TMGH Chart AnalysisTMG Holding trend has unfortunately reached a lower region than before. Despite its continuous projects' updates, it reached the mentioned support line 51.233, if it continued decreasing it might reach the support line 51.142 then 51. On the other side, this decrease isn't expected to be long. It is expected to rebound to reach the resistance line 51.386, then the resistance line at 51.631, then the resistance line 51.806
Continuous
Back-adjusting drawings for futures roll in continuous contractsHow to adjust existing drawings to account for the price adjustment (false gap) between futures contracts during the roll when one contract is expiring and trade volume is shifting into the new front-month contract. Drawings do not adjust by using the "back-adjust" feature, which can create an issue since all of your drawings will be displaced and incorrectly located. This shows how to adjust them to account for that displacement. This is especially an issue when the price difference is large between the expiring contract and the new front-month contract such as in this video example (e.g. +51 points between ESZ2023 (Dec 2023) and ESH2024 (March 2024))
Continuous PatternWe are looking forward to seeing if USD will continue being strong against Swiss Franc. If the price breaks above the bearish channel, we may see a bullish movement hence we will place our orders right after the channel breaks. I wish you all the best. Remember to use proper risk management. Let's Download Success .
+2.19% Is Why You Should Scan THOROUGH The Day!!- 06/02/20 RECAPHi traders,
Tuesday came with nice and somewhat "predictable" setups but I had to be on top of my game thorough the day and scan outside my initial Watchlist.
Do you also scan or do you stick to your initial tips the whole day?
Trades:
1) C - LONG @51.01, -0.69%
2) PFE - LONG @35.81, +1.05%
3) CRWD - SHORT @92.79, +1.84%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +2.19%
Total PnL for the week: +3.56%
Good trades,
Tom | FINEIGHT