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Barish

$US500 S&P500 - will the .236 retrace hold? DAWEIThe shenanigans around the situation in the ukraine continue, as the market has thrown another tantrum over it yesterday. We got rejected once more by the supply line that defines the current downtrend we currently in. If the .236 Retrace at 4360 can't be hold as support, we almost certainly to go back down to the january lows, and with that double top pattern and overall lower highs, those january lows, might not hold, and markets would be poised for another leg down. Proceed with caution atm, cause every little rallye seems to be sold off the next day, we clearly have not seen a reversal to bullish structures again. Good luck with your trading!
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by 10xTrading
XAUUSD or GOLD short targeting 1730My style of trade management is as follow : i divide my volume based on my margin to 3 but they are not equal. i assign a factor to my position indicating the score it has had based on my strategy and then i do the division. its a bit complicated but it works. when i enter a trade if it doesnt go my way on onset i cancel it without hesitation and lose a small amount of my margin. when it goes my way at first station i make my positions risk-fre by closing one of the three and the rest is evident. herei have been waitiong at this harmonic level to see an evident pivot. then based on the momentum i calculate the target and do the trade management. Happy trading.
TVC:GOLDShort
by Majintrader