EURGBP 1H TIMEFRAME SHORTFrom my harmonic pattern analysis, there is a possible projection for shorting in the market. If you feel that my trade is good by all means take it! Please do not place any trade if you are unsure about harmonics as you may not know how to do your risk management, SL, TP. But if you know how to calculate where your stops and take profits are, by all means, go! But I will not be responsible if your trades are losing. So far all of my ideas posted about trades have been 100% correct. I will post where you need to get in but you need to make the effort to see where you need to get out, SL, TP etc... timing for your trades is not my problem, just to let you know.
Now,
If you have any questions please private message me or write it in the comments below,
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Monero Lurking Beneath The SurfaceThis is a short and sweet one on my thoughts on Monero. I think things will be pretty quiet until late July-August.
Monero has great fundamentals and tech behind it. Another thing I love is that they barely market it and that they are very humble when questioned about any positive or even negative news.
Due to what Monero is I believe it will peak towards end of year especially around Christmas and New Years. Although we should start seeing some movement a few months beforehand.
On the long term side of things, 3-5 years I believe we are looking at one of the big 4 coins. So far I see Bitcoin, Ethereum, and Monero (not including ripple in the price sense of things.) I don't see Dash holding its position until they actually solve a problem that hasn't been solved already.
Anyway that's my Monday night ramble. If you're looking for a proper "down the line" long term investment then Monero is the coin that will make a fortune if you invest right.
Get involved and one-day too you can become the guy that everyone says your lucky and people envy you because you have that endless supply of cash
Study3Here , market gives us only Daily levels. Okay , we will trade around them only. However , we are in triangle pattern . Indecision in the markets again. It's very risky to trade in that kind of environment. Market can do anything. You must be very cautious. If we go long , we will be stopped soon , If we go short , we will be stopped soon. So we just chill out and stay flat until some side is hard broken. Only after that we can anticipate given direction to be reached. This chart shows absolute levels. Trade what you see. Resistance above , no longs , support below , no shorts , WAIT , Best decision right now.
Study2Indecision. Triangle. Range. Which direction you choose to trade ? Up/Down ? Right answer is no one !!! Market is indecisive. When that kind of conditions , stay away. It's best for your account , as to your mind. Wait for clear break in either side and then decide which direction market is likely to go.
WaitMarket is telling you to wait cause there's no clear direction , If you trade , you will lose. It's that simple. Try to not trade instead of observe and think over price action. When opportunity is there , Ride it !!! Wish you great weekend , no trade executions on Friday , Wait for Weekly close :)
Weekly Journey X - Range movement, breakouts, support+resistanceAs you can see, there are 4 important points that might be the crucial checkpoints tomorrow.
Predicting that Nr. 1 is a 99% probability (the only way we can pass that range is if it gap opens
up or down by +-40 cents). Nr. 2 has 45% probability from Nr.1, Nr 3 has 55% probability from Nr. 1.
Nr. 3 has 75% probability from Nr. 2, with 25% probability of a continuous move downwards.
Nr. 4 has a 55% probability from Nr. 3, with 45% probability of a continuous move upwards. At Nr. 4,
there is a 60% chance of staying in range, and moving upwards, and a 40% chance that we will see
a continuation of moving downwards.
- Percentages are derived from my personal research that include news, "smoke", data,
recent movement, fibb lines, medians, support and resistance strength, fake/true breakouts and more.
They are also strictly my personal opinion. -
Probabilities and statistics are always part of my work, which I will publicly incorporate into
charts from now on after testing them for a month privately.
Nr. 2 is a very good point for a Long entry, Nr. 3 would be a decent Short entry, whereas Nr. 4
might be a solid Long entry if the MLH holds (staying in range) with a tight S/L.
Gold like HellI'm thinking about getting short a bit higher. Maybe I want to trade for Weekly close lower. I wait to see price action around this exact level , Daily Support and see what's going on in there. Then if I see Rally or something like that plus rejection of it's highs , I will get in short. Guys , you need to know that you cannot write your strategy down , it's losing strategy , Best strategies are not exact , you have to feel them. Market is always changing , so , Dont be exact in your strategies , Add simplicity to your strategy as well. Be great observer , market is talking , you just have to listen to him.
MasterWhy not to be long ? It's perfect scenario , however , wait for bullish momentum first and then buy , cause right now we are selling the top. Wait for this wave to end and then go for your profits IF risk is good.