Euro stoxx 50 approaching resistance, potential drop!Euro stoxx is approaching our first resistance at 3262.6(horizontal swing high resistance, 61.8% & 50%Fibonacci retracement, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3134.7 (38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension )
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Equitymanagement
S&P approaching support, potential bounce!S&P is approaching our first support at 2687.75 (horizontal overlap support, 100% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 2790.51 (76.4% Fibonacci retracement , 100% Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is approaching support and we might see a corresponding bounce in price above this level.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Nasdaq 100 approaching support, potential bounce!Nasdaq 100 index is approaching our first support at 6805.92(horizontal overlap support, 100% Fibonacci extension , 23.6% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 7030
12 (61.8% Fibonacci retracement , 61.8% Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is approaching support and we might see a corresponding bounce in price above this level.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
UKX approaching resistance, potential drop!UKX is approaching our first resistance at 7009(horizontal swing high resistance, 38.2% & 50% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 6746 (61.8% Fibonacci retracement , 100% Fibonacci extension, horizontal swing low support)
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
GBT Buy ideaThis stock has a great outlook in regards to bullish fundamentals. I chose this demand level and my order is as follows:
Entry : 18.63
Stop : 16.10
I am looking to hold this for a month or so with exit orders:
Target 1 : 20.17
Target 2 : 21.70
AUDUSD: Strong accumulationWith the 4H Blue Candle + Confirmed Reversal (CR UP/O) showing a strong buying intrest in this area.
The goal: buy as low as possible in the Buy area to start off with a nice solid position.
Given the current setup of a success rate of 43,91% and the R/R of 4.73 a good Equity Risk is 3%
10% Equity increase every monthSimple rules
1 - Never trade with money you cannot lose.
2 - Always stick to your plan.
3 - The 1% rule is 1% of your total funds / 4 = how much you should risk per trade. For example: if you have 20000$, 1% = 200/4 =50$ risk
4 - There are around 20 trading days in a month since trading is closed on weekends. You want to enjoy freedom.
5 - After you reach your monthly or daily goal, stop.
6 - During the first year you increase your equity; during the second year you will earn profit and increase your equity.
7 - Have patience; making money consistently takes time and research.
8 - Never ever lose a trade that is in the green. When trades go sideways, take your profit.
9 - Keep practicing to keep your winrate above 30%, fail to do so and you will lose money!!
10-Get the right tools for your job. If you have to spend 40$ or 100$ to get your winrate to 60%, it's worth it.
s27.postimg.org
Winrate/Profit with R/R 2.5
10 trades 100$ loss 250$ win
20% good 80% wrong (2*250)-(8*100) = -300
30% 70% = (3*250)-(7*100) = 50$ profit
40% 60% = 4*250 - 6*100 = 400 profit
50 50 = 5*250 - 5*100 = 750 profit
60 40 = 6*250 - 4*100 = 1100 profit
70 30 = 1750 - 300 = 1450
80 20 = 2000 - 200 = 1800
90 10 = 2250 - 100 = 2150
100 winrate = 2500 profits.
If you like this plan then thank you hope it will help u understand abit about the risk and goals u need to set to take this sage.
I means if u do so according to this plan u can make 2k profits before TAX in the bank the 2nd year u start with 20k giving u a nice 1500 buck profit a month (depending where u live) working from ur home.
You can start @15k , i suggest 20k , if u have spare money u can do 50k and start earning 2k in de bank in year 1.
It`s possible tostart with 10k and 1k but that will means that ur earnings will decrease compared to the tabel.
I made this plan for 20k and 50k and is doing what its supposed to do , making money and Equity wil grow.
1st year Equity growth.
2nd year start earning 2k amonth before tax.
3rd 4k bfore tax a month
4th 8k a month
5th 10k a month
6th 10k a month
7th 10k a month
8th 10k a month
9th 10k a month
10th year Equity @ 300 mil