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Possible EUR/USD Short Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 Days Strategy A – Activating Event Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 1.095 C - Fundamentals USD Retail Sales Advance due to come out @ 22:30 AEST D - Trade Management Entered @ ..... Stop Loss @ ..... Trailing Stop Loss@..... Target 1 @ 1.095 Target 2 @ .... Risk/Reward @ 3.1 Happy trading :) Follow your Trading plan, Remain disciplined and Keep learning !! Please Follow, Like,Comment & Follow :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
SLV WAIT FOR CONFIRM SHORT OR LONG POSSIBLESLV false breakout or sideways pattern possibility, wait 2 days. This could be a false breakout, making a SHORT possible in the next 2 days, based on the Intermediate Resistance turned Support level at 15.20(BLUE), based on 4 hits. Otherwise it indicates a LONG toward the next resistance level at 15.90(YELLOW), based on a sideways pattern occurring from Feb `18 to Jun `18 until it broke out. In the case of SHORT watch for Support level 14.80(ORANGE) based on 3 previous hits, and a lower return back to the 1-year major trend-line (WHITE). Shorting possibly all the way down to 14.05.
AMEX:SLV
by SwingTrader95
What to expect on XAU/USD (GOLD) and how to trade it?DAILY CHART EXPLANATION: We observe that price broke strongly the Weekly Resistance Zone (now support zone) with the actual daily candlestick. At this moment it is facing the 1.272 Fibonacci Extension Level of the previous daily impulsive movement, and also the 1.618 Extension of a lower timeframe impulse (explained on the 4h chart). Due to this, price may retrace a little to the broken zone to continue the upside movement. We will wait for this confirmation to take long positions, since we do not like to trade trying to catch the price after it made a big movement. 4H CHART: WEEKLY CHART:
OANDA:XAUUSDLong
by ThinkingAntsOk
1
Size Position and stop losses (what’s the effective way?) what’s more effective having tight stop losses with bigger size position ,or having a smaller size position with a wide stop loss? Well as you know in trading every day is not the same. So you can do either or depending on how the day is going.For example if instruments you’re trading is very volatile it would’t be such a great idea to have a big position with a tight stop loss.You may have thoughts of doing it because if you’re able to pull it off you might make some good money fast, but you will have a very high chance of being stopped out. Then that’s when disaster happens most likely your emotions will take over and you will start to revenge trade. For this reason it would be better to trade with a small position and wider stop losses. Now, if the market is a little bit slow you might do the opposite depending on the situation. It really all comes down to the chart pattern, volatility , trends , and so on. Quote: “It’s critical for the crocodile to understand its prey and to know where to look for it and remain calm and patient until it arrives. As traders, we have to know what our trading edge looks like and where to look for it and then control ourselves enough to not over-trade before it arrives. “- Nial Fuller Trader essential from Amazon 1. amzn.to -Tylenol Extra Strength Rapid Release (LOL) 2. amzn.to -Encyclopedia of Chart Patterns 3. amzn.to -Apple MacBook Pro 4. amzn.to -OLLY Goodbye Stress Gummy, 5. amzn.to - Lenovo Ideacentre AIO 520S 23-Inch Desktop Computer (Intel Core i5-7200U, 16GB DDR4, 1TB HDD, Intel HD Graphics 620, Windows 10), F0CU0001US 6. amzn.to Apple iMac (21.5" Retina 4K display, 3.0GHz quad-core Intel Core i5, 8GB RAM, 1TB) - Silver 7. amzn.to -Dell i5680-7813BLU-PUS Inspiron Gaming PC Desktop 5680, Intel Core i7-8700, 16GB DDR4 Memory, 128GB SSD+2TB SATA HDD, NVIDIA GeForce GTX 1060, Recon Blue, Windows 10 64-bit
BITFINEX:BTCUSD
by Red_Rock5
11
EURAUD: Swing Trade Setup Whats up traders? We are looking at this new Swing Trading Idea on the EURAUD pair. Price has been in a nice bullish uptrend since days. After three levels of rise and a peak high forming, we are looking for short orders in the market. Divergence is also in place for this trade. As this one is a Swing trade, our stop loss is a little bit wider. In this case more then -50 Pips. Although the stop loss is wider, the risk reward on this trade is more than 1:10 if our take profit hits. Thats more than great! Wishing everyone success and a profitabel trading day!
Short
by darian_fx
3
Consolidation = ManipulationBanks are back at it again with yet ANOTHER manipulation scheme. We aren't missing this one though. we made it through the sweep/spring phase, and now we just wait for the retest and confirmation. Risk carefully, boys! Are you interested in being apart of a team of full time traders. Giving signals, and bouncing ideas off one another with a positive environment? Have access to some of the top traders in the world? Have an educational platform specifically for trading? IF any of these interest you feel free to message me at any time. I'll be more than happy go over the full details of ImarketsLive.
OANDA:XAUUSDLong
by RodkneeIML
Possible AUD/CAD short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-4 Days Actions on - A – Activating Event Market will meet resistance in zone @0.955 - .... and fall to the 0.942. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 0.942 FX:AUDCAD Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 0.942 Target 2 @ .... Risk/Reward @ 5.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader