The price action that has developed has presented an opportunity for a long position at this exact price point I placed my buy limit order. I am taking it to the top of liquidity on the opposite side of the order as my target. Risk is small and reward is very high, just as it should be. I am personally risking 4% on this setup for a potential 100% gain. If...
I am documenting every single one of my live trades to track my progress and help make an impact on the trading world. I took this particular trade based off my understanding of price action and market cycles. Today should be a reversal day. Yesterday was bullish, Thursday can present opportunities to take price to the opposite side. I am targeting major...
Hello Traders! First, 95% of traders are wrong and everyone's analysis outside of yourself should be taken with a grain of salt and a gulp of discernment. With that being said, here is my current outlook on EURUSD based on current economic conditions and price action that has developed. Due to the outcome of NFP last week, the current USD Unemployment Rate...
The fundamentals over the past week have been coming out as strong catalysts for bullish momentum on the DXY to continue. Therefore, I am currently still looking for SHORTING opportunities on XAUUSD. So if or when price returns to 1940 / 1945, I will be paying attention to price action as it develops and if it starts to look like buying pressure is fizzling out,...
Hi traders, Lupin has given a good opportunity after staying in a tight range for good amount of time. Now, as we can see that Lupin has given a re-test and the previous resistance has become a support. I have already initiated the position at 1175 with a stop loss below the support i.e 1167. 1st target: 1205 2nd target: 1220 The Reward-Risk is 5:1...
Gold Buy setup with high RRR. Setup is analyzed with Order Block methodology.
I am looking for a shorter term trade on EURUSD, expecting one more dip to 1.2. Most of my bias stems from a recovering Dollar which I expect to continue going into next week after a positive outlook from the Fed and CPI meeting expectations.
Let's dive into the setup: After completing the 5th elliott wave, which I have happily traded and you can see how it went on my twitter account, and a double bottom so clean that I didn't take advantage of, it went on to touching the higher trend line of a falling wedge pattern. The astonishing speed with which it arrived there, led me to believe that last LL and...
18/Feb/2020 08:54 AM AUTHOR: Brandon Gum -- Pretty high RR either way you look at it. Berkshire just took a large position according to 13F. ======================
11/Feb/2020 10:57 AM AUTHOR: Brandon Gum -- Not my typical idea, but if looking for momo, this is a candidate. Expect price to stall a bit at 93.25 I have low expectations for this one and have no position. On that note--> that has a RR over 3 yet stock is so extended. Is that rr of 3 realistic??? Or is there really more downside risk here? ======================
>7 R:R RSI is super low, generally pretty safe for an entry. Fundamentals: AMA with Chainlink tomorrow.
On this chart, we have a crypto specialty, the symmetrical triangle, where the target is generally the height of the triangle. However, these have not been the most reliable in recent times, so I'd recommend taking some profits on the way up. Everything is looking good for the next few hours. MACD crossed over. RSI ticking up, and lots of volume. Target is equal...
Swing Trade (Weekly, Daily) On daily Buyers are pretty aggressive as the bounced back for the 5961 Support area and they wiped out the strong Demand (7401 USDT) area which is holding for a while and holding above the Demand level, So, technically it is a buy but the area to watch is 7954, if price hits this area so aggressive with much power then we can tell that...