These are above eur nzd 1 hour 933 am london time
ok my stop taken out post later market exploding now short on eur nzd and short on eur cad both in profit post later live trading watching
explanation on the chart, its to easy sometimes eur cad update 10 32 WE WILL GET INTO MORE DETAIL ON THESE ENTRIES AS WE MOVE ON IN THE THREAD
Ok just finished lunch 1240 pm london 240 pm here in bahrain just went long on usd cad i will post chart give me a min
heres the chart with notes this what i see as i took the entry 1 hour chart 12 40 pm
this is the entry usd cad down a bit further is the result, STRATEGY ON THE ABOVE CHARTS WILL BE IN DETAIL AS THE THREAD MOVES ON. I WANT YOU TO JUST GET A GRASP ON HOW I ENTER, DETAILS WILL BE DETAILED AS WE MOVE ON. WATCH THE VIDS FIRST ITS A MUST
The above is well in profit already will post usd cad
usd cad omg last trade for today or filled filled filled …no more trades over trading…anyone interested then i send links to learn what i am copying from other traders
last, if your looking at usd cad right now potential kamakazi on the 1 hour buy in the last 2 min of the hour experation and you be in gold. Last 2 min to makesure theres a big tail and small head on the top …take long offcourse the move down is to clear the sl on the longs so the currency can move up…the big red right now is bullish not bearish
could not help myslef i went long last trade i swear already 20 pips up
Thanks for sharing. Im watching Oliver’s video’s now, who were you talking about before, “she” ?
I hope you pls keep explaining with your steps thanks
offcourse stay on olivers vids on you tube all of them , and get the concept once you did that i will post you to the next direction …remember oiliver talks about the 200 but not that much becuase thats the key to the whole thing
dude its like x mas here i saw that usd cad big red kamakazi forming whilst i was frying chicken have an open plan apartment SO I CAN SEE THE DAMM SCREEN LIKE A MAGNET, i did go long a bit premature but its rising just put trailing stop 15 pips 30 up 3 lots lol …i love d crazy kamakazi…last trade today i swear …supposed to go gym
whats going on withusd cad there are so many buyers cant move its got to take out stops. My trailing at 15 will drop im sure
yep trailing stop taken out…humfff
alright 5.o5 pm londont time expect a rally long on cad but only if the 200 sma holds as support , have tight stops theres a double top and its the battle of who wins the 200 sma on the right side could go anywhere but i see the bulls in control still
bears in control 200 broken im short at the 200 breal on the 1 hour trailing stop 10 pips no chances safe as cad is going mental
if your watching usd cad, this is what happans when all the money is long on the same currency at almost the same time. Its like a truck trying to move up a hill, butthe truck is so over loaded with buyers and burden it rolls backwards and dumps more of each time it rolls downwards. And each time it tries to move up the hill more buyers get on board, and the new buyers are so many the truck rolls back to dump them of to…Its a true battle of the 200 sma in play! the smart thing to do is stand aside but dont miss the tape for the world. Bulls in control again.
Huge money is in play options and binaries, banks , central banks and billions being played out to be long on CAD. Anyway shes long up the hill again hopefully this time the market got the message. i.e we are going long but dont expect to be long for the long term as will dump you of on the next pullback coz you are to many to carry.
so you can see that the mighty 200 is all the market watches to understand if price is below water or above! So any strategy has to be based on the trench line which is a self forefilling provacy, as there are traders who do not know what a fibo is but they certainly know the 200SMA! its that important to the markets. most brokers will give you a 14 and a 21 sma on there defualt charts, just to make your life suck. a good swiss bank with forex platform will give you a 30 and a 200 as default. As they want you to win. As they charge comms and not a pip spread.
sorry maybe i did not give you such a good answer trading for a living and posting charts real time is multi tasking. Aiysha is a good example of someone that trades 200 Sma 200 Ema 14 period…nothing on the charts…she just enter on the break and enters long depending if price is above or below the 200 water line.
But she plays for small pips with big spreads ! not everyones style, but relevent because of the 200 play. I have posted a link in this crazy thread some place. After your done with all of the Oliver Vids you can find on youtube , then I want you to understand about jesse livermore the bear of the industry who made millions during the 1923 stock Market Crash. For Instituational traders it is a must read as Jesse is the God of the trading world. Very related to how we trade the moving averages. Same meat different Gravy. Very important. Remember nothing I am informing is mine. This is how i have been taught to trade. there isavariance as we are human and only 1 part Robot.