trutt79

trutt79

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 my profit. I do not know the extend on this rally but I know...

trutt79

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.

trutt79

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.

trutt79

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.

trutt79

Guys this is just a supplement chart to the education series Part 2.1 of why i avoid trading 3rd wave and beyond.

trutt79

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...

trutt79 Updated 

Hi guys, if you are trading crude i'm not sure if this is helpful? Sell limit order below the red box, stop above the red box. Target 1:1 first then aim for the retest for low at $47.52.

trutt79 Updated 

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"

trutt79 Updated 

No tricks no magic all you need is? Patience! Let's see how it goes from here. Getting near to T1.

trutt79 Updated 

Just to keep everyone in the loop, i am waiting for a deeper retracement and its pattern. However the 15min one is still valid until Point X is broken so have to decide carefully!

trutt79

Hi everyone, found 2 bullish Batman both on 15 min and 60 chart. Again, entry at point D, stop loss below point X. Target 1 38.2% and Target 2 is 61.8% retracement from D to C point. Good Luck!

trutt79

A bullish Bat formation has formed. Entry is slightly above Point D, stop is below point X. Exit is on T1 at 38.2% and T2 at 61.% on retracement from D back to C point.

trutt79

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...

trutt79

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...

trutt79

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...

trutt79

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...

trutt79

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?...

trutt79 Updated 

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...