Nakedtrading
Don’t predict. Project & anticipate.There’s no need for a trader to “predict” what future price will be. Though this is entertaining, it’s not practical. As more & more traders begin to see the same picture/projection on their charts, the professional trader’s job is to simply enter & hold, forcing price to move in an AGREED direction at any given time.
BTC morning channel analysis Sept 8buying lows, selling highs for day profits. long term holds from previous buys below $4k in a separate account from my day trades...
Litecoin Channel / Key Level AnalysisJust my interpretation of the Litecoin consolidation. Short Term Long here at the bottom of the BLUE CHANNEL. Half profits may be taken at the top blue line (channel top). If price continues to hold above the blue channel, the next PROFIT TARGET will be the green DASHED line.
The DIAGONAL green line notates a trend break. Price has broken the downtrend & held above it. This could be a reversal signal, as price tries to retest the Highs.
Seeing channel analysis done in different ways helps with identifying price structure, anticipating entries, & predicting profit targets.
GBPJPY TRADE IDEA 27-30 AUGwaiting mode
any positive sentiment between Us & China will push GBP higher
Resistance 130.699
Sell 131.514
Buy 129.293
SL 30 pips each entry
EURAUDFears that Germany may fall into a recession causes concern and weighs heavy on the EUR. Germany’s Central Bank signals warnings that the country may slip into a recession, predicting lower GDP numbers in the coming quarters.
Germany depends on exports to China and The United States, which are currently in a bitter trade war. Also, weak global auto sales hurts the sector for carmakers.
Let’s not forget the country is still concerned about a disorderly Brexit deal, this is weighing heavy on the EUR as well. This is an opportunity for price to trade toward the downside and bounce of the harmonic pattern.
EURUSDJerome Powell is expected to speak this week concerning the Treasury note yield curve. We’re looking to see an aggressive Fed to address the potential global recession, which means quantitative easing and another rate cut.
This is a bearish signal for a weak dollar, due to the Fed debasing the currency by increasing dollars in rotation. This could bring in a high-volume price action.
An Easier Fed could mean my technical analysis would be inaccurate, and the EUR would push price to the down side.
GBPUSDThe Sterling Pound
The markets were optimistic regarding Germany’s Merkel agreement for the Irish backstop. The divorce with the EU, and Boris Johnson’s plan to meet with the Merkel will probably not accomplish any progress but headlines have moved Sterling a little higher.
