Good day Steemit! 3 charts only for learning purposes! Also - help minnows by helping Minnowbooster (and make money doing that)
Good morning Steemit!
Today instead of posting my charts for the upcoming day, i want to share a few charts from yesterday's second half and early morning today. These charts are one of the finest examples of patterns that you should watch for and learn. I didn't get all of them myself, but consider these as some excellent examples and as good learning material for your future trades.
USDJPY 3 -drive pattern. This pattern is advocated by Dale "ForexStophuner" Pinkert. This is a perfect example - with global indices stretched, this was a no-brainer on smaller timeframes. 3 pushes and a short. For confirmation, look on the higher timeframes, where is the resistance (hint: right here)
EURJPY rounding/curving bottom. This has been building for a while now and it was rounding perfectly. Before selling of, it would have netted you a sexy 100 pips to the upside. Basically you should have entered somewhere in the light blue box.
DAX curving bottom. I did not take this tradeas we are at massive daily resistance area and the curving is not perfect, but it could be felt we were gunning for a stoprun. This could have betted a sweet 100 pts depending on where you got in. Oh well, we cannot get them all.
Stay vigilant for these patterns. Rounding/curving bottoms, where youi can see momentum slowly building are one of my favourites. Nevertheless, even these patterns fail occasionally, so try not to do your arse completely.
Until next time, trade safe everyone!
PS! If you have STEEM POWER to spare, please consider filling some of hungry minnows' lease request on the Minnowbooster Delegated Lease Market. We had nearly 30 lease requests last night waiting to be filled. Thank you!
Also, if you already haven't, check out Minnowbosoter's new "Sell your vote" project, which is a great way to help minnows and look good (read: make money) doing it. Read the official announcment here
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