Double top pattern – EURCHF
Double top pattern in the 15 minute chart with the EURCHF forex pair so I shorted it at 15202.. I have a 50 pip trailing stop. As you can see the red line shows the resistance.
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Momentum and Psychology Trading
I was looking at triggers for a trading strategy and asked AI to give me some ideas.. here's what it said Here are several potential trading trigger ideas that could capitalize on momentum and market psychology: Failed Double Top/Bottom Pattern When a second peak/trough fails to r
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Dow Strike trading robot results (2 months)
So I've been using the Dow Strike trading robot now for a couple of months and here are the results! 37 days of trading, 34 profitable and 3 losing.. made a total of $12,821.58 on a $100k account.. that's a 12.8% return in 2 months! It's particularly active from the US open and can open up 20-50 tr
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Making £40,000 trading in a few hours (no, not me)
I have an associate, some guy I met online who I talk to about trading... he's an interesting character and one of the best traders that I've ever known. I'd like to say he's a friend as we do share a bit of information about each other besides our interest in trading but I've not met him in person
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More Articles
Left profits on the table – EURUSD
I wasn't quite in the trading mood today, felt rather tired but I went long EURUSD anyway. I was lucky as it shot up 5 mins or so after my entry... I got in at 12532 and got out at 12619 for +87 pips. However, I got out a bit too early as the market continued to shoot up and I am currently seeing prices of 12711.. I have left profits on the table, in fact, 90 odd points I've missed out on... I only have got out half of what I could have taken! Nevermind, a profit is a profi.. especially consider
Small DOW trade – 30 pips
I took a quick scalp trade on the DOW.. I don't tend to like to trade the DOW due to it's volatility but I saw a quick opportunity. The black lines represent resistance lines. The large black slanting line shows the price action breaking out of the downtrend pattern and the horizontal black line, the immediate resistance. As it broke I put on a quick long and rode it up 30 points to take a profit... phew!
