In this live trading session video, we are analysing the basis for our 2 short trade positions on GBPUSD. We look at why we placed our target very near to entry on 1 position and much further on the 2nd trade position.
In this live trading session video, we are looking at how we are managing our short trade position on GBPUSD based on stop taking and continuation move patterns. We also take a slight look on the stretch principle and how it correlates onto the higher timeframes for the bar range to form.
In this live trading session video, Trader Thiru explains the concept of capturing a weekly bottom on a daily timeframe before it confirms on the weekly. He looks at real time trade examples of this occurring on AUDUSD,EURUSD and GOLD. He also shows a live trade of EURJPY that he and his team at Master the Markets are currently on based on this concept.
In this live trading session video, we look at the daily and weekly correlation of USDJPY and AUDUSD to analyse the open equity left and place our trade orders with specific entry,stop loss and target levels. The principles taught here can be cross transferred to any other instruments.
OANDA:GBPUSD GBPUSD broke support on the 1H. It is currently making a possible retest around the 50%-61.8% fib retracement level. A bearish reversal candle will give us a confirmation for a sell setup on GBPUSD.