dave25981155

dave25981155 Updated 

I was asked in the Tradingview chat how I place support and resistance lines. So I made a video explaining how I do it. If you are trading for a long time already, this may be obvious, but if you are just starting out it takes some practice. Still there are some principles that can guide the placing of S&R lines. First of all S & R lines are not lines, but...

dave25981155

Since yesterday the market structure for XRPBTC has changed from bearish to bullish. Price has moved above the moving averages and has been making higher highs and higer lows. So I exchanged some bitcoin for ripple at the second higher low (see chart) and I will add some more at the current higher low (see chart). As prices move up I will be moving my stop up. If...

dave25981155

I discussed this setup in my weekly review. Check it out here . This looks like an obvious range bounce trade. I will enter at a break higher targeting the upper end of the range. Stop will be just below the wicks of the previous two candles. I have entered the following into my trading log:...

dave25981155

I talked about htis trade in my weekly reveiw . Again, retail sentiment is bullish, so Iike to trade against this. This is what I add to my trading log: Date Pair Direction Trade Trend Level Signal Entry 2019-05-12 GBPUSD Short Range Side Horizontal Resistance Pin Bar retrace

dave25981155

EURUSD has been in a down trend for over a year now. There is a hig probability that there will be a next leg down. I entered at market near the moving average and resistance zone and placed a stop loss order above today's high. Tomorrow the CPI report will come out. I might get out of the trade before it comes out. If I do not get out then I hope to trade all the...

dave25981155 Updated 

A wide range has been forming on the USDJPY. I am planning to go long at the break higher of today's high. Take profit will be at the other end of the range for a possible 3R return while the stop is a bit wider below the lows of the 25th of March. Here is my entry in the Samurai Trading Log...

dave25981155

Looks as if Gold is stepping lower just like Silver. I will be looking to enter at the 50% retrace of today's candle. This way I will be entering near the resistance level, which gives a nice tight stop and the possibility to set the take profit at 2R just before the next support level. Here is my entry in the Samurai Trading Log...

dave25981155

Silver has been making lower lows and lower highs. This indicates price is trending down. Price has moved back to the moving average. In other words: it has reversed to the mean. From here there is a high probability prices will continue moving lower with the trend. If price moves up past the recent high, then the trade is invalidated. I have entered at market...

dave25981155 Updated 

This trade is correlated to the EURUSD trade I just put on. After today's NonFarm Employement Change, that came out stronger than expected, we are seeing further strength in the USD. This is how I entered the trade and logged it in my trading journal : Date Pair Direction Trade Trend Level Signal Entry 2019-05-01 GBPUSD Short With trend Down Horizontal...

dave25981155 Updated 

I closed out my short position on this currency pair at break even. It looks like it will continue higher making a leg up to the next resistance area. I will enter on a retrace of the pinbar. This way I will enter right above support and hopefully exit right before resistance for an take profit of 2R. I will exit at a loss if price falls below the next support...

dave25981155

EURUSD is in a clear down trend. A long tailed bearish bar formed on a support and resistance area. This should give a high probability for a continuation of prices moving down at least to previous low, but maybe even further to the next and lower Support and Resistance area. I will enter at a break lower targeting 2R for take profit. I will monitor the trade,...

dave25981155 Updated 

Looks like Turkish lira will regain some strength against the Euro. I am trading the retracement back to the Kumo and Kijun. At the same time I will capture the interest differential of around 24%.

dave25981155

Perfect short fakey formed on the 8 and 21 EMA and the Kumo (not on this chart). Should see a massive drop. Let's hope my stop is not to tight.

dave25981155 Updated 

Ichimoku is signaling more downside for Gold. I will see if I can trade it down and then buy more physical allocated gold as it bottoms.

dave25981155

Date Pair Direction Trade Trend Level Signal Entry 2019-04-17 EURAUD Short With trend Down Dynamic Resistance Inside Bar break

dave25981155

I place a buy stop above the recent high.

dave25981155

Date Pair Direction Trade Trend Level Signal Entry 2019-04-14 EURCAD Short Counter Trend Side Dynamic Resistance Pin Bar retrace

dave25981155

Date Pair Direction Trade Trend Level Signal Entry 2019-04-14 GBPUSD Short With trend Down Dynamic Resistance Pin Bar retrace