WHAT IS AN ATR RISK REWARD MANAGEMENT PLAN
1- Maximum per trade risk = 2%
use a position size calculator
2- Stop Loss = ATR x 1.5
3- 1st TP = ATR x 1
4- Use two positions - each 1/2 total of trade risk (1%)
5- Both positions use hard SL - ATR x 1.5
6- 1st position uses hard TP - ATR x 1
7- 2nd position uses a trailing stop for TP
8- After 1st TP hits move 2nd...
Step 1 Wait for the price to touch the Upper Bollinger Band
The first element we want to see for our simple trading strategy is that we need to see price moving into overbought territory. Any swing trading strategy that works should have this element incorporated.
Note The preferred time frame for this simple swing trading strategy is the 4h time frame, but the...
keep moving in the triangle
sellers are not visible
the probability of a bullish mood is higher
just remember that the market is not a friend, but a live ecosystem,
takes away from some and gives to those who adapt to the market.
how do you think my thoughts?
My Opinion, in 1h timeframe, Wave B in zigzag ABC ( or triangle or flat... ) is over , wave C begins.
This is my opinion about eurgbp.
What is your point of view?
My opinion: Waves (3) daily is over. Zigzag (or flat or triangle or ...) begins here
Time to SHORT SELL BTCUSDT Binance ElliottWaves
TakeProfit: 4900 zone
StopLoss: 7525 zone
Follow me to more infomation and values.
What is your opinion?
We have spotted a quirky head and shoulder signal in the Dax some weeks ago. Quirky cause this pattern has had a second right shoulder. Anyhow, neckline got broken and Dax has now reached an area which can be considered to be the take profit. MACD looking to cross soon, too.
I am not recommending open short positions but rather closing any longs for now and to...
This version includes a new feature, engineered to increase profitability.
About the backtest below:
Short + Long Strategy
10% of 10 000% equity per trade. Net Profit can be increased with a bigger % of...
GBP/USD is so close to the best place where we can open a SHORT entry.
1.3100 best place to open Sell
- Key level, price bounced a few times from it.
- RSI synchronized with the bounced price
- Main trend down
- Near lower high
I love such entries because risk-reward is good.
GOOD LUCK and take entry according to your balance.
DOJI candle at 1 h time frame ….with stocth RSI crossing to up, i think the market movement will hit the 38.20 Fibo line before raising ….and it keep growing till 61.80 % fibo line.
Signal : BUY
Entry :1.13000 ----> Fibo Line : 50.00
Take Profit :1.13477 ---->Fibo Line : 61.80
Stop Loss :1.12750 ---->Fibo Line : 38.20
I will show you in this analysis how to trade ranging markets before the break out.
After a long time of consolidating we will see a break ot, but how we can trade this and how we find the right setup.
First draw the triangle an the boarder lines of the range.
The border line of the range are the entry points for your stop orders, the opposite range...
At the beginning of this Bullish trend
Big 3 Indicator showed entry point and TP/SL levels
Now price has been making higher highs and higher lows
The green colored big 3 indicator signal shows bullish continuation.
Sup/Res levels are being used for take profits.
Long Re-entry trade
Buy Stop @ 183.00
1st Buy Take Profit @ 196.56
2nd Buy Take profit @ 220.84
Pair is in a range
Price bounced off bottom
Price may move through range and retest top of range
Buy Limit @ 1.3338
Buy Stop @ 1.3353
1st Buy Take Profit @ 1.3370
2nd Take profit @ 1.3399
3rd Buy Take Profit @ 1.3438
SL 10 pips below range bottom
Watch Macd for direction
Void trade if range bottom is broken
Price is in between the 50 sma and the 100 sma
If price drops below the 50 sma in less than 8 bars
Then Sell Stop @124.49
Sell Take Profit @ 124.00
If Price stays above the 50 sma for over 10 bars
Then Buy Stop @ 124.95
Buy Take Profit @ 125.30
SL 20 pips below or above 50 sma
depending of a sell or buy
Watch Macd for direction
EURUSD has fallen significantly throughout the week but selling strength is also starting to diminish
As the dollar has reached 97 which is a key supply zone, the price is likely to fall and that will cause EURUSD to rebound and climb.
EURUSD is also seen supported by a 3-weeks supply zone and there's sign of reversal.
As today's the last trading day of the week,...
The YEN pairs are all setting up for this same move.
EURJPY has a large space to work with and a good Macd to help with the stop
Buy Stop @ 124.97
Buy Take Profit near the 50 sma @ 125.67
If Macd drops below Red signal line close trade
SL @ 124.25
Wath Macd for Bullish confirmation