Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

marker

Channel-Trading.com

Recommended Posts

This live Market Profile room is run by Kevin "Huddy" Hudson.

Has anyone experience his MP method or trading room?

And good or bad reviews on this before I take the plunge.

 

The room fairly priced at $79/month or $895 lifetime access to room and weekly training seminars which are $595 for each 4-6 hour seminar to get everyone set-up.

 

Thanks in advance....

Share this post


Link to post
Share on other sites

I found room to be the bore...I had seen more of channel set-ups, than Market Profile set ups. I had seen him taking and closing trades at BE probably 80% of the time at best..There is a reason why room is so inexpensive: after I cancelled it, I kept getting free invites daily..and had no interest to visit even for free. Although, must say, he seems to be a nice guy..as a trader, I was much more profitable, and learned aboslutely nothing. Since then, I had tried and signed for Profile Traders, where I learned daily and see Profits daily on Live DOM..only 2 losses in 2 weeks..it is soo true " You get what you pay for"..

Share this post


Link to post
Share on other sites
I found room to be the bore...I had seen more of channel set-ups, than Market Profile set ups. I had seen him taking and closing trades at BE probably 80% of the time at best..There is a reason why room is so inexpensive: after I cancelled it, I kept getting free invites daily..and had no interest to visit even for free. Although, must say, he seems to be a nice guy..as a trader, I was much more profitable, and learned absolutely nothing. Since then, I had tried and signed for Profile Traders, where I learned daily and see Profits daily on Live DOM..only 2 losses in 2 weeks..it is soo true " You get what you pay for"..

 

Laguna, YOU ARE ABSOLUTELY CORRECT!

He rarely has MP set ups and just uses channel type trades. He kind shoots from the hip....And yes, he is a nice guy, but I am not learning anything...

 

Are you still with Profile Traders? Can you tell me a little more on it? how much is it? and what kind of profits did you see with it?

 

Thanks!

Share this post


Link to post
Share on other sites
Laguna, YOU ARE ABSOLUTELY CORRECT!

He rarely has MP set ups and just uses channel type trades. He kind shoots from the hip....And yes, he is a nice guy, but I am not learning anything...

 

Are you still with Profile Traders? Can you tell me a little more on it? how much is it? and what kind of profits did you see with it?

 

Thanks!

 

Laguna, I second that and would like to know more about your experience with Reza at Profile Traders?

 

Thks

Share this post


Link to post
Share on other sites
Laguna, I second that and would like to know more about your experience with Reza at Profile Traders?

 

Thks

 

today, Huddy, was just taking trades at closing out at 3-4 tics and moving the trailing contract at break even. he did this on most of his trades. he was basically taking a gamble on which way the market would break out when he notices a consolidation area. so when his trade goes 3-4 tics in his favor, he immediately moves to break even on his remaining contracts, and 99% of his trades today stopped out at break even on his trailers. but if the trade immediately goes against him, he will take the full stop out at 3-4 tics. I think i got his method. he does this small gamble on every single trade when he notices consolidation areas. he will take these little profit scalps or stop outs in hopes he will guess correctly and catch that huge runner to offset these little break even stop outs....

 

im not learning anything at all......

Share this post


Link to post
Share on other sites

Hi Guys.. I'm new to TL and just found your thread. Are there any good Market Profile trade rooms that you know of? I found a live trade room that I really like but it's not MP. The trader that hosts the room, TJ, is real good though. He really knows his stuff. Anyway, I would like to learn more about MP if there was a good live room to join but I don't know of any. So far though, the room I discovered and am currently in is proving to be great and I may just wind up staying with it. Wasn't boring, that's for sure! Just thought I'd share..

Share this post


Link to post
Share on other sites

quick update, I spent the whole day 6/1/10 in Huddy's room taking all the trade calls, and I must say, I need to revise my thoughts. It is not boring at all, its called concentrating and getting ready to stalk a trade set-up. All his entries were safe and moved the stop to break even fairly quickly. i originally said it was boring, but I was wrong. i really listened to him to actual see what he was seeing, and all i can is pretty good so far. other rooms talk about non sense, and at times not related to trading, just to fill dead air, not Huddy, its not silence, we are just looking and stalking the set up.....

Share this post


Link to post
Share on other sites

Marker,

 

I do agree with you, have been in the room for 3 days now and I like the way he trades and tries to get safe as quickly as possible. Sometimes he get stop out early and then the trade develops so an extra 2-3 ticks stop would have been better and kept him in the trade, but you can say that for many trade and end-up losing few points.

 

I am also following at the same time Reza ProfileTraders, first day yesterday, for the moment mixed feeling. I like the way that he challenges the room with his questions and you can really feel that he wants you to learn and be able to trade on your own! Also like the fact that he shows the execution of the orders! Reza trial period is only 3 days so will see, maybe a bit short to really have a good idea.

 

Keep us posted!

Share this post


Link to post
Share on other sites

Could you tell me little more about Reza's set up and how he uses the MP?

Does he have any other charts up besides the MP? How big are his initial stops? Which would u prefer? Huddy or Reza?

 

Thanks again!

 

Marker,

 

I do agree with you, have been in the room for 3 days now and I like the way he trades and tries to get safe as quickly as possible. Sometimes he get stop out early and then the trade develops so an extra 2-3 ticks stop would have been better and kept him in the trade, but you can say that for many trade and end-up losing few points.

 

I am also following at the same time Reza ProfileTraders, first day yesterday, for the moment mixed feeling. I like the way that he challenges the room with his questions and you can really feel that he wants you to learn and be able to trade on your own! Also like the fact that he shows the execution of the orders! Reza trial period is only 3 days so will see, maybe a bit short to really have a good idea.

 

Keep us posted!

Share this post


Link to post
Share on other sites
Could you tell me little more about Reza's set up and how he uses the MP?

Does he have any other charts up besides the MP? How big are his initial stops? Which would u prefer? Huddy or Reza?

 

Thanks again!

 

It is still early since only one day, did about 2-3 trades. He only use MP on IRT, he has another indicator based on 100 ticks but don't know what it is, will ask and also a small candle chart. But it is mainly MP. Yesterday he said to it would be an UP day and bought the open,no stop to start, got out after 2.5 pts but he said we should have stay in the trade since during C period it often takes the high or low of the B period, if we would we would have made more then 10pts. He uses MKT orders!

 

Other stops were 2pts and 1 pts, he is very quick to get out if he does not like it, move in his direction. Did not like the way market behave yesterday.

 

Will decide at the end of the week but for the moment I prefer Huddy!

Share this post


Link to post
Share on other sites

thanks, hopefully you'll get better feel for Reza after a few more days...

Looking forward to your reviews.....

 

It is still early since only one day, did about 2-3 trades. He only use MP on IRT, he has another indicator based on 100 ticks but don't know what it is, will ask and also a small candle chart. But it is mainly MP. Yesterday he said to it would be an UP day and bought the open,no stop to start, got out after 2.5 pts but he said we should have stay in the trade since during C period it often takes the high or low of the B period, if we would we would have made more then 10pts. He uses MKT orders!

 

Other stops were 2pts and 1 pts, he is very quick to get out if he does not like it, move in his direction. Did not like the way market behave yesterday.

 

Will decide at the end of the week but for the moment I prefer Huddy!

Share this post


Link to post
Share on other sites
It is still early since only one day, did about 2-3 trades. He only use MP on IRT, he has another indicator based on 100 ticks but don't know what it is, will ask and also a small candle chart. But it is mainly MP. Yesterday he said to it would be an UP day and bought the open,no stop to start, got out after 2.5 pts but he said we should have stay in the trade since during C period it often takes the high or low of the B period, if we would we would have made more then 10pts. He uses MKT orders!

 

Other stops were 2pts and 1 pts, he is very quick to get out if he does not like it, move in his direction. Did not like the way market behave yesterday.

 

Will decide at the end of the week but for the moment I prefer Huddy!

 

 

PSUDAN,

 

So what do you think? Huddy or Reza?

 

I too have been following 3 rooms to decide the one I want to stick with. I have been with eminijunkie since last year, started channel-trading a month ago, and easyeminitrade a few weeks ago. I like easyeminitrade, but there's is something missing. Her screens are cluttered up cuz she watches/trades ES, NQ & 6E. She uses the keltner channel to trade. I think if she just concentrates on the ES, then the quality of her room would be better. I love eminijunkie, he trades the ambushes longs/shorts with fibs and other internals. No complaints with this room. I am looking into channel-trading because I was not familiar with market profile and wanted to learn.

 

I just may keep both eminijunkie and channel-trading. They kinda compliment each other....

 

How was Reza?

Share this post


Link to post
Share on other sites

Hi Marker,

 

After 3 days with Reza, it is not easy to make a thorough decision. Day 2 (Wednesday) was really bad, you could feel/hear Reza loosing it a bit, taking trade after trade in order to recover previous loss and ended the day with -7.5pts/C, ended the week with +2.5pts/C. He keeps going on about the economy/president and how the world is going down the drain. It is purely MP and looking for major/resistance support, very knowledgeable he is domain. I also had few issues with the communication software he uses: cuts, bad audio and so on, while Huddy's GoToMeeting was perfect.

 

I have now joined Huddy's room permanently, I believe he will cover my need better. I am a real newbie tradder and need more a mentor and somebody to help me go up the ladder. I hope/think he is the right person for that. Certainly like he is way to get safe really quickly. He might miss some but at least you are safe, on Wednesday we stayed in for a 10 pts runner which was nice.

 

So will see in few months time if my choice was right.

 

Cheers,

Share this post


Link to post
Share on other sites
Hi Marker,

 

After 3 days with Reza, it is not easy to make a thorough decision. Day 2 (Wednesday) was really bad, you could feel/hear Reza loosing it a bit, taking trade after trade in order to recover previous loss and ended the day with -7.5pts/C, ended the week with +2.5pts/C. He keeps going on about the economy/president and how the world is going down the drain. It is purely MP and looking for major/resistance support, very knowledgeable he is domain. I also had few issues with the communication software he uses: cuts, bad audio and so on, while Huddy's GoToMeeting was perfect.

 

I have now joined Huddy's room permanently, I believe he will cover my need better. I am a real newbie tradder and need more a mentor and somebody to help me go up the ladder. I hope/think he is the right person for that. Certainly like he is way to get safe really quickly. He might miss some but at least you are safe, on Wednesday we stayed in for a 10 pts runner which was nice.

 

So will see in few months time if my choice was right.

 

Cheers,

 

Sounds like Reza needs to have his emotions checked. Looks like "fear & greed" has gotten to Reza....Lets call him the revenge trader!

 

Anyway, Huddy, yes, this guy is so safe...if he doesnt like the way the trade is going, he will close it out for a small profit of 1-4 tics or at worse take a stop out no worse than 5tics. He will do this until he gets that huge runner....

 

Yes, I joined Huddy as lifetime member, you cant beat the price. And I will also stick with EminiJunkie. I think they can work together for me. eminijunkie uses several aspects of Huddys style and enters the trade with fib techniques, which is similar to Huddy's price pattern entries....EminiJunkie trade live in the mornings only, and then I can follow Huddy for the rest of the day.....using both systems confirms the most probable trade for me.....

 

Best of luck in Huddy's room!

Share this post


Link to post
Share on other sites
psudan, how are you finding Channel Trading after a couple of months?

 

Hi Grande,

 

I still follow Huddy from time to time but after a while I realised that spending all day in front of a screen is not my idea of fun. Nothing wrong with Huddy's method and tradingroom.

 

It has been a month that I am running some automated strategies (Strategy Runner) and only need few minutes per day to check that everything is OK and P/L for the previous day. Profit may not be as good, you leave quiet a bit on the table and obviously it cost a more. But that's fine with me, I guess it is the price for more freedom!

Share this post


Link to post
Share on other sites

I realize this thread hasn't been too active lately but I just happened upon it again and thought I'd chime in with my 2 cents. I'm a channel trader myself and have consistent success. One of the key ingredients that I attribute my success to is the notion that less is actually more, when trading. I like to use a goal strategy that is dynamic. The goals are dictated by what the market is willing to give me. I try to get my trading done as quickly and efficiently as possible and then turn everything off and get on with my day, away from trading. Psudan mentions how you potentially leave a lot of profit on the table but you can flip that coin over too. How many times have you had a profitable session only to take one or two more trades, and wind up giving your hard earned gains back to the market? Quitting positive on most sessions and moving your account forward on a consistent basis makes a lot more sense to me. Also, so many people under estimate the other costs involved to trading too much, each day; there's a real wear and tear on a person that takes place, potential for more mistakes due to market fatigue and every day life distractions, etc. Nope! For me it's about quality vs. quantity and when it comes to consistent success as a trader, less is more. That's my humble opinion.

Share this post


Link to post
Share on other sites

Hi GUys,

 

since I do not ahve time to rehas: read this thread: I posted review of many rooms:

http://www.traderslaboratory.com/forums/6/channel-trading-com-7929-3.html#post105282

 

I Had been in Rea's room for a long time: TOTAL SCAM: STAY OUT: will see nothign but total BS about OBAMA. He never follows his set ups and trades 1 contract??? Clearly dude makes a living by scamming others.

 

EMinidjunkies: same...anyhoo: see that thread..I really had not found a good room: and I had been members to 50+: GOOD TRADER DOES NOT NEED HEADACHE AND PAIN OF THE TRADING ROOM. GOOD TRADER MAKES GREAT MONEY TRADING< NOT SCAMMING OTHERS>Although, some may be good teachers, but can not be traders.

Let me know if you had found soemthign decent: which is consistent returns without BS>I had lost hope for such.

Best of luck!

Laguna

Share this post


Link to post
Share on other sites

Hi, I have to strongly disagree with Laguna' s continued ranting about Reza's room. I have been a happy member for over two years.

 

Yes, he does sometimes have strong words to say about our politicians. However, he was also not shy about calling out Bush and his policies. It sounds like Laguna is biased toward Obama and is unable to objectively evaluate Reza's room.

 

As for only trading one contract in the room. First of all, this is false. He often trades more than one and scales in and out as targets are met. Second, even if it were true, who cares as long as he demonstrates consistent profitability?

 

You will not find another room where the moderator cares as much about actually educating the clients as much as Reza does. Try for yourself, do not let one biased opinion keep you from discovering one of the hidden gems.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By Lwayne11
      I had a bad experience in trading. I did lost $17,350 in total and i when i try to cash out one story or the other keep coming up to me at every giving point of time so i give up on them.after several weeks i came across this agency,expert recovery that help me get back about 75 percent of my lost funds. I learnt thee is a class action court proceeding to sue scam binary companies but I believe that takes more time and money paid to lawyers is way expensive. You can talk to a recovery expert.
      Reach Asherellazar at protonmail dot com
    • By George_wilson8
      I invested 60% of my retirement payment on Coin Bull and Paperex with the mindset of getting it multiplied and enjoying a better retirement life. It was sweet and smooth from the start, withdrawals were easy and consistent until it gets to a point I started to be denied withdrawals and that was how I lost all money, I couldn't get my investment amount back not talk of the bonuses. I contacted several lawyers but it was all waste of time and money, they couldn't render an inch of help. God so good to my old self and family, I later met with a certified binary options recovery expert that helped me recover my money within 5days from the brokers(Coin Bull), it was worth it, he was able to retrieve my funds. If you have found yourself in same situation as me you can contact the expert on '' Hacknet1seven1( A T)p r o t o n m a i l ( d o t c o m )" also he can render any other desired hacking services, I can assure he would be able to help you just as he helped me, you can give him a try if you don't mind. Binary options brokers shouldn't get away with this.
  • Topics

  • Posts

    • Date : 12th December 2019. Lagarde prepares ECB debut – 12th December 2019.   Policy unchanged Projections unlikely to change much Clues about review sought Style in focus Presiding over her first presser of the European Central Bank today, Lagarde is expected to confirm once again the current policy setting, giving time to ECB to focus on the planned review of its overall policy framework.Final Eurozone GDP and PMI readings broadly supported this neutral picture, while the confidence that a deep recession can be avoided is strengthening (Figure 1) despite the fact that German manufacturing and production numbers still look weak. The exports and the overall trade are actually holding up much better than expected, which together with still strong labour markets is underpinning hopes the net exports and consumption will continue to support growth not just in Germany.Figure 1 : December German ZEW investor confidence outcome, end the year firmly in positive territory at the highest level since February 2018.As there is nothing in the data really to challenge the ECB’s overall policy stance, the focus firstly turns into the tone and presentation style that President Lagarde will have. The “risk” is that the presser will be equally uneventful as her testimony before the European Parliament. Lagarde’s team building exercise seems to have worked and at least in public there has been a pretty consistent message since she took over, which is very likely to be confirmed today. Additionally it will be interesting to see whether she will back fully Draghi’s package.Citi Bank: All key interest rates will likely be left unchanged, and the forward guidance reaffirmed. The main interest at this meeting will be the new Eurosystem staff projections, extended to 2022, to gauge whether the September package will be sufficient to bring inflation back into line with the ECB’s target over the forecast horizon. If not, investors’ attention will quickly turn to the ECB’s toolbox and what instruments the Governing Council would be willing to use and when, in order to defend its credibility in the absence of large fiscal support. The upcoming strategic review of monetary policy will also likely be the focus of many questions.Hence as reported by Citi, other than Lagarde’s style, ECB projections could also monopolize the attention. Even though, the ECB remains ready to act again and tweak all its measures if necessary, it has already done a lot and now needs to keep an eye on the side effects of the very expansionary monetary policy, while politicians need to do their bit to support the economy.The central bank won’t be reducing the degree of stimulus any time soon with many analysts supporting that this will continue until mid-2020 unless there is a major change in circumstance.Central bankers will be conducting a comprehensive review of the policy framework, however, with a special focus on the inflation target. A more symmetric definition, which stresses that the ECB can see through lengthy inflation overshoots as well as periods of too low headline rates is likely to come in the first quarter of next year. The inclusion of owner-occupied housing costs into the HICP number also remains a challenge especially as house prices are rising rapidly in some centres, also thanks to the low interest rate environment.Bund yields have nudged higher over the past week, but the German 10-year so far failed to move lastingly above -0.3%. Uncertainty on trade and Brexit are keeping a lid on yields, although there is the risk that if things go the way markets want and a phase one trade deal is confirmed and in the UK PM Johnson gets his majority, there could be a sharp rise in yields, if markets price out further easing and start to look ahead to central banks removing some of the stimulus.However this is far away for now, while central bankers are not looking eager to add further easing.Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • USDJPY Remains Biased To The Downside   USDJPY faces further price weakness despite its price hesitation on Tuesday. On the upside, resistance comes in at 109.00 level. Above this level will turn attention to the 109.50 level. Further out, we expect a possible move towards the 110.00 level on a break of that area, A cut through here will open the door for more gain towards the 110.50. On the downside, support lies at the 108.00 level where a break will target the 107.50 level. Below that level will turn focus to the 107.00 level and then lower towards the 106.50 level. On the whole, USDJPY faces further downside threats.        
    • Sterling Advances Barely Hours To UK Elections As Latest Poll Predicts Conservatives Win In just two days from now, a major event that will set the trend for the currency market for the year 2020, the UK elections will be held. In the face of a Brexit extension, UK prime minister had pushed for an earlier election in the hopes of having a majority conservatives win in the parliament which will make the Brexit deal pass through easily. As the clock ticks, with barely less than 48 hours to this epochal event, the newest poll by Survation conducted for ITV’s good morning Britain show predicts a Boris Johnson win by 14 pts. ahead of Jeremy Corbyn‘s Labour party. The Brexit deal seemed to give the conservatives an edge as it accounted for 32% of the vote decision while NHS gave Labour party a slight edge. On the overall, a majority vote of 42% was predicted for the conservatives while Labour had 28%. Market Reaction as the Clock Ticks Optimism looms in the market as the prediction of a conservatives win will ease Britain’s exit from Europe by January 31 deadline. The EUR/GBP pair continued to fall till the early hours of today breaking the 0.8411 trend line targeting the 0.8149 resistance level. GBP/USD pair rebounded to consolidate briefly targeting 1.3381 resistance levels. Technical analysis within a 4-hour MACD shows that both pairs may likely touch down. CAD edged slightly higher advanced by USMCA news but yet to consolidate gains. The USD against a basket of five major currencies held steady awaiting FOMC’s minutes due out tomorrow. Against a basket of currencies, NZD’s dominance is the highest. Sterling also gained momentum firmed up by approaching UK elections. The safe-haven, the Japanese yen, and Swiss franc remain pressured as major events that will shape the market for 2020 are been anticipated. On the Asia side, significant market activity wasn’t recorded as most currency pairs held steady within a day’s range. In the Asian stock market, not so much activity was recorded being weakened by recently released Chinese PMI numbers. Most of the indexes closed a little lower while US stocks rose swiftly after Friday’s release of US non-farm payroll reports. The outcome of the December 15 deadline set by the US for the signing of a preliminary trade pact will determine the week’s direction and even further into the year 2020. Also due out later in the week is UK GDP figures and ZEW released out of Germany.
    • Date : 11th December 2019. FOMC Preview – 11th December 2019. FOMC Preview No policy changes or surprises are expected with today’s announcement (19:00 GMT) and Chair Powell’s press conference 30 minutes later. It will be interesting to see if, as expected, the voting is unanimous this time round. The FOMC members have expressed significant differences of opinion during 2019 as three rate cuts were implemented.  The apparent paradox of low unemployment and low inflation, the new “norm”. The two-digit unemployment rate (U-3) in November edged down to 3.53% from 3.56% in October, and a 3.52% cycle-low in September, all below the 3.58% prior cycle-low in April and a 4.00% rate at the beginning of the year. Current readings remain much lower than the 4.2% long-run unemployment rate projection noted in the September SEP, it is expected that this estimate will be trimmed today. Headline CPI rose 0.4% in October while the core index rose by 0.2%, for respective y/y gains of 1.8% and 2.3%, versus September figures of 1.7% and 2.4%. Today the November headline is expected to fall again to 0.2% and the core remains flat at 0.2% too. The Fed’s favoured inflation gauge, the PCE chain price measure, rose 1.3% y/y in October and expectations are for an uptick to 1.4% in November. The core PCE chain price measure rose 1.6% y/y in November, versus 1.7% in September, and expectations are for the pace to hold at 1.6% in November. The FOMC’s latest median estimates for 2019 inflation are 1.5% for the headline and 1.8% for the core. Hence, the focus will be on the Fed’s new quarterly forecasts, with expectations raised and likely to be mostly bullish results with a bump up in the median growth projection and a drop in the median dot to reflect a steady stance through 2020. However, the individual dots are likely to show both, forecasts for cuts and hikes. Chair Powell is expected to reiterate the US economy and policy are in a “good place,” (a phrase he has used a number of times lately) and could sound a little more upbeat after the strong jobs report. But, he will continue to warn of downside risks. The FOMC isn’t likely to announce any new measures on reserve management operations (QE?) or a repo facility. All steady into 2020 and beyond. USDIndex remains biased to the down side but has support around 97.40 and the 200-day moving average. A breach of this key support zone brings in 97.00 and the October low of 96.85. A break over 97.80 (the confluence of the 20 and 50-day moving averages) and 98.00 would be required before a re-test of the recent high at 98.50 could be considered. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Bitcoin Cash (BCH) Holds At The Bottom, Is The Consolidation Ongoing?   Key Resistance Levels: $275, $300, $325 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Ranging Bitcoin Cash had been trading in the large price range between the levels of $200 and $240. Presently, the coin is now fluctuating at the bottom of the chart. In retrospect, the bulls break the $240 resistance line and reached a high of $310. The coin was resisted as BSH drops back to a range-bound zone. The bears tested the low at $200 but there was a pulled back. The pullback was a correction as the upward move was stopped at $227. BCH is trading between the low at $200 and $227. The bulls are now having difficulty to move upward because of the resistance at $227. Conversely, the bears have failed to break the low of $200. Daily Chart Indicators Reading: The Fibonacci tool indicates that the coin reverses at the 1.272 extension level. BCH will resume the downtrend if the downtrend line or the support line is broken below. The RSI period 14 level 35 is indicating that the price is falling. BCH/USD Medium-term bias: Ranging On the 4-hour chart, the coin is fluctuating between the levels of $200 and $220. The bulls tested and broke the $220 price level but fell back to the range-bound zone. The price is trading below the $227 resistance level; a break is being expected shortly. 4-hour Chart Indicators Reading The market is trading above the 20% range of the daily stochastic. This signifies that BCH is in a bullish momentum. The blue and red lines are trending horizontally indicating that price is fluctuating. General Outlook for Bitcoin Cash (BCH) Bitcoin Cash is still confined within the price range of $200 and $240. Presently, BCH is in a tight range; a break above $227 will move price to the high of $240. Nevertheless, a break below $200 may weaken the coin to a low of $160. Bitcoin Cash Trade Signal Instrument: BCHUSD Order: buy Entry price: $203 Stop: $175 Target: $241 Source: https://learn2.trade 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.