Thetraderdaddy

Thetraderdaddy

a clear retracement fail with two twin tower candles on the 4hour.

Thetraderdaddy

Decent risk reward in this upward channel

Thetraderdaddy

I feel like Oil is due for a bounce due to its sharp decline and 10+ support levels. Playing Oil through options (USO) futures or forex (WTI) is a great risk reward.

Thetraderdaddy

As its trading in range in the short term we expect it to go short

Thetraderdaddy

This is a very simple trade. I've build a career on this one trade from when I was a stockbroker, a trading instructor, Investment pool manager, as well as for myself. 1.)I will buy calls if the price is around 12.35 - with a strike price of 13.5 and 2 months out. If it drops to 10-12 - then I'll buy more calls with the same strike price and month as...

Thetraderdaddy

This is a what I call a common sense trade, meaning that your just dealing with the notion that the GBP/USD should go up to at least 1.58 or its previous high. Thats about 300 pips or points and with a tight stop right outside the channel its a good in terms of money management. Since its on the Daily chart you could consider this a long term trade but really This...