Bitcoin has had a Deep retracement to Fib 38.2 as shown on the chart. Note that if the current low does not hold, it may want to test Fib 23.6, another popular deep retracement support level. It has made a Bullish counter trend line break giving our STOP at the low below the counter trend line which is 6306, an ENTRY at the candle following a candle that is...
Keep your charts clean at all times. It helps you to see the simplicity and clarity that comes embedded in these trades when they turn up. The Dow is currently in a up trend. It has made retracement to Fib 50.0 as shown on the chart. For six hours, they have been pounding this level. This trade is still setting up and currently we only have got two values, out...
Trading should be easy and it should be fun. If you are not finding it to be this way, there is something you are doing wrong and you need to figure it out and fix it. We have got another set up that has completed on the USD-CHF cross. One way to make trading any of the G7 pairs easy is to know what the DXY index is doing. Once you know what this index is...
Here is another pair that is waiting for more buyers to get on board. The down trend on DXY is still firm which means we should be looking to BUY the EUR-USD. The chart shows this cross is finding support at the Fib 50.0 level. It has pounded this zone four times, giving us two Double Bottoms, an indication the main move to the upside may not be that far away....
Hello Traders.... here is another trade that is about to complete setting up. The SP500 is in a bullish trend. Do not attempt to sell this market unless you know what you are doing. Price is finding support the Fib 38.2 as shown on the chart. Note how for two times they have revisited this Fib level, giving you a Double Bottom. Our STOP has already been given @...
Very rarely do you open a chart and find an entry right away. Good trades have to set up so as to allow as many traders to get on board before the train leaves. This means WAITING is the name of the game in this game of trading the financial markets. You have to WAIT for a trade to come to you rather than you going around looking for a trade. Once you grasp...
Here is another lower risk, higher return trade that has completed on the USD-CAD cross. We know the DXY pair is in a down trend. This means we should only be looking to sell the USD-CAD as long as the DXY remains bearish. Never trade against the trend, unless you know what you are doing. Otherwise trade with the trend until you are professional enough a trader...
Hello Traders.... Always know your STOP, TARGET and ENTRY values before you jump into a trade. A good trade will always provide you with these values before you press the OK button. Ethereum has made a deep retracement to the traditional support level of Fib 23.6. There has been a bullish counter trend line break, giving us our values as STOP @ 205, TARGET @...
Hello Guys, We have a nice set up of over 2500 pips that is setting up on the GBP-JPY Daily chart. I am a Fibonacci trader who uses Renko Charts and Ichimoku Cloud. A look at the attached chart shows that the Daily has made Triple Tops at 146.97 as shown by the black line on my chart which draws these tops for me so that I don’t have to hunt for them. They are...