15m long bias post NYSE open. The 1h is in a short term uptrend indicated by the 8 and 21 EMA (orange
and red), but I'm not completely long biased on that time frame yet. Lower time frames are very bullish currently.
Here's a breakdown of a trade I took yesterday on Nas100. I've recently started working on a new system that combines 2 methods I've been using with a twist. This is the 11th trade for testing so far and the 9th win out of these 11 trades. It's obviously too soon to determine whether the system is profitable over the long term but from my testing so far it's been...
This trade wasn't intended to be a swing trade, but I had a profit target I calculated that price would reach, so I held the trade and waited for the target while trailing my stop behind to keep me safe. I took the entry off the 70.5% Fibonacci level and rode price action down as it broke for new lows over the past 2 days. I took this trade on Wednesday 24...
This was my third trade from yesterday. Price has been in a short term down trend for a few days after making new highs. I followed market structure and waited for a pullback to the 70.5% fibonacci level to take my short entry. On this trade there was a little drawdown but nothing telling me I shouldn't be in the trade. Price came down to my first target which was...
Short entry taken on EURUSD. The entry was taken off the 50% Fibonacci retracement level as well as coming off a small order block and zone of resistance. The higher timeframes showed me that price was short biased and wanting to come lower by breaking past previous lows and setting in new lows. When I saw that price was ranging I knew to wait for price to retrace...
The markets have been very slow these past few trading weeks, and this is the first good A1 entry I've seen in a while. The only knock on this trade is that it was still inside the Asia Range, which can cause the pair to range until it breaks out in either direction. This trade moved over 2R and broke out of the Asia range to the downside, but came back up off...
Many forex pairs are indecisive today with regards to their market sentiment, so I decided to put all my focus on the nasdaq today. Earlier today my strategy presented several entries but this was before my trading hours. I'm very long biased on nas100 on the intraday, so I waited for a pullback and breakout entry and manage to secure this trade. I went in with...
Transparency to show that I do lose trades when trading the open, but my risk management and small losses is what makes this trading style possible for me. It is very volatile and usually a scalping strategy when trading the open. Price did move over 200 pips into profit on my initial entry, but my first target point was about 500 pips so unfortunately I got...
I took my short entry based on what I've been seeing every day during market open. I took the entry as the market opened and had my Stop Loss set for 400 pips, and my Take Profits set at 400 and 800 pips, or 1R and 2R. I closed half my position at each R multiples and managed to secure 4.5% profits on today's trade
Took a short on Nas100 at market open yesterday. Price was above the pre market low, as well as coming off the top of a strong Daily pennant formation, but unfortunately this one went against me. I got stopped out at 400 pips in a loss but followed my risk management properly. I've seen from backtesting that some draw down is expected, and I'm not trying to hide...
Here is a look at my short entry on GBPCHF from yesterday afternoon. My Trade had 2 knocks against it as I was trading into the 800EMA and divergence, so I was very quick to pull my trade when it went against me. I had 1.5% risk on my trade and managed to close all at 1.26817, resulting in a loss of -0.66%. Unfortunately for me, this time around price carried on...
As you can see in the image, there is a bullish pennant forming on nas100. I don't trade pennants specifically, but it's definitely worth taking note of to see how price plays around in the pennant. I'm very much bullish on nas100, but I want to see where it manages to break out. For now I'll be dropping down onto lower timeframes to trade it intraday, but swing...
Recently I started publishing my nasdaq open trades, but I haven't been as consistent with posting them as I'd like to. So here's another one. Price was very volatile as it always is, but it was a lot more choppy before finally finding direction. Price was sitting above the pre market low, and even though it was in a strong uptrend for a few days, the short bias...
This is my short trade today on the nasdaq open. Originally went short at the open, and took a loss of 400 pips. I re-entered the trade as it came back up off the 61.8 fibonacci level, and took another small loss of about 230 pips. Overall down -7.5% on the day as I went high risk, but it's only the start of the week, and there's still plenty more to come. Notice...
This is my short trade on GBPAUD from yesterday afternoon. I'd been watching this pair for a while as it had a perfect L50, and the EMAs were very much short biased. I had taken a trade on this pair earlier on in the day that resulted in a 1.9% loss. Luckily for me I stuck with my short bias, and I turned out to be right. On this trade, I closed half my positon at...
C grades can still do well, as you can see by this markup with a trade moving 1.6R. To be fair this isn't a great trade as 2R wasn't reached, as I aim for 2R on every trade. However, it still would've been a winning trade because of how I manage my trades, but overall it's not a trade I would be in.
Another day, another reason to avoid low probability trades. Once again, day after day, the market continues to show me why I always follow my rules. Low probability trades can win or lose, but they tend to lose more often than they win, especially with the combination of an over extended candle inside the Asia range. These have been a loss after a loss and that's...
Another 2 knocks here on this ECHF short idea. I do trade counter trend EMAs, but the over extended candle is what kept me out. Note that there is also divergence, but this isn't something that I keep on my checklist due to backtesting. On C grades I will normally close at 1R, but because I don't take C grades and my rules tell me to close half at 1.5R, that's...
