EURGBP short Morning traders
Working off the 30M time frame here on EURGBP with a follow trend strategy.
After riding a long trade from the 24th of November which was a 144 pip move that trade has come to an end this morning and I am now in a sell that has presented on my chart.
Personally feel EUR strength wont continue as hard as the last few days. Here's to some profit hopefully on the short trade.
For more info on how to be the right side of the market please message me.
Trendtrader
Has your strategy got you in these moves EURUSDMorning traders
Some massive moves yesterday as we see EURUSD pass 1.21 for first time in 18 months
Did your strategy have you on the right side of the market. This follow trend strategy I'm using did with a simple buy indicator presenting yesterday at 1:00pm UK time.
Currently the trade is running at 1:3.5 risk to reward, 120 pips in profit.
Don't miss these moves drop me a message for more information on the strategy.
EURJPY Long currently running at 1:6 risk reward. Hello traders.
Just wanted to show an ongoing trade on the H1 time frame I am currently entered that is running at 1:6 RR at 175 pips and still climbing.
On the H1 chart I run this strategy with a stop loss and follow the trend until next signal presents.
For more information on the strategy I am using please drop me a message.
CADJPY Long trade presented.Evening traders
A buy signal has just presented on my charts for CADJPY long working on the 30M time frame.
In this pair I am working to the TP2 target with the stop loss set as it as appeared on this chart.
This is just shy of a 1:2 risk reward ratio.
At the bottom of this screen is the back tested results on this pair year to date. Staggering returns of 114% profit.
For more information on the strategy I am using please message me.
S&P 500 CONTINUATION?S&P had a nice pullback which seems to be ending. There is also a falling wedge pattern forming on the 4h which typically does break to the upside. Eventhough it looks like it wants to set a low here and continue trending to the upside. Nothing is confirmed until we get break of the falling wedge.
AUD/NZD Long After the very bullish close on Friday i will now look for a long, taking the first position to the highs and letting the second run on a break even stop. This pair has lots of potential to move higher after a simple break and re test in a now strong uptrend.
If you want to learn more about how i trade feel free to drop me a message on here or on instagram: saxonpooley
Don't forget to also check out my weekly reviews!
Have a great week.
BUY: BTC/USD## OUR APPROACH:
- 100% Systematic Trend Following Trading
- Trading Long and Short Signals with a medium-term time frame to capture +50% price moves
- Always protect your position with a stop loss (initial stop loss turns into trailing stop loss)
## TRADING LONG SIGNALS:
- Go long as the price closes above the "orange" solid Channel Line
- The "purple" dotted line always shows your current stop loss (it is trailing)
- Ride the trend as the price moves up
- Exit the position only if the price closes below the trailing stop loss
##TRADING SHORT SIGNALS:
- Go short as the price closes below the "orange" solid Channel Line
- The "purple" dotted line always shows your current stop loss (it is trailing)
- Ride the trend as the price moves down
- Exit the position only if the price closes above the trailing stop loss
##WANT TO APPLY THIS SYSTEM TO YOUR TRADING?
- Reach out to us via the message function on Tradingview to get access to this Pine Script on Tradingview
## OUR TRADING SETUP (Hit the links below to sign up for the services we love!)
- Data and Charts by Tradingview:
tradingview.go2cloud.org
- Trading on Binance:
www.binance.com
- Trading on Bitfinex:
www.bitfinex.com
## OUR FAVORITE BOOKS
- Trend Following Trading – How to make a fortune in Bull, Bear and Black Swan Markets
amzn.to
- Trend Commandments – Trading for Exceptional Returns
amzn.to
- The Rule – How I beat the odds in the markets and in life – And how you can too
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- Market Wizards – Interviews with Top Traders
amzn.to
GOLD IS BAE - I LOVE BAE Gold gold gold, you are so perfect - IF ONLY we pay attention!
STALKING XAU/USD has given me an edge, to actually watch these patterns and setups form and COMPLETE (thats important, chart time- chart time- chart time)
who would've thought that drawing ONLY obvious lines on a chart would make a picture so much clearer?!... where was this brilliance 4 years ago lol -_-
My process:
-- drew my OBVIOUS zones in green - (obvious zones as in an area that price made THE MOST drastic turn in the opposite direction on the higher timeframe)
-- drew my obvious retracement areas in fuchsia - (obvious retracements as in , an area price revisits THE MOST on the higher timeframe)
-- drew my favorite chart patters (ascending triangle, descending channel, bull flag - on the higher timeframe)
-- drew my trendlines (on the higher timeframe)
Based off me doing these steps I was able to see that:
-- PRICE HAS BROKEN OUT OF MONTHLY SYMMETRICAL TRIANGLE (this gave us the trend direction...CONTINUATION UP)
-- PRICE IS FORMING AN ASCENDING TRIANGLE ON THE 2HOUR TIMEFRAME AND PRICE SHOULD BREAK OUT ONE OF THESE DAYS (even though I took the trade from the trend line bounce ; P)
-- PRICE IS MAKING HIGHER HIGHS / HIGHER LOWS (this confirms the uptrend)
-- PRICE PULLED BACK TOWARDS THE 20 /50 EMA (I don't trade when price is far away from the EMA/s)
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Price ended up breaking out of the ascending triangle, but I'm waiting for the 4hour candle to CLOSE
-- IF price closes above my RED ZONE I will buy on the pull back towards the zone + 20/50 EMA on the 15 min chart!
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-- IF price closes below the RED ZONE I WONT TRADE it until price shows me that its ready to be BOUGHT again! ( I LIKE TO BUY ONLY)
My trade plan for market open. My over all forecast is to see XAU/USD head to the next super key level at 1780.00 - WE SHALL SEE : )
Thanks for reading
** I am no teacher, just someone that fell involve with the markets the moment I saw my first chart. I've been dedicated to find a simpler way. I am here to share my thought process, winning trades and losers. I hope you have a great trading week!**
-Lee
THE TREND IS YOUR MF FRIEND"
Palladium Halts After Previous Big MoveThere is no surprise that Palladium has currently found weakness after hitting a round number following
a strong surge in price. With every big move, we can expect to see exhaustion in the market before
a continuation in the trend.
Price first made contact with the $2,500 round number on January 17th and has since pulled back.
The recent pattern of breakouts and trends may be over if price declines further but for now the uptrend
is still intact.
When price pulls back, we always want to look for areas of support/resistance that price may move towards.
In this case, the next obvious area of support below price is the 20sma. It was last used as support back
in December 2019 and may do the same again.
After this level, the next area of support is the previous resistance turned support which is right at the
$2,000 psychological round number but this is some distance away from where price is now.
Palladium is still priced higher than Gold and currently holding the title for the priciest precious metal
for the time being. If we do see a break and close above the current all-time high at $2,543 then we
should see further bullish moves in Palladium.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
JD Sports Very Much Bullish!JD Sports has a good history of trending well as we saw from the trend between
December 2018 to May 2019.
Price became exhausted and went into consolidation from May 2019 to September 2019
and the breakout in September was the first indication of further trends to come, which
is what we are currently experiencing.
This has not been the neatest of trends but price has consistently been heading to the upside
forming higher highs and higher lows.
Price may become exhausted again and form a period of consolidation and in that case,
we would just need to wait for a breakout to confirm a continuation of the bull trend.
A break above £8.90 should see further moves to the upside and give us the opportunity
to add to our already profitable positions.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
S&P 500 In A Linear Trend!The S&P 500 is going from strength to strength, continuing to create new all-time highs
since the beginning of 2020.
After breaking out of consolidation on the 28th October 2019, price has formed a
nice linear bullish trend. This Index has a good history of forming strong linear trends as we
have seen in the recent past from December 2018 to May 2019.
Some traders may begin to fear a market reversal based on fear but as technical traders,
we do not preempt market reversals. We need to see indications based on our analysis that
suggests a reversal is highly likely.
You can find more information on how we do that in the links at the bottom but to summarise,
what we first need to see are areas of support being broken. The first being the support at $3,027
followed by the $3,000 round number.
So, for now, we are in a bull trend and we may experience a pullback soon which is normal.
Price has the 20 simple moving average just below which is the first support area price may use as support.
This trend may go on for a number of months so it is worth looking at strong trending stocks for long opportunities.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.