as per yesterdays bias price held the 1900 price, took a shot at a short lost 1%, volume based bias is pointing to upside as 1925, and 1950 for potential targets first target would be 3:1 RR and second around 9:1. i play it like i see it, dont ever marry a position, dont ever try to be RIGHT, do what the market tells you or you will never end your day in the...
as long as we stay below 1900-1910 i will remain net short on GOLD (XAUUSD) we are due for a retrace back into the 1700 price but with news coming up we will need to really rely on volume inflow, with that being said using a 100 pip stock for a 4:1 swing for me is good RR i will risk 2% on this and will scale in if i see fit, keep in mind even when news comes up...
buying US30 at current price, last nights play ripped right to our tp, my personal group all made good profits so now we see the market going up on high time frames so i am looking only for buys unless market sentiment and volume shows short sellers coming into the market heavy.
Shorting SPX500 here looking for 2.5/3.5 RR will close profits or move SL to break even when i see fit.
If copper is an indicator...look out below. You guys know I am a contrarian. 2:1 RR 1% Risk. Rinse & Repeat.
Hi Traders! The market is in a downtrend. Let's begin the mtfa with the weekly Chart. Here is it: As you can see there is a descending parallel channel. The price is also respecting two major Support and Resistance Level. This was the most important things for the weekly. Let's move on to the Daily Chart: Here we can recognize a repetitive pattern. The...
Hi Friends, I've been having many people contact me for questions on what trading advice and how I look at the market.I thought I'd make this short video for everyone to help with your trading. Trading doesn't have to be complicated, especially with all the techniques out there. There are basics everyone should understand but I've met successful traders with...
Textbook pullback, retest and fall away? Let's see what happens here...
Nothing pioneering here...just a beauty resistance level being penetrated. I'm watching. 2 hour chart
hi guys may be this is ridiculous for you but this question is still in my head without answer for example i want draw pitchfork from marked candle can i use high and low of one candle for drawing fork ? is this valid ? thank u
I see a couple reasons for this long, firstly: OIL. I see it dropping adding to the CAD weakness. -USD index showing a little strength. -I called this trade is my private group last week, my entry is shown here. -A technical double bottom? -Bullish flag -Gorgeous long lower wicks on the last 8 hours of trading.
#HDFCLife : Hdfclife daily chart had also formed a Bat pattern and currently trading around its prz zone. This pattern is important because its prz aligned with the important price action resistance at 600 levels. Watch price action carefully in the zone of 595-616. At this time, where the market itself is at critical levels, many leading stocks have similar...
GBPCHF overall is downtrending as you can see on the higher time frames (4H and above). We have added a chart image of the weekly and daily charts below this description. As you can see on the weekly chart, Price in march had spiked down aggressively to form a new all time low for GBPCHF. This can signify a possible aggressive rise in price in the near future....
We forecasted this scenario on GBPUSD last week and it is playing out exactly as planned. GBPUSD on the higher time frames (4H and above) is downtrending and is currently trading within a range. We have added a daily chart image and a zoomed out image of the 4H below this description. Price had recently broken out of the strong 1.26500 resistance level but...
EURGBP has broken above the strong .9000 whole number resistance level and is coming back to retest this level. Price overall on the daily chart is trading within a large range. We have added a daily chart image at the bottom of this description. Inside this larger range, price is respecting levels of support and resistance and therefore has been trading within...
EURJPY is about presenting a New Buy opportunity if we are able to have our desired price action formed to take it to the upside. A lot of patience is required in this market . Join me for more analysis . Comments are welcome. Get in touch if you're interested in learning .
GBPUSD overall is in a downtrend on the higher time frames (4H and above). We have added a Daily chart image with notes below this text. Price is currently trading within a range (red lines) and has recently failed to successfully break out of the top of the range. Price is in a small uptrend and close to touching the up trend line for a possible rejection and...