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GBPUSD Mark UpThe highlighted area (1.21041 - 1.21738) was the move that took place before the start of the NY sesh. I'm looking for more upward movement with GBPUSD, but before that can happen I must patiently wait for price to play out for the highest probable trade opportunity. Four areas I must face head on: *Fear *Patience *Risk Management *Timing I'll be able to accomplish Risk Management & Timing sooner than Fear & Patience. I must be brutally honest with myself so I can overcome the little hurdles. I wish you all many successes in your own trading journey.
by ChrisJTradesFX
Moving averages as great tool when used on shorter timeframes!Since MA's are usually a bit slow in showing the best entry and exit points its good to use them on shorter timeframes and see what story are they saying. In this example, it is quite clear how shorter MA's cross down longer MA's and confirms the bear trend and how shorter MA's then cross longer MA's on the upside and confirm the bull trend! MA's used here are: - 20 - 50 - 100 - 200 Hope you will use them wise and well! Do you see the confirmation for the upside that is most probably coming now since the 3rd breakout try is usually the successful one? We already had 2! ;-)
KRAKEN:BTCUSDEducation
by Samoto
XAUUSD Mark UpDateThese are the areas of interest I would pay attention to for next upcoming trading week IF I were to trade Gold. Go to my initial published idea (7.25.19) to see what my plan was in the beginning. I only react to my zones if I see what I need/want to in the markets. Even though it's probably counter-trend I would be short on Gold for the following week, but only short term since price engulfed a higher TF zone of mine... downward movement could merely be a pullback so I wouldn't look to go for much in the move. We shall see. P.S. Price was rejected at the 1452.80 price point. Last time it reached them levels was back in 2013. Price will more than likely be met with more resistance between the 1482.99 - 1495.55 levels so be mindful of that. Happy Trading! *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
FX:XAUUSD
by ChrisJTradesFX
Lfyt Mark UpI do not trade Lyft, yet. I would like to share what I would do IF I were to trade this stock. I believe the overall is bullish even though we might see price head to the downside before we get some real bullish momentum into the market. That vertical represents the length of the move I'm projecting. I would long it from the $76.10 to $92 only if there's a break followed by a retest of the $76.10 price point. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
NASDAQ:LYFT
by ChrisJTradesFX
Good timeframe correlation on AUDJPY to shortUsing linear regression and resistance to guide this trade, across multiple timeframes there is reasonable indication that the price could be overbought and move lower. ENTRY At the time of the video, there was some support appearing on the lowest time frames (5, 15min) but should that get broken a move towards the mean of the linear regression channel is viable. STOP PLACEMENT A stop could be placed above yesterday's high (27th May 2019), or a more conservative stop could be placed above the high on 20th May. PROFIT TAKING Profit taking could be at the mean of the linear regression channel or at the lower linear regression channel. In both cases, with either of the stoploss placements described above, the reward to risk on the trade exceeds 1:1. What are your thoughts? Do you agree?
Short
by NextForexTrade