💥 Gold sell - print it, frame it and put it on the wall.💥Our M15 Gold strategy hits some losses, but we cut them short and let the winners run.
That's the key right?
This will be held until we see a reverse signal.
Are you in Gold sells too? Running 1/7 RR currently.
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Regards
Darren
Trend-trade
USDJPY Weekly S/R| Swing Low| 21 EMA| Price Action Evening Traders,
Todays analysis – USDJPY- trading below weekly S/R with further downside probable,
Points to consider,
- Price action impulsive
- Weekly S/R Resistance
- Swing Low objective
- Oscillators Bearish
USDJPY’s immediate price action is bearish under Weekly S/R, a bearish retest will allow for a short biased trade.
The swing low is current objective, price action exceeding thing level will increase the probability of a further trend continuation.
Both oscillators are trading in their respective bearish control territories, remaining here is indicative of weakness in the market.
Overall, in my opinion, USDJPY is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.”
― Yvan Byeajee
Don't miss the Gold sell. And get on Santa's good list 🎅🏻👇🏻Gold sell - new sell trend identified by our Edge Algo. 📈
SL and multiple targets shown on the trade itself.🎯
BTW, I did nothing with this analysis - all done for me whilst I stand in queues trying to get my last few bits of Christmas shopping. 😎
Systematic Algo trading at its best.
Merry Christmas all, catch you after the big man has been.🤷🏻♂️
Or not.
Regards
Darren
P.S. Santa said you are likely to be on the 'Good list' if you drop a like on this trade idea.🙌
P.S.S. Odds further increased if you checkout and do the same on my 'related ideas'. 🙌🙌🙌
EURNZD - Stop loss hit 🤷🏻♂️Stop loss hit on EURNZD.
Direction correct, but the ATR based SL was a little tight on this particular move.
But its one trade, we know it works historically, because we have tested and can see the results if we increase it will have a longer term negative effect.
We can not let a recent trade give us 'recency bias' and cause us to change anything.
Regards
Darren
GBPNZD - take the time to find levelsOnly trade I've entered today. Nice level alone with a 3rd touch into the trendline (remember this is the markets it may not always hit your desired target 100% of the time) we missed the trend by around 40 pips but we took the entry anyway due to these nice levels.
Only a 2% risk on this trade, with a RR of 50 pip SL and around 260 pip Take profit. We'll more than likely hold this trade over the weekend.
If you have any questions feel free to drop me a message.
Enjoy your weekend and appreciate the people around you on your journey.
NZDJPY - look for strong levels within the chartAs you can see from the analysis here. NZDJPY respects the daily level of70.036 very well. I have marked these areas out in yellow where price has reacted purely off these. If you look at the trendline we currently have we can see that the pair was on the rise. You can see where the red box is where we lost the trade as we expected more upward movement. With correct risk management these losses are ok.
What you can see now is we have marked out an area where price should reach the trendline to retest and also test the daily support both of which mean we should see some downward movement. Let's wait and see what happens.
US30 Sell still valid.Still time to review and consider this one - not far from entry price.
This entry is based on our specific parameters for US30 as you can see in the bottom graph - almost a 1000% gain since 2018 with a fixed 1 contract size, no compounding!
We are aiming for TP3 or closure for a reverse trade for target, but manage as you wish should you enter for those without access to our tool.
Regards
Darren
ANALYSIS ON GBPCADHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the price is at very crucial point. Wait for a breakout.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
THE TREND IS YOUR FRIEND... but don't trend trade!!As you have probably heard do not trade against the trend. I'm going to assume you know what this means but if you don't read the bottom paragraph first.
Trading with the trend is obviously much more beneficial to us, and its clear why we shouldn't go against it. But have you tried being a trend trader? Aka a person who tries to identify trends and rides these huge moves out and scales in along the way?
For starters markets range 90% of the time, so only in 10% of market conditions are you going to succeed. Assuming you don't miss the big move because of all the previous losers and break evens you had in ranging conditions which filled you full of self doubt.
There are people who successfully trend trade, and I ask myself why bother??? It is such a struggle, you have to go through so many loosing streaks and keep calm and collected until that big move comes and you're in on it. For me that is too much stress and too much of a strain on my brain.
Trade with the trend when there is one of course. Only buy if there is a clear uptrend and sell if there is a downtrend. But in my advice I would steer clear of trying to follow the trend orcatch these big moves; you'll get chopped up hard in between!
I like it simple. See where people just got wiped out by the banks and follow the big boys.
Do you want to join our gang Haha?
You stay classy San Diego.
***** Trading with the trend is only buying in an uptrend, and only selling in a downtrend, if you do not know what a trend is, message me or google "How to identify a trend in trading" *****
USDCAD The Loonie is starting to look very interesting.
Still in a Weekly Phase 2 and trapped between the Monthly R2 pivot and Yearly pivot, a break above and price could reach the long term trendline. Any sell trades should initially target the yearly pivot.
A clean break of the yearly pivot would open up to more selling.
USD/JPY: time to sellUSD/JPY: time to sell. Infact the price has broken down the last key short-term static support. It is identified by 61.8% of the Fibonacci retracement and placed at 109.35. After violating both key dynamic supports on weekly time frame (EMA 20 and 200 periods).
Technically the price is set to a further downtrend. It is continuing this short/very short-term downtrend. This should lead it as the last step to retesting the first really important support. It could be found on the 78.6% of the Fibonacci retracement (set at 104.9).
Before this, there are only static supports of secondary importance, which should not be able to bounce the price and reverse the trend. Obviously if the macroeconomic scenario does not change.
This fundamental scenario is always uncertain in the eyes of investors, who are turning to the Japanese currency, using it as a "safe haven". This trade tensions between the US and China are tracing back all the major world lists.
So on USD/JPY: time to sell and we will wait for a confirmation on the weekly closing before set any trades. If it closes below 109.3 we will position ourselves short; vice versa we will enter long with a very short term position as for us the main trend remains bearish.