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Moolah

EURUSD short Idea MOOLAH FORMATIONThe market moves up, the market moves down. If you are a naked trader, you will probably note that the turning points in the market coincide with the support and resistance zones. -If the market touches a zone twice in succession, it will often move away from the zone -Two touches on a zone from below suggests a market top -When the market makes lower highs, it will often continue downward -A bearish candlestick on a resistance zone suggests the market will trade lower -A Moolah trade is only valid if there are at least six candlesticks between the first and second touches.
Short
by EMkioko
EURUSD DESCENDING CHANNEL (SELL or BUY)The daily chart is where we get the overall perspective of where the market might be headed and can influence how the market behaves from other timeframes. now in this case we see EURUSD creating a descending channel right? yes, and we should be looking for sells because the market is still channeled in between right? However, my chat is that we should look at the little triangle created, what about it? The triangle is now telling us that price will either break above or below the triangle. Should that happen then we will be able to make an informed trading decision. If it breaks above, we will be surely buying this market. But be careful when this breaks below the triangle, because the market maker might just trap sellers. Why I say this, is because of the left leg directly under the triangle, so when the market breaks below, the market maker might just be looking to create a second leg that will complete the double bottom pattern. I have created a logical trading synopsis, it is fully your choice to read up. Unless you think this is utter gibberish!!!
by Tokoloho
DXY (Dollar Index) The Dixie Okay, The King Dollar! we have a bullish crab pattern that has completed it first target. The Crab pattern completed a T1 set up all. PA marched all the way to the 382 and reversed almost not a pip more either. we had a few trades happen above the 382 but not many! This week we could see some good down moves on the dollar, maybe all the way down to the Crab PRZ. This is in part that the sides have switched. The Commercials have started buying the pair overall and the non-commercials are selling which will drive prices lower on the Dollar. With this in mind there is a good chance that the stock market will have a good week this week as the stock indexes are contraian to the DXY. So, all my trades for the dollar this week and maybe for the near future are going to be more short biased. The Net Data is as follows: Commercials- Current== 5,142 // Previous== (5,328) Non-Commercials- Current == (5,344) // Previous== 4,689
TVC:DXYShort
by ARegularGuy