As the week comes to an end I would like to leave an important lesson on how important it is to look at the higher timeframes.
I've struggled in the past simply because I would not pay attention to the bigger picture and not respect it enough. When you begin to add this to your plan, you give yourself an advantage that most traders do not consider. Most want fast...
Due to the success of my previous idea on EURCHF called 'EURCHF with a different approach' that ended up working perfectly, I have decided to post another setup of this series for EURUSD.
Please read the notes in chronological order, from 1 to 6.
If you have been following me for a while, you already know that I am heavily bullish on the dollar, simply because...
Never been a fan of using trendlines or patterns when dictating price movements, but this looks to be a good example where one could gather several confluences to get the trade working with a higher probability.
Not the highest quality formation since it's a RBD which has also been tested by a previous zone, however we are at extreme levels of the curve. If this does break, however, I would still expect gold to go down. To me, it is highly uncertain for gold to break 1440 as that region has been well-respected since 2013. Long-term short target would be around 1200.
My second video is here to show you the importance of multiple timeframe analysis and confirmations. With EURGBP's strong move up, I was interested in finding out what was the reasoning behind it, and have been able to find three confirmations that led to the move up. I also show you a trade setup of USOIL I posted in the past, where I had done the same kind of...
Most people are support and resistance traders, but they fail to understand why their setups fail. Because institutions know where the majority of people are trading, and will attack these areas when appropriate.
Are you a support and resistance trader, or supply and demand? And which do you prefer?