AUDUSD Long - 4 confirmations Part 4. Cut Even Trade $100 profitDecided to exit out of the market after holding this trade for 12 hours. We protected our capital and took a cut even trade with $100 profit. The account is still up 2% for the week and 4% total for the last week and half. We have taken a total of 6 trades since last monday, 1 small loss, 2 cut evens and 3 wins.
Fibonacci
AUDUSD Long - 4 Confirmations Part 1 R:R 1:2AUDUSD Long- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up
4 confirmations:
1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4, H8 or Daily timeframe
2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4, H8 or Daily timeframe.
3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1.
4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.
EURUSD LONG - 4 Confirmations Part 1EURUSD LONG- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up
The Winning Playbook
1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4 or higher
2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4 or higher
3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1.
4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.
NVDA Short: Using another 2 Fib Extension levelsNote that this is the 3rd time that I have suggested to short NVDA. The first time we were fortunate as price gapped up and thus the trade wasn't taken. The 2nd time was stopped out yesterday. And this is the 3rd time that I am calling for NVDA short.
The risk-reward ratio is good. Keep it tight.
GOLD XAUUSD Long - 4 confirmations. $1,400 Profit taken.GOLD LONG- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up.
Took profit while recording the explanation
The Winning Playbook
1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4, H8 or Daily timeframe
2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4, H8 or Daily timeframe.
3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1.
4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.
EURUSD LONG - 4 Confirmations Part 1 RR 1:2EURUSD LONG- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up
The Winning Playbook
1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4, H8 or Daily timeframe
2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4, H8 or Daily timeframe.
3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1.
4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.
AUDUSD Short. 4 confirmations confirmedAUDUSD Short- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up
The Winning Playbook
1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4, H8 or Daily timeframe
2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4, H8 or Daily timeframe.
3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1.
4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.
S&P 500 Short: Potential Ultimate Peak on 23rd May 2024Previous analysis on 20th March 2024 (linked) would have worked but with more downside than expected (~50 points).
Currently, we have a potential ultimate peak in S&P500 on 23rd May 2024.
Take note that this idea will be invalidated with a new high and that could mean much higher prices for S&P. However, as traders, we are concerned with risk-reward and not with being right.
Good Luck!
AUDUSD Long. 4 confirmations confirmed.AUDUSD Long - decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up
The Winning Playbook
1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4, H8 or Daily timeframe
2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4, H8 or Daily timeframe.
3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1.
4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.