Hope everyone has had a great year of trading.
I know I haven't posted here in a while but i'm going back to making a habit of it.
Lets take a breather from GBPUSD and attempt this simple cyclical trade.
An easy 100 pips is up for grabs should price come to our entry point.
Although not entirely recommended, aggressive opportunities exist on the way down,...
I rarely trade the crosses but I saw this setup coming.
We waiting for the stop hunt to 0.9250 then we can expect a 125p move. At that point I will reanalyze and will make projections for going even lower.
EURGBP is in a strong Macro uptrend (Monthly). The selling program will lose legs soon but we just waiting to see just where.
Just thought I would share a short term position I am trading for the time being, I am holding a small buy until 1.31 with a small stop loss below my entry area.
My overall bias for GBPUSD remains like the pictures I shared 2 months ago but I take short term positions like this whenever they present themselves.
I will post an idea of how we...
" Chance favors the prepared mind" - Louis Pasteur
We are up over 1000 pips on GBPUSD this year and I hope everyone has been enjoying what I call Stress Free Trading.
Price Action is King!!
I am looking at a short setup on GU for the Bank Of England meeting 2mrw, I have a small aggressive entry from yesterday but my terminal is littered with limits at and just...
I am looking at a continuation of the buy program that we have been in for the last few months.
This chart shows 2 zones that I will be looking at adding more buys, I am confident that we should see an extention to 1.3250 before a drop but I am managing my expectations and being reactive to price action as it unfolds.
News yesterday gave us the expected...
"I trade like I bath" - the words of a self-created guru trader who wanted to convince me to join his "Premium Group" a while back.
Although by his very nature the gentleman was a scammer and made more money through "teaching", those words lead me on a path which to a greater level of certainty in my own trading and analysis. (By the time we had that interaction...
Expecting a buy at support.
I have a tight stop of 25pips with a first Target of 200 (8R) .
Momentum is to the upside but I am a bit concerned that a large portion of charts on this website and in the retail community are now calling this buy. (I recognize the risk of manipulation and will use half of my usual position until a point where I can get Price...
My bias for GBPUSD remains the same.
I am looking at a Long term selling (RED Arrow) but these highs price is currently on seem inviting for a stop hunt.
If these highs are hunted and we get failure signs (Pins etc) we should get a medium retracement and continue upwards to trigger shorts that will complete our 2017 portfolio targets if they complete.
WEEK 1 : The Bond/Yields and the currencies (Fixed Income is key)
I must disclose that I am far from an economic guru and I am purely a technical trader. The most fundamental it gets for me is just interest rates.
My studies and personal statistical analysis has proved to me that the interest rate market is responsible for manipulating the currency...
Heres the buy I spoke of in my previous Idea (attached below).
I expect price to continue up as expected but I foresee a move down first at between Sunday and late monday.
I have looked at the Weekly and Monthly price action and I am even more convinced that we should see the pound climb up before a larger macro fall for the rest of the year....
Hey guys I hope everyone had an excellent trade on UK election day! We banked over 200 pips on that one trade!
This week we are focusing a bit of energy on an incoming dollar (USDCHF) short.
The price has formed a nice structure on both daily and weekly timeframes with a series of Lower Lows and Lower Highs.
I am looking for a short around 0.98000 value area...
The pound has approached a daily value area and looks set to go down.
I have entered a short and will take profits at the daily Support and Resistance flip and will thereafter reanalyse for medium term buys.
Look at the bigger picture. View the Weekly chart.
I am a Position trader and as such this trade is only a small portion of the overall trade that is...