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Algotrading

Trend change for GBPNZD❓Earlier on this evening UK time we had a buy alert for GBPNZD Is the trend changing for this pair? Trend trade identified and entered. Working 45M timeframe on this strategy. Trade details can be found on the chart in printed label. All the TP values same in label as that's what I'm aiming for on this strategy. Trade box is tracking the trade. Want to know how I identified this trade you know what to do. Thanks for looking Darren🙌
Long
by pow_removetheguesswork
1
ALGO/USDT (Trend Line) As the name implies, trend lines are levels used in technical analysis that can be drawn along a trend to represent either support or resistance, depending on the direction of the trend. Think of them as the diagonal equivalent of horizontal support and resistance. Notice how shortly after breaking trend line resistance, the market came back to retest the trend line as new support and formed a bullish pin bar in the process. This allowed price action traders to buy just before the market rallied for up trend
Long
by majidalisabir
EURUSD short live ⤵️Alert has presented on EURUSD. Short reversal trade identified and entered. Working the 15M timeframe. Trade details can be found on the chart in red label. Trade box is tracking the trade. Trade is currently running in blue but we'll see where we end up. Jackson Hole Symposium starts today so this trade will be finished today be it a TP or a SL as expect some market volatility. Want to know how I identified this trade you know what to do. Thanks for looking Darren🙌
Short
by pow_removetheguesswork
I win THESE setups 80% of the time. (Short) (HORIZON)Another breakout pattern happening on the chart, amidst speculation about the Fed raising interest rates. The swing high we saw today, Is most likely at an end, New York just closed and price peaked at a resistance / supply level. Generally speaking, higher US interest rates mean "stronger" Dollar in Forex. When paired with the struggling Euro, it most likely indicates that a bearish trend is going to continue long term. That doesn't really matter as much in the grand scheme of this trade, because it's not unlikely that this fan pattern will end after price regresses back to the mean, the reason that I mention the fundamental aspects is that this might be a good long term short opportunity, given the current market conditions. AND upswing we saw today could be evidence of institutional traders taking advantage of this news to eliminate competitors and create even better short's for themselves. The long move today, on the back of this economic news, could be taken, in a way, as confirmation of the move to the downside long term. However, I never trade news on its own, so take that however you'd like. If you aren't familiar already, I've been developing an EURUSD specific algorithm called " Horizon " that's been performing consistently well on the 5 and 10 minute period. The higher resolution (lower time frame) helps the algorithm find high quality setups, but also reduces the trade history of this strategy. Every week new trades are added, and old trades are removed. On the 10 minute, the total trade history is just 3 months (40-50 trades). In that three months this strategy has averaged 140%-170% ROI, 58%-69% Win Rate, 3-4:1 RR, and 7-9% Max drawback, using 1.7% of equity per trade. Horizon has now completed 4 live trades to date, of which it won 3, and has taken around 80 pips net. Horizon has also entered a short position in confluence with the fundamental indicators I mentioned earlier. This is the 5th trade of the forward test of this algorithm, and I like this trade not just because the bot said so, but because I think the long term trend agrees, and the breakout pattern I keep posting about is also at play here. (see below)
Short
by NeoDaNomad
1
ALGO - Nice level to shortReasons to take short: ⭐️ BTC rose a lot, pullback is needed ⭐️ Slowly squeezing to the level ⭐️ Impulse was too sharp ⭐️ No power to update local high ⭐️ Volume left the coin ⭐️ 40 ATR ⭐️ Under VWAP Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Short
by Artem_Dishel
14