Trade_Journal

Trade_Journal

SPX - I haven't changed much since I analysed this pair - GAP FILLED - Whats next? Let me tell you it's simple - We could either head to the all time high areas again or we come out of this ascending channel and decline. Think about the arrows drawn....! Bears are in control under: 3200 Bulls are in control above: 3280.9 This is looking at medium term outlook,...

Trade_Journal

Let me break this down for you... Yesterday, I had this triangle formation drawn. Bullish momentum was ready to occur if it broke to the upside which it did. That's great the pattern worked - I measured the the triangle and we are at that exact area. Now sometimes, there is no pull back its a formation of a break out that sometimes occurs within the markets....

Trade_Journal

It's a pair that some traders are finding difficult to trade but let me break it down for you: Technical: - Bull Flag - Resistance area: 1.31400 areas and that's where the target of the Bull flag would end. (Patterns don't always work out - that's another thing to keep in mind that's why looking at the levels will help). If we were to decline the areas that...

Trade_Journal

I took a fade trade on the majors yesterday, dollar rising- worked out great but you got to remember and think - Is it time to sell again? AUD/USD, Keep in mind it is a commodity currency pair. Until it's not passed below the yellow small bullish channel we have going, the bulls are in control - Areas to keep an eye on are: 0.71800 /0.71900 then it could be an...

Trade_Journal

Not my usual choice, but if there's a good clean set-up I will go ahead and analyse it further. EUR/NOK - Will the bullish momentum continue? Technical Aspect: - Pattern wise - Looks like inverse head and shoulders. - As long as its above that trend-line up the bulls are still in control - This trade idea, could reach towards 161.8 areas As the market moves...

Trade_Journal

AUDJPY - It's another opportunity! AUDJPY Technical Aspects: - Pattern - Bear Flag Formation - Trend-line Down - Trend-line Up (First one - went passed it - if the candle on 4hr closes bearish we see a bearish momentum to continue...To where? To the second trend-line up. - Out of the range it is below bearish momentum next support areas - 74.40 areas. For...

Trade_Journal

VIX - measuring the volatility over period of time of SPX . Why do I bring this to your attention? The more advance you get towards trading and the immense amount of passion I have towards trading, I get excited and explore various other charts support indices which for this instance it's the VIX - Correlates usually highly with SPX. What do I mean? We are in...

Trade_Journal

GBP/CAD Technical aspects: - We have an inverse head and shoulders - Trend-line up - Fibonacci retracement What to do now? You have many options - what does your trade plan say to do? - You could take the fade trade down to 0.618 or 0.382 areas - Wait for the pull back see if the pattern of inverse pattern stays take the high risk reward trade and take the...

Trade_Journal

Technical aspects: Bears in control: Bearish flag formation once confirmed if it breaks below support area of 12800 area the bears are in control measure the bear flag which goes well with our descending channel 12680-12560 areas are key support areas! Bulls in control: breaks about that key trend-line down going towards reaching the next trend-line area is...

Trade_Journal

EUR/MXN - Great opportunity. I took the short from yesterday, as the pattern looked like bear flag as well as descending channel and various other aspects. For now technical aspects: Below the support of 25.78 the bears could have further control and head towards the next support areas of 25.68 which matches out retracement of Fibonacci 161.8 area. Above and...

Trade_Journal

CAD/CHF - We have a wedge formation...! This could be interesting. With all markets, there are opportunities, luckily in FX Trading you've got various minor pairs you could go dig into. I present you CAD/CHF in an interesting wedge formation. Bears get further control if it declines towards lower ends of 0.68 areas. Below further decline the next support area...

Trade_Journal

FTSE100 -UKX - What can we expect to happen? I am strictly basing this analysis I share with you today on technicals only with additional aspects of trading psychology. Technical Aspects: We have a wedge formation, a break to either direction is key. We also have the Fibonacci Retracement to keep in mind. Support and resistance areas combined with key...

Trade_Journal

Possibly..could be time to de-risk...! I was overal bullish when it comes to equities - However, when things start to look a little over extended it's when I start to take positions off (De-risking) and I start to think of opportunities of - perhaps sell opportunity and where could be the next pull back for me to add a position on. With trading you can create a...

Trade_Journal

We are at ascending channel but key support area we break down further out of the bullish moment - we will have the bears come out...! Now, I was very bullish on banks overall - even when they had there earnings. For this moment time technical aspects lets concentrate - if we go further below our next support area would be: 193 - 188 areas & Resistance areas...

Trade_Journal

It's not my usual choice, but I got privately messaged to analyse BTC...So here it is! Little story for you, it's was the first investment I ever made was in cryptocurrency - I don't regret it but it's something I don't trade any longer. However, I will always help grow the community further and analyse BTC pair for fun! Technical aspects: We have a triangle...

Trade_Journal

This chart is going combined the biggest market cap of NASDAQ. Technical aspect: Below the areas we are currency at, the next area below would be 5518. That would be heading NASDAQ further pull back. Higher above could go towards 5948 areas - Above could just follow the ascending channel. Increasing likely hood of testing key resistance areas. Interesting...

Trade_Journal

Key word right now that I want you to keep in mind - Inflationary. Why? That's the period we are going through, when this occurs you can tell metals rise, check out copper, gold, platinum ...the list is endless...! I can go on about various other instruments too. We could even go back to 60/70's Want to know further in depth what happened then - message me...

Trade_Journal

BUND I like to compare the currency euro with its bond market the bund. Why? Simply looking at the macroeconomic front of countries as we had strong PMI's this friday come out from European countries, bunds is focused to Germany which you could of took scalp or swing trade towards the positive outcome. Whilst looking at the fundamental aspects i'd reflect...