I would assume the majority of retail is fighting this trend in hopes that they will catch a big reversal and for that reason, I will continue to buy the dips with the market makers.
I would like to see a significant pullback as illustrated before I look to stack up the buy positions.
So now we can see what has happened and what went wrong on our trade yesterday. We can see how price pushed up through the zone to gather more liquidity. The price faked out through our zone, trapped the buyers and reversed. Nothing to worry about - only a 1% loss. IF he had a higher stop loss we could have managed to stay in it. 1925.00 was a key level for gold.
Morning everyone, as shown visually on the chart when the price comes to the round level of 134.000. Wait to see how it reacts and try to get filled for a 50 pip buy scalp on GBPJPY.
entry: 134.000
BUY
TP: +50 pips
SL- 25 pips
Here is the follow up to the previous post and the prediction I made. NZD news helped reach the target faster. Amazing R:R of 6:1 as the stop hunt was very shallow, but that's basically how it is done. All the people who went long earlier and got stopped out must be feeling pretty sad now. I'm happy with this trade.
This could potentially turn into a stop hunt. As we see price created the illusion it was bouncing off support (see the blue arrow), and has now returned and broken below. 95% of retail traders are told to buy at support and sell at resistance.Guess where they are also told to place their stops? Right at the dollar sign. Liquidity the banks need to fill their...
Quick one for this morning, please comment your thoughts (opposing or agreeing as happy to read peoples thoughts on my analysis)
Dollar should be at the forefront of analysis when trading Dollar pairs. Why? Because Dollar is King.
Following on with a tonne of breaks in daily structures on the likes of Cable and EUR/USD, we are likely to see some what of a...
Not that I have too many views on these posts nor do I post very frequently - But my recent post regarding the dollar index has been a hit so far in terms of accuracy and precision with what the market has currently done. Irrespective of any of the news related movers, price has done as planned. Those who read my previous post about the DXY will have seen this...
TraderBH345
LEAKED DOLLAR INFORMATION!!!!!
U.S. Dollar Currency Index (TVC:DXY) 99.22 0.01 0.01%
TraderBH345
just now
14 min 37 sec left to edit idea
Beyond Technical Analysis dollar DXY CFD (US Dollar Index) futures profit smartmoney monthly charts beastmode
just now
For all you bulls on the Dollar, you may want to reconsider.
We have reason to believe that...
The cable is currently experiencing a huge sell off, i was holding several shorts yesterday and managed to make just short of 1000 pips. however, with that being said i feel that anything that is either vertically up or down creates no stability in the markets, which then leaves huge gaps in large orders. If you on the third of may we had a parabolic move to the...
Pair closed about major level 147.50 and retested area and formed new highs.
Has retested the trendline(BLUE) which is also a major level and is headed to close above 147.50 on the daily and the 4 hour.
Monthly key level, uptrend line and 61.8 fib confluence.
With the MA crossover we should see the pair start a bullish move to 156.50 to test for new highs....
