It's been a long time since I've posted anything here or even traded on my live accounts.
As a first, I've just opened a long position on GBP/USD for the followings reasons:
As Brexit talks are heated more and more traders try to a anticipate the course of the sterling.
As seen on the daily chart we have a very strong engulfing candle that...
As you can see it on the chart we have a strong support 'area' where the 200ema and my dark red horizontal line cross.
If price can break above the orange-ish line, then, a good long position can be placed - although the red downwards trendline can stop it.
Let's see how it goes - today is a very calm day, I do not expect any major movement.
Today's first - and maybe only - trade is a gold buy on Daily Chart.
You can see that according to my view I am speculating to reach the previous high.
Risk/Rewards is 1:1.5
Do not expect any huge movement today, as many markets are closed.
So, I have been following this little bad boy for 2 weeks now and I felt like entering finally, not just watching.
Judging by technical, a reach to the top is highly likely, although, here it does not matter, I still bought some 'coinses' at around 2400 with friends-
Good luck to us!
I have summarised some reasons why to buy euro even now, please read in the related article - eurjpy where I have a long position as well.
The White Line @1.12620 is very strong - this might stop me
My trendlines show that I have a higher chance to go up - but anything can happen
Risk/Reward is at least 1:3 - let's see how far we can go - if we can go...
Today, I have found a very good setup. Now, I already have a long position - for testing purposes.
What I see is the following:
On Monthly Chart there is a huge double bottom
Both Weekly and Daily Chart provides information of going long on this pair
We know that Euro has overachieved almost every G10 currency with an advance of 6%+ this year...
I just quickly want to recap what might be happening on GLD now!
It is forming a very often seen breakout formation.
While I'm speaking it's already moving higher.
I believe that if the white box is left, it's a good place to buy.
The two red lines are support 'areas' that I use to predict possible changes in the price.
If price does break out, I...
Last idea of my S&P500 Analysis.
Uh, ah, we have so many lines, don't we?
All of it comes from the monthly and daily. This is how I analyse. No magic, no bullthsi.
Concentrate on the white box from Daily chart. You can see that the price is ranging for like, what, almost 3 months!!! Boi, that's a long time. It shows that there is going to be a huge breakout -...
Let's continue with the Daily Chart.
I know, I know. Waaay too many lines. Don't worry, you'll get it.
So, we are looking at the year 2016 up until now. You can see that since Trump's victory in last November price can't be stopped.
Technicalwise, it can be clearly seen that the ups and downs were formed like in the book. Now, the two red lines show that the...
Today, I will be analysing S&P500 coming from Monthly chart, down to 1H chart.
As you can see SP500 has been on a good track of going higher and higher since the 2008 crash.
What we can see is after the 2009 dip it has achieved ATH's day after day.
Right now, we are aiming at 2500 - in my opinion this is a highly likely scenario. Now, I don't...
So far, we're on track. Attached find the yesterday's bounce-up-break-down idea.
Now we're going to check whether we should sell (60%) or buy (40%). Why?
The double top that was mentioned yesterday had been done perfectly, now the price is at an important key support level. In my opinion, the price will reach the grey line and then bounce back - the...
Yesterday, we were buying EURUSD with a good 1:3.2RR win.
Since then, my view has changed a bit. Let's look at this 1h picture.
Reasons to buy:
It's still going higher, making new highs and new lows (we call it an uptrend)
The trendline is still valid and acted beautifully when it came to hold the price
This retracement can be retest of...
As stated before (check the related idea) I am now going LONG on USDCAD.
Some things to consider again.
In my opinion, it's a good buy position, although this has not been confirmed, YET. The reason I have taken the trade is because I like risking and checking my ideas. Today has been a good day so far, closing more than 1:6.5RR so this 1R loss IF happens I...
Okay, a long-term trade for Monday. I'm thinking of going long on USDCAD very soon, reasons are the following:
It has an incredibly strong support/resistance level @1.35
It is being traded in an uptrend channel and
Right now it is at the 50% of the channel and
50% of the Fib. Ret. which I love to use - bit differently
These are just...
Let's see a scenario for AUDUSD LONG.
Very strong support/resistance @0.745 - white line
An upward movement for 7+ days
A valid trendline that holds the price
Now, even if we have these good points we can't just look at the long side. I will only take this position once the price hits the 0.746 or even a bit higher.
The safest place...
A very good buy opportunity is being formed on GLD.
Reasons to take the trade:
GLD is coming back from its dip that happened last week
A strong trendline has been holding the price - acting as a good support
Candlesticks show bulls taking over the control