Trade-setup
NO TRADING ZONE: aka NTZ (Forex)This strategy utilizes the CCI (31, close), MA (20, close) and finally HMA (200, close). Better on longer time frame charts but seems to identify trades on the 30M & 60M charts as well. When you open up a chart, anything in the grey area on the CCI is a NO Trade situation. Entry signals however do occur when CCI raises or lowers sharply @ the 0 line. When price crosses the 20MA and closes in the same direction as the CCI 0 line cross and is congruent above or below the 200HMA it's time to place a buy or sell stop and Stop Loss using most recent Support and Resistance levels. I simply multiply my SL by 2 for my (2 to 1) Risk/Reward ratio. Using a full lot, I'll close half my position when price reaches my Take Profit and use an active trailing stop placed at the most recent S&R levels. Also raise your initial SL to break even at the end of your first time cycle. Of course trade at your own risk, good luck and have fun:)
USDJPY 1H FORECAST (BREAKOUT)USDJPY has just broken down from it's uptrend and now looking to test S1.
We expect price to go further and test the 200MA, before it breaks and we see further downside towards S2, which is the long-term TP.
You can enter a short-term or a long-term play, and use the support levels as confirmations and SL points.
GOLDGold is looking bullish by technical analysis, as you can see that there is key support level and gold formed a bullish pinbar on weekly time frame, there are three type of taking entry on pin bar, it is depend on you how you get it. Best of luck and Like and Follow me if you found it useful. Thank You for visiting me.
UK100 Long Set UpPrice action is following structure. Both rallies up from the initial swing low have been equal in length. We're likely to see a re-test of previous highs which is in line with current structure.
Price is likely to reverse in the blue box from 6779 down to 6735.
Potential trade set up for a buy at 6735 is a 1.62% ratio trade with stops at 6599 and take profit at 6954.
AUDUSD / 4HR / 80 CENTS?COUNTER TREND OPPORTUNITY
PAIR: AUD/USD
TIME-FRAME: 4HR
TRADE: COUNTER TREND TRADE
Hope everyone is having a good April for
trading, we've have been doing extremely
well in the live room with a lot of pattern wins
on Gold and a lot of great setups thus far.
IF = Price action reaches our PRZ
THEN = Look for Bearish confirmation
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
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