About meWe are a day & swing trading community which focuses on educating traders our complete system, which is simple yet effective and then focus on getting your mindset primed so you can win the many battles the market present you with!
Good morning from us!
Here's a little update of what we believe will be happening with the DAX over the next few trading sessions:
The daily is making yet another test of the broken contraction.
The 4H seems to have formed another contraction after the breakout and now retest of major contraction.
The 1H is heading to test the top of a bullish channel and...
We are back at it! This time buying XAUUSD after shorting it last night successfully...
We are going long for a few good reasons, the first is a complete review of the charts using Multiple Time Frame Analysis and the support of the 61.8% fib (yes we use it differently.)
The important thing to note is that our profit targets are set on WEEKLY...
So the GBPUSD is really showing excellent signs of a bullish reversal on all charts including the 1D, 4H and 1H... Im riding this baby up and expect TP later today.
The DXY is showing good weakness which supports my view of a weakner USD this trading week.
I will follow up with a video explaining all of this so make sure you follow me!
RSI is at it's lows on...
I don't expect a major change to the overall bullish trend rather I expect a correction to occur today.
Im trading a rising wedge which leads to the 38.2% of the recent high/low on 4H. On the 1H chart, there seems to be a head and shoulders forming in a rising channel which is solid indication that a reversal can take place. Yet on the daily I dont see anything...
WTI and BRENT are taking heavy hits for some time now with the price dropping strongly on both mainly due to the Coronavirus, but more recently (Friday) due to the OPEC members not being ready to cut production.
We expect based on basic technical analysis that price should be moving south, our TP and SL can be seen on the daily chart (on the right) while our...
In this video I go over our watchlist for the upcoming week and I mainly focus on the daily chart... tomorrow in the lat Asian trading session I will focus more on exactly what we will do, but it is imperative for us to prepare for tomorrow today.
In the video we go over many forex pairs, indices and commodities.
A little bit about our system is below:
A major contraction breakout followed by a retest with a possible double top.
2 Weeks ago the DAX broke out of a bearish reversal contraction (Rising wedge), this week price headed strongly for a retest and was rising from Monday right until Friday when the retest was achieved and the price started moving lower which makes us believe that in the new week price...
We're got 4 trades coming into the London trading session today and we are shorting AUDUSD, DAX , WTI and EURNZD.
All trades look solid and this quick explanation dictates what we are doing.
Our watchlist will be released only to our trading community.
Today is the day Oil ( Brent and WTI ) continue to take further losses.
An article helped the OIL market yesterday but that article was a cry for funding and in reality, cannot solve the current Coronavirus problem... the WHO downplayed the "breakthrough" and sentimental are back on selling BRENT and WTI and the technicals agree.
The RR is very solid here and...
We didnt release a daily watchlist video in a few days... but we are back!
Today we are on a mission to recover some losses from yesterday and get back to reaching our 6.5% profit target for the week.
We have quite a few trades going on WTI and many forex pairs so watch this short video and understand what we are doing and why.
The video speaks for itself, we are shorting WTI and buying EURUSD, we might take action on USDCAD... but our target for the day is to grab some GBP pips during the BoE meeting!
Enjoy the video