Ive been pushing this USDJPY set up for a while, and caught a little move on the news yesterday, but after moving my stops price came back down and was stopped out. I was able to make some nice profit as mentioned in the last update of the other setup, but ultimately the real setup it still a little ways off, its been slow and bumping trying to get here, and I've...
Pretty clear parameters on a short here, throw the stop a bit above the upcoming daily close, don't forget if it moves your way to move your stops.
I dont really like trading crypto, but I don't like missing trades even more, I'm long here looking for 26-28k, be smart and manage your positions. Longer term charts take longer remember
Sorry for my simple charts, im a full-time trader and just don't have time to bling my charts out with a bunch of things that don't help trading. Real clear short chance here, I put a simple trade on the chart to show the ballpark what I'm aiming for, real cut-and-dry R&R that I like. After 50 -100 pips take enough out to make it risk-free as always.
Im mixed right now with the USDCHF pair, fundamentally I can see many reasons for either bias of the dollar. I also really like the zone we have fallen into for a boost to the upside. However, if you expand the chart you are going to see that this current zone has been real range-oriented in the past and could now be a long messy ride. However, If you are a...
This couldn't be any more clear to me, and we are talking about next level risk to reward action here, Short, stops above the highs, take enough profit at the bottom of yesterdays daily to be risk-free and see if you can catch a runner, coinciding with the monthly candle from last month I would not be surprised to see a larger move down, but only time will tell
Right now I'm flat as the market is sorting itself out, I am waiting for this easy play on the USDJOY long side once we hit this weekly resistance. Should be an easy win.. I'll update it when my trade triggers. Also have some interesting monthlies shaping up which ill be posting more on if they continue to give shape towards the end of the month
Im going to have a hard time believing that USDJPY USDCHF EURUSD AND GBPUSD all happen to be sitting at major resistance zones without some type of move. My view on the GBPUSD here is simple, fundamentally and technically i think we have a long term bottom in. But i think we can look for 2-400 pips to the downside this month. Now this is a monthly chart, there is...
After the daily it was an easy short, will take it down to my shown TL, 1820-30 area but would not be surprised to see 1805-1810. Simple and effective on the daily here.
Im sorry i didnt get this one out this morning at the daily print, It's Thursday and the new year is upon us, I'm not trying to be in trades going into the new year so im going to be aiming for 40-50 here nothing serious, im already up from the print, again i apologize for not pointing it out earlier, busy day. Id like to yet again point out the positives from...
Anyone that was watching during the gap fill got a nice scalp opportunity on the short side, now we have has a move up but still remaining in short territory, I would like to point out this still has some room to the upside potential, but it IS at a nice spot for shorts, The way im gonna play it is a nice small position and if i need to do some scaling i will but...
I'm not sure who has else does this, but this EURGBP is just absolutely ripe for shorts, I don't know how many shorts scalps I have today, but it has been a lot, Very confident we will see at LEAST 50 pips down from here, so I've got one trade for the full move I'm holding, and just scalping it to pieces in the meantime, I expect to exit fully before close.
So, i know i keep posting these extremely simple charts, but i just find it completely unnecessary to have all this crazy stuff all over your charts. In the 15 years I've been trading, I've never once found an indicator that was consistently accurate in FX. Sometimes isn't good enough. The best indicator we have is our eyes. Caught this bounce after yesterday yard...
I'd like to point out the simplicity and the beauty of seeing an uncluttered chart, the price action really speaks for itself, just based on risk reward alone we have the potential of a really nice set up, zoomed back on the weekly, we can see price came right down to major support and stalled out with some indecision candles, if you were so inclined to try. I...
Waiting for this TL to give way here, again another big news event for this pair tonight so im being extra careful but its tough to turn down a trade when technicals have a chance to line up with the fundamentals. Regardless, should be good for some pips. I know the chart looks simple, but obviously lots of years have gone into this and sometimes the simplest for...
I got into a late friday trade which worked out well if you can see on my last chart, i was able to close nicely before the market shut down. Depending how this opens I may re-enter short, some possible scenarios. Market gaps = No longer interested. Market Gaps Down = WIll wait for the gap to fill and get short. If no gap, i will wait a couple of hours to see if...
Coinciding with my USDCHF play from yesterday, its hard to ignore this correlation trade coming in with multiple short signals.I hate trading on Fridays but im confident can get enough to close a profit with this today.
I don't trade the news, please don't misunderstand, I would usually be looking to long the USDCHF here for a bounce from support but with the rates coming out in the next 45 minutes I'll have to settle for waiting for the news release and seeing if it bounces from support, I will be looking for any opportunity to get long in this area, but alas, if the news pushes...