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Possible AUD/CHF Short Position!! SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 2-3 Days A – Activating Event Market will meet resistance in zone @ Current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 0.67250 C - Fundamentals that may affect the pair N/A D - Trade Management Entered @ ..... Stop Loss @ ..... Trailing Stop Loss@..... Target 1 @ 0.67250 Target 2 @ .... Risk/Reward @ 2.1 Happy trading :) Follow your Trading plan, Remain disciplined and Keep learning !! Please Follow, Like,Comment & Follow :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
GBP/AUD SETUP - possible entry and stop loss included Hello all, I have a potential short setup for you. A bear flag has emerged on the GBP/AUD pair on the 4 hour chart. Enter on a breakdown of the bear flag. _______ (possible) entry: 1.7683 (possible) stop loss: 1.7790 (possible) 1st profit target: 1.7620 (pivot low of the trend leg) --from there on trailing stop losses accordingly-- ______ Remember, only use this trade idea in line with YOUR OWN trading strategy. This is the bare bones of an idea that should only be implemented in conjunction with your own trading system. Also, PLEASE KEEP IN MIND the ongoing Brexit developments which may lead to unpredictable fluctuations in price. In particular, the two leading candidates in line to become Prime Minister next week have both publicly stated that they are open to the idea of a No Brexit situation concerning the October 31 deadline. This has caused some political friction within the UK Parliament and with the EU. Happy trading!
Short
by alexkrec
CAD/CHF SETUP (DAILY) - POSSIBLE ENTRY, STOP LOSS INCLUDEDHello all! I have another setup for you this morning. As you can see on the Daily chart, a bull flag has formed for this pair. We will be interested in entering long on a breakdown of this flag. So far today, price has supported the upside momentum we are looking for, however, this should be sustained throughout the day in order to maintain our bullish bias. _____ (possible) Entry: (1) Use Yesterday's High as a trigger for entering this trade; OR (2) Wait to see whether upward momentum is sustained today, and enter on upside momentum tomorrow (however, make sure price isn't extended at that point) (possible) Stop loss: 0.7544 (possible) Take profit: Take partial profits at the pivot high of the trend leg - 0.7612 - from there after trail stops. _____ Remember, only use this trade idea in line with YOUR OWN trading strategy. This is the bare bones of an idea that should only be implemented in conjunction with your own trading system. Also, PLEASE KEEP IN MIND the economic data concerning Canada that will be coming out this morning. This may cause whiplashes or a reversal in the trade. Happy trading!
Long
by alexkrec
Possible USD/CHF Short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4-12 Hrs Actions on - A – Activating Event Market will meet resistance in zone @1.012 - .... and fall to the 1.008. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.008 USD/CHF Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 1.008 Target 2 @ .... Risk/Reward @ 2.5.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
AET/BTC trade setupI'll keep watching Aeternity. It can take few more weeks to start making some bigger move. Possibilities: 1. Catch the price when it comes down or 2. Wait for conformation of the break out I will risk small position on the way down. And add the rest after break out. With plan of selling on multiple targets on the way up. Price can go for retest of the bottom or even to new bottom as well. This is why you have stop loss. I like my odds here. _________________________________________________________________________________ If you've learned something new you can like this idea or smash the follow button! Other ways to support my work - you can choose to: --> Sign up on Binance with my Referral Link: www.binance.com --> Sign up on BitMEX and get 10% discount on all fees for 6 months after you sign up using this Affiliate Link: www.bitmex.com The supporters will get all the help you need to learn how to use different trading platforms AND understand risk management in trading via Private Messages, Discord, Skype... Never risk more than 2% of your capital on one trade! You can choose instead to make a donation on one of my addresses: BTC: 12qe5buhPQTAEnqmMYBNafymePd9BAgqJT ETH: 0x134c60f13c48fe1ea48b10f980a2c68070f1bf82 LTC: LTuRNgXDU2ojj7DseX4GRhQcFyJzXo82mn Trading is not about having more than 50% of winning trades. It's about having the optimal ratio between small losers, small winners, brake even trades and few big winners.
ALong
by Metiu
1
Simple BTC short tradeAre you a bull or a bear? It doesn't matter much here to be honest. It's not hard to see where is the resistance and support for BTC. Are you a bull and you think BTC is going back to 20k and than 50k or maybe up to 250k? Maybe someday it will... But even if BTC found the bottom and we are in uptrend it's just very unlikely for the price to sky rocket through 6k. So why not short it? After it bounces from the resistance the only support at the moment lies down at ~4250 area. It's really not much else in between. No man's land. At least for now. I expect price will stay between in 4.2-6k area for quite some time as well. It's hard to imagine that BTC will switch from bear to bull mode so smooth (even if some alts suggest so). So we should get some retests of lower level(s). Some ugly red bars to get rid of all of panic sellers.There will be plenty of them. Than you can go long. As a trade or even more as long term hold if you want. Are you a bear? Than it's even easier. Take some profit when price comes down to support and hold some if you think we will see new BTC bottom. Short again if it comes back to resistance at ~5850. You must be wondering what if price slices through resistance. Well guess what --> You are risking around 4% to gain 25%. This trade needs to work only one time out of 7. So if you think there is like 20%+ chance price will bounce of the resistance at around 5850 than this trade is printing money on the long run. Even if you got stopped out more often than not. This is why you have stop loss! _______________________________________________________________________________________________________________________________________________________________________________________________________________________ If you've learned something new by reading this you can choose to support my work! --> Sign up on Binance with my Refferral link: www.binance.com --> Sign up on BitMEX and get 10% discount on all fees for 6 months after you sign up using this affiliate link: www.bitmex.com The supporters will get all the help needed to learn using different trading platforms AND understand risk management in trading. So now your account can be long term safe. Do you know why you should always use Stop Limit instead of Stop Market on BitMEX? If you don't you can wake up someday with an empty account. You can also choose to just simply donate to any of my addresses: BTC: 12qe5buhPQTAEnqmMYBNafymePd9BAgqJT ETH: 0x134c60f13c48fe1ea48b10f980a2c68070f1bf82 LTC: LTuRNgXDU2ojj7DseX4GRhQcFyJzXo82mn I always suggest trading on demo accounts at least until you have decent sample size of trades without losing money.
BITMEX:BTCUSD.PShort
by Metiu