weiloon940718

weiloon940718

Simple trend trading strategy: 1. EMA 30 & 60 golden cross (uptrend) 2. retrace near to EMA 30 & 60 3. The candle closed price is above previous candle 4. volume is higher than previous trading day.

weiloon940718

The EMA 30 & 60 act as medium term support level for the uptrend stock, after the first wave, wait the stock price retrace to the area of the EMAs. Now can find for a candle with price closed above yesterday's candle, and with the volume higher than yesterday's volume. Put the stop loss below the nearest turning point, and we can trace the trend until the EMA 60...

weiloon940718

The candle breaks EMA 30 & 60, and closed above the EMAs for 3 days. Now there is a bullish engulfing candle, and the volume is slightly higher than last trading day, so there is a short term opportunity for the price to go up to the resistance level near 1.70. Close the trade if 1.06 is broken.

weiloon940718

Potential short to mid term uptrend formed. Cut loss if candle closed below 6.90. **This is not a buy/sell call, I am just learning.

weiloon940718 Updated 

The price breaks the key resistance near 2285 and the bull candle closed above the resistance level. The bullish trend may resume and we could seek to long the pullback. TRADE IDEA : BUY AT NEAR 2285.5 SL: 2279.5 TP : 2301.5

weiloon940718 Updated 

The price breaks the downtrend line and had retested the support-turn-resistance level near 2.663 (refer to H1 chart) but I missed this trade opportunity, so we wait it retest again the broken support level near 2.650 and the 15&21 EMA. TRADE IDEA : SELL AT NAER 2.643 (RETEST 15&21 EMA) SL : 2.676 TP : 2.590

weiloon940718 Updated 

1. The price meets resistance at FIBO 0.50 and breaks the trendline, this confirm the bearish trend. 2. The candle retest the structure resistance and EMAs, giving signal to sell. 3. Set SL above EMAs, or above the turning point 3.508 4. Set TP so that the RR ratio becomes 1:1.5 or 1:2, or set TP at neaxt structure support

weiloon940718

This is a typical support resistance and EMA strategy, first wait a confirmation of major resistance level, second, find a chance to short the retest, setting SL well above EMA (SL should not be too small as to allow some consolidation), To be prudence we can use 1:1.5 or 1:2 RR ratio.

weiloon940718

The price form double top near FIBO 0.618, and now the trendline is broken, the bearish trend is confirmed. We can look for short opportunity if the price retest the level near 1.64058. TRADE IDEA : SELL AT NEAR 1.64058 SL : 1.65100 TP : 1.60775

weiloon940718 Updated 

The price meets strong resistance at near 1216 but cannot break it. Now there is obvious bearish trend, we could sell the retest. TRADE IDEA : SELL AT NEAR 1196.50 SL : 1205.20 TP : 1171.61, 1147.42

weiloon940718 Updated 

The price hit key resistance near 2.720 and retrace, the uptrend line seems broken also so we can believe that bearish trend may begin, so we wait retest and short. TRADE IDEA : SELL AT NEAR 2.700 SL : 2.760 TP : 2.597

weiloon940718 Updated 

There is 2 lower highs formed so the bearish trend is more obvious, however the price reached crucial support, so we need to wait for candle confirmation to decide our trade. TRADE IDEA : SELL AT NEAR 3.110 IF THIS LEVEL IS BROKEN AND RETESTED SL : 3.223 TP : 2.880

weiloon940718

The price breaks the downtrend line and key resistance near 17.170, the bullish trend is confirmed by the bull candle closed above resistance level 17.170. TRADE IDEA : BUY AT NEAR 17.170 SL : 16.80 TP : 18.50

weiloon940718 Updated 

The price breaks the uptrend line showing possibility of beginning of bearish trend. So we could wait for a retest to sell. TRADE IDEA : SELL AT NEAR 1.07060 SL : 1.07900 TP : 1.05886, 1.04960

weiloon940718 Updated 

There is obvious divergent between candle pattern and RSI, the bullish trend seems not sustainable. Even though looking to short at high will be a risky option but it is worthwhile to try. A safer option is to wait price break the support level near 0.75110 and wait retest to short. TRADE IDEA 1 : SELL AT NEAR 0.75700 SL : 0.76200 TP : 0.75177, 0.73198 TRADE IDEA...

weiloon940718 Updated 

Even though the price form a double bottom, we still need to wait a breakout before entering a long position after retest the broken resistance. TRADE IDEA: BUY THE RETEST AT NEAR 113.600 (IF THE RESISTANCE NEAR 113.600 IS BROKEN) SL: 113.200 TP : 115.370

weiloon940718 Updated 

There is bearish engulfing candle in daily chart which may indicate the price fails to break key resistance near 1206. Now the trendline is also broken, the bearish trend is confirmed, we could wait the retest to sell. TRADE IDEA : SELL AT NEAR 1208.36 SL : 1214.23 TP : 1190

weiloon940718 Updated 

The price fails to break the resistance level near 1.06787, forming a bearish candle pattern as in daily chart. So we could wait a retest and sell. TRADE IDEA : SELL AT NEAR 1.06745 SL : 1.06945 TP : 1.05822