So we finally hit our target. Profit on Position 1 - 1.65R Profit on Position 2- 3.32R
I like oil,i have made some money off my trades and lost some but net i am in the green with black gold. Here is another long term trade. The analysis is simple and hinged on the monthly with the channel that has just formed and we seem to be at the bottom part,so i was searching for an entry. The entry was made on the daily after the close of yesterday's candle....
We are still in this trade...we took some off the table at TP1 with an RR of 2.35 but looks like we could be headed for TP2 (RR 4.96)soon. Whats important now is moving stop loss to risk free level. This is one of those trades with a very good RR and will more than compensate for the little losses i made if it goes all the way through. Lets see how it grinds.
One of the good trades that did go my way. We are a few days from the 2nd TP,we already banked the 1st TP. So now im removing risk off the table and move to the 1st TP level @ 21 836. That way if price comes back we can still bank in that extra position.
Technically despite the December bull run on platinum we are still in bearish territory. On the monthly we actually have a thick cloud to go through which at the moment is acting as a good resistance. So my overall bias is bearish for platinum. The weekly candle closed just below the tenkan,which strengthens my bias but however does not allow me act on it just...
Howdy folks..after a good holiday break,im back now. Lost quite a few trades,but that's part of the game,my risk management still keeps me in. Okay so i notice a huge HnS developing on the rand. It looks better on the weekly but i will use the daily to make for entry. The yellow zone will be by confirmation zone. I want the daily to break that zone then come back...
This stock was battered and has been on a downward trajectory since May 2019. However i am observing signs of fatigue from the bears. The blue zone was an important resistance which was ultimately pierced by price ,price then came back last week to retest this zone and closed with a good inverted hammer. I take this trade bullish with an ultimate target of...
Good place to add to our trade. Remember we have an open trade on SOL since October. We open this on the back of that yellow zone which has been successfully defended since December. So we expect whoever is fighting this battle to take us to our Take Profit at the 35 000 zone. Very good RR as well. Entry: 30 100 SL: 28 565 TP: 34 900 I cant...
Lets take another long here. That blue zone was previous resistance now turned support. Remember we have a long term trade on oil but this is a short term trade in line with our overall view though. Entry: 64.54 SL: 63.52 TP: 66.55 Manage risk appropriately!
I got stopped out of this trade but my bullish thesis still stands and will probably get back in it. So il wait for the daily to recede then go up again and im back in the trade:)
The stock had a good run,a very good run, but it just couldnt go through the 15000 yellow zone. The stock then broke out of the yellow zone to the downside (more visible on H4) and then tested it with a good rejection candle. This is my entry point on the H4. The risk to reward is phenomenal if this trade is successful. Entry: 2 positions at 143731 SL: 146...
The blue zone was defended on the weekly since 17 December and the bulls seem to want to take this stock higher. Il take this trade and target the monthly tenkan zone (yellow zone) Entry: 4455 SL: 4320 TP: 4793 Risl management is critical
I enter on H4 with 2 targets. Entry: 2 positions @ 977.50 SL: 987 TP 1: 952 TP 2: 940 Manage risk appropriately...
We actually almost got to the 1st target...but anyway now its a waiting game!
I want that yellow zone to be hit by price and if we have a good rejection candle we take the trade in. Its a 3 part trade with the ultimate target being just below 5200. Entry: 3 small positions @ 4160 SL: 3945 TP1: 4592 TP2: 4787 TP3: 5129 The RR on this trade is very good,so you can use small position size and still make good return,no need to be greedy and...
So we start this analysis from the monthly. We had a very strong December which pierced through that blue zone which had acted as resistance since August.We know price likes to retest any strong zone broken through,so that is the basis of our trade,a retest of the blue zone. We also notice that at the top price is hindered by the monthly cloud which happens to be...
We could be headed for another Bullish retracement. We had a bloodbath from 12 November to the yellow zone which is a support zone. There are buyers willing to defend price there. The steep fall naturally means we should have a retracement of some sort and the blue zone is a good candidate zone since its the approximate 50% retracement zone or rather the Kijun...
Its seems someone doesn't want price crossing that yellow zone. Its been defended several times and we are seeing rejection on the daily making a double bottom also showing on the weekly. We take this trade and target the weekly tenkan area which is the blue zone but we put our target slightly below the 16000 round figure price magnet. Entry: 1 small position @...