FollowMyTrades

FollowMyTrades Updated 

Looking at a short on the UK100 weekly. We have an outside bar towards the top of the Bollinger bands. Not quite as high as id like but still worth a trade. We could see a pull back to 7500 before we see more downside. I'll be risking 1.5% due to the fact it doesn't hit all my trading criteria. Entry at 7470 Stop at 7600 TP1 7200 TP2 7000

FollowMyTrades Updated 

Looking at a quick long on EURUSD. Usually I'd let price retrace into the outside bar but as it pulled back towards the end of the trading day I'll be looking to buy on the open. First TP: 1.1200 Second TP: 1.1250 SL: 1.1100

FollowMyTrades Updated 

USDCAD is sitting in tight trading range at the moment. We have strong support at 1.3300 which has held strong for many weeks now. If we zoom out on the daily we can see various touches on the ascending trend line. Soon price could intersect at the support and ascending trend at 1.3300. I'll be looking for a decisive move north from the 1.3300 area looking to...

FollowMyTrades Updated 

I didn't get a chance to post this short on here as I didn't have my laptop with me last night, however, I did post it on instagram @ /FollowMyTrades Currently short from 74.10 TP1 - 72 TP2 - 70.2 Short due to outside day bar from top of Bollinger band and RSI (2) overbought.

FollowMyTrades

A simple trading strategy. Here we have a stripped back version of my trading strategy. I simply use outside bars to indicate momentum and turning points in the market. The first highlighted bar from April 2018 shows an outside bar completely engulfing the previous weeks price action. From here the market moves over 400 pips north. The second highlighted bar...

FollowMyTrades Updated 

Haven't posed for a while but still trading. Looking to short at 7410 Stop at 7490 TP at 7310 2% risk.

FollowMyTrades Updated 

Currently short EURUSD from Nov 20th at 1.14100 Looking at another short position from 1.1370 and another position on the close of todays candle as we can see rejection from the upper Bollinger band and a strong outside day bar. Target: 1.12000

FollowMyTrades Updated 

Looking to buy on the open this week. Price has shown a strong bounce from the 110 area. Price has formed a decent outside bar from the lower BB. Looking to target new highs of $150.

FollowMyTrades

I believe we will see some buying pressure at 25k and possibly push through 27k before the year is out. The weekly chart is showing an outside day bar from the lower Bollinger band. I'll have my stops just below 23900. Buy order at 25k.

FollowMyTrades Updated 

Looking at a potential short on EURUSD weekly. Outside day bar from top of the Bollinger bands. RSI not quite as high as I would like but still in the 90s. Entry on break of last weeks low or a pullback to depends what comes first: 1.16700 SL 1.18300 TP 1: 1.1450 TP 2: 1.1200

FollowMyTrades Updated 

Currently short from 1.3150 Outside bar on the 4hr chart rejecting from the upper Bollinger band. RSI also overbought. TP: 1.30500 SL: 1.32000

FollowMyTrades Updated 

Following a brutal sell off recently rolling a CEO step down, now could be the time for a long entry on SGE. Looking at an entry above Fridays high. Technical points: Engulfing bar on strong volume Rejection from lower Fib RSI 2 oversold May be good for a bounce. SL: 560 TP1: 608 TP2: 630

FollowMyTrades Updated 

Looking at a potential entry on Diageo. Price looking oversold on the RSI, strong volume on todays engulfing bar from the lower band. Although, some negative news re FX conversion rates it is a insignificant amount in relation to the total revenue. I want to see break above todays high to enter. TP1: 2720 TP2: 2840 SL: 2580

FollowMyTrades Updated 

This is a contrarian view on TTWO. I don't short very often and if I do its usually short term only. We have an outside day bar rejecting from the top Bollinger band forming a tweezer top pattern. I'll be looking at entering on the open tomorrow as long as price breaks todays low. SL at 140 TP1 at 128 TP2 at 120

FollowMyTrades Updated 

After my analysis of $TTWO I checked out other stocks in this sector. ATVI is looking like another potential short. Outside day from the top Bollinger band. Price is also in a downtrend with rejection also from the Fib .500 Entry on break of todays low SL at 76 TP1 at 71 TP2 68

FollowMyTrades Updated 

Looking at a buy on EURUSD on the break of this 4 hour candle. Strong rejection from lower Bollinger band and outside bar formed. RSI2 oversold. Trade is valid as long as this candle stays bullish on the close. SL 1.12500 Tp1 1.16200 Tp2 1.16800 Tp3 1.17400 Follow me Twitter @followmytrades_ Instagram @followmytrades

FollowMyTrades Updated 

Looking to short EUR/GBP on a break of last weeks low. Strong outside bearish week candle at the top of the Bollinger bands. Entry: 0.89500 TP1: .88500 TP2: .87000 SL: .91150

FollowMyTrades

So this is a quick example of how I use Bollinger bands to trade. I use standard settings on the bands and look for rejections from the top and bottom of them. Now, you will see lots if false rejections from these areas. Thats why I only trade outside day bars which have shown rejection from the top or bottom band. The days bar needs to complete engulf the...