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Michaelhandsome Trading Journal

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Michaelhandsome

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Hello everyone, allow me to open my trade journal for the first time. Here I will try to give a trading trip to my forum friends. The technique I use is very simple. only a moving average is added to a certain level. I use period 33 moving average with additional levels as resistance and support, the levels are 456,789,1234 (for resistance) and -456, -789, -1234 (for support) functions of these levels are the upper and lower limits of a trend. In this analysis I will use the GOLD pair as an example. Seen when the price touched the support and resistance of MA33 the price swung neatly. I use M30. And for Monday analysis we can do buy orders when correction at 1565-1564 with stop loss at 0 fibo and target at 100 fibo Easy and can be practiced for everyone. 

MA period 33 
Resistance 1 = 456 
Resistant 2 = 789 
Resistant 3 = 1234 

Support 1 = -456 
Support 2 = -789 
Support 3 = -1234 

Gold buy 1565, 
target 1575, 
stop loss 1555 
Intraday M30. thanks.

Linkback: https://www.forex.zone/trading-journal/31/michaelhandsome-trading-journal/2995/
#1 - January 26, 2020, 08:04:11 PM
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Michaelhandsome

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On opening this Monday, GOLD experienced a fairly long GAP around 1587 and was able to break the MA33 level -1234, this condition will be utilized to open sell with a target to close the gap in the price of 1572 or in the middle area of MA33
#2 - January 26, 2020, 11:44:05 PM
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« Last Edit: January 27, 2020, 02:22:02 AM by Admin »

Michaelhandsome

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on the daily GBPUSD 30 minute timeframe pair, the market is currently at support 1 MA 33, which means that buying can be done when M30 closes. it is likely that the price will catch up to resistance 2 the next day in the upper supply area (red box) along with a long engulfing candle, which is our target. 

buy now (1.30200) 
target of 1.31400 
stop loss 1.29800
#3 - January 28, 2020, 10:34:17 AM
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Michaelhandsome

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NZD/JPY is technically forming a narrowing pattern of prices and forming a divergence as shown below. Our job is to wait until the price of 69,800 to buy perfectly and coincides with the support of the two MA 33

Open buy limit at the price of 69,800
Stop loss at 69,300 
Target at 71,100
#4 - February 03, 2020, 09:08:32 AM
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Michaelhandsome

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Pair of AUDUSD H4 chart is technically valid forming a double bottom pattern and confirmed by the RSI divergence, this is our advantage to open long positions with a rather distant target. This double bottom pattern is very strong and is usually used by traders to confirm signals. So therefore for AUDUSD we can focus on buying at the price of 0.66900 - 0.66700 for the target we can place in the horizontal line 0.70026 and stop loss at 0.66500

Buy at the price of 0.66900 
Target at the price of 0.70026 
Stop loss at the price of 0.66500
#5 - February 10, 2020, 07:32:39 AM
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Michaelhandsome

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EURCHF has technically formed a very beautiful AB = CD pattern, ahead of the closing of this weekly trade the price is still moving sideways because market participants will soon end their trading this week. As for the entry area of EURCHF pair, this can be done in the red horizontal area at the price of 1.05600 - 1.05322 for the next week with a long term target in the 1.11600 green box area, and I see this condition is very good for longterm traders who want to try another pair. 

Buy area at the price of 1.05600 
Stop loss area at the price of 1.05000 
The target area is 1.11600
#6 - February 21, 2020, 08:34:31 PM
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