Tradingthechannel

Tradingthechannel

The CAD is strengthening against the AUD an we are looking to go short after the bullish trend was broken. We will enter at 0.9214 with our first profit target at 0.9169. Our trailing stop is far away at 90 points. We will continue to stay short after our profit target was hit.

Tradingthechannel

The Swiss Franc is slow starting to break out of the upward trend is the pair is looking more bearish by the day. We've had two (Close below HOLP, close outside of the bullish trend) of the three confirmations needed to confirm the downward trend. The last confirmation that we need is the price to trade at the 0.9847 level before we enter. Our first profit target...

Tradingthechannel Updated 

We are close to being triggered on our long order for the AUDUSD @ 0.7098. Our trailing stop is 75 pips but we can be stopped earlier depending on the trend lines as we progress with this trade. First profit at 0.7136 will give us an opportunity to take some profit off the table.

Tradingthechannel Updated 

There is a current risk on sentiment in the market and the USD/CAD looks ready to head lower. We will enter at 1.2927 with our first profit sitting at 1.2873 where we will book some profit. The trailing stop is 108 pips but we will close before then if we need to.

Tradingthechannel Updated 

The EUR seems to be losing a bit of steam against the CAD and has given us a short order at 1.4847. Our first profit area will be at 1.4787 where we may take some profit. We have a trailing stop in place at 120 points but that is only in place for if there is a unexpected market event. We will have updated stop orders as the trade progress. After profit 1 we will...

Tradingthechannel Updated 

We have a new long order on the AUD/JPY 4HR chart. The AUD has been gaining across the board the last few days and we are looking to go long on this pair. Entry will be at 80.56 with trailing stop of 102 points. When we hit 81.07 we will close part of our trade. The trailing stop is just for worst case scenario, we may close before then depending on how the trade...

Tradingthechannel Updated 

The market is signaling a potential short entry on the AUD/JPY 4HR chart. The upward trend channel was broken and although confirmation is almost complete that the upward trend is over, we still need the price to trade down at 81.14 first. If we do get to that level we will enter short and have a profit target at 80.63 where we will close part of our trade. Our...

Tradingthechannel Updated 

Hi My original post was removed since I broke the house rules, please find the original post below: We have a new short order on the USD/CAD -0.18% . Our entry is sitting at 1.3084 with our first profit target at 1.3030. We are very close to the release of the US Job report so trade with care! Trailing stop is 120 points. We will only close part of the trade at...

Tradingthechannel Updated 

We have a new short order on the GBP/USD @ 1.3020 with our first profit target sitting at 1.2957. The 1.30 area will definitely provide some support so keep an eye out at this level. Momentum is down at the bearish at the moment so we are looking to capitalize on that. Our stop level will be adjusted according to the market movements while we are in the...

Tradingthechannel Updated 

The GBP is very strong at the moment and has given us a new long trade @ 1.2759 after it has broken out of the downward channel with our first profit target @ 1.2888. trailing stop is 258 points. We adjust our stop loss target as the trade develop and will only close part of our trade at the P1

Tradingthechannel Updated 

It finally looks like, dare I say it, Bitcoin wants to break higher! We still need the last of the 3 requirements to be met before we can confirm that the bearish trend is over, but we will get that if the price trades at our entry level at 6618 before we have a new low. So if we enter long, our first profit target will be at 6778 and our trailing stop is...

Tradingthechannel Updated 

We have entered short on the GBP/AUD after we have we had a close outside of our trend channel and the low of high period. We entered short at 1.8156 with our first profit target is at 1.8044, the trailing stop is 225 points away. Our stop gets adjusted as the market moves and we may close sooner if the trend changes.

Tradingthechannel Updated 

Hi Please find a trade update on our 4HR long. Here is the original post: We have a new long trade on the CADJPY 0.00% 4HR since all 3 the requirements for the confirmation of the trend change has been met. Entry: 84.82 Profit 1: 85.39 Trailing: 114 We will only close half a position at our first profit target and then adjust the stop. Sep 12 Comment:...

Tradingthechannel Updated 

Hi The original post is hidden because I advertised our website. Please find the trade update below. Original post: We've seen an stronger GBP after EU negotiator Barnier said a Brexit deal could happen in the next 6-8 weeks. This is good news for the GBP. Our first two requirements for a long entry has been triggered and the final one is for the price to trade...

Tradingthechannel

We have a new long trade on the AUD/USD witha small 45 pip profit target where we will close half our trade and continue with the rest as the bullish trend develop. Entry is at 0.7272. Our trailing stop is 90 points, but we will change and update it as the trade progress.

Tradingthechannel Updated 

Bitcoin is struggling to go higher and as long as we do not make a new high above $8500, we have a short order at $7650. The price has broken the upward channel and after some range trading it looks like the market is ready to break lower. We will stick with the trend if we enter and will only exit if our trailing stop is triggered or if the trend change according...

Tradingthechannel Updated 

We have a new long order on the USD/JPY 4H chart. After the news from the BOJ this morning the market has broken the range and is now starting to from a upward trend. We will adjust our trend lines as we go along. Profit target and exist all depends on how the trade plays out, we will close half our trade at P1 target, but may need to exit sooner depending on the...

Tradingthechannel Updated 

The market has broken the downward channel but that does not mean we will see a change in the trend. For now, while we wait we can set our Long order at 146.45. If it is triggered it will confirm that we have to adjust to an upward channel. If a new swing low is made before entry we cancel the long order