A strategy is only as good as the trader using it. Patterns are not enough, neither is support or resistance. Candle patterns help, but will not do the trick alone. Unless you can understand the structures of the markets, alongside the behaviour, then really and truly you are just trading blind. In this short episode, I go through three trade ideas that were...
An update on a few trade ideas shared this week, and a potential GBPJPY sell opportunity with the uncertainty of the Brexit deals. Can we see GBP weaken for the rest of this week? We will soon find out.
What an absolutely beautiful call on this trade idea. Price action came into exactly where we mentioned, and for those who set sell limits, this is a traders dream. ZERO drawdown and a continuation to the downside. Now we just wait patiently with an investors mindset and see if the markets move in the direction we expect it to go. Trade management at this stage is...
Unfortunately, EURAUD did not wait for us, EUR continued to show its true strength. I would personally not continue to look for those buys any longer. What I am looking for is clean, crisp price action. If the markets don't play ball, then I don't want to know. I scanned my pairs and saw a beautiful potential sell opportunity on AUDUSD, and this is an idea I share...
A brief overview of EURAUD. We recently broke a major key level in the market, potentially indicating a newly formed trend to the upside. New HH and HL have been put in before the break, and with 3 hours worth of information indicating a bullish sentiment, a retest of the previous structure and evidence of wick rejections could really help validate this potential...