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Fractal

12 Wins in 13: Mastering the Weekly Breakout Strategy⚡ 12 wins in 13 trades on the weekly chart! That's right, I'm talking about a strategy that exploits the breakout of the previous weekly candle's extremes with impressive precision. The logic is simple but powerful: I identify the trend direction with an objective approach, enter the trade after the breakout in favor of the trend, and aim for a 1% price move . The stop loss? Always set at the high of the previous candle. Right now, I see this opportunity on the weekly chart of $NASDAQ:COIN. I will buy a PUT option as soon as the low of 146.11 is broken, with a target at 144.66 and a stop at 182.70 (the high of the previous candle). Once the low is broken, the trade will be triggered, following the successful pattern: 12 out of 13 trades have hit the target so far. Have you tried applying such an effective strategy on the weekly chart? Share your thoughts , and let's exchange ideas! Disclaimer: This is my objective approach to identifying trends using candlesticks, and this is not a trade recommendation . High-probability setups usually have lower payoffs , so risk management is essential . I recommend always running a backtest of the strategy to ensure it generates a positive expectancy, even with a lower payoff. Do your own research , and before replicating any idea, understand the principles and ensure it is replicable. Without replicability, a strategy cannot be properly studied or effectively used.
NASDAQ:COINShort
by LuccasChartRoom
Riding the Bull: My Probability-Based Approach to Trading GER30The German DAX (GER30) is showing promising signs for potential upside movement, supported by several key fundamental factors: 1. European Central Bank's accommodative stance 2. Improving economic indicators in the Eurozone 3. Strong performance of German export-oriented companies 4. Increasing investor confidence in the European market recovery To capitalize on this bullish outlook, I'm employing a probability-based approach to enter long positions on GER30. Take a look at these analyses to see the details behind this trade idea. 12M: 3D: 1H:
OANDA:DE30EURLong
by Jasminex1x2
Bitcoin's price action is strikingly similar to Gold'sBitcoin is following the same price path from the 2021 cycle peak to present to Gold's price action from the 2011 cycle peak to present. When you factor in that Bitcoin trades 24 hours/day and 7 days/week it makes sense that the timelines would be compressed. I'll be following this fractal to help guide me on possible short term Bitcoin price action. I believe there's a case that Bitcoin will revisit the 42K area in the short term, but have a strong reaction off those lows to reclaim the $50k range.
COINBASE:BTCUSD
by Shabow
2
XAUUSD Outlook💹 Commodities: 👁️ Outlook Long Term time frame (5hr): Gold is currently inside this 5hr range. We failed to break into higher prices last Friday NY session and took out Thursdays low. I believe we will be seeing lower prices from Gold down to 2470.850. Intermediate time frame (30m): I would personally look for shorts on Monday London or NY if I was trading Gold. Price is just not convincing and we have big money coming in on the other side. I am Bearish on Gold until it shows strength to the upside again. Keeping an eye on this. 👁️
OANDA:XAUUSDShort
by angelvalentinx