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Lewisglasgow

XAU/USD - Bullish CypherWe're looking at another cypher pattern but this time on the 4h chart with XAU/USD, this is an excellent long opportunity with 1:2 risk to reward... Don't miss out on this one! The D point forms at a major level of support, I'm expecting price to stall out on this level... This could be a pullback before continuing the bigger picture. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 I'd like to thank www.tradingview.com for spotting this pattern and giving me the heads up!
OANDA:XAUUSDLong
by LewisGlasgow
4
XAG/USD - Bearish Shark (Continuation)Hello traders, just an update on XAG/USD with a bearish shark pattern on the 4h chart. Price has now reached the bottom trendline of the ascending channel, I'm expecting price to breakout and hit the 0.382 retracement level at 17.40000. If we see this move occur, it will more than likely be followed by a pullback to the trendline providing us with an excellent area to short. The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 Keep an eye on this going into next week, I hope you all have a great weekend!
OANDA:XAGUSDShort
by LewisGlasgow
2
The Power of Compound Interest“Compound interest is the eighth wonder of the world. He who understands it, earns it... He who doesn’t... Pays it” . The idea of compound interest is simple, use your profit to make more profit instead of spending it... You can do this whilst making small regular withdrawals! BUT Too many traders try to get-rich-quick and in turn blow their trading account. Instead of focusing on medium to long term returns and make their profits do the work. Every trader knows that it is possible to turn a small amount of capital into 6 or 7 figures if they trade patiently. However, most of them always look for a faster way to become wealthy by oversizing positions to seek out a lottery win. In fact many traders repeat this process multiple times, with the exact same end result... Blowing their account. This is why I have written this post, which is primarily aimed at all of the traders starting with a small amount of capital £1,000 or less... You need to start setting monthly % targets. Everyone wants to make a million, that's a common fact but how are you going to get there? What monthly % do you need to grow your account at and over how many years? You need to start mapping out your journey, track your progress and be measurable. The illustration shown highlights the potential growth within a 12 month period using a starting capital of £1,000, growing your account by 20% per month and withdrawing £50 every single month. If you can maintain this level of growth throughout the year, you will have withdrawn £600 and have a trading account value of £6,937. And it all started with £1,000 :) To round off this post I truly hope this explained the power of compound interest. I am available via private message for any questions you may have. Here's to your success!!!
Education
by LewisGlasgow
19
XAU/USD - Price StructureFollowing up from my prediction over 2 months ago (chart shown below), I'm almost ready to sell XAU/USD. Since predicting the bearish 5-0 price has reached $1248, therefor completing the pattern. I am now looking at additional analysis to confirm my position. If we take a look at the main chart, price has been trading within a rising wedge since December 2016, we are now showing signs of a potential breakout to continue the long term trend. I'm expecting price to break the trendline and pullback before I enter my long term short. Please feel free to leave your opinion below.
OANDA:XAUUSDShort
by LewisGlasgow
8
EUR/CAD - Bearish Bat (RSI BAMM)There are some amazing setups forming on the charts, here we have EUR/CAD on the 1h chart with a potential bearish bat pattern. Excellent opportunity with almost 1:3 risk to reward! The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 In fact price has almost formed a "perfect" bearish bat pattern. I'm seeing strong signs of divergence, indicating an RSI BAMM setup which confirms the reversal at 1.40900. I hope you all have a great week of trading :)
Short
by LewisGlasgow
18
AUD/CAD - Bearish CypherWe're looking at another CAD pair but this time on the 4h chart with a complete bearish cypher pattern, this is an excellent shorting opportunity with over 1:2 risk to reward... Don't miss out on this one! The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 This idea was previously posted over a month ago, check it out to see how price developed. ...BUT I thought I would update everyone on the current situation. Don't forget we have the BOC rate statement at 3:00PM. I hope you all have a great week :)
Short
by LewisGlasgow
2