We are looking for price to push in to our support area and then fly off to the moon with the bulls ( even though nothing has ever gone to the moon... all these moon landings are filmed in Hollywood ) :p But i guess that is just another case of people believing what they are told instead of believing something when they actually see it.
The same goes for the...
Now if a trader ever tells you that they have never blown an account punch them in the face! When I 1st started out I blew around £10,000 because I thought I knew best and didn't listen to anyone's advice... I learnt the hard way! Do you want to learn a 10k lesson? thought not haha.
On my journey I had to cut ties with lots of friends and family because they...
I have just been to KFC and they said they have ran out of chicken... what is the world coming to?? Somebody is getting the sack haha ( this is a true story )
Anyway enough about my lack of chicken and on to this trade... As you can see I recently posted about the big drop we were going to have on Friday because of the monthly resistance... your welcome ;p Now...
August 2016 was the last time Gold found its way higher than this zone, so we are expecting resistance once again and possibly another big sell off.
Start thinking like the big traders.. because this is where they have obviously set sell orders before so what makes you think they haven't this time? if they have we will have a large movement very soon.... Then we...
Simple to understand... no indicators.... no bull#hit.... price bounced recently off a strong support zone and we are expecting it to make a run up to our resistance zone, is that easy enough to understand?
So why do people complicate it with so many technical words? Yes I know the technical terms but I like to make things simple so people understand and can...
I think that as the market opens, we will see a slight increase in price followed by a slow downward trend. This will lead to Fridays short term support of 1338.53 being tested and if we see this support broken, price will most likely retreat to the 1330-1334 range (light blue box).
Following this the market could either reverse and gain momentum, heading...
The biggest secret in Forex is APEX FX are the only team you need ;p But on a more serious note carry on reading below.
All you need in trading is to KEEP IT SIMPLE!!! All these so called gurus or signal providers you see with charts that look like an explosion in a paint factory are really clever advertisers or just s#it traders.. They try to make charts as...
I will be looking for shorts @ the 1306.000 zone, my TP will be 38.20% or 61.80% of the Daily retracement level (check previous post); from here I am expecting a continuation of the daily rally following the break of structure. There is also an inverse head and shoulder formation on the 4H TF which is added confluence for this trade idea.
All feedback welcome x
TMC
I am anticipating a break of structure of the daily (down)trend. I will be looking for shorts around the 1306.000 zone (which is also the D completion of the 2H bat pattern) before going short.
My bias is that price will retrace to the daily 38.20% or 61.80% retracement level before continuing its new rally.
Feedback welcome x
TMC
After 5 days of bearish pressure we are looking for a pullback into our green zone ( support / resistance level ) Already today the bulls have taken charge and are pushing price up to this level.
Once price hits this level we will be looking for a bounce and further bearish movement, but we will only take this trade if the opportunity presents itself.
Only take...
Purple box is TP1, Green box TP2.
You can see that price respects our levels really well on gold, these are levels that have been drawn on our chart for months and price just keeps coming back to respect them time and time again making it easy money.
Now we have loads of news surrounding USD throughout the day so I would trade with caution as there will be a lot...
Gold finally showing direction, but will it last...
So last week I suggested gold was treading water looking for direction. Well a mighty push up of $22 on Friday seems to have confirmed it has found a positive direction, but will it continue?
On a technical basis there are issues as can be seen from the notes on the chart above. On a fundamental basis there...
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