Well, folks, looks like I was wrong in my BITFINEX:BTCUSD analysis yesterday. The downturn was much harder than I expected (pink line). I'm glad I didn't buy!
The question is now: how much lower will it go?
Indicators:
The MACD is telling me that this isn't over yet. The lines are fairly separate and I expect they won't get together again (to start an...
beginner whos trying to hold himself accountable for trades/ not over trade by posting - all critiques/ criticisms welcome.
Spotted a Head and shoulders with a rising confirmation line. Trend line broke easily through two key levels. Will enter on a buy depending on clean break and the pullback. Targeting next major resistence at 80.838.
A Trading system so good, A child can do it
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Giving out free game to those beginning I’ve been trading for about two months wanted to post content and bounce ideas and brain storm with like minded individuals ✅
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Fixed SL ❌but open TP ✅ when it’s BLUE ♿️🥶It’s up to you👈🏾👀
————— 🚧ALWAYS PRACTICE PROPER RISK MANAGEMENT 🚧————-
The stock is currently trading at a very low price. With the help of some normal indicators and trend lines, it can be found that stock will be positive in this and next week too. Stockist RSI indicator indicating a rise in stock.If Strong Bullish Heikin Ashi Candle on the support as shown on the chart then trend reversal is definitely possible.
Nasdaq made new highs last week and had a rejection at the new highs. The fundamentals played a huge part in this... Even though I expect more pull back to the downside, my charts shows me that Nasdaq is still in an uptrend. It may change but for now, it still is.
Price nicely jumps from our support line.Our RSI making nice divergence higher lows which means price should reverse up + my old friend Aroon say we are on the way to up trend i think price will move above top trend line if im looking at fundamental side of the trade theres is still big protests in America which means economy of America will decrease from other...
I have displayed a good entry point for a short and for a long. As a day trader, I go with the trend but also trade pull backs... I am neutral and waiting for an entry. VIEW TO SEE WHAT TO EXPECT
Hello all - DuncanForex here with another trade idea
With USD seeing short term strength on Forex pairs (not metals)
On the 5 minute chart - it has just completed a butterfly pattern and therefore the trade is live
I am looking for a 5 to 1 with a wide stop and 10 to 1 with a tight stop on the 5 minute chart.
On the 4 hour chart - it printed an bullish...
Lessons from an experienced trader.
Lesson 1. Never scalp.
Although scalping seems to be the most profitable and best method in today's market, it is certainly not. Scalping is the hardest method to achieve a consistent performance. High frequency trading firms scalp, but they have many advantages over the retail trader including direct access to exchanges,...
Just a beginner stepping his foot into the forex world. I marked up the charts and wanted to add my 2 cents in on the idea gold has a strong uptrend line of support & resistance thinking it will hit its peak sometime tomorrow or next week tuesday due to the holiday. Correct me if im wrong or add you're 2 cents in ! Thanks guys, may the pips be with you. Happy trading!
Good morning traders and happy Thanksgiving. My name is Paul and I am looking to get involved in day trading and swing trading. I have been doing a lot of research and I believe I have finally come up with my first support and resistance chart. I know it is very basic, but i just wanted to see what other peoples opinion was on this because I have no idea if i am...
