Patrick's Outlook 7/14/21
Patrick put a short order out for AUD/CHF due to the daily being in a grinding downtrend and recently showing a sharp momentum further to the downside. The bounce had been hesitant and the 4hr was showing consolidation and buyers didn't seem convinced to get into the market.
AUD/CHF - Daily pullback with 4hr breakdown trigger
SELL STOP: 0.682, SL: 0.68675, TP: 1/2 off at previous 4hr pivot (~0.6797);
Trail remainder on daily price action (daily bar-by-bar if momentum shows or on significant pivots).
Patrick's Trade 7/19/21
Patrick took 1/2 of his position off as seen below.
He decided to hold for a bit more than the originally intended target because price was showing such nice follow through to the downside.He trailed the remaining 1/2 on the daily bar-by-bar. So hypothetically if each day were to close like these do, he would just trail his stop to a few pips above each day's high.
With markets beginning to a volatile start on Covid fears, by the end of the week markets seemed to calm down to a steady recovery. The CAD performed the best rising in recovery in risk, but also on rising oil prices. The Euro had the most notable event of the week due to the monetary […]
7/23/2021 This week, me and Nick caught a crazy move on the SPX500 that we are currently still in at the time of writing this. This one move has netted us around 1,500 pips in equity. We haven't closed, so this number will not be the same when the trade is over, but this article […]
Is it possible to flip an account in a short period of time? Yes, It is theoretically possible. Is it likely? Not really.Unfortunately, flipping a small amount of money in a short period is risky and usually won't go your way. While still possible, this method of trading is more like gambling than trading. Let's pretend you […]
7/22/2021 The past couple months haven't been too good for the crypto market, in fact, the market saw a $90 billion loss since May. If you have kept up with the activity on Elon Musk's account, you might have seen how the majority of his tweets about dogecoin or bitcoin have greatly influenced the price […]