BCHUSD Update Trading Strategies Today We were short from 1346 back to 1245-1228 range for a quick 100 point win but then reversed here according to the plan (top left) - we were looking for a wipe-out to 1286 and hena bounce back to the line above it on chart and then the big collapse. It went OK, but the low at this point was 1274 (so stops which were way too...
GOLD XAUUSD Strategies for both sides of market Gold is now delicately poised - to say the least. Am closing out the long at 1274.75 for just under 4 points as it looks like it can come back again to the lineof last support at 1270. This entire pattern all month looks like a continuation pattern, prior to gold crashing back to 1203 level. But gold has been...
AUDUSD > Area of interest > 0.77462 - 0.77542 Oanda 10/13/17 closing price @ 0.78860 w/ increase @ 0.88% Pullback to S2 / S3 levels is required for set-up to remain valid. Buy Stop Entry will be placed with further confirmation and if analysis rules/strategies are met. Potential Targets: T/P 1 @ 0.78676 T/P 2 @ 0.78894 T/P 3 @ 0.79987 * Personal analysis...
Hello. Reached 5200. Ofcourse i can draw resistance like one the screen below, but i dont think that this could be predicted. Volume falling, divergence forming, good possibility to correct, my periodic theory says the same. However, chart should be drawn a bit more to finish this figures, 2h frame tells about this too . So according to channel it`s possible to...
It is necessary to point out the new resistance level 1291.60 - 1294.20, which contains large volume that has stopped the growth of the price. Now gold is trading a little bit below this mark. Given the sure growth we should give preference to long positions, but only after a breakout of this fresh level. The move should be sharp and supported by increased/large...
The pair has finally come out from the consolidation and now is trading below this range. The move was pretty abrupt and was supported by increased volume. Also we need to point out the level of resistance 0.7811, where large volume is concentrated. Given the facts above, we should open short positions after a smooth upward correction to obtain a better price for...
I should have bought long HERE when the Heiken Ashi changed direction, but I missed it. But I'm still in profit. I entered on the big green arrow. "Buy the dip" on a bullish run. Use Heiken Ashi for a smoother entry. There's only 3 rules for this method. 1.Define Trend 2. Wait for pullback 3. Enter on first candle after the pullback. So if you have an overall...
I'm looking at a triple bottom on AUD/ 15 minute chart, providing a potential 2618 opportunity. If price action can come into the area of the 161.8% inversion of the third bottom (an extension can also be used from the mid leg of the triple bottom to determine the 161.8%), this will provide a potential 2618 buying opportunity. Entry will be between the 61.8...
WTI dropped from 52.00 level and gave us several sell signals. You can see how Ichimoku indicator should be used for searching trading opportunities. I marked entry levels for possible short trades. We could sell everytime when price bounces from Tenkan and Kijun lines. RSI and candlestick patterns could confirm price reversal. DMI showed trend market conditions...
We are Bullish on this pair based on ; 1) Bullish signal generated by our indicator 2) Major trend line broken 3) We are in the retesting phase 4) Bullish Flag on 4hr TF
There is a strong reversal occuring on the GBPAUD pair. Follow the simple 5 steps of the strategy. We marked each area of the strategy on the chart as it happened. This strategy is a great way to identify reversal trades on any time frame.
Proof of the Mumbai Scalper Strategy.... Not a huge advocate of scalping but can come in handy when your medium/long trades are playing out. This Chart shows a sell scenario. this shows that when the Parabolic SAR is in a downtrend we wait for a confirmation of the stochastic oscillator to cross the 80 level, when both of these criteria's are confirmed, place a...
A long call option in the VIX has been over-crowded for sometime, instead taking a queue with the VIM2017 for June futures was more logical as it has also been over-due for a correction before June'17 expires by the end of the 2nd quarter trading. The motivation has been identified to be a technical Island formation and the fact that a third price swing above...
When someone talk about a smartphone, what is the device that your mind start to thinking?! In june 2007 the first Iphone was released and it becames immediatly the most loved mobile of all time, in fact when a new one is coming people are ready to literally camping in front of Apple store. The chart confirm this Trend, the popularity have started to rise since...
DAILY FINANCIAL WISDOM: "Beginning traders dream of wealth. True traders dream of consistency..."
Some of the following ideas are based on concepts outlined in this link: forexformation.com And, from the book "New Concepts in Technical Trading Systems" by J. Welles Wilder, Jr. In my previous ideas on renko charts, my main goal was to identify price consolidation based on ADX and then trade the breakout. In this idea, I'm going to add another concept which...
3 basic variables to measure your trading NUMBER OF TRANSACTIONS, TRANSACTION SIZE & ENTRY INCL. EXIT have a much better trading year 2017 as 2016 Aaron
3 basic resources for trader TIME, MONEY & JOY OF DECISION have a better trading year 2017 as 2016 Aaron