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GOLD TOMORROW INTRADAY ANALYSIS - The current gold price is around 2535 (likely referring to the USD per ounce price). - If the price breaks above 2535, it's a buy signal, with a target price of 2550. - If the price breaks below the support area of 2403-2402, it's a sell signal, and you'll take a short position (betting on price decrease). Please note that this is a very short-term trading strategy and gold prices can be volatile. It's essential to consider your risk tolerance, market conditions, and other factors before making trading decisions. Additionally, it's always a good idea to consult with a financial advisor or conduct your own research before entering any trade
OANDA:XAUUSDLong
by BELLATRIXFX
Possible CHF/JPY Short positionSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4-8 Hours Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will find resistance at current levels at @ 111.340 level and move towards the first Target 1 level @ 109.620 FX:CHFJPY Trade Management Entered @ Sign up for details Stop Loss @ Sign up for details Target 1 @ 109.620 Target 2 @ Risk/Reward @ 1.5 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
Riding the bullish momentum of the USDCAD - daytrade/intradayThroughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im expecting this to go higher with a target of around 1.2800 - around 80 pip profit
Long
by ppp7
LTC - When a setup fails ego should lose to career longevityHello all, Today's post is more about professionalism in the face of failure then reporting any new setups. Recently, I had started to make the case for the Alt coins and their long anticipated catch-up rally to BTC. While I still do feel that scenario has a high likelihood of playing out, this production is all about LTC's recent failure and how I acted in the face of the failure. I personally am a big fan of the 'double bottom' price pattern (W's) to setup up long trades and whenever I see a double bottom within a double bottom I get really excited. So to that end, I bought the double bottom within the double bottom on LTC (indicated level on chart above) with the anticipation that LTC might do a similar bullish harmonic price pattern move that BTC did and/or at least test the highs at/near $14.20. I was willing to risk to the bottom of the double bottom (10.06). This represented about $1.00 of risk for $3.00 potential reward. Put it all together and I felt the setup was within my plan and I took it. As I have repeatedly stated in the past, I have yet to meet a trader who was/is 100% accurate and I simply do not believe such a thing exists. Indeed, as a prop crude oil trader, many of my peers would shoot for 60% accuracy. The key here is, when they were right they got paid 2 to 3 times how much they lost when they were wrong. So this brings us back to my LTC long setup. It indeed failed and now managing the loss is really a testament to my professionalism and how it's handled is a direct proxy on my career longevity. As a broker I would watch people sit on losing positions and literally let months/years go by enduring the loss. Not only does this do great psychological harm, but it also ties up capital which may have found new (maybe even better) uses. I shall not take that road. I am more than comfortable admitting the setup failed, exiting at my stop level and booking the small loss. I have done exactly that and shall now move on to new ideas. Cheers all and hope it helps If my charts help you, or you use my indicators... please consider a BTC donation to allow me to continue my work : 1EBttA56cWsgtsZn83VGiNT8si7inZV5Z5 & follow me on Twitter @CRInvestor
BITFINEX:LTCUSD
by CRInvestor
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