dombarker52

dombarker52

Breakout strategy paying dividends this morning with another win.

dombarker52

now Net short 70%. Have taken profits from my trades and deployed them into a hedge long. Let's see what happens

dombarker52

i've taken a hedge position of this pair to hopefully ride it up to 1.23750 region where we can look for short positions.

dombarker52

I personally won't be taking this trade as I have other ones lined up and have already taken some.

dombarker52

potential move on gold. will be careful as It is NFP day tomorrow

dombarker52

waiting for this long also. remember to manage risk and spread it across a few pairs

dombarker52

risky set up, key zone marked where lots of wicks have gone into and reacted out of

dombarker52

if price comes up and respects my golden zone I may enter this short

dombarker52

nice little GJ short. rejected the 156.500 psychological level and wicked out of my golden zone, tight SL and strong finish to end the week

dombarker52

CAD has seen some support as oil prices continue to rise

dombarker52

there has been an impulsive move to the downside which has created new lows, looking for price to peel back into my golden zone before entering a short position

dombarker52 Updated 

Nice triple wick rejection on the hourly timeframe showing the sellers are stepping in and the buyers are losing power/ momentum which is a perfect time tented a short. I have a tight SL with a large TP

dombarker52 Updated 

EUR momentum is slowing down as its becoming weaker. therefore I'd like to take advantage of this and look to short our Euro

dombarker52

the Japanese yen has had some strength this week so far. I was waiting for this trade but I will simply not enter purely because its outside of my trading hours and I don't want to enter a trade before sleep. this is so that it doesn't mess with my psychological well being which is very important as a trader as you will learn more of as you have more experiance on...

dombarker52

CAD$ was fundamentally stronger due to demand in oil and the amount they have exported. other key fundamentals suggested the CAD$ was stronger than the CHF, for this reason I entered the charts looking for longs so I just need to wait for the chart to present the opportunity for me to get into the position. been holding for over a week now

dombarker52

as you can see there was a bearish OB on the hourly TF. I used previous key levels to map ut my trade after previously having a buy order that it TP

dombarker52

as we can see GBPNZD has been ranging and this is a good opportunity to gain some extra pips. I will be setting a sell limit here and I also have a super tight SL so lets see how this plays out

dombarker52

from my technical and fundamental analysis I knew I wanted to short the £ again there was a 15m order block which was sitting near the 1.91 psychological level. price has come up and rejected this area so I have placed a short position here