A little peek into how I catch sniper trades with zero drawdownSorry guys, I didn't post today, but caught a cracker gold sell. I would like to give a small insight to how I look for sniper trades, especially in London open.
If you look at the 2 red arrows, you will see that during New York yesterday, price made a high of the day at the 200ema, which acts as a resistance/support, in this case it is a resistance for obvious reasons. The Asian session High came up to test this same zone, as seen on the second red arrow. Effectively making a double top in the higher time frame, that is the 1hr chart.
Price then broke below the 200ema, as well as the 50ema(red) in the Asian/London changeover, when price broke below the 50 ema, that ema became resistance and not support, price came back up to retest that resistance as indicated with the yellow arrow. When the price could not break that ema, and instead ended with an engulfing going short, that was my perfect entry for the morning. 140pips have never been easier. Patience and confirmation are key.
This is the simplest form of my strategy, there are obviously more components to how I trade, but this is the simplest and most fundamental way for catching great entries.
Boost if you like what you see. Safe Trading
P.S. GJ is Bae!!
Easypips
TWTR UP 14% after bullish signal - Ready for more 🚀TWTR dumped 13.62% (purple price range) after the bearish Supertrend Ninja signal (red vertical line on the background). Then the price pumped 14.61% (green price range) after the bull Supertrend Ninja - Clean signals (green vertical line on the background). TWTR is forming Leg C with a possible bull run to around to 70 USD (1.618) or 55 USD (1.0). Which is about 82% (orange price range) possible gain.
TWTR is about to break out of the Ichimoku Cloud , which is considered bullish . The RSI is starting to warm up for a bullrun at 71. RSI Brown at 103. If we take a look at the Average Directional Index ( ADX DI) its in the bullish zone, and pointing upwards. Currently TWTR is above its Upper Bollinger Band , Band Basis 20 Period SMA . And above the LSMA as well. A bullish trend is likely to happen.
Price and the RSI are still forming a higher low. Which is a bullish sign as well. Let the GAINS begin !!
Remember to always take profits and use proper risk management!
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Like To Use:
I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
GJ Analysis 06/10/2020We are currently trading in a sizeable 40 pip range, we have two options to enter a trade:
1) If we break below support and form a resistance on lower timeframes, we can look for sell entries for a potential wickfill. It is a decent sized range to fill and profits would be secured early as usual anyway.
2) If we break above 136.275, look for price to form support on lower timeframes before riding price up to 136.600. We have a good range to fill but we need to keep an eye on that wick rejection as it could cause some issues on the way up.
GBPAUD! Bulls aren't done!Going off the update in my last post, The bulls have managed to secure a bullish 4hr candle closure breaking the trendline now we will look for a retest and rejection to solidify a bullish victory and enter our trade. Beyond technical analysis we will be monitoring the strength of each currency pair and how AUD reacts to tonights news event.
GBPAUD! BIG Battle between bulls and bears! PT 2The bears reinforcements finally arrived once price hit the structure of the previous resistance and downtrending channel. The 4hr Bearish engulfing candle after the tap of the target zone has signified Bearish reinforcement. Using current price action we can assume short until atleast 1.79500 with potential for bears to be in control all the way down to the bottom of the channel!
Next BTC Short oppertunityConfirmations:
- We´re in a primary Targetzone from the daily perspektive
- In the 1h BTC finished the grey bearish Target
- Lower Low/Highs (Priceaction)
- After the Dump we´re looking for Entrys in at the 0.785
Fib Level which would be also the Target of the bullish
Sewuence.
Check out my other Ideas