New Century Resources Optimistic TimesNew Century Resources steps into optimistic times.
With the equity raise done, they are practically debt free, shortly before break even, Zinc prices are high and treatment charges are low, considering paying dividend, consolidated the share price to a better looking number, likely starting to mine copper is Tasmania soon, discovered more resources on their local turf. Not even considering these facts, the stock was highly undervalued before the equity raise. Just need enough people realize that the 2022 target price should be around 4.5AUD - 6AUD instead of the current 1.99AUD.
The trend is visible on the chart..
Breakeven
USDCAD SELL 15sSorry for the late publish. I was busy watching other pairs and it happened rather fast, being on the 15 second chart where I entered off confirmation. But I have reason to believe price is reversing towards the upside. So, this is more of a countertrend trade for a small 1:5 RR. Also, what held me up, was the acknowledgement of the countertrend. So, I waited for price to break below previous LL to take 30% partials and moved my stop to break even... Just incase.
The Problem with Breakeven TradesThe issue with breakeven trading is that when enough people are joining the market at the same place, be it a demand area or an order block.
Many traders like to secure their positions immediately.
This, however, creates liquidity.
Whenever a large group of people move stop losses to the same area, expect that area to be a target for the banks.
In this example, we can see buy orders being activated at an order block, a sudden push to make buyers secure their position, followed by a stop hunt of risk-free trades before continuing to the upside.
Do you ever get caught in situations like this?
Broke Even!Even though my entry was on the 5 minute these markups on the 15min chart. Price broke trend line and consolidation & gave me a partial retest. So i got in on the 5 min right after a doji. It consolidated and went in my direction, created a higher low so i moved my stop to break even and it went straight to break even. Overall it was a good setup.
When/How to move SL to BE and to profit in a running trade ?Hello everyone:
Today I want to discuss a topic in Risk Management, specifically on when and how to move your STOP LOSS to BREAKEVEN or in PROFIT when you have a running profit trade/position.
In an impulsive phase of the market, we want to make sure to protect our entry as well as secure profits.
In this example of EURUSD, I managed to get 2 entries in, and manage it to my best ability and secure profits
Trade close down for +7.9% profit
Original Trade Forecast and Analysis:
This is a topic that will have various answers across traders, as this is certainly up to each individual trader’s strategy, style, and management approach.
So understand there is no right or wrong, “holy grail” kind of decision.
It's up to you individually as a trader. I will share my management, and why I choose to go with these types of approaches, and you can certainly use them to your advantage to tweak/modify them to fit your strategy.
Few things to keep in minds are:
1. Moving the SL to BE or/and in profit is a way to protect your entry, as well as secure profit.
2. Sometimes moving the SL too early may “choke” the price, and you can get stopped out for BE or small profit. Then watch the price take off in your desired direction, which can create negative emotion.
3. Whereas sometimes if you don't move SL to BE or in profit, you can watch a trade that hits 3:1 RR or more, end up reversing down, passing your entry point and to your actual SL of -1%, which can also create negative emotion.
4. No perfect scenario or management when it comes to the aspect of trading, as every trade is unique, and different outcomes may happen, since the market itself is not perfect, and can do whatever it wants to do.
Now, I will explain my own management when it comes to moving SL to BE or/and in profit.
Certainly this is NOT the only way, nor it will be the best way, but over the years of backtesting & chartwork have given me reassurance on these types of management ways.
I will then show some real live examples on the trades that I closed down, and how I manage them as well.
CADJPY -
Original Trade Forecast and Analysis:
GBPJPY -
Original Trade Forecast and Analysis:
CHFJPY -
Original Trade Forecast and Analysis:
NASDAQ -
AUDNZD -
Original Trade Forecast and Analysis:
First, a general rule of thumb for me. IF the price has hit about 1:1 RR or so, and has broken past the previous recent lows,
I will move my SL to BE. There is no exception in this rule.
Again, I explained earlier that sometimes this will help you to protect your entry when price reverses, and sometimes it will choke the price.
In this case, I would rather take a BE first, and re-look for entry again in the same position, as long as the bias and the price action is still valid on both the higher time frame and lower time frame.
Second, once the entry is in some profit, say 2:1 or higher, I generally will move the SL up to about +0.5% profit or so.
Just want to secure a little profit while not choking the price entirely.
Third, once the entry is in 3:1 profit, then I will move my SL to +1% profit.
This is where I generally will decide whether I should take full profit here, or hold the trade for a mid-long term if the higher time frame has given me the bias.
Fourth, since the trade has already been in 3:1 profit or higher, generally we can expect a continuation correction to form now after the impulse phase.
If it's a smaller correction and price isn't reversing up sharply right away, I will move my SL to about +1.5% profit, set my alert above the continuation correction and observe the development of the correction.
This is generally a point where I can decide to hold the trade longer, or if it reverses up from the continuation correction, then exit the trade for profit.
Fifth, if we start to see a possible reversal development, then I will move down my SL to the recent swing highs/lows,
or just above the reversal correctional structure, and will let the trade tag me out for profit if it reverses.
Any questions, comments or feedback welcome to let me know :)
If you enjoy these contents, and the educational lessons are helpful, please press like, subscribe and follow for more.
Jojo
Update: Break Even at $54,000 USD in BitcoinThe only update right no it's to move our break even that I did put in my past analysis. Bitcoin it's still above o $50,000 USD and the price it's right now at $58,800 USD. We're continue up. This it's a good explication for us to protect our long position in BItcoin.
And look in this timeframe, this it's the 3 Daily timeframe and Bitcoin it's still bullish. In short term, we can to see a Bitcoin in the $70,000 USD. That it's my target.
Guys, remember this message: Bitcoin it's considered the best historical asset in the human history, it's because that in this timeout, people don't know the importance to use Bitcoin to save your money in absed what the Federal Reserve and central banks it's get benefits of this global financial crisi that our world pass today. Banks are destroying our wealth, our money, our restriction in our education system in what we would to learn and what not. And more ,important, our freedom it's prohibited in ourself. And people don't know what happening in this time. Yesterday, I was in the supermarket and commercial centre in my country Puerto Rico. I was in San German and I look how the goods and services it's up the price in based the inflation that there's a lot U.S. bucks in circulation i nour financial system, and we can't to continue print more money becuase in any time, the print money machine it's need to stop, and that, what will be to pass it's that our system monetary going to death, banks going to closed up to prevent that people don't wirthdraw the money, but althought if you have money paper, noticed that if you save your money below of your pillow, note that banks going and can to devaluate your money in paper just and simple print out more money. And well, a good percentage of this money it's going to Gold, Silver, Bitcoin and cryptocurrencies. For that, this it's my message. Meanwhile Bitcoin up, in our supermarket to buy goods and services going to be inflated and up the price until your money don't have any worth. Guys, much people are so late to understand it. The Federal Reserve it's so dangerous and we are in danger to put our future in hands of the banks or governments, they steal our future.
Bitcoin it's testing the $55,000 USD support!!!At the moment, I'm in long from $50,000 USD approximately. I'm in profit in Bitcoin and today, I want to update what Bitcoin can to do in the next days. For that, I'm more enfocous in Daily timeframe.
In 3 Daily chart, Bitcoin it's in the important key support above of $55,000 USD, if the price confirm and valid this support, Bitcoin have all chances to go to the way of $70,000 USD in the few days. Also, I put a break even in the price entry to protect my loss in Bitcoin, my loss will be 0 if Bitcoin it's down and go back to $50,000 USD. But, I'm bullish in Bitcoin toward the $70,000 USD.
And looking in weekly chart. Bitcoin it's extremely bullish, that movement it's like when Bitcoin was in the year of 2013, that it's extremely so similar as Bitcoin goes to parabolic.
What do you think about the Bitcoin price? Are you prepared and take my analysis to support your idea to entry in long in Bitcoin?
Ethereum it's up; break even!!!At the moment, the only update it's to change our Stop Loss to put above of the price entry, that it's a break even in tte $1,590 USD to protect our earnings in Ethereum. Our price entry was around of $1,484 USD. That it's a good profit for who follow this long signal in Ethereum.
It's so beautiful and perfect the Daily chart what Ethereum do today.
Congraluations for who folow me my signal earning profits in Ethereum!!!
Update: Litecoin continue up!!!; break evenIn this update, we see in H8 timeframe that Litecoin continue bullish. So, we're going to the moon toward the $400 USD, my target profit.
Now, I put a break even in the $212 USD to protect my earnings in Litecoin moving the SL for smart zone, as my price entry was around of $206 USD.
Guys, cryptoucrrency it's the best that I'd never know.
And in Daily timeframe, we're so bullish.
If you follow my long signal in Litecoin, congraluations for your, Guys, you will being now earning money in trading diary, specifically in Litecoin toward the $400 USD target profit just be patience and keep this position. For that, I'm so happy with my awesome work and I believe that I'm a crytpo-traders so distinguided and recognized in cryptocurrency. I like to catched the volatile market, for that crytpocurrency it's the best.
Litecoin: My 3 targets in profits and break evenAt the moment, the only update it's to move the break even at $190 USD to protect our earning in Litecoin. We're going in profit earning good but good Bitcoin, at least for me earning 0.05 BTC between this 3 entries to longer.
Now, congraluations for you if you follow me my signal, approxiately I go earning over $2,350 USD. For that, I'm so happy with this trade. If my 3 Litecoin positions goes to my target at $400 USD, I have the possibility to earn 0.12 BTC approximately between these 3 trades in Litecoin.
The Daily chart it's so bullish.
Wow, crytpocurrency are exploding, NEO, Dash, Litecoin, XRP and other crytpocurrencies are exploding to the moon.
Altseason it's signal that begin.
And also guys, I thinking to create topics to talk about of some minors coins as NEO, Tezos, ICON and other to invest a little quantity and just choose 5 minor crytpocurrency, as I have my 5 major crytpocurrencies Bitcoin, Ethereum, Cardano, XRP and Chainlink.
Bitcoin it's leading to the $50,000 USD soon!!!In this analysis, I put my third entry to long position in Bitcoin right now. We're in profit in crytpocurrrency.
For that, this it's a good plan to bought crytpocurrency.
The only udpate as in this idea, it's that I put a third bought in crytpocurrency and the first 2 trades it's protected with break even, I up the break even at $42,900 USD and we're earning in profit good money in Bitcoin, also in Litecoin too in the same time and earning good bitcoins, at least for me that I'm professional already to trade crytpos.
Update: Litecoin it's exploding; break even update!!!I reccomend to move your break even at $158 USD, we're earn this trade, I love Litecoin, we earn satoshis or Bitcoin to accumulate.. For that my guys, Litecoin it;s so, but so bullish in long term, for that I don't missign this trade to add more contract and get a smart strategic trade Litecoin.
In my first trade I was entry around of $134 USD and I'm in profit, and my second trade I was entry around of $152 USD and I 'm in profit too, in total I have 23 LTC contract, that it's awesome to long term in this trade contracts. We're going to the $400 USD to medium to long term.
Invest or trade in Litecoin!!!
This it's my chart that I love.
Update: I put a break even in BitcoinThe only updat it's to put a break even in the price of $36,200 USD to protect our earnngs in Bitcoin from the price of $34,500 USD. We're in profit, and we continue up.
Bitcoin it's look so bullish toward the $60,000 USD, that it's my next target to hit in medium term, for that I keep this position following the key 3 Daily chart and make smart trading and analysis.
I add these screenshoot of Daily chart to look that Bitcoin it's so bullish, the better chart it's the 3 Daily chart and we see that Bitcoin continue parabolic toward a bullish sentiment.
Ethereum it's into this little consolidation; but still upA the moment, looking in short term. Ethereum it's into this continuation of the trend. So guys, I believe that we would need to continue the trend, maybe a bearish scneario could be possible but we would need to know all information that we can to have a plan.
At the moment, we are in break even and I up a little the break even of $562 USD from $570 USD.
Now, looking the trade in Daily chart, at the moment, Ethereum can to continue up from $600 USD level in the next 24 to 48 hours.
EURJPY video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for EURJPY, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Euro/U.S. Dollar: Break Even + protif proyections!!!In this updated, we see a continue of their dropping for the Euro, we have left of 54 pips to reach our profit. So, we would be patience. So, just Ip ut a break even of $1.1727 USD to continue with this drop!!! And I secure 25 pips of profit.
Good luck on this trade!!!
Updates: Ethereum is bullish!!! We're in profit!!!Well, I suggested to put a break even in the $370 USD, so, our target profit will be $391 USD as I say you in my previously technical analysis of Ethereum.
So, if you entry approximately at $373 USD on Saturday, noticed that we're in profit earning good money!!!
So, I'm keep my position in long from Saturday in Ethereum toward the $391 USD.
MInimize Risk Use Break Even if it Goes in your FavorAlways use a Strick money management to conserve your money at stake.... Go for break even after the trade fires
Nasdaq Sunday Technical 20 09 2020Hello Traders,
Welcome to another interesting new week.
Tomorrow the 21st September 2020, we will have Jerome Powell speaking. So you ask who he is? He is the Chair of the Federal Reserve of the United States of America, which controls short term interest rates, he has more influence over the U.S. dollars value than any other person.
Guys, Please pay attention to this speech.
Looking at the Nasdaq100 video, there are plenty of signals, if and when the price breaks support or resistance, take your trades guys and watch the news etc for any changes in Price action direction.
Guys have a profitable week and Cheers to Your Profits !!
USDCHF risk-free trade for me, hahaI took a short trade, expecting the market to follow a bearish structure. And it did!
It made an uptrend, then it went up for quite a while, but now I am seeing a reversal pattern, and the fact that it hasn't broken the previous high just further confirms this potential downtrend
My entry price is just above this current high, which makes it a perfect opportunity for me to move my SL to breakeven. Because after all, the entry price itself is the perfect SL for this trade.
Still believing in a bear market guys, wish me luck!
Entry/SL: 0.91444
TP: 0.90460
short position closed at BEThe bearish engulfer never managed to gain its full momentum. Stops were moved to BE, which we hit earlier today... the lower time frames are showing a very clear flag. I am not looking to trade this for 2 reasons... the first of which is: We have lower volumes through the correction of the flag itself, however the hammer down candle right in the middle shows higher volumes. So structure is looking bullish, but price action is casting some doubt over this for me for now. Secondly: This is a 15min view pattern... Given the fact that the US Session will be slowing and seeing decreased volumes, this is unlikely to carry any real momentum overnight simply as there will be minimal fuel in the tank throughout the asian session. I am unlikely to trade this tomorrow as its NFP.
Bitcoin not looking greatNow many people have been calling for a short in Bitcoin recently and wonder if there is any bearish possibility. Well its the weekend and we seen week volume. A 500btc pump than 3k btc dump from this morning to now. Theres two outcomes atm sideways accumulation or more dumps.
Accumulation might be likely, but again we could go lower due to miner reward can't keep up with the zero demand atm. Why would we dump? Well like talked about before after the halving the new bottom is between low 6k to high 7k, yet with inflation you could say the new bottom is 7k and 8k range which backs up the sideways accumulation.
TA
-i drew a downtrend pitchfork from the high to sidways movement to recent dump. It shows we are in the midzone of great value for bitcoin, yet it is trending down and i suspect a massive move when we get close to the purple line at 8196 roughly.
-The support and resistence lines between 8728-8959 is pretty massive which is uncertainty as we go sideways.
-MACD is bearish, but it is over blown and could see a bounch back to 9121 before going back down
-RSI supports the MACD turning bullish with an oversold zone, yet could go sideways till futher movement down.
-We are below the ema, yet most the time we do have a bounch back creating a newer high.
I think bitcoin is a great buy between there 6-8k range, but wont be buying till I see further confirmation of more movement. Many people I know are predicting a near 20k btc by eoy, which we didn't 20k we hit in the 19k range, so we could hit 17-18k buy eoy by shorting their expectations. I put a short even tho I'm buying due to the fact the pitchfork points in more downward movement, yet we are close to miners breakeven point.
