Background: - Several bullish reversal candle off 50MA support in this bullish trend Entry: - Buy Stop set above 4 Jan 2017 bullish reversal candle top @ 2.57 SL: - Set at 50% fib of the entry candle @ 2.505 TP: - Set at previous swing high @ 2.675
Background: - Double bearish reversal candle/shooting star formed near the 50MA resistance - Bearish price action also happened after testing of the 1.56 resistance (which originated from 2015 low formed in early dec 0.98% 2015) Entry: - Sell stop set at 20 Pips below the low of yesterday shooting star @ 1.533 SL: - Set at 1.62 (slightly above round number...
Background: - Within the channel noted that: 1.) Each bear run is approx 220 pips to 250 pips 2.) Each bull run is approx 140 pips - Bullish reversal candle spotted on 20 Dec 2016 after testing the channel support Entry: - Buy stop 10pips above the 2nd bullish reversal candle high - Set up triggered on 29 December 2016 SL: - Set at 50% fib level of the...
Background: - Multiple bearish price action occurred below the trendline resistance and horizontal resistance @ 1.668 - Subsequently several bearish reversal candle off 50MA resistance after 10/20MA crosses over Entry: - Sell stop placed well below the recent consolidation @ 1.64 - Trade triggered on 3 Jan 2017 SL: - Placed above 50MA resistance @ 1.66 At this...
Background: - Trying out this trend following + momentum strategy - To enter upon bullish reversal candle with both Stoch and RSI at 70 region Entry: - Buy stop @ 15pips above candle high @ 86.6 TP: - Previous swing low @ 89 region SL: - Set at 20pips below the low of the reversal candle @ 85.4 Alert: - Bull run has been for a while, will it extend or it will...
Background: - Bearish reversal candle + Fake breakout of inside candle formation at horizontal resistance @ 0.76 with bearish divergence Entry: - sell stop set at 15 pips below bearish reversal candle low @ 0.756 TP: - Set near the 50MA support or half of the channel range - Counter trend trade with recent strong oil momentum SL: - Set at 15pips above the...
Background: - Reenter after the #EURGBP Long - 30 November order being cancelled - In the overall picture, price is forming a possible H&S formation - Left wide shoulder is formed and right shoulder should be forming? - This trade is enter to trade the forming of the H&S right shoulder - In recent price action, couple of interesting price action pattern formed...
Background: - Bearish reversal candle (shooting star) formed after testing the recent high - Also, noted a bearish divergence at the 2nd bearish reversal candle Entry: - In this point of time, my trade has been triggered @ 2.631 (Was rushing out to work after i took this trade, no time for me to document in my journal) TP: - Set near previous swing low @...
Background: - In the overall picture, price is forming a boardening pattern and a possible H&S formation - Left wide shoulder is formed and right shoulder should be forming? - This trade is enter to trade the forming of the H&S right shoulder - In recent price action, couple of interesting price action pattern formed at this broadening pattern support: 1.) Morning...
Background: - A morning star formed at the trend line support that previously hold for 3 times - Also, a bullish divergence was formed after the swing low at the channel support - Within the channel noted that: 1.) Each bear run is approx 220 pips to 250 pips 2.) Each bull run is approx 140 pips Entry: - Long entered at market @ 16.69 TP: - Set @ 17.66 which...
Background: - Last Friday closed a bearish reversal candle after failing to break the channel support which held on multiple occasion in the past. - Seems like the price has decided to go south after 3 days of dojis.... - Previously took profit from the CADCHF - 20 October short in the previous bear trend Entry: - Sell stop of 15pips below the bearish reversal...
Background: - After my initial trade was stopped out #NZDUSD Long - 22 November, price has then formed a mini hammer at the channel support, daily horizontal support with round number at 0.7 Entry: - Hopefully this time round the bull momentum is genuine - Set 15 pips above the hammer high @ 0.7025 PT: - Similar to my previous trade on NZDUSD, estimated bull...
Background: - Yesterday candle closed a bullish reversal candle off the 10/20MA support and daily horizontal support @ 1.671 - Yesterday candle is also an indication of retest of significant area after previous price action broke higher out of the daily horizontal line and 50MA resistance Entry: - Buy stop at 15 pips above yesterday high @ 1.684 TP: - Set at...
Background: - The start of the week session closed a bullish reversal candle/bullish marobozu off the channel support and daily support line @ 0.704 - Also the candle formed a morning star formation - Within the channel, noted that each bear attack is about 400 pips while bull run went for 300 pips Entry: - Buy stop set at 0.7085 (10pips above yesterday...
Sorry, this is a duplicate idea which i amended my position display on the chart Background: - Note that this is a trade set up carry over from the # USOIL 2.66% Long - 10 November 2016 (not triggered) - 2nd bullish reversal candle formed and fake breakout of the inside candle formation after testing 43.11 daily horizontal support - With these, i believe that...
Background: - Note that this is a trade set up carry over from the # USOIL Long - 10 November 2016 (not triggered) - 2nd bullish reversal candle formed and fake breakout of the inside candle formation after testing 43.11 daily horizontal support - With these, i believe that bull is still in play in this set up Entry: - set at high of the 2nd bullish candle high @...
Background: - After the failed bearish divergence attempt near the weekly resistance 1, the price has then formed multiple bearish reversal candle at the weekly resistance 2 - The 3rd bearish reversal shooting star is quite bearish as the bear took out new high since 2014 and tried to forced a new low of recent days - As above, it seems like bear could serious in...
Background: - Back to trading after finalisation of US election - Long shooting star formed after bursting through 1.492 daily resistance area - Gap created on the 7 Nov remained unclosed, proves bear defending that price area Entry: - Sell stop placed 15 pips below the long shooting star low @ 1.4570 SL: - About 10 pips above the long shooting star open @...