In the past I've often left trades and forgotten I had them open. It's ALWAYS ALWAYS ALWAYS IMPORTANT to place a Stop Loss and Take profit, for every trade you place, especially if you Day/intraday/Swing & Position trade. I don't often scalp and if I do I'm usually in and out very quickly in around 10-15 minutes. Now lets say you place a trade, entry after...
If the exchange happens to re-test or retrace and make a Higher Low, I'd be looking to go long. I understand price is currently under the EMA, but looking at the weekly & daily for confluence, price has tested a major level of support. So I'd assume based on previous exhaustions of price, this is a potential reversal point for GBPJPY.
yo, respect to the guy who didn't know what hypothetical meant and entered this trade and bagged some pips, that's hella jokes, I didn't even enter this trade because I was just dishing out a free TIP. This is a WARNING, please for the love of god, do not enter a trade if I say it's "hypothetical". It was just an example of how the tip that I shared can be used.
I'm looking for that break through, to go short.
If Gold is set to set to increase, I'd assume it will be now due to testing the horizontal support as well as the triangle support. Furthermore USDCHF can be seen moving BEARISH:
NETFLIX continues to make new lows, this may suggest a continuation to trend support before turning around. If you can trade forex, why not try out stocks, it's a bit of fun especially Netflix is an "AMERICAN COMPANY" ;) The core business of Netflix is favorable, but the current price is gravely overvalued. Although the level of debt is mild, last year´s...
I believe Gold is still set to rise to the 1560 USD mark, as the Weekly timeframe shows numerous tests of price on this major level during the 2011-2013 period.
-Break of trend support. -No further high being made.
-Break and retest on 1H; -Rising Wedge on 4H.
As price shows no signs of making a new high, it would suggest price will potentially break trend support. As well as that, RSI is moving in contrast.
Long bullish pin bar signals bullish momentum, followed by a pullback.
In the coming future, I believe there will be a huge recession WORLDWIDE. Probably the worst one & Gold will be one of the best if not the best assets to invest in & trade. Practically every nation is in debt; look it up. The government has debt, people have debt, but this debt keeps on being covered up. For example, debts like student loans, personal debts,...
Price tests the support zone and looks like it's going to form a pin bar. If price does remain above support, it would confirm my prediction that price will form a H&S pattern. On the 1H chart, we can see the H&S more clearly the previous test showed a bullish engulfing candle and on the current test of support we see another candlestick pattern on the...
Looking to go long after 4h candle close above major support level.
So we have a simple: -break of upward channel -Market exhaustion -Momentum change -Bearish Divergence Let's see what happens..
This entire time I've been trading, I've done my own analysis, I've bagged bare £'s, but if you go to my previous analysis's, bmt I'm talking like some next articulated professional don. I trade from my bedroom not for some bank, my analysis is simple and should be easy to read and understand. It's kinda mad now because I have the mindset of a trader, I tend to...