2018 and Bitcoin

Whats the hype with BITCOIN ? Here is a chart my broker offered. And I am willing to Buy at those demand level. Currently the price is crashing down exactly where I want it to be and I expect large buying on that demand level. Perhaps this time it goes towards $60000 in price.

See more trade setup at http://blog.warithu.com/2017/12/30/bitcoin-and-other-fx-instument/

Here how AUDUSD had perform this year.

Happy New Year ALL and may 2018 be a profitable year !!

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Latest Monthly Charts

ALL

Latest monthly charts can be found here http://blog.warithu.com/2017/12/10/monthly-scanning-for-2018/

Currently looking closely on AUDUSD

Extended corrective towards the fresh demand.  Lets keep an eye on the price action that tell us it is a good Long opportunities.

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AUDUSD

I want to do a Top down analysis on the Aussies. Let me show You how I see it.

First, I would like to see where I am on the bigger overview. I prefer the Monthly Chart.

MOnthly

At this point, I have determine where the likelihood of Supply and Demand. By the looks of it, its heading for a bullish move.

Lets refine that into the weekly.

 

Weekly

Notice there are demands and the price recently had bounce of shy on the nearest Demand.

Lets look into the Daily for potential Entry.

This is interesting. A supply with a head and shoulder inverted below it. Conventional technical analysis would indicate a bullish move soon to breakout.

Going into the 4H chart to determine the precise Proximal and Distal specifically. Plan a pending order . Looking below current price, no demand insight and has a potential larger profit margin in this setup.

I will let you all decide the TP and SL. Im sure you can take care of things from here 🙂

A few things I would take to sell this pair.

  1. Conventional Technical shown there will be potential buyers who are willing to buy after a bullish move. ( bull Trap )
  2. I know that the other side of the trade means Buyers are there to accept my sell orders.
  3. I know that Institution and Banks are selling at that supply zone.
  4. There is no fresh demand means least path of resistant in its down move.
  5. Profit margin are large where i can take 1:2 or 1:3 or 1:4
  6. All I need is now the news to push the pair faster towards and away from the supply.

Any thoughts….

 

Happy Hunting…

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The Best Trade ever!

This month alone , I surpass a 3 or 6 months performance or a year’s performance! This is the best trade I ever make in my entire trading experience.

I mean look at this…

700% … speechless… The rest of the month are  just being less trading..I think I trade more this month and focusing it 100% .

Here is the journey of this Trading account…

Started this new account in Feb 2016. Initially, I was doing well… the usual demand supply trade… Then I get very cocky, knowing that I had the experience and didn’t care less about the risk. Poisonous! It was a quick one then decided to use larger position size.

Boom!… back to 0 . Then I didn’t trade for a while.. I trade like randomly and not seldom. Slowly gaining, at times it got loss. 2nd time….then the 3rd time…0. Where is the demand on this huh ?

of course after the 3rd 0, I decided, lets try to focus this slowly and gain momentum and hence, it grew starting this year…and till this month…I was like Bit coin!!!

Now what you normally do when over achieving is to forget what did you achieve so far. These are the times you tend to get greedy, overly confident, Risk free ( irresponsible trading ) and of course dreaming!

It is also the best time to self reflect and what should be avoided. Best remedy, to rest and enjoy. Don’t trade, reset that computer of yours… so you are fresh again to re analyse what is going on and re engage!

Here are the link to today’s Trade. http://blog.warithu.com/2017/10/18/the-yens/  

Be in control! Then the world of financial is yours….to take.

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Long Term Charts

Please find Below Long Term Charts for your reference and Planning.

To Simplify

EURUSD, GBPUSD = SELL

USDCAD, USDJPY = BUY

Other Pairs that might Interest you…

Self Explanatory charts to whom are familiar with Demand and Supply…

 

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