RobClarke2e

RobClarke2e Updated 

This week I will open position at around 9210, assuming a small retrace. Will close 1/3 of position at target A. Will then move SL down and see if we get lucky and close another 1/3 at target B. Again move SL and see if we get really lucky and close remaining 1/3 as close to target C.  Target A is the expectation  Target B is the hope  Target C is the dream  Of...

RobClarke2e Updated 

Oil is at crazy low levels, surely cant go any lower!?

RobClarke2e Updated 

With the PMI USD Data release in 20 mins expected to be negative due to Corona, I would hope to see some significant bearish momentum. Close 1/3 of position at each target level to ensure at least some profit is banked. Lets wait 20 mins and see!! Good luck!

RobClarke2e

Just a punt to be completely honest. Has to be some sort of retrace before further moves downwards....surely!!? Tight stop just below recent low. If it triggers SL I will look to re-enter around the 23-24 mark.

RobClarke2e

You can see top of downtrend channel showed strong resistance here previously so have gone short and aiming for 1.07700. Clearly Corona Virus fears are getting worse due to it now spreading around Europe and globally so further downside expected. Good Luck!

RobClarke2e Updated 

Already have a longer timeframe analysis in play on this. This is just a smaller timeframe analysis. Ascending wedge, good level for resistance. Lets see this drop...

RobClarke2e Updated 

Since breaking out of the long term down trend channel, USD/JPY has formed 3 bearish Rising Wedge patterns. The first wedge was formed over 105 bars (147 days) and dropped 6%. The second was 85 bars (120 days) and dropped 6%. The third is potentially 103 bars (147 days) and could potentially drop 6% ('Potentially' as awaiting confirmation of wedge...

RobClarke2e Updated 

I am waiting for around 8,450 to open a short position. Will then hold until around 8,100 where I will close half the position, then let the other half run (risk free) to TP2 long term. Will move SL to break even after hitting TP1. Will Barnes - Don't say I didn't tell you so....

RobClarke2e Updated 

Other than the fragile state of the current global economy, I am only using very basic analytical tools such as H&S, Double Top and Rising Wedge. These coupled with recent ATH's give me enough indication that the edge is in favour of a decline rather than another rally. NAS100 is a fickle beast so I could be way off, however it has been a while since I've posted...

RobClarke2e Updated 

Bear flag as shown. Will wait for it to break then short.

RobClarke2e Updated 

Anticipating this H&S for drop to lower trend line of channel. Many others are calling for a push up to new ATHs above the 8000 resistance area so be careful and trade with caution. Don't risk more than you can afford to lose. Good luck!

RobClarke2e Updated 

Chart speaks for itself. I am hoping for a retest of the strong resistance area at around 66900, where I will be entering a short position with a trailing stop loss. Fingers Crossed!

RobClarke2e Updated 

Buyers and Sellers have been fighting and continue to fight. I see a lot of calls for 1.03 but so far the upper line of the down trend channel appears to be holding. The next hour or two may be critical.

RobClarke2e Updated 

I don't pretend to know a lot about trading as I am still in my trading infancy i.e. I have only been trading for about 2 years. In that time I have blown my account up a good couple of times after making substantial gains. Any massive drawdowns have solely been to oversizing positions by arrogantly thinking I 'KNOW' what is going to happen. Ironically, my...