Technician

Technician

Major volatility ahead, BIG developments during the weekend, as Euro Group meeting failed to find a solution for Greece today and Greece’s prime minister Called to conduct a Referendum on Bailout Demands on July 5th.

Technician

Update 2: Closed All position at 0.7585 ahead of weekend. Profit= 0 Current Balance = $30 591.5 Update: Trade is active =========================================================================== Trade 12: Pending Short CADCHF @0.7590 S.L @ 0.7630 T1 0.7525 T2 0.7465 For $29,211 Balance, Position size = 1.5 lot ~ 2% risk of capital...

Technician

Update 3: Closed second half at 0.8420 as we are approaching weekend as Carney will talk on Sunday Profit= $431+949.5= $1380.5 Balance= 29 211 + 1380.5 = $30 591.5 Update 2: First Target Hit, closed first half and Moved stop loss to break-even for the rest of the position. Update: The Trade is...

Technician

Update: Stopped Out. Profit= -293.74-293.74= -$587.48 Balance= 29 798.94- 587.48 = $ 29 211.46 =========================================================================== Trade 10: Pending Short GBPCHF @1.4683 S.L @ 1.4775 T1 1.4552 T2 1.4468 For $29,798.94 Balance, Position size = 0.6 lot ...

Technician

Update: Target Reached without entry Trade Cancelled. =========================================================================== Trade 9: Pending Long CADCHF @0.7465 S.L @ 0.7420 T1 0.7520 T2 0.7585 For $29,798.94 Balance, Position size = 1.1 lot =========================================================================== Reasoning Retesting daily...

Technician

Update: Didn't trigger entry and reached targets. Cancelled Trade. =========================================================================== Trade 7: Pending Short Gold @ 1205.00 S.L @ 1215.00 T1 1193.00 T2 1182.00 For $29,798.94 Balance, Position size = 0.7 7x 100=$700~ 2.4% of Balance...

Technician

Gold in an interest area, testing main near term resistance zone at the 200-days SMA and 1205.00 horizontal resistance. which is also point D for an ABCD Wave pattern. Downside is favored for the short term and retest of the 50-days SMA and 1193.00 support is likely as a first target. I missed shorting the near 1203.00 but i will look for a new opportunity next...

Technician

Update: Target Reached without entry Trade Cancelled. =========================================================================== Trade 7: Pending Long IBEX35 @ 10,800 S.L @ 10590 T1 11,160 T2 11,585 For $29,798.94 Balance, Position size = 0.4 lot (0.2+0.2) . Risk= 4(position size) x0.8(point value per 0.1 lot)x210(stop loss)=$672 ~ 2.2% of Balance. ...

Technician

Update: Reached target without triggering entry. Cancelled Trade. =========================================================================== Trade 6: Pending Short XAGUSD @ 16.30 S.L @ 16.60 T1 15.92 T2 15.60 For $29,798.94 Balance, and 2% risk per trade ~ $600, Position size = 0.4 lot (0.2+0.2) . Note: The value for each tick in silver equals $5....

Technician

Note: This is not a trade in my journey to 100 Oil may have topped for now in my view, the price is consolidating below the 200 days SMA losing the upside momentum. Meantime, Other correlated commoidites are breaking down such as Copper. In short i am looking for a break down. Good luck Subscribe to my trading portal thefxchannel.com , My best regards Technician

Technician

Trade Summary : Short 2x0.7 lots: at 2.0160. Sopped out at 2.0212 -281.88-281.88= - $563.76 Balance: 30,362.7 - 563.76 = $29,798.94 ===================================================================== Update 2: Stopped Out Update 1: Pending short limit was triggered. Trade is active. ===================================================================== Trade...

Technician

Trade summary: Buy 0.3 at 1.4440, closed at 1.4540. = $320.07 Buy 0.3 at 1.4420, closed at 1.4540 = $384.08 Buy 0.4 at 1.4440, closed at 1.4492 = $223.65 Rollover= 8.4+8.4+14.94 Total Profit= $959.54 Balance= 29,403.16 + 959.54 = 30,362.70 ======================================================================================= Update 6: Closed rest of position at...

Technician

The pair is in an interesting position, recently formed a hammer at support and neckline of the double top formation at 7.7100 and the 50-days SMA, The price could have done this retest before heading higher towards an initial target at the two latest tops around 7.9850.... Holding above 7.7100 is the main requirement for this scenario, as a breakout and daily...

Technician

Update : Target reached without triggering entry.. Trade Cancelled. ================================================================== Trade 3: Pending Long AUDJPY @ 94.65 S.L @ 93.95 T1 95.60 T2 96.75 For 29,400 Balance, and 2% risk per trade=$588, Position size = 1 lot ( 0.5+0.5) ================================================================== ...

Technician

For some of my trades i will be publishing a review, trying to re-asses what happened and what could be done better. In this trade, as you can see the trade was generally a good one, despite the fact that i was stopped out at break-even. Original Trade () So two main Takeaways from this trade is: 1- First target should be (5-10 pips)above the support zone i...

Technician

Update: Stopped out Profit = - $600. Balance= 30,000-600 = 29,400. ================================================================== Trade 2: Pending Short XAUUSD @ 1180.00 S.L @ 1186.00 T1 1171.00 T2 1163.00 For 30,000 Capital, and 2% risk per trade=$600, Position size = 1 lot ( 0.5+0.5) ==================================================================...

Technician

Update 3: Stopped out at break-even Profit= 0. Balance= $30,000 --------------------------------------------------------------------------- Update 2: Price reached more then 90% of first target, so i moved stop loss to break-even. --------------------------------------------------------------------------- Update 1: Entry was triggered .. Trade is...

Technician

Guidelines : The journey is a long one, will take several months to complete, and will have losing and winning trades. Please keep showing your interest and support by clicking on the “Thumbs-Up” button for every trade. After following me on tradingview, you will see notifications for my activities on the right hand side bar(Bell icon). Trades that belong to...