Monero, XMR to the downside? You have been warnedGood day everyone,
The daily time frame suggest that XMR can see a massive move to the down side. Calling out for all of eternity XMR incoming measured moves of $118 then $66, I could give you all 5 layers of confluence I see but what fun would that be, hint one of them...starts with a H ends with a S...Happy Trading folks!
Tradeofthemonth
EURNZD STILL FLYING!!! Over 650 pips in PROFIT!WHAT A TRADE!!
This BUY on EURNZD STILL OPEN! Now running over 650 pips in profit!
Afternoon traders!
A lot of messages recently reagding the buy and sell strategy we use and how it works so i thought ill make a quick video for you all explaining how it works, what it does and how you can use it! hopefully this answers alot of your questions but dont hesistate to drop me a message if not. :)
What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too!
Broadridge Financial Solution Inc. - "Trade of the Month"NYSE:BR
Our Long position on BR was the trade of the month with a 10-fold gain over the potential loss.
As always, Risk Reward and % Profitability are the fundamental data to evaluate the efficiency of your way of trading, in addition to the Mind-Set.
BTC finally able to see new light!BTC has finally broke the diagonal resistance and is able to see new light, break higher price resistance and creating new price ranges at the higher values. Now is certainly one of the best or even the best for cryptocurrency newcomers to join the markets and reap the fruits of it. Possibility of BTC mooning is higher than ever as we are getting near the NOV period when BTC previously mooned last year. However, the road is never smooth sailing as there are upcoming resistance for BTC to break through. Only further analysis would tell whether BTC will moon this year or not and be sure to be up to date whenever I posts new trade analysis by following me. There never any harm in doing so as you could only discover new trade opportunities by doing so. So please do follow me and if you do, I would like to greatly thank you as it is always great to see my work being supported and appreciated by you guys.
Here are the upcoming resistances for BTC:
Resistance #1: $6781
Resistance #2: $7351-$7518
Resistance #3: $8400
If you wish to donate, here are the addresses you could donate your coins to:
Bitcoin -0.14% Address
3AC7bbBQvKdVTY5B2JhvkgyxcfAymWRehV
BitcoinCash Address
bitcoincash:pq49556q9waej6gryt36eaxv7sx63eu39yr36hwm2w
Litecoin Address
MAbr3WfBCvVYz3FAkYA6ZtwEDLKqd2EANF
Thanks for donating! It is great to see my work being supported by you guys!
GBP/JPY - SHORT OF THE MONTH After finally breaking the neckline of the head and shoulder pattern that has been forming since the end of last year, we now have confirmation that this pair is in a new trend. In order to capitalise on this, I'm looking for a re-test of the neckline (around the 148 area) which would also line up with the daily 50ema.