WHAT IS AN ATR RISK REWARD MANAGEMENT PLAN
1- Maximum per trade risk = 2%
use a position size calculator
2- Stop Loss = ATR x 1.5
3- 1st TP = ATR x 1
4- Use two positions - each 1/2 total of trade risk (1%)
5- Both positions use hard SL - ATR x 1.5
6- 1st position uses hard TP - ATR x 1
7- 2nd position uses a trailing stop for TP
8- After 1st TP hits move 2nd...
Step 1 Add RSI to chart
Change RSI period setting to 2
Change RSI levels to 5 & 95
Step 2 Sell when the 2-period RSI indicator crosses above the overbought 95 level or
Buy when the 2-period RSI indicator crosses below the oversold 5 level.
Step 3 Find appropriate SL
Step 4 Take Profit when the 2-period RSI indicator crosses
Traders Dynamic Index Strategy Entry Rules
1- Red Line break above Yellow Line
2- Green Line break above Yellow Line
3- Neither Line break above Blue Line
4- Buy when Green Line close above Yellow Line
5- SL below SwgLow or 1,5xATR (min 10 pips)
6- TP when Red & Green cross below 70 level
The Williams percent R indicator or %R for short is a technical indicator that oscillates between the value 0 and -100. The Williams percent range indicator provides us with valuable information about the strength or weakness of a trend of a stock, commodity, currency pair, cryptocurrency or any other financial instrument that has attached to it a...
Papa John's added Shaq O'Neal to their Board of Directors
This had some positive bullish strength to stock
Price began to fall and created 1st high for range
Company announced their adding to their menu "Organic Veggies"
But Price continued to fall
Price found support and retested the range top
Price broke out of top range with strong volume support but breakout...
Price is in a current triangle pattern
Price tried a bullish breakout and failed
Price closed below triangle trendline
Price could retrace back to bottom triangle trendline
Or Price could drop where it currently is
TP is @ 59.14
Find appropriate SL
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They have dialed in this gym experience
Weekly chart shows they have dialed it in for years
Most of weekly volume spikes are on bullish weeks
People are interested in this...
First - Double Top Pattern Strategy is the traditional method double top strategy
Step 1 Identify the Phase of the Market. The Double Top reversal needs an uptrend.
Step 2 The historical precedent. An A++ Double Top Reversal is composed of 2 Rounded Tops (point A & B)
Step 3 Sell when Double Top breakout candle closes below the neckline (point C).
Step 4 Take...
Step #1: Wait until you can spot a bar that has its daily range smaller than the previous three days
The first rule requires you to have the patience until the Nr4 pattern develops on the chart. When we have a daily trading range that is narrowed than the previous trading ranges it means that the price is contracting.
Based on our backtesting results we have found...
Ethereum / U.S. Dollar BITSTAMP:ETHUSD
The market frames another swing high lower than the past one. It's bad for bulls as it's only an extra flag affirming the descending development. RSI affirms the value inversion. MACD lines and histogram bolster the descending development. DMI is bullish yet ADX line falls. It educates us regarding an amendment development....
U.S. Dollar / Japanese Yenn FX:USDJPY
The market moves in the uptrend. The cost achieved the opposition level and we ought to be prepared to see a rectification development. In the event that the value bobs from the obstruction zone , It will be conceivable to open short exchanges dependent on lower time spans. This zone will most likely stop and turn around the...
Ascending Triangle Trendline breakout
Blue Sup/Res lines found on weekly chart
On Day chart find fib lines and triangle
Price consolidated sideways at Weekly S/R zone and 61.8% fib
Price has curved downward
Wait for price to fall to bottom Trendline
There price will either bounce up once again or breakout bottom trendline
Wait for a candle to close below...
At the beginning of this Bullish trend
Big 3 Indicator showed entry point and TP/SL levels
Now price has been making higher highs and higher lows
The green colored big 3 indicator signal shows bullish continuation.
Sup/Res levels are being used for take profits.
Long Re-entry trade
Buy Stop @ 183.00
1st Buy Take Profit @ 196.56
2nd Buy Take profit @ 220.84