HOW TO INTERPRET INTRADAY MARKETS, SCALPINGTHIS IS AN IMPORTANT CONCEPT REGARDING WAITING FOR CONFIRMATIONS FROM CANDLES.
Breakdown
CADCHF TRADE BREAKDOWNGood Evening! Hope you are having a great trading week! Here is a breakdown of how I managed CADCHF this week and my thought process overall. Hope you enjoy!
All CLIMACTIC Moves Aren't The SAME! - 05/19/20 RECAPHi traders,
I took 2 shorts on Tuesday, both of them coming from a climactic move breakdown. I treated them the same and ended up walking with a small loss.
We'll go over the minute differences and why I should've held the second one for longer!
My Trades:
1) TGT - SHORT @123.92, -0.34%
2) MRNA - SHORT @73.82, -0.24%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: -0.58%
Total PnL for the week: -0.63%
Good trades,
Tom | FINEIGHT
BRACE! THE DAX IN TROUBLE TOO! 😲In this screencast I explore some interesting features in the 1D and 3D time frames.
There is a very rare VHC on the Aroons on the 3D time frame. This has not happened at least since 2008! It usually means business.
Have a look.
As usual your loses are your own.
USD/JPY - Confirmed BreakdownAs a continuation of the previous USD/JPY idea, we have our breakdown now and the short time is now. Let's watch the price action progress over the next few days.
Entry point and Stop level indicated on the chart at time of idea creation. Profit target will be taken discretionarily (no set target) according to how price can go.
Stay tuned!
USDCAD - Mirror Image of NZD/USDJust opposite to the performance of NZD/USD since August 15th at least, CAD/USD has been trending downward and it has challenged its support level with a breakdown after failing to overcome resistance at the 1.31038 level. This is a short signal to me, but let's see how it goes!
Entry point and Stop level indicated on the chart. Profit target will be taken discretionarily (no set target).
Update On My Bitcoin Prediction!We have had the breakdown out of the ascending channel, like I predicted in the last video. Now, since that has happened we have another opportunity to get involved on the breakdown using a 2618 setup.
Plus we can look to trade this down on a stop and reverse at our major level between 7440 and 7200.
So Phase 1 has played out like I predicted. Let us see if phase 2 will as well.
As always, "follow your plan."
Good luck and good trading!
