Got a short signal using a Sell Stop.
SELL STOP
Entry Price: 132.759
Stop Loss: 134.469
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I took this entry signal however when the new candle opened price quickly moved down thus changing my SL pips and size. The new calculated size was not the minimum contracts that I can trade -AND- due to the Fear of Missing Out I still entered anyways. I technically forced this setup since it originally met my criteria but I wasn't fast to the gun and the...
This was a well executed trade. I waited patiently and executed for the most part without fear. I wasn't thinking while executing but more so focusing on my process. I've adopted the belief that "getting into the habit of taking profits off the table, discipline" is a useful belief. It caused me to close the position at 11 pips profit. I believe this to be a...
Fundamentals:- The USD has been surprisingly bouyant considering the recent Employment data and the fact that Trump just pulled out of the Iranian Nuclear Deal. Although the Iranian deal may be a financial positive for the US it should still send investors flocking to safe haven currencies such as the JPY. I would like to see some more downside pressure on this...
Fundamental Analysis:- We are looking for a weaker GBP next week as CPI is expected to drop slightly y/y although this will not have a long term effect on the value of the GBP; Brexit negotiations could still weigh heavily on the GBP. There is talk of a second referendum if Parliament don't get the deal they want to leave the European Union which could effect the...
There are two strategies to short this:
sell cypher pattern @114.496
and/or
sell via 2618 short entry at the 61.8 retracement. Also one could short a bit higher for better R/R. Those two strategies can also be nicely combined with taking normal initial targets for the cypher pattern and taking secondary targets 2618-trade style at the very lows.
We printed a nice double top on the daily chart, followed by a break below previous resistance. Starting from the 61.8% retracement we can look to short now for a retest of previous lows around 85.00. Today we bounced off weekly resistance around 88 which is an initial sign that a revarsal might be in the cards.
We had an inside bar last week and broke out to the upside on Monday, only to get rejected. Today we have seen the break of the opposite of last week's inside candle. Now a strong move to the downside can be expected - I suggest targets around structure at 112 or the 38.2 fib retracement. Aggressive traders could even look for previous highs from July at 109 as...
An analysis of which LONG has the best value against the short GBP to play the Brexit. [
- GBPUSD has a target handle of 1.385.
- GBPJPY target handle at 1.483.
- GBPCHF target handle at 1.335 .
- IMO currently i rule out GBPUSD short, as USD doesnt have the same "risk-off" demand as CHF and JPY. Also USD and GBP economies are perhaps the most highly...
We are looking to short the USDJPY trading out of the monetary policy report tomorrow morning. The market is starting to believe that the BoJ will add further stimulus but I don't think that is the case o at this meeting. Safe haven flows are still a big factor in the direction of this currency pair with the JPY being a sort after currency in times of risk off...
