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Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do...
My First Post, aka I'm still learning a lot.
Stoch Indicator: currently floating at oversold position ( but also big reversal trending down rn)
Bolinger Bands: (I set mine up to have a set of 2, bollinger bands for one and 2 steps of standard deviation), and its just crossing the 2nd standard deviation oversold band.
Channel Resistance: been operating in a ...
Rst: 6.00/ 6.28
Bullish uncharted territory breakout plus push above Fibo Extension 100%, will generate continue trading interest towards 161.8%, as this is second push after failed attempt on 12-Jan, the success rate is high.
Toyota, much like many stocks and indices around the world, has an all too familiar flag formation off the March lows. Toyota's is very clean in structure, with two distinct "humps" inside of it. I very much expect this to break down.
In the first crash, it broke a long-term trend line (red) that dates back about eight years. That will be easily broken again...
This is a fairly Easy one, even though there is a short term diamond pattern formed & a short term resistance at 4.5, overall it is on a uptrend.
Enter on a small position if less faith, with a stop loss set at -5%
Disclaimer: This is only a sharing of how I analyse & plan my trade.
Based on Technical analysis, it seems that for a short term investment there is possibility to go long (Option A).
Wait if the dotted amber line will work as resistance or not to decide if keep going long or short (Option B).
Theoretically, due to the Virus the market should be very slow or perhaps it will move sideways for the next months.
Toyota seems to have finished primary corrective weave 2 up and is now tracing primary wave 3 down. If this is the case, prices should decrease below 108.00. If prices crosses up 130, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
Seems a legit trade, as several keys parameters are checked. RR is not that high so maybe open a lower lot is a good idea. This pair is breaking BB around RSI50, that often proves to be a good resistance. If truly broken, we could expect some profits.
Trade with your own diligence,
Here is a not serious trade but I was waiting for a setup like this to try something based purely on technical.
Usually this kind of method sucks, but I want to try. That's why I'm buying here the cable for on reason : LBB on TMS has broken below 0. It happened on daily before and are "usually" followed by a knee jerk reaction. SL is very tight and TP not very...
Hi there fellow traders. This is an upset trade, on one of my weakest pair so be prepared! Another potential fake breakout on daily that I have already tried to catch before. So we are still in consolidation.
So why now?
Because my strategy tells me to, and we have a good RR. SL is not very far and with current instability in Europe it could be at our...
This setup is one of my favorites, as we have a usual breakout on TMS strategy on daily TF, back up by a weekly pattern looking like a small reversal. I believe we could achieve 0.98ish if price is able to break through the first fib. Good RR.
Trade with your own diligence,
Hi guys, I'm seeing a nice breakout on USDCHF on daily TF. It won't be a long trade (time wise) because of bullish movement on higher TF (monthly) that could lead to a new bullish sentiment for this pair as we are leaving consolidation. For the time being, daily TF seems to be heading south and we intend to take profit about it.
As usual, PAC has been broken but...
Nearly one year trading with takings notes on TV. April has been an ok month with taking back positive results (barely over 1%). Keep in mind that arithmetics are merciless, you always have to win more % back than what you loss before. Let's keep up and see if good results from last year and January were due to : luck, synergy b/w strategy and market or something...
This is what i'm expecting on this pair. Weekly timeframe is close to overbought with double top, so room for more upside would be an upset for me. Of course that is bound to happen sometimes, but my goal is to aim at profitable trade (good RR) with good chance of happening.
On this case, on daily this is less obvious because we will be touching the BB on TMS,...