Bitcoin Wednesday Update Key Levels Today Altough we made over 500 points on the downside yesterday and 200 or so on the upside the last long from from 10755 went wrong and we were stopped out for around a 50 point loss. Sorry for that one. Bitcoin has since fallen away and back down the same parallels after making lows at 10400 on Bitfinex in Europe. A...
Bitcoin Monday Update Next Buy Points on Monday Those that ran a trailing stop 50 or so points under the little dynamic supporting the lows of the day yesterday will have been stopped out around 11500 for 400 or so points profit. 4% returns on a slow Sunday is not bad but it was a hard grind battling against the bots. Bitcoin has encountered upside problems...
Seeing a potential long on Iota as it approaches an important support. Check out my youtube channel here: www.youtube.com
Correction pattern. Reversal seems valid. Trend based long
As you can tell my bias has changed on GBPAUD simply because it did not respect the counter trend line like I had expected it to. Now, we're waiting for a break and a retest of the thick black supporting trendline to see out 1:3.5 R/R Short entry.
All double tops/bottom are not created equally. but this time, we're expecting the mean reversion back to 19.50s. A couple of accumulation bars on the day before, which could be slightly toilsome to get back under. It's going to happen regardless.
Markets a tad bit stale right now (imo), but we can still scout around for decent trades. I'm looking for a retest of .00034s/37 , at the moment, the accumulation phase looks lackluster,but once the momo picks up(AFTER 38s prove to be support)should see a swift move to 47s
I will look to add to short positions if rejected where the arrow shows, downtrend backs the idea. I will update with some likes!
GBP/USD fell down yesterday and broke down the lower boundary of the consolidation. The move was abrupt and on large volume + two new resistance levels were created. The first one 1.3184-1.3204, the second 1.3124-1.3145. Both levels contain increased volume. Given all these facts, we should consider exceptionally short positions. We can enter the market after a...
New Month! Typed a whole explanation... Trading View Bugged out and deleted it... So... screw it were selling.
EUR/USD uptrend is still very strong expecting another push past the current high at 1.20923. Risking 50 PIPS to gain 125 PIPS Good Risk ratio trade. Lets see how it plays out Finally Never Forget that this trade can be wrong and there is a random distribution between my wins and losses so leaving all the emotion out of this trade.
Just to keep everyone in the loop, i am waiting for a deeper retracement and its pattern. However the 15min one is still valid until Point X is broken so have to decide carefully!
Sometimes patience are not always rewarded but it is part of trading which I need to accept. My game plan was to long Gold (GCZ2017) if you have been following my trade ideals. So far, besides the occasionally test on 1288-90 then a false break on Fri early price action which might have been triggered by stop loss orders, there wasn't much trade i'm interested...
It's been a while since I posted on here but I gotta give back to the community for it is this community that build me up. So one of my set ups for this coming week; check it out and be a part of the movement. Remember trading is like any other business! Calculate your risk well, find the right point to enter the market and ensure greed is not a factor of your...
Risk of capital : 2% Action: Sell at 0.7374 T1: 0.7323 ---- T2: 0.7268 ------ S.L: 0.7412 For more details about the trade and all Stats since start of journey (May 11) goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance on a single trade. And If you are a...
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...
Action: Buy limit at 0.9660 T1: 0.9749 ------ S.L: 0.9615 If we reach above 0.9710 before triggering entry the trade will be cancelled. Unless I stat otherwise in updates. This Trade will have Risk of capital of 2% For more details about the trade and all Stats since start of journey (May 11) goo.gl Disclaimer: This is my trading experience, it is not...
Action: Sell Limit at 8.477 T1: 8.407 T2: 8.308 S.L: 8.516 This Trade will have Risk of capital of 2% For more details about the trade and all Stats since start of journey (May 11) goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance...