mstmehmood

mstmehmood

I'm playing support and resistance levels to place 2 trades. I've placed a buy stop and a sell stop order, regardless of where the market moves - this should hypothetically play well. Let's see how this goes.

mstmehmood

I've identified a double bottom in this chart - projecting the trend to reverse from bearish to bullish. Projected breakout range is the distance from support to the resistance starting from the breakout point going upwards into a bullish phase. I've placed a buy stop order close to the resistance level and my stop loss is my last main identified LL. Let me know...

mstmehmood

After the identification of a sideways market, I've placed 2 trades (buy stop and sell stop) based on the same understanding that the probability of a successful trade can be optimized through this strategy. The remaining calculations are based on the previous principles I've used. Let's see how this one goes.

mstmehmood

Made a mistake in my previous sideway trades, I should've taken 2 trades, one with a buy stop order and one with a sell stop order. This time I've made the appropriate changes, to further increase the probability of a profitable trade. All the remaining calculations are the same as I use before. Let's see how this one plays out.

mstmehmood

I've tried to play a buy stop order in the given market. Drew the 3 support and resistance levels just as before. Stop loss is placed slightly below R1 and entry price is placed slightly above R2. Risk percentage is 1% on each trade and profit calculation is based on the same method I started with. Let's see how this one goes.

mstmehmood

This time I've attempted to place a sell stop in a non-trending market based on support and resistance levels. I've identified 3 levels of support and 3 levels of resistance using the same methodology as the previous idea. The entry point was a little below S2 and stop loss was configured slightly above S1. The calculation of profit levels and risk level has...

mstmehmood

Today I've tried to place a trade in a non-trending market using support and resistance levels. I've defined 3 levels of support and 3 levels of resistance. Using the 4h chart I located the highs and lows and came back to the 1h chart to place the trade. Using a particular methodology, I placed my entry point slightly above R2 and the stop loss slightly below...

mstmehmood

For this analysis, I'm playing on the trend line and Fib retracement. Sharp and close HH's and HL's - RSI is clear and is suggesting the trend will stay bullish. Entry point is based on fib + trend line and stop loss is using the same method as previous. Let's see how this one plays.

mstmehmood

After a deep fall, there seems to be an uplift in the trend. I've identified my stop loss using the same methodology I've been using since I started. Given the trend is new and bullish - I've used the Fibonacci Retracement to find a good entry point. My only concern is that it's already touched that number once. Maybe I should've made an immediate entry. Let's see...

mstmehmood

Patterns of LH's and LL's identified. I've used the RSI indicator to evaluate divergence - and there doesn't seem to be a trend reversal. I've used the Fibonacci Retracement to take my entry point. The equation for stop loss is the same as I use before. Profit levels are evaluated given the amount of risk taken. Total risk is 2% with 1% on Trade 1 and another 1%...

mstmehmood

Using the trend line, I've identified a bullish trend for AUD USD. With a review of the divergence, it seems like the trend will keep its pace. I've also used the fibonacci sequence to double check my numbers. However, since my entry point was too close to the current price, I was unable to place a buy limit order and had to take an instant buy. Profit levels...

mstmehmood

In todays analysis, I've added 3 more concepts to play. Namely, Trend Pattern (via the trend line), Fibonacci Retracement to predict a better entry point with a higher probability of success and of course, Divergence to get an understanding of the momentum via RSI (identification of trend reversal). Given that the HL and LLs are quite clear that this is a sharp...

mstmehmood

Identified a clear bearish trend. Working along the same lines as before, I've tried to come as close to the Stop Loss as possible. I'm expecting the market to keep going bearish, let's see how this plays out. Let me know what you guys think.

mstmehmood

Identified yet another bullish trend for CADCHF, moving forward with the same practice - I've tried to place the Stop Loss a bit closer after witnessing bullish signals. I believe I've identified the new HL moving forward towards a newer HH (hopefully). Let's see how this plays out. Let me know what you guys think.

mstmehmood

I've identified a bullish trend. Same concept as the last chart, I've tried to focus on getting closer to the stop loss rather than placing a buy stop order. I've identified the chart and expect it to hit yet another HH and before that book my profits. Let me know what you guys think.

mstmehmood

I've identified a bearish trend, trying to be closer to my stop loss. Changing the direction this time around as last time I was creating a sell stop order, this time the entry into market was immediate. Profit levels have been proportional to the distance between my entry and the stop loss. Let's see what becomes of this.

mstmehmood

I've identified a 'Bullish Engulfer', and I'm expecting to identify this as the new HL. As its closer to my stop loss (the previous HL), I've entered the market expecting this to go bullish.

mstmehmood

I've tried to ride the curve while in the correction phase. I'm expecting the chart to hit another LH and then move into a LL.