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Weakness Back on The GBPUSD?Last post: June 24th. See chart . Review: Price had pulled back to the daily 20sma which was acting as resistance. Update: Price has bounced off the 20sma and produced a potential bearish engulfing candle suggesting weakness. Conclusion: Continuing to stand aside until pivot support is cleared and price moves towards 1.3000. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Short
by Sublime_Trading
3
USDJPY - Long term distribution - Major move ahead!Here we have an example of an event within an event within an event. Next move on the weekly event should be a sign of weakness towards the bottom of the range. Daily event shows a distribution event that is currently in phase C lpsy. With weekly & Daily bias bearish, this increases our probabilities of a successful short in the h1 TF, which isn't in phase B of what is most likely a distribution. Big gains to be had with this one in the mid/long term.
Short
by ColinGallaghere5
USD/JPY: Selling it next week ! Check why Hi guys, We have a very nice bearish divergence on H4 but not yet on shorter timeframes suggesting the pair is preparing to go down but is not fully ready yet, so no rush. We could have a nice confluence of two resistances (check the chart) so it would be a perfect area to short the pair. The potential is about 70-75 pips on this trade. As you can see we have selling volume at the highlighted area. The same way I am bullish on GBP/USD (please check my idea on the link below), I am bearish on USD/JPY, so generally speaking a USD seller for next week. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ The trading plan: Wait to have a bearish divergence on H1 or M15. As soon as it is formed I will short the pair. My target will be the support of the trend line. Trade with care P.S: If you do like my ideas please add a thumb up or a comment :-) Thanks Jesse
Short
by SwissPips
7
I am buying GBP/USD next week (200+pip trade) Hi guys, Happy to publish again in here, been super busy with some various projects. Excited to share them with you soon ! GBP/USD has been accumulating as we can see increasing volume in the highlighted area acting like a support. This is clear on H4 and on M15 as an extra confirmation with a very nice bullish divergence. The idea is to buy as soon as we see a nice bullish candle on H1 or M15, probably during Monday's morning session (London). The target will be the resistance area as shown in orange. Trade with care. Best, Jesse
Long
by SwissPips
5
The TRYJPY Weakens Further Last post: June 13th. See chart . Review: Price had bounced off resistance suggesting weakness back in the direction of the bear trend. Update: Price has continued to weaken but is a distance away from breaking and closing below the pivot support of May. Conclusion: Applying patience and waiting for price to clear support before placing further short trades. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Short
by Sublime_Trading
2
Getting ready for next week: Currencies Oil & GoldAll I have to say is I would not risk betting against the US dolla :p USDCAD ... Nothing stopping it... CAD might lose value against other currencies even. GBPUSD has bounced, a sign that others will follow? USDCHF let's see what happens when it reaches the top :) USDMXN actually dropped hard! Watch out this could happen to other pairs if the USD keeps gaining too much strength quickly. GBPUSD might be following this path. Cross currencies: Generally the EUR seems one of the weakest, CAD too perhaps but EUR weaker. AUD took a hit but it might be over. Yen is strongest? EURJPY looking bearish, If it goes down, will it bounce on 0.5 fib? It is a bit weird here it went and bounced on .3 fib but then back up to a slightly higher high so idk... Here we can see the AUD is maybe getting stronger and CAD weaker: Clearly the Euro is the weakest of all. Just falling... *** Gold *** Very very nice bull break of the weekly inside bar we got. I shorted it at the top but it pulled back to scam me and that is when I got out at no profit. And then fell hard. It bounced on the weekly 100 MA. Just started to, cannot tell if it goes much higher... Next stop 1250. Not going long before that lol. *** Oil *** Oil finally dropping after several days of slowly going up :) Go go fill my longs. *** Magic coins *** Done wasting my money with this ponzi. Trading these scams is only interesting on crypto exchanges and if I do that my money is frozen for weeks at a time while nothing happens. This ponzi attracts criminals of all kinds. I am surprised there has been no terrorist attack linked to crypto yet, should happen any time. Trading this is no better than trading baby brains he is right. Today I made a withdrawal in real money from Kraken. I am just going to short this joke to the ground and leave a bit on bitmex to trade if I see an opportunity. Goodbye, I won't miss the biggest scam mankind has ever created.
by MrRenev
2
Cable's out.Weekly chart is showing us multiple confirmations for a continuation to the downside. PA showing a double top at the 1.40 price level, suggesting a strong point of previous support before breaking through mid 2016, has now turned resistance. A break below the neckline and the EMA band came in conjunction with the MACD sell signal. There's a range between approximately 1.32 and 1.35 on the daily chart I'm watching and the BoE rate announcement this upcoming week should make this an interesting play. A break below the range and I see price coming down to the 1.2750 level next.
Short
by LockNLos
Will The Dollar Index Break Resistance? Last post: May 30th. See chart . Review: Price was very much bullish but faced with the weekly 200sma acting as resistance which caused a pullback. Update: Price is still faced with the weekly 200sma as resistance but a bullish move on Thursday could give momentum to the bulls. Conclusion: Standing aside until the resistance zone is cleared and acts as support before looking to place long trades on USD currencies. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
DLong
by Sublime_Trading
1
[EUR/USD] Short Opportunity -2.67% R/R: 2.44EURO / USD Near Short Opportunity Why? ~Bearish candles with big volume on rejection showing price can't go much further ~Bearish divergence on RSI ~Yume looking to twist on rejection by Miaku line ~Confirmation of break over trendline, with pullback to under the trendline To be traded on 1-10x leverage. Depending on stack size. Message me if you want to join a private trading group. Xander~ This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact. Any losses made through these decisions do not hold me accountable. You should never invest more than you're willing to lose.
Short
by XanderCrypto
4
How to trade EUR/USD on the Daily Timeframe [FULL EXPLANATION]Trading EUR/USD on the Daily Time Frame: Delete the noise, patience wins Here I present a textbook trading set-up + a fancy little indicator known as the EAG Yume Wave. First we need to set up our parameters, what is confirmation and what isn't? Your analysis does not need to be over complicated, you want to be considering the key/strongest variables when you are creating your final equation. You can backtest multiple indicators, I usually play around with ichi, different MAs and a couple of momentum indicators and the RSI to see if I can make anything work. Here are my personal EURO/USD Daily TF Trade Parameters and WHY I have chosen them~ 185 EMA This has acted as a really good measure of resistance all the way through EUR/USD's last few months. To find this I played about with the settings. Fibonacci lines and extension These allow me to see all the individual lines to trade from and where my points of confirmation will be when a fib line gets broke. Trend lines and horizontal support & res Important textbook trading skills that should line up with my other indicators and fiblines. EAG YUME WAVE Indicator Watching for the twist and then watching for if the Miaku can provide support on the downfall. Volume + MA Volume in traditional markets can help us confirm where potential bottoms are with good buy backs. Do bear in mind there is the risk of a volume divergence hence why I am neither bullish nor bearish UNTIL we get some form of confirmation! If you learnt something or just want a chat about how I trade add me on Discord: Xander#5055 A follow and a like would be greatly appreciated for my time :D ~Xander
Education
by XanderCrypto
4
Are You Cutting Your Winners Short by Trying to be Right?Good trading is a curious mix between taking profits when the market makes them available, and letting profits run to capture big wins. The problem is that, more often than not, this decision is dictated by emotion rather than reason. Instead of trusting the statistics behind our edge, we focus on trying to be right on our current position. Trading is a statistical game Top traders know their probabilities. They recognise that no matter the quality of their analysis, once they have entered their position, it may or may not go for them. If they start to second-guess which ones will go and which won’t, then chances are they will cut themselves out of some winners and degrade their system in the process. Understand the move you are looking to capture One of the first things to do when developing a system is to get very clear on the moves you are looking to capture. Once you have identified the types of opportunities you are looking for, you can create a “rule-based” plan to capture those moves with the best risk/reward possible. You should garner an understanding of how often the moves occur, how long they typically last, and how big the pullbacks can get. How the need to be “right” manifests itself when exiting There are three main ways that trying to be right interferes with our exits. This can happen both in the system development phase, and when trading live. We take profit without a clear exit signal. Be cautious not to take profit just because the market has gone your way. Wait for your pre-determined exit signals, or wait for your objective to be hit. We trail our stop-loss too tightly. Currency moves can require wide stops, so give the trade room to breathe. It’s no fun being whipsawed out of a trend because of your fear that it might end. Wait for the trade to be well in your favour before trailing your stop. Moving the stop to breakeven. A breakeven stop can be a good thing. However, if you find you are getting stopped out of winning trades because you have quickly moved your stop to breakeven, then perhaps it is not serving the best purpose. I’m sure there are several other ways this bias appears in our trading, so remain self-aware. Journal your interference Perhaps you are a guru with the skill to know exactly when to get out of your positions. How to tell? Make sure you mark in your journal any discretionary exit decisions you make. That way, you can track how well they compare to a “rules-based” approach. Alternatively, you can allow yourself a small percentage of the position to add and remove at will. By increasing our options this way, we feel good about being right, while still letting our profits run on the majority of the trade. Good Luck!
COMEX:HG1!Education
by Sam_Eder