To
Trade 13: Short AUDCHFRisk of capital : 2%
Action: Sell at 0.7374
T1: 0.7323 ---- T2: 0.7268 ------ S.L: 0.7412
For more details about the trade and all Stats since start of journey (May 11) goo.gl
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Remember
-Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
Best
Technician
Trade closed manually: closed manually at 1.6896
Trade 11: Long NZDCAD Action: Buy limit at 0.9660
T1: 0.9749 ------ S.L: 0.9615
If we reach above 0.9710 before triggering entry the trade will be cancelled. Unless I stat otherwise in updates.
This Trade will have Risk of capital of 2%
For more details about the trade and all Stats since start of journey (May 11) goo.gl
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Remember
-Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
Best
Technician
WTI: USOIL: Close to target so closing down shortsWTI: USOIL It's not quite reached the target yet by about 11 pips but if it touches that perfect level it will likely only be a spike, so am closing out here and thinking about a counter rally long for 100 pips - still overall bearish though so still looking to short again, but hopefully from higher up - or on a break below first target as per comment.
Trade 8: Short USDNOK
Action: Sell Limit at 8.477
T1: 8.407 T2: 8.308 S.L: 8.516
This Trade will have Risk of capital of 2%
For more details about the trade and all Stats since start of journey (May 11) goo.gl
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Remember
-Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
Best
Technician
BITCOIN: BTCUSD Parabola back in play - more to come nowBITCOIN: BTCUSD Fantastic price action has pushed Bitcoin through the old high like a knife through hot butter. There's more to come now...
Trade 7: Long EURNZD Reasoning
Bullish breakout above falling wedge
Breakout in the direction of the main daily trend
Bullish engulfing candle on the daily chart
Stochastic near oversold on the daily
Trade Levels
Entry: Buy at 1.5850 - Target 1: 1.5993 - Target 2: 1.6150 SL: 1.5778- Avg. RR = 3
This Trade will have Risk of capital of 1.5%
Stats before this trade
Number of trades: 6
Winning Trades : 2 Losing Trades: 3 Breakeven= 1
Net return: +1.6
Remember
-Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
Best
Technician
USDEUR: Neutral now but likely to break higherUSDEUR: Stuck in near term neutral but a break is coming. As things stand now that coming break looks to be upwards, not downwards so long as today's lows continue to hold
DXY: Dollar Index neutral now, next break imminent, follow it.DXY: The dollar index has slipped into near term neutral as markets decide the next break. When it makes up its mind the move should be followed on USDEUR
Trade 6: Short term simple Long Reasoning
Strong short term uptrend
Pullback to rising trend line
Hammer candle at trend line
Earlier breakout above 200-days and 50-days simple moving averages
Trade Levels
Entry: Buy limit at 0.8680 - Target: 0.8743 - SL: 0.8649 - RR: 2
All my trades will have Risk of capital per trade of 2%
Stats before this trade
Number of trades: 5
Winning Trades : 1 Losing Trades: 3 Still active: 1
Net return: -2.4%
Remember
-Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
Best
Technician
USDEUR: USD ready to rally from hereUSDEUR: After rinsing out the gains made over the holiday period USD is back on support and looking to rally again from here
BITCOIN: BTCUSD Must break above 2350 to stay positive nowBITCOIN: BTCUSD Approaching major resistance at 2340- 2350 again. It has to break above 2350 now to remain positive and to re-open the way for 400 point rally back to the high
Trade 5: Long USDCHF at Potential SupportReasoning:
The price at potential support:
Long term rising trend line
78.6 Fibonacci retracement for major bullish wave
1.618 Fibonacci extension for latest bullish wave
RSI Oversold and showing divergence
Long legged doj candle
Trade Levels:
Entry: Buy limit at 0.9705 - T1: 0.9813 - T2: 0.9950 - SL: 0.9640 - Average RR: 2.71
All my trades will have Risk of capital per trade of 2%
Stats before this trade:
Number of trades: 4
Winning Trades : 1 Losing Trades: 2 Still active: 1
Net return: -0.4%
Remember
-Never risk more than 2-3% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
Best
Technician
BITCOIN: BUY SET-UP for this dip (conditional)Bitcoin:BTCUSD If you want to hitch a ride to the craziest show since internet there is an opportunity coming up if conditions in comment are met. Otherwise wait because this shake out won't be over yet if it cannot regain the trend line just above it and turn it into support - and we should then get a better chance from lower down still
UKOIL: Brent Crude next target hit but more to comeUKOIL: Brent Crude - Brent has moved to within 1 pip of the next upside target at 54.60 and is consolidating recent gains. So long as it holds up off the lower parallel the uptrend remains strong and there should be more to come in near term up to 55.15 and potentially higher still as per comment. So stay with it but be ready to short from higher up tomorrow if we see the right spot to hit it from
UKOIL: BRENT CRUDE Spot: continuues to grind higher towards 55UKOIL: Brent Crude Spot: continues to grind higher towards likely upside target at $55
Trade 4: AUDJPY ShortAll my trades will have Risk of capital per trade of 2%
Stats before this trade starting from May 11:
Trade 1: GBJPY Trade = +3.6%
Trade 2: AUDUSD Trade = -2%
Trade 3: EURGBP Trade = Active
Net Pips: +118.5.
Net return = +1.6%
Best
Technician
BITCOIN: BTCUSD Approaching the highs: caution hereBITCOIN: BTCUSD Aprproaching the highs and therefore becoming vulnerable to profit takers. Aim to do the same if long to lock in profits as old highs are tested and be prepared to go long again once the danger is passed, as per comment. You can draw in the upper parallel taking out the recent highs on 15 minute chart, same as bigger parallels on left of chart.
Trade 3: Short EURGBP at confluence of resistanceLooking to short the EURGBP slightly higher as the price hits multiple resistance levels.
1- The ceiling of the short term rising channel
2- The 200-days simple moving average
3-Bearish engulfing candle on four-hour
4- A falling trend line on the daily chart
5- RSI is overbought
Best
Technician
Trade Idea: a quick trend following short tradeLooking to short AUDUSD a bit higher next week. The price has shown rejection near main resistance area within the context of the overall down trend. Simple, but high probability trade in my view.
Best
Technician
NEtflix short set-up UpdateNetflix: NFLX - looks like I was 2 points out on the short set-up so it was never struck. But today's gap down confirms bears have entered the market now - and if it cannot be bridged today it spells trouble ahead...stop chilling now. OK?
