Tag Archives: trading

Sell Euro – Swiss Franc TP: 1.082 SL: 1.113

Sell Euro – Japanese Yen Big downtrend, hit downtrend trendline (purple) twice. Now we may retest the support and resistance zone around 119.0. TP: 119.0 SL: 121.225

Buy Wheat Since wheat broke out of the last downtrend line we saw a touch of the resistance zone which you can recognize by the blue area on the left side in the image. We touched that resistance zone. After that we had to make a retest of the downtrend we broke out. So now we have made the restest it is time to go up again. The first target is the resistance zone again, since the zone is a realy important one. If we continu and break the resistance a new high up to the green arrow is possible. Rememer: Support becomes resistance and resistance becomes support. 1st TP: 5.5 2nd TP: 6.05 SL: 4.3

Buy Great British pound – Swiss franc We are moving in a zone sideways. A bigger demand zone is now up ahead us. Target is the support we made before. TP: 1.29 SL: 1.20

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What are trading robots There are numerous trading robots available these days and for someone new to the industry it might feel daunting to pick the right one. It took me quite some extensive research and testing to find a reliable and profitable bot which worked for me. You probably wonder if they will work and what kind of trading robots are worth the investment as to which ones are just a waste of money. Well, let’s start by a brief introduction into trading bots and how to use them. When using Metatrader (MT 4 or 5) software or app you could have your trading automized. While it’s possible to write a script yourself most people chose to buy ready to use bots. All you do is unpack a file package in a designated Metatrader folder. Once you installed the robot it’s ready to use. The robot will be activated…

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