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Patience

GBPUSD I'M GOING TO SHORT THIS PAIRHi Traders, I'm here to help improving your trading skills with my ideas to see the market from sombody else's mind. On H4 I see, bulls can not push that pair higher. There is a strong resistance line at 1,25000, and as I see price reversed with a double top formation. Direction is confirmed too because the price broke my trendline downwards, and closed under it. I put my stop loss at 1.25000 My take profit is at 1.15635. I will post updates about how I manage my stop loss. Let's be successful together. Follow me for new ideas, I'll appreciate your follows. Have a great day ahead, Benjamin
Short
by Sparksoffly
EURUSD NEARLY HIT MY MENTAL STOP EVEN MY PLACED SL WAS FAR AWAYHi Traders, I'm here to help improving your trading skills with my ideas to see the market from sombody else's mind. I see a downtrend channel on D1 and H4 with a fakeout. Upside trendline is broken, so I placed sell a sell position yesterday. My mental SL was at 1.0500, and my placed SL was at 1.0800. I'm here to be honest, so I will. Yesterday evening, I strongly hesitated to close this position before going sleep. I saw strong bullish pressure but I was on the bearish side. There is a strong support line at 1.09275, and the price bounced upside. Before sleep, the price hasn't reached my mental stop and it seemed to turn back and go down. I had a lesson in my mind that I've learned so many times; PATIENCE AWAYS PAYS OFF. So I decided to keep my position open. I slept horribly :D but when I got up and saw the head and shoulder pattern. I know market again tested my patience and this trade again confirmed; PATIENCE AWAYS PAYS OFF. Never give up and LET'S BE SUCCESSFUL TOGETHER. Follow me for new ideas, I'll appreciate your follows. Have a great day ahead, Benjamin
Short
by Sparksoffly
2
GBPJPY Short and BuysMy bias was Bullish moving into this Session since price broke above my Resistance Level and Consolidation. FOMO struck me when I initially got to the charts and my emotions caused me to get into a short position, going against my bias. I fortunately cut the short position for less than half my risk on it. Patience always pays and shortly after getting out of my short we had a strong 30m close near the 30m Highs. Now this isn't exactly the go-to 1)30m High formed 2) 30m pullback 3)Bullish 30m support formed 4) Entry. However just like the "Go-To" setup, when price closes around the highs as it did on the 30m and we are in momentum like this it is still a highly probable continuation setup. So I took the risk and it payed off. The money from the fed as aid is catching up to the markets?
Long
by ShrewdCatfx
1
HERE COMES THE MONEY !!!Hello, my people, Long time no see, isn't it? The time for the BIG MONEY has finally come! This is the chance of the decade to become millionaires - by investing in oil now. Oil is the door, patience is the key and money are waiting when you open this door. See what's going on - COVID-19 is making oil prices go down, the lowest level for many years. Additionally, OPEC, the alliance of the biggest oil producers, is "punishing" Russia by making bigger output and further decreasing the prices. But how long do you think this will last? Not much at all! The Corona virus dies at warm temperatures and the SUMMER is already knocking on the door in some countries. Also, OPEC doesn't have interest in maintaining low prices as it loses the most from it. And whats MOST IMPORTANT - the potential profit is over 5 times more than the potential loss. THIS IS FIVE TIMES, MY PEOPLE! FIVE TIMES!!! And it is if the price of oil becomes 0, which is impossible. So my expert analysis is just invest considering the worst case of oil becoming 0 (which will not even happen for sure). Then just wait for the price to go up until you are satisfied with the profit. Please, note that this may take several months or even 1-2-3 years. As I said, patience is the key. *NATGAS goes together with oil so you can do the same there. BITCOIN Cast shows similar patterns as well. Good luck, you young millionaires and soon YOUNG BILLIONAIRES!
FX:USOILLong
by YoungMoneyBillionaires