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Daytrading RECAP 04/07/20 - SPY Cost Me -1.875%!!Hi traders, Tom with another recap here. *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the graphs.* I hate losing as much as the next guy, but let's be honest, trading comes with losses and as long as you keep them low it's fine! Two trades today: 1) APA - entry LONG @ 6.85 with 6.45 SL, exited @ 6.5 (saved some money) 2) DAL - entry LONG @24.01 with 23.61 SL, exited @SL SPY behaved funny for my trading style and spoiled my plays. But hey, it's always times like this to come up with some tweaks. This means I gave up -1.875% today, but still slightly profitable for the week and we've got still 2 more days to go! Last week I ended with +8% so let's see. Fingers crossed ;) How was your Tuesday? Did you beat me? Good trades, Tom from FINEIGHT
AMEX:SPYLong
by Fineight
2
Gold Long Update 10/02/19aboveThis trade appeared to work out perfectly. Painted a picture perfect bull flag, in addition to rejecting a specific level around 1475 on the low end, and 1478 on the high end of the level. The smma crossed north through and fanned out in a bullish manner. My entry was based off of the retrace of the bull flag, in addition to price closing above the cold smma. One particular reason I chose that level for rejection or acceptance was a combination of two different things that are confluent with each other. The first being the whip saw candle that painted itself at 14:15 UTC on OCT 1st, 2019. That particular candle seemed to be either a resistance or support flipping point, and in this particular case, it acted as a support. In addition to that candle, when I highlighted its upper and lower bounds, I actually noticed that I lined up with two low volume nodes on the volume profile that, in my opinion, coincide with the junction or separation point of the two levels. The levels below (around 1475-1462), and the levels above (around 1478-1489). In this particular case, I was expecting a small pull back in price before it continued further up in price.
OANDA:XAUUSDLong
by BitkoinKing
Economic News for the week of August 24thNew format figured i would split up the economic news from stocks news into two charts. Will post economic news on the EURUSD charts while stock news on the SPY charts. This is in order to cut down on space used up in the charts. www.cnbc.com www.telegraph.co.uk seekingalpha.com www.reuters.com www.reuters.com www.wsj.com www.cnbc.com www.reuters.com seekingalpha.com seekingalpha.com www.irishtimes.com seekingalpha.com www.nytimes.com www.census.gov
by schmidtke_jake
AUDUSD Recap (Recap)AUDUSD we saw the price rally to the upside as predicted last week and gaves us nice pips. Now the price reached 61.8 fib level and broke it and heading to the 78.6, the price still bullish but we will see how the price handles that level, still the price could head to 0.81000. Tenemos AUDUSD una buena corrida a la alza, he puesto el fibonacci de retroceso para ver donde el precio se puede comportar. el precio subio paso nivel 61.8% proximo nivel a llegar es 78.6 vemos si el precio respeta ese nivel, igual la tendencia de ese par es alcista desde antes asi que estamos viendo una extension del precio, puede hasta llegar a 0.81000
Long
by BelieveFx
GBP/USD Closed In ProfitHey Traders, We have closed our GPB/USD trade from yesterday in profit. The reason for the close is that price action has twice rejected the 1.27000 level and we now await a break of this level to resume our buy bias. On another failed break we will consider selling at this level as buyers maybe exhausted and the market will need to drop before buyers re-enter. We of course are led by the market and will inform of when we see a signal to enter again. We captured 82.6 points from this trade which is a great start to the week. We hope you managed to make gains on this pair today as well. Do look out for further trade ideas from us over the course of the week. Trade brave.
by EuroDollarExpert