I've said it before and I'll say it again win rate doesn't mean shit. But, here we have a nice win rate coupled with a nice risk to reward of 1:2 for this strategy. Alert is set ready to share the next trade should I be online - so ensure you're following. All trade entry details are shown on the chart. We are only ever looking for TP3 on this strategy the...
Feeling a little bit overdone here.... sitting on lateral support and RSI heading into oversold. Annoyingly missed the short opp as I dont like shorting with gaps overhead. Think this might be the turn lower here but hoping for a bounce and consolidation first
Weekly chart is not looking so hot... will sell all my holdings below green support. (have already started averaging out)
Looking for a gap close at 7188... SL =7140. Decent RR here for a long I think
The FTSE100 nearly managed the 7225 resistance level yesterday before selling off and then the Fed drove markets down lower later in the day to a low of 7131 overnight. The bulls have fought back a bit though and we are at 7150 as I write this. The S&P managed to get back above 4200 as well and now needs to defend the 4190-4180 level. If it does so then a rise...
Full target reached as the RSI creeps into overbought territory. Key now to wait for next set up
Gap lower at the open - support here needs to hold for bullish thesis
FTSE Beraish Cypher targeting 6,950 SL should be places at 7,166
Potential right shoulder forming. Current picture still bullish from symmetrical triangle break
Bull flag building in progress... waiting for confirmation. Already long from symmetrical triangle break
Battle lines have been drawn between 7040 and 7055. Trend & sideways consolidation favours a break higher... suspect we will have to wait until US open to get our break. Move higher likely to be quick and fast when (if) it does break higher.
Bearish engulfing candle on the hourly signals we may see a pullback here - cannot be long. We are coiling within a symmetrical triangle - patience is key
Big reversal off our red lateral support following yesterday's sell off. Long with a target of a gap close at 7036
Once again opened higher and has been drifting lower after re-testing resistance. Bulls appear to be trying their best to squeeze the bears as much as possible before next leg lower. Holding onto for shorts for now.
Index hit double resistance this morning (lateral and prior upward sloping) - and reversed. I am still holding my short positions initiated a couple of days ago. Today's high is the line in the sand for now & hopefully we go back to the bottom of the range at 6850.
Index opened higher and (unexpected to me) closed the gap at 7006. However - the picture is still not bullish. We have yet to see higher highs, and there is hidden bearish RSI divergence coming through. I am holding onto my shorts for now (albeit a little more uncomfortably than yesterday) & definitely not ready to add until we see further bearish developments.