andrew-profit-trader-winner

andrew-profit-trader-winner

Everybody is waiting for the September news. This maybe a good news that will be announced at the Berlin meeting together with Golem and friends, but who knows? There are also speculation of teaming up with Apple due maybe because one of the team Jun, shows a skateboard with sticker of Apple Logo. But we still don't know. While others are optimistic, some are also...

andrew-profit-trader-winner

I started to include in my analysis timing the news because I expect this is where the most movement take place. Adding technical analysis such as drawing Channels, and considering traders sentiments. There is always a sequence when retail and wholesale traders put their trade. It is vital to know the timing where to Enter and Exit the market. I prefer not to get...

andrew-profit-trader-winner Updated 

As High Importance News Event results no change, price continue to move to its previous uptrend. Now, price hits Dynamic Resistance and bounce downward showing that market is in correction phase. Price was not strong enough to break the Dynamic Resistance because it was not backed up by the news. Even though the news was in high importance, having no change...

andrew-profit-trader-winner Updated 

Observation: Price was bullish (51 days) then starts losing momentum (19 days) consolidation, then starts to go bearish (117 days) and counting. Using Fibo retracement, price bounce at 61.8% and counting. Price forms a Triangular Contraction where Dynamic Resistance challenge Dynamic Support and market is pressured in the corner to make decision whether to go and...

andrew-profit-trader-winner

Observing different news and it's price impact/ human behavior. EUR German Unemployment Change (APR) -4K Price decreases. Waiting for price correction.

andrew-profit-trader-winner Updated 

Observation: Price respect dynamic resistance of Triangular Contraction and shows a bearish move. Consolidation phase nearly done as price moves closer to the corner of the triangle. Analysis: Higher probability for a Short than a long as Triangular Contraction slope is leaning downward. Conclusion: Place short order with tight stop loss at the last higher high...

andrew-profit-trader-winner Updated 

Observation: Bears are in control. Price all time low. Price creates a strong & wide downward channel. Analysis: Support @ 1.20 & higher highs and higher lows would show a resistance from the bearish market but price action are too small. High probability for a consolidation phase if ever a bullish candle appear. Price would continue to slide down if bulls does...

andrew-profit-trader-winner Updated 

Observation: Price breaks previous upward trend. Pivot point at 1.43339. Price makes strong movement upward. Indecision at dynamic resistance of downward channel (blue line) Analysis: Price consolidation ahead. If price hits target at 1.45, short with tight stop loss till previous high. TP at target slope copied from two previous peaks. Conclusion: Sell limit...

andrew-profit-trader-winner Updated 

Observation: Price break Upward Channel (small) Market decides whether to break Downward Channel (big) Analysis: Market cycle high probability of price consolidation. Previous lower highs could dictate market memory to decide for a price drop. If market respect dynamic resistance of downward channel (price retrace around 1.73), there is a high probability of...

andrew-profit-trader-winner Updated 

Observation: Price breakout Analysis: Opportunity for Long with tight stop loss Conclusion: Long with tight stop loss

andrew-profit-trader-winner Updated 

Observation: Price moves uptrend at a higher timeframe. Price tested the middle line of the upward channel last Jan. 6, 2017. Price again tested the middle line of the upward channel last April 12, 2017. Price inside the upward channel makes a new small downward channel. Price now again decides to test the dynamic resistance of the small downward...

andrew-profit-trader-winner Updated 

Observation: Price in an upward channel approaches All Time Significant Level. Analysis: Market is pressured to decide either to continue bullish or retrace. If retrace, market would think that price is overbought and start to sell. Panic will happen and there would be a strong move downward. Conclusion: Small movement downward: since the price hits the dynamic...

andrew-profit-trader-winner

Observation: On higher timeframe, price makes a ascending triangle. On lower timeframe, price hits resistance level by Dynamic Pivot. Candlestick patter makes a last kiss. Analysis If price goes back to the Ascending Triangle, then price may continue the trend upward. Conclusion: Go for Long.

andrew-profit-trader-winner Updated 

I loss trade both in EURUSD and EURCHF due to strong price jump during the weekends. Reason: Highly relevant news event could increase price volatility, therefore it is difficult for the trader to intercept the sudden move.

andrew-profit-trader-winner

Price level significant levels are drawn using previous peaks and lows. Strategy to locate Support, Resistance and Pivot Levels.

andrew-profit-trader-winner

Observation: Price moves on a downward channel. Significant Support level (Purple Dotted Line) was last tested since Aug-Sep 2003 (almost 14years!) and was currently testing it (Mar-Apr & Nov-Dec 2015), and now price Stop at this level. Price is still near the all time low level. Candlestick forms a bullish Pinbar as a sign of reversal. Price movement has the...

andrew-profit-trader-winner Updated 

Observation: Price moves from Downtrend Phase to Consolidation Phase @ Nov. 28, 2016 Price moves inside a Downward Triangular Expansion and is at the second small downward channel. Current RSI value is overbought. Price is under 200 moving average. Analysis: Price might hit consolidation area at 115.909 as confirmed support area from previous price...

andrew-profit-trader-winner

Observation: Price moves and forms a downward channel. Price bounce in the middle of the downward channel. Analysis: Price may bounce until Dynamic Resistance then drop down at the Dynamic Support. Conclusion: If reached target at long and price respect Dynamic Resistance, then place short.