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GBPUSD: possible long scenarioYesterday pound has weakened, after Bank of England governor Mark Carney suggested UK interest rates could soon be cut if the economy doesn't pick up speed. Sterling hit a two-week low and the price almost reached 1.30. Does it mean the uptrend is over and the market has already priced positive Brexit deal? If somebody is still looking for longs, buying from 1.29-1.30 zone and waiting for the target around 1.32-1.33 is decent from the R:R prospective. The market is moving sideways, but if looking on higher time frames GBPUSD is still in uptrend. We can start preparing for short scenarios after the price breaks below 1.29 level. // Follow me to stay updated with my ideas!)
Long
by GIgor_021
ETCUSD: what's going on?One week ago on Sunday (12th of January) Ethereum Classic completed the "Agharta" hard fork, which makes it "more interoperable" with sister-chain ethereum.. whatever that means, ETC more than doubled its value in a couple of days during the week. Technically speaking the price broke out from the descending bearish trend, which provided a good signal for possible trend reversal and opening long positions on 12th of January..this proved to be a good idea! However, 2 days ago (on 17th of January) the price formed a kind of a shooting star candlestick chart pattern (which was more like an inverted hammer pattern but in the up-move), so at the moment the correction or realization of profit is taking place. Now the question is how deep is it going to be? I think buying now is more like a FOMO, so it's better to wait for a correction at least until 61,8 fibo retracement level, which is around 7.39 price.. from there it's possible that we are going to see a rebound and continuation of the uptrend. If playing the above mentioned scenario, the target can be around 9.85 and stops below 6.645 (R:R=3.3). It's also possible that we are going to see a deeper correction to 5.88 price level..so everyone should calculate and implement their own risk management strategy. ETC annual yield: 1,023% // Follow me to stay updated.)
BITFINEX:ETCUSDLong
by GIgor_021
$10,000 x 1 YEAR = ???Dear trader, something to think about. Is it possible to make millions of $$$$$$$$ from $10,000 in 12 months? For sure! Check out this great story. *Daniel J. Zanger is a technical stock and equities trader. Zanger hit the media spotlight after audited returns showed he turned $10,775 into over $18,000,000 in under 2 years. Personal history Dan Zanger holds a world record for his trading one-year stock market portfolio appreciation, gaining over 29,000%. In under two years, he turned $10,775 into $18 million. Fortune magazine, wrote an extensive article on Zanger, covering his trading results after reviewing his IRS tax returns and trading records. Zanger grew up in the San Fernando Valley area of Los Angeles. His father was a physician & his mother was a psychologist. He started college but dropped out to snow ski for a few years in Colorado and Idaho. He had a few odd jobs, such as bell hop, cab driver and prep cook to support himself during his early twenties. Eventually, he moved back to LA with a high school education and no professional trade. He started working for a landscape company and eventually got his California contractor's license. He ventured into pool building in Beverly Hills as an independent contractor where he made a modest living from then on. His mother Elaine loved the stock market and Dan would often watch the Business Channel with her. One day in 1978 Dan saw a stock explode across the ticker tape at the bottom of the screen hitting $1. He made his first purchase and sold the stock a few weeks later at over $3. From that sale on, he was hooked on the action of the market tape, usually carrying a quotetrek device with him on his contracting jobs to stay up on stock prices. The Internet bubble As technology and internet stocks took center stage in the stock market in 1997, Dan began to see powerful moves underway. He sold his Porsche for approximately 11,000 dollars to have the necessary capital to jump fully into the market. Over the next year, he parlayed the 11,000 dollars into 18 million with the knowledge acquired over two decades playing the market and re-reading the works of William O'Neil. With this success, Dan was able to become a full-time trader and leave contracting behind. *From Wikipedia, the free encyclopedia It is not possible to get rich with normal job! don't forget it. I will soon show you a very powerful tool here on tradingview... I wish you a very good start in the new year. Best regards
BITSTAMP:BTCUSDEducation
by i-like-profit
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