Get started

Nakedtrading

Short GBPJPY on 4 Hour Break + RetestFX:GBPJPY 4 HOUR Lot Size .05 Entry: 147.662 Stop Loss: 147.943 Target: 146.646 Entered this trade around 7:30am and price has been ranging since. Seems like it waiting for news to come out which is due in around 1 hour and 20 minutes. Undecided about closing position because I have a small lot size and price has never really substaintly broken and closed back above the breakout area. 1 HOUR If you'd like to follow my journey from just a man trying to find his way in the markets to a full time trader then follow me at www.instagram.com
Short
by BE.FX
4HR Trendline Break and RetestFX:EURJPY 4 Hour The short trigger based on a 4 hour breakout of the ascending channel. I set a sell limit to enter on the retrace which got hit while I was sleeping. I think I could and should have entered set the order a bit higher closer to the break point. I only entered half my usual lot size as I wasn't able to monitor the trade. Price moved nicely in my direction but was unable to close the position out before the market closed so unfortunately I'm left holding this over the weekend. To make matters a tiny bit worse my stop was set at breakeven, so I'm hoping for no gap or a gap in the short direction. Fingers crossed. Entry: 126.359 Stop: 126.359 (trailing every 20 pips) Target: 125.475
Short
by BE.FX
Oil BreakdownOil is one of the best markets to trade because the market moves are always so clean. Not to mention commodity trading is for most people a little easier to picture in their minds, thinking about the market price of an object opposed to a fugazi of forex cross currency exchange prices for instance. Looking at the market structure of Oil, it typically moves from wide consolidation ranges to impulsive uptrend and downtrend breakouts. Its price action offers a lot of opportunity to speculators as you can profit from wide trading ranges on smaller hourly time-frames and then jump on the back of large impulsive trends on the daily. I am anticipating the next impulsive move to be a large bull move, we first just need to clear and break the current range. and barrier of $57.50. There are recent hints within the price action that suggest this could be just around the corner! The current overall daily trend since Christmas Day has been bullish from the $42.40 region, then if we drop to the 4 hour chart you notice that price has made a higher high followed by what could turn into a higher low that could form the platform for a clear break through the upper resistance. The major hint that this bull move could be coming soon is that the 4 hour chart has just printed an inside candle so any break of the resistance will also be a break of the high of the mother candle offering significant confluence that there will be a decisive bull move to come. Its important to note that I won't be placing a trade until this break of the inside candle pattern and daily resistance is made. Long term targets will be to hit $64.00. Stops should be below the low of the inside candle within the range at $56.60 If we see any 4 hour or daily reversal signals such engulfing candles or pin bars then the bias changes to another bear move within the range targeting the bottom of the range again. A break of the inside bar low will also be cause for concern to this trade idea.
OANDA:WTICOUSDLong
by JoelWarby
GBPNZD Bearish Signal on D1 ChartThe price reversing after made inverse head & shoulder pattern as attached image below. The price will continue moving downward to fibonacci level 1.90582 Placing a short position with risk/reward ratio 4.36 If you agree with this idea, please give us a thumb up! If you disagree with this idea, please give us a constructive criticism. Support us with a thumbs up! Don't forget to leave your comment below! Your likes and comments would motivate us to share more ideas......
Short
by TheForexHack
AUDUSD Bearish Signal on Monthly ChartAUDUSD suggesting bearish momentum in the medium-term. Double Top pattern performed on monthly chart, waiting for another confirmation the price moving downward to 0.70507 Recommended to place a sell stop at 0.70330 with risk/reward ratio 6.88 If you agree with this idea, please give us a thumb up! If you disagree with this idea, please give us a constructive criticism. Support us with a thumbs up! Don't forget to put your comment below! Your likes and comments would motivate us to share more ideas......
Short
by TheForexHack
4