Montreal Day Trading Course October 4-6 Join us.
Since this week there’s not much to trade, I decided to see what we could find in others pair.
So far I pick AUDNZD. I was waching this pair since last week, but this week, we should see an Short Entry.
my first 3 charts will have an old technical analys. But at the end it will be updated by a recent chart of AUDNZD pair.
AUDNZD BULLISH TREND: After creating bullish trend, in stead to wait a reply till down bullish trend line and take a long, I’m looking to short it, at about present level.
AUDNZD DOUBLE TOP: The reason of shorting this pair now, when it go against the market trend, is because I did like the double top. I also, like the fact we have a good range, for ROI% and protect have space to take good profits.
AUDNZD TARGETS: This is simply a chart, with 2 targets I have. Since there’s a probability we bounce on my 1st target, it will be important to sell more than 60 to 80% of my position for maximum profits, in case if this trade go against me.
AUDNZD FOrex trading
The entry for should should be very soon.
Watching this pair, to get at the right price.
right now, we maid a retracement of 50% since last drop. Looking for short there.
PS: be ready to get out if don’t pass green trend line.
Trading futures SP500 weakness – the start of a major correction?
Trading futures on this past weeks news normally wouldn’t have any one selling this type of widely held market. The unemployment data was good, everything seemed to be in line, yet there was weakness going in to the latter part of the week with lower and lower buyer volume.
S&P500 emini futures is at a major support before a continuation to 1900 and a further sell off target of 1865. If the buyers do step in for a partial retracement we are looking for levels at 1935-37 for resistance. If there is some seller’s pressure from the Asian markets and a weak open in Europe we could see the markets hit resistance at 1931 and head lower.
Trading futures is very risky.
Make sure you have practiced and know what you are doing. There are many settings in the market place which you can see the tendencies of the market. Watch for a quick reversal in the AM. Although there was large selling volume, we don’t know if this was capitulatory and we could see heavier selling. There is a good chance sellers will test the previous swing lows.
We have marked a few of the areas for support and resistance and looking for basic patterns to swing through these. The previous major sell off gave us a 120 point swing. Price action consolidated for a few days then made the second move down before continuing the long term bullish trend.
Don’t forget, we are in a Bull trend, for the long run and we have yet to invalidate the trend or give a clear topping pattern. Trading futures with a group that speaks the same trading language and has the same trading psychology training creates a very collaborative environment. Join us in Calgary or Montreal this fall.
Day Trading Forex System
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#October 4-6 Day Trading course at Montreal!
US Dollars – Day Trading: Didn’t take this trade, I actually asking my self why?! ..but the analyze was perfect.
CADCHF – Forex Trading. …watching this one live right now… let’s see if it will bounce back, or continue
USDJPY – LOVE IT…was trading since long time, by taking quick small trade, and finally it look like I catch the Break Out!
GBPUSD – last position, doing great! let’s keep it this way