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Trade 6: Short term simple Long Reasoning Strong short term uptrend Pullback to rising trend line Hammer candle at trend line Earlier breakout above 200-days and 50-days simple moving averages Trade Levels Entry: Buy limit at 0.8680 - Target: 0.8743 - SL: 0.8649 - RR: 2 All my trades will have Risk of capital per trade of 2% Stats before this trade Number of trades: 5 Winning Trades : 1 Losing Trades: 3 Still active: 1 Net return: -2.4% Remember -Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%. -A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year. Best Technician
Long
by Technician
10
Trade 5: Long USDCHF at Potential SupportReasoning: The price at potential support: Long term rising trend line 78.6 Fibonacci retracement for major bullish wave 1.618 Fibonacci extension for latest bullish wave RSI Oversold and showing divergence Long legged doj candle Trade Levels: Entry: Buy limit at 0.9705 - T1: 0.9813 - T2: 0.9950 - SL: 0.9640 - Average RR: 2.71 All my trades will have Risk of capital per trade of 2% Stats before this trade: Number of trades: 4 Winning Trades : 1 Losing Trades: 2 Still active: 1 Net return: -0.4% Remember -Never risk more than 2-3% of your balance on a single trade. And If you are a beginner 1%. -A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year. Best Technician
Long
by Technician
36
S&P / ES - Long, Short, Long...huh?After price broke out of the L-MLH, there is a high chance for test/retest - which in essence is nothing more then a pullback, but just with slanted lines... The white fork is a "Pullback-Fork" to mesure, how far price will go down 80% of time...to the centerline. Up there, we have confluence with the L-MLH (blue) and U-MLH (white) AND the prior resistance where buyers gave up. To me, this looks like a counter-trend short. I don't really expect price to hit the white centerline (as a target), but I can see a broken Sine-Wave center instead. Let's see... P!
CME_MINI:ES1!Short
by Tr8dingN3rd