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WILL CRUDE FOLLOW SP500 & & FILL THE GAP? WE DON'T THINK SOGood Day Traders!
For those who followed my previous post must have made tons of money shorting crude. So what's next? Will Crude follow SP500 and fill the gap? We don't think so and here is why:
Link to my previous post :
Dow has gone up near to 15% from the lowest last Friday. Use that figure & add a standard deviation of 2% (we have 17%), and put that in the chart. We are planing to short around level 35.00 - 36.30 with CL of 37.00. Same TP as mentioned in my previous post. Risk reward of 3.5 which is pretty good, checked.
By combining simple math & simple support & resistance technique, you can do it too !
Feel free to like and comment if you agree!
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Happy Trading :)
Always remember to follow Rule_no1: Do not rush into trades based on the emotions of excitement, greed or fear
GBPUSD Pre Vote HikeSo looking at the Long term Medium term and Short term trend analysis for GBPUSD here on my chart you can see the current sideways pyramid structure forming our current price point and pressure zone.
Based on the key events to come my belief based on all current knowledge of current affairs, political/economy/geo-political issues, my take on GBPUSD value is a big strong rise in value and price over the next month post-vote hike report.
For now play the bounce further down as we build up BULL clouds below. See the report drop and watch it run - Like Roadrunner on acid.
Fan Out! USDJPY Breakout?Seeing as today is Canada day (sorry), and it's about to be a big fat 3 day holiday in the US my view is that everything US is going to rise today in value in preparation for the break.
In the case of the USDJPY I am currently now open with 100 points in fx spread LONG with the red horizontal ray at 102.3 dictating my stop.
Not really sure how far I want to let it run, maybe all day, especially if the fan breakout materialises - Turn the Rhianna up #bitchbetterhavemymoney #stbinary #comeandactuallytradealready