I intend to confuse you with this chart. Have a look at EURUSD daily chart. I am looking at two potential targets. First is the completion of ABCD formation at around 1.4040 level, and second will be the completion of Bearish Butterfly formation at around 1.4187. Well, in the perfect formation, ABCD should be part of Bearish Butterfly formation, let’s see.
Seeking the harmony within.
Now, let’s get confused with the CHART.
It has been a messy week so far, I just can’t see any valuable entry. Probably, I will just take the week off. Anyway, $EURUSD has been notoriously bullish lately, with now, the upside target, I am looking at potentially 1.3770 area which is also the completion of ABCD formation.
The short term market is just getting me confused, so I have been watching bigger time frame for a better, clearer picture. Oh, whatever…
Shoot me a comment if you find the ABCD formation is invalid.
Here is the CHART!
I thought this is an excellent talk. I am not going to describe too much, but just watch it. Maybe in short, when it comes to $$, you are just as good as monkey.
Enjoy!
Some of you might have already watched this. But this is so funny. I thought it is worth sharing here ahead of weekend.
Enjoy!
This is the trading idea that I tweeted during early Tuesday Asian morning. I am looking at short opportunity. $EURCAD failed to go through 1.35, which is also previous week’s high. It appears to me that price is struggling around this area. Well, let’s see. You know, I can be very wrong, sometimes. :-). Anyway, should EURCAD start to fall, I am looking at 1.34 level as first target.
Here is the CHART!
This is a short trading lesson from Bella (@smbcapital), the author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley Trading)
(I highly recommend the book). Trading is a skill. “The answer is, you develop your trading skill day by day”. Excellent point. Watch this after you have summarized your trading week.
