This is a very common technique used to plan an entry by placing a buy stop above the last candle high.
The ATR at the point of entry was about 14pips and I typically use a 1.5 to 2 times ATR.
The trade is still opened at this point and time and i'm waiting to move my stop loss higher to protect
I do not know the extend on this rally but I know...
Hi guys, I've taken a trade on EURJPY but was not in time to share.
Got in at Point D, which was at the completion of the pattern.
As usual, I like to give my stops 5-8 pips below point X and
the pattern appears to be counter-trend by nature so, I am targeting
T1 at 38.2% to exit fully.
Another trade i'm looking to potentially long is the EURGBP 0.49%which has just broke out to the upside.
A simple pullback (3-7 1 hour candles of consolidation) or deeper pullback to the Daily Bullish
Structure will be ideal to execute this strategy.
A bullish Bat has form up on the 1 hour chart for entry.
Usual rules for Bats are Entry on 88.6% and stop below point X.
(I try to place stops from 5 to 8 pips typically trading 1 hour chart.)
i'd look to exit on 32.8% fully as AUDUSD is bearish short term.
You can skip the trade if you feel uncomfortable, but I try not
to cherry pick.
The psychological aspect and my thought process
Hello everybody, I'm so sorry that the migration did not as fast as I'd like it to be and, finally on last it's done and I can be back on trading.
Before i touch on how i would trade, i suddenly thought sharing my thought process would make so much more sense because literally you
will understand how i use my...
I am now aiming to short the EurGBP as a fresh down channel has now formed.
So, what i'd be looking at is a pullback to the previous structure, marked in red.
Aggressive entry will be to queue limit to short and set stop loss to above red zone.
Defensive entry you can look to 1 hour chart to watch for reversals. "Lower high, lower candles"
Hello everyone, i haven't been publishing much this week due to some platform migration issues. So, keeping my fingers
cross that all will be resolved next week, Now, i'd just concentrate on delivering my educational series and hope to
continue to benefit the trading public.
In the first part, i shared a very simple momentum trading strategy. Simplicity works...
Hi everyone, sorry for slow ideals presented. I was taking a break myself, after bouts of O.T trading.
Ok, so coming back to the market in Asia time, i am doing my usual analysis on ES and found 2 ways
to trade it. After the recent low has been form, ES is now consolidating.. I don't want to try predict
will it form a new multi year high, or it will be of a longer...
Many stuff to trade. Aha don't be afraid to miss out just have to wait patiently.
We have a longer term bearish Bat on the 4 hour chart, a bullish Bat on the 1 hour (violated so not counted)
and a sell zone. Those who feel MXN have strength against the USD, you can attempt a structure short
as shown by the red arrow pointing to the red zone.
I had miss the entry...
Dear readers, sometimes futures trading can be very dry as we could only pick what the
exchanges offers. I'm not going into technicalities on all these as i presume everyone should have
good or better knowledge then me.
Do i trade with market marker? Yes i do. It's just too many work to be done on myself everyday thus
i can't publish so much at one time. Do...
This will be a relatively shorter post and is a follow up on Part 1 (phew.... Good for me and you LOL)
So, i got this situation where there was a breakout on the 4 hour, mark with a dash line on the 1 hour.
The first thing that came to my mind will be:
A) I want to long
B) I will not short even if there is a reversal (Unless 7700 is broken)
C) Where will i long?...
Please ignore the previous post as I lost internet connection
Dear all, as mentioned i not only want to share trading signals and ideals but more on my psychology.
There are tons of signals and ideals just on this platform itself. I do not see I'm the best out there, nor
am I not trying to be special or trying to sell something. I have always been wanting to...