Good day traders, In this article I am going to show you and explain you some trades and trading setups which I took last week. All of them are 60 seconds FX trades. Let’s see my trades. I made a small deposit last week and I doubled my account in about 30 minutes with these […]
There were two nice examples of confluence between these two indicators this morning in NQ. At the LHS price breaks the first five-minute bottom just after breaking the Kumo, which is just after the MACD crossover. In general MACD crossovers are great signals at Kumo breaks. Typically I wait for both price and MACD to […]
Like last Monday, I decided to trade some 60-second options. I explained my basic strategy (as it currently stands) when it comes to this form of trading in my first post on the matter here. For 60-second options posts, I do my commentary a bit differently than usual. Due to the higher than normal volume of […]
On Friday, I began trading the EUR/USD around 5AM EST and ended up with two solid trades. The USD/CHF, my usual mainstay, was very choppy and inconducive to trading for me personally (see below screenshot), so I simply decided to switch to the EUR/USD, which seemed a lot friendlier. The EUR/USD market appeared very straightforward […]
I ended up finding and taking a trade right off the bat on the USD/CHF. The market had just formed an area of support at 0.92071 and was re-testing it again on the 2:25 (EST) candlestick. I took a call option at the re-touch of the level on the 2:30 candle and saw it progressively […]
Hi traders, Many of you have questions about how to use a moving average or an expontetial moving average or which setting are the right.For the first part of the question I have answers. For the second part of the question, as I have said in some comments there is nothing standard about it. You […]
I began watching the USD/CHF a little before 12AM EST. I gave it only marginal attention for the first couple hours as very little volume was in the market and I was basically just waiting for it to make a move. In terms of price levels, I had the daily pivot level of 0.92633 available, […]
Dashed lines are the top and bottom of the first five-minute open range for the NY session. At about 9:45 price moves with incentive to the range top & Kumo top, coincident with extended momentum. The next candle is a nice stall Doji followed by a decent down candle confirmed by a rejection of extended […]
The first five minutes of the NY session is an incentive move down, taking momentum from strong positive to strong negative. Followed by a stall at roughly 1/2 back and an incentive entry at the close of the next candle coincident with a rejection of the momentum indicator (cci) zero line. Expectation is to […]
I started watching the USD/CHF at around midnight EST. Immediately the first price level that jumped out at me was the 61.8% Fibonacci retracement. This was the major 61.8% Fib (relevant to the price move 0.70675-1.06387) that has been showing up on a regular basis in the USD/CHF. In fact, this was the eighth consecutive […]