dru_01

dru_01

Short entry here as probability of hitting target level is high (based on my own method). After target is complete I would wait for new setup as there is no visibility yet. Since this is price action and momentum based I don't care about news - price has spoken :-). SL @ close over 1959

dru_01

I've had a break of my Entry line to the short side based on my 1:1 trading technique. The retracement that followed taking the price back up is a great entry point if the original entry was not made.

dru_01

Looking for breakout from the two points - either long or short. Stop loss is the opposing breakout level (1:1). Very simple method (using one indicator to get my breakout and target level. Market momentum is proven at these points and price will hit target regardless of fundamentals (i.e. price may hit and then go opposite direction after).

dru_01

If it breaks 523.60 - we'll see T1 hit quite happily - I'm seeing a signs of market crash here as target are looming large to the short side. Once broken through my levels they tend to hit at least 50% (Target 1) based on my method. The first break below the T1 line tells me Money is on the side of the bears and they are just clearing out the remnants of the Bulls :-) !!

dru_01

Based on my trading technique - this will definitely hit T1. Following T1 expect some price volatility until it finally makes T2. My technique uses RSI to evaluate entry and target - Its currently got a 83% win rate although I've had 8 straight wins last week and without loss :-). Work on most intruments (FOREX, commodities, and Stocks tested so far)

dru_01

Short Term Long potententially heading onto longer term short - watch for breaks of 31.93 for long and break short of 32.30 (technically this has broken out already but should provide a re-entry point after retesting 32.30-32.54 area. Watch for resistance at 32.30 on way up as this may stop long target being hit (probably candle wick will hit 32.54 and close will...

dru_01

Well this concept serves me well in respect of Currency so why not Stocks.