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Ranging

GBPCAD ShortShorting this pair for no apparent reason other than riding its current range bound momentum. Shorted this pair earlier with TP @1.72293 and SL @1.72952. Might have to monitor this very closely in case it breaks out on the upside, esp oil has been rallying up again earlier today, though CAD continues to be flat. www.econotimes.com Daily: Weekly: Confidence: C (I might have gotten a little impulsive earlier lol I could have waited or setup a short stop order)
Short
by aiza_belle
GBPJPY - meeting a strong support levelIt looks like this pair has managed to breakout the lower end of the ascending triangle. It looks like the price has now reached a long standing strong support, it would be interesting to see if the price has got enough bearish momentum to break this support. The RSI is currently at an oversold level as the price moves and touches the support level, this indicates that the price may move upwards. I believe the market would range for a while, keep an eye out for the support or resistance level breaking.
by JohnnyPurtoy98
2
Time to Get Some of That Lazy USDT Ranging XMR One thing we know is that that history has shown that the with Axis axis of a APVMMLBRX (Inverse Ferrari Horse) (about USDT 270 ´ish in this case..) is extremely magnetic ! Making it ideal to range.. Be sure to range as far as your purse permits.. Obviously back to 70 would be perfect and up to 1k would be perfect.. Take profit when price ascends through your defined levels and buy in when it descends through them.. Difficult to manual trade this way unless you are extremely active and dedicate yourself to just a few coins at a time.. Ranging is best done with a high quality specifically designed robot and run on a high quality and powerful server. Best of luck Heartbeaters !! Hopefully we see rough waters around this axis with some lovely long candles that change direction frequently ! Don´t give in to shakey hands if the price leaves your range because your purse can´t spread thin enough.. give her a few days to find her way back into your arms.. Search APVMMLBRX and hit play for examples of the attractive power these axes have.
XLong
by Benjamix
3
BAMM Theory EurCadSome generic analysis and a possible trade set up for everybody to look at - Bat Action Magnet Method. This theory dictates that when price begins a potential C-D wave, a break of the resistance of the 38.2-50% retracement of the initial impulse wave, price will continue to rise until the previous high. The key level in this setup I believe is 1.477. A close above here should see price continue to rally; the potential profit zone is clearly marked. Like any other trade, risk:reward should be at least 1:2. It is not uncommon for a trader to wait for a retest of support after resistance is broken before entering into a position. Price has began to range between support and resistance on the 4hr chart so this pair is worth keeping an eye on! This is simply a generic overview. I will be taking the short position should price reach the overall 88.6% retracement of the original impulse wave. Bat Ratios X:B = 0.38-0.5 A:C = 0.382-0.886 B:D = 1.618-2.618 X:D = 88.6%
by KyleMcQuade