Smiler4411

Smiler4411 Updated 

Order set at 2.0369 Stop loss @ 2.0091 Profit @ 2.0868 Happy hunting!!

Smiler4411

EURUSD is approaching an area where we could see some weakness in the market. 4hr timeframe Ive marked out an area where the market has touched the daily resistance level and been rejected. Now the market will either break through or reverse. We also have divergence on the RSI tilting my bias to the short side a little bit more. But EMA's are under the price...

Smiler4411

This trade looks 50/50 to me right now. Pro's: Broken resistance level In trend structure levels for profit targets Bullish RSI divergence Cons: Under the EMA's meaning the underlying market is bearish The candle stick formation looks weak I'm going to sit on my hands and wait for a stronger signal to buy or sell.

Smiler4411

I've found for me that on the daily time frame the RSI on a 7 period, close works best. I've made it a part of my trading strategy to check for RSI Divergence either bullish or bearish before placing a trade. What is RSI Divergence? Now RSI divergence is when the RSI doesn't correlate with the price chart, meaning that price action and RSI are not in sync. What...

Smiler4411 Updated 

USDCAD has broken out of the channel. My bias is to short the market to the next structure level. S/L:1.29106 P/T:1.26663 Keep you trades simple!!

Smiler4411 Updated 

XRPUSD joins Bitcoin and falls through daily support level. If the market stays below this level broken support level I will enter the trade on the open of the next candle. I'm aiming to hit target, but will lower the stop loss accordingly as the market falls to minimize risk. S/L:0.84077 P/T:0.66428

Smiler4411

Market has broken out and retested structure level so i predict that the market will follow the trend. S/L: 0.9543 P/T: 0.9374 Keeping trading simple!!

Smiler4411 Updated 

This is one of my trades I previously took using the analysis I use for most my trades. Use a trading style that best fits you, I use the a simple breakout method because that's what works best for me. Knowing how to read a price chart is key and once you can do that, you'll be free to pick whatever strategy you like. Keep your trades simple.

Smiler4411 Updated 

BCHUSD has broken structure level. Entering market next bar by market to the short side. S/L: 1092.80 P/T: 878.09 Keeping trading simple.

Smiler4411 Updated 

Bitcoin has broken a weekly support line. My bias is now to short the market and to enter the market on the retest of broken support now resistance. I've identified a previous support level that marked by the red arrow to place targets.

Smiler4411

EURSEK has broken out of channel, allowing giving us a opportunity to short the market. S/L: 10.23529 P/T: 10.00165 Market entered on the retest of the broken support now resistance. As the market falls i will cover bring down the stop loss to minimize risk and will eventually be in a win win situation. Keep your trades simple.