If Carlsberg did forex this would be the best entry you could wish for! Bought on the closure of the previous hour's confirmation and we had zero drawdown. Of course there is more behind the readon of this trade other than guessing where price is going. To understand i'd need a few charts to show you but basically on the daily this is a nice rejection level at...
Some technical aspect behind this setup. However, the long and short of it is. If we leg a fib from this low to the recent high we can see Price made a significant impulse up and a rather slower pull back, So, high to low fib we can see that the 50% fib lines up nicely with the previous price action to the left which i have marked in a yellow box. We did see the...
Now i have your attention... everyone loves a good joke. I wanted to post this analysis to show a couple of things. Firstly, as you'll see from my other setups my chart never really looks this messy as i like to keep it as simple as possible. We had however some conflicting information on the chart where we started to form a 'Wedge' this is where you find a...
Little free setup I am currently in. Reason being, we have a nice bearish run on the 4hr showing us price is overall going down. We have bounced off a daily support level currently so I am conscious of the fact the trade me see a reversal again at around the 109.229 area so I will be happy to take most my profit there and let a small bit run to see if we reach...
You don't ALWAYS have to be trading and you don't always need to have an active trade running to make profit in the markets. The best thing to do is wait for price to reach your analysis and then execute the trade. There is no point in spending all the time looking for setups if when it comes to it you start entering at lower prices or higher prices because you...
Sometimes you have to sit back and step away from the charts and re evaluate as you can find yourself taking trades you didn't want to be in or you start emotionally trading. GBPAUD i'm looking for spike up just past the 50% fib to reach this nice area of interest between the 50% and the 61.80% you will have to drop onto the 4hr to see why it is of interest....
Not that i would suggest it in any sense of the imagination but you'd definitely be out before this pair reached it's target ;) Only joking, you'll be in and out in a flash with this setup. Now you may need to do a bit of your own homework here as to why my setup is as it is. If you go out to the daily and add these black lines as i have on your chart you'll see...
Just a little weekend fun but this chart reminds me of my little lad because that's not really in the long department but it get's the job done! Just like this GBPAUD setup i think we should see a nice bearish move down next week. We have good confluence to the left of us along with this bullish trend which i anticipate we will break. My suggestion and advice is...
Trade now closed out for obvious reasons! if It isn't obvious, the markets close at 22:00 (UK Time) and around now you won't see much more action in the markets so it is best to close here, take a nice profit to end the week and go again next week
We can see that EJ has been producing a nice bearish move over the last few days and from that we can see a slight correction forming on the 4hr/1hr chart. As we are currently bearish i cannot see the pair making much more of a move upwards. We do have nice structure which has formed to the left along the 129.594 level. This has matched us up quite nicely with...
If you don't know much about CAD, when USOIL starts pumping this effects how CAD plays, when oil prices rise so does CAD. Likewise when Oil prices start falling the Canadian Dollar get's weaker. I'm basing this trade off looking at Oil and expecting it to start slowing allowing the Yen to get a bit of strength and see this pair fall some what. Nice 22 pip SL and...
This morning I made a post regarding a plan for GC moving forward. Looking at it tonight I can see that price has pushed off the bullish trend line and made a slight run up. Moving on to the smaller time frames I've added in a fib from the high to recent low and can see structure that has formed within this yellow area. I've added a small position on this as I can...
So it is hard for me to show you all the process here of why this zone is important to me. On the daily I can see that this pair is clearly bullish and SHOULD see us push towards the 0.67304 area which is well over 200+ pips away. On a Major pair like GU or EU you could see that move made in a day but with NZDCHF it is a slow moving pair so it could either become...
With GBPCHF we have seen a nice decline from our strong daily support. If we see a continuation through the trendline I will expect a slight correction back up before we see the rest of the move down. I've outlined what I expect to happen should we get a nice break from this bullish trendline. Be patient and wait to get the correct position before selling as price...
Nice little setup on EURGBP here. Overall on the higher timeframe I do see this pair pushing higher but short term I think we will see a little pull down roughly around the yellow zone I have marked out (0.00% fib) is where I will be looking to take majority of my position and have a little left to see if we reach the final TP. Let me know what you think :)
If you take a look at this morning you'll see my input on GBPCHF. Now look at it, nice simple analysis with a good RR (Risk Reward) Don't make your charts confusing guys keep it simple and trade sensibly.
Now i have your attention... this is certainly not me making you a millionaire off this trade. However if you struggle to make money in the market then it could be something as simple as your charts are a bit of a mess or you are emotionally trading. We've all done it. If you need help with charting just drop me a message i may be able to help. A simple...
Do you keep telling yourself "one day i'll reach out for help" or "one day i'll try trading" STOP. Rather than saying one day, just start. Make today your first day and just start. You might surprise yourself! Trading isn't for everyone, it can be stressful, you can have sleepless nights when you start out but all this is normal, you are risking money so of...