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Beartrap

!Cautious approach to SILVER! Easy break through zone for silver where cloud made a thin area to break, Caution though, simple breaks like these do not provide strong data on whether to continue long or short. CTF bouncing on lowest level and testing its strength against trend lines be ready for anything. --------------------------------------------- CTF - SILVER -No Trade action until SILVER can get itself together again. Will re-analysis next Monday. --------------------------------------------- Trade Safe everyone!
TVC:SILVER
by DMC
GBPUSD - updateAfter predicting a move higher over the weekend but not listening to my instinct at this crucial moment yesterday, when I reversed my position from long to short, I will be sitting on my hands until I can determine what the smart money intends to do with the longer term. We saw a nasty bear trap on the TL bounce as indicated on the chart, and with the lack of follow through and reversal candle present, I knew there was trouble but DID NOTHING ABOUT IT. As a result I gave the market a solid 157.6 pips yesterday, seeing me stopped out by a mere 12 pips before (you guessed it), ANOTHER REVERSAL. Livid haha. Today is a new day, and a new trading idea - good luck and god speed.
by JakeSummers4x