EMkioko

EMkioko

Hello, I think imma be selling this pair for the next few weeks now based of that big shadow there. I have atleast a 1:2rr on it which falls nicely on the next zone.

EMkioko

Well, the market formed a lower high then a big push lower. -I like the lower high cause it could mean unwillingness of traders to want to buy the pair at high prices. - Id have also preferred the bearish engulfing candle to be a big shadow too but am willing to take risk on this trade for a 2RR

EMkioko

Its going up. You can see its forming higher highs.

EMkioko

This an example of a bullish big shadow and how i would trade it.

EMkioko

This an example of a bullish big shadow and how i would trade it.

EMkioko

-On this daily chart i see an interesting bearish big shadow that is sparking my interest in shorting uj. -The big shadow, is a 2 candle-stick reversal signal where the trigger candle completely engulfs the previous candle. -

EMkioko

Argument based on the bullish flag formed by the recent price action. Waiting for a strong bullish print just above the greyed support zone below current price to support my argument. If however prices breaks below the support zone, my bias is invalidated.

EMkioko

Am basing my argument on the bearish flag that has been printed in the recent price action. Bearish flags are characterized by the small wicky candles that print against the trend, a sign a market has paused a bit before the continuation of the trend with a major move. This from my backtests have always been high probability setups. We shall revisit to see how it goes.

EMkioko

A bearish big shadow just printed on usdchf. Big shadow optimizers: -Prints on a S&R zone -Higher high and Lower low than prev candle. -Candle total engulfs prev candle. We have a nice risk reward here

EMkioko

A moolah trade is a reversal signal similar to a double top. Only difference is that the second leg of the moolah is lower than the first leg. I usually have a 1:1.7 target or maybe enter on a retrace. Highly doubt we will see one here now though.

EMkioko Updated 

Kangaroo tails are reversal signals. Kangaroo tail optimizers are: 1. Prints on S&R zone. 2. Long tail small body 3. Space to the left

EMkioko

A bullish Kangaroo tail has printed once more on Gold. Valid reversal signal even though gold seems to be in a strong bearish trend. I'm loving that a big engulfing candle printed after the KT to signify more buying pressure. Lets wait and see.

EMkioko

Took this trade based on the reversal kangaroo tail that printed on the intraday level. Let's see how these plays out. Rules of trading the Kangaroo tail: Space to the Left. Prints on a S&R zone. Long tail small body Body in the upper 1/3 of the candle or the sake of a bullish KT

EMkioko

This pair just printed a Kangaroo tail on a major zone. Price hasn't been in the zone for quite some time hence the presence of space to the left. We got at least a 1:2 Risk reward. Worth the trade i see.

EMkioko

Audusd is approaching a major trendline on the daily. The pair could drop hard today or in the very near future if a good bearish signal prints at the current zoe

EMkioko

-This pair has me seeing price break out of a consolidation from which i would be interested in taking a last kiss trade -I will wait for price to retrace back to the edge of the box at 0.8907 and if price prints a strong bearish candle there, i would take the trade and eye price 0.8820 as my target. -Another way am looking to trade this pair is by placing a...

EMkioko

-Price forming big bullish candles after breaking the bearish trendline is a good sign of the market changing from the consolidation to continue moving up. -Another possible scenario is we could see price jump back into the consolidation and continue ranging between the prices 1.0970 and 1.0840. -A successful close of price above 1.1012 with a support on any...

EMkioko

Hello traders, -I have an interesting subject on Risk management on this post. -Most traders struggle with risk management, how much to risk per trade, what lot size to use, etc. etc. I know this because I struggled too before I sat down and thought hard and wrote this. -What are your thoughts on the same? -Critics will highly be appreciated too as we try...