Gold - 14 June - random tradeWhile waiting price to reach 1950.00 support level, running an order to buy...
Minute after minute
Hour after Hour
Pips in the power...
Technical
NIFTY CONSOLIDATIONThe problem lies here in this consolidation zone. 15 minutes candle sustaining above this consolidation will lead NIFTY to 18770 (RSI is also neutral and I hope it will show strength as market breaks consolidation on upside).
DISCLAIMER:- I am not a SEI Reg. analyst. Do your own research before investing or trading.
Comment if you have any questions regarding this.
Gold Update 5- TUE 13 JuneHi All,
Quick Update: I took TP1 & closed trade yesterday.
Today: I did re enter at same level entry level @ 1961.150 & took TP1 at 1951.380 with a profit 9187 pips on the micro account. Momentum is lost I guess for today …
Gold market goes sideways & I’m really weary of it. It could loose strength and start moving totally opposite.
As much as I’m aware set up still valid, but… I do treat market with a caution, because of pretty strong S/R levels & some signs of possible reversal on 1H & 4H charts. We can see triangle formation with neutral direction…
Even if the market going to loose steam I’m not upset so much because…
TP1 - 8431 pips yesterday
TP1 - 9187 pips today
In another words TP2 pip targets achieved in 2 trades & Total of 17.618 pips on micro account cleared up already
7 trades won in row…
Have a nice evening , time to relax ;)
Gold Update 4- MON 12 JuneHi all,
New week started & update on the charts. Like as was predicted TP1 cleared up already with 8431 pips on micro account.
Congratulations all with a profitable day.
TP2 @1941.227 still valid , fingers crossed ;)
PS: never ignore SL, you never know for granted what is next coming….
Gold Update 3- Friday 09 JuneFriday…
I do not like a very much trade on Monday & Friday…like as today…
Technical analysis still holding & valid. Simply I do not like to keep open positions over weekend because of overnight charges & unpredictable beginning of Monday.
Volume dropped already and market is already in “weekend mood”. No illusions here.
I did exit break even at 1967.37 with a +50 pips on micro account. At least I can pay for my coffee ;)
I do aspect on Monday continuation of set up. Another day, another dollar…
Some statistic for all week…
It was mostly all week testing work done, so I did end up with a “punny” 2154 pips profit & 4 test trades.
By my technical analysis since 1st of June was “available” 5 trades with 11018 pips profit on micro
account .
Looking forward for the next week trading. ;)
All of you have a nice weekend & good backtesting of your ideas!
Gold Update 2 - 09 JuneSL “clear up” for all impatient traders…
I do believe , many of them do have a high blood pressure right now…
I’m still waiting for entry like as planned…
Gold Update 1 - 9 JuneBased purely on technical analysis only…
Possible entry, TP & SL scenario:
Entry : 1960.500 below L/L on 5m or 15m chart
TP1 : around 1952.162
TP2 : around 1941.227
SL: around 1969.252 or over
A very much possible, that TP2 can reach support line at 1939.50 or even 1937.60 , but not for granted…
Be aware of economical news later today. You never know….
PS: never forget to set SL, cos you never know for granted what next !
Gold Update 08 Jun- TP closed with a 2.123 pips on micro accountTechnical analysis:
TP1 & TP2 was confirmed by technical analysis & lead to 2123 pips profit & 15%+ account increase.
Purely in the theory do exist TP3 around 1978, but I seriously doubt it that it going happening today.
Trying to follow TP3 would be totally based on gambling & alchemist rules…
I do hope all of you had it good trades, time to relax…. :)
Have a nice evening!
EURJPY Upside PotentialHey Traders! 👋
For Day 23/100 of our challenge, we will look at USDJPY upside potential this week.
Technicals:
- 149 support rejected
- 150 resistance breached
- Now pulling back into 62% fib
Invalidation area: 148.6
That's it for today! See you tomorrow!
GBPUSDThere is possibility for this pair to SELL of from tomorrow, let keep our finger crossed to see how it works
gbpjpy Sometimes JPY just keeps getting weaker, bulls are enjoying a long way and more to go.
We are looking for a buy in the demand zone where lies the imbalance to be filled. looking forward for 5R trade on this.
we will be looking to enter the extreme zone.
USDJPYSometimes JPY just keeps getting weaker, bulls are enjoying a long way and more to go.
We are looking for a buy in the demand zone where lies the imbalance to be filled. looking forward for 5R trade on this.
NZDCADClean short idea on NZDCAD, as you can see there are 2 selling points marked up in the chart.
We are taking both opportunities as the price continues to be bearish.
NZDUSDSimple and clean entry, we are looking to short NZDUSD from the nearest level of supply.
As we see the Dollar rally continues to go up, so every rally on USD dominant pairs will be a selling opportunity.
EURAUDWe are looking to short again on EA, as its a bank holiday we will not target our entries on the extreme level but the close level.
Currencies are Rubber Bands - That is Why Bollinger Bands WorkIn the heat of the moment, when big news such as the optimism of over the US debt ceiling and US rate hike causes big bullish move in the USD, we tend to extrapolate that currencies will go in one direction. However, the truth is that currencies are like rubber bands. When it hits either bands, we should expect the currency to rebound back
EURUSD(H4) SHORT...IS EURUSD(H4) GOING DOWN?!
as we can see, EURUSD breaks H4 upward channel and Range box either...
this is a low risk position that i recommend u to open..
APPL Wave AnalysisI included the text analysis in the chart.
Short term LONG potential for APPL.
We are still in a correction. Depending on how it evolves, we can take future actions.
LONG beyond the marked price level or SHORT if the price doesn't go past the marked level.
If you agree with this idea, please consider sharing it with others. Thank you.
Disclaimer: Technical analysis is for informational purposes only and should not be construed as financial advice. Trading decisions based on technical analysis are the sole responsibility of the individual trader.
GBPUSDGBPUSD at resistance if can't break can drop to support area's 1.25468 - 1.24428
if can break resistance can rise to next resistance at 1.27002 - 1.29884
DXYDXY in critical area if can break demand zone can drop to support zone at 99.309
if can't break demand zone can rise again and tested trend line if can break trend line can rise to fvg area at 103.538
BluetonaFX - GBPUSD Trade IdeaHi Traders!
We have a bearish price channel set up here, there is currently a bearish bias as we had a previous double top around the 1.25156 area, there was then a momentum push to the upside to break the double top. We then had resistance at the 1.25845 level and we are now back in the range to possibly push to the downside, we must close outside the price channel, if we do we will target the 1.24364 support level with a possible further push down.
We will continue to keep a close eye on this one and will alert you of further potential opportunities to come.
Thank you for your support!
BluetonaFX
