EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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The reasons I went long is
1-The GBP/YEN had 10 trading days of consecutive loss, I checked this currency pair performance in the last 10 years and I found the GBP/Yen had 9 days of consecutive loss only once in the last 10 years which is in August 2008 when leman was filling for bankruptcy . so I thought it is highly in unlikely ((probability)) to have 11 days in the row.
2- I looked at the 15 minute chart and I notice Cup formation ((bullish))., and there is a defined stop loss below trend line which was tested 3 times before .
3- And the most important factor is the stop loss is tight and the potential profit is large. i.e Risk to Reward
my position is 2000 pound in profit. close one lot, and but the other two at break even.
looking at the Euro/usd it does look to me that the pair in consolidation, for more up movement.we can get to 1.3430.
but this is only my personal opinion. I don't trade this pair
thanks alot mate, I opend positon GBP/yen at 125.75 my stop loss is 125.55 .
3 lots .
i know it is against the trend but i think risk to reward ratio is attractive. let see
i hope you followd my advice it did go down as i told you.
yes i am orginally from Russia but i a currently studying at Lancaster University in ((North west of England)).
Doing Msc in Quantitative Finance, you can come and visit me while i am here, the Lake District is not far from here.
but don't come now becouse i am busy i got lots of exams in January.
i booked my profit in short Aud/USD, very good trade. . i did go down almost 100 pips from it is hight as i told you last night.
i still projects 1.043 for this pair but nohing certain. we shall see.
I am just Small Town trader, Living in Lonely world
don't try to be hero!! the pair is in downtrend in all time periode .
i made call in this fourm three days ago when the pair was at 0.96 to go short today it is at 0.938.
more down side in this pair.
BUT some time i am wrong, who knows!
just stay away from your computer, go the park or do something else for one week. If you keep looking at your screen you will just loss your mind. Take break gather your thought and come back with new fresh mentality.
And dont over leverage, 8 lots for small equity account like yours without tight stop loss is madness.
You should look at yourself and question your logic and if you dont learn from it then you have stop trading