$SP500 - SCALP TRADE - +4.68% - DETAILS BELOWHey everyone,
I managed to take a quick short scalp trade on the OANDA:SPX500USD for a 4.68% gain
I will be posting both the screenshot from my broker's platform as well as the 5m chart below so that you can clearly see the levels laid out. (cannot post an idea below the 15m TF and my trade was taken on the 5m)
Details:
Entry @ 2734.1
Exit @ 2733.3
**NOTE THAT THIS TRADE HAS ALREADY BEEN TAKEN, IT IS NOT A RECOMMENDATION TO TRADE
www.mql5.com
CFD
$EUR/USD - SCALP TRADE - +2.6% - DETAILS BELOWHey everyone,
I managed to take a quick short scalp trade on the $EUR/USD for a 2.6% gain
I will be posting both the screenshot from my broker's platform as well as the 5m chart below so that you can clearly see the levels laid out. (cannot post an idea below the 15m TF and my trade was taken on the 5m)
Details:
Entry @ 1.13190
Exit @ 1.13180
**NOTE THAT THIS TRADE HAS ALREADY BEEN TAKEN, IT IS NOT A RECOMMENDATION TO TRADE
www.mql5.com
$NQ100 - SCALP TRADE - +4.8% - DETAILS BELOWHey everyone,
I managed to take a quick a quick long scalp trade on the $NQ100 for a 4.6% gain
I will be posting both the screenshot from my broker's platform as well as the 5m chart below so that you can clearly see the levels laid out. (cannot post an idea below the 15m TF and my trade was taken on the 5m)
Details:
Entry @ 7182.85
Exit @ 7180.80
**NOTE THAT THIS TRADE HAS ALREADY BEEN TAKEN, IT IS NOT A RECOMMENDATION TO TRADE
Trade from broker platform -> www.mql5.com
UK 100, SHORT SELLING OPPORTUNITY, BIG RESITANCEResistance on the daily chart shows that 3 days ago price got rejected, by not only the horizontal resistance line but also the diagonal resistance that can be seeing clearly on the monthly chart, horizontal resistance on which was a really strong level of support and potential reversal for this chart right now.
Stop loss should be above resistance and take profit on the next level of support.
GOLD RALLY TO BE CONTINUED.We can see a beautiful flag at 4h chart. Friday, today, there was a breakout. I believe price will hold at resistance zone I mentioned with red rectangle, then reverse, make a double bottom at previous local support (blue rectangle) which will also be our retest then fly to previous highs. Beautiful set up for next week.
IBM in a bearish rising wedge?Looks like the IBM shows us a bearish rising wedge.
Definitely something to look out for, let's keep an eye on it if it works and if yes how much drop we could expect. For now I expect some pullback to a support at approximately 115$.
Since I'm still learning I'm not trading this.
If you feel the same give me some feedback I'm glad to hear from you guys!
Give a like if you feel I'm right.
But what if?Broken through support and will probably close below it at this point.
Massive sell-off.
Bears are still in control but what if 50.00 is a good support? Is this a false breakout?
I'll look for selling opportunities as it retraces to 50.00 or 54.00 but I'd need to see a good reason to keep selling when it looks like this trend is running starting to slow down.
EXXARO at 2 support levelsThe price has come down steadily to test the rising trend support at around 126.00. However, there a small horizontal support at 124.00 that is a stronger buy. The stock is extremely over-sold at current levels but it does leave the door open for price capitulation. The play here is to wait for a green candle and then buy for a relief rally.
Gold Future breakout from falling wedgeAfter G20 meeting and outcomes related to pause of trade war between US and China brings Dollar index to cool down from High level.
Technically Gold future continuous contract breakout from falling wedge pattern and to consider this breakout and price forecast it can rise up to $1261-$1266.
Now $1222-$1224 act as support.
Sembcorp Ind took support may form Double Botton After Weak earning stock fall sharply and made low around 2.60.To consider downtrend is over stock have to close and trade above Level of 2.72.
All major Exponential Moving Averages are still pointing downwards. Fresh Down ward momentum picks up when stocks close below 2.60 and open downward trajectory till 2.50