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USDJPY 4H TRADESPair is in a possible range with price at the bottom Price may return to the ma's (Long) or breakout of the bottom support (Sell) Macd has crossed above the Red signal line Bullish bias Long Trade Buy stop at 112.85 Buy Take Profit at 113.20 Close trade if Macd crosses below Red signal line Find appropriate SL Short Trade Entry breakout of bottom support on a 15m break-hook-go pattern Sell Take Profit will be the 800 sma SL above range bottom breakout candle *Watch for Bearish failure move If price moves back into range above bottom support Aggressive Buy with candle close back into range Also use Long trade signals
by Tradingstrategyguides
GBPJPY 4H SHORT TRADEPair has been in a range Price is another range in between 50 sma and 100 sma Short trade as price falls back to 100 sma My Sell Stop @ 147.25 My Sell Take Profit @ 146.25 My SL @ 148.00 and I will adjust it as price falls If price goes up over the 50 sma - watch for failure to progress bullish Then add more pending orders 1st @ 147.49 2nd @ 146.90 Watch Macd for direction by Blue crossing above Red line then dropping before it crosses red zero line
Short
by Tradingstrategyguides
AUDUSD 15M ICHIMOKU STRATEGY SHORT TRADEAUDUSD 15m shows triggers when to enter and exit AUDUSD 1H and $H show Bearish confirmation Step #1 Wait for the Price to Break and close below the Ichimoku Cloud Ichimoku cloud trading requires for the price to trade below the Cloud because that’s a bearish signal and potentially the beginning of a new down-trend. The cloud is built to highlight support and resistance levels and it’s supposed to highlight several layers deep because support and resistance are not a single line drawn in the sand, but several layers deep. So, when we break above or below the Ichimoku Cloud that signals a deep shift in the market sentiment. A high probability trade setup requires having more layers of confluence before pulling the trigger. This brings us to our next requirement for a high probability trade setup. Step #2 Wait for the Crossover: The Conversion (Blue) Line needs to break below the Base (red) Line. The price breakout below the Cloud needs to be followed by the crossover of the Conversion Line below the Base Line. Once these two conditions are fulfilled only then we can look to enter a trade. As you can notice the Ichimoku Cloud indicator is a very complex technical indicator that can be used even as a moving average crossover strategy. Now, we’re going to lay down a very simple entry technique for the Ichimoku Kinko Hyo trading system. See below… Step #3 Sell after the crossover at the opening of the next candle Ideally, any short trades taken using the Ichimoku strategy are taken when the price is trading below the Cloud. Our team at TGS website has adopted a more conservative approach and added an extra factor of confluence before pulling the trigger on a trade. So, after the crossover we sell at the opening of the next candle. Step #4 Place protective stop loss above the breakout candle The ideal location to hide our protective stop loss is above the high of the breakout candle. This trading technique accomplishes two major things. Here is an example of master candle setup. Firstly, it’s minimizing significantly the risk of losing big money and secondly, it helps us trade with the market order flow. Since this is a swing trading strategy we’re looking to capture as much as possible from this presumably new trend and we’ll be looking to trail our stop loss level below the Cloud or exit the position once a new crossover happens in the opposite direction. The next logical thing we need to establish for the Ichimoku trading system is where to take profits. See below… Step #5 Take Profit when the Conversion Line crosses above the Base Line We only need one simple condition to be satisfied for our take profit strategy. When the conversion line crosses above the base line we want to take profits and exit our trade. Alternatively, you can wait until the price breaks below the Cloud but this means risking to lose some parts of your profits. In order to gain more sometimes you have to be willing to lose some. Note** the above was an example of a SELL trade using the advanced Ichimoku trading strategies. Use the same rules for a BUY trade – but in reverse.
Short
by Tradingstrategyguides
Money Management 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Money Management 101 Are you receiving a win-rate of more then 60% and still loosing money?? Money Management may be an area that you need to focus on. It is an essential element in becoming a professional trader. Listed below are 4 Simple Steps To Evaluate Your Financial Health; 1. Position Sizing A portfolio of $... and I decide to only risk 2% on a trading strategy 2. Capital - How much? A portfolio of $.... 3. Loss - How much? I must be right more then 50% of the time, but win more money on winning trades versus losing trades. I will use stops and limits to enforce a risk/reward ratio of 1:2 or higher 4. Profits - What? A profit/loss ratio refers to the size of the average profit compares to the size of the average loss per trade. For example, if your expected profit is $1500 and your expected loss is $500, the P/L ratio is 3:1 Please let me know if you have any questions :) Happy Trading "The simpler it is, the better i like it" Peter Lynch
TVC:GOLDEducation
by SMPTrader