Beta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated. Sample Alphas are on other side for organised ideas.
Last post: June 2nd. See chart .
Review: Price had bounced off support and the bulls were looking strong again.
Update: The bull revival was short-lived and the bears are now taking price back to support.
Conclusion: We would like to see a reversal chart pattern and for the bull trend to continue. Patience needed for now.
Any comments or questions, do...
Last post: May 23rd. See chart.
Review: The bulls were very much in control of the market when post went up.
Update: Price saw a total intraday reversal which led to a pullback to pivot support. Price is now bouncing off from this level.
Conclusion: Standing aside until the resistance high of May is cleared when we look to add more long trades.
Last post: May 20th. See chart .
Review: A breakout was required to suggest a trend continuation.
Update: A breakout followed was confirmed and further bullish moves have taken place.
Conclusion: A move towards 6.0000 with further opportunities to compound is now probable.
Any comments or questions, do not hesitate to leave them below. Hit agree if you...
Last post: May 13th. See chart .
Review: A break and close above April resistance was required to confirm a trend continuation of the bull trend.
Update: The breakout took place, offering a long entry, and a new resistance high has been created.
Conclusion: Patience needed until the current May resistance becomes support.
Any comments or questions, do not...
Last post: April 23rd. See chart .
Review: Price had pulled back to round number 5.0000 support.
Update: Price has bounced off 5.0000 support. Would like to see price break and close above April high.
Conclusion: Patience needed until the break and close has been confirmed.
Any comments or questions, do not hesitate to leave them below. Hit agree...
We last posted on the EURTRY on April 10th when price had broken and closed above a very significant resistance level in the form of the round number 5.0000.
This would have offered a long entry into the bull trend for the more aggressive trader. However, here at Sublime Trading we tend to apply a little patience at certain areas of support and resistance to...
We posted on the EURTRY for the first time on Sunday explaining that price had broken out of long term consolidation and was trending nicely towards the major resistance level of 5.0000.
It is at these levels where many would enter short positions trying to pick tops. It is a difficult and inconsistent approach as it involves guess work which often leads to...
FX trading is about understanding which group of currencies are in trend and then narrowing down further to the best looking trend structures within that group.
The mistake that many traders make is having an unhealthy attachment to a single currency like the EURUSD or other instruments such as gold or oil, based on the name, and day trade away over multiple...
EURTRY has been clearing up-trending for over a decade. The upside momentum has been significantly stronger in recent years, as seen by the more aggressive trend support lines. How long will the upside continue? Is price finally reaching a high?
The main reason for me wanting to open a long-term short on EURTRY is the positive swap rate. I personally believe that...