Weekly overview🌪 -
Mainly been a positive week, noticing good trades is beginning to become a habit. Have been quite conservative about going into positions which I think has payed off as I have been over trading recently. However although I made 3 successful trades I still had parts of red in my account due me to leaving my position when range bound, I need to in the future have faith in my strategy and therefore hold my position. -
Have a good weekend guys. Back Monday!💫
4 381:13 AM Feb 9, 2019
I cannot stress this enough.
The number one way to blow your account.
React rather than predict🌪
1 297:17 PM Feb 7, 2019
Made a good trade today 3/3 this week starting to be more confident holding, trades as I have previously been pulling out when it seems to be range bound. Frustrating it only grabbed one order but that’s another 2% today it all adds up.
The trend is your best friend🔑
However I think a reversal is on the cards over next few days.💡
2 242:06 PM Jan 22, 2019
We secured a perfect entry on our GBPAUD analysis today and banked 110 Pips in total, not a bad day at all.
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3 great trades I had spotted today, however due to some very poor mistakes I wasn’t able to capitalise. I also took my first trade with gold today💡
5 303:10 PM Jan 17, 2019
Market Update: We are now starting to enter short positions on the S&P500 index.
We have seen a small recovery from last years sell off on most indexes but the major move has already started. Key support levels have been broken and are now being retested from below.
Economic growth is slowing and Wall Street and the world are talking of a recession in 2019.
From a technical analysis point of view we have a major bullish trendline broken, price is failing to break resistance at 2620 and we have the Fibonacci 0.618 retracement zone acting as a resistance from further upside.
The S&P500 is starting to form a downtrend and it’s only a matter of time before the sell off continues.
2 2212:37 PM Jan 17, 2019
Important parts of any strategy should become second nature eventually MASTER THEM...💡
1 2812:34 AM Jan 17, 2019
A daily fib I’m taking... will post results in the coming days
1 273:45 PM Jan 16, 2019
1st trade of today..:
3 3210:37 AM Jan 16, 2019
Great set of trades today🤩
3 288:02 PM Jan 15, 2019
Haven’t posted results from yesterday as still holding a swing, have a good weekend guys📈🤩
2 4910:55 AM Jan 12, 2019
Perfectly read the setup however taken out by a stop hunt! All part of learning!
1 323:05 PM Jan 10, 2019
Setups shared in our analysis channel have amassed 1,000 Pips in the past 4 trading days! -
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4 2512:01 AM Jan 10, 2019
Trades from today with nice profits. Working hard to steadily improve my account size consistency will come with my work rate 📈🚪
• fibs drawn from wick due to set up on hourly charts •
Trade Analysis of the Kawhi-Derozan trade that went down this summer.
Raptors: The Raptors grade on this trade is A, unless Kawhi leaves in Free agency in this summer which I don’t think he will. They get an A because they really needed to shake things up after consistent losses in the playoffs and not making the finals each season. This was especially displayed when they got swept by Lebron with a subpar Cavs team last season.
Kawhi has helped Toronto with their defense and their scoring from the wing. Kawhi has also fit in well so far with the team and Lowry leading them to a 27-11 record and 2nd in the East.
Spurs: The Spurs get a B- on this trade because they did get a superstar in Derozan when they traded Kawhi. Another pro of this trade for the spurs is that they got rid of Kawhi instead of keeping him and letting him walk in Free agency this upcoming summer. Now for the cons of the trade for the spurs. The Spurs don’t have a great record right now and aren’t contending in my opinion. They tried to get a few extra years of playoffs by getting Derozan, but I think they should have gone the rebuild route instead. Let’s face it, since The spurs don’t have Manu, Duncan, Parker, Kawhi, they aren’t gonna be the same squad anymore that can’t be figured out easily. Like I said before they should have decided to rebuild and acquire a lot of young talent for Kawhi instead of an aging star in Derozan.
Winner: The Winner of this trade is the Raptors because Kawhi has made a tremendous impact on their team and they will make a deep run in the playoffs unlike the spurs.
Like and leave your thoughts below!
A GOOD VS BAD TRADE. Now both of these trades are very profitable but one is a perfect analysis and the other is blind trading. The good ZRX/ 0X and the bad BCH BitcoinCash
As you can see from ZRX chart over the past week we’ve had a solid bounce off the key support level of $0.26. This support level dates back to Sep 2017 where for 12 weeks it consecutively struggled to breakthrough this level. But when it did the we had 5 weeks of uptrend totalling just under 1000% returns. (Yes the bull run of the whole market obviously plays a factor but nonetheless the level of $0.26 is very key here). So when price recently stayed above $0.26 this is a massive green flag to get in on the bounce. Timing it perfect would’ve resulted in a 40% return in just under a week.
Now for BCH BitcoinCash. As you can see from the chart this is the lower the price action goes. Meaning there are no levels or indicators to play off and judge your risk to reward off. The price is in no mans land. Buying here when the bounce started is just chasing (which is never ever good). But yes timing it perfect would’ve resulted in an almost 200% but because of the downside risk this is meaningless.
Whenever you place a trade you have to look for key levels and indicators in order to create a successful plan moving forward.
Never feel bad for missing an “opportunity” like this BCH example but do study the ZRX price action example as this was a great opportunity.
1 169:35 PM Dec 21, 2018
Got stopped out by the stophunt but turned out to be a very successful New York session!🤟🏽 Tomorrow is going to be my last trading day before 2019.