CASE FOR NEW TRENDING BULL MARKET!
1. We had a 5 in a row bullish daily candle close which hasn't happen since early Feb
2 .This happens all the time when daily RSI is above 70! See late jan - early feb trending rally.
3. DXY is about to break its major support levels
Currently only long 0.5 lots with a stop loss under $1270. low risk for me
1. We had a 5 in a row bullish daily candle close which hasn't happen since early Feb
2 .This happens all the time when daily RSI is above 70! See late jan - early feb trending rally.
3. DXY is about to break its major support levels
Currently only long 0.5 lots with a stop loss under $1270. low risk for me
Commentaire:
1.5 lot long
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top is $1325. will take a week to get there if we break $1285
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3.5 lots long
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top range is $1320-1325
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This bull could end on the 6th of may after nfp next week!
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9th may is a monday, so its unlikely
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buy stop all set. buying up till 1300.
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These trending market moves only happen a handful of times a year, this is it and the top will be $1320-1325 before any major correction. i will short at those prices.
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I will short on 9th may or short at 1320-1325 whichever comes first! ;)
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5.5 lots long ;)
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7 lots now, my gold is to have 10 lots all with break even stop loss ;)
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tp1 is 1308, i will close 50% trades
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tp1 *1307 (correction)
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i closed some profits on fri, got 3.5 lots left. i will hold until end of friday. big floating profit atm. around 4k aud
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if will only short at 1325 if i see some resistive action on gold, if not i might hold 50% until 1340 then 1375-1380
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partial close + manual trailing sl at 1287
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still holding around 4 lots, might cut it down to 3. depends on the movement tonight.
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I expect a 2-3 week rally. this has occured countless tmes in the past few years. the tricky part is to determine if this rally is 2 or 3 weeks.
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got out of my longs
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now trading the range from 1285 to 1300
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long from 1284, tp1 1296, tp2 1300
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im on vacation for the whole of may, will only be posting trade ideas maybe once a week. won tbe active much.
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Sl hit. Looka bearish now. Too late to short. This might be bearish until fri nfp. Will stay out until thurs or fr
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potential bottom is at 1260 for trend channel h4. if this breaks look at 1243. these two prices i will long with $3-4 dolalr sL good luck.
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1275 seems like a good bottom but becareful, use tight sl
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can still go lower according to h4 charts but its possible this can be the bottom if nfp is negative
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tp 1323-1325