macro breakout trading in accumulation/redistribution phase
simply traffic light system
Yellow = fast profitable/ Best risk to reward Payday Trade
Green = Long/Buy or take profit
Amber = Risky trading area/choppy price action/ 50/50
Red = Short/Sell or take profit
..................figures for targets are always color coded on the price scale to your right on chart.............................
Trader safe, always use as stop and enjoy your bank holiday money
simply traffic light system
Yellow = fast profitable/ Best risk to reward Payday Trade
Green = Long/Buy or take profit
Amber = Risky trading area/choppy price action/ 50/50
Red = Short/Sell or take profit
..................figures for targets are always color coded on the price scale to your right on chart.............................
Trader safe, always use as stop and enjoy your bank holiday money
Comment:
Comment:
First touch of immediate resistance & local macro trendline
Comment:
First take profit complete
Comment:
Comment:
INTRA DAY TRADING AND COMFIRMATIONS
INTRA DAY TRADING AND COMFIRMATIONS
Comment:
both hedge short orders filled stop above swing high with view to average out position at upper red box peak of pendant if retest does not come first....stop will be above 58980
Comment:
now testing our upper trend line or the descending expanding wedge
short hedge stopped out small loss...long trade still held
loss recovered
long now trailed with view to reenter short on confirmation of failed rally at failed test of wedge trendline
now testing our upper trend line or the descending expanding wedge
short hedge stopped out small loss...long trade still held
loss recovered
long now trailed with view to reenter short on confirmation of failed rally at failed test of wedge trendline
Comment:
Comment:
macro shackout!!!
macro shackout!!!
Comment:
Comment:
Comment:
immediate resistance hit...more shack out to come
tomorrow we should see true break out or break down
tomorrow we should see true break out or break down
Comment:
retest complete.....little more shack-out and we should be good for tomorrow
retest complete.....little more shack-out and we should be good for tomorrow
Comment:
as always green box = long/buyback/take profit
safe to say this touch of green box was a nice add back to long..
long trailed from here
enjoy
as always green box = long/buyback/take profit
safe to say this touch of green box was a nice add back to long..
long trailed from here
enjoy
Comment:
this area will need to hold if we are to have lift off.........if not we will see the 53k area of chart
this area will need to hold if we are to have lift off.........if not we will see the 53k area of chart