Intel Corp on rebound

Intel15June

Counter : Intel Corp

Direction : Long

Technical Description : Weekly uptrend, Consolidation between 34.5 – 37.5 level, Supported on 34.5 with potential rebound with 15 June 17 price movement.

Reward : > 1:2

On Side note, our trade on Audjpy is progressing nicely, we are on a risk free trade now.

https://tradesnprofits.com/2017/06/15/profit-taking-for-our-audjpy-trade/

Profit taking for our AudJpy trade.

While we are in process of fixing our Facebook. Our trade on AudJpy has managed to reach our 200% target profit level. This trade has achieved a result that would have covered our previous loss on UsdCad.

This trade was actually posted in our FB close group.

About our Facebook issue, due to some terms and policy that Facebook(Facebook doesn’t allow users to use nick name) has, hence we may not be able to safe the existing group. We will be looking to start a new group soon to continue giving traders our insights and trade ideas.

Keep a look out here on our website on the progress of setting up a new group.

On a side note, for traders that have entered their trades on FACEBOOK it self, congrats as it has traded from 145 level to 151 level. Decent profits on that trade.
https://tradesnprofits.com/2017/06/12/facebook-for-investment/ check out this link for reference.

USDCAD for a Risk to Reward of >1:2

USDCAD12Jun

Counter : USDCAD

Direction : Long

Technical Description : On Daily TF price floating above 200 SMA which indicates a continuous uptrend. Previous price action fail to break support around 1.34 level. 4 hour trend line support since Feb. Elliot Wave 5 on 4hour. USD Strength bias.

Reward : > 200%

Do join us in our FB group to get our full trade set up.
https://www.facebook.com/groups/tradesnprofits/

 

Facebook for Investment

Analysis1

About a week ago a member in one of the stock trading group was asking about FACEBOOK for her long term portfolio. We analyse it using our strategy to see if there was any potential to get in at a better price.

Though we are not inclined to long term investing, we still managed to pick up some good levels for long term investor who are keen to add more position to their existing portfolio (At least they didn’t get it at a higher price haha).

With the current bull run on the stock market, people are getting excited and are adding positions blindly to their portfolio. We would like to remind traders/investors to take a step back and re-look at their portfolio. It is times like this that many traders are losing their money as they rush to get into any trades just to ride the trend.

Talking about getting into trades, we have spotted an opportunity to long USDCAD. We will be updating our website later today on the technical description of USDCAD.
Meantime, you may want to join our Facebook group to see our USDCAD trade set up.
https://www.facebook.com/groups/tradesnprofits/

If you like what we have shared, do also like/follow our FB page and Instagram.
https://www.facebook.com/groups/tradesandprofits/
https://www.instagram.com/tradesnprofits/

 

How much time should I use for Trading?

Amazon8jun

People always ask me which is the best time frame to use on charts for traders.

Well there is no specific rule to this. If I were to simply reply to this question, i will just say it depends on individual character.

As a Trader, you must understand how much time you have and willing to burn. Identifying your personality and time spent is very crucial to getting consistent result.

Look at it this way, if i have only 10 mins to focus but my strategy requires 20 mins, how is it possible that I will be able to put my 100% on it. In trading, when I fail to give 100%, mistakes are bound to happen and thus reflecting in an inaccurate result(Possibly burning the account unnecessarily).

How I can help is basically giving a rough estimation on how much time is needed for the different time frames.

Weekly TF

Minimal effort required and suitable for those working long hours/shifts, parents with young kids, people who are not familiar with usage of computer typically the older generations.

Maximum Holding Period : 1 – 2 months

Time required : 30 – 60 Mins per week

Daily TF

Suitable for everyone who wants to trade at least twice a week. Analysis can be done on weekend.

Maximum Holding Period : 1 – 2 weeks

Time required : 1 – 2 hrs per week

4 Hour TF

For those who have access to charts almost every 8 – 12 hours. This are for people who can afford to have spare time during working hours. Needs to be fast in terms of calculation. Recommended only for those who are able to calculate accurately mentally.

Maximum Holding Period : 2 -3 days

Time Required : 30 – 60 mins per day

Any Time Frame Lower

This are only for those advance traders. This traders are typically full time traders. Most of their trades are intra – day or scalps.

Maximum Holding Period : Less than 1 day

Time required : Lots of time

So base on my experience, this is what i can conclude if you ask me which time frame is the best. So by using this guide, i hope you can better understand yourself and get better result with this guide.

Also do check out our our FB closed group and get more of our trade ideas. Join us here https://www.facebook.com/groups/tradesnprofits/ to see our set up like below.

Why we are reducing risk for JPY pair!

EurJpy6june

Counter : EurJpy

Direction : Long

Technical Description : Uptrend on Daily Time Frame. Very strong support level at 123 level. MACD on our favour for reversal.

Reward : > 200%

If we do take this trade, we will be reducing our risk as we are overly exposed to Yen Pairs.

Below are the two trades that we have taken and are now part of our portfolio. If we do add EurJpy, it risky to maintain the same risk. If for some reason, should Yen strengthen further, all our trades may be hit with stop losses.

If you want to get the full set up, join us in our FB closed group here.
https://www.facebook.com/groups/tradesnprofits

 

JPY6june