This is a small long position. The premise is mostly that we are looking for a possible short term continuation of what can be looked at as a technical bounce. About 50 PIPS would be the target. Entry is .9614
USD/CHF – Long Trade
Tag: short term trading
Dow Long Trade – 80 points profit – At Night
This was a nice move that pushed higher in an orderly manner on Thursday night. The price is now, (Friday Morning) just under 200 points higher than where I exited.
Litecoin Short Trade – $7 dollars profit per coin
Here is a recent short trade on Litecoin, specifically LTC/USD. The first image shows the buy and sell levels and an orange line which is a Fibonacci level.
The price moved above that 23.6 level. We can see the price moving up to the level, consolidating around it, and moving higher.
The second image shows where the Fibonacci levels were drawn on a weekly chart
You might say that the price wanted to come down to test that level after moving through it to the upside.
Charts101 Trading 