GBP AUD Recap Recap on a trade a put out yesterday on here
didn't get this one, went my way but didn't pull back for my entry into the re test of structure.
disappointing when this happens but that's trading
Recap
Daytrading RECAP 04/08/20 - 3 Longs & 1 Short for +1.6%!Hi traders,
Tom with another recap here.
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.*
I switched to video recaps so you can see the charts in greater detail. Let me know if you like it!
Four trades today:
1) UPS - LONG @95.04, stopped out at 94.27 for a little under -1%
2) T - SHORT @29.62, closed half at 2:1 and the rest at B/E (messed that up). Total profit a bit over +1%
3) NVAX - LONG @16.75, closed half at 2:1 and let the rest run some more, closed just before 18 for a total of +2.5%!
4) PINS - LONG @16.9, the stock couldn't hold the pressure and collapsed into my SL @16.4 for -1%
Total PnL for the day: +1.6%
Total PnL for the week: +2.05%
In hindsight, I left money on the table with T and should've reversed PINS after it stopped me out and showed big pressure to the downside.
Mistakes are great teachers for your trading, learn to accept them and work with them!
Good trades and let me know how your Wednesday trading went!
Tom from FINEIGHT
Daytrading RECAP 04/07/20 - SPY Cost Me -1.875%!!Hi traders,
Tom with another recap here.
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the graphs.*
I hate losing as much as the next guy, but let's be honest, trading comes with losses and as long as you keep them low it's fine!
Two trades today:
1) APA - entry LONG @ 6.85 with 6.45 SL, exited @ 6.5 (saved some money)
2) DAL - entry LONG @24.01 with 23.61 SL, exited @SL
SPY behaved funny for my trading style and spoiled my plays. But hey, it's always times like this to come up with some tweaks.
This means I gave up -1.875% today, but still slightly profitable for the week and we've got still 2 more days to go!
Last week I ended with +8% so let's see. Fingers crossed ;)
How was your Tuesday? Did you beat me?
Good trades,
Tom from FINEIGHT
USDJPY Learning Volume ProfileI am learning how to use volume profile, in addition to learning how to run my analysis. For this particular pair USDJPY, I noticed where price did bounced off of. It acted as a support, and the low volume node bridge is an indicator that price was going to turn around and head back towards a point of control, as well as head towards a value area with higher value.
Gold Long Update 10/02/19aboveThis trade appeared to work out perfectly. Painted a picture perfect bull flag, in addition to rejecting a specific level around 1475 on the low end, and 1478 on the high end of the level. The smma crossed north through and fanned out in a bullish manner. My entry was based off of the retrace of the bull flag, in addition to price closing above the cold smma. One particular reason I chose that level for rejection or acceptance was a combination of two different things that are confluent with each other. The first being the whip saw candle that painted itself at 14:15 UTC on OCT 1st, 2019. That particular candle seemed to be either a resistance or support flipping point, and in this particular case, it acted as a support. In addition to that candle, when I highlighted its upper and lower bounds, I actually noticed that I lined up with two low volume nodes on the volume profile that, in my opinion, coincide with the junction or separation point of the two levels. The levels below (around 1475-1462), and the levels above (around 1478-1489). In this particular case, I was expecting a small pull back in price before it continued further up in price.
CADJPY Long Recap 9/30/19Took CADJPY LONG for about 15 pips. Not entirely sure why I entered this trade, but I did nevertheless, and it did make me profit.
Entry (1) : 81.535
Entry (2) : 81.535
Exit (1) : 81.664
Exit (2) 81.666
Total P/L : + $2.41.
EURJPY Long Recap 9/30/19 EURJPY Long. Got stopped out.
Buy 0.05
Entry: 188.010
Stopped Out : 117.908
P/L - $4.71
Why did I buy this? I was expecting it to break out into what I believed was going to be a bull flag. Turns out, it did not break out, and I got stopped out instead.
BTCUSDT Long Recap 9/30/19 Took BTCUSD Long because of the green sun indicator for btfm peaks. Not only that, but it appeared that the trend was bottoming out, and would likely get bought back up for balance. In addition to that, the CCI was below -100. After moving 90 pips, I decided to close the trade, and take my profits. Had I held the trade, I would have hit my target for the day. Entry price was 7798.67 -> 7891.21. P/L + $9.32.
GBPNZD Short Recap 9/30/19Took this trade based off of an idea that I had marked up last week. In my opinion, I believed that when price reached the level around 1.96, we would see some downside. Turns out, the trade that I took was good for about 15-16 pips and a total of $4.32.
IDEX Big Two Day MoverBig two day mover #IDEX $IDEX broke above resistance right at market close. Looking for it to re test, for my entry, and then will ride the continuation trade either way, ill be watching this the next few days. You can visit my youtube and watch my full video recap, link in the description!
KNDI Can We Continue?Big gap up today off some positive news. $KNDI #KNDI is looking to continue its move higher, we need to see a break and re test before the entry, will be watching the next few days. You can visit my youtube and watch my full video recap, link in the description!
ABIO Where From HereBiggest gapper today #ABIO $ABIO, fell right away at market open. Looks to be setting up some possible support, ill watch it tomorrow and the next few days to see if we can break back above the median. You can visit my youtube and watch my full video recap, link in the description!
BOXL Where Do We Go From Here?Good evening traders! You can see my full video review by clicking the link below in my signature description!
I have updated charts, and new video's available every day. Follow me on tradingview, and subscribe to me on youtube!
Leave any questions or comments, and I will get back to you as soon!
MBOT The Rocket That Wont StopGood evening traders! You can see my full video review by clicking the link below in my signature description!
I have updated charts, and new video's available every day. Follow me on tradingview, and subscribe to me on youtube!
Leave any questions or comments, and I will get back to you as soon!
SPI An Interesting TradeGood evening traders! You can see my full video review by clicking the link below in my signature description!
I have updated charts, and new video's available every day. Follow me on tradingview, and subscribe to me on youtube!
Leave any questions or comments, and I will get back to you as soon!
Economic News for the week of August 24thNew format figured i would split up the economic news from stocks news into two charts. Will post economic news on the EURUSD charts while stock news on the SPY charts. This is in order to cut down on space used up in the charts.
www.cnbc.com
www.telegraph.co.uk
seekingalpha.com
www.reuters.com
www.reuters.com
www.wsj.com
www.cnbc.com
www.reuters.com
seekingalpha.com
seekingalpha.com
www.irishtimes.com
seekingalpha.com
www.nytimes.com
www.census.gov
AUDUSD Recap (Recap)AUDUSD we saw the price rally to the upside as predicted last week and gaves us nice pips. Now the price reached 61.8 fib level and broke it and heading to the 78.6, the price still bullish but we will see how the price handles that level, still the price could head to 0.81000.
Tenemos AUDUSD una buena corrida a la alza, he puesto el fibonacci de retroceso para ver donde el precio se puede comportar. el precio subio paso nivel 61.8% proximo nivel a llegar es 78.6 vemos si el precio respeta ese nivel, igual la tendencia de ese par es alcista desde antes asi que estamos viendo una extension del precio, puede hasta llegar a 0.81000
USDJPY Sell Position RecapUSDJPY was on a sell las week as posted. Now the price is working in favor of us and the sell still in play. Price rejected trend line in high timeframe and a good SL is set for a 200+ pip benefit.
GBP/USD Closed In ProfitHey Traders,
We have closed our GPB/USD trade from yesterday in profit. The reason for the close is that price action has twice rejected the 1.27000 level and we now await a break of this level to resume our buy bias.
On another failed break we will consider selling at this level as buyers maybe exhausted and the market will need to drop before buyers re-enter. We of course are led by the market and will inform of when we see a signal to enter again.
We captured 82.6 points from this trade which is a great start to the week. We hope you managed to make gains on this pair today as well.
Do look out for further trade ideas from us over the course of the week.
Trade brave.
