The freedom to work, the nomadic lifestyle, the level of income some day traders achieve is just mind blowing. But let’s be clear, very few traders make it. The reasons? Not the ones we think. Finding a system to trade is not that difficult, but what is much more difficult, is getting the right mindset. …
The pair has printed a nice pin bar on resistance at 0.7382, with a nice bearish candle behind it. I’m putting a retracement sell limit on AUDUSD with a stop above previous high. Take profit at 0.7240 giving us a R:R above 2. The analysis and entry are made on the 4H chart.
The Gold trade from last week looks pretty good with very solid bullish momentum. The target is around 1282, giving us a three to one prospect in terms of R:R.
Going long GBPUSD this morning, pair is trending up and risk can be kept low at latest fractal.
Another signal, going long CADJPY, good R:R prospect.
I am shorting EIRCAD on a downward trend, price below cloud, EMA slope is down, RSI has bounced, stop at latest fractal.
All of my four trades either hit stop loss or take profit. One trade was a winner (because stop had been trailed, not thanks to T/P) and the other three were losers.
Short signal on GBPJPY, EMA trending down, stop at fractal.
The short trade on CADJPY is looking good, we are targeting the support area and stop has been trailed to B/E.
Long signal on EURNZD