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Zentradingstrategy

Narrow Escape! Trust what you trust.FX:HKG33 Entered too early before the pullback. Has to hold over the trading closed day. Was intended to SL the positions if the downtrend continue. However, the market reopen with strong bullish volume. The short time frame (tf) turned uptrend and the index gap-up. However, the MACD + KDJ showing uptrend for 1H chart. Hence, decided to continued to hold the position. ∴ Continue bullish for HSI based on W chart and try to look at Long position for 1-3 weeks tf. This ain't a get-rich-quick scheme, folks. We're just here to chat, not make deals. Disclaimer: The information provided here is not a recommendation to buy or sell any particular financial instrument. Individual circumstances and risk tolerance should be considered when making investment choices."
FX:HKG33Long
by ChenQianYu
2
BTCUSD Short breakout setup - 1HRAs I mentioned in the previous bitcoin post, my confidence of this move continuing upwards is dwindling. The longer we move sideways, the more likely it becomes that the direction of the next move is down rather than up. We had 2 failed bullish setups, which indicates that Bitcoin doesn't really feel like turning bullish just yet Currently we’re stuck between the red multiple timeframe support and resistance levels. If we break below the support at 3520 I’m ready to enter short slightly below that level as long as the indicator shows me the short setup. The next level of MTFA support is at 3390. Take (partial) profits here and tighten the stop. Of course it is possible that we break upwards, or move sideways for another few days, this is Bitcoin after all.. If the bearish setup disappears the trade should be canceled promptly, no need to take unnecessary risk here. The 4HR chart is the only timeframe still in bullish territory, but as we reach the breakout level the 4HR will move into bearish territory too. All timeframes will be bearish again if/when that happens. The CMF has gone negative on the 4HR as price was rejected from the MTFA resistance crosses, indicating that buying pressure has died out. The daily doesn't provide any new or useful information, still in a bearish posture here. the RSX (a smoothed non lagging version of the RSI) has been rejected form the 70 level, failing to reach the overbought level. If you find this useful, like and subscribe to get notified of updates and new ideas If you want to tryout the indicators and strategy, follow and pm me and I’ll get you set up. Stay calm, and happy trading!
BITSTAMP:BTCUSDShort
by DariusZen