Buying at Support Level
Good day traders,
Todays short video is on the GBPNZD. We are waiting for a pullback before entering our positions.
Good trend trading...
Javid Shaik
Good day traders,
Todays short video is on the GBPNZD. We are waiting for a pullback before entering our positions.
Good trend trading...
Javid Shaik
Hello traders,
Today's Two Minute Video shows a little weakness on the AUDUSD. While this is not enought of a reason to short this, it is an early warning. Price being the primary indicator, we need to see a break of support for confidence of a trend continuation.
Good trend trading...
Javid Shaik
Here are todays forex trends.
Below are todays trends for stocks.
You can watch the 2 minute video to get a better understanding on how to use the trend analysis.
In recent days the AUDNZD has found a little strength. As you can see in the video, price came close to hitting our stop but we still have a bearish outlook on this. If price breaks above the indicated resistance then we may see near term bullish bias.
Morning traders,
Today's analysis is on the previously documented AUDNZD. The Advanced Get chart shows a bounce with the green bullish bar from yesterdays session to the figure. The trend identified by False Bar Get Stochastics is down and price is below VI. Currently the chart is above the support zone (blue dash line) and a break of this region will likely show further weakness towards the next support zone.If price breaks above the VI and resistance zones (red dash line) then we have a bullish bias but at present it is certainly more bearish and enough to warrant pur short position.Courtesy of Advanced Get and eSignal.[[posterous-content:pid___0]] Good trend trading...Javid ShaikMorning traders,
Today's analysis is on the previously documented AUDNZD. The Advanced Get chart shows a bounce with the green bullish bar from yesterdays session to the figure. The trend identified by False Bar Get Stochastics is down and price is below VI. Currently the chart is above the support zone (blue dash line) and a break of this region will likely show further weakness towards the next support zone.If price breaks above the VI and resistance zones (red dash line) then we have a bullish bias but at present it is certainly more bearish and enough to warrant pur short position.Courtest of Advanced Get and eSignal.
Morning traders,
This is a brief update on the EURSEK due to time constraint so this post is not accompanied with a chart.Yesterdays session hit the VI with a Doji candlestick. Although Stochastics shows as overbought and price is at the weekly trendline resistance, the last false bar Stochastics appeared above so the probability is low for a short but the opportunity is still there. Trading Room members wanting to enter on this trade should halve the risk and apply the ESLT which would provide the entry after the figure. Last point is watch the target with consideration to the pink line.
As we have already been triggered into the AUDNZD which is the higher probability trade of the two opportunites this morning, we will not personally be taking out the EURSEK.We would like to congratulate one of our members for hitting his target of 10,000 pips (not banked) for the year. Well done Prakash and hopefully this serves as a basis for consistency and further profits.Morning traders,
The USDDKK has been in a downtrend and as trend traders we have made good money from this trade so far.The recent pulback had triggered our stop leaving us without any positions in this cross. We are now looking to enter this trade and are waiting for our initial basic set ups to confirm our interest after which we use our own trading tools and trend trading strategies to enter and manage the trades.Advanced Get users will notice that currently XTL is black so that suggests standing aside is appropriate. If XTL turns red and Stochastics forms a false bar below then our interest is ignited. Prior Stochastics shows a false bar (pink shaded region) with red candles. The trendline also indicates the trend confirmation on this cross.
