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Gold Short SetupFor the majority of this week, gold was holding around the 1650 zone. Finally it presented an opportunity to for me to enter a short position, offering a 2.5:1 R/R. I targeted the 50 ema on the daily chart, as this was a reversal (counter trend) trade, which took profit a few hours later. Currently, the markets are extremely volatile due to the media reports on the virus. My advice is if you are not experienced, wait until this has all blown over before taking any positions! Have a great weekend! P.S If you want to learn more about how I trade, drop me a DM on here or on IG @saxonpooley!
OANDA:XAUUSDShort
by ProsperousTechnician
Introduction to the BEST Trade ManagerHello traders Let me highlight what the BEST Trade Manager can do for you. The Trade Manager adds another layer to your own systems, enabling custom user-defined stop-loss/take-profits and real-time analysis with risk-to-reward ratios. We made it as such the visual rendering is also very nice on mobile devices. Reviewing: - How to connect your own indicator(s) - How to read the graphical elements - The 8 Stop-Loss options - The 4 Take-profit options - The alerts and dynamic alerts for trading automation Links are in my signature for more information about it Wishing you all the BEST for your trading using it. Dave
Education
by Daveatt
8
BTCUSD 1H WILLIAMS %R MOMENTUM STRATEGYStep #1: Wait for the best Forex Momentum Indicator to get oversold (below -80). Then rallies above the -50 level before Buying . Step #2: We’re going to use Williams %R, the best forex momentum indicator in a smart way. In an uptrend, we buy after the best forex momentum indicator has reached oversold conditions (below -80). And then rallied back above the -50 level. Note* If the %R momentum indicator continually stays in oversold territory (below -80 level), it signals a strong momentum and conversely a strong trend. Inversely the same is true in a uptrend. Step #3: Place Your Protective Stop Loss below the Recent Higher Low. We want to hide our protective stop loss. It is below the most recent higher low level that formed right before the best momentum trading strategy issue the buy signal. Alternatively, you can also trail your stop loss below each most recent higher low. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal. Step #4: Take Profit once we break below the Previous Higher Low A trend in motion can stay in that state longer than anyone can anticipate. And since we want to maximize our potential profits we let the market tips it hands before liquidating our trades. In this regard, we look for a break in the trend structure. Respectively a break below the most recent higher low. Alternatively, you can take profit once the best forex momentum indicator breaks below the -50 level. Note** The above was an example of a BUY trade using the Best Momentum Trading Strategy. Use the same rules for a SELL trade. Summary The best momentum trading strategy (%R) leverages the tendency of a market’s price to continue moving in a single direction. This is where the momentum might be upwards or downwards. In essence, market timing is crucial for a momentum indicator strategy. And in this regard, we incorporated the best Forex momentum indicator (Williams %R) in our momentum strategy. Here are some of the trading conditions you want to avoid in the forex market. Timing the market can be a daunting task. But our team at Trading Strategy Guides believes that using a pure price action can get you a long way. Check out our Price Action Pin Bar Trading Strategy.
COINBASE:BTCUSDEducation
by Tradingstrategyguides
4
AUDJPY SHORT. ESTRUCTURE siguiendo con la tendencia dominante de 1D que es bajista, podemos observar como en el grafico de 1H tomo un impulso fuerte y el precio se canso en una zona de reaccion constante, teniendo en cuenta lo anterior y una clara divergencia, seguimos a descomponer el mercado en grafico de 15min marcando la estructura, tomamos el ultimo bajo mas alto como referencia para el posible rompimiento de estructura y entramos al rompimiento y retesteo por un retroceeso o correccion del anterior impulso en 1H. ENTRY SELL PRICE : 75.850 TP1: 75.550 TP2: 75.250 TP3: 74.750 StopLoss : 76.150 (30pips) ENTRADA MARCADA EN M15
Short
by DAVIDMT
I may have to give up my hopes of 5.4k....In my last post I called for 8.6-8.8k. We hit our target, and then some. I hope you guys took at least some profits. A) Was our 14k* top. At which point we created a beautiful Chuva Fork on the WEEKLY Chart (Pale Orange Dotted Lines from 14k % 12k). We proceeded to correct down to 6.4k. B) 6.4k saw a beautiful bounce after clearing the stops from 6.5k, and we haven't looked back since... C) We're now dipping our toes into a Bearish 3Day Block, so I expect at least a minor correction. A pullback into the Bullish block in yellow (around 8-8.2k) would be ideal, and quite healthy. That being said, we can certainly grind further into this block before correcting. Ultimately, I think this leg up has some more fuel, and probabilistic-ally, I see us testing that Daily Bearish Block around 11.1k (currently UnTested). So long as we hold that Yellow Box & or Pitchfork, I remain Bullish, targeting said areas. Should we lose the Pitchfork, I'd be flat on all leveraged positions, only holding my Long-Term Spot. As always, practice solid Risk Management, and good luck trading!
BNC:BLXLong
by mrjones2020
EURCAD 4H SHORT TRADETSG MONEY MANAGEMENT RULES. 1 - Enter 2 trades @ Sell Limit @ 1.4554 - 1% Trade Balance each. 2 - 4H ATR = 25. 3 - SL = 1.5 x ATR (1.5 x 25 = 37.5 = 1.45915) SL for both trades. 4 - TP = 1 x ATR ( 1 x 25 = TP = 1.4529) TP is for 1st order only, 2nd order no TP let profit run. 5 - When 1st TP hit move 2nd order SL to breakeven. 6 - Trail 2nd SL behind previous fractal highs. Price moved up to retest a previous Sup/Res level. Sell Limit made @ 1.4554 for 2 trades. 1st TP hit @ 1.4529, move 2nd trade SL to breakeven @ 1.4554. Price had a bullish pullback and hit 2nd trade SL Price stayed below the previous Sell Limit level of 1.4554. Price re-setup short trade and re-entered another Sell Limit order @ 1.4554. 1st TP hit @ 1.4529, 2nd SL moved to breakeven. Price created a new current fractal low support of 1.4513. Moved Trail SL to current fractal high @ 1.4537. Price created a 2nd current fractal low support at 1.4483. If Price breaks that level then Trail SL to 1.4505 current fractal high. Continue to trail SL if Price continues its bearish move. This current EURCAD 4H Short trade was found by DACapitalTrading Jan 13th. We added to this short trade our TSG money management trade plan.
Education
by Tradingstrategyguides
8.5 as anticipated, now what for BTC...Ok, you got me, $8470. In my previous post, Bull-still-not-giving-up/ , I set my sites on 8.5, which corresponded to the 8/1 Gann Fan coming down from 14k. A "Last Stand Level" for Bears, if you will. We tapped it (near), and got rejected (as anticipated). I hope you guys took some profit at/near these levels. No one ever went broke taking a profit! A) Our Osci has put in a new high, leading me to believe we still have more Bull Juice in the tank. B) The consolidation which led to this breakout, the green box, is Un-Tested. Should we correct, be it now, or at 8750, or 9.2 or <>...This would be an area I'd watch closely for an opportunity to Re-Enter Long (7.5ish). C) This 8.6-8.8k still looks like a good area to stop and re-fuel (correct). I'd like to see us take 8.8 or so, then correct to 7.5 or 7.6, for another run at 10k+....but I digress, and we're just speculating now. Ultimately, we're in the beginnings of a possible turnaround (mid term/macro scale). Breaking that 8/1 and holding (so far) is a very Bullish sign for BTC. Should BTC Break/Hold 8.6-8.8k region, the FOMO will likely start really ramping up. As always, practice strict risk management, enjoy yourself, and good luck trading. 7.5 or so is a clear Buy The Dip zone at this point. 8k may even be a possible opportunity, I'll be monitoring PA development closely.
COINBASE:BTCUSDLong
by mrjones2020
TSM, Taiwan Semiconductor Manufactoring - Take ProftNYSE:TSM How do we look for the classic patterns of technical analysis? Every weekend we screen the markets of our interest and set alerts. When do we enter our trades? On our classic strategy, we enter on Friday, i.e. after the confirmation of the whole week. In this case you can easily determine at first sight this head and shoulders of continuation. So you think it is difficult to visually detect these patterns? Good Trading to All!
NYSE:TSMLong
by SwissTradingSchool
ATR MONEY MANAGEMENT FOR GBPAUD & EURUSD 4H & 1DUsing a set amount for SL and TP for different pairs and time frames is not effective money management. Using the ATR for a specific pair and time frame lets you custom yur SL & TP for what that pair actually moves. ATR 1D takes the last 14 candles and adds up then up together and then divides that figure by 14. Now you have an average of how much that pair moves in a day. GBPAUD 1D ATR moves 133 pips GBPAUD 4H ATR moves 47 pips EURUSD 1D ATR moves 42 pips EURUSD 4H ATR moves 15,6 pips This helps me determine a more accurate setting for my SL and TP for the pair I am trading and the time frame I am using.
Education
by Tradingstrategyguides
USDCAD SHORT TWING, SINGW & INTRADAY en las 2 entradas anteriores posteadas del USDCAD tomamos ganancia por un total de 300 pips ahora vemos como el precio llego a la zona marcada para buscar ventas en 4h y 1d y observamos que nos crea un patrón de doble techo junto con divergencia y confirmacion con fibonacci en temporalidad mayor, esperamos shift of momentum en 5M y tomamos una entrada a corto en swing, y la entrada en 1h la tomamos despues del doble techo y ahora esta dando reentrada al retesteo de la ema 20.
Short
by DAVIDMT