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S&P500 $2640 not broken. Still bullish. Sentiment Monday decidesS&P500 $2640 is not broken last week. I am Still bullish. The Sentiment next Monday on the market decides if it is the right time to go long again! S&P500 is in horizontal pattern now and I expect this to continue during March and partly April. Maybe the end of April / March a new cycle will start and I expect it to climb further to $3000 dollar! ofcourese we will have some turbulence till we reach that. Another possibility is that it will break the lower resistances and an short cycle starts! than we will have huge shorts an retracemets to $2100 probably! but this can also take some time and happen in more far future. When we decide to go long next week and when we open a long trade, the exact positions of where to open, to close and the stop loss position is very important to be successful with trading! S&P500 is in 3 monthly cycle now. I expect this to become an horizontal chart till the end of March. April / May I expect a new hugh climb will start. OR when an invert cycle starts, when lower resistances are broken, a huge short will appear. In my opinion S&P500 is very overbought. One day it will collapse to $2100 area. That will be the retracement to the previous horizontal pattern. Till that time we are bullish! My strategy is to never trade on volatile markets. You will lose your money when you do! Just like last week, when came up unexpected volatility , we lost two trades S&P500 and also two trades Oil. The won positions a few days before were at a steady market. Trade on technical-chart analysis! not on news and volatility! Well, one of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts. - and this own indicators tell me If a new long position starts or a new short > these are the positions where I place my orders! - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market! And that is Why I win more than I lose. Patience is everything, we’ll wait for the right moment! Most of the times the sentiment changes on Monday! Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
SP:SPXLong
by Rich_Exclusive_Trading
1
Oil is still bullish. As long as we are not breaking 59 dollarOil is still in bullish position. As long as we are not breaking 59 dollar I still believe we are in uptrend and the price can rise to 75 dollar. We have reached a critic point last week, but the week ended positive. The sentiment next Monday will decide if it will be interesting to open a long cfd! My strategy is to never trade on volatile markets. You will lose your money when you do! Just like last week, when came up unexpected volatility at oil, and we lost two trades. The won position a day before was at a steady market. Well, one of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! Now, I see a opportunity on Oil. The chart is horizontal but the upper horizontal resistance is broken. I have pointed out the breakingpoint with the black vertical line! Last week it retraced, but when it stays above $59 dollar we are still in uptrend! How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators - and this own indicators tell me If a new long position starts or a new short > these are the positions where I place my orders! - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market! And that is Why I win more than I lose. Patience is everything, we’ll wait for the right moment! Most of the times the sentiment changes on Monday! Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
FX:USOILLong
by Rich_Exclusive_Trading
Gas very interesting now. Waiting for making a big move. Long??NaturalGas is very interesting now. 2.755 is a breaking point, which I am Waiting the chart to pass. When it does, 2.852 looks like a good position to open a trade! following my unique strategy. NaturalGas is now waiting to making a big move. Long?? Chart is horizontal pattern! My strategy is to never trade on volatile markets. You will lose your money when you do! Just like last week, when came up unexpected volatility at oil, and we lost two trades. The won position a day before was at a steady market. Well, one of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! Now, I see a opportunity on NaturalGas. The chart is horizontal and the lower horizontal resistance is almost touched.When it breaks it is time to open a long. How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators - and this own indicators tell me If a new long position starts or a new short > these are the positions where I place my orders! - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market! And that is Why I win more than I lose. Patience is everything, we’ll wait for the right moment! Most of the times the sentiment changes on Monday! Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
OANDA:NATGASUSDLong
by Rich_Exclusive_Trading
1
Copper possible long. Horizontal now. Breakpoint decidesCopper will possibly go long. The chart moves Horizontal now. Breakpoint decides if we go long, short or wait. My strategy is to never trade on volatile markets. You will lose your money when you do! Just like last week, when came up unexpected volatility at oil, and we lost two trades. The won position a day before was at a steady market. Well, one of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! Now, I see a opportunity on Copper. The chart is horizontal and the lower horizontal resistance is almost touched. Time to go to the middle again and possibly to the top resistance. How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators - and this own indicators tell me If a new long position starts or a new short > these are the positions where I place my orders! - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market! And that is Why I win more than I lose. Patience is everything, we’ll wait for the right moment! Most of the times the sentiment changes on Monday! Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
OANDA:XCUUSDLong
by Rich_Exclusive_Trading
GOLD (XAUUSD) 1hr tf analysisXAUUSD made a high of $1365.95 on Jan. 25 2018 and has been selling off ever since then. The Elliott wave interpretation is for a primary wave B (italicized letter B in black on the chart) to have terminated at the high on Jan. 25 2018. This implies that the current move is part of a primary wave C (an italicized letter C in black when the move is done). Primary wave C will complete the last leg of what is an expanded flat Elliott wave structure so the current sell off in XAUUSD is far from over. The move on the 1hr tf and is shaping up so far as an ending diagonal (which is acceptable for the wC of an expanding flat). POI= Point of invalidation (I do not want to see price action close above this price)= $1339.15 The key areas to watch are between 1327.85 and 1331.35 as I have indicated on the chart. If price action holds in this region, then w5 is next to complete an intermediate w1 move for the current sell off in XAUUSD. A projection of the termination point of w5 is based on 61.8 % of the move using wave 1 to w3 to 1331.45 (possible termination area for w4) which = ~$1297.49. Some people might go for the 100% projection of w1 to w3 added to the termination point of w4 but I like to be conservative. Assuming figure stays as mentioned above, RISK on the trade = 1339.15 - 1331.35 = 7.8 REWARD= 1331.35 - 1297.49 = 33.86 RISK/REWARD ratio = 33.86/7.8 = ~4.3: 1
FX:XAUUSD
by Coin_Analyst