Last night my CADJPY buy trade reached the take profit earning +720 pips of realized profit. Now with this chart I answer to a doubt of a member of my facebook group about CADCHF. He sold for the short term, but of course his entry point was a high risk entry. CADCHF shows in the highest time frame a Rotation of the Man Trend, from bearish to bullish. In the...
This is a scalp trade not the best but i chance to catch a quick 50 pips reasons for -Price has come to key area of 130.00 -Price has bounced of with two bearish candles -Price will need to make a move lower before any bullish movement -A small correction is needed A few more reasons to but not worth me going into detail :) Enjoy trade safe
Oil rebounded strongly from last Thursday. From EW theory the rebounded waves will most probably be a 535 zigzig correction wave. The rebound is so strong that the correct wave might last for at least one week. Trading setup: Pending long order at around 30.9 SL at 28.9 TP at 36.1 Good luck for me!
Nice QM level at the DP to engulf previous low
AAPL showing weakness in its uptrend, this is actually a large bear flag pattern, we saw price break through the angled (dotted) trend line, It has consolidated after and created a head and shoulders pattern. It also has ran into resistance and 50% retracement level. Volume has also declined as price moved up showing divergence between price movement and actual...
USDCAD converged to a very old supply level. The expectation is to see a drop very soon. But for now the price shows a flag that is a continuation pattern. That flag is a basing behavior of the price. It is consolidating in that price range. The continuation pattern suggests a potential new rally, completing in this a way a classic Supply and Demand Trading...
HAPPY NEW Traders. Hope all of you had lots of fun. Looking to buy the GBPAUD after a correction. As a New Year gift to the trading community I will be opening my daily webinars to EVERYONE for this entire week , so starting from today 8 am NY time you are all invited to join me twice daily in my London webinar 8 am London and NY 8 am NY time . See all of you...
Waiting for 1,0890-1,0910 area in order to wait an acceleration to 1,0850
GBPAUD is my favorite currency of this second half of 2015. I have earned a lot of money trading this currency and now I have a sell trade that is running very well. Here you can see my Trading Plan and the last trades that i take. Next Dec 23, I will host my last webinar of the year. If you are interested to be in, Sign up Here . I will respect my trading...
USDJPY is up to its same old tricks. The USDJPY like to consolidate tightly for periods of time then explode out of the range. This Breakout/Breakdown opportunity is setting up on the 240min chart. It's just a simple Balance Area. These Balance Area's are where "smart money" is either Accumulating or Distributing positions, we never really know what they are doing...
The price is approaching with a strong momentum to the lowest Supply Level. It is a risky level for a Sell. But taking in consideration that it is also in correspondence of the head of the last large swings, I could chose to risk a trade there, considering also that the main trend in the higher time frame is bearish. Target in the Demand Level, so as it visible...
I am writing a blog post to give more details to the attenders of my last Private Webinar on http://profiting.me, to explain how to identify the main trend and take advantage from it. To make this I just used CHFJPY as example. This image explain very well the importance to have clear the main trend and what is prevailing in the market. In this scenario the...
Oil currently is its last stages of the decline that started in the summer of 2013 and it will place a bottom within the next few weeks. It is declining now in Minute wave v "which will be a 3-wave decline" where Minute waves i, ii, iii, iv and v represent the ending diagonal wave 5 of wave (5). We are expecting wave v to over-shoot to the downside of the ending...
This is probably the best trade set-up of the day for me in terms structure. The market has come back to test a trend line resistance now turned support and at the same time completing a bullish cypher where there is a lot of structure looking left. The Risk:Reward ratio is more than 1:1 so let's hope for a winner. www.youtube.com tradewithme.co.uk
GBPJPY is definitely in up trend and it is rising for a long time now. In this trading scenario, buy more to any bounce back on a fresh demand Level. I had a trade in the last weeks and I closed it getting over 500 pips. But of course there were other opportunities to buy more. The Demand level drawn in the monthly chart gave a relevant strength to the...
The Price tested the Supply Level and Now it could bounce back. My trading plan is in favor of a rising up when the bounce will be exhausted. according with the trading plan I am looking for buy opportunities. But this is only a potential scenario. I don't exclude that the price can have a different behavior. This is a risky trading plan and a risky trading...
The Supply Level on USDCHF shows its own weakness. So, watching the Chart, in the third test of the Supply level the price moved higher going out of the old used Supply level. It marked a new and larger Supply Level absorbing the old one on the monthly time frame. If you missed my last Webinar, go here Definitely the Demand willing is dominating the Price...