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EJ big move hits TP 🎯🏦💰Hello Traders I understand it's always so easy to review a trade when it's played out and ran its course. But this no lie when I say I forgot this one was even running until our script alerted me to take profit target being hit! It's taken 10 days for the 170 pip move to land and how come I forgot about this trade? Because our script is a simple trend follow strategy that presents trades on chart when all confluences are met. At that point we simply enter the trade set the take profit value and stop loss value and let the trade play out. This method of trading has removed all the negative emotions and anxiety that can occur with trading. No temptations to cash profit out too early. No temptations to close too early if retraces happen. We simply enter trades and follow, while sticking to our rigid trading plan. The trading plan in question here is for EURJPY working the H1 chart. I have the script set to a 1:4.5 risk to reward ratio working to a take profit with a tight stop loss. Upon entering trades I have complete confidence the method is profitable due to the script having a built in strategy tester. This strategy tester enables me to back test the desired method before hitting the markets. Back tested data is the best indication we have as traders to how potential strategies could work. The back test data for this pair can be found at the foot of this idea. As you will see from the results which span back to January 2018 this has proven to be a very profitable pair. This gives me great confidence to go forward and execute trades in this manner on the markets. The data is based on a £500 starting capital with 1% risked per. You will see also win rates and draw down is also covered in the stats. For any more information on the script I am using please feel free to drop me a message.
by RichScott
NZD/CAD WAIT FOR CONFIRMATION NZD CAD BROKE the trendline resistance and retest it as per analysis and moving average indication trend is reversed now ans going to make another higher high but market reached a key structure of supply zone if market respects that zone that we can expect a short term bearish position and if it breakes that resistance than we will wait for the retest and confirmation for a long position better to wait for either way confirmation always remember PATIENCE is the key
by Hamaitifx
2
Daily Range, Tips, & Advice For Grabbing Some Nice Profits TodayTrend/Range: As of today; we have two trends that you should be focusing on. One is the fib channel (red line), & the other is the black trend line which was support, but now acting as resistance. Ranging from 9300-9500. Scalping Strategy: To take advantage of today - try using the 30MA on low time frames such as the 15 minute & the 5 minute time frame. When we get to these lower time frames, the 30MA usually always acts as some kind of support or resistance. When you see we are touching it, wait for some confirmation that we are actually pushing off it. Not everytime will be a perfect chance. But about 70% of the time you can catch easy gains this way. I tend to like to scalp, so my positions will be in, and I like to get out in about $20 - $30 moves, unless there is obviously more real room for it to go. Hope this helped! Happy Trading! ( Twitter: @ crucial_crypto )
COINBASE:BTCUSD
by w0tisl1fe
Three Percent Trade Idea: Go short WHere is a great opportunity to go short on Wayfair (W). If you are able to go short closer to $90 we think that would be the best time to build your short position. At Three Percent Trades we have a price target of $65.00 / share, which is a potential upside of 22.3% from the current level. We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.
NYSE:WShort
by ThreePercentTrades