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The Average Trader

The Ups & Downs Of An Average Trader

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Daily Breakdowns
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Weekly Breakdowns

setups and breakdowns

October 2017
September 2017

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Monthly - . - Price has not had any monthly pull back since april 2017, last month we saw our first reversal candle stick formation signalling we could see further bearish momentum. Huge bearish engulfing candle. . Weekly - . - Weekly moving averages are down, we have also see price break our weekly bullish structure supporting our idea taken from the monthly timeframe. Last weeks candle closure was rejected from our 8ema and managed to close below a major support level 130. . Daily - . - Price structure is clearly forming LH, LL. Fridays daily closure was a spinning top just below our broken support level of 130. Today i believe we are seeing price retest broken structural lows before continuing to my overall target of 128. . Entry - . We can see how price has taken out our previous days highs. Stop hunting. H1 structure is still being maintained finding resistance at last lower swing high which also aligns with a key reversal level on a H4 pull back. Thirds bounce TL, Aggressive entry has been taken and remaining position size will be entered once M30 bull structure is broken - #swingtrading #technical-analysis #charts #forextrading #fxtrader #daytrading #forexprofit #millionairemindset #technicalanalysis #swingtrading #luxurylifestyle #forexhelp #stockmarket #millionaire #successful #stocks #trading #motivated #wallstreet #everythingfx

As mentioned on my other posts, I will be taking some profits around 129.00. Next downside target will be 128 if we can see price sustain below broken support 130.00 - #swingtrading #technical-analysis #charts #forextrading #fxtrader #daytrading #forexprofit #millionairemindset #technicalanalysis #swingtrading #luxurylifestyle #forexhelp #stockmarket #millionaire #successful #stocks #trading #motivated #wallstreet #everythingfx

EURJPY intraday setup. Looking for a push to break and make new lows. - Let's see how this plays out..... - #swingtrading #technical-analysis #charts #forextrading #fxtrader #daytrading #forexprofit #millionairemindset #technicalanalysis #swingtrading #luxurylifestyle #forexhelp #stockmarket #millionaire #successful #stocks #trading #motivated #wallstreet #everythingfx

EURJPY - in play, price has now entered my zone. First entry was aggressive but major confluences supporting my bias - If m30 bull structure continues to break and we see a close below our support and CTL, this would confirm to me we are about to continue on our next leg down. - - if we can see price express it's self like image 3, I will look for pull the trigger again. TP targets are found from fib extensions and major levels. Once we have seen m30 structure broken my stops will be moved to 131.800 #swingtrading #technical-analysis #charts #forextrading #fxtrader #daytrading #forexprofit #millionairemindset #technicalanalysis #swingtrading #luxurylifestyle #forexhelp #stockmarket #millionaire #successful #stocks #trading #motivated #wallstreet #everythingfx

EURJPY - Monthly : - We are looking extremely bullish on this timeframe, although last months candle closure was strong bearish formation signalling we could see some more bearish price action - Weekly : - On the weekly timeframe we can see a clearer picture of last months candle closure. Weekly bullish price structure has been broken an we can expect price to reverse and push further to the downside. We can see how since may 2017 we have been in a strong bullish market, this could now be reversing and the bears taken back control. Weekly EMA crossed to the downside, we are also sitting below some major resistance. As long as we can see price stay below 132. we can expect price to keep pushing to the downside, next target being 128. Last weeks candle closure was in fact a bearish reversal signal, confirming 132. as resistance. - Daily : - Moving averages are down, price structure is confirming our higher time frame bias, bearish. Last week saw price make a pull back to test 132 which we respected and reversed from. Today i believe we are seeing price make a new LH structure in this new leg down - Entry : - Waiting for price to come into my reversal region which will be 131.235 which aligns with a Fib reversal zone. Waiting for structure to support over bias on LTF - #swingtrading #technical-analysis #charts #forextrading #fxtrader #daytrading #forexprofit #millionairemindset #technicalanalysis #swingtrading #luxurylifestyle #forexhelp #stockmarket #millionaire #successful #stocks #trading #motivated #wallstreet #everythingfx

ZECUSD before - let's see how this plays out. I Will be looking to introduce two cryptos into my trading, ZCHASH being one and XRP being the other. Using the same principles and strategies......#swingtrading #technical-analysis #charts #forextrading #fxtrader #daytrading #forexprofit #millionairemindset #technicalanalysis #swingtrading #luxurylifestyle #forexhelp #stockmarket #millionaire #successful #stocks #trading #motivated #wallstreet #everythingfx

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GJ Trade Taken 25.01.17

Short has been placed on GJ, we have seen price stall at weekly midrange after creating new highs and completing extension of FIB. Daily closure on Friday was an engulfing candle. This morning we saw price find resistance at 61.8. Entry has been taken of H1 candle formation

Entry : 151.7

SL : 152.513

TP 150.109

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Posted on September 25, 2017September 26, 2017Author theaveragetraderCategories Trade Journal

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