Daily Wisdom 21 - Indicators gauge your feelingsLook at things from a different perspective. Maybe then you will find what you're looking for.
Surfing
new short term consolidation area for AUDUSD? After a small bullish jump its looking like we are starting to create a small area of consolidation. Nice for surfing quick pips. Excited to see how this plays out through the night. Lets see if we can quick surf our pip goal for the night!
USD/JPY - Speculating a Breakout and an Idea of an Ideal trade.Currency Pair: USD/JPY
Date: May 03, 2019
This is an application of the few rules I have learned about trading forex.
- Support and Resistance
- Pattern Trading
- Price Action
- Trends
Some thought on this pair:
The pair is kind of wedging up. It is creating a point of pressure in that price will have to either do one of three things.
(1) Bounce
(2) Break
(3) Float
These three things could happen in a combination kind of like a boxing combo. Or as simple as one. These 3 principles are relevant to price action at its current price and range. Keep a lookout for this pair. Whether I am correct or not I think in the next 140 days you will either catch a lot of pips trading a up/down - trend. Once the trend is established I know I will be on a lookout. Wish you luck in the ability to catch the opportunities while you can.
Change the different timeframes to see the full technical analysis.
Trading Journal Entry: 1
By: Austin S.
Wolfe wave patern for Long on Gbpjpy Short term high probability for long by wolfe wave patern on gpjpy m15 chart. Target 156.000 with entry price 155.507 and stop 155.300.
OPEC News & EVENTS: A year in Review. aka: Surfing the News.-
Whether you believe in cycles or not.
Whether you believe in manipulation or not..
Whether you believe in Santa Claus or not.....
OPEC News and Events that moved oil , and the trajectories that followed.
More recent channel trajectories.
THE CONTINUATION OF AUDCAD's DOWNTRENDAUDCAD is having some trouble with the bears. Nothing to worry about because being in a trend can give some very profitable opportunities.
Like this one if it continues to move downward. We all don't know if it's gonna happen but we can get a high probability out of it.
Having a flag pattern or a pendant formation gives you enough information that there's a strong move to the direction of the pole. After that, the flag or pendant starts to occur. Which is mostly a 'slightly moving against the trend'-move which we will name the break or quick rest. In most cases it happen to move further in the overal moving direction.
I have also put the EMA's in it, just to look at what most people think. 'Lower than the EMA's? Ah then it will go down lower.'
Third point is the resistance area that I have blacklighted.
So I built an entry 3 cases strong. A flag pattern alone could have give me enough potential, but I want more to see.
Getting that mental encouragement that you will need while trading!
