(Note: I'm a beginner at technical analysis. Comments welcome.) Hunt Volatility Funnel (HVF) on BTCUSD: three successive lower highs interspersed with three successive higher lows. Reasonable risk/reward due to tighter stop and buy signal. I published an idea for BTCUSDT on Poloniex, but BTCUSDT does not mirror exactly BTCUSD on Bitstamp (most volume).
Waited patiently for NZDJPY to reach Resistance ~83.50 I thought it would reach it yesterday so I was LONG~82.8 TP1~82.9 TP2~83.4 Now good Risk-Reward-Ratio (RRR) on the Reversal SHORT. Conservative Stop Losses to be put above the time-high at 83.75 And... see how this plays out!
BASIC RULES FOR TRADING MY SWING TRADE LEVELS : SL/PT For every swing trade I use different SL. It is because I search the chart for the best place for the stop loss order. My PT depends on how far my SL is. Ideally the distance to PT is more or less the same as the distance to my previously determined SL (if I choose SL for example 100 pips, I use PT also...
Buy and set TP around 1274, Sell limit 1275 TP 1260
Looking for potential SHS here, SL and TP as on chart. Lets see if it work out.
Short EURUSD 2nd attempt, few sell signals generated today, looking for 3:1 RRR as 1st target. good luck & good trading Arek JP
Based on my system (still testing it) sell signal @ 10:00 candle - short opened at close of that candle - stop just above recent highs - targets as presented - will be taking parts of position if those level are hit and leaving some of it running with trailing stop. good luck & good trading, Arek JP
AUDUSD - sell signal generated, recent trend line has been broken - very good potential RRR, take 50% off at TP1 and you have risk free trade, move SL to lock profit once next TPs levels are being hit, let winners run and protect profits! good luck & good trading Arek JP
Missed my planned entry @ 88.6 of recent move but I’m still happy to enter long at current price with stops at 1.2970 – so just bit below of recent low 1.29719 Targeting 3:1 - 4:1 RRR (1.618 fib extension and possibly above), however there are few ways this trade can be played: 1) When price reaches 1:1 RRR take off 50% of position leaving STOP as it is – gives...
stop loss 8-10pips above X. Sell at D or above D TP1: 0.73010 TP2: 0.72667