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SOYBN/USD and GBP/CHF on watch for me today.Good morning all, I hope that you had a great weekend and that you're feeling suitably refreshed and focused. On the subject of focus I missed the AUD/JPY trade on Friday which I said on here as early as Thursday morning might be ready by Friday, because my mum bought herself a new phone last week and I was busy transferring all of her details and data over from her old phone and unfortunately I allowed myself to be distracted when the market didn't initially give me the entry that I was anticipating and then I took my eye off of the ball and then of course the market provided me with my entry and had I not taken my eye off of the ball then this trade would currently be running at +4.50% which would in terms of unrealised profit would be one of my most profitable live trades ever. Was I annoyed by this? Yes, initially. But not because I'd missed the trade, these things happen in trading and once you're experienced enough to know what you're doing, to know that trading opportunities are like buses and to know that FOMO and trying to catch any and every trade is one of the biggest reasons why most traders blow their trading accounts you just dust yourself off, document and move on. In fact all I was annoyed about is that I'd allowed myself to be distracted, because not only is this only the fifth time in thirteen months that I've missed a trade, but it's the first time that I've ever missed a trade because I'd allowed myself to be distracted, with three of my other four missed trades being due to me being asleep and the remaining missed trade being due to the fact that I was snowed under with trading related work when I was far less experienced and less organised according to my 'Missed Trades' folder. But it is what it is. In my ASR (Advanced Self Review) which I completed as I always do on Saturday morning I made a note of the improvements that I need to make to ensure that I don't allow myself to be distracted again and now we simply move on to the next trading opportunity. Where this week is concerned I think NZD/USD is looking good for a potential short trade investment opportunity which I think might be ready by tomorrow. But where today is concerned below is what I'll be looking for from the market... Have a great day! SOYBN/USD: • If price pushes down to and ideally just below our lower rayline, then I'll be waiting for a convincing impulse back up followed by a tight one flag and then I'll be looking to get long either with a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/CHF: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it. • If price only pushes up to and ideally just above our upper rayline and the last part of the move is corrective, then I'll once again be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it but I'll be hiding my stop loss above our upper ascending trend line for extra protection. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
AUD/JPY and NZD/CHF on watch for me today.Good morning guys and girls. I hope you're doing well. So AUD/JPY is doing what I suspected it might do whilst I was creating my Thursday Forecast and now it looks like it might be ready to give me a risk entry by the end of today. I also know from the testing that I've done that very corrective pairs such as NZD/CHF are also very reliable where risk entries from the edge of structure are concerned, so I'll also be looking for one of these from this pair which is now shaping up very nicely. As always my entry requirements I've listed below. I'll of course be back on Monday with another forecast after I've selected my Top 6 and my Wildcard list pairs for next week later this evening and created my Monday Forecast tomorrow morning. But in the meantime, have a great day, a great weekend! AUD/JPY: • If price pushes up to and ideally just above our rayline and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/CHF: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it. • If price only pushes up to and ideally just above our upper rayline and the last part of the move is corrective, then I'll once again be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it but I'll be hiding my stop loss above our upper ascending trend line for extra protection. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
3
AUD/JPY and NZD/CHF on watch for me today.Good morning guys and girls. I hope you're doing well. So AUD/JPY is doing what I suspected it might do whilst I was creating my Thursday Forecast and now it looks like it might be ready to give me a risk entry by the end of today. I also know from the testing that I've done that very corrective pairs such as NZD/CHF are also very reliable where risk entries from the edge of structure are concerned, so I'll also be looking for one of these from this pair which is now shaping up very nicely. As always my entry requirements I've listed below. I'll of course be back on Monday with another forecast after I've selected my Top 6 and my Wildcard list pairs for next week later this evening and created my Monday Forecast tomorrow morning. But in the meantime, have a great day, a great weekend! AUD/JPY: • If price pushes up to and ideally just above our rayline and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/CHF: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it. • If price only pushes up to and ideally just above our upper rayline and the last part of the move is corrective, then I'll once again be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it but I'll be hiding my stop loss above our upper ascending trend line for extra protection. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
1
OIL TRADE IDEA UPDATELast week, oil failed to break through the $67.63 support level and rallied back, retesting the trendline. So the trade plan for next week is to hold the buy position from the previous week and see if oil can break over the trendline. (Please review the prior trade idea to get a better picture of what I'm talking about.) Breakout of the trendline might push oil to the next level of resistance at $72.66. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all
TVC:USOILLong
by mytw0cents
WTICO/USD on watch for me today.Good morning all. I hope you're having a fantastic week so far. So I'm currently still in my EUR/GBP trade (for the moment at least). The momentum never really kicked in to the upside as I'd hoped and then price retraced very aggressively in true EUR/GBP style. On the balance of probability I thought at this point that I'd probably be tagged out for a loss simply because of the momentum that had come in to the downside. However I also saw what had preceded this move as a completed three touch pattern and I know from my testing how after a completed three touch pattern price will sometimes scoop back down to retest the third touch and then the momentum will kick in in our forecasted direction and that's exactly what happened and one of the reasons I thought that this might happen is because of what happened the last time a three touch structure broke below a daily double bottom which I've replicated for you using the Bars Pattern tool. Granted it doesn't look identical to what's happened this time around because one piece of price action never looks identical to another, but hopefully this shows you how it's possible for us to trade raw price action without us paying any attention to the news and that's because patterns repeat themselves because human beings repeat themselves. So that's me marginally in profit on this trade with my stop loss now at break even. I may well be tagged out for break even soon, but EUR/GBP is notorious for pulling back violently before it continues in the direction that it was headed so let's see what happens. But this is why we as traders always need to remain neutral and open-minded so that our bias doesn't cloud our judgment. My forecast for today I've posted below. Have a great day! WTICO/USD: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it. • If price only pushes up to and ideally just above our upper rayline and the last part of the move is corrective, then I'll once again be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it but I'll be hiding my stop loss above our upper ascending trend line for extra protection. • If price pushes up impulsively to and ideally just above our upper rayline, then I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
Nothing on watch for me today.Hi guys and girls, I hope you're doing well. I'm not sure when I'll be returning home yet, but just to say that as soon as I have I'll be making some more videos for you all. As I mentioned previously the airwaves where I am regardless of whether I connect through the wifi or I tether via my mobile data seems to be so saturated now that my trading videos no longer upload, but back in Scotland the story is very different. So I look forward to bringing you more videos as soon as I can. The market at least how I look to trade looks like it needs a little more development at the moment, so I'm happy to sit on my hands until this evening when I create my Wednesday Forecast to give the market time to develop. But just to say that I got long on EUR/GBP yesterday with a risk entry after a one hour retrace, after a clear and obvious 1, 2, 3, touch structure break below a daily double bottom and ever since in typical EUR/GBP style price has just been trickling around my entry point. But we've since had a strong daily close, a strong four hour close and now it just looks price has formed an impulse, correction continuation to push higher and wash out all of the retail traders who sold below the most recent stand-out liquidity point believing that it now acts as resistance, but we shall see. Pictured above is the EUR/GBP trade which I'm currently still in. Have a great day!
Long
by StewySongs
Careful with Bitcoin at this levelBitcoin has just retested it's previous level of downward pressure. This could just be a pullback which will push us above the highs or a failure back to the $35,000 level. The current candle formation, within this short term downtrend, is showing to be extremely bearish. Look for price to retest one of the solid white lines I've drawn, before adding to you positions, as we are in a neutral zone right now & could head either way, regardless of fundamentals. See my previous posts, as I am still holding shares from my original entry below $20,000
COINBASE:BTCUSD
by BillionaireTomBoi
2
NZD/CAD, NZD/CHF and AUD/CAD on watch for me today.Morning all. I have three pairs on watch today. The first one I'll almost certainly not be trading now which is NZD/CAD, because I just placed a market order on AUD/CAD and I never have more than 1% of my capital exposed to any one currency at any one time if my bias is the same on that currency where both currency pairs are concerned. But it's possible that NZD/CHF might give me an entry by the end of the say, because it's doing exactly what I thought it might do at the moment. So I'm currently short on AUD/CAD, so I'm now just watching this for monitoring purposes, but the other two are what I'll be watching for trading purposes for the rest of the day. Have a fab day folks! NZD/CAD: • If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/CHF: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it. • If price only pushes up to and ideally just above our upper rayline and the last part of the move is corrective, then I'll once again be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it but I'll be hiding my stop loss above our upper ascending trend line for extra protection. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/CAD: • If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
1
AUD/CAD on watch for me today.Hi guys and girls. Just one pair on watch for me today. We have a nice doji suggesting a possible reversal to the downside along with some fairly solid structure. If my requirements are met then I'll be looking to get short on this pair today, however as I type we're starting to get some momentum kick in to the upside. If this continues and price pushes up to the top of structure then I will simply take this pair off of watch and "simply wait until another setup which meets my plan materialises" as I state in my forecast requirements. Have a great day! AUD/CAD: • If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
1
NZD/CAD and AUD/CAD on watch for me today.Morning all. So I made what I think was one of my best videos ever this morning in terms of the value which I believe it would have provided you with, but alas once again I couldn't connect to a stable enough internet connection for it to upload without the uploading failing repeatedly. I was made aware of someone else on the street that I'm staying yesterday that simply couldn't connect to the internet at all. So it would appear as I said yesterday that the airwaves in some parts of the country are now so saturated that stable internet connections are practically non-existent. But I guess it is what it is, so I've posted my forecasts in image format for your viewing. Have a great day! NZD/CAD: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If price only pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll once again be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll again be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/CAD: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If price only pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll once again be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll again be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
2
NZD/CAD and AUD/CAD on watch for me today.Morning all. So I made what I think was one of my best videos ever this morning in terms of the value which I believe it would have provided you with, but alas once again I couldn't connect to a stable enough internet connection for it to upload without the uploading failing repeatedly. I was made aware of someone else on the street that I'm staying yesterday that simply couldn't connect to the internet at all. So it would appear as I said yesterday that the airwaves in some parts of the country are now so saturated that stable internet connections are practically non-existent. But I guess it is what it is, so I've posted my forecasts in image format for your viewing. Have a great day! NZD/CAD: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If price only pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll once again be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll again be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/CAD: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If price only pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll once again be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll again be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
MXWUSDT on the hourly 🍑*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only* ========================================================== Found this one recently for a trading strategy for me (not HOLD). Using naked price action analysis: 🔸 Descending wedge (bullish) 🔸 Entered at 0.03, will exit near Fib 0.618. IMO this is gearing for another leg up, but watch for the pullback afterwards as expected. As always, watch for volume. Do your own research, check on-chain data. Always be watching BTC. This is not Financial Advice. Good chat.🤖
MLong
by CryptoZani
20
XRP Entries + Exits for FREEHow To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat. All likes/comments and feedback are very much appreciated!
BITSTAMP:XRPUSD
by ExclusivelyFX
8
GBPJPY Entries + ExitsHow To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat. All likes/comments and feedback are very much appreciated!
by ExclusivelyFX
1
GBPUSD Entries + ExitsHow To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat. All likes/comments and feedback are very much appreciated!
by ExclusivelyFX
1
SPX Entries + ExitsHow To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 30 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
OANDA:SPX500USD
by ExclusivelyFX
4