EUR_CAD IS TRADING IN A CHANNEL, FACES HORIZONTAL RESISTANCE. (1) The pair modestly bullish, after breakout from downward channel (2) Horizontal resistance seems to be well respected (3) Good chance it might sink to retest channel support. (4) IF breaks out higher-wait for confirmation. (next upward resistance is R2 of a channel)...
EUR_USD BROKE 2 OUT OF 3 KEY SUPPORT LINES, IF HORIZONTAL SUPPORT FAILS,UPTREND OVER| (1) Even if horizontal support stands now-the Euro is super weak (2) The next support is the blue line No4 (3) One might consider longs from support No3 and support No4. (4) IF line No5 is reached-great place for shorts...
EUR_GBP BROKE OUT OF RESISTANCE, PICKING UP FROM SUPPORT (1) Long with buy limit on the entry level (2) Takes, Stops on the chart (3) 0,7% deposit. ________________________ ________________________________ LIKE and SUBSCRIBE for VIBES!
3 day chart 1 day chart USD_JPY IS AT A STRONG LEVEL. BOUNCE UP IS PROBABLE. (1) RSI oversold+Divergence is a double bullish signal (2) 3D and 1D timeframes show it is a strong level (3) Wait for Downward resistance to be broken on 1H timeframe (4) Long. SL below the shadow. Takes on the chart. Setup valid ONLY if the resistance is broken! ...
Aren’t all signals fraud? How to choose a signal provider? What to expect? Aren’t they all fraud? Lets get this out of the way: yes, most of them are 90-95% of signals out there are just a massive scam. Our animal like desire for a MONEY BUTTON makes us an easy pray for scammers of every denomination. How to know the guy is a scam? Well, you can’t know...
SPY HAS BROKEN THE SUPPORT AND IS STUCK IN A RANGE (1) The direction of the breakout will decide if SPY "brakes it or make it" (2) If SPY starts falling it will signal the end of the marvelous rally, and will mark us entering the recession. (3) So far it looks bullish within the range. Daytrading the range is a great strategy. But if you...
PART ABOUT ACCOUNT MANAGEMENT! Now, about The account management. Well, as the name suggests, the professional trader of your choice makes trades for you, using your money. There are different ways how this service can be implemented: Either you open a brokers account in your own name and give the trader access codes.Or you wire your money to a specific...
CHF_JPY IS OVERSOLD AND AN UPWARD CORRECTION IS POSSIBLE DOTTED LINES REPRESENT SL AND TP LEVELS RESPECTIVELY FOR THOSE WHO WILL TRADE THIS. _______________________________________________________________ LIKE and SUBSCRIBE to get my LOVE!
EUR_USD ATTEMPTED A BREAKOUT, BUT IF DAILY CANDLE CLOSES ABOVE THE CHANNEL SUPPORT> BULLISH MOVE IS POSSIBLE (1) There are 3 support lines labeled 1,2,3 (2) All of them need to be broken for the trend to change (3) Even though the Euros bullish steam is clearly lost> (4) IF daily candle closes ABOVE all levels>>> retest of mid-channel resistance is...
Diversification part 2: Signals and account management What are they, and how are they different? PART ABOUT SIGNALS Well, signal service is when a professional trader sends you recommendations as to what trades to enter with stop loss and take profit. But YOU decide whether to enter the trade or not. The signal provider typically charges a monthly fee,...
Diversification in trading: Why diversify? Well, the answer is obvious, as even our ancient ancestors figured out that putting all your eggs in one basket is a bad idea.You risk ending up with no eggs at all! Hence the saying… Same thing with managing your money. Diversification is not a luxury but rather a necessity. Usually diversification is a term...
BIG picture GBP_USD IS APPROACHING HORIZONTAL LEVEL WITH MOMENTUM FOR POTENTIAL BREAKOUT| (1) There is a good chance of pullback short, as the level is strong. Watch price action closely. Remember, there is a diagonal support, where the pullback is likely to stop. (2) If no short opportunity presents itself, watch the breakout. (the breakout...
BIG picture USD_JPY BROKE THE RANGE SUPPORT>SHORT ON PULLBACK| (1) The range support is broken with confirmation on 1H/2H/4H and soon 8H timeframe. (2) There is an "empty" no visible levels zone between the broken resistance and the new support (3) Short on pullback, as on the drawing. Great risk reward.Great potential Take before the support, as I don't...
BIG picture AUD_CAD IS TRYING TO BREAK THE RESISTANCE BEING IN A TRIANGLE AT THE CHANNELS END| (1) Either wiggle in the triangle OR straight upwards. (2) After breakout>>> LONG after pullback. (3) Targets on the chart. ________________________________________________________ LIKE and SUBSCRIBE for LULZ!
GOLD is trading in a triangle, with it's lower bound changing angle! (1) A strong green horizontal support has been established (2) IF gold manages to break out the diagonal resistance of a triangle>>> Then the post-breakout scenario will likely play out (3) With long opportunities from pullback first and then from retracement to the dotted...
EUR_USD is trading back in the channel, facing mid-channel resistance! There are essentially two scenarios: (1) Bounce from the resistance> short>SL above the spike>TP support (2) Momentum breakout>retracement> upward push All that depends on whether the pair still got any steam left... So far it aint been going much ...
big picture AUD_CHF IN FINAL STAGES OF TRIANGLE TRADING, SUPPORT BREAKOUT EXPECTED TRADING PLAN: (1) IF breakout happens>>> (2) Wait for it to be confirmed>>> (3) Short on pullback. (4) Takes on the chart. IF triangle upper resistance breaks>>> setup invalid-possible long! ___________________________________________________________ LIKE and SUBSCRIBE...
NZD_CHF IS HAS BROKEN OUT OF THE DOWNWARD WEDGE AND IS BULLISH CHARGED| (1) LONG now at pullback, after the first breakout (2) Reaching T1 would mean a second confirmatory breakout>>> double the position (3)T2+T3=realistic targets (4) IF flops and goes down to the horizontal support>>>small retracement long from there...