Get started

Trendtrader

Burford Capital bouncing off supportBurford Capital is retesting support which is the top of the previous consolidation zone. As price was in consolidation for such a long time it would be wise to only take a trade once we have a breakout. Overall the Monthly, Weekly and Daily timeframes are bullish so there is no need to force an early entry, we just need to sit back and be patient and the opportunity to enter will arrive soon. There are times to enter pullback trades but not so soon after a period of consolidation. The reason for this is because price can easily decide to return back into the consolidation zone. We should know soon enough if the support level can hold. Any comments or questions, do not hesitate to leave them below. Sublime Trading
LSE:BURLong
by Sublime_Trading
GBPCAD on the Watchlist for Long TradesThe GBPCAD is starting to look interesting but needs to clear a key resistance cluster if we are to place long trades. As explained in previous posts such on the EURUSD, we look for a certain criteria to be met across the monthly, weekly and daily timeframes that defines our edge before placing trades. Having and being able to define your edge is essential to good trading. As the saying goes, if you can not define your edge, you do not have one. And if you do not have an edge, you will get eaten by someone who does. So if you are in a situation where you are constantly faced with losses, then ask yourself if you can define your edge? If you are struggling, then that is where you need to start. In regards to the GBPCAD, our edge is only partially met for now on the three timeframes. Monthly - Price is trading above the high of 2017 but faced with immediate resistance at the round number 1.8000. Weekly - Price is trading above the 50SMA but is faced with immediate resistance at the 200SMA. Daily - Price is above the 50SMA and the 200SMA. The cluster of the weekly 200SMA and the round number 1.8000 is the resistance zone that we would like to see cleared first, ideally in the shape of a bull flag, after which we will look to start placing trades. The current trend in play since bouncing off the daily 200SMA and weekly 50SMA support zone at the start of the year is looking neat and linear is covering ground at a good rate. We would like to see this trend structure continue to the 2015 high at 2.1000 and ideally beyond. This will then offer ample opportunities to compound strategically as the trend develops. This currency pairing has potential but we must apply patience for now and allow for the above mentioned resistance levels to be confirmed as support but we start allocating our money to any trades. Any comments or questions, do not hesitate to leave them below. Sublime Trading
Long
by Sublime_Trading
EURUSD: Potential Longs before the Advanced Pattern Here's a look at one of the trades that we're going to look at in tonight's Syndicate video (just emailed out!) on the EURUSD and a great example of putting our I.P.D.E. thought process to work. Price has just broken above previous structure resistance, giving us the indication that we're likely to see a continuation higher. The buying opportunity would come on a retest of that broken resistance which may now act as support for the new trend. Also for anybody looking to see what the "Reality of Trading" really brings. I've just uploaded a very emotional video to my youtube channel. If you're a newer trader this is a MUST WATCH! goo.gl Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl Facebook: goo.gl Twitter: goo.gl Instagram: goo.gl Periscope: goo.gl
Long
by Akil_Stokes
8
EURGBP: Return To Structure Syndicate members there will be a video uploaded breaking down this trade shortly (I have to re-produce it), But what I'm looking for on the EURGBP is a Bullish trend continuation trade opportunity. The Red & Green boxes represent levels of structure in the market with Red being resistance & Green being Support. As you can see originally resistance held, but once beaten down was turned to support which was also retested and held before rallying higher. If price action were to return to this level it would offer us a potential trend continuation trade as this market has a lot of upside potential. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
20
Signs of Bullish sentiment for Crude Oil ahead of Doha meetingIn our last post here, we noted that Crude Oil has entered a bullish sentiment zone and that we are on the lookout for bullish signals to go long on this commodity. While there is no strong signal of a bullish market on 1h and 4h chart yet, we note that the first signs of a bullish continuation is occurring on the daily chart.  Although not a very decent bullish candle, there is some sort of support for Oil at 42.00 but this could be due partially to a Friday close, and closing of positions ahead of the meeting in Doha this Sunday. Nevertheless, we still remain bullish on this pair, but waiting for further confirmation next week before we commit to this trade.  Visit our main page at www.fxgenesisfm.com for more analysis and articles, or if you wish to connect with fellow trend traders. :)
FX:UKOILLong
by FxGenesis