Simple technical price action analysis, with SR, ZigZag, and chart patterns. Trade in the trend direction on a flag formation. The flag was broken and so we got an entry by the book. Money Management 4RR - SL - there is no reference point on the chart. This is up to each individual to decide the risk. - T1 - Target one, at the most recent support level, 85.6 -...
Simple trading analysis based on SR and trendlines. USDCAD is in a bullish trend, so the best trades will come in the trend direction, targeting new higher levels. There is a correction move going wright now, but next week might give the possibility of 2 BUY trades from 2 different buy areas, with 5RR and 7RR. Trade Safe!
Simple price action technical analysis based on SR and Fib extension. There are 2 Possible scenarios on 4h chart: 1. Buy on the retest of the double bottom, that is getting formed by the book, with a retest of the neck line. This trade has a 3RR targeting the next resistance area. 2. Sell as for the flag pattern, with a possibility of 4RR targeting 1,272 Fib...
Renko chart is a range indicator, that I use to identify trends, entries, and exits. Trading rules to consider: 1. Short trades on red bricks Buy trades on green bricks 2. There is no reference for SL 3. There is a reference for TP. If you are short after a red brick was created, for example, then the trade might be closed with the first green brick...
I am sharing this personal opinion after 15 years of career in financial sector. I have blown so many accounts as a trader in the start, that I have lost the count of it. The main reason, being trading for the wrong reasons, and focusing on results, or money. Trading is not a business, trading is a career. When you will start focusing on development, improvement,...
Simple price action analysis, based on SR and trendlines. AUDUSD is in a bearish trend, so the best trades will come in the trend direction. There are two possible SELL trades from two different bearish areas, one with 5RR and one with 8RR. Off course, there can be opportunities for counter trend BUY trades, but they will bring a little more risk with. Trade Safe!
On the preview analysis, I was targeting higher highs to be reached, so now that I got my TP hit, I am adding to my watch list for this month several Short opportunities. This analysis is based on trend analyses, support and resistance, historical price action, and Fib levels. Trade Safe!!
Side consolidation channel on 4h TF, with what can be seen as a False Break for the downside. If a Buy trade is to be opened, then there is a possibility for a 5RR. Trade Safe!
Simple chart analysis with Fib levels, ZigZag, trend lines, support and resistance levels. There is a good opportunity to enter Long on 1.618 Fib Retest zone, with an optimistic profit target, the trend line from the daily chart, that can bring up to 8RR. Ofccourse good money management for the trade with possible BE and scale out is recommended. Trade Safe!
The down movement on GBPUSD seems to have reached to the leg bottom, so if there is a change in trend, than it is possible to chatch an early entry with a 9RR. Trade Safe!
Simple price action analysis. If the actual resistance zone will hold, than a 3RR SELL trade is in play. IF the price will break the resistance, than this area will become support, and a 4RR BUY trade is in play. Trade Safe!
Simple price action analysis with SR and trend lines. If the current resistance will hold, than a SELL trade is in play, and for TP, BTC might fall to new lows. IF this resistance will be broken, than it will become support and BTC will might go to the next resistance level, which will give opportunity to a BUY trade. Trade Safe!
Simple price action analysis based on SR and trendlines. The price is breaking outside the consolidation channel, targeting two possible resistance areas. On Monday, BUY trade can be in play, but attention is required for false breaks, because the DE30 is still a down trend. Best trades will come later next week, SELL from the two resistance areas. Trade Safe!
Simple price action technical analysis based on SR, trend lines, and chart patterns. I have entered short, under the anticipation of a double bottom under development, after a very long up movement. It looks like the end of this up movement is to be reversed. This is a counter-trend trade. TP1 - Target 1 is at the first support line at 107.6 TP2 - Target 2 is at...
We can see how much Gold likes FIb ratios. Together with clastic trendlines on daily chart, we can create a bearish perspective and search for sell entry on Monday.,
The price is now at what seems to be the end of an up impulse. The price has already bounced 2 times from the high level, so we might see a small correction. Trade Safe!
The price has formed a rising wedge or a reversal pattern. Trade Entry - I am waiting for a retest of preview high. Trade Exit - SL is half of the channel height. - TP is 2 x channel height. Trade Safe!
This is a tutorial on how to increase RR and Win-ratio with aggressive entries. Better Entry = Better Results even if you might miss some trades. Better Entry = Better SL Better Win - Ratio Better Entry = Bigger TP or RR Rules for the given example. - First, you need to choose your entry. - 2nd, you need to create the TP by 2 times the distance between the...