USOIL, waiting to see if there will be a new rally in the short term (scenario 1) or if the price will drop again to the lower demand (scenario 2). The monthly chart shows the tendency to follow the bullish behavior. Let see. The chart shows the potential trading plans. What do you think? Thank you girolamoaloe.com
GBPAUD, on monthly, weekly and daily the trend is bullish on demands. Following the trading plan, have an order ready to be executed when the price retraces back on demands is a good idea in this scenario. What do you think? Thank you girolamoaloe.com
This time, I am not showing you a trading plan. But I want instead ask a question to all of you that are following my profile. By Arrows I marked on charts some supply levels for potential sell trades. - Where would you risk SELL TRADES in this Trading Scenario and with which Risk Margin? Thank You girolamoaloe.com
IF YOU GUYS HAVE BEEN FOLLOWING MY POSTS, YOU WILL HAVE NOTICED THAT PRICE IS REACHING A MAJOR SUPPORT LEVEL ON THE DAILY. THE PSYCHOLOGICAL LEVEL OF 1.0800 HELD A STRONG SUPPORT 3 TIMES IN THE PAST (ONCE IN JUNE, ONCE IN JULY, ONCE IN AUGUST) ON THIS CHART. i HAVE INCLUDED MINOR AREAS WHERE I WOULD BE LOOKING FOR LONG/SHORT ENTRY'S, BUT I WILL ULTIMATELY BE...
According with my old Trading Plan for GBPUSD, I have marked some potential entry points for sell trades. Or course it is not a good idea use all of them. Considering the general bearish trend visible in the weekly chart and also the supply levels on weekly and chart I can considering to risk a small trade to the lower entry point. But for a better opportunity I...
I am uncertain to buy at 1.0745. I see that the reward is not so good, considering that the risk to see the demand taken out is enough high. I marked some potential buy entry points, according with the Trading Plan. The lowest ones carry less risk. What do you think? girolamoaloe.com
I waited patiently to see Gold take out the supply. Now the price is inside the supply level and I expect that the market could continue to rise. According with my Trading Plan, my focus in on the higher supply level for a good sell trade. I marked on chart some potential entry points for sell trades. What do you think about this currency? Thank you Girolamo Aloe
I didn't trade EURUSD in the last weeks/months, because it is trapped and choppy and I am not interested to make trading for 10-50 pips of profit, risking to lose money. But, If the price action finally will take out the used supply level making rise the price, I will sell in the higher and fresh supply level. I marked some potential entry points for sell...
GBPAUD moved down taking out a weak demand level on the daily chart. Now it is approaching to the distal line of the fresh demand. I am buying there. I earned a lot of money trading this currency, I would continue in this direction taking advantage from the bearish scenario. What I really take in consideration in this scenario is that the unbalancing from this...
I am waiting to sell NZDUSD high in the supply. My Trading Plan shows 2 interesting trading opportunities following the swings. Considering also the weakness of the supply level, the next swing could take out the supply and rise up more. I marked for now just 1 potential entry point, that could be relevant for my trading. I wait patiently. What do you think...
The price action moved the GBPAUD inside the demand area so the buy orders made it spike up. It is ok, nothing wrong with it. I am still selling since 2.1998. If the price will have a new swing I think to sell more in the new fresh supply level. In the chart are visible some potential entry points for sell trades. My target is still 2.12, but watching the weekly...
The buy opportunity in this scenario is risky, because the demand was already tested and it seems uncertain. In the demand I marked 2 potential entries, but the highest one has been already tested. so in this retracing back I don't take it in consideration anymore, but I expect to buy in the dip on the lowest entry point, if it will be possible. The Trading Plan...
Here we saw the market in a down trend making lower highs which was violated when price broke out of the trend line and a higher high was formed. Price pulled back to the trend line which now seems to of turned into support and we also see there is a demand zone at the same point. - Demand zone - resistance turned support - engulfing candle - new up trend...
Hi Traders, DAX today reached its channel resistance and also resistance line around 11,620. I expect for him to find resistance in this zone, however, It wouldnt surprise me see him making another high tomorrow to touch that 0.618% fib at 11,731 and fall, HOWEVER, we need to close the daily bellow channel line to show that sellers put some short orders. Stop...
US debt to foreign investors has doubled in volume since the start of 2009 (which was the height of the financial crisis). This indicates that despite the fact that the crisis occurred and was initiated in the US, the demand for their debt not only did not vanish - it actually spiked. In mu humble opinion, it is a very strong indicator of the actual strength of...
Drawing Supply and Demand zones we can see a clear small bear trend for the intraday. If you are looking to short, it would be ideal to wait for a retest of the last supply zone. Entering around 1.55945 with a SL near 1.561 within 10 and 20 pips of your entry. Targeting to take profit near support at 1.555
The Aussie has been falling for a long while. The sharp drop at 0.7690 tells us that there could be a move lower from this area. A possible target for this trend trade is 0.7640. EP: ~0.76900 SL: ~0.77000 TP: ~0.76400 R/R: 5:1 Higher up from this area is a H4 supply area where prices fell sharply. Prices rallied back up but failed to reach the zone before falling...
With Cable (GBPUSD) in an uptrend, it is good to join in the established trend in a price area that is low risk. Price should head up and out to ~1.5900. The first target will be 1.5820 for a reward of about 3.5xRisk. The strong move away from the zone shows the trend could find new strength when prices pull back. However, a trend reversal seems close...