1. Market moves lower into 0.70017 for a buy
Long : 0.70017
Stop : 0.69832
Target : 0.71520
R/R: 18.5/150.3 pips (1:8)
2. Adding another position if price breaks and close above 0.70286. I see this as a break in market structure.
R/R: 46.6/121.4 pips (1:3)
Market moves in your favor, take some position out and trail stops.
Market can run higher with no pull backs. Ideally, I want to see market move lower run stops at obvious support ( clusters of stops and pending limit orders resting :4905) into the blue box. I will hunt for bullish chart patterns for long setup. Market can move lower find support at 4905 level and move higher. For this scenario, i want to see a rejection ( spends...
What I want to see for me to get long?
I want to see price move lower, run stops on weak longs. As soon as price breaks and closes above the pivot ( PYL- previous year low 0.24653) i will be looking to get long. If price continues to move higher, i will wait for price to break and close above the (YO- year open 0.36085) add another long position. Targets are the...
This pair is in a trending channel. Notice the resistance at 112.135 level. The market is in a choppy phase or efficient. I am expecting a imbalance in price or an extreme move in the upside. I suspect smart money is pairing orders and breakout traders will pile in to run price higher.
If price breaks and closes above 111.955 level I'm long. I will post a 4...
I believe the dollar is posed to move higher. The US dollar is at major resistance at 97.70 and a weekly fair market value at 98.50. If the dollar is reaching for higher prices up to the 98.80, that is roughly 100 pips or move. That is the same distance i will be trying to cut off my position in half and/or tighten my stops.
Dollar is moving higher so is the...
How would I move price if i was a market marker?
I want to see price run higher and raid protective stops resting above the weekly breaker 1.95820 level. Notice how many attempts market push through weekly breaker. This is area of obvious resistance, i suspect a cluster of stops resting above this level.
Manipulation Phase: If i was a market marker, i would...
I AM LONG THIS PAIR IF PRICE BREAKS AND CLOSE ABOVE 0.86755 LEVEL. I WILL HUNT FOR BULLISH SETUPS AT LOWER TIME FRAME FOR LONG EXECUTION. I WILL MANAGE MY TRADE EITHER BY TRAILING STOPS OR CUTTING POSITION SIZE . THE IDEA IS TO SIT ON THE TRADE AS LONG AS THE MARKET WILL PROVIDE THE OPPORTUNITY.
HOW I PLAN TO GET ON BOARD FOR LONG
I WANT TO SEE PRICE OPEN AND RUN LOWER, RUN STOPS AT PREVIOUS WEEK LOW INTO THE KILL ZONE, AT THE KILL ZONE I WILL HUNT FOR BULLISH PATTERNS AT LOWER TIME FRAME 4HR/1HR FOR A BUY. I WILL ALLOW PRICE TO MOVE LOW UPTO 1.28230 LEVEL. I DONT WANT TO SEE PRICE BREAK CLOSE BELOW 1.27729