Hello guys and gerlz
I am proud to announce that my idea buying #BTC from early 7K has successfully played out reaching it's target at 9keks!
It is now time to reconsider charts.
I am definitely expecting some pullback from here which will establish the range for new consolidation or #BTC may as well continue bleeding as it has been doing from 20keks.
Thank you for your continued support :)
Strategy: Pull Back Strategy
Short term trade.
Bias: Bullish. Retracement was observed on the pass 4 days. It then retraced and hit 0.375 before rebounded.
Interestingly, 0.375 is the uptrend line support, as well as the fibonancci 0.618 support. It opened high at 0.395 today with increasing volume. The uptrend was...
Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
Entry = 1.7912
Stop = 1.7932
Risk = 20 pips
Profit target = 1.7843 ( The projected daily low )
Reward = 69 PIps
RRR =3.445 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
** This is my 100th...
One of the pairs that we covered in today's Trading Edge series was the AUDJPY. At the time it was setting up a breakout pattern called an ascending triangle which would give us a projected break to the upside. As I type this the breakout is still in progress, but that doesn't mean that the opportunity to get involved isn't.
There are a few different ways to...
Ever since Bitcoin hit the 6,900 price area, we have been seeing a continuos bullish market momentum following our ascending trend line on the 4H time frame. Recently we achieved the psychological resistance level of 9,000, where the buyers seemed to have had their stop losses set, therefore, bitcoin unfortunately failed to break through. So with that being said, ...
We have a nice up move in this pair, so we will look to get in on a pullback. This is an MA trade with a High probability and Good RRR.
Entry = 1.7074
Stop = 1.7054
Risk = 20 pips
Profit target = 1.7134
Reward = + 60 Pips
RRR = 3-1
**Once this trade is up + 25 pips, move your stop to breakeven and let it run
I would appreciate if you leave a comment or like...
Thank you for continued following us:)
Strategy: Pull Back Strategy
Bias: Bullish. Retracement was observed on T+1 and T+2 after big spike on 2nd Jan 2019. Share price retraced & hit RM0.700 support before rebounded.
Interestingly, RM0.70 acts as the uptrend line support, at the same time acts as MA10 support & fibo level 0.618 support!
It closed at 0.715,...
MA TREND STRATEGY RULES
1- Find a short term trend
2- 10 ema below 50 sma short trades
3- Enter when Price touches 10 ema
4- SL other side of 50 sma
5- You determine TP
Search our TSG Bog site for great MA trading strategies
PRICE ACTION and SMA
You can use SMA's to define "The River." The river is a term used in trending markets to show when the price is pulling back and ready to launch to a higher high or a lower low. In the example I am showing you below, the river is defined by the 20 and 40 SMAs. The 20 in black and 40 in green. Notice how often price tends to pull back into the...
This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Yuhuuuu, we have a potential transaction at EURCHF. The current price structure is predicted to be a daily correction to the demand level below. With a 15-minute timeframe, we have a setup to make BUY transactions.
Bias: Bullish. After a strong breakout on the 13th Dec 2019, the next 3 trading days saw the price experiencing retracement with 3 black crow candles formation. #bulltrap
// This stop-loss point is really tight; please manage your risk expectations. Previous swing high and 50% price retracement zone.
1st target: 0.950
// Previous high as...
welcome to another free signal!
Notice: To trade POUND-PAIRS is always risky due to volatility caused by Brexit-News or I bet upcoming tweets from Johnson.
Not more than 1% risk in this trade. We are also trading against a strong trend and were rejection nicely @ the weekly support. Great chance to catch the bottom but still...