Short-trading
BRENT OIL You can see the proportions of the chart in the latest bearish rally.
Overall BRENT OIL is in a massive bullish rally. Next question is: are we on a goot timming to jump to the stock?
The answer is not clear. It's hard to do a clear count but with the both counts suggested above we can expect a retest of the lows. There is still a downtrend channel that is working pretty good.
How deep the price is going to go down? There is a fair chance to the price to go around 49.75 so ill jump long at those levels.
If you are a risk trader, i would also contemplate the option of jumping in the stock short right know before the next bullish rally starts.
$EBIO short entry tomorrow$EBIO has been getting sold off when it tries to make runs, looking for a spike tomorrow up to previous highs as resistance levels and then I will short it, 4.50 is the nearest half dollar resistance, I will have a loose stop around that area. If it pushes through previous resistance then I will keep waiting for the next bearish sign to short. After the washout I'll be looking for bear flag set ups throughout the day to play off of, such as the ones we had today.
How to do a good day short tradingFirst, select varieties
Not all varieties are suitable for day trading, in order to obtain a profit in the day trading, the first thing to choose a good subject matter. Only those with a large variety of volatility and liquidity can make traders make profits quickly.
I recommend: EUR/USD, AUD/USD, USD/CAD, GB/U, XAU/USD
60 Pts strategy on USDCHFi'm testing this strategy
i give a value referred to probability for each indicator i use
Ie
big Heikin Ashi candle : 30 pts
stochastic crossing from OB/OS : 30 pts
rsi fast enter/exit the ema : 30pts
rsi slow enter/exit the ema : 30pts
Vix fix bottom : 15pts
If IT gets a least 60 pts it's time to enter!
in USDCHF we have a good 60pts that may become 90pts in the nex trading day
So i enter Short (mid-long term only )
Simple Trading Techniques – Pullback Candlestick Strategy USDCHF
Go short the USDCHF if it trades at .9806 or lower. If triggered, place your stop at 1.0098 and exit the position for a profit at .9528 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com
Update: GOLD Down - Final target is still 1190 to 80 AreaGOLD XAUUSD - Final target still 1190 to 80 Area - SHORT - take a look on the Chart. It's a X7 Wave-Pattern. There is only a X5 or X7 - in this case, the market developed a X7 one. Not, as initially expected: X5. Finally, is a sharp correction highly probable.
If You have any questions, please leave a message.
Shorting EURCAD at important level and "Broken fang"The EURCAD has multiple times hit the important level of 1.463 (purple box) but has now finally broken through it. We look to short it when it retests this level as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs. Our stops go above the resistance box and I'm hoping to catch a 1:3 on this one as price should come back down to at least 1.447. Moving my stops to breakeven when price hits 2/3 of profit.
We can also see that we are currently in a downtrend (Lower highs and lows indicated by the blue lines).
Good luck everyone and as usual, hold your thumbs!
$EURUSD bearish review and trading plan/matrix.Morning everyone, it's a bank holiday in the US, so not sure, what the markets will be like today.
This is a bearish review, so bullish signals are not reviewed here.
1. Minimal retracement already met at 1.12, so the Limit order entrance in case of bearish continuation is not really possible,
2. Bearish engulfing appeared,
3. 1st Sell stop with SL> 1.118 = 1.1141, and TP 1/2pos. at 1.1105
4. 2nd sell stop at 1.10911 with Target at 1.10975, SL>1.112 + timing 45 min
Any questions - welcome
Likes and comments are much appreciated!!!
Wish you a very profitable week!!!