Michael_Harding

Michael_Harding

Taking a look at the daily timeframe, price action continues to trend lower in the bearish channel. In the event we get another daily candle that closes below the last, I would expect to see further downward momentum towards 55,000, and then 52,000. Stochastics is overbought and RSI is holding below 50. These are 2 additional technical confirmations that this...

05:41

Michael_Harding

This is such as simple strategy that anyone should be able to perform. Just wait for the 8:am EST candle to close - whatever color it is will point the direction to trade. Use a profit target of 100 point and a stop loss of 100 points. If you get stopped out, the next day, double up. Avoid trading Wednesday's for best performance. That's it - That's all Trade Safe

05:02

Michael_Harding

Today I'm explaining a very simple strategy that I use for trading US30 during the NY session. Basically just wait for the 8:am EST candle to close Once the candle closes, if it's red, you would enter a sell position with a 100 point profit target with a stop loss at 100 points as well. If it's green, enter a long position with a 100 point profit target and 100...

02:08

Michael_Harding

Following the U-shape reversal on the 15 minute timeframe we had pullback to the 38.2% Fib level followed by a bounce to the upside. This indicates further upside is likely and I would suspect another leg up as the same size as the U-Shape reversal impulse. That's it - That's all Trade Safe.

03:02

Michael_Harding

This is video number 3 of 3. Watch the last two in the links below to gain insights on how I trade economic reports such as the Australian CPI That's it - That's all Trade Safe

01:59

Michael_Harding

In this video I explain how to wait for the bullish momentum to stall out to then consider some short selling scalp trades targeting on 10-20 pips. That's it - That's all Trade Safe

06:21

Michael_Harding

At 9:30pm EST we have Australia reporting CPI data and in this video I have plotted out some areas of interest that I would consider selling Aussie provided we get strong bullish momentum following the reports. The sells are intended to only be scalp trades with small targets of only 10-20 pips depending on the pair.

02:39

Michael_Harding

Taking a look at the daily chart, I am looking to go how. However, I want to see how this instrument trades following tomorrow's PMI data from the US. On my chart I plotted out an AOI level which would be nice to test. If that happens I'll be looking for bearish stalling action on the small timeframes such as the 5 min to scalp a long entry. That's it - That's...

04:22

Michael_Harding

Taking a look at Gold metals, we had quite the correction in the past 24 hours so I'm now looking to bottoming action to scalp trade on the small timesframes. This video explains a quick in and out strategy that I use when bottoming or topping action has been detected. Little by little with small scalps actually yeilds greater profit in a shorter period of time...

03:24

Michael_Harding

So I've been getting some questions from some of my students and followers regarding what are some low risk pairs to trade this week. The first thing I like to do when deciding on which pair to trade is find the pair that is primarily consolidating on larger timeframes such as the daily. After spotting a consolidating pair, I then want to decide which side I...

Michael_Harding

Taking a look at the 15 min timeframe, price action is beginning to show signs of bottoming action. I'm now waiting for break above the descending resistance in this bearish channel to consider a long position. That's it - That's all Trade Safe

Michael_Harding

Taking a look at the 4hr timeframe, price action is now testing the ascending trendline. My suggestion here is to close the shorts and wait breakout confirmation with a candle closing below this rising support. That's it - That's all Trade Safe

Michael_Harding

Look to only short on the small timeframes such as the 15 minute. Price action is currently trading in a descending channel from strong rejection as pointed out on the chart. That's it - That's all Trade Safe

Michael_Harding

Simple observation taking a look at Aussie pairs across the board. Bearish price action is strong to the downside. For that reason, I expect bearish continuation for this upcoming week. On Wedneday Australia reports Employment Change for March. The forecast is for only 7.2k new jobs. This may cause unexpected price action following the report as there's lots of...

Michael_Harding

Observing the daily price action with BTCUSD, I'm waiting for a pullback to the approx 50% level of the current range to consider a short scalp position. All trades are indended to start as a scalp and then transition into position management to maximize gains. My deciding factor for holding the short will depend on the momentum at the given time. Scaling down...

Michael_Harding

Waiting for a drop back down to the 1.64 handle to go long with a target at the 50% pivot zone of the current range. This will be a 4:1 risk to reward setup. Stop loss will be just below the last candle with a buffer. Trade Safe - Trade Well All the Best

Michael_Harding

Taking a look at the 4hr chart, price action stalled out at the 50% zone leaving 100 pip risk/reward (however you look at it) in either direction to the support and resistance levels I chalked up. The most important technical indicator that I'm paying attention to is the fact that we are still getting red arrows on this timeframe. Once we get a green arrow, I'll...

Michael_Harding

== KEY TAKEWAYS == + There were four-month lows for the pound sterling relative to the US dollar. + It appears that GBP/USD will be vulnerable coming up to UK inflation week. + The pound sterling maintains its bearish technical indication target at 1.2400. The US dollar (USD) continued to lose ground against the pound sterling (GBP), causing the GBP/USD...