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Good Risk/Reward

GBP - Signs of a bottom beginning to form?Looking at a basket of Sterling pairs on a variety of time-frames. (You can add this to your own watchlists by copying this code: GBPAUD*GBPCAD*GBPCHF*GBPJPY*GBPNZD*GBPUSD*GBPEUR ) There appears to be some evidence of a bottom shaping on the 4-hour chart. Expecting a bumpy ride with Sterling, but I believe the Risk/Reward is looking favourable in the short term. We should see some more news from Brexit discussions over the next few hours. Let's see what happens! Hope you like the video - please give it a like if you do! Good Luck. Joe GBP Macro news The July UK government posted a budget surplus of £1.3bn compared with £3.5bn the previous year with the deficit for the first four months of fiscal 2019/20 increasing to £16.0bn from £10.0bn as spending increased and revenue growth slowed. Sterling lost ground following comments by a French official that in view of Prime Minister Johnson’s comments on the Irish backstop, the baseline scenario now seemed to be a ‘no-deal’ Brexit and President Macron reiterated that the deal could not be re-opened. German Chancellor Merkel stated that as soon as there is a solution to the Irish border issue, there will be no need for the backstop. She also stated that a negotiated Brexit would be welcomed, but Germany is ready for all outcomes and challenged the UK government to find a solution to the Irish border within the next 30 days. The comments failed to provide significant support with Sterling holding net losses on the day. EUR/GBP settled around 0.9140 with GBP/USD below 1.2150. A labour-market survey recorded the strongest increase in wage rises since 2008, but political tensions tended to dominate sentiment with GBP/USD around 1.2120 on Thursday.
Long
by Signal_Centre
GOOGL - When you arrive late for the party, how to trade.This is one of the trading situations I hate most - when I get too late for optimal entry, and I find that the asset has been trending already for quite some time. In this case, the optimal entry would be around at 1020, on the left chart you can see the area has been circled with a black line. This asset is a reliable company that has been growing for years, and every time I see this kind of chart, I always have the feeling I lost all the best part and that I'm too late and I can't profit from this. Which is not the case, if this asset is trending for years, why would it stop now? So if you're a long term holder, which is the profile that buys this kind of blue-chip stock like AMZN, MSFT, APPL or GOOGL, what difference would it make for you if you traded this accurately and not only buying and holding. I don't want to get too deep because that's not the point, but there are MANY things going on with the economy now that show a dangerous road ahead of us, US debt ceiling, the renewal of many futures and bonds...and the recent SPY "short recession", the difference between 10/30 yr bonds and intermediary bidders and much more. So the point of having this edge is to minimize risk. By being patient and applying easy techniques you can almost trade this risk-free - of course, don't expect high returns from such a liquid asset(more liquidity, less volatility). I use three timeframes, one huge one to give me context, an intermediary one to provide me with insights of possible faster trades, and the fasted one for precision entry. Since I used the 120 timeframes, I was able to buy some around at 1184 on the Spectro Fibo Level bounce, pointed by a small green arrow. Now I'm waiting for a cross on 1195 level to increase my position and have an avg price of 1189.5 The three targets are the most important ones because that's where I'll adjust my stop-loss once it gets there with some slack. If you're a smart guy, you will see that I said STOP-LOSS and not take profit because this is a trending asset, so it tends to keep going up and up and up, no reason to make profits. As you can see the M candles shows a stable channel that has been holding the move for over six years! So why bet against that? Yes, there are the dangers I mentioned previously and that's the reason to be so careful with your entry. Because by doing this, even if something bad happens, you will be on profit even if you get stopped. My stop-loss is at 1181, on the D chart you will see it's the next closest Auto Fibo Level, and there's a good possibility of reaching 1181.5, so I'd reinforce my position at that price if we see it and I'd keep my stop-loss at 1181 nevertheless. So by using this technique, you'll ensure that you're always buying on the lowest part of the channel, where the odds are in your favor twice as much(trend + lower region). The R:R factor from target 3 to 1181 stop-loss is around 4, which is amazing.
NASDAQ:GOOGLLong
by spectertrading
Projectionretracement on 50% fib in extension after the consensus conference up to new levels in the area 11500-11750 $ where there is a very strong resistance with probable strong selling. The projection has been elaborated on the basis of the daily moving averages, taking into account the slope of the price increase and the fibonacci levels. the rising price pick-up angle has been decreasing since January, an increase in the trend of the upward trend could bring forward the projection a few days while maintaining the levels of 11750-10000 and 7780 (61% fib ABC current) as very high levels important. The entrance remains at this level with the possibility of splitting it with an entry to the underlying level in the event of a downward break of $ 8200 opening $ 7780 area. risk / return 6
BITFINEX:BTCUSDLong
by SantoniGiorgio
Long QQQ Weekly Chart Bounce off Bottom Trend ChannelI think QQQ is a good purchase here as long as it holds above the 160 weekly trend channel support level. My target is the gap fill at the 169-171 level within the next couple weeks. If you place your stop loss just below 160 (near 158 for example), you risk 4 dollars a share with a reward of 8 dollars a share if you set your profit exit at 170. That's a Risk Reward of 2 which is a really good. I believe that buying support in an uptrend is a good idea, and since price is still above the upward sloping 200 day moving average, I believe QQQ is a good buy setup here. I blog almost everyday here: bigfryfinancialmarkets.com On my blog, I also have fun facts daily, and discuss other setups. I include stocks that you might consider putting on your watchlist. I would love it if you could please like this post/follow me to allow more people to see my analysis. Have a great Sunday :D
NASDAQ:QQQLong
by bigfry