avidtrader89

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Mid-long term short on GBPNZD

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A quick intra-day trade from the day's R1 to pivot. 50 pips.

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Here's a GBPJPY Short I'll be taking from the pivot if I see a nice rejection at that level. Price has made a double top and has now broken past the 50 and 100 ema's.

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MACD Divergence, 1 year double high test and bearish high test shooting star Doji. Time to invest in a mid-long term short position.

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Here's a short position I'll be taking on the NZDUSD. I would have lined to get in earlier on this move but time constraints prevented me from getting enough chart time in. Nevertheless, a momentum move to the downside has occurred after the phase line on the daily time frame has been broken and retested as resistance. Moving onto the intra-day time frames, the...

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Fellow traders, No matter where you are on your journey, whether you're just starting out or you've freed yourself from the shackles of the 9-5 lifestyle, it's easy to get stuck in a rut. Over the last few years, I've been more and more selective about the trades I make. After all, capital preservation is absolutely necessary if you're to trade for a living....

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Hi traders, For more of the long term traders among you, here is a head and shoulders pattern that is nearing completion on the EURGBP weekly chart. The pound has been relentlessly choppy since last year's referendum. Is it possible that we're about to see some semblance of stability again? Personally, I can't see the fundamentals doing this technical analysis...

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Daily MACD divergence on the daily. Rejection of 1.31000 level (key monthly S/R) 4 HR Breakthrough below 50 and 100 EMAs. Pullback and retest of the 100 EMA. 1 HR Lower low and lower high below 50 and 100 EMAs. Pullback to the pivot. Doji has formed at the pivot and the 50 EMA 50 and 100 EMA crossover. Target: 1.10000

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Factors of confluence: - Double high test on the daily - Lower low and lower high on the daily indicated trend change - Phase line break - Daily S/R level held as resistance - Break and hold below 100 EMA

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Here's a potential breakout to watch out for on the EURCAD. Price has formed a nice consolidation range at the top of a daily high test. Look for a breakout and a rejection of the outside of the box.

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I'll be taking a short position from the daily pivot. Factors of confluence: - High test on the daily chart (failed to break previous high from months ago) - Consolidation on daily chart - Double top on 4hr chart - LL's and LH's on 4hr and 1hr chart - Psychological level of 1.5000 - Break below 100 EMA on 1hr chart - Pivot point coincides with 100 EMA

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In case you missed it yesterday, here's a GBPCHF trade I spotted in the nick of time yesterday. AvidTrader

avidtrader89

Money makes money . It's an age-old saying, probably because it's generally true. But starting out as a retail trader can be daunting and at times, frustrating. It takes time to build up a sizable account big enough to allow us to take the leap from trading part time, to full time trading. Something that has kept me motivated over the years is an excel...

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It's always refreshing to hear from some of the trading greats that have made a killing on the markets. Here are ten quotes that'll make you think twice: "Volatility is greatest at turning points, diminishing as a new trend becomes established." - George Soros Soros cemented his position as a trading legend when he banked billions by shorting the British...

avidtrader89

Hi traders, There are hundreds, if not thousands, of trades posted on Trading View every day. Some are hunches of what the market MIGHT do, others set definitive entry points and profit targets, and others anticipate the completion of certain patterns. But how do we separate the wheat from the dross? I want to be as transparent and accountable with my...

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For this trade, I took a position short based of the following: - Overall momentum was bearish - Daily direction prediction (DDP) was bearish - Daily pivot point coincided with the 20 EMA on the hourly chart and previous support zone - Price previously made a lower low - No resistance areas in the way of 50 pip take profit - Daily, 4HR and 1HR charts...

avidtrader89

For this trade, I took a position short based of the following: - Overall momentum was bearish - Daily direction prediction (DDP) was bearish - Daily pivot point coincided with the 20 EMA on the hourly chart and previous support zone - Price made a lower low from 5 days prior - No resistance areas in the way of 50 pip take profit - 20 EMA below the 50 EMA and 50...

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Power move on the NZDJPY