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EJ 55 pips Sells Breakdown 06/10/2020The first time price broke below support which was required for sells, resistance was formed but we never got the final confirmation required to execute on sells. Price then broke back into the range before we took an entry.
As we had already formed resistance, I was happy to go down to the 5m timeframe to confirm sells. The next 5m candle broke back below support signalling a fakeout, this meant there was a high probability price would drop to the next support.
My confirmation to enter sells was when the next 5m candle broke below the previous candle. Stops were above the previous 5m candle and the targets were 124.200 and then if we broke below that support, we expected price to push down to 123.885. Both of our targets were smashed.
When we broke below the first support, we moved our stops into profit following market structure to make the trade risk and stress free.
Risk free money!Buy spot crude oil at short crude oil June future with a guaranteed profit of around 7$ pr barrel, equivalent to around 30% at 27th of May.
The future and spot price must be the same when the future expire hence why its risk free.. You are welcome.
(just make sure you don´t get closed out of your positions..)
SHORT BTCLooking at Fibonacci levels and sold off my long position all the way up from $8,362.5. Made some crazy profit last few days now set to short as I believe this uptrend is just about a over unless a bounce up occurs that will trigger my S/L. Waiting for the market to cool down again for a re-entry long position if any but for now I think we are heading south. My views only DYOR
XAUUSD SHORTLooking at gold coming down to the 1268 Level. As you can see a channel moving to the downside i am favouring a move down towards the bottom of the channel, towards the end of last weeks close we had a very bullish momentum and now we are seeing the selling pressure come into play.
Lets secure the bag together, entries are everything so make sure you time your entry.
Remember.... Every day is Money day!
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Trade Ideas Review : EURJPY BatJust like all other traders, at the moment when this trade is engaged, the trader(I) see this trade as a Profitable Trade, hence, I've engaged the trade.
What makes me different is that the trading system has been tested, I emotionless engage the trade in acceptance of the worst case scenario, in this case, losing.
The outcome on either Profit or Loss doesn't surprise me in any way.
In this case, a 38pips if a standard contract traded, it's a 380USD/lot gained. To me, I measure all profitability in pips and not in %gained as each trader might engage the same trade in a different approach.
This trade was spotted last week during our Live Mid-Week Analysis, full video version can be found on our facebook page, under Mid-Week Analysis. EURJPY was our fourth analysis of the session.
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