A quick trade during Friday on the 15-minute CADJPY chart. Update: In real-world trading, the SL was never hit before the profit target was met.
Trading on the established support of the hourly chart. If profit target is hit, January's downward trend should have ended. Therefore, I would be looking to scale out and take profits at 100 and 101.25 as well.
Will resistance convert to support level at USDTRY daily chart? I'm betting 3-to-1 it will. If profit target is met, scaling out and moving stop loss order to break-even (entry) point is recommended.
Will GBPCHF fall back again to the downtrending triangle's base? If so, that'd be a 10:1 risk/reward ratio trade.
I trust resistance will now act as support and EUR/CAD will resume the recent uptrend. Going for a lucrative Risk/Reward ratio, but scaling out is preferred.
Going long on the Australian dollar, as it touches base with 2-month support level and S1 pivot point, not to mention the round number (0.97). I'll be exiting 60% at 0.97250 (Friday's S1 pivot point), 20% at today's high and midp-pivot point as well (0.9770) and keep the rest, in case the pair trades inside the monthly range (0.97 - 0.9950). I'm using a tight...
This is a trade I initiated just moments ago. Shorted at 122.06 with 5 pip stop loss and setting the first profit target at 121.550 (Friday's close). I'll be closing 60% at first profit target and 20% at 121.100, current day's low. Should the first profit target miss (it's truly a long-shot), I'll be closing 60% when a 5-min candlestick prints a new high, after...
Following the long-term uptrend of USDCAD, as key Canadian economic indices are set to be announced 30 minutes from now.
I think everyone will be shorting EUR/USD on R1 pivot point today, which converges with a significant resistance level according to price action. Not to mention that 1.2575 has been the R1 pivot two days ago! I will be using a pretty tight stop loss (5 to 10 pips) and will be looking to scale out, should the prediction be confirmed, at: 1.2540: Out 60%. 1.2375:...
A not so reliable setup to trade, but good to know for market analysis worldwide.
Ascending trendline in daily chart meets strong support level. A long trade with a 3.5/1 reward to risk ratio. goo.gl 60% out in first target, 30% in second one, 10% for position trading.
Is Coca-Cola investment in Monster Beverage enough to boost price beyond the trending channel?
EUR/USD hasn’t closed at 1.3350 or lower for almost a year. That is a fact. And based on this fact, I am planning on going long. Read my blog post for the most simple, almost naive approach to forex trading at: www.tradinggraphs.com The only way I’m losing money is if I’m wrong more than half of the time.
If the resistance holds and is confirmed like before this week, there may be enough time to make 20 pips out of this trade. Using a tight stop loss, as there isn't significant news till Friday's close.
Who pressed Bitcoin's restart button? Bitcoin up $50 in the last 24 hours. Why Bitcoin's recent climb has potential: 1. Downtrend has ended, noted by the broken red line. 2. Volume spike. 3. Filled green candlestick. 4. Possible upcoming upsets in financial markets. 5. More companies/websites now accept Bitcoins. Can you think of any other reasons? Or maybe you...
I'm betting EUR/USD has a better than 25% chance to climb back to 1.39. I risk 1% of my capital to win 4%. If I lose, the stop loss will protect my capital and I can continue trading at least 99 times more! That's where most traders fail: getting out when they are wrong and risking too much to win too little. Don't do that! Use a stop loss and aim high! What...
Laredo Petroleum today's earnings data: - Q1 EPS of $0.49 beats by $0.35. - Revenue of $173.3M (+5.9% Y/Y) beats by $0.67M. seekingalpha.com That's a likely favorable risk/reward trade. For long positions, I'll pinpoint my entry using the 5 or 15-minute chart.
Pullback to trendline makes me consider this 1:2 risk/reward trade on AUD/USD.