It does to consistently do it. But because TradingView has just implemented an awesome new feature, the video idea, I thought I would publish a new idea to see how it works. Its a simple idea on the Ninja based on confluence with a nice risk-to-reward.
Check out the spoken commentary for further details and let me know what you think of the This strengthened the Pound while bad US retail and ppi data weakened the Dollar. Not all data was good for the Pound last week, as the latest cpi numbers an In 8 hours we will witness the perhaps most anticipated news event in Forex of so far. The FED will communicate their rate decision, accompanied by a written statement, economic projections and a press conference.
The Dollar is fundamentally the strongest currency due to the expectation of a rate hike this year. This sets it apart from currencies like the The Fibre had a bullish week, printing a green candle every day for a total gain of pips. Not only the Fibre was bullish, The Cable dropped pips last week and over pips!
Go online and connect with other traders, ask the right questions keyword: Joining TradingView is the best decision I made by far since I started trading. Social networks add value and my trading has improved a lot by being exposed to different ways to trade and by being able to see what works and what does not. But never trust a trader Last week the dollar weakened prior to FOMC, helping the Cable rise during the first three days of the week.
In the FOMC statement on Wednesday the FED referred to solid job creation and said there will be an increase in interest rates following 'some further' Last week this major went up a total of pips, gaining ground for a third week in a row and reaching highs not seen since On Monday three US data points came out better than expected including the high impact ism manufacturing pmi resulting in a pip rally.
Tuesday we saw overall dollar weakness while commodities like gold and oil rallied. Last week the Greenback opened bullish on the back of the prior Fridays better-than-expected core cpi readings and strengthened throughout the week.
On Tuesday it made strong gains as core durable goods, consumer confidence and new home sales all beat expectations. These positive readings reinforced dollar strength. Last week the dollar finally traded in line with fundamentals again, with the Dollar Index gaining four out of five days.
There had been a strong bearish sentiment surrounding the dollar for the last couple of weeks, helped by key data points coming out unfavourably and when a currency is fundamentally bullish, but sentiment-wise bearish, the result is choppy Four out of five days the price for the Fiber advanced last week, for a total of pips, printing a higher high in a string of consecutive higher highs and higher lows since it came off its low over a month ago.
Ever since the FED went data dependent, there is a lot of volatility in this pair around the release of US data items. The bearish sentiment on the The chat provides a more instant way to share views by posting quick charts of trade ideas in real time.
After a quick spike down, price started to rally a staggering pips in the following two days, since the cut had been anticipated and the statement mentioning improved demand, high employment and inflation in line with goals was perceived as One of the highlights of last week was the UK general election.
The cable remained remarkably resilient and even rallied over pips prior to the elections, as a result of the dollar weakening and the UK services pmi coming in better than expected.
On the day of the elections itself, it dropped almost pips, due to the uncertainty of there potentially being Stop losses aim to end a trade when the market goes so far in the opposite direction, that the trade idea no longer makes sense. Ideally, they get hit on bad trades only and not on good trades. The area between entry point and stop loss is a zone where the trade is at a loss, but can still recover.
This is not an invalidation of the I thought I would try another one after publishing an idea on the 4H timeframe, this time I looked at the daily for BTC.
You can find the link to the 4H chart under Related Ideas. The currency traded inside a bearish parallel channel for days, The digital currency has been trading in a bearish parallel channel on the 4H timeframe for over 18 days and has just tested the upper trend line. Since April 6th is has been printing lower highs consecutively, indicating its clearly bearish on this timeframe. Price touched the Fibonacci retracement of the swing low that started on April 6th and seems ready Last week started with a move lower for this pair as the Chinese trade balance was showing a much lower than expected reading.
The market anticipated a negative effect on the Australian economy by this Chinese slowdown. Later in the week the pair recovered after some very good Australian employment data caused the market to change its view on an RBA rate cut in About me Novice trader, realising it takes absolutely no skill at all to place a winning trade.
Less Tags Show All Tags. Its been a while since I last published something. Show More Ideas 1 2 3 4 5. Message Follow Following Unfollow. From the creators of MultiCharts. Select market data provided by ICE Data services.More...