ChristopherDownie

ChristopherDownie

Stop losses are a risk management tool that traders use to mitigate potential losses in volatile markets. However, understanding how stop losses work can be complex, especially when considering the different business models of brokers. The broker's business model can significantly impact the execution of a stop loss. Typically, brokers operate under one of two...

ChristopherDownie

WHAT IS SUPPORT AND RESISTANCE Trading support and resistance is like playing a game of tug-of-war between buyers and sellers in the market. Imagine a group of people trying to pull a rope from opposite sides. If one side is stronger, they will pull the rope in their direction. In trading, the buyers and sellers are like these people pulling on the...

ChristopherDownie

STATISTICAL EDGE A player's advantage in a game of chance that ensures favorable outcomes over the long run is referred to as a statistical edge. Think about a situation where a coin is rigged so that one side has a 51% chance of dropping heads while the other has a 49% chance. When a player wins, they are paid 1, and when they lose, their opponent is paid...

ChristopherDownie

The RSI (Relative Strength Index) is like a tool that helps people who buy and sell stocks and other things to figure out how strong the price of something is. It works by looking at the prices of that thing over a certain period of time, like 14 days, and then putting those prices on a scale from 0 to 100. 🔸When the RSI is high, like over 70, it means the price...

ChristopherDownie

Moving averages are commonly used to analyze and forecast trends in financial data. There are several types of moving averages, including: Simple Moving Average (SMA): This is the most basic type of moving average. It calculates the average price of a security over a specified number of periods. Weighted Moving Average (WMA): This type of moving...

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ChristopherDownie

I did not go into the details of "lagging" as it relates to indicators. Which is a true statement but its a misunderstood statement in the trading industry because most people don't truly understand what that means and also there are a lot of indicators that are leading. However in this video when I say "lagging" I am referring to the general idea in fx that...

08:45

ChristopherDownie

Is higher timeframe really more clean than lower timeframes ? This is just my opinion. Would love to hear what you guys think.

ChristopherDownie Updated 

We are currently seeing some weakness in gold Technicals we have a change of character in the sentiment to the downside We are seeing some divergencies in to the downside in the oscillators Oscillator infliction to the downside Fundamentals We just had unemployment rate read lower than expected at 3.4% ---------------------- On the Weekly...

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Based on a purely technical outlook I am expecting a breakout on GJ. I would assume that price is going to break to the upside

ChristopherDownie Updated 

We ae currently in a downtrend and are looking at levels to establish a solid support before retesting the lows

ChristopherDownie Updated 

While we are currently entering a consolidation the pre trend was extremely bullish so we are still looking to see price continue to at least the next resistance. I have marked on the chart the current point of support where a possible downtrend might start,

ChristopherDownie Updated 

GBPJPY should now push all the way back into the surplus

ChristopherDownie Updated 

We are seeing some weakness in the GBP at the moment with the momentum channel being broken. We are either going to see an explosive move to the upside if price closes above the next resistance or we might retrace back down to the deficit.

ChristopherDownie Updated 

So far each retracement has been around 35%-50% of the impulse leg of price . There is a chance that the current pullback will be the same as the previous two 1H View 5min view

ChristopherDownie Updated 

GBPJPY could be setting up for a retracement to push back to previous highs

ChristopherDownie Updated 

GBPJPY could be setting up for a possible trend reversal or continuation

ChristopherDownie

Current Technicals on GBPJPY 4H There is no directional bias

ChristopherDownie Updated 

GJ could be pushing to next resistance, You can get entries on the lower timeframes