thisis second part of the afternoon session due to limited recording period. Yiihaaaa....!
Back test 8th July afternoon session FCPO AKM 2 Method + Fibo Retracement. Yihaaaa....!!!
Applying stochastic indicators would help us to detect the right movement of the price Long and Short. 3 Different Lines will determine the price movement exponential or saturated. Gud Luck!
easy 40 ticks possible short sell when observing indicators and oscillators. lets try and keep doing back testing to get yourself more used to ...
Backtest on FCPO trade using divergence oscillators and indicators
1. Did a short trade on FCPO as the signs point to downtrend. 2. Price doesn't agree to downward movement as the upbars vol. is higher. 3. We flatten the trade at 5 points cut loss. 4. We then observe the chart and price seems to be moving higher; we have entered Long and will update whether we have achieve target or exit with loss.
Lama tak update fcpo. Kajian structure market FCPO berdasarkan EW principle. okok. harap membantu
1. Entered a trade based on Discretionary on Green Pentagon. 2. Exit partial as the price progresses. 3. Flatten the trade when price comes back to the Entry Price for the 2nd time. Total contracts trade: Entry : 5 contracts. Exit partial 1 : 2 contracts @ 5pts. Exit partial 2 : 3 contracts @ 1pts.
- Did a Long trade as price was at the bottom and created a nice base. - Entry on 2nd Green Pentagon Guider with a SL of 10 pts. - TP at 20pts but monitor as chart unfolds; exit when Red Pentagon appears. Total contracts Entered: 6 Exit partial 1 : 2 contracts @ 5pts profit. Exit partial 2 : 4 contracts @ 5pts profit.
- Did a discretionary trade based on SO bar at 15:49. - Price broke the 200MA and the 20/40MA is closing. - At 16:03, Green Pentagon appears with price on Upbar. Exit the trade on the next bar with a small profit.
1. Using Gann square of 9 to determine potential support and resistance level. 2. Between each Gann level has a range of 33 ticks for FCPO. 3. Combination of Gann level and support resistance to entry. 4. Knowing the market condition is a must. (either sideways or trending market)
15min chart price break previous day low indicates a downtrend. New day price is open inside the range.
When the price is near the SnR it is where get it will get tricky...either the price want to continue the trend or reverse? The false breakout strategy : 1. Timeframe 15min 2. Identify strong valid SnR 3. Draw the zone by pick the wick and the neck. 4. If price breakout and 2nd CS close inside the zone, it is a false breakout and entry position after 2nd CS...
Yesterday's price was still in the range. Testing support multiple times. 1.Today price open break yesterday resistance. 2.All EMA uptrend 3.Stoch oversold However, the Stop loss is too large to take. Wait for another setup with a good risk and reward ratio.
1. The major trend market structure is an uptrend. 2. Early morning session continues from previous day give us short term trade for downtrend move. 3. Once the downtrend market structure is broken, prepare to find the long entry opportunity 4. There is 2 type of entry. Risky and safe entry. 5. Risky entry when EMA14 + EMA50 still below EMA200 while price...
Setup for Intraday : 1. Price near/ cross EMA200 2. Understand market structure either uptrend/downtrend/consolidation to be able to determine the SnR for the breakout. 3. Market trending confirmation by EMA14, EMA50, and EMA200. 4. Wait for a pullback when stochastic oversold/bought. 5. Make sure price reverse at least 3 candlesticks. 6. Entry when price pullback...
Hi Traders! As for now, there is still no sign that wave 3 has ended. Stay with the trend. Happy Trading
Assalamualaikum and Hi Traders! Price already break our validation level for bearish count yesterday. Looking forward to see price movement in classic 5 structure toward 3800-3900 area for this first motive sequence. Happy trading.