Hi Guys, As usual, i'm posting my trade setups as i seem them occurring. Onto the TA: We've currently at support at S1. As you can see it's been used historically as support via the green circles. The Top Level Resistance is above, labelled R1, and if you pan left, you can see it's been used historically as support and resistance. D1 is our upward resistance,...
Hi Guys, As usual, i'm posting my trade setups as i seem them occurring. I'm not in love with this current setup, but i think it has potential, so let's see how it all pans out. Onto the TA: We've currently at support at S1. As you can see it's been used historically as support via the green circle. The Top Level Resistance is above, labelled R1, and if you...
Hey TradingViewers! How's it all going! Following on from our Trading Support and Resistant Series, here's How and where to place Orders, Stop Losses and Take Profits. If you've been following the previous posts (When Support becomes Resistance, and Resistance becomes Support and How to identify trades using Support and Resistance) you'll notice we're using...
Hey TradingViewers! How's it all going! In my previous post called When Support becomes Resistance, and Resistance becomes Support we identified where to place support, resistance and trend lines. Following on from this, we're going to identify where the best places are to execute a trade. This post will identify trade setups, as well as the reason we're going...
Hey TradingViewers! How's it all going! I was planning my upcoming trades for this week and came across a great example of When Support becomes Resistance, and Resistance becomes Support! I'll explain why i place each of the levels, and why i place them where i do, why that's important and perhaps most importantly, how to trade it! So let's get to it. I've...
Hi Guys, I'm playing around with some new presentation styles so let me know what you think. Onto the TA: We've currently at resistance turned support at S1. As you can see it's been used historically as resistance outlined by the red circle, and currently as support, green circle. The Top Level Resistance is above, labelled R1, and if you pan left, you...
Hi Guys, As it's closing in on the end of the month, i've started looking at some options for April. I've come across a potential LONG on the EURMXN with an R/R of 3, I say potential because we're not in a position yet to place the order. So to explain the analysis, we're currently on a March long downtrend referred on the chart as dt1, and also closing into...
Hey guys, I've identified a possible trade currently in motion for EURCAD . I'd like to explain to you why i think this is a trade, and how i'll proceed, if i do, in fact choose to trade it. So at Line 1 we have our Top Level Resistance, Line 2 is Bottom Level Support. These are both at these points because, price has moved significantly counter to the current...
Hey guys, I've identified a possible trade currently in motion for EURCAD. I'd like to explain to you why i think this is a trade, and how i'll proceed, if i do, in fact choose to trade it. So at Line 1 we have our Top Level Resistance, Line 2 is Bottom Level Support. These are both at these points because, price has moved significantly counter to the current...
So let's get to it. At the end of every day, week and month i look at each currency pair to see if they're at a notable point of support or resistance. To identify a notable point, it's as easy as seeing if the current price action is at the point where historically, price has moved significantly counter to the current trend. It's that simple. Which brings me...
This post is in reference to CADJPY SHORT -- A possible Big Canadian Short in coming Days. This could be a large counter move (LONG) depending on the price action of CADJPY. This post intentionally contains little information, as the primary trade this is referencing is CADJPY, as listed above. Many Thanks,