We've been waiting for a correction of the latest push up of the oil price. This break out could be the start of the correction or if the China/US trade talks fall apart this could be the start of a drop in oil. Either way a short trade has to be worth a punt. Naturally you'll have to wait for a short trade set up before entering. Remember If Then. IF price does...
We've just had negative GDP figures for the CAD and an immediate reaction from the market. Here we go through the CAD charts and look for trading opportunities This is not investment advice. I'll update this idea as it develops so follow for notifications. Steve Nixon Trainer & Mentor
GJ is currently displaying a double top. Is price going to push on up or start a pullback. Here we look at all aspects of the chart and fundamental news to give us a clue where to look for the trading opportunity and how to take advantage of it. This is not investment advice. I'll update this idea as it develops Remember IF price moves as forecast THEN we trade...
Hi Guys this is a quick lesson from today's live chart USDZAR. Most people are looking to short the Dollar today so in today's trading Room I looked at this particular chart and advised that you only open a trade once price has pushed lower and given a short trade set up. You'll see from the chart that it was tempting to open a short on a fib retracement and...
May's Government are fending off Votes in the UK Parliament and keeping control of Brexit. The markets idea that Brexit will not happen are fading and the GBP is fading with their hopes. Don't jump intp this but rather wait for a suitable set up and entry. Try other Pound pairs for better value Steve Nixon
This is a follow up to the silver analysis I released earlier this week. I was looking for a long break out and that's what has happened. What next? Should you take your profit or ride through any pullback? If you've missed when can you enter This is not investment advice. Steve Nixon Trainer & Mentor @logicfxtrading I'll update this idea as it develops
With all the talk of a global slow down over the next 18 months this may be a good time to look for a long trade on Silver. Take 7 minutes to see what I think and how you could profit from this opportunity. I'll update this idea as it develops. Follow so as not to miss them. Please remember to share if you agree and a thumps up is a sign of appreciation of the...
i like to trade C waves because they are fairly predictable and impulsive. So any time I see a possible double top I keep an eye on it just in case it gives us a C wave. That's what we have here a possible double top and potential C wave set up. Don't pull the trigger to soon wait for it to turn and use your trading strategy to enter. I'll update this idea as it...
This looks like it gearing up for a push long. We can't say for certain whether the dollar is in retreat yet but we could at least see it travelling sideways for a while within the corrective structure it's been in for the past month or so. Given what happen the last time the Fed hiked rates I doubt they'll be in a hurry to repeat that unless we see some...
Hi Traders I haven't been on here much recently but the intention is to get back into the habit of sharing some of my ideas with you all. In this video I show you the importance of ending diagonals and how they give us high probability set ups. Here we look at the CADCHF pair and I explain why I'm keeping a close eye on it. I'll update this idea as it develops...
Yes we know that Dollar strength is questionable at the moment but we cannot ignore the possible down side to GBP if the UK Parliament votes down the Brexit deal next week. Given the ending diagonal with MACD divergence I would think this is a good opportunity to get short. Naturally we have no guarantee that the pound will collapse but isn't it worth a punt in...
There is still some debate as to whether the dollar has peaked or not. For now I see more down side to the GBP and a potential breakout and set up. Therefore I'm watching this closely for a nice set up and continuation short. This is not investment advice Steve Nixon Trainer & Mentor
The UK Parliament was supposed to vote on the Brexit Deal tomorrow but it now looks like that will be delayed. The Prime minster has delayed the vote because it looked like she would not get it passed. On that news the GBP has started to drop. What will happen next and how can you trade it. This is not investment advice Steve Nixon Trainer & Mentor
Looking at all the NZD charts there seems to be a consensus that things are looking corrective on the higher time frame. On the 1H we could possible have one more wave up before the larger drop. Have a listen and keep an eye on the NZD pairs Steve Nixon Trainer & Mentor This is not investment advice
It doesn't look like the Brexit deal presented to the UK parliament will pass muster. Therefore I see a lot of down side to the GBP in the medium term. Where should you look for the best trading opportunities. Spend 5 minutes to find out. This is not investment advice Steve Nixon Trainer & Mentor
Guys I've been calling the dollar long despite the many calls for it to short. We've just had a long breakout on the index which shows up here as a short breakout. If you're not in this you'll need to wait for a flag Target - break the bottom This is not investment advice Steve Nixon Trainer & Mentor
The dollar has just moved sharply down. Why did that happen and what should you do about it. Steve Nixon
We are potentially looking at a pull back of the dollar in a C wave. In other words the current correction could become a lot deeper. How will this effect the major currency pairs and how should you trade them. Take 10 minutes to find out This is not investment advice. Steve Nixon Trainer & Mentor