USDDKK trade ideas
USDDKK ForexAlright you guys, were back. Going to be shorting this trade, we can see the double top and now is the site of entry. Get in quick!
USDDKK 08 MAY 2020 1433 hrs (4 hr TGT practice)Wide range.
Looking for volume information off of support or resistance.Fishing from the edges of the lake, not the center.
Look for springs below support
look for upthrusts above resistance
Dont knwo what a spring or upthrust is?
Refer to Richard Wyckoff and Tom Williams.
* Target practice*
USD DKK Bearish SetupUSDDKK, Bearish setup -expected to be bumpy downwards so monitoring will be required. If price rises to break above the dsl line then the setup will be invalid.
USDDKK ForexThis is a formation of a double bottom I believe, still not too sure. What is frustrating about this trade is that I placed and entry order to long this trade at 6.80240 and for some reason it has been triggered.... And now it is saying I am down 170 pips? Not sure why, it even says on oanda that the USDDKK is at 6.78504. Its very frustrating to see and I am not sure what to do. Please let me know in the comments if I did something wrong.
Other than that I believe this was a formation of a double bottom and could possibly trend upwards.
USD DKK ForexI think we are seeing a formation of an ascending triangle. This could be a break out or easily fall in the other direction. gonna keep watch on this trade and try to sit on it for a while.
USD DKK ForexHmmmm, it did form an ascending wedge, my guess is that this should crash down, not sure when. We can easily see that it did break its support causing it to become the new resistance. My guess is that it will try to make a final push towards its new resistance and than shoot right back down. Maybe now would be a good time to try to long this trade and transition into shorting it for a solid day. We will see at the end of the day it is all probability right?
~JS
USDDKK triangleThis is what I think about the technical imagine.
I am not responsible for poorly executed trading.
Thank you for looking!
USDDKK Short set upUSDDKK is at a strong resistance level and im expecting a fall to a nearby support zone...…..it is in an uptrend so our tp 1 will be @ 6.85785
Tp 2 and 3 are open
usd/dkk short opportunity we have a bearish structure, with weakening momentum and strong resistance zone. short.
USDDKKMan I gotta stay focused and not guess which trades will do well. I would definitely wait this trade out no guarantee if it should be longed or shorted. we will soon in the next couple of hours.
USDDKK FOREXIve been really iffy on this trade, but hopefully I can long it over night and make some decent profit from it. By the way happy easter everyone!
Forex: USDDKKHey you guys, I pushed through on this trade last night and was pretty happy with the results. I’m gonna take the weekend off since it is Easter weekend for me and my orthodox brethren. But I’m happy with how my trades went this week. I used 50x leverage all week at one point I was up 55% in profit with my own funds and dropped down to 5% profit lmao. Can’t complain but just gotta learn from my mistakes.
I bought at where the green arrow was and took profit instantly. Even though it did rise further I did not want to make the same mistakes as I did in the past. Don’t let greed get in the way of your success you guys. Good luck and happy Easter!
USDDKKyou guys hate me huh... I am being so indecisive, I think this will be the last straw to see if we should short or long this trade.
#IMSWEATY
Forex USDDKKAfter analyzing the entire span of this chart based off of the four hour, and full day timeline. I actually decided to change my plans. luckily only lost 0.01% of profit so not too big of a deal but I think this can be a solid break out. Over the time line of this currency it seemed to not fall under its support at all and hopefully will be a great day or two investment. Hopefully...
~JS
USDDKK ForexBased off my four hour trend lines, I think this will fall a bit today, we will see. Have my investment in on this one hopefully can gain some profit off of this trade.
GL
~JS
USD DKK ForexInterested to see what will occur here, maybe it will follow the same path as the EURCAD. Gonna be patient, not rush the trade and wait to see what will occur. Do you guys think it is a good idea to compare charts to each other? If so let me know, if not explain to me why.
GL
USDDKK Short Trade - Entry 6.79149Stop Loss = 6.85358 / Take Profit = 6.60529 > Coupled with a 1% risk and 3% reward.
Once the trade reaches a 1:1 point move SL in front of the entry to protect the downside.
If it takes you out we can always re enter at another opportunity.
As the trade progresses i will comment every change to show you how i make to maximize profits.
Remember Risk/Reward is the key, we will take losses along the way but overall profit in the long run.
If you enjoy follow and like my ideas and if you have questions message me.
Keep Chasing that Paper!!!
