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When a trade is reverses fortune and you wonder what went wrongLets say you have a trade opened & its profitable. all going to plan. then you get greedy. over boastful of your legendary trading skills. you ignore the original trade plan, you devise a better plan to accumulate more profit. you dont respect your previous profit Targets, & you keep the trade running, eventually you becoming forgetful of the market nature & trading. The market turns against you & you are left wondering what went wrong. Has this type of trade ever happened to you? it happened to me
NYSE:FLong
by greatful-me
8
GOLD - New Long positions - 8 to 1??Hello all - DuncanForex here with another trade idea Following the move higher on the 24th and 25th October, I am looking to enter again off Support. Price is at a great level and I'm long at 1486 Lets see if this can get up to the previous highs from last week Reason for entry is Off Key Support level RSI showing divergence on 1 hour chart If it breaks the 1495 area - I will hold certainly to 1515 and may take partial profit and let it run 3 positions are open. I will watch accordingly Find me on Twitter , YouTube and my website thanks for looking Safe Trading Duncan
OANDA:XAUUSDLong
by UnknownUnicorn483829
1
Long on QQQ The market has been very choppy lately with lots uncertainty. The qqq was unable to make new highs on the previous move up. although this may be true, we can still see a potential trade to the upside with a reasonable stop loss below. The qqq has pulled back to the 61.8 Fibonacci retracement level. also it has some support which was respected twice last week. For this trade, I will go long at the end of the day on a bullish close and strong volume for a risk reward ration of about 1 to 2. The MACD is also showing signs that there may be a trend reversal in the near future. So I will take a small position in SQQQ to protect against any large moves to the downside.
NASDAQ:QQQLong
by GoranTrader
Let's Sip Some $NZD/CAD in the Cup and Handle :)Let me take a minute to emphasis the Importance of this Resistance its a BIG one seriously. This Resistance line which is Being Approached on $NZDCAD has held several times during this year before this encounter. Also there is a CUP & HANDEL pattern forming which is giving some insane targets of close to 1.0450 so don't get carried away so easily. I am looking for a break of this Resistance Line in coming Days. Happy & Profitable Trading Cheers!! If my analysis has helped you Please Like so that i keep sharing more and more in future ;) Thanks
Long
by robin_bajaj_7
Crude oil (WTI) Short to Medium Term Analysis The WTI Crude touched a Low of $40.55 last week after the release of inventory data (Last Wednesday) showing over Supply. The recent release of Chinese PMI data showing signs of Chinese economy slowing down further, which puts additional pressure on Oil going forward. Read More Here : Buyers Buy $41.10-$41.30 for targets of $44-$45 and a Stop below $40.40. Sellers Wait for the Bounce to complete and Short around $46 levels and stops around $48 targeting $35. I hope i have not disappointed anyone because i have something for everyone ;) But i am more biased towards the short side. Happy Trading People Cheers!! FX:USOIL
FX:USOILShort
by robin_bajaj_7
GOLD(Monthly) Decision Time Everyone is Busy with Daily and Hourly charts,So I have stepped back and trying to shed some light on Monthly as it is at a very Crucial Decision point. Falling Trend line from all time Highs we hit in 2011 is here to decide the faith of Gold ;) Short Term Correction at least to $1200 is expected in coming month or two, it may not come in light of some Big Global Risk event. Big Supply zone at $1500 - $1600 which is also a important Fib level. Best Demand Zone from a Decade perspective is lying at $980 - $890 which again is a important fib level. Medium Term Traders Look to Buy around $1200 levels and look for break of the falling trend line. Long Term Investors should Buy around the marked Demand Zone as it will offer them best risk to reward ratio. I hope i have not disappointed anyone neither Bulls Nor Bears :) I have something for everyone ;) Take Care
FX:XAUUSD
by robin_bajaj_7
5
GBPJPY 15 Bearish CYPHER PATTERN @ 157.64Hi Guys, This is a bearish CYPHER pattern @ 157.64 and stop loss will be placed above the X leg which we use as good resistance in this case. TARGETS ON THIS TRADE WILL BE DIFFERENT TO USUAL AS I VIEW THIS AS A DOWN-TRENDING PAIR, THEREFORE TARGETS WILL BE AT SUPPORT/RESISTANCE LEVELS. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 57 x 2 = 114 pips Reward #1: 57 pips. R:R = 1:1 Reward #2: 115 pips. R:R = 1:2 Plan your trade... Trade your plan.
Short
by Krunal.Patel
NZD/USD OUTLOOK LONGS FAVORABLE.NZD/USD OUTLOOK. NU finally broke above the 0.68736 level giving us a nice break retest this week. Added a fib retracing to the 78.60% level. Will be watching closely on market open for a pull back to execute a long to D2 extension (61.00%) level witch also is confluent with historical resistance 0.72315. If we do not see a pullback and my trading plan is not fulfilled we will simply stand aside and watch are prediction develop. Please check are Second post on NZD/USD Weekly for further confluences to the upside. Discipline is crucial stick to your plan.
Long
by MFX_Signals
Plenty of bearish confluence racking up on AUDNZDNo doubt who is in control here. Pretty much a selloff since 2011-ish, with bullish pullbacks here and there. In the start of December '14, a bearish crossover occurred on the D1 after a pullback, and the selloff continued down. Yesterday's candle (Monday, 09/03) showed a clear rejection of the key level around 1.0515 and the 50EMA. Bears are definitely present at this level, and heaps of bearish confluence are loading up at this level; 1. Overall bearish momentum 2. D1 death cross 3. Possible rejection candle approaching 4. Rejection of key support 5. Rejection of dynamic resistance (50EMA) 6. Head and Shoulders pattern (bearish continuation pattern) (7. close to a rejection of 50% fibo lvl) (8. Slight MACD divergence) Normally I go for 4-5 confluence factors, to place a trade, so if another rejection occurs today, I am definitely looking to get short on this pair, with 6-8 confluence factors supporting a short trade. //Laban132
Short
by Laban132