Good morning all, it's Friday and the last NFP of the year for December. So today is a double update for both of our running trades, as they will both be affected by the outcome of today's news release. 1) Chart on left is GBPUSD. Currently 1463 pips in profit over 1:5 R:R. 2) Chart on right is Gold. Currently 1700 pips in profit over 1:6 R:R. Both pairs have...
Good morning all, just going over the charts at the weekend checking up on our trades. Today's update is GBPUSD, price is moving in our desired direction in a nice uniformed manor. Textbook trend formation continuing. Higher high's and higher low's has give us a current profit of 1321 pips for a R:R of over 1:4. By now you must of secured profits either closed...
Having another update today on our Gold trade. Since last week we have seen not much movement in terms of profit. We were 1200 pips in profit last week and we are at the same this week. Although we have peaked at 1580 pips and almost hit our TP1 zone. I still think we could possibly have more to come on this current bullish run, and looks to be making a higher low...
Good morning all, hope everyone is having a good weekend. Was just looking over the charts so thought I would update on the GU buy position we took. If you follow my YT channel you will of been updated earlier in the week. But we have since had some nice movement in our favor. AS you can see we are deep into profits on this trade. Currently sitting at 1067 pips in...
Good morning all ,exactly a week ago today I posted the buy on Gold. This time price went in our desired direction. The previous buy we did was premature and we got stopped out. But thankfully we have returned that trade back and more, with this buy from the demand zone. Currently we are 1200 pips in profit for well over 1:5 R:R return. DXY looks like it could be...
Good morning all, another little update today on the Bitcoin long, along with the comparison of ETH. As we can see ETH is leading the way trading nicely above the 100 moving average. BTC did peak above a few days ago but currently still trading underneath. But it is still giving us bullish structure, even though small. Will it last and continue? Only time will...
Good morning all, big news events have happened this week, and we have got NFP later today. But seeing where GOLD has held here at this big demand zone I would like to try a swing trade here. In readiness for the usual bull run in December towards the Xmas holidays. Ideally we should use a smaller position size here for two factors its a swing trade and also the...
Good morning all, hope you all had a good weekend. Before this week kicks off I was just observing the crypto charts and also doing a little reading. Much to my delight reading that ETH has been leading the way against BTC for the last 4 years. Here is a snippet from the article : Ethereum outperforms Bitcoin 2X in Compound Annual Growth Rate over past 4 years....
Good morning all, hope you all had a good weekend. Before this week kicks off I was just observing the crypto charts and also doing a little reading. Much to my delight reading that ETH has been leading the way against BTC for the last 4 years. Here is a snippet from the article : Ethereum outperforms Bitcoin 2X in Compound Annual Growth Rate over past 4 years....
Good morning all, today is a little update on the GBPUSD buy trade taken a couple of weeks back. If you follow my YT channel you will be aware of most updates. But with DXY dropping back recently we have seen some movement on our positions. As we can see we have broken out of the downtrend, BUT, the next few days will be vital to the further success of the trade....
Good morning all, hope you are all having a good weekend. Just having another check in on XRP today. Is this coin setting the new path way? It seems ETH and XRP are making better moves towards being fully bullish than BTC. XRP made a nice breakout of the resistance zone of .38c in September. We have since seen a double top and drop back in price and what seems to...
Good morning all, hope you had a good trading week. Seeing as It's the weekend it is a good time to check in on some crypto. Today XRP is the flavor, and as we can see price is moving very well. I am really starting to see a few coins moving totally different to Bitcoin now, that being XRP and ETH. Both have a more bullish structure then BTC currently. Price is...
Good morning all. Today is another little check up on Bitcoin. I am still holding a long here at this demand zone. We can see the whole picture here in this chart. Do you believe in the power of 3? What I do know is that price is now trading above the 100 moving average, we are moving above the long standing downtrend line, so is the bottom in? With recent...
Good morning all, there hasn't been ,many great opportunities of late due to the crazy market conditions. But if you watched my last weekly video we got into a buy swing trade on GBPUSD. We got a drop back in price from the Dollar, also the GBP got bought by the central banks with the government bonds, I don't think they liked going close to parity. BUT will it...
Good morning all, we finally got some action on GBPJPY after it moving sideways for the whole of August. We have seen price break out to the upside, but will it be short lived? Price hit the supply zone we currently sit in and produced a doji candle yesterday. So we can watch price today and if we fail to break above this supply zone then we can try a sell trade...
Good morning all, checking in back on Bitcoin again today. Clearly the bear's have been in full control for a while now. We have had multiple flags in this down trend. But does it look like the bear's are running out of steam? I certainly think so, this area of 19-20K looks to be a very significant support level, the drop through the flag seems like it is running...
Good afternoon all, today's setup is a big swing trade! Been waiting for a possible decent trade setup on GU for a while now. Well it look's like we may finally get one soon. Price has continued to drop further and soon enough we may look to visit the demand zone created from back in March 2020. Since we last visited this price we had a reversal and as you can see...
Afternoon all, Is ETH the new KING of CRYPTO? Today I am following on from the post last week regarding our Bitcoin buy and also the pattern I noticed compared to ETH. As you can see from the charts the left hand side is Bitcoin which is currently dropping in value, the structure hasn't been broken yet but still lagging behind. Still holding longs in profit on...