In my previous video I mentioned I was waiting for a strong bullish candle on the 15 min timeframe. I was alerted about that candle, and my short is closed. == Previous Video == Now, on the 15, 30 and 1 hour timeframe we are getting clues of bottoming action so I am interested in getting in on a long trade here. I'm also adding room to add an extra long...
Today I'm sharing with you guys a special indicator that I use which is not available to the general public but if you want access to it, just send me a DM. Let me know if you like this indicator that I'm using. Feel free to leave comments below.
First attempt at shorting gold got stopped out but that doesn't mean I give up. Second attempt means I double up my volume. That's it - That's all Trade Safe
Waiting for a pullback from the 1.08 to consider going long. EURUSD spiked today following weaker than expected ADP from the US. What I plotted on the chart is kinda of what I'm expecting to see with EURUSD in the next week or so. With that said, I'll only be looking for long setups until we reach my final target. That's it - That's all Trade Safe
Just a simple short scalp trade here with a 1:2 Risk to Reward
Taking a look at the daily timeframe, this pair seems to be losing bullish momentum. Oscillators are also confirming. With that said, I plotted out a 1:2 Risk to Reward Setup with Stop Loss above the most recent high back in last May. That's it - That's all Trade Safe
This trade plan consists of 2 possible entries First entry begins now on the long side at 61,897 SL: 60,768 TP: 64,407 This is a 1:3 Risk to Reward Setup Now if we end up getting stopped out, I'll look to enter again on the long side at the 60,000 support handle with a stop loss below the lowest point onscreen and the target remaining at 64,407. Something to...
There's been a confirmed bullish breakout from the descending channel of resistance. This breakout could spark renewed enthusiasm to push higher towards the 50% fibonacci level that I plotted out on the chart. The reason I'm targetting the 50% level is because it will likely coincide with the 100 SMA once we reach that level causing a confluence of resistance....
Reasons I'm bullish include: * Strong rejection candle on the weekly timeframe * Bullish breakout from descending channel on daily timeframe Will we see some follow through momentum?
Follow up video from yesterday's Loonie forecast. See previous below
I'm expecting to see some strength with the Canadian dollar following the jobs data on the economic docket. Reason being is because I believe the Loonie is oversold and a little surprise to the upside may trigger some bullish momentum. Trade Safe
All timeframes show gold is holding above the 200 SMA which is a strong bullish indication. Furthermore, correlating assets such as BTC, US30 and DXY also confirm that gold is likely to continue higher. My bullish target is around the 2400 level. At that point, we need to wait and see what happens with our fundamentals. Trade Safe
Taking a look at the daily timeframe, price action continues to trend lower in the bearish channel. In the event we get another daily candle that closes below the last, I would expect to see further downward momentum towards 55,000, and then 52,000. Stochastics is overbought and RSI is holding below 50. These are 2 additional technical confirmations that this...
This is such as simple strategy that anyone should be able to perform. Just wait for the 8:am EST candle to close - whatever color it is will point the direction to trade. Use a profit target of 100 point and a stop loss of 100 points. If you get stopped out, the next day, double up. Avoid trading Wednesday's for best performance. That's it - That's all Trade Safe
Today I'm explaining a very simple strategy that I use for trading US30 during the NY session. Basically just wait for the 8:am EST candle to close Once the candle closes, if it's red, you would enter a sell position with a 100 point profit target with a stop loss at 100 points as well. If it's green, enter a long position with a 100 point profit target and 100...
Following the U-shape reversal on the 15 minute timeframe we had pullback to the 38.2% Fib level followed by a bounce to the upside. This indicates further upside is likely and I would suspect another leg up as the same size as the U-Shape reversal impulse. That's it - That's all Trade Safe.
This is video number 3 of 3. Watch the last two in the links below to gain insights on how I trade economic reports such as the Australian CPI That's it - That's all Trade Safe
In this video I explain how to wait for the bullish momentum to stall out to then consider some short selling scalp trades targeting on 10-20 pips. That's it - That's all Trade Safe