AUS200 - SHORTING TIMETeam, yesterday, our AUS200, we hit all the targets last two days
Today it looks like another good short at 8226-8235
STOP LOSS at 8245-65 - depend on your risk level, always have better room for stop loss
TARGET at 8205
TARGET 2 AT 8180-8192
Once the price hit below 8200, BRING STOP LOSS TO BE and remember to take some partial 50-70% volume.
Aus200sell
AUS200 WAITNG FOR RETEST AND SHORT - DOUBLE TOPTeam, yesterday we had a beautiful trade with 6/6 all-target hitting.
But every day is another day, let's focus on today.
It looks like AUS200 will be moving in a tight range.
We only trade when the price kicks in our set-up range.
We want to short AUS200 AT 8178-8176.2 - (double top). Yesterday's high may be retested.
Our stop loss would be around 8208
Target 1 at 8159.20 and Target 2 at 8123.20
If it breaks below yesterday's low, will be going into the target 3 at 8105 and 8078 ranges
SHORTAUS200 AT MARKET OPEN – current price at 8225Good morning Team; it is Friday, and I hope you have a fantastic week.
We are preparing a short AUS200 at market opening in 30 minutes
Stop loss at 8266 or 8258
TARGET 1 at 8204.5
Once it reaches the 1st target, take 50% partial and bring stop loss to 8247
We are going to target at 8173.3
PATIENCTLY WAIT FOR THE AUS200 getting to our SHORT TRAPGood morning everyone.
we are waiting for the AUS200 to get into our position to short.
If the trade does not form into our position, we will focus on the US market opening tonight. It is essential.
We await the AUS fall below 8140-38 to enter our short position.
Our stop loss should be above the all-time high 8186. (Let your stop loss be a bit lengthy to accommodate fake outs which happens most of the times in the market.)
Our first target will be 8126; please note once it hits our first target, please take 50% profit
from our second target, 8103.7, and
third target 8055.7
AUS200 - This is what I expect the trend for todayWe have review the market for the AUS200, but we are expecting further downtrend base on the chart which we have set up for AUS200.
PLEASE NOTE: We are not enter this trade today.
We would consider short at 8012.60, with stop loss either at 8030.40 or 8062.7
target would be 7973.60
and target 2 at 7941.50
AUS200Dear friends, what we are going to see in this post is why I'm waiting to go long on AUS200.
Price was travelling in the downward direction in the 4h time frame and now it is the verge of a breakout. As it is a breakout for the first time from the downward parallel channel, price will reverse as there is a supply zone at 7146.00 to 7183.80. Even though price is near to the 8h supply zone still price is coming from the strong demand zone. Now you can see there is a heavy buying pressure. Whatever AUS200 goes towards the supply zone still it is coming from a strong demand zone. So, shorting at this time is little is a bit risky but small profit can be expected. Don't expect too much. Just book the profit if you are shorting and sit quietly for the price action. Because it is very important to stay protected our capital in the stock market.
If you look at this chart the price has a strong support to retest to go upside. Trend is down in the lower time frame, and it is up in the higher time frame. As we all know that higher time frame controls the lower time. So, if you want to go short, yes you can. But don't expect too much. Price may or may not go up quickly. But all I expect is that the price will go down to take a strong support and then go up. If you are a breakout trader and you're on the verge of the market high, then you can plan your risk accordingly.
The current supply zone will prevent the price from going up. The traders who have taken the long position entrap bulls. Everyone rushes to open a long position as the price is going up rapidly. But after opening the long position the price starts to fall after the frenzy that heats up our head. If the price of this script starts falling, then the best place to open a long position is at 7029.00 or 6921.00.
Look at the chart attached for a better clarity. Avoid buying in haste. Perhaps 7110.00 is a good place to buy this stock if it closes above 7200.00.
But it is wise to follow your risk management before taking entry.
I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways.
Thanks & Regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
FXOPEN:AUS200
Short opportunity on AUS200 /SPI200 According to Resistance Level on 4H timeframe
Divergence on 1h time frame
Fibo retracement to 61%
TP ans SL
ASX - Wave Revision - Wave E In ProgressUnlike the Dow Jones it appears that the ASX has seen the end of Wave D.
We are dealing with an ending diagonal Wave E.
We have already seen Wave i and it appears Wave ii is almost complete.
Resistance is 6775 so this would be a good stop level.
I am shorting this from the highs until I see a completed Wave iii Zig-Zag to the downside.
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AUS200CASH - 4H CHARTGreetings Traders!
I thought I would try something new this time.
After analyzing this chart, I was able to identify an upside down flag that will eventually become a short trend.
There's potential to make some pips on the uptrend before it reverses:
Stop Loss - 6152
Take Profit - 6223
Once the target has been hit you should get ready to trade a short.
HAPPY TRADING WEEK TO YOU ALL - PLEASE FOLLOW AND LIKE MY IDEAS.
AUS200 Potential Gartley (short term) Next weekAustralian Stock Market is closed for the weekend.
We have a potential c-d leg of a Gartley pattern that could happen next week.
If it reaches the D Leg at around 5811 to 5817 and holds, or show signs of reversal. It is also in an extreme zone where the price will also be in the range of the highest High on the Daily Chart.
We will anticipate a short term sell, however, if price breaks and close over 5820. We will not take the trade, however, be more patience and aim for a bigger short on the Weekly Chart.
No pending order at this stage, it will be on the watch list for next week.