Ladies and gentlemen, it's about time i come clean here and share with you my secrets of success in trading the stock market. It is no secret that many expert traders make outrageous claims about the market not being perfect and that it can't be predicted, and that it will always be 50/50 percent chance of success and failure. Well rest assured that their claims...
A break and close above 141.70 resistance will open the way to resistance 2 @143.00
Bullish as long as price trades above uptrendline and support 140.80
High Probability trade of the day
Long EUR/JPY @ 141.40
Target 142.50
Stop Loss: 140.90
Notes:
Bullish divergence observed on the 15 min chart
Possible inverse Head and Shoulders Formation
Price broke above the cloud (Bullish in 15 min)
Well mates what we have here is a little short for the night.. looking to grab roughly 150 pips from the short with the pair.. Will wait for price to complete the downward leg of the harmonics, and retrace to the 23.6% Fib to enter short in that zone. Stops in the 50% retracement zone for a max loss of 30 -40 pips.. R/R Ratio at its max is 1:3.75 . Some event risk...
See the chart for engulfing candle day trade strategy. Risk is 1 to 1 so it requires more winning trades then losing.
A manual back test of the strategy looks impressive over the last couple of months.
Technically i think 1300 will be the best price to buy precious metal by putting stop below 1295 and target 1310 as first then 1315. As RSI is also crawling above 50 which is quite bullish and other technical indicators are also in favor of buy signal.
IF A COMPANY HAS CONTINUED GROWTH IN A CHANNEL WITH FLAWLESS STRENGTH AND A NICHE MARKET FOR A PRODUCT USED AS NECESSITY IN AN ECONOMY STRUGGLING TO FIND PRODUCTION YET PRODUCE OIL AND GAS WHICH IN TURN GASOLINE RISING AT THE PUMP AND CORN BASED ETHANOL OUR ATTEMPT TO GO GREEN IN A DIRTY BLACK FOSSIL FUEL LOL. THE GOVERNMENT MANDATES A PERCENTAGE IN EACH GALLON...
The EURUSD is attempting at a new high in the recent days and I fully expect a retracement back to the 1.36210 level which will provide a nice shorting opportunity.
This I expect it to rise and possibly bounce through the tested resistance level and have it become a weak support line.
The Stoch is in overbought location and looks to be heading down which is good...
Bounce off the trend line support that is also a major support line.
The Stoch is hovering in Oversold and the MACD is starting to turn around after dropping down strong.
If you want to do a quick short scalp and then ride the LONG position for a few hours that should be possible.
Cup and handle formation is forming. I would wait to get into it until it fully forms but looks like it will be a nice play for a good profit. If it does drop below the formation of the cup prepare for a nice short position.
The AUDUSD is forming the right shoulder as we speak. I am going to make a small quick play on the AUDUSD LONG until it finishin the formation of the shoulder. Then I will SHORT it until we get to the support line deciding if we keep going down or rebound to new highs.
Bounced off long trend of support and will head back up to next resistance spot!
Plus stoch is hovering around oversold and looked to be reboudning soon.
Testing support for the second time and looks to be rebounding up and heading in the other direction for a nice scalp.
The Stoch is hovering around the oversold position suggestion a nice LONG scalping opportunity.
Nice channel bounce back down for a decent day trade with decent profits.
Also STOCH is hovering in over bought territory suggestion a nice scalp down as well.
Blew through support 1 as the STOCH hovers around the oversold area. MACD is also heading strong down and it blew the current channel as well. I expect to drop to test next channel resistance.
