S&P / NZX 50 Index Gross - Risk RewardNZX:NZ50G
These trades are the ones that change your account tremendously.
You can trade with technical analysis, with fundamental analysis, with quantitative analysis.
What counts is having Risk Reward and Winrate that determine a positive Profit Factor on your strategies and therefore a growth on a statistical basis.
Trendcontinuation
FSLR - Bullish trend since Nov 2018, Buy the DipBought the fear of trade war Yuan news, looking for a long term uptrend with medium term healthy swings within a steady channel.
Looking to swing trade tops and bottoms as long as we are in the parallel channel.
I look for opportunity in stable range, slow volatility, good entry / exit points and also it helps if the company seems well placed for the current zeitgeist.
The trick is to have overall diversification of assets, but also enough of these monthly plays that allows a higher frequency of trades.
Market structure retestSo we seen price breakout the low and then give us a retest at 0.69730 area on the 15min and failed to break back up above it meaning to me that price should still continue further down to previous market low @0.69200 and i have my stop loss at previous market WICK high which is at 0.69910 meaning my ratio is a is a 7:1 i will keep posting simplicit trades as they are key to my trading ideas and swinging for hours on end im anticipating on holding these trades till tp gets hit or i will have a trailing 200 pip tp @.69530 once price gets to 69.430 if price struggles to break the .69530 then i will move my sl to take profit. feedback is welcome
EUR/JPY Wave analysisThe counter is in a long-term bearish trend.
However, the short-term trend suggests a short-term sideways trend.
The range is defined in a bearish flag formation and it is the wave 4 of the bearish cycle.
We expect the pair to wither the sideways trend upon reaching the resistive trendline and restart its bearish trend.
Overall view of EURUSD - Update of June 24thPrices broke the resistance zone giving more room for a continuous bull trend, after forming a Higher Low @1.11800 near the low of the year @1.11080.
Possible targets: @1.14500 (+50pips) and @1.15000 (+100 pips).
Advice: Stay bullish and buy at any low point while we don't break down the resistance zone (became a support magnet) or 1.13000 bottom level.