Monday again and our strategy has already picked a trade on the pair covered in my idea last night.
The pair in question is EURCAD working the 30M time frame.
This short trade is well underway and at the bottom of this idea are the year to date stats on trading this pair in the manner I do.
The strategy in play is adaptable to any instrument...
Hope the weekend has helped you all recover from that crazy month end.
Quick share from me on a pair that has been super solid this year and was the calm in the last few days of the massive market moves.
The pair in question is EURCAD the idea I'm sharing is on the 30M time frame.
Thanks to our strategies built in back tester I'm able to share...
Are we finally seeing some NZD weakness?
Our algo thinks so and had presented a long trade on the EURNZD pair.
I entered this a few hours ago and looks like it's starting to gain some traction.
The trade in question is on the 30M chart and has a risk reward ratio of just over 1:2
As with all my ideas the back test results can be found at...
Our strategy originally presented a sell on the pair in question at 6am UK time.
However as the market shifted a valid buy trade is now live and trending in correct direction.
We are working the H1 time frame here to a RR ratio of 1:2.5
I know from the built in strategy tester this pair was profitable all last year trading with a ATR based...
Before I log of for the day I just thought this would be a good opportunity to show how I've traded this pair over last 5 days.
Crucial bit here however is I haven't carried out a single minute analysing the chart for this pair in any form over those 5 days!!
Our strategy has simply allowed me this luxury of not having to analyse and judge where...
After a long trade from Friday completed on this pair yesterday and now out strategy says it's time for a short trade.
That's how simple this strategy is. We simple follow and trade what we see.
Strategy is set here working the 30M time to a 1:2.5 risk reward ratio.
How do I have complete confidence in the way I trade this pair?
After a winning long trade on Friday our strategy says a short trade is now valid on USDCHF.
We are working the 30M time frame here with the strategy set to a 1:3.5 RR ratio.
Now I don't recommend jumping on random TradingView ideas as that is no way of knowing if you are trading with a proven EDGE.
How do we know we have a proven trading...
Our strategy has started to present trades on our charts as the London session gets going.
Here we are working the EURCAD pair on the 30M time frame with just below a 1:3 risk to reward ratio.
I don't recommend jumping on random TradingView ideas as this is no way of knowing if you are trading with a prove n EDGE.
Our strategy allows us as...
Our strategy has alerted us to a long trade on EURGBP .
Working the same strategy as this mornings posted idea which was a short that hit take profit target.
We know have a long trade in progress on the same pair.
We know this strategy is profitable on this pair and have the back tested data at the foot of the idea to prove it.
1) Weekly & daily trend is up as per 200 ema and ichimoku cloud.
2) Inverse head & shoulders decisively changed the market structure from lower low to higher lows and highs.
3) On faster timeframes, price taking support on previous resistance actint as support showing conviction of the market participants.
4) Successful break & restest of trendline on...
1) Monthly, weekly & daily trend is up as per 200 ema and ichimoku cloud.
2) Decisive break of monthly upper trendline.
3) Higher highs and lows on the daily.
4) Previous resistance acting as support showing conviction of the market participants.
5) Small stop and bigger possible targets.
Kindly trade at your own risk.
Good Luck 😃
This pair broke beautifully out of this setup
Next candle retested and succeeded, giving safer entry point
Broke to upside hit resistance, like most FX trades do, they swing back and take stops that have been moved to trailing stops
Then they accelerate upwards again!
Looking for more clean setups right now...
If you are in this trade, my take profits would be...
EURUSD H4 - Currently pushing a key resistance zone, we have marked and annotated the monthly key level, resistance zone and 1.19 whole number, usually we would look to short this, but DXY is looking weak and we may be ready for an upside break, we have an ascending trend too, with sellers losing strength each time we push 1.189, breakout may be imminent. A break...
EURJPY H4 - Gains seen for the EUR off the back of ECB and Lagardes comments. She's pushing she euro up nicely to break the previous S/R zone at 125.400. Hopefully we find resistance around that 126.650 region.