HBSPG

HBSPG Updated 

Going to see where the next candles form before entering trade, hoping to jump onto the momentum.

HBSPG Updated 

May try to jump on the short, reached a resistance point for the third time now, going to see where next candles form before entering the short.

HBSPG Updated 

broke through resistance where it resisted twice. Was going to look at a buy if began to reverse, however, carried on dumping so jumped in.

HBSPG Updated 

Looking copy the drop from the previous top. Simple strategy.

HBSPG Updated 

Failed to break resistance for a 2nd time, now starting a bull trend in candle formations, hopefully hopping onto the monemtum,

HBSPG Updated 

Sat nicely in profit, keeps reaching new highs but can't maintain currently, debating whether to drop out with profit. If continues could see price drop back down and go through another cycle of retests.

HBSPG

Here was a great day for many traders trading GJ. Most traders are aware of GJ being one of the more volatile pairs, although today was volatile it followed simple patterns, reaching highs of 161. and then reversing to low 160. I opened various trades through these motions at different prices, my mistake was not sticking with my original opening trade as It meant...

HBSPG Updated 

Yesterday it tested $1895-1890 area, rejecting both times, creating almost double bottom. Price dropped massively over the past few days, however rejection tells us that its likely not to drop any further but to reverse. If it were to drop again, my SL is at 1885 because it has potential to retest the bearish patterns, if it does it will continue to massively drop...

HBSPG Updated 

Quick long position, failed to break resistance on short .08450. Green candle formed passing .08500 meaning a bull formation.

HBSPG Updated 

Broke resistance level, opened a short position, no TP as no real indicator of where price will go to. SL at 91.200

HBSPG Updated 

Looking to take advantage of the reversal in the same pattern that I took the Long on.

HBSPG Updated 

Looking like a good entry depending on movement of next few candles, could be very high reward Pips! If breaks resistance, will be a short.

HBSPG Updated 

Following previous patterns, recently once GU had reached a new low, the following candles would quickly reverse back to its middle ground. Possibly entered this position too early, will see how it plays out, if next candle or two don't follow this rule/pattern I may exit the position at a loss if needed.

HBSPG Updated 

Trading on the momentum of AU, it seems to push up with relatively low drawdown during the trade, hence the tight SL. IF price follows this then likely to see a 'double top' and I will probably open a short position back down towards entry.

HBSPG Updated 

Same idea with my previous AUDUSD and EURUSD positions, all three followed their previous patterns. See previous ideas for more analysis. Failed to break a resistance level, indicating a short would be appropriate.

HBSPG Updated 

Had similar positions which were following similar patterns on the 15m (GBPJPY + EURUSD). Circles demonstrate struggle to break a resistance level, once it struggled again at 13:00 to break that level, that gave me an indication to short. Had no SL on this position, however I was watching it to make sure it followed the patterns and if it were to long then I would...

HBSPG Updated 

Following previous candles on the 15m, candles were following same patterns, so I decided to open a short position, which happened to time perfectly and candles did end up having almost like for like pattern.