add on to another long trade, Will keep a wide stop (initally) under the red zone until price has travelled away a bit from the entry zone. Will use the SL area as an additional buy-in area just in case Next upside target is 2.4350 -ish
As long as price wont break my SL zone I will take any and every trade to the upside I can in the near future. Many talk about a coming 10% correction. Maybe it will happen, maybe it wont. A clear break of my red zone would however make me stop and wait on the side line for a bit until its time to grab another long again.
Dont mistake one or a few weeks Euro strength to be a trend changer just yet. Take your side and choose your trades with a long term approach in mind and you will win. With that said - of course you can jump in and tag along the daily bias session per session, But personally I rather look at the bigger picture and that way I know I get a fair deal and a safer...
The downside target is clear but it will take a few to get there. PA will reach its target. But be careful - you need a very wide stop to enter a short here. Dont ask me how I know - I just do and I like to keep my edge ) but trust me - as with any other trade I post - they all reach target. Wanna get more solid trade ideas - then subscribe and follow me ))
Ok Tradingview didnt let me post my double chart posting so here comes the chart showing the daily USDZAR. See relating chart link below I very often get comments like - wow you trade so volitile and risky pairs. - why dont you trade the majors instead I give it a shot to try to explain why. Pairs like USDZAR, USDRUB, USDTRY and USDMXN and others moves a...
I very often get comments like - wow you trade so volitile and risky pairs. - why dont you trade the majors instead I give it a shot to try to explain why. Pairs like USDZAR, USDRUB, USDTRY and USDMXN and others moves a lot intraday and many new traders view them as un-affordable and too risky to trade. But it is not, not if you do it the right way. Look at...
PA HAVE REACHED UPSIDE OBECTIVE AND LAST WEEK ENDED BY SHOWING PA FAILING TO MAKE A NEW HIGH. AS LONG AS THESE SUPPLY AND DEMAND ZONES PROVIDES ENOUGH SUPPORT AND RESISTANCE - IT OFFERS AN EASY RANGE TRADE PLAY I WILL KEEP MY OPTIONS OPEN AND TRADE IT ON THE 240 BASED UPON THE DAILY SENTIMENT.
WILL SELL THIS ONE BUT WANT TO SEE THE PA EXHAUST UP IN THE SUPPLY ZONE FIRST - SO I WILL WATCH AND WAIT FOR THAT AND TRADE THIS ONE ON THE 240. HAVE 2 CLEAR TARGETS. BUT AS ALWAYS - I WILL TRAIL MY STOP AND LOCK IN PROFITS UNTIL A DOWNSIDE MOVE EXHAUST AND REVERSE - RATHER THAN SETTING FIXED EXIT LEVELS.
If price manage to breakout with a parabolic move then this trade has a lot potential. This since price has not been in the area below for some time and is probably tempeted to head back for a bit.. Price is now at a key level which I would prefer would hold - so price bounce up a little to complete the re-test of the breakout zone from the range as well as...
Crude oil is pretty interesting We now have another range breakout re-test in progress This trade (possible short term - short) would go hand-in-hand with the USDollar index trade (See separate chart) Would only take this short if I see it would go for a parabolic move. Not too interested to sell here if consolidates over 50 bucks a barrell But an investment...
Looks like EURAUD wants to head down and re-fuel some before going for a new high. its not a clear short to add-on to just yet tho since price is still kept within the bullish channel and the Aussie is under heat as well. But if the Euro will be squeezed by the Dollar this coming week or so - then it is a possibillity that the Euro will re-visit good old 1.45...