Today marks the first day of February. I had a pretty interesting trading day yesterday. I was taking a few heavy positions and happened to end up on the profitable side of those positions. I realized very quickly that my perception of the market is flawed. My optimism or ideal performance for the market I choose is always based off a monthly time frame. Yet...
$SPY in a very similar set up as $NVDA in my last post. Bullish wedge on the weekly in pink & double bottom on the daily in yellow. Price targets are green lines and stop loss for me would be the red line. Based off the weekly I'm bullish on $SPY on a very macro level. I think we trend upwards this week (maybe a couple days into next week to make a new higher...
EURUSD in 2021 shows big sell opportunities as from January 2021 it is in a down trend, in march it hit 1.17 area with could be named as the important support area as we see a lot of rejection from this point. if we use fib retracement from 2021 high and 2021 low the market currently ends at the 0.618 fib level (1.12) Euro is overall looking bearish and USD is...
Gold has obviously been grabbing liquidity all week and making people believe it is time to sell. Not yet buddy. Looking for a good re entry around this zone level. Yesterday was able to catch almost 100 pips and got out. Gold has also been moving 100s of pips this week in both directions which is an indication that there is indecision but more importantly...
AUDUSD LONG POTENTIAL 50-75 PIPS Respecting Weekly Support/Demand Zone 2nd Bounce off Zone, 1st last week Looking for potential technical boost toward upside or potential fundamentals will push higher with AUD employment numbers later
Price has been consolidating between this 2 levels from a couple weeks ago... Waiting to see how price reacts or rejects on this ascending trend line... Price has been seen rejecting this .25000 region for some time now... LETS SEE WHAT HAPPENS...
INTC NVDA AMD Advanced self-driving cars will need processors and GPU's, which means Intel and NVDA or AMD likely. Would you put another brand in with that risk? Intel as at 618 Fib Retracement near 48.48, actual 48.53 right now and hitting resistance today. Expecting midterm election will drive this up to 500 or higher retrace soon. 4h, day and week...
EVERYONE LOOKING FOR EUR/USD SHORT, I KEEP SEEING HIGHER HIGHS AND LOWER LOWS. MOVING AVERAGES POINTING TOWARDS A BUY SESSION, AND WITH HIGH NEWS COMING. MY OPINION ANYWAYS. GOOD RISK REWARD RATIO. SELFTAUGHT TRADER.
Had to raise my stop loss to 60 pips because of the market position, but after the breakout usd/jpy went on to short and my 86 pips target was achieved
USD/JPY POSSIBLE SHORT OPENING, LONTERM TRADE. CURRENTLY BELOW THE HOURLY SUPPORT. ABOUT 80 PIPS OR MORE GAIN IF ACHIEVED
USD/JPY HAVING LOWER HIGHS AND MOVING AVERAGES SHOWING A SELL TREND BUILDING UP, A LONG TERM SHORT POSITON OPPORTUNITY IS LOOKING TO COME BUT WE HAVE TO WAIT AND SEE. - SELFTAUGHT TRADER
EUR/USD SHORT CURRENTLY ON MONTHLY SUPPORT IF BEARISH CANDLE STICK SHOULD REACH 1.05205, WE ARE LOOKING AT ANOTHER POSSIBLE PIPS GAIN OF 60 PIPS TO 1.04606
THE EUR/USD SHORT HAS HIT THE DAILY SUPPORT AND MAY BOUNCE BACK A FEW TIMES BEFORE BREAKING SUPPORT, SO FAR 30 PIPS GAINED..... TAKING PROFITS NOW MAY BE ADVISED, HOLDING THE TRADE TOO CAN BE ADVISED. EITHER WAY ITS STILL ON A DOWNWARD TREND, LETS SEE WHAT HAPPENS. #SELFTAUGHT TRADER
Entered this a little late but still healthy down side in this trade if you do enter go in very small.
The price is in Weekly/Daily ascending channel (green). Now, forming a falling wedge (bullish signal). The Fib C is at 61.8%, where price made bearish engulfing pattern to head south. D1 target is in line with 0% of AB swing and ascending price channel (8271), on break of this next target is D2 at 8040. However, I am expecting price to come at 8271 and then go...