Rangetrading
SILVER 1D (XAGUSD DAILY TRADING RANGE TRADE SUGGESTIONI suggest your enter your order ahead of the range bottom around 15.63ish (depending upon your risk tolerance), with your stop loss below the 10-July-17 low (15.1750), targeting 1/2 of the range and the top of the range (16.4766 & 17.3399 respectively.)
You can take some profit off at the 1/2 point or just follow your stops and hold for the top.
I suggest you be sure to size your trade so your max loss is no more than 2% of your account (or less.)
Follow your rules explicitly. NEVER BET THE FARM!
CME_MINI:EMINI-FUTURES If the e-mini gaps up i expect it to hit 2774
If it gaps down it will hit 2744
if it breaks my range estimation either way -
breaks up long to 2787
breaks down short to 2733
CME_MINI:E-MINI FUTURES
looks like it is going into a range for the next couple of weeks so looking to trade level fails long and short.
2744 has some action on it from previous weeks so price should bounce around on that level for a while.
2785 fail on the 21-jun-18 is telling me it range time. I think trading will be between 2790 and 2730 that is a 60 point range to trade inside of.
Wick on the 19th says there is buying interest on the 4h so consolidation should form next couple of weeks.
200ma should be hit again, so looking at that level for bounce.
will see what happens Monday.
AU long to 75.000 then short to 73.xxxAU is looking to long to 200ma, i think its going to get near 75.000 and then short down to my channel bottom (73.xxx).
last week price double bottomed back into week open range and closed up, but not over the open of the week, still think it is showing bullishness but over all i am looking to short AU, maybe in the coming weeks.
AU monthly is in a established channel, which alot of people would be watching to break, this week will be the end of the month, i feel like it will just keep ranging in the channel as AU usually likes to do.
I short SPX. Something little different that Bitcoin today. I have identify a loss risk trade. Stop-loss is close and possible profit target is lot more bigger. The ABCDE triangle consolidation provide us a decent breakout but this one have been struggle and squeezed by the bigger range. In a range you sell the top resistance : basic rule. I have not a lot of time (i hope in some weeks it will be better) so here is the schematic chart once again. First target for partial profit is the bottom of the range, next one is well under it. I would reenforce the short position if we break the bottom of the range.
As always, i do it for my personal trading and entertainment. Have a nice day and a lovely week. And be patient on crypto. Nothing to do on the market for now.
EURUSD 4H RANGE TRADESPair may go sideways waiting for FOMC tomorrow
Price is technically in an up-trend position because it has not swung below ma's in last 30 bars
If it is going to be a trend then price should make a higher high
If not, then price should drop below both ma's and fall towards the range bottom
Watch Macd for direction
Bullish trend trade
Range top breakout
Buy Stop 1.1860
Take Profit 1.1925
SL below Range top
Bearish Range trade
Price fall below both ma's
Sell Stop 1.1698
Take Profit 1.1632
SL above 100 sma
GBPAUD 4H REVERSAL - DAY RANGE TRADESGBPAUD is in a Day range pattern
Price is at the bottom of the range and also at a long term sup/res level
Price can bounce off range bottom or breakout and continue the trend
Day Breakout trade -
Sell Stop @ 1.7520
Take Profit @ 1.7420
Watch Macd to cross below Red signal line - close trade if Macd crosses above Red signal line again
4H Reversal Trade
1st Buy Stop @ 1.7775
2nd Buy Stop @ 1.7805
3rd Buy Stop @ 1.7875
Take Profit 2 options
Opt 1 - 1st and 2nd Trades take 1/2 profit at 50 pips each - run with balance to take profit
Opt 2 - Run all 3 trades to take profit
Take Profit @ 1.7920
USDCAD 4H RANGE TRADE SHORTPair has been range bound
Price is at top of range
Several bullish wicks have tried to breakout long and failed
1st Sell Stop in trade @ 1.2895
2nd Sell Stop @ 1.2869
Take Profit @ 1.2835
SL @ 1.2933
You may want to wait for this to happen before entering your sell stops
Price may retest range top - watch for a candle close above trend line and fail again