Smiler4411

Smiler4411

Entries for this trade are at these fibs level 38.20,61.80 and the 78.60 if it gets that high stops are all set the 100 fib level: 110.828 Targets are all set to different fibs. Question is where do you think it will turn or will it turn?

Smiler4411

Short bias entry:38.20 fib level take profit: -27.20 stops: risk free trade

Smiler4411

Audusd is looking to re-test the 0.70821 level.I don't see this pair being long for long. But the stoch and the rsi are showing bearish divergence. I entered the trade at the 3.82 fib level hoping to take profits at the -27.20 level. If market make it 0.70821 ill tighten stops.

Smiler4411

I use this to give me an idea how the dollar compares to other pairs and here is why I was bearish: Long bearish wicks of failed attempts to higher at this point. Large candle crossing ema and heading to my trending ema the 55 ema Large candle close with no lower wick showing the weight of the candle

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My bias yesterday for this pair was bullish but now its changed to bearish and here is why: The trend of the market is bearish as that's clear to see. The market has rejected the 55 ema my trend indicator stoch is above 60 but its started to curl and point down so that's a indication we might be going bearish Large bearish pin bar allowing me to take the...

Smiler4411

The reasons why I have a bearish bias on this pair is because of the following: The market has first crossed the ema's and heading towards my trending ema the 55 ema so I see this trade as a counter trend trade. The market has as made a large bearish pin bar that I'm going to use to enter the market to minimize losses and maximise profit. Stoch is under 30's...

Smiler4411

What do you think?

Smiler4411

Hey guys this is my short idea on this pair. I'm working between the daily and 4hr timeframes So the market has made a double top on the 4hr timeframe around the 0.236 daily fib level. 4hr- Then made a lower low and now retracing to the 0.382 4hr fib level, that says to me trend continuation. So on the 4hr timeframe if the market continues to push down towards...

Smiler4411 Updated 

Entry:18.81 Stops:17.55 targets:22.25

Smiler4411 Updated 

As the market has pushed down and broken the most previous support level I'm predicting trend continuation from this pair. So how I plan to enter this trade is hopefully the market will retrace a little bit higher towards the broken support level that will now become resistance. Ill place a sell pending order at the 0.236 fib level with stops at the 0.5 fib...

Smiler4411 Updated 

Order set to go long at 1.23782 Stop Loss @ 1.23471 Profit @ 1.24370

Smiler4411 Updated 

Market has fallen through support level and has also fallen under the 100 EMA. Price action has fallen lower than previous swing low. Also there is RSI divergence meaning RSI and Price action don't match up. So if market holds and closes below support level i'll be setting up to go short. Entry: 1.68006 S/L: 1.68726 Profit: 1.66489 Good Luck Trading

Smiler4411

Trailing Stops should you do it Yes or No? My answer is yes and no, because everything you do in trading should be tested!! Before you trade a dime. You should have a good idea how your trading plan and strategy is going to perform and what the humps in the road look like so you don't bail on your plan when its going through a rough patch. Now I TRAIL my stops,...

Smiler4411 Updated 

Order set at 106.945 stop loss @ 106.578 Profit @ 107.802 and 108.537 Happy Hunting!!

Smiler4411 Updated 

Order set at 0.059157 Stop loss @ 0.053855 Profit @ 0.065480 Happy Hunting!!

Smiler4411 Updated 

Short Opportunity Order set at: 1.68128 Stop loss @ 1.68750 Profit @ 1.66520 Happy Hunting!!

Smiler4411 Updated 

Order set at 1.5590 Stop loss: 1.5665 Profit : 1.5390 Be patience and be mindful that market is nearing the 100 and 200 EMA's so we might get a bounce and continue bullish. Happy Hunting!!

Smiler4411 Updated 

Order set at 111.951 Stop loss @ 111.530 Profit @ 112.980 Happy Hunting!!