Chart time frame - H4
Timeframe - 1-3 days
Actions on -
A – Activating Event
Market will meet resistance in zone @1.864 - .... and fall to the @1.79. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 1.79
IF !! we still are in a big bullish flag, we will still need to finish the last C wave off the 5 wave. and remeber the rule. the C wave in the finishing 5 wave can be very LONG! wich means we will drop a lot. if this is what this pair is doing.
we can begin to by back in 0.31300 - 0.31150 range
if this scenario is playing out. I think we will go very green in next...
Rule number one: Every coins should go square up.
At the moment, Ada follows the rule number one! It has square up at his first support.
Now, will it go up or go down has his next resistance to still square up?
If ADA goes down, it will go down at 60%!
So, WARNING!!!! Be patient and enter at the right time.
Add me on telegram to invest at the right...
Building on last idea and cleaned up chart. Same information as previous (linked) except a few extra confirmed pivots. Stop moved up from 0.0368 to 0.0398, assuming a 1-2 is in and another 1-2 (small) is being put in, stop under the 0.786 of the smallest, most recent 1-2. As with all alts, upside movement is most often associated to non "crashing" of the big 2,...
AUDUSD > Area of interest > 0.77462 - 0.77542
Oanda 10/13/17 closing price @ 0.78860 w/ increase @ 0.88%
Pullback to S2 / S3 levels is required for set-up to remain valid.
Buy Stop Entry will be placed with further confirmation and if analysis rules/strategies are met.
T/P 1 @ 0.78676
T/P 2 @ 0.78894
T/P 3 @ 0.79987
* Personal analysis...
BASIC RULES FOR TRADING MY SWING TRADE LEVELS:
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 around...
Trading rules for intraday levels
1. Understanding levels
- I trade all my levels when the price reaches them. If I have for example 2 short levels it doesn’t mean that price will go up to reach those two levels nor does it mean that I think the market is going down. What it means is: If the price reaches 1st short level – I go in the short trade. Using rules I...
I will discuss one of the methods of trading a divergence.
The main advantage of the divergence trading is that you are able to enter the market right at the beginning of the swing.
The rules to follow:
1. Spot a difference in a direction of momentum and price
2. Wait for a reversal pattern to complete
3. Enter the market in the direction of the momentum