About meI use several SWING disciplines that have all proven and effective results with historical price movements on major Fx pairs. My strategy uses the basics of each discipline to keep it simple yet effective which is to maximise profits and limit losses!
I love the Steemit Community and for this reason I believe Steemit and Steem Coin will revolutionize social media content marketing and lifestyle design.
I believe Steemit will be competing with the giants in a few years.
This new fork in BTC being launched from AUG 1 2017 will cause a lot of volatility so this may help my trading idea...
Today I am using STEEMETH to illustrate a potential long investing opportunity.
We have multiple areas of resistance that I believe will be broken in due course.
You can find me on Steemit as pipalchemy :)
Enjoy the show!
The pattern I used to trade this long has been consistent with GBPJPY... This is hands down my favourite pair! Reason for this is because I am able to FEEL where price will reverse!
For the past 3 years this pair has given me more returns than any other. What does this mean? Well to me it means that I am able to read the perception of future market price of other...
Price has pull back to a level of high probability!
I will only take profits at $3200 if I see Price Action that indicates some profit taking.
This is why I will not set a Take Profit on any crypto at the moment. The bullish moves are strong and you could be missing out of profit!
Enjoy the Show
At this moment of time the correction we are seeing on the pair is not as large as the correction seen on 25 - 27 MAY 2017.
If the corrections are getting smaller it shows bullish strength. It also shows that price is set to make another leg up.
I have added longs in the highlighted zone!
I really like the potential this currency and its blockchain offer the...
This correction has many variables that caused it. To me it looks like investors taking profits!
Technically speaking the trend is still BULLISH so I will keep adding long positions for the short and medium term!
If price does break below the $2000 level then I will reevaluate this pair accordingly.
Be safe and use Risk Management to protect your...
The Forex market never ceases to amaze me. Price floats like a butterfly but stings like a bee if one doesn't apply an edge with a solid risk management method.
The chart speaks for itself...
I am short bias, although a break and test to the upside of 1.1000 will present a long opportunity. You have to be quick like the jaguar in order to reap the rewards of...
06/04/2017 - FX:USDJPY
The Bullish wedge is signalling a high probability rally. With NFP looming tomorrow there will definitely be some momentum that could potentially strengthen the greenback.
The 4hr or 1hr timeframe might signal the opportunity to go long and provide a worthwhile Risk to Reward on a break and test. We are trading above 110.00...
1. We are trading above the high of JAN 2016 which is a very significant level (S/R)
2. The Willis Zone bounce indicates a highly probable leg to upside
3. Golden Ratio Correction increases odds of a leg up
4. Weekly Close above previous 5 weekly candles
In light of the FEDs likelihood of an interest rate hike, bulls will be coming in strong...
FX_IDC:GBPJPY Moves gracefully at times of imbalance. When you spot the imbalance, take action without hesitation or you will catch the cobra in the mouth.
The anatomy of the geometric pattern displayed is built with the ratios of fibonacci. By applying the fibs one can find high probability entries and exits.
The rejection off the .618 and...
If you get stopped out you have two choices:
1) Wait for price to reach the next key level before re-entering
2) If analysis completely wrong then plan for opportunity in opposing direction
I got my last AJ short idea completely wrong but that doesnt matter as long as you define your risk according to much larger rewards.
It doesn't matter where price goes because I am not trying to make predictions. I am just following a bunch of well structured, back tested, simple and high probability patterns. I use Price Action on several chosen Time Frames to decide.
Targeting FX_IDC:EURUSD 1.08 handle
Trading against the herd means being a contrarian. Just by looking at the Price Action...
Structure breakouts indicate an imbalance and as traders we need to understand the equilibrium of the supply and demand of currencies.
Breakouts are high probability and are a great way to profit if managed with an edge.
SHORT BIAS = FX_IDC:AUDJPY
"Successful Trading Is 20% Skill and 80% Mindset"
The Price Action and volatility at the 1.0750 was the catalyst to this high probability short . I owe this trade to a lot of patience because I have been stalking this for weeks.
Targeting the FX_IDC:EURUSD 1.05 handle for my first Take Profit.
Stop Loss will be moved to Break Even on the close below 1.0630.
Any questions then feel free to comment...