Takeprofit
US30 DOW JONES ANALYSIS DJI BUY OR HUDGElook at this magnificent bullish divergence with confirmation of the breakout of the RSI50 and the breakout and correction on the FIBO 50%
Very tight stop loss and TP1: 25018 TP2: 25698
possibility of hudge
BITCOIN - Ascending Channel - SuperTrend reversal - 17% targetMy test bot triggered a buy signal about one hour ago on Bitcoin: BINANCE:BTCUSDT
It is good to see that we are in an Ascending Channel
The SuperTrend reversed, the take profit target is 17%, which has been a good number in the backtests I made.
The trade could have been filtered out by the ADX filter I included in the strategy but it was not, meaning we are in a trending market.
The SuperTrend will be used as a natural trailing stop loss, securing our trades.
Stay tuned!
Backtest below.
How to use Horizontal lines in a right way?Horizontal lines ar crucial to find the best stop levels, but they can give you much more information and also trading opportunities. Try to draw them in a right way and I am sure thay will help you.
POUND SHORT ££ !?!I'm ideally short on GBPUSD, waiting for a movement of the price and an opportunity to get in, it's a bit risky because today is Thursday, we will see what happens and if we can validate this trade.
GBP/AUD OVER 2After the price break the ascending trend line, in my vision,the price will bounce up and we are going to reach 2.02... , Just be Patient
Break And Retest On EURUSDOn the daily time frame on EURUSD, price looked like it wants to downtrend. So on the one hour time frame, I was looking for selling opportunities. thus on the daily, there is a possible 1-2-3 move, and on the one hour time frame, I made a trend line. To continue, price broke this trend line and retested. As all this was happening, price remained below the 50 moving average, thus indicating a sellers market. Finally, with the stochastic indicator reading over bought, this was the final indicator i needed to confirm price may potentially continue down trending on the daily. The green zone marks take profit potentials, and the red zone marks a stop loss, great 3:1 ratio in profit potential. Also, from the previous high, to the previous low, the Fibonacci retracement is on a perfect 50%
HEAD AND SHOULDER UPDATEHello traders, this is an update on an idea published earlier this week. Price got rejected at previous support and we assumed the possibility of a head and shoulder pattern developing. We monitored price action at the right shoulder where we look for signs of rejection for the reversal to take 4 buy position. Our first position was 50 pips and the rest increased by 50. Target 1 for 50 pips, target 2 for 100, target 3 for 150 and awaiting our final for 200. If successful, we will accumulate 500 pips here. We have gotten 3 targets and now hoping for the 4th risk free. This pattern gave us a successful trade and I am happy I was able to share the idea for educational purposes. Have a plan, have a strategy, analize, be patient and execute. Traders should not predict the market but react from it.
Trade smart, don’t gamble!
Update2 Market Overview, #USDJPYQuick update on USDJPY dropped earlier, tp smashed 587 pips bagged.
follow on IG/Twitter @the_pipcartel
Telegram; t.me/the_pipcartel
target reached expecting resistance at purple trendlineWe could blast through this purple trendline but I expect it to hold resistance for now so I will be closing my longs temporarily here until we can overcome that resistance and taking profit while I can.
CADJPY & USDCHF LONG TRADESCADJPY
BUY STOP @ 78.50
TAKE PROFIT @ 81.60
STOP LOSS @ 77.00
USDCHF
BUY STOP @ .9520
TAKE PROFIT @ .9635
STOP LOSS @ .9440
These trade calls are for training purposes.
EUR Will hit 1.11500 ECB Meeting Tomorrow. But What's Next?EURUSD will make at least a 50% retracement at some point tomorrow 3/12/20. The ECB is expected to cut interest rates by .10% and possibly mention more stimulus. Look for EUR to tag 1.11500. The question is what will happen next? Price could bounce right back up in the descending channel and possibly break up past the channel and make another attempt at 1.15? or Will price head for the 61.8% retracement at 1.10500? Time will tell. The target for the short is 1.11500 (100+ pips).
I am not a financial advisor. This is not financial advice. This is for educational purposes only.
CADCHF LONGBuying 1 lot on this pair. It's a key support level, after seeing major downward movement from the bears, watching the 5-15 min tfs we can see bulls starting to push in.
Entry: 0.71341
TP: 0.71690
SL: 0.7000
Gold Short SetupFor the majority of this week, gold was holding around the 1650 zone. Finally it presented an opportunity to for me to enter a short position, offering a 2.5:1 R/R.
I targeted the 50 ema on the daily chart, as this was a reversal (counter trend) trade, which took profit a few hours later.
Currently, the markets are extremely volatile due to the media reports on the virus. My advice is if you are not experienced, wait until this has all blown over before taking any positions!
Have a great weekend!
P.S
If you want to learn more about how I trade, drop me a DM on here or on IG @saxonpooley!
Introduction to the BEST Trade ManagerHello traders
Let me highlight what the BEST Trade Manager can do for you.
The Trade Manager adds another layer to your own systems, enabling custom user-defined stop-loss/take-profits and real-time analysis with risk-to-reward ratios.
We made it as such the visual rendering is also very nice on mobile devices.
Reviewing:
- How to connect your own indicator(s)
- How to read the graphical elements
- The 8 Stop-Loss options
- The 4 Take-profit options
- The alerts and dynamic alerts for trading automation
Links are in my signature for more information about it
Wishing you all the BEST for your trading using it.
Dave
BTCUSD 1H WILLIAMS %R MOMENTUM STRATEGYStep #1: Wait for the best Forex Momentum Indicator to get oversold (below -80). Then rallies above the -50 level before Buying .
Step #2: We’re going to use Williams %R, the best forex momentum indicator in a smart way. In an uptrend, we buy after the best forex momentum indicator has reached oversold conditions (below -80). And then rallied back above the -50 level.
Note* If the %R momentum indicator continually stays in oversold territory (below -80 level), it signals a strong momentum and conversely a strong trend. Inversely the same is true in a uptrend.
Step #3: Place Your Protective Stop Loss below the Recent Higher Low.
We want to hide our protective stop loss. It is below the most recent higher low level that formed right before the best momentum trading strategy issue the buy signal.
Alternatively, you can also trail your stop loss below each most recent higher low. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal.
Step #4: Take Profit once we break below the Previous Higher Low
A trend in motion can stay in that state longer than anyone can anticipate. And since we want to maximize our potential profits we let the market tips it hands before liquidating our trades. In this regard, we look for a break in the trend structure. Respectively a break below the most recent higher low.
Alternatively, you can take profit once the best forex momentum indicator breaks below the -50 level.
Note** The above was an example of a BUY trade using the Best Momentum Trading Strategy. Use the same rules for a SELL trade.
Summary
The best momentum trading strategy (%R) leverages the tendency of a market’s price to continue moving in a single direction. This is where the momentum might be upwards or downwards. In essence, market timing is crucial for a momentum indicator strategy. And in this regard, we incorporated the best Forex momentum indicator (Williams %R) in our momentum strategy. Here are some of the trading conditions you want to avoid in the forex market.
Timing the market can be a daunting task. But our team at Trading Strategy Guides believes that using a pure price action can get you a long way. Check out our Price Action Pin Bar Trading Strategy.
AUDJPY SHORT. ESTRUCTURE siguiendo con la tendencia dominante de 1D que es bajista, podemos observar como en el grafico de 1H tomo un impulso fuerte y el precio se canso en una zona de reaccion constante, teniendo en cuenta lo anterior y una clara divergencia, seguimos a descomponer el mercado en grafico de 15min marcando la estructura, tomamos el ultimo bajo mas alto como referencia para el posible rompimiento de estructura y entramos al rompimiento y retesteo por un retroceeso o correccion del anterior impulso en 1H.
ENTRY SELL PRICE : 75.850
TP1: 75.550
TP2: 75.250
TP3: 74.750
StopLoss : 76.150 (30pips)
ENTRADA MARCADA EN M15
EURNZD LONG pequeñoobservamos rompimiento de estructura bajista anterior y como se esta creando una nueva tendencia alcista, entramos en compra al respetar la zona del ultimo alto mas bajo a la vez que hace confluencia con niveles claves de fibonacci
I may have to give up my hopes of 5.4k....In my last post I called for 8.6-8.8k. We hit our target, and then some. I hope you guys took at least some profits.
A) Was our 14k* top. At which point we created a beautiful Chuva Fork on the WEEKLY Chart (Pale Orange Dotted Lines from 14k % 12k). We proceeded to correct down to 6.4k.
B) 6.4k saw a beautiful bounce after clearing the stops from 6.5k, and we haven't looked back since...
C) We're now dipping our toes into a Bearish 3Day Block, so I expect at least a minor correction. A pullback into the Bullish block in yellow (around 8-8.2k) would be ideal, and quite healthy. That being said, we can certainly grind further into this block before correcting.
Ultimately, I think this leg up has some more fuel, and probabilistic-ally, I see us testing that Daily Bearish Block around 11.1k (currently UnTested). So long as we hold that Yellow Box & or Pitchfork, I remain Bullish, targeting said areas. Should we lose the Pitchfork, I'd be flat on all leveraged positions, only holding my Long-Term Spot.
As always, practice solid Risk Management, and good luck trading!
