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Followthetrend

Follow the trend! (GBPAUD analysis)Hi guys, few days ago we managed to get more than a hundred pips from shorting this pair. Now the situation has changed, since we came back to previous structure and started consolidating right at the trendline retest. Besides, the zone we're on is a daily structure that could push price up, according to the major trend. The RSI divergence down on the bottom additionally confirm our view, along with the psychological number 1,6500. I'm buying with stops below the lows, and targets as illustrated above. If you want to ask questions or share your view, feel free to comment beneath. Otherwise, see you in the next chart!
Long
by Roker1
4
What Is Next For SPY ???The SPY gapped down on Friday morning and then proceeded lower all day. Monday morning brought renewed optimism as the SPY gapped down again but this time reversed and closed a little under the highs of Friday. Notice that the SPY traded as low as 212.25ish and as high as 217ish. Lets focus on that range and what has happened since. The triangle and horizontal lines are meant to point out the high & low of Friday & Monday AND to show the downward progression of the highs of each of the days since Friday 9/9. This includes today Monday 9/19. Last Thursday again brought renewed optimism but look where the top of the daily candle stopped. Right on the hypotenuse of the triangle. Now look at today 9/19. The SPY opened the day up about 10ish points. Optimism was in the air. After the markets opened they proceeded higher, for a while. How long? Just long enough for the high of today to reach the hypotenuse of the triangle again. Then it was all down hill from there. Some traders, or analysts, or technicians will tell you "they think the market is headed ________". I am reminding you that any of us could guess what the market will do next. I would much prefer to follow the SPY out of the triangle. Will it go up through the hypotenuse? Will it go down through the horizontal bottom? No one knows. But when it leaves this triangle, you should consider following it out. Don't let these choppy markets get you down. Stay focused! You may have to be nimble. You may have to be flexible enough to change directions. Just don't get locked into a belief about which way the market will go from here. Good luck to you! Trade what you see... Not what you wish, hope, feel, or... The downtrend is your friend until the price moves above it...
AMEX:SPY
by TheTrendLineInvestor
How to recognise a trend. Silver example.Follow the money! And your trading will be easier and smooth. You want to start buying in an accumulation area and keep adding to your position as soon as a new uptrend starts to develop. Remember not to sell too early! You want to keep at least a decent amount of your initial position to keep riding the uptrend until it is over. That's the difference between good profits or life changing fortunes... patience to hold your winning positions, and confidence to close your losses early.
FX:XAGUSD
by BillionaireUnicorn
3