Setup : Got stopped out on the last trade because of an error I made (wrong stop loss). I'll evaluate the trade in a article later, so we can both discover where and why I went wrong. Correct position sizing saved me from any real trouble (countertrend trade, and only a minor pullback during the setup allowed me only take on very small risk). Now the situation is...
These are long/short signals based on the breakout trade signal that the ZenTRend Follower indicator gives me, used to backtest the trade. The indicator and trading strategy include a few discretionary decision to make, which improve success rate and profitability. These are not coded into the long/short signals. The indicator also has signals for countertrend and...
Setup : The indicator gave me the setup I was looking for yesterday (see yesterdays post) on the 4HR chart. Traders of my indicator would have seen it materialise, and triggered on this candle. Trigger : Price breaks long level: trade is triggered already. Stop : Stoploss is below trend line level, not at the trailing stop the indicator plots for me. Target...
Is this the same question you were asking yourself (and others) when the price of Bitcoin was 6000? And when the whole space said it was, what did that do for you? What would the claim that this is the bottom do for you now? Trading is reacting, not predicting. Nobody knows if this is the bottom, people may have reasons to think it is or isn’t, but nobody...
Setup: Bear Divergence, price crossed trend cloud, bearish re-entry signal at trend line. Trigger: Price breaks short level If triggered, look for indicator overextension signals and price reaction at Target areas. If you enjoy these setups and analysis please like and subscribe so more people can join you :) If you want to tryout the indicator and strategy,...
Possible inverse head and shoulders bullish pattern in XAUUSD
USDCAD broke the previous top and made strong down impulse. That impulse can be reversal impulse. So, wait for the flag and then take that breakout with your own tested strategy. That sell can be amazing in terms RR ratio! So keep an eye on it & be patient & trade with care! Thank you for your support! P.S. There is a lot of divergence on 4h and 1h timeframe!
The master will do anything that will give him profit so we look every chart with care if my macroeconomics are good and the usd economy enter in bearish formation will help this short idea to make it happen , so we wait one more fake up side and then boom , fall from the sky and short it to the bottom 0.96000 and next station 0.92000 for long term SHORT ! Wait...
I’m briefly going to go through last weeks action, look at where we are now, and what I’m looking for next week. The short trade entered on November 9th is still active, and I was looking to exit that and enter long for a countertrend trade on Friday. This look good until yesterday, when price fell another 10%. For the moment that long setup is off the table, but...
In the last update I tightened the stop on the short and hinted at a countertrend long setup I was looking at. The reasons for the countertrend trade are the same reasons I decided to tighten the stop loss on the short: First, the overextension signal from the indicator combined with todays forming reversal candle (1). This indicates that the downwards momentum...
This pair is moving in the series of Higher highs and High Lows Consequently and we can see on our chart that it has bounced off trendline 5th time which indicates that it is in Highly Strong Bullish Trend! Currently, it’s Hard to predict whether it’s Going Bear or Bull, We will wait for price Confirmation. It could Also Go and break Trendline since USOIL has...
Looks Like that GJ has broken the falling Wedge and has retested with a rejection and should go long next Week
Seems like AUDUSD is going to Bounce from trendline with double bottom setup. If you find this setup useful then like and comment :)
The daily short setup the indicator gave us in our last Bitcoin idea triggered a short trade which we are still in (3). It’s the first trade the indicator entered us in since the end of August on bitcoin. The trade setups (1) and (2) missed the trigger level by just a tick. You may have been triggered here, in that case you took two small losses of less than 2%,...
There are a number of different ways of using technical analysis. One way of using TA is to formulate a concrete trading plan upon which one can base actual trading decisions. I use TA to find certain (rule based) trade setups, and wait for price to give me either a confirmation of that setup to enter the trade, or an invalidation to cancel the setup and...
I'm showing mainly for the benefit of new traders why I've done what I've done. This trade is on both paper and live accounts. Note that I'm not saying I'm gonna win. I aim to lose! I'm simply controlling my loss, and allowing the market to lead me wherever it will, in my favoured probabilistic direction. Trend-following is not for everybody. In fact,...
In the screencast I show how I assess the probability and enter short. As usual, this is not a prediction - as I don't do predictions, targets, signals, or confirmations. I expect price to take me out at my stop-loss and I shall sleep very well tonight! :)) But if price moves in my favoured direction, I shall follow on a more suitable trend time frame to...
My details: Sell Stop @ 1.14220 Stop loss @ 1.14430 (21 pips) Target @ 1.13940 (28 pips) R:R = 1:1.29 Please follow and leave a like if you enjoy what you see want to see more live signals :) The analysis is made based on order flow using Volume Profile + EW For risk and money management purposes, always determine a max. of 2% risk on every trade....