Technician

Technician

Update: Cancelled(Hit target but missed entry ) =========================================================================== Trade 20: Long USDCHF @0.9530 Trade Status: Pending S.L 0.9465 T1 0.9630 T2 0.9835 Balance= $28 000 Position size = 1 lot ~ 2.5% risk of capital =========================================================================== Reasoning ...

Technician

The current technical configuration suggest a high chance of more gains for the USD against the CHF.. The price has established a series of higher highs and higher lows which is the corner-stone for an uptrend. The latest rally has managed to take the 200-days long term moving average and horizontal resistance at 0.9542 swing high. That was followed by a...

Technician

A Major Reversal Head and Shoulders pattern completed on Intel. The price has taken the neckline for the pattern at 29.00-29.50 level. The Measured move or Ideal text book target is the distance from the head to the neckline, projected from the breakout below the neckline. And that points to another 29% decline. However, I see an appropriate first target at...

Technician

Watching this key support just above 1.1000 handle. A neckline for a potential double top pattern. Looking for confirmation to long near that support. If it fails, and price breaks lower i would look for a short. So we can trade this on both sides. Lets see if we get the confirmation soon. Will be updating if a trade setup present itself.. My best regards...

Technician

Update 2: Closed all position at 0.8618. Profit= $50. New Balance= $29 155 Update: I added another 0.2 lot at 0.8655 =========================================================================== Trade 19: Short NZDCAD @0.8620 Trade Status: Active S.L @ 0.8720 T1 0.8445 T2 0.8357 Balance= $28 000 Position size = 1 lot ~ 2.5% risk of capital...

Technician

Australia main index looks ready for further gains. Technically, A double bottom formation at the long term rising trend which was completed on breakout above the neckline at 5610. Bullish divergence on Momentum Breakout back above the two mean averages (50 and 200) Major bullish pin bar on the weekly chart Generally this is a guideline for the setup,...

Technician

After the recent boost which i believe was another dead cat bounce , boosted by Greece risks. Greece finance minister once said that if to exit the euro adopting bitcoin as a medium of exchange is possible.However, Yanis Varoufakis is no longer the finance minister for Greece, and Greece will eventually get back to track with the euro-group. We have seen the...

Technician

Update: Closed all position at 1.5560. Profit = 0.8 lot x -40 = -$320 0.2 lot x +10= $20 Total= -$300 New Balance ~ $28 000 =========================================================================== Trade 17: Long GBPUSD @1.5600 Trade Status: Active S.L @ 1.5515 T1 1.5730 T2 1.5900 Balance= $28 297 Position size = 0.8 lot ~ 2.5% risk of capital...

Technician

Update: Stopped out Balance = 28 927 - 630 = $28 297 =========================================================================== Trade 17: Pending Short GBPUSD @1.5530 Trade Status: Pending S.L @ 1.5635 T1 1.5410 T2 1.5210 Balance = $28 927 Position size = 0.6 lot ~ 2% risk of capital ===========================================================================...

Technician

Trade 16: Bought EURGBP @0.7170 Trade Status: Active S.L @ 0.7133 T1 0.7220 T2 0.7264 Balance = $29 617 Position size = 1.2 lot ~ 2-3% risk of capital =========================================================================== Reasoning New short term structure of higher highs and lows Resistance and trend line breakout Strong...

Technician

Apple is testing key support area at the 200-days SMA and previous swing high. RSI dipped in oversold area. A good potential buying area unless price fails and settles back below the 200 days average.

Technician

I much appreciate the support i have seen from a lot of people. Positive feedback and constructive comments on the trades I publish. This attitude makes this website a valuable destination, where people can get at least one good advise and could learn from other traders way of thinking and even mistakes. Being able to see traders publish their forecasts and...

Technician

Update 2: Stopped out Profit= - $800 Balance= $29 617 Update: I added 0.2 lot to position at at 1168.00. Full position = 0.8 lot. For just below 3% risk of balance. =========================================================================== Trade 15: Bought XAUUSD @1171.00 Trade Status: Active S.L @ 1160.00 T1 1187.00 T2 1200.00 For $30 417 Balance,...

Technician

What is an Uptrend: Uptrend: A series of higher highs and higher lows. Each highs surpasses the previous high and each low is either above or equal to the previous low. If you are able to spot this structure on any chart, then you can clearly say the trend is up. The opposite is true for a downtrend. How the trend is reversed? A break of the structure of...

Technician

This is a clear illustration for how support and resistance change roles when a breakout occurs. This is not a rule that most happen, but it usually does. Starting point at the latest higher low of the previous bullish trend.(It was a typo on chart, its higher low not higher high) When a breakout below support materializes, the level usually reverses its role to...

Technician

Update: Stopped out Profit= -$600 . Balance= 31 017 - 600 = $30 417 =========================================================================== Trade 14: SHORTED AUDUSD @0.7680 Trade Status: Active S.L @ 0.7730 T1 0.7600 T2 0.7535 For $30 592 Balance, Position size = 1.2 lot ~ 2% risk of capital ...

Technician

Update 2: Remaining of position was stopped out at break-even All position is closed Profit= $425 New Balance= $30 592 + $425 = $31 017 Update: Closed half position at first target, moved stop loss to breakeven for the remaining position. =========================================================================== Trade 13: SHORTED AUDJPY @94.55 Trade Status:...

Technician

Talking about Greece and what happened during the weekend, which is a major risk event that could put global markets and the euro under significant pressure. I prefer to avoid trading the euro, we will probably see higher margin requirements from brokers and bad execution. I am looking for some other pairs that may provide a good trade-able opportunities with a...