Markets overall have been in a range market with a high degree of volatility. Pay attention to your risk reward targets and tighten up the target profits. You are may not see those target getting hit in this slow market activity. Take the bunt hits and walk away. Be patient and look for the hanging fruit trades. Good luck and remember to stay patient.
Price is dumping beginning to go lower near the euro session. Start of euro session is ending off on strong selling pressure. We have a long red body candle. I am expecting price to continue to drop during the euro session going into the US session. Look for price to move down from here.
Ranging markets are difficult to trade. Most traders find themselves stopped out in a range market and wonder why. It is very simple. Ranging markets have a short range. Meaning the price movement is very tight. When traders are trying to hit their 1:2 or 1:3 risk reward targets, they become frustrated and wonder why they are loosing. Some remedies I suggest...
Price has followed through with our trading plan. Price broke and closed below key support area by a hair, but was enough to trigger short sellers. Looking for price to hit the 1.5550 target level.
We have 2 trades going on right now on the eur/cad and gbp/cad. Both are showing signs of weakness and broke key support levels. Looking for both to continue to the downside.
We are finally seeing some bearish price action on GBP/CAD. Price has ended with a long red candlestick on the 12 hour. I like that the candlestick is a long red candle with no tail at all showing bears are in greater control. Over trend is down on the daily chart. We are expecting price to crash and burn from here.
This video is a market review for June 26 to July 1st 2020. We have been in a range bound market for the last week, with Friday being a huge bullish day as traders trying to look for cheap sales in the market. Nonetheless, we are still in a bearish market at this moment. During this range bound market, trade less, minimize your position size, go to a lower time...
We are seeing price is closing below the 1.58740 level. Over all trend is down on daily and moving average has a good negative slope. We expect price to crash and burn from here.
Price is in a long term range on the 8 hour chart. The 1.3700-1.3750 level is a key resistance level. Price may fall from this key resistance level. Last 3 bars are red candles with long bodies. Bears look like that are in charge now. We expect price to crash from here.
Price has finally retracted back at is at a bargain to short now. We have 2 long red bars with little tails meaning buyers are not interested. I am expecting price to drop from this level.
Weekly market review for June 19 to 24, 2022. Market has been ranging a bit after a huge sell off about 2 weeks ago. The market is taking into waiting for a catalyst to move. Wait patiently since summer month trading has slowed down considerable.
This is my method to enter swing trades. To me, entering either near the close or the beginning of each session closing daily bar is the safest way to enter the market. Do not enter when the market is closed or when there is news coming out, as the spreads will be very large and reduce the entry price. 1. Find the daily trend for the past 6 months or more. ...
Hi traders, we have a potential bullish setup brewing on the 117 support level. We've had some past support at this level and if we are able to wait for the 8 hr candlestick to close above 117, we could see a potential bullish move towards the 124 level. Be patient.
Why are you still losing money. Its very simple. 1. Over trading. 2. Not trading your plan. 3. Risk management.
There is blood in the water in these markets. We are in a strong bear market. Indices are all down across the board across, america, europe, and asia markets.
Today saw a huge sell off in the markets. All markets down across the board. Took profits on our Gpb/usd and nzd/usd pairs for swing trades, and hit up a couple of good nasdaq day trades.
We have entered short both NZD/USD and GBP/USD. There is strong momentum down on the daily. Previous bar candlestick has no tails meaning no buyers are willing to enter the market. Looking for a strong push to the downside.
We are seeing a reversal soon on the NZD/USD pair. Price has steadily climbed back up into resistance at 0.65229 and now a series or red bars are forming. Waiting for a long red candlestick pattern to break and close below 0.64229. Be patient traders.