USD fundamentals have become interesting with the Fed taking an increasingly hawkish stance with interest rates, unwinding QE, and speaking highly of US economic growth. The US govt's stimulus plans also likely means US debt will increase through sale of more US treasuries, and holding this debt will become more interesting to market participants as wealth...
Here is how to properly trade the cup & handle reversal pattern. Details are on the chart. +1 if this helped! Comment if there's something you want to learn Happy Trading!
In this video I discuss, using a recent live trade, how dynamically managing trades is superior to the "set it and forget it" approach to stop loss and profit taking levels.
This is my trading plan. You can look through my published ideas to look at other examples. I need 3 reasons to enter a trade. 1. A clear direction. I use 3 emas 50, 100, and 200 as shown in the chart.(Required) 2. A horizontal support/resistance area. (Required) 3. Price retrace to one of the emas to act as resistance. (preferably than fib) 4. Fib continuation...
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". Last week I published a small "idea" for a quick scalp on the CADJPY. I noticed an uptrend that I didnt expect to go past a...