PropTrader's Blog
PropTrader has published strategy SMA0219
Strategy logical is based on Sample moving average cross, I use
indicator SMA 8 , 20 and 100 SMA indicators. the strategy is working
on time frame 30 minutes. For Stop loses I set it on -25 points, Take
profit I set it o +50 points. The trade is open when the cross is
happen between SMA 8 and SMA 20, for buy order SMA 8 > SMA 20 and SMA
100 < SMA 20 for selling The SMA 8 < SMA 20 and SMA 100 > SMA 20.
indicator SMA 8 , 20 and 100 SMA indicators. the strategy is working
on time frame 30 minutes. For Stop loses I set it on -25 points, Take
profit I set it o +50 points. The trade is open when the cross is
happen between SMA 8 and SMA 20, for buy order SMA 8 > SMA 20 and SMA
100 < SMA 20 for selling The SMA 8 < SMA 20 and SMA 100 > SMA 20.
Pound needs an answer to the brexit timetable question
Pound needs an answer to the brexit timetable question
Sterling has had a good upward movement last month after EU revised financial offer as trader beat that talk move forward, since financial offer published in media the GBP move higher against all currency . A positive outcome for today meeting, and recommendation on December, will see GBP go higher again. Disappointment can cause a bug reversal and make GBP vulnerable at current level.
Sterling has had a good upward movement last month after EU revised financial offer as trader beat that talk move forward, since financial offer published in media the GBP move higher against all currency . A positive outcome for today meeting, and recommendation on December, will see GBP go higher again. Disappointment can cause a bug reversal and make GBP vulnerable at current level.
Bearish outlook for AUDNZD below 1.1000
The pair fail again to break the daily resistance line 1.3000. Since than price action continue to show a true lower movement, on the fourth hour chart we can see the development of the lower highs and lower lows. Stop can be placed above the November swing high at 1.1171.
Possible long trade setup on EURGBP
Possible long trade setup on EURGBP, after break of the trend price came back to retest it, and this would be a good place to go long with stop lose just below the the trend,
LONG AUDNZD WITH TARGET +100 PIPS
THIS IS A POSSIBLE LONG ORDER ON AUDNZD FROM 1.1069 WITH TARGET 12.64 +100 PIPS
GOOD LUCK.
GOOD LUCK.
The USDJPY find strong resistance at 114.52
The USDJPY find strong resistance at 114.52, we may see more downside as correction move, waiting for december FED rate hike decision.
USDJPY has been following the US S&P 500 closely since the start of November.
USDJPY has been following the US S&P 500 closely since the start of November.
Possible bullish move on GBPUSD
As we can see on chart GBPUSD hit strong support at 1,3055 and push for more upward movement to hit the first resistance at 1,3226