CPEThe bullion hedge fund manager John Paulson Jr acquired 21.6M shares of CPE. The blue line is the 2014 price level. My play is to see will we have some contraction and then to jump in. Also worth paying attention is RSI 50 level, will the momentum holds or not above the same one.
My target will be near the Fibonacci level ( Weekly one)
Hedgefund
USD/CAD Long WinnerFinally guys we have a winner the draw down is over!!!!
There was a big news release around 7:30 am CST that triggered my entry
In a matter of 12 seconds i took profit of $155
This was my first real draw down in live trading with a profitable strategy
It took a lot of patience but i got through it
I followed my plan with precision and it paid off
Cheers to a great weeks end!!
Remember guys i am offering Forex signals for a discounted price
My email is fibtrader90@gmail.com
EUR/USD Long set upAlright guys we got another shot at EUR/USD
Got the 10 ema cross above the 20 ema around 12am CST
The vertical line is the marker to were i start looking for a long trade
i drew a fib from low point before the line to high point after vertical line
My entry is 2 pips above 38.2 Fib level
USD/CAD ShortAlright guys i am back at it again with another USD/CAD trade
The red vertical line is my marker to start looking for a short trade
The confirmed cross of the moving averages happened on the 8 Pm candle on the 4 HR chart
I am looking for a pull up to the 50 EMA on the 1 HR chart
My entry will be 2 pips below the 50 EMA
P.S.
I am now offering Forex signals Please email me for more details
fibtrader90@gmail.com
EUR/USD Stopped outHere is a my latest trade
Been waiting for this trade to happen for a week and i finally got filled this morning
Unfortunately i just got stopped out but that is how it goes in trading
Currently in a bit of a draw down but i am staying in there and not giving up because i know my strategy is profitable because i have back tested it
Losses will happen its a part of trading...
Moving on...
EUR/USD ShortHi everybody
Currently i am still waiting for the re-tracement back up to the 38.2 Fib level on the 1 HR chart
i have been waiting for about a week now
P.S.
Also i am think about starting a Forex signal service
Would anyone on here be interested?
If so my Email is fibtrader90@gmail.com
email me foe more details
Have a great week
USD/CAD Stopped outSorry for he late post.
Yesterday i entered a long trade on USD/CAD and got stopped out within a couple of hours.
I am back testing every trade multiple times to make sure that i am following my rules.
If i am following my rules and i still get stopped out then there is nothing more i can do
Just remember its probabilities...
Next trade please...
EUR/USD ShortAround 4 am CST this morning i received a signal on my 4 HR analysis
The 10 ema crossed below the 20 ema on the 4 HR chart
On the 1 HR chart i drew a fib from most recent high before the red vertical line to the most recent low
The white horizontal line will be my entry point
If the pair makes a new low i will readjust mt fib levels
EUR/USD Stopped OutIts been a few weeks since i got a trade in EUR/USD but here is my long trade that i just got stopped out on
I did everything according to my strategy and i even reviewed this trade
I am not upset that i got stopped out because i know i did everything right a doubled checked myself
Moving on the the next trade...
EUR/USD TradeHello Everybody,
Finally getting a trade in the EUR/USD!!!
Received a signal around 4 pm CST
On the 4 HR chart the 10 ema crossed above the 20 ema so that means i am looking for a long trade.
On the 1 HR chart I drew a Fib from most recent low before the vertical green line to most recent high before the vertical green line
Looking for a pullback into the 38.2 Fib level
USD/CADHere is another trading setup in USD/CAD
Looking back the past two trades looked like fake outs but at the time of the signal it was just another trade that was apart of my strategy.
My mindset is what i see the signal l i take the trade.
I do not think what could happen because i do not know
I take every trade with the expectation of something will happen
Have a great weekend folks!
GOLD WHAT TO EXPECT? | 4 Hour AnalysisGOLD 4H ANALYSIS
Trend: Uptrend
Sentiment: Bullish
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Donald Trump recently made a bold statement on his twitter page mentioning:
Things are going along very well with China.
They are paying us Tens of Billions of Dollars,
made possible by their monetary devaluations and pumping in massive amounts of cash
to keep their system going. So far our consumer is paying nothing - and no inflation. No help from Fed!
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This is very bullish news for the USD and we are looking into USD Longs
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Whats the catch?
Gold is inversely related to the Dollar
Therefore, as the DOLLAR rises, gold falls.
We should be expecting gold to DROP to various zones i marked before a rally to the upside.
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Buy Zone 1:
As gold is in a strong trend this news might send it down before a major leg up. Good to place a buy there
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Buy Zone 2:
There was a prominent fake breakout that happened previously. In forex we always tell ourselves to trade what we see.
History might repeat itself and we might see another false breakout.
When that happens, we can contribute it to 2 factors:
1) Market manipulation from Hedge Funds/ Institutions/ Banks
2) Very Bullish USD sentiment
3) External Factors Like AUD news.
This might likely send a rally down. Pick up more buys at this zone.
Will Update
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NOTE:
Dont Look For Shorts, especially when the sentiment for gold is really bullish.
Notes on PsychologyWhere are hedge fund managers pricing their fibonacci's?
Quick notes:
Fibonacci major resistance at 61.8% - good sign
RSI back to par
Stochastic crossover below lower threshold
MACD may swing back to crossover but need more information.
Resistance at 50d moving average
Using 1h chart because things are happening VERY QUICKLY on this stock.
Psychologically at 50 cents is a natural barrier because we know that prices are not completely logical and they fluctuate around psychology where large fund managers will set exit and entry limit prices to make sure they are 'limiting their risk/downside"
SO WHERE DO THEY PUT THEIR MARKS?
50 cents on the chart had natural resistance and on the most recent climb we can see resistance jumps in increments
Resistance at .50, .60, .70, .80
Then we heard good news about their trials and it DOUBLED from .8 to ~1.6 which a DOUBLE is that good for a fund manager!? YES!! SELL SELL SELL SELL PANIC PANIC FOMO LOOSE MONEY EVERYONE SELLS
"GREAT! now we just made double our money, sold everything, now it has dropped back to our original price or just about ~.9 (let's increase it just a bit to not be predictable about our .8 resistance), and now let's double it again ! Now we have made quadruple our money in 10 days! WEEEE"
A favorite buy back is at a 61.8% retracement, while the volatility here shows that it can easily drop all the way down to .74 at the 78.6% fibonacci... it is unlikely and we will see consolidation until the big guys have their shares and then we will see this cycle repeat itself right back up to 1.8 or even 2! AND THEN MAJOR RESISTANCE SELL SELL SELL PANIC
RINSE & REPEAT.