Using Manny’s Multi fire strategy here
-Good divergence
- there’s structure to the market —> support and resistance hitting correctly
- macd line showing change in momentum
- stoch crosses!
- momentum shift in AO indicator
SL 1.04443 (the support area)
TP 1.05171 (40 pips hopefully hit)
I put a buy limit near quarter theory level @ 1.25525
I expect it to start shooting up once it hits this quarter theory to work its way back into the harmonic pitchfork.
Also a reversal zone touches this quarter theory zone
Should see a TDI cross soon...
Buy limit @ 1.25525
SL @ 1.25400
TP @ 1.26244
TP @ 1.26667
TP @ 1.27344
Relatively new pitchfork so...
First Trade
- Sell @ Market Price (1.27407)
- SL @ 1.27510
- TP @ 1.27195
Second trade
- Sell when in profit--> @ 1.27379
- SL @ break even point-->1.27407
Third Trade
- this is just a rash move b/c I'm already in profit anyway sooooo...
The market is above the median pitchfork so we should expect a drop in the market very soon=sell!
The M1 chart shows a drop...
Enter Market early and look for a sell. The trend has respected the fork.There is a cross in the tdi above the 60 level = a sell coming up.
Sell @ 0.87055
TP1 @ 0.86853
SL @ 0.87153
2nd trade if all goes well
- set SL at break even point @ 0.87055
- set TP at 0.86754
I sell again while in profit to maximize the amount i make in this trade... This is the plan...
Sell @ MP =1.2671
SL @ 1.26831
The previous high, just before the market price has a good ceiling and floor level to it, so i hope it will respect this resistance line and continue to go down. The tdi line also shows that the market is at 70... meaning its time to hop into trade at a sell.
The only thing that bothers me is the quarters theory... Will the first...
I think the market will rise and fall back down again. It will reach 1.12498 before shooting back down. Set SL at 10 in the demo. This is one of soon to be many practice runs.
Market @ 1.12321 BUY
SL @ 1.12221
TP @ 1.1245
