[XAUUSD Short] 25 May, 2021 25 May, 2021 - Roger V Trading Ideas25/5/2021
XAUUSD
Entry Resistance level idea:
1880.00 Resistance
TP Support level idea:
1838.00
Final SL for all Short positions:
1896 Resistance Level
1909 Resistance Level (Final)
Comment:
This XAUUSD Gold trade ideas was made on the 25th of May 2021 on FB Group. However, did not get a chance to comment on here.
As far happened since 25th of May, the trading idea stoploss was hit at 1896 for the first order in. However, the second time in should be at around 1906~1909. The trend tested its resistance, and did not breakout. Meaning that, the trading ideas for gold valid.
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Rogervtradingacademy
[USOil Long] 4 June, 2021 - Roger V Trading IdeasUS Oil
Roger V Trading Ideas - after breaking out of the double top "M", another one sided direction has started with oil, hence as per my perspective. Unless, the worst case will be dropping below the red line I have drawn on the graph, if not then it will be a one sided long position direction for a while.
Currently, I do not see a best entering position or an end of long position as per trading idea written today on the long time frame period.
However, for Oil traders - if to trade from today. If really want to give a shot, it is always good to test the market out at the support/ resistance level for a better risk ratio award on the win or lose.
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
[USOil Long] 4 June, 2021 - Roger V Trading IdeasUS Oil
Roger V Trading Ideas - after breaking out of the double top "M", another one sided direction has started with oil, hence as per my perspective. Unless, the worst case will be dropping below the red line I have drawn on the graph, if not then it will be a one sided long position direction for a while.
Currently, I do not see a best entering position or an end of long position as per trading idea written today on the long time frame period.
However, for Oil traders - if to trade from today. If really want to give a shot, it is always good to test the market out at the support/ resistance level for a better risk ratio award on the win or lose.
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
[US Dollar Index] 12 Jan, 2021 - Roger V Trading IdeasUS Dollar index
What happened to US Dollar index?
Since ever US dollar index has broke the support level of the triangle in November 2020. The US dollar index has gone in a bearish trend.
Until today on the 12th of January 2021, I was able to return to review the US dollar index chart, and realised there is some potential signal appearing on the MT4 monthly chart, with a bullish candlestick. Knowing that one monthly candlestick represents four weekly candlesticks. As per image shown below.
As per Roger V Trading Strategy, new lows or new highs. It is more preferred to wait for extra more candlesticks to be formed in a consolidation before it is considered as a pair to execute the trade.
Before the first bullish candlestick is formed in the weekly chart, the strategy taken by Roger V's, is more preferred to idle until the third or fourth candlestick to be formed. I would wait further if there is no in favoured signal appear at the time.
Friendly Note:
The candlestick formed in a greater timeframe, is more legit and it increases the potential of the direction will proceed.
What is happening in the weekly and monthly chart of US dollar index:
As seen on the monthly chart, an on-going bullish candlestick is currently forming for January 2021, it may take another 19 natural days to form its candlestick. At the same time, looking into weekly chart, there is four candlestick formed already for December 2020. If the candlestick on the weekly chart can form a bullish candlestick. There is a potential possibility this may be a long term trend turning point for US dollar index to turn its direction from weak to strong with the US dollar. (As per technical and strategy view.)
Worst Case Scenario:
However, not to ignore the worst case scenario if it happens.
If the price goes down to 88.900 (Danger zone) and then if even worse, surpasses the last support level of 87.900.
The potential idea of US Dollar in going strong will all cease its idea.
Best Case Scenario:
All major pairs will be in the direction of US dollar going strong (70~80% correlated most times)
Major pairs such as, AUDUSD, USDJPY, USDCAD, USDCHF, NZDUSD, GBPUSD,EURUSD.
Gold would also be considered to be a strong correlated relationship with US dollar, as the abbreviation is XAU USD.
(For further questions or anything unclear, feel free to leave a message in the posts comment at the bottom of the page or on Roger V Diamond VIP group.)
Conclusion:
Due to the above reasons, the possibility for US dollar if not breakout the last support level of 87.900. There will be a potential of US dollar going strong in the next few weeks time, or even upward trend in months time.
(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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How to get closer with market updates?
Where to find Roger V?
FB/ Google: Search Roger V Trading Academy
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
[GBPAUD] 8 Jan, 2021 - Roger V Trading IdeasGBPAUD
Entry Support level idea:
1.743000 Support
TP Resistance level idea:
Target 1: 1.77000
Ideal Target 2: 1.868500 (This will update over time if any change.)
Final SL for all Long positions:
1.739000 Support Level
GBPAUD Trading idea comment:
Over a long period of time for GBPAUD, it has been going in a bearish trend since April 2020. Finally, it is showing signals in the daily chart of two bullish candlesticks like the GBPJPY (Can be found in the image below) that was written on the 8th of Jan 2021 Roger V Trading Ideas (Press here to read the idea of GBPJPY)
The weekly and monthly time frame actually does not meet Roger V strategy requirement.
However, if daily chart is able to further consolidate in the current status long enough to affect the later weekly chart, and then so on to monthly.
The potential success rate in trading long position and entering near the entry level on GBPAUD will be more in favoured.
Worst Case Scenario:
Two options:
1. Can wait or ask Roger V on Roger V Diamond Club, to see if the trend is actually true breakout or false break.
a. If true breakout - try to find a lower loss to stop loss.
b. If false breakout - hold it, and carefully look at the weakening signal from M15 to H4. (Same method as looking at the weakening signal candlestick combination taught in group.)
2. Can stop loss straight away at the final SL, if the loss amount has gone over your expectation. (This is to be known before you make any orders.)
Best Case Scenario:
Trend does not breakout final SL of 1.739000 support level.
After a successful consolidation here at 1.743000, rebounded back and break Target 1 of 1.77000, and does not show any potential rebound for a retracement back down again, and goes straight or near to 1.86850.
Last statement with GBPAUD idea:
Don’t forget that Roger V Trading Strategy, works on the longest time frame and descends to the lowest time frame.
It is also alright for those that are wanting to trade a roughly of 10 ~ 60 pips to follow all ideas by Roger V Trading.
Just make sure the direction trades are only made in one direction of the trading idea.
Unless it breaks the final SL, then all long position for GBPAUD must cease and consider the trading idea was incorrect, and default reverse the direction of the original trading idea direction in idea point of view.
(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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How to get closer with market updates?
Where to find Roger V?
FB/ Google: Search Roger V Trading Academy
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
[GBPNZD] 10 Dec, 2020 - Roger V Trading IdeasGBPNZD
Entry Support Recommendation:
1.89250
TP Exit Resistance Recommendation:
Resistance level Target 1: 1.92000
Resistance level Target 2: 1.95100
Final SL for all Long positions: 1.88000
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(Note: The forecast above is an estimation of the resistance/ support level for the Entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
Roger V WeChat: lokiho512
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
[XAUUSD] May 13, 2020 - ALuoTradingJournal***XAUUSD ***
Resistance Level Entry: 1717 (Depend on the Candlestick signal)
SL (final point for changing in direction) : 1750 (Depend on the Candlestick signal)
TP Resistance level (Ideal TP): in between 1626 ~ 1650
Comment:
Since after the big drop of 30% with oil, gold spread has not been normal for most platforms.
It will not be a considering instrument to currently trade. However, it is still good to keep an eye on the trend, to see how it will go in longrun.
(Note: The forecast above is an estimation of the resistance and support level for the Entry, TP, and SL. For more precise positions, will depend on the shape formed with the candlestick at the time.)
Roger V WeChat: lokiho512
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
[BTCUSD] May 13, 2020 - ALuoTradingJournal***BTCUSD ***
Resistance Level Entry: 9955 (Depend on the Candlestick signal)
SL (final point for changing in direction) : 11010 (Depend on the Candlestick signal)
TP Resistance level (Ideal TP): 7305
Comment:
Bitcoin is currently going on its triangle channelling, there is a possible opportunity to short Bitcoin if it once again reach 9955 resistance level. This will depend if the strength of the price momentum at that time continues to go up or not. We can discuss further when it actually gets there in our WeChat Group.
(Note: The forecast above is an estimation of the resistance and support level for the Entry, TP, and SL. For more precise positions, will depend on the shape formed with the candlestick at the time.)
Roger V WeChat: lokiho512
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.