Often talking about patience in trading (and many other areas in life) but it's a skill that requires lots of hard work and practice to "master". Had been in that long USDCHF for some weeks now, and after breaking above the previous level of resistance, I was expecting a period of consolidation and and a continuation to the upside (where I could have added to the...
Inspite of some mistakes on my 2 long positions on this pair, I still managed decent profits and have trailed stops securing 127 pips of profits on my long position. After break and close above the last resistance level on the daily, price has been consolidating on the H4 for the past 2-3 days. Question is now if price will break to the upside and continue...
I had been having this pair on my radar this week, looking for an opportunity to get on the long side as price was retesting multiple levels of support. Got an opportunity thursday night with the bullish Cypher on H4 (sees better on the H1). Already hit T1 (+26 pips) and will trail stop on the way up where T2 seats below the previous level of resistance....
After a first attempt to short this pair this week (only got +3 pips on first target and stopped out on the remaining 50% for -80 pips), I might get another opportunity on my radar for next week : price has pushed a bit higher straight in my resistance zone with RSI strongly oversold. I will be looking for a double top on H4 or a breakout to take another shot to...
Keeping a close eye on AUDUSD & USDCAD this week, but price is not in the area where I'm looking to get involved so will have to be patient and looks like I'm not gonna get anything interesting according to my plan this week. So wanted to share this trade I've been in for a couple weeks now : took a nice double top at a daily level of resistance and banked 2 nice...
After a profitable trade on this pair this week (got long at the green arrow and hit T1 the next day for +28 pips; have 30% still open) I will be looking to get long again if my rules for entry get met. Price was on thursday-friday putting a new consolidation/compression on the H4 so I will be looking to buy if getting a breakout to the upside; adding to my...
Last but not least, I had been eyeing this pair all week but never got rules me, so will keep this one on my radar for the coming week. Price as at the level where I want to get involved and I'm suspecting it will put a compression on the H4. Because it's sitting now at my higher timeframe level of support/resistance it's giving me a similar situation than EURUSD...
Took a loss on this pair this week as I was looking to sell this pair on a pullback after price had been breakout daily consolidation/compression. Price is now sitting at the broken level of resistance and putting an interesting compression/consolidation on the H4 where I'll be looking to get involved either way price breaks.
Second pair on top of my list is AUDUSD where price has been consolidation, for a few weeks now, right above a monthly level of support, so I will be looking to buy this pair as well for a continuation of the weekly range. Price is currently "compressing" on the H4 potentially giving me an opportunity to buy this pair relatively soon.
Got a few pairs on my radar this week, but first on top of my list is this pair for potential long opportunity. After price broke above both daily and weekly above a previous level of support/resistance (the green box with red border), I'm looking to buy this pair for a potential retest of the 1,36 area (previous level of resistance on the weekly + a monthly...
Had been involved in a short since last week on this pair; trade that had been going side ways for days until price finally decided to move to the upside, stopping me out of my short trade and giving me a signal to get long instead. Riss-reward ratio not as interesting on first target as the short trade, but the signal is the signal! Good luck in the markets this...
Haven't shared anything this week so thought I'd share a trade I got involved in last night. Price has been ranging on the daily for the passed couple weeks (between the green & red box which are my support & resistance zones on the daily). Spotted the Gartley on the H4 as a reason for a entry to trade the continuation of the daily range. T1 in the middle zone of...
Just wanted to share what I'll be looking at on this pair. Today's candle close will be decisive : if we close below the support level I will be looking to sell this pair. However, if buyers manage to regain control and push back price inside or above the support zone, before the daily close, I will be looking to buy this pair instead. In both cases, there is...
Had USDJPY and AUDUSD added to the pairs I will have my eyes on this week (on top oc CADJPY and USDCAD), and had a reason for entry around lunch today allowing me to get long USDJPY, after a break of consolidation/compression on the H4, giving me a nice potential risk to reward ratio. Will be looking to take first target out at the 111,25 area. Good luck in the...
As shared in a previous chart I'd been buying this pair last week (the first green arrow) on a H4 buy signal at weekly/daily support level. Earlier today I got a new buying signal allowing me to add to the current position and secure profit from the first trade as the stop has now been moved up to the new trade stop. I will be looking to continue trailing stop...
Morning folks! It's important to stay responsive to what the market is doing and not stay "stuck" with your opinion. I don't trade my opinion (or any one else's opinion) I trade the markets and had a change of biais on this pair after yesterday's close : till then I was looking to get involved on the long side, but after the close yesterday below the support...
I'm still keeping a close eye on CADJPY and USDCAD this week for potential new trades (both pairs are compressing on the H4 at the bottom or top of a daily compression, so will wait for break of the compression to get involved) but it is EURGBP I got involved with yesterday! The pair had been in a tight compression on the monthly timeframe since the end of 2017,...
Been keeping an eye on this pair for the past 2 days as after an extended move up at the end of december, the price started retracing beginning of the year and is now consolidating at a previous level of support/resistance. If price break to the upside I'll be looking to buy this pair with a first target in the 1,36 area. However, if it breaks down through the...