I wanted to hold this trade until 50% was hit however due to the margin space, I will need to close. I'm trading on CFD's which has a large margin reduction on cryptos. Sticking with currencies only from now on.
I wanted to hold this trade until 50% was hit however due to the margin space, I will need to close. I'm trading on CFD's which has a large margin reduction on cryptos. Sticking with currencies only from now on.
I sent this trade to a well known 'GURU' who rakes in monthly payments from people who think they know less then they do. Trading is one of the hardest things to be profitable in because it's guess work. The worst thing is traders dont help eachother they just take from you. This 'GURU' laughed at my views of a short, little did he know I run my own fund. IF...
Waiting to see what happens with EJ, the yen pairs have been confusing alot of traders over the past two weeks. I have made ALOT of blown accounts in my time when I was up and coming, so waiting for confirmations has been a hard lesson to learn. Overall EJ is bearish in my eyes however I'm still waiting
Once triggered I will be holding until wave 3 is complete, the highlighted blue is the length of wave 3. Bear in mind wave 3 has its own wave cycles (1,2,3,4&5) Wave cycles are a good indicator of where to place your stoploss.
I'm looking to trade the remaining of wave C to completion, this trade might run into the Asain session due to the time and low drop in volatility. At the moment I'm set to enter on the bull flag exit so lets see what happens.
I want to see how this plays out, wave 4 is in play in my eyes however this hasnt dropped yet and due to the time I dont think it'll drop effectively until tomorrow now. Let's see how this plays out. I dont have a trade in it at the moment.
I'm watching closely for the next move on Silver. What I'm looking for is the next impulse which should push price to the next fib point. This ABC correction could be a nice way to start the week. DXY should be pulling back bullish which would help this move, nothing has been confirmation however so lets see what happens.
How would you trade this? Look for confirmations and only enter when you see it align with your own strategy
As the note says, it's tricky figuring where to upload it as it will be a long video 4mins - 6 mins roughly but i'll probably get to it tonight or sunday morning
This is a snapshot of what we're arguing about, if you want to copy please do at your own risk. If we're unsure I cannot recommend to copy us.
We are looking at this pair with an internal debate, 50% of the team say short and 50% of the team say long
I wondering whats going on here, I wont take the trade due to the nes coming in the next hour but this is a nice setup
This is a quick video for a friend, we're looking at AUDUSD and how to trade it