one thing to keep in mind, when you have a chart like this with two relatively small targets opposite one another, one method you can use is hedging.

for example, here you could have opened two different positions of buy and sell at around 1.27200 (the neckline of the double top pattern)

I will post a tutorial on hedging very soon.

EURGBP has reached the blue line (short time resistance trend) and if you don't plan on holding your positions over the weekend, its better to get out now, or set your trailing stop 5 pips behind the current price, and check back on it one or two hours before the market closing time and close your positions then.

Sorry for being late to the party guys, I had some personal problems, but I will be online in two hours to share the charts I have analyzed. I hope all of you have studied the hedging and martingale methods and are ready to use them on this weeks trades. If not, go and study them right now.

See you in two hours.

This is how I see the Gold chart. as you can see its very close to the buttom of its channel on 8hour chart.

if you look closer, you can see that its trying to touch the buttom of the channel, so the price will probably fall to around 1238.00 very soon

today I want to talk to you about trends and patterns..

most of my trades are based on either a pattern which is forming on the chart in front of me, or a pattern that has formed before and I want to trade the break out of it.
also, I like to use the opportunity of trading swing highs and swing lows as safely as possible, so I always keep an eye on all trends on my chart. broken or not, I like to have them around all the time in a separate window, just so I can adjust my targets and stop losses accordingly.

I need to show you guys an example, so you can better understand how this works.. so I'll send a pic in the next post, and then explain the logic behind how I trade small movements (less than 30 pips)

This is the GBPUSD chart which I analyzed about a week ago I think.. as you can see, I was following a series of triangle patterns on the 30 min and 1 hour chart. but there is more to it than that...

this is the exact same chart but its for today. I'm gonna explain the blue lines in the next post.

I always try having my trend line on a separate windows ready to take a look at them when I want to go in for a new trade. why? its simple, because the trend lines (even short time trend lines) can help me calibrate my trades based on recent movements of the price.

for example, as you can see on the old chart of GBPUSD, I was expecting the price to move down, because I was solely fixated on the pattern. if you only look at the pattern itself, it can easily fool you into making the wrong trade and lose money, because patterns (specially a pattern like triangle) have this ability of adjusting themselves slightly with more movements of the price.

like in the old chart, where I thought the triangle pattern is in its 5th wave and expected it to break out on the sixth wave and move down, it was actually already on its 4th wave and ready to break out and move upward.

if I had my trend lines in place (the blue lines in the new chart) I could have easily seen that the price was between two acending trends so I would probably want to go in with a buy order rather than trying to sell a trend going positive!

also, as soon as priced moved above the short time decending trend (the line from the double top looking pattern) I would immediately go in with another buy order and set the target of it under the other decending trend line. (as you can see in the pic, that would have been another winning trade)

and now that the price has reached the target of triangle pattern, I again look at the trends I have, and try to trade either break outs or reversal...

like right at this moment, the EURUSD chart is at a great situation for a reversal, since the market has exhusted itself (as we can see from the long shadow bullish candle) and there is a high chance of the price reversing down again.


I might wait for the london market to open to go in for it tho.



anyways, to sum it all up... always keep an eye on your trend lines, even when they break I still believe they can be helpful for finding the more importnt resistance/support lines, which can help with the adjustment of your take profits or stop losses.


I hope this helps you guys. if you had any questions, feel free to contact me (my ID is in the channel's description)

good luck ;)

EURUSD - Price hitting an important resistance line - watch for signs of possible reversal or break through.

as I predicted, the EURUSD made a great reversal move down.. I hope you guys managed to get your trades in before the big move.

USDCAD has broken its daily channel and is going down, its better if you only go in for sell trades on lower timeframes (5 and 15 min charts)

I had a great time today with Euro charts. specially EURUSD. two 85 pip moves in less than 3 hours!

Gold is in a very interesting place. I'm gambling on the price falling at least to 1250.00 and at the most to 1248.00 for now. but it might break the old decending trend and move up as well.

GBPUSD - Seems like Pound is making a comeback! it broke through 1.29000 so I expect it to move up towards the 1.34300 resistance line, where it will meet its long time decending trend,

in the meantime, don't try to sell pound on the 5min or 1 hour charts. try to get in on buy setups only.

I closed part of my positions on gold at 1249.2 since it broke both trend lines I had on it. I still believe it will fall further down, but I will wait for a pullback and get in on it again 😁

do any of you guys even pay attention to my signals? cause if you don't I can stop this minute by minute reports and just stick to putting up charts I analyze every day..
I might put up a poll about this 😂

Gold made a crazy fall! I hope you guys were in with me 😊

gold seems to be on its way to touch the buttom of its channel! 1240.00 or 1241.00 seems to be its target for the next 24 hours!

but its a wild ride, so don't go in heavy with the volumes. and always keep your 1:3 risk to reward ratio in place.