Kene1245:
@ blackeuropen today’s $50 target archived. I hope blackeuropen is viewing my constant updates here on the staged contest he organized.

Skanas:

Wow! Thank you Brotherly...

infofirst:


I hope too.
@blackeurop @blackeuropean

situations:
hi do you have ?

fucc12:
Your thoughts on USDCHF

PipMarshall:
While it's tempting to buy because it looks cheap... I think it's a bad idea trying to catch the bottom
Market conditions suggest a strong Franc can still be the case for a while. I would prefer selling if continuation patterns show up.My thoughts.

Vandorra:

Smh.....and once he fulfills the promise...all his ills will be washed away right?You are a real Nigerian!

PipMarshall:


While it's tempting to buy because it looks cheap... I think it's a bad idea trying to catch the bottom
Market conditions suggest a strong Franc can still be the case for a while.

I would prefer selling if continuation patterns show up.
My thoughts.

voraz:


Worked out fine

PipMarshall:

Looks like most people here already have a system they use..

Anyone here trying to learn to trade? Or form a model. Like a newbie.. Not entirely green. You know the basics already..
Could give you a step to step guide on how to make trading plans and execute.. Using how I approach or try to approach the market as an example...

Like this post so I know if anyone is interested..
If anyone is.. Would go ahead and post an example here.

PipMarshall:


Thank you.
I understand.
I will be very careful and time it right. So I don't get caught.

However, WTI may trade as low as 20 USD per barrel.. This year or next year.

saxy4c:
We need to read between the lines atimes.

JafunmiFX:
@pipmarshall
Please what's your take on this?
A buy??

PipMarshall:
Weekly.
This was an extremely bearish signal.
A pinbar, followed by an extremely bearish candle on the weekly.

After this, one won't be wrong to take any one hour sell setups. I doubt I can find in this case. It just tumbled altogether.

So after this I was looking to sell.
One could have used the purple line as a near term target.

So the 2nd picture was the picture before last week started.

I was hoping for a retracement to the green line before selling but that didn't happen. As the drop was fast.

So what's next. We monitor the price action around the purple line. I expect it to hold because I think I am now bullish.

However, If it breaks the purple convincingly, means more downside is possible. And one can start looking for sell setups.

Edd1e:


Nice charting analyses bro... keep it up.

PipMarshall:


I will look at it.
Will reply after I have.. later today..

JafunmiFX:
@pipmarshall
Please what's your take on this?
A buy??

PipMarshall:


First thing..
I may be wrong.
And Your idea may turn out good.
But you asked for my opinion.
So let me say what I think.

I learnt the hard way not to ignore news.. And events around the world when trading. Till the issue of coronavirus is settled.. I don't want to buy the assets that will be affected by the coronavirus thing. AUD'S economy is closely linked to China.
China and Australia are NOT economies that I would like to invest in at the moment.

Secondly.. RBA just cut interest rate. The last bullish push is at the back of the cut being less than the market anticipated.
A cut in interest rate isn't exactly bullish long term.

Now Technicals.