This is a nice setup that caught my eye. The black lines are my entry area, the red line is my stop, and the green line is my intended target. The two negatives about this setup is that normally I would only take setups that offer me 3:1 risk to reward, but if I feel the setup is high probability, I will from time to time take less than 3:1. This setup offers...
Confluence: Double Top @ .755 Resistance level Weekly Double Top High Test Candle on 9/10/2016 Bearish MACD Divergence Triple Top @ Resistance on Hourly Great Risk/Reward
NASDAQ 100 @ Level of Year 2000 High Long-Term SHORT Position open with TP 4350 In Case of break to upper side might open HEDGE position /NAS100 uptrend 2009-.../ Overall SHORT and Holding Happy Trading iBrokers.ee
Will PHLX New High break UP or do we have nice SHORT Opportunity from 2016 TOP? Inverse HS on Daily? iBrokers www.ibrokers.ee
Reasons for trade: - At weekly supply zone - > 3:1 R/R - In a down trend (demand zones being taken out)
Reasons for trade: - Up trendline broken by 1hr supply zone - Supply zone taken out 1hr demand zone (confirm downtrend) - Clear path down till 114.300 - >3:1 R/R
High risk reward ratio is always with higher risk but bring us high returns - it is all about patience. We're not here to take a part - we're here to take over. August we expect pair to reach area over 120.00. Be patient.
There is a good confluence of 78.6 and 127 plus an ABCD completion. if the ratios keep up, then we have an awesome trade. though the risk displacement is a little higher. Should be 1:1 or 1:2 if 618 is hit/. Good luck. Regards, Hearty
High probability with many confluences to the naked eye, 4 hour price action will bounce of the 38.2 FIB zone or the daily resistance if broken the 238 FIB and then continue the downtrend, creating a short opportunity.
Asian paints Short 995 stoploss 1005 target 950
Nice pattern with fib confluence on this pair. Retracing into previous support now should becoming resistance. This Pattern could be the reason to enter a valid trend continuation short. FOLLOW YOUR PLAN! Best luck in the markets, Felix. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
nifty near high resistance area 7950-8000 Chanc for trend revers
cci and percent r upper range see our book on amazon why it is important-relative strength good-adx 38 good range number-money flow good-always diversify among high yields-stop loss 50day ma-strong group-weekly cloud around 50
stop loss at cloud-price volume trend good relative strength good-cci and percent r upper range-watch for 200 day above-always have stop losses in high yield candidate diversify between picks and industry
Hey Traders, Outlined the process each trade should involve. Simple IF... Then process. IF the market reaches my level of interest without violating the A point of the pattern Then i will buy. Please thumbs up if you like this kind of analysis. Thanks! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl