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Fxmanticore

Downtrend Is Resuming!Sub Forex Brothas let's kickstarting this week’s with this hot EU chart! -As you can see on 4-hours chart the price in a falling channel from 2 months, we dig out some pips from it last month==> check it out in related idea, so after 1.1700 major level breaks below I was waiting a chance to short and I guess now we have one! -RSI is chillin’ like a villain on oversold territory, and the price is getting closer to 1.1700 level also to channel resistance line, you can see clearly how the price got rejected twice before at this structure. -Selling at this level could give you a sweet risk-to-reward ratio especially when we are aiming around 1.1450 near to a daily support level and above 38.2% fibonacci retracement level. -In any case, just make sure to practice proper risk management, a’ight? Good Luck Brothas $$$
Short
by YaseenG.Housari
Resistance-Turned-Support !-Sup, bros ! I’m kickstarting this week’s with GBP/JPY if you remember last week we dig out 100+ pips longing, we might get out of the market early but I believe we could have another long order position around 149.30., gather more bulls in to push the price higher. -As you can see we have a resistance turned support right smack on 50% fibonacci retracement. -Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs near 151.30. -In any case, make sure y’all have wide stops, if you don't like mine aight? Remember that crosses like these tend to see more volatility than the majors!
Long
by YaseenG.Housari
2
Daily Resistance-turned-Support - Roses are red, violets are blue. I’m looking at these hot dollar charts and you should, too! - This level was like a nightmare for bulls from Apr2016-to-May2017 before it finally break above in Jul, as you all know this resistance turned to support level so it's not surprising that the pair retrace from this area since 50% fibo retracement right smack on it, RSI is kissing oversold area, with that hot doji candle - Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs 0.8000. If you’re no fan of the (Aussi) , though, then you could also wait for a break below the support level and trade a downside breakout instead. Good luck brothas !
Long
by YaseenG.Housari
"Trade Like A Casino" (Trading Psychology)What is the best way to make money on gambling? Own a casino. - Casinos operate as a business. - Casino have table limits to manege and their customers are likely to risk it all. - Casinos have a mathematical edge, and gamblers are at a disadvantage. - Casino has no ego or emotion, but gamblers do. Now what give us a trading Edge: .Trends .Support and Resistance .Moving Averages .Divergence .Fibonacci Levels .Technical Indicators .Candle Stick Patterns .Harmonic Patterns .Consolidation Patterns .News Catalyst -By them self, technical signals are not reliable enough! but in the right combination...they give you a statistical Edge, turns to a profitable system!! If you are now talking to yourself, like man I use nearly all of that list but I keep losing money !? Lemme tell you why in the chart above! All what you have to do is to find out which one is your missing circle, and start working on it ! please chick out my related idea about risk management, and why you should always be a process-oriented not a results-oriented also if you can keep a trading journal, cuz it'll help you when things gets bad you'll get back to it and find out what you have done wrong cause without information you can't make improvements to your trading plan. P.s. if you want more about risk management and ways to limit your drawdowns in trading plz leave a comment ! Best of trading Forex brothas $$
Education
by YaseenG.Housari
13
Falling Channel !-As i mentioned earlier on Sunday the price gets into falling channel but I couldn't find a chance to get involve the market leaves me behind, but now we have one the price drive all the way up to a resistance line of the falling channel, with RSI almost in overbought area, also we are on a good structure look left, the odds in our favor -With sweet risk-to-reward ratios 1:2 targeting near to 1.7000 level, and our stop is above a major resistance level. -N any case, just make sure to practice proper risk management, a’ight? Best of luck brothas $$
Short
by YaseenG.Housari
Resistance-turned-Support !-UpTrend Is Resuming! Looks like the 147.50 major psychological mark is still too hot for the bears to handle! The pair is having trouble breaking below the level, which isn’t surprising since it also lines up with a 38.2% fibonacci retracement. -RSI isn’t favoring a side right now, so we should wait till the price to retest a support level before we snipe our trade. -Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs near 151.00. -However, just keep in mind that there’s always a chance that the pair may break to the downside instead. So y’all may wanna plan ahead for such a scenario as well. -In any case, just make sure to practice proper risk management, a’ight?
Long
by YaseenG.Housari
Up Trend Is Resuming !-As you can see, the pair is having trouble breaking below a major demand area at 1.6800 , which isn’t surprising since it lines up with a 38.2% Fibonacci retracement, with RSI almost hitting oversold levels. -Based on the long wicks below the area, it looks like forex bulls are defending the support very well, Not only that, but a bullish divergence has also popped up to reinforce a bullish trade! -Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs near 1.6980 -n any case, just make sure to practice proper risk management, a’ight?
Long
by YaseenG.Housari
Increasing Channel -the bulls breaks above a mid resistance level of a rising channel, but are we looking at a real breakout or it's a fakeout, now if you compared this breakout with the previous ones you'll notice that the price retest the resistance area and bounce up, not crushed down like the others - And as y’all probably know, one of the more conservative ways to play an ascending channel is to look for opportunities to go long when the pair is at or close to the channel’s support line, but here we could have a chance to go long from this area. - We should wait to have more signals to go long like bullish engulfing or other bullish candlestick patterns, and wait till RSI across 50 heading north this indicate that momentum is increasing. - Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs near 1.3500 to resistance line of the channel. - Whichever direction you favor, make sure you practice good risk management when you do take your trades. Best of luck Brothas!
by YaseenG.Housari
Descending Channel-As I mention before if this pair choose to head north 1.18700 is a good level to luck your profit and now Looks like the major psychological mark is still too hot for the bulls to handle! The pair is having trouble breaking above the level, which isn’t surprising cause if you connect that most recent peaks and troughs, we can see that a fresh descending channel has formed on 4-hour time frame and now the price tasting a resistance line of it ,also if you pop up your fibonacci retracement you'll notice the 61.8% is right smack on 1.18700 level. -With RSI hanging around the oversold area, we need the price to get back up to retest the resistance line of the falling channel in order to give us a chance to get involve. -Shorting at current levels could get you a pip or two (or 150) especially if you aim for 1.1700 range support. -Always make sure you make good risk management decisions when you execute your trades! good luck brothas
Short
by YaseenG.Housari
"Kinds of Bets or Trades" (Risk management)"There are really four kinds of trades or bets: good bets, bad bets, winning bets and losing bets. Most people think that a losing trade was a bad bet. That's absolutely wrong. You can lose money even on a good bet. If the odds on a bet 50/50 and the pay off is 2$ vresus a 1$ risk, that's a good bet even if you lose. The important point that if you do enough of those trades or bets. eventually you have to come out a head. -Also why you should be a process-oriented not results-oriented {WATCH THE CHART} P.S -Always keep in your mind; You can control: RISK-COST-TIME-EMOTION you can't control: RETURNS So it beats me WHY.... YOU RARELY FOCUS ON (RISK-COST-TIME-EMOTION) BUT YOU ONLY FOCUS ON (RETURNS) All the best homies and if you want more of this content plz leave a comment. PEACE..
Education
by YaseenG.Housari
10
Make or Break !- Looks like the 1.700 major psychological mark is still too hot for the bears to handle! The pair is having trouble breaking below the support level, which isn’t surprising since it also lines up with a 38.2% fib level. - RSI isn’t favoring a side right now, but we can see is heading north. -Now we have two scenarios: *first one is the support level hold and the pair sour up to 1.1870-1.1930 levels. *second one is the support will break below and the pair is gonna crush harder than windows-95 Good luck brothas
by YaseenG.Housari
1