About meI use several SWING disciplines that have all proven and effective results with historical price movements on major Fx pairs. My strategy uses the basics of each discipline to keep it simple yet effective which is to maximise profits and limit losses!
I love the Steemit Community and for this reason I believe Steemit and Steem Coin will revolutionize social media content marketing and lifestyle design.
I believe Steemit will be competing with the giants in a few years.
This new fork in BTC being launched from AUG 1 2017 will cause a lot of volatility so this may help my trading idea...
Today I am using STEEMETH to illustrate a potential long investing opportunity.
We have multiple areas of resistance that I believe will be broken in due course.
You can find me on Steemit as pipalchemy :)
Enjoy the show!
The pattern I used to trade this long has been consistent with GBPJPY... This is hands down my favourite pair! Reason for this is because I am able to FEEL where price will reverse!
For the past 3 years this pair has given me more returns than any other. What does this mean? Well to me it means that I am able to read the perception of future market price of other...
Price has pull back to a level of high probability!
I will only take profits at $3200 if I see Price Action that indicates some profit taking.
This is why I will not set a Take Profit on any crypto at the moment. The bullish moves are strong and you could be missing out of profit!
Enjoy the Show
At this moment of time the correction we are seeing on the pair is not as large as the correction seen on 25 - 27 MAY 2017.
If the corrections are getting smaller it shows bullish strength. It also shows that price is set to make another leg up.
I have added longs in the highlighted zone!
I really like the potential this currency and its blockchain offer the...
This correction has many variables that caused it. To me it looks like investors taking profits!
Technically speaking the trend is still BULLISH so I will keep adding long positions for the short and medium term!
If price does break below the $2000 level then I will reevaluate this pair accordingly.
Be safe and use Risk Management to protect your...
The Forex market never ceases to amaze me. Price floats like a butterfly but stings like a bee if one doesn't apply an edge with a solid risk management method.
The chart speaks for itself...
I am short bias, although a break and test to the upside of 1.1000 will present a long opportunity. You have to be quick like the jaguar in order to reap the rewards of...
If you get stopped out you have two choices:
1) Wait for price to reach the next key level before re-entering
2) If analysis completely wrong then plan for opportunity in opposing direction
I got my last AJ short idea completely wrong but that doesnt matter as long as you define your risk according to much larger rewards.
The Price Action and volatility at the 1.0750 was the catalyst to this high probability short. I owe this trade to a lot of patience because I have been stalking this for weeks.
Targeting the FX_IDC:EURUSD1.05 handle for my first Take Profit.
Stop Loss will be moved to Break Even on the close below 1.0630.
Any questions then feel free to comment below....