Looks like there was a huge dump from the F2 mining pool in China. That's what I'm seeing online. Are you short scalping? That would work but if you're shorting for a day or longer you could be in trouble. The price will likely go back up very soon.

Bitcoin (BTCUSD)

Update: As I write this the 1 hour and 4 hour charts are fully bullish and the daily chart is starting to turn bullish again.

EURUSD

The larger time frames are not bearish. This type of comment could throw off inexperienced traders and force them into bad trades, or worse, a lot of traders could end up getting margin calls. The 4hour, daily and weekly charts are all moving ...

EURUSD

Oh I know I don't usually use stops. I read about flash crashes before it seems scary.

Cable Update (GBPUSD)

Yeah I would hate it if I were trying to place a trade and then a flash crash happened. I don't know if those happen sometimes on purpose due to brokers trying to stop out scalpers, but I think it's very possible. I know brokers make a ton of money ...

Cable Update (GBPUSD)

Just trying to help out with a simple exchange of ideas :-)

Cable Update (GBPUSD)

Wait for it to see if it breaks out clearly.....if not its just market correction, a fakeout or indecision.

EURUSD only

I agree you have to find a method you like. When I came to this site in 2009 it seemed like most were days traders and scalpers. Now in 2021 it seems like most here are still day traders and scalpers. I don't see a problem with that at all. ...

Cable Update (GBPUSD)

For anyone who follows me here: I urge caution when browsing this site and taking trading advice. It is rare to find a balanced, unemotional trader who can see both sides of the market equally. For those interested in my trading strategy, I lost my ...

Desert Island Trading Journal

This pair is undecided right now. It's trying to find its way with the other pairs it correlates with. No clear breakout to either side yet. I still say its going high

Cable Update (GBPUSD)

Oh well then you can do whatever you want LOL. Nothing wrong with scalping.

Cable Update (GBPUSD)

As long as you're not over leveraged on a high value per pip trade, you should be fine. Are you a day, swing, or position trader? Once I had a massively leveraged trade that was $75 per pip. I literally sat and stared at the screen for 30 minutes ...

Cable Update (GBPUSD)

Below 1.435 is a reasonable analysis. Your stop loss target is good too.

Cable Update (GBPUSD)

Agreed! The market is a living, breathing, organic entity, very dynamic. I'm looking long but everytime you see a pattern or technical or fundamental indicator, someone else is on the other side saying the opposite. The way this pair is moving right ...

EURUSD

1.45 on a swing trade basis.....not as a day trader :-). But my call for a double bottom and a cup w handle could also be the opposite. Could be a double or triple top forming, in which case it would go down instead. My bias is long right now.

Cable Update (GBPUSD)

Hahahaha agreed! Your chart is showing the same thing as mine. Nice triangle to illustrate the breakout! Where do you think the price is going this year? $100000 seems small now. I'm looking at $200000 or $300000 now. Like you said to the moon

Bitcoin (BTCUSD)

Everyone watch as it breaks high. That's my call. Maybe I'm wrong but I'm looking for it to go to 1.45.

Cable Update (GBPUSD)

Are you starting with the monthly and weekly time frames for your analysis? I'm a swing trader also and I just looked at all time frames using metatrader. The monthly has a recent double bottom pattern, and I also see a cup with handle pattern. ...

EURUSD

For those studying chart patterns as the price keeps breaking higher: Almost a quadruple bottom on the daily chart, then the price went straight up. Then looking at the monthly, going back to 2017, a triple bottom. The price has gone straight up. ...

Bitcoin (BTCUSD)

Any thoughts on this chart pattern? The Monthly chart is showing a "double bottom," and it could also be a "cup with handle" pattern. These patterns on the monthly chart are some of the most powerful indicators you will see. Bullish indication is ...

Cable Update (GBPUSD)