Hope all is well, I think I'm beginning to know what kind of trader I am and probably found my sweet spot for my current lifestyle. I began to start looking at the bigger picture therefore giving me more room to breathe and testing my patience in this trading universe we are all in. so I've been doing analysis on monthly time frames and dropping...
Do I see a what you would call a "Bullish Pennant"... I've been watching this for over 2 weeks and I think its about to come to fruition, I think I will have to sit tight for another week or so but it would be nice to see if my analysis is correct, we understand that is not about being right but about making money but it will be good to see this unfold...
Ive been doing a lot more studying and i came across a few things which I've started making myself more aware of, this looks like a flag pattern with a outbreak towards a long position.
What do other traders think, it will be nice if you could comment back just to see if I'm o the right track.
Hello Happy traders.
AUDUSD on a short this one may be a long span so I believe we could be sitting on the trade for a little while.
So, SL @ 0.78201, TP level 1 @ 0.76491, TP @ level 2 0.75087
Now I've began to read trading in the zone and i really want this to be my test out trade to see if i am fully accepting of the risks that may come towards it and have...
Hope you all had a good weekend.
I've decided to share this idea because it can probably bring in some really good returns, so here is how I've analysed the long move.
Started with a strength meter analysis therefore showing the strength of all currencies and I've seen the Pound being in a much stronger position than the AUD.
Scaled into the D1...
I've identified a lot of selling pressure from the H4, spotted lop spoted V formation on the H1 and its holding levels although with a lot of spikes, kept my stop loss pretty high but i though it was a good time to enter the trade.
What do you guys think??? I'm starting to see my self as an aggressive entry type trader, i wait for part of the formation to...
After a year of using this beautiful website I decided to publish my first idea. I am a little scared but very open to criticism because I want to raise my game as everyone would...right?
I'm a V formation trader and I use S+D levels as entries and exits. I work full time so I tend to stick to H4 or H1 trades with D1 and currency correlation as sense...