McNificent

McNificent

If you look at the previous candle from current price which is a sell. you will notice how it broke through to a bearish candle and retraced back from the support line that bearish wick was a fake out based on the length size of the wick. It then went into a bullish mode and then broke though and retraced back from the resistance line. The Bullish wick shows a...

McNificent

FOREXCOM:XAUUSD Planning my charts for the week on XAU/USD 1Hr. I feel its going to continue going in a sell position. So I've placed a sell Stop around 1413.33 to enter me in and I will keep a close eye on my TP

McNificent

Lookin at the chart there is a strong downtrend happening. Where I placed the red arrow is where I had placed my sell stop at 134.561 and would like to see it reach the previous low as my TP. Lets see what happens shall we. :D

McNificent

This is what I'm working on at the moment as a naked trader. I placed a box around where price is at the moment so I'm thinking it should break out into a sell at 1278.79 if so I gave myself a bit of room space just so I got my confirmation that it will definately sell then my TP will be at 1288.67. If not then I made a chance for a buy. so im expecting it to...

McNificent

At the moment I am working on my naked trading strategies. Earlier this evening I placed in a buy Stop at 1274.94 and then placed my TP at 1277.77 and my stop loss 1272.74 in order to give it some space and as you can see it has reached my TP.

McNificent

As you can see it went to the previous HL then went back into a retrace so should be expecting it to reach my 61.80 and be going into a buy.

McNificent

This is my analysis on NZD CHF I did my support resistance on the Day chart which are in purple. Along with my 2 entries that I higlighted in gold then after applying my trendlines I noticed it moving in a uptrend. I then went backward to 1 Hr to find my entries and noticed how many times some of the candles hit and retrace on the 0.67492 which makes me believe I...