avidtrader89

avidtrader89

You are a Human. This is good. You are capable of making complex decisions. You can identify patterns. You can enter excellent trades. This is also bad. Between your ears is a narcotics factory that will put Heisenberg's mobile meth lab to shame. You've entered a trade. This is it. The BIG one. A one-way ticket to infinite infinity pools. Adrenaline ...

avidtrader89

One of the major reasons why traders lose money is because they ride out their losses and close profitable trades too early. While being patient can help us to achieve our maximum profit potential, being patient on the wrong side of a trade can be costly. This is a great insight into why we are naturally predisposed to riding out losses and not quitting while we...

avidtrader89 Updated 

Hello traders, here's a potential breakout to watch out for on the EURJPY. The weekly time frame shows a bearish bias and a rejection of the 100 EMA a few weeks back, so personally I'll be looking for a breakout to the downside. This 4HR chart shows that price action has been ranging in a tight area for 2 days now. The price has been ranging below the 100...

avidtrader89

We all know that markets can be a pain to trade when they are in a period of consolidation and choppiness. One trade that often appears during such environments is the breakout trade - something I'm sure most of you have traded before. Breakouts often occur when choppy markets are transitioning to a trending market. If executed correctly, they can be great...

avidtrader89

Here's a EURNZD SHORT trade I took earlier but didn't get around to posting. Another successful trade banked for +60 PIPS PROFIT - Long term bearish trend - Daily direction is short - Rejection of previous high - Lower lows and lower highs - Rejection of 20 EMA on daily chart and 100 EMA on 4HR and 1HR charts Entry at 1.47650 coincided with the 20 EMA on the...

avidtrader89 Updated 

Ozzie Kiwi looks to be heading due south after a rejection of the key monthly resistance level of 1.05000, a rejection of 100 EMA and trend line. It also made a lower low and a lower high. Look for a retest of the 1.05000 level on the lower time frames to pin point entry. Target: 1.04000 (100 pips) Stop: 1.05800 (80 pips, above the previous high and daily...

avidtrader89 Updated 

Trading a reversal off the strong monthly support and resistance level of 0.77000 and the 100 day EMA to the next strong monthly support and resistance level of 0.75000. This area has shown significant consolidation over the past few months as buyers and sellers establish an equilibrium. Be wary of a potential breakout, higher high and close above the 0.77000...

avidtrader89 Updated 

A potential short setup has occurred as price retests historical monthly support and resistance level at 0.73000. Look for a break below the short term uptrend phase line and a rejection of the 0.73000 level and upper trend line. Set stop loss a few pips (10-20) above previous high of 0.73500 and look for initial target of 0.71500 and second target of 0.7000.

avidtrader89 Updated 

A potential short trade to continue the bearish trend following a pullback and rejection of the 20 day EMA. 1:1 risk/reward ratio trade with a 100 pip profit target set at 1.46700. Stop loss set above the previous high at 1.48720. Time target: 1-4 days Risk management: 1-5% of trading account, potential hyper trade to lower low.

avidtrader89 Updated 

A potential short setup to follow the bearish trend after a lower low and a rejection of the 20 day EMA. 1:1 risk/reward ratio trade with a 100 pip profit target set at 1.46700. Stop loss set above the previous high at 1.48720. Time target: 1-4 days Risk management: 1-5% of trading account, potential hyper trade to lower low.