This pair is respecting the fundamentals. The only time I'm gonna get interested is if it pulls back deeper than A-B movement from C-D. The circled area is actually a range...that's where the buildup takes place before the take of.
Majority of traders are always on the lookout for breakouts, Support equal resistance, Fib levels, channels, wedges bla bla bla but have no idea what they are doing..they put all their efforts on unnecessary stff...they just test their luck with technical analysis and are not consistent. if you can catch moves like that over and over again and know why they happen...
The fight between Buyers and sellers has already begun. who will have the upper hand? SELLERS, BECAUSE OF THE STRONG DOWN TREND? OR THREATENING BUYERS? Conduct your own analysis and don't be stingy on your STOP LOSSES when going long ;)
DAILY time frame is quite strong, BUT there was a big green candle up...could this mean that the sellers stopped the selling and now allowing buyers to come in before they can continue selling again? Remember that they need buyers to sell to...
We wait patiently as we prepare ourselves to jump in with the big boys. You can look to for buys on lower timeframes for counter-trend trading. I don't think it would be advisable to take any trades on Monday. We need a Lil bit more data to make an informed decision.
Did you notice the prediction tool was there for a long position when I mapped and called out that signal, but I said nothing about it? well, I thought you'd ask... I opened three(3) positions. the one inside the prediction tool range( the one I called out) was for a lower timeframe for a short period of time. I entered with LOT SIZE =3.00 x2 (6 lots)<<< and...
Theres a strong resistance at that level. take your profits now
Who jumped with on that buy I called out earlier today? I entered on the 5min timeframe. The first pullback was as a result of amateurs traders who fancies FIb levels and supports equal resistance type of style. the majority of traders knowS it very well but I wasn't really shocked by that pullback. I opened two simultaneous positions, I just closed 1 and let the...
AND I'LL BE CALLING OUT SIGNALS LIKE THESE= NAS100 =BUY - ENTER AT YOUR OWN RISK. HAHA . TP= 9646.2 // SL= 9539.7
We already know that it's most likely to go down, but when do we exactly hit that SELL button? how do we prepare for a SHORT? Where do we put our stop loss and take profits for maximum profit gain? we need to be careful because most of you are going get stopped out before the trade performs These are some of the questions I get. PLEASE HIT THAT LIKE BUTTON AND...
What's the point of drawing cool lines on your chart when you don't even make money from them? Everybody can identify and draw perfect support and resistance areas- that's great, but can you benefit from them? The truth is, 95% of traders and every broker out there know these areas too. if you read the chart as they do, then you're basically trading based on luck...
I know most of us are looking for SHORT positions on this one. BUT again, we know that these pair tends to respect trendlines a lot. it is certainly on an uptrend. BE CAREFUL before hitting that SELL BUTTON because a lot of people will get stopped out.it will certainly make big moves. Don't be too stingy on your stop losses. Avoid lower timeframes. it's either win...
1. We see a strong rejection at the Sellers area. 2. A mini range is formed 3. Lets now take a close look at the candle formations 4. Sellers are coming in strong. ( 2 huge red candles down/ fast pace) 5. we must not ignore the fact that buyers are also holding at the support area because of the previous breakout, but the move up is not as strong.. 6. The market...
You need buyers for you to sell. You also need sellers for the buy to work. V Formation - A FIGHT between buyers and sellers. you Don't just wait for the test. You need to read each and every candle carefully inside a possible consolidation box before the breakout