Trading rules for intraday levels 1 . Understanding levels - I trade all my levels when the price reaches them. If I have for example 2 short levels it doesn’t mean that price will go up to reach those two levels nor does it mean that I think the market is going down. What it means is: If the price reaches 1st short level – I go in the short trade. Using rules...
Retest of 38.2 level (confluence with trend line) before continuing downward. Thoughts?
Taken a long position based on the following: - Weekly bullish engulfing candle - Broken 1.1150 resistance comfortably This might simply be a bullish trap as we've seen in the past, however with USD weakness in the clouds prior to NFP, lets see where this takes us. Trade safe
stop loss close in cloud see our book on amazon for strategy in clouds-strong group-potash-cci and percent r upper range-adx good range-money flow excellent-relative strength good-
Very basic strategy script implementation for HA candles. If we're green we long, if we're red we short. Optional alternate timeframe, and optional trialing stops. Make the chart your own and have a play :) Cheers.
cci and percent r find out in our book why all strong stocks start with per r upper band relative strength good strong group stoc crossed above cloud
watch for macd to cross get our book on amazon to know importance wait for good candle to open money flow good strong group relative strength strong bollinger bands narrow cci and percent r in upper range above cloud daily and weekly
strong on 133 minute chart get our book on different time charts on amazon on daily money flow good macd good on daily relative strength excellent cci and percent r good above clouds
strong stock weak day watch weekly cloud above see our book on importance of weekly cloud on amazon of same name mad crossed above 200 day ma rsi strong cci and percent r good money flow strong
cci and percent r upper range close to breaking 200 day on daily get our book on amazon for selecting the right groups relative strength strong macd crossing weekly cloud in 8 s watch our u tube channel same name fry pan bottom chart
1:1 HARMONIC EXPECTATION CORRECTION REACHED - 38.2% EXPECTED PROJECTION - 138.20% MEET THE EXPECTATION!
AFTER CREATING LH I'M EXPECTING A NSL PRICE BREAKING THE LH WILL FAIL MY EXPECTATION
I WANT TO START FROM THE VERY BASIC.
EURUSD - LONG If you take a step back and look at any currency pair on a greater timeframe you will have clarity on the overall market direction, and be able to identify key points of support/resistance based on historical price action, which logically are more respected as the volatility of the market is lesser. Once you have identified these areas, proceed...
Aks appears to be forming a head and shoulders or perhaps double top. The weekly RSI closed at 100 showing that this price is severly overinflated. I expect a pullback into 3.26, with support at 2.75, and then 2.50.
STOP LOSS ABOVE X MQL5: www.mql5.com
1. MA Above price 2. Market structure blue box resistance 3. 0.382 Fib level.
At Friday's close, the S&P 500 was within kissing distance of it's ATH. The bounce from the 10% "correction" was so steep and sudden that I'm not sure if we can actually classify it as a correction. The Stoch RSI looks ready to plunge, the MACD looks like it's getting ready to follow suite, but not quite there yet. The RSI is confusing as it looks like it might be...