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US GDP growth less than expectedOn Thursday, US quarter-on-quarter GDP reported a 2.7% increase, over market estimates of 2.9%. The US dollar then weakened with USD/CAD moving down 2 pips to 1.3547, and USD/JPY falling 20 pips to 134.70. Meanwhile, EUR/USD declined 6 pips to 1.0595, as the Eurozone year-on-year inflation rate rose 8.6% as Mitrade has expected. GBP/USD dropped 31 pips to 1.2013, and AUD/USD traded 4 pips higher to 0.6807. To prepare for a possible decline in oil production, US Crude Oil Inventories added 7.648 million barrels, though WTI oil futures added $1.44 to $75.39 a barrel. Bitcoin is trading lower at $24,073.0, and Ethereum just climbed to $1,659.52. The Nasdaq 100 surged 113 points (+0.94%) to 12,180. The S&P 500 rose 21 points (+0.53%) to 4,012, and the Dow Jones Industrial Average also gained 108 points (+0.33%) to 33,153.
by Mitrade_official
GBPNZD 1D RANGE TRADINGRanges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of volume average for a full position size. b - If 75% of volume average then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) If not 75% then stand aside from the trade. 2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order. Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit. *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
by Tradingstrategyguides
RAMAN 2 MONTHS 2 SUCCESS DAILY TRADING STRATEGY SHORT TRADEDay Chart New Daily High was not made. Previous Day closed Bearish. New Current Trading Day has a Bearish bias. 30m Chart Bullish Pullback has an ascending trendline drawn underneath it. 1st Entry is a 30m candle close below trendline Fractal Low is at 1.2900 2nd Entry is a 30m candle close below support level 1st Take Profit is at support level of 1.2870 2nd Take Profit is at support level of 1.2825 SL @ 1.2955
Short
by Tradingstrategyguides
EURJPY 1D BEAR FLAG SHORT TRADEBear Flag is a Ranges style chart pattern that is a repeatable trading chart pattern. Bear Flags are a consolidation chart pattern that has a bearish directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
Short
by Tradingstrategyguides
EURUSD 15M PIVOT POINT DAY TRADING STRATEGYSetup chart with - Volume, Pivot standard, Sessions on chart. Step #1: Trade only at the London open or the 8:00 AM GMT. Note* We’re going to use the 15-minutes time frame and trade based off of the daily pivot points. Step #2: Buy at the market if after the first 15-Minutes we’re trading above the Central Pivot Point. Important Note * If after the first 15-minutes into the London session we’re too close to the first support level we better skip this trade opportunity because the profit margin has tightened. Step #3: Hide your Protective Stop Loss 5-10 pips below the Central Pivot. Step #4: Take Partial Profit #1 at Support 1; Take Partial Profit #2 at Support 2 or let 2nd TP run. Step 5 As price hits R2 move SL to PP. As price hits each R level adjust SL to past R level. Note** the above was an example of a BUY trade using the best pivot point strategy PDF. Use the same rules for a SELL trade – but in reverse.
Long
by Tradingstrategyguides
2
TRADING RANGING MARKETS WITH KELTNER BANDSTrading Ranging Markets with Keltner Channel It is said that the number one account killer in the market is a ranging market. Consolidations are very difficult to trade. However, you can take advantage of the difference in the way Keltner channel system can be used in combination with other technical indicators. The price won’t really touch the bands when it bounces between the upper and lower envelopes. When we’re in a ranging market, you’ll often see that the price will fail to touch the bands. The majority of the time the price will hug the middle band. This anomaly in price behavior requires us to use a secondary technical indicator to find profitable trades. Since the Forex market spends most of its time in consolidation, around 70% of the time, it’s mandatory to have a range trading strategy to survive in this market. For range trading we like to use Keltner Channel bands in combination with a 2-period RSI indicator. We tweaked the RSI settings so we can better identify tops and bottoms within a trading range. Note #3: For this Keltner trading strategy we use the 90-10 levels of overbought and oversold readings. Here are some rules that can guide you to make the best trading decisions: Keltner envelopes need to turn flat, to signal a consolidation. Price needs to break below the middle band. A buy order is triggered once the 2-period RSI goes below 10 indicating oversold conditions. The protective stop loss can be hidden on the other side of the Keltner band. For the long side take profit when the RSI reaches the 90 level.
Education
by Tradingstrategyguides
AUDJPY appears overboughtThe Congestion Opportunities Strategy has just sold AUDJPY at 83.835. The system recommends entering this trade at any price between 83.678 and 83.992. The signal was issued because the 28-hour Relative Strength Index indicates that the AUDJPY may be overbought, while the Speculative Sentiment Index reading of 1.184 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.629, so the stop loss has been set at 84.464. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades. Signal ID: 60359 Time Issued: Sunday, 02 December 2018 22:01:16 GMT Status: open Entry: 83.678 - 83.992 Limit: N/A Stop Loss: 84.464 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Short
by FXCM
Breakout Identified in EURJPYThe Tidal Shift Strategy has just sold EURCHF at 1.1306. The system recommends entering this trade at any price between 1.1293 and 1.1319. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.34469, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00104, so the stop loss has been set at 1.1358. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 60131 Time Issued: Tuesday, 20 November 2018 19:00:15 GMT Status: open Entry: 1.1293 - 1.1319 Limit: N/A Stop Loss: 1.13580 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Long
by FXCM
4
AUDCHF approaching support, potential bounce! AUDCHF is approaching our first support at 81.82 (Horizontal swing low support, 76.4 fibonacci retracement, 61.8 fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 82.70 (horizontal swing high resistance, 78.6% fiboancci retracement, 61.8% fibonacci extension). Stochastic (55,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
1
GBPUSD | Oversold - Intraday Trader L2Hey Traders, a Quick Short for GBPUSD would be perfect after USD-CPI corrections we are now ready short the alternatives in this case GBPUSD 60H Candle closes below our resistance zone (1.40640) which confirms the downtrend also Fibonacci Level - 0.618 plotting with our Intraday shorting Level perfectly at 1.40845 RSI/ROC (oscillator) Indicating Oversold and Hence we are ready to short GBPUSD Entry - CMP TP - 1.39358 SL - 1.41570 have any doubts? than, let us know in the comment section below and make sure to give this analysis a Thumbs UP +_+ Join our Telegram (link in BIO) Source - General public Information!
Short
by BloomFisher
2