Today I've decided to try a different strategy: a straddle trade.
I've created 2 limit orders from the highs and lows of the 24 hour period. For each order, I set the stop loss for 20 pips, and the TP for the next pivot point line (S1 and R1). The idea is that, no matter the results from the reports from the US treasury, we can capitalize from the trade...
After the US interest rate decreased to 5%, instead of the expected 5.25%, the US market went into high volatility, which I decided to wait out of making any trades.
Since things have settled down, I have decided to open a long position on $PEPPERSTONE:GBPUSD. Following the market trend found on both intraday and daily charts, I believe that the trend will...
Drawing a fib retracement, and using Momentum and volume indicators, I believe the market is going to start ranging, and not much more for now. Definitely holding on and seeing what will happen.
I managed to predict a short squeeze, went short at 1.07279 and bought back at 1.07017. Neat bit of profit for the demo account, but now I wish I held on and see how low it would go!
Currently feeling mixed about the market. I feel it could go lower but at the moment it seems to be stabilising. I'm holding for now.
Possible short position here. I've identified a few resistance lines for some targets and confirmed the trend reversual using the Ichimoku cloud. Interested for everyone's thoughts!
I feel quite bullish on this Natural Gas. As well as support lines I made with a trade earlier today, I also see a triangle squeeze resulting in an even bigger short. I've decided to open another trade so I guess I'll find out soon.
