The pa still favours the bears. However, there may be some sideways trading at the next 4-hour/daily support zone.

EURUSD

Earlier today I took a bearish trade on the GBPAUD. My stop loss was hit. I later realized that I had been wrong because I failed to study the market structure and context. Generally, GA has been bullish for a while and any corrective pa has been ...

Success Guaranteed - Simply Trade Better

The beginning of another trading week brings with it the usual challenge to trade better and get good results. Lessons learnt last week or recently would come handy in this process. Last week, I have taken much of the time to learn how to better ...

What Would You Do Differently Today for Better Trading Results?

The GA market structure favors the bull. On the 4-hour tf, the bullish candles have been big and the corrective bearish candles have been very small for a long while. Much likely the bulls will still have their way this week. Besides, the alignment ...

Trap the Market

My stop loss was hit. The WPP aligned with the immediate 4-hour support level and pa turned from it to the north. I'll wait to see what happens to pa at the next 4-hour resistance. KP

Trap the Market

GA has rejected the DPP and testing the WPP. The RSI on all relevant HTFs, 4-hourly, daily and weekly is southwards; GA is bearish and the nearest significant barrier southward is around 1.98690s. Going short on GA. See attached charts. ...

Trap the Market

I am still bearish on EU. Imho, any northward move is likely to be a correction towards the immediate 4-hour tf resistance zone. Trade safe. KP

EURUSD

There is no clarity on GU atm. Pa is flat - sideways - on both the daily and weekly tfs. Trade safe, wait for clarity. KP

Cable Update (GBPUSD)

GA weekly chart attached. image

Trap the Market

Last week, bears managed to push GA down from a significant resistance zone. Although the 4-hour tf indicates a disposition southwards, the outlook is still unclear on the daily chart, and both the weekly and monthly tfs tend northwards. Imho, the ...

Trap the Market

For the current week, I am still disposed towards a bearish AU and a bearish EU. However, both still have room for price correction at least towards the immediate resistance on the 4-hour chart. KP

Success Guaranteed - Simply Trade Better

A trader, whether big or small, like me, needs to know what to do in the market not argue about and show expertise on why the market is the way it is.

EURUSD

Stay on topic. He didn't say that was the reason but how to know what to do as a trader. Lol

EURUSD

If any trader feels tempted to long EU except for a small tp should be aware that the outlook on EU is still bearish. Imho, any upward move is likely a retest of the big bearish fall from around 1.1285. Trade well, trade safe. KP image

EURUSD

The outlook on EU is still bearish. Imho any northern move will be to test the bearish fall from around 1.1285 on the 4-hour chart. KP See attachment: image

Trap the Market

Agreed. Ability to read and interpret the charts etc is key.

TRD

Except for today being a Friday, news would only have temporary impact against the major market direction except it is in line with it. Any news that turns pa against the major market direction during other days of the week will not have lasting ...

Cable Update (GBPUSD)

Good for candour. It's one of those things we all need in this business. To say: I made a mistake.

EURUSD

The primary outlook on EU has been bearish and was just reinforced by the USD fundamentals.

EURUSD

Thanks, mate. Lol

Cable Update (GBPUSD)