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Inside Bar

XAUUSD inside hour and structure breakout pullback longXAUUSD has an inside month in November. Basically the direction it breaks will pretty much influence how it closes in 2018. While, there are still many intraday trade opportunities! Here we got this inside hour after a significant structure breakout to turn bullish, so here are the plans: 1. take the inside hour breakout long 2. wait for the pullback long off the structure. I like both trade, although the plan 1 will be stopped out before the entry of the plan 2, but it can be taken as an chance to get on the train if it didn't pullback that much! So my plan is to trade this 2 trades separately with less risk on plan 1 and more risk on plan 2 . Let's see how it goes!
FX_IDC:XAUUSDLong
by Trader_Joe_Lee
3
GBPNZD DAY BEST LUCKY STAR DOJI STRATEGYTrading Doji candlestick as a stand-alone trigger signal is a bad idea. Price usually whipsaws around doji. Note #1: In technical analysis, the Doji candle is a neutral pattern if it’s used as a stand-alone candlestick. However, if the Doji candle it’s used in conjunction with the preceding price, we can establish a bullish or bearish bias. A whipsaw pattern involves price moving chaotically above and below a certain key support and resistance level. Whipsaw patterns are also referred to as false breakouts. We have developed our Japanese Doji trading strategy around this price feature. Step #1: For short trades we need a steady move downward, below the 14 –day MA Even though most traders used this Japanese candlestick pattern as a reversal pattern, we have found out through some testing that the Doji candle performs best as a continuation pattern. So the first step we need to undertake is to determine the trend direction. When we see the price moving steady downwards below the 14-day MA we have enough reasons to believe a downtrend is in progress. Step #2: Look for a Doji Candlestick to develop near the 14-day MA and inside the previous candle price range. Next, there are two more conditions that need to be satisfied for a valid trade setup. The first thing to consider is the location of the candlestick setup. We need the Doji candle to develop near the 14-period MA. Secondly, we need the Doji candle to be contained inside the price range of the previous pattern. Basically, this will lead to the formation of another pattern called an inside bar. So, we have a pattern within a pattern. Step #3: Whipsaw pattern: Look for a false breakout above the previous two-bar pattern. Go short once we recover and break below the Doji candle opening price Now, we’re going to bring to light how we use the whipsaw pattern to our advantage. The Doji candles are very well-known candlestick patterns for producing a lot of false breakouts. We also know that a break of a level against the prevailing trend has fewer chances to success. So, by putting all these pieces of the puzzle together we were able to develop one of the best Doji strategies, which eliminate the scenario where your stop loss is prematurely triggered. After the false breakout, we wait for the price to recover and we only sell once we get price breakouts the bearish Doji candle opening price. Note #2: We want everything to happen within the first candle after the Doji bar. So the false breakout and our entry should be immediately on the next bar following the Doji candlestick. Let’s now determine an appropriate place to hide our protective stop loss and a proper way to exit our trade. Step #4: Place protective SL above the current daily candle high. Take profit once we break below the inside bar pattern or a support level. We aren’t going to stay in this trade for a very long period of time. That’s the reason why we exit our profitable trade once we break below the inside bar pattern or nearest sup/res. When it comes to placing our protective stop loss, we can hide it above the high of the candle that triggered our entry. Long trade is just opposite setups.
Short
by Tradingstrategyguides
BTCUSD inside day short? I mean...why notBTCUSD had a inside day after new pivot low, which is a no-brainer short if its able to break to the downside! Aline with the perspective in my last BTCUSD idea, the weekly bullish bat would be around 2800-3000. Even if it's clearly that there aren't so much room for this inside day breakdown, to take on a momentum train is still one of my favorite trade! That is, it won't be a daily chart trade as the 1:1 1st kick will be right at the bat, which is bad. However, if it's able to break the inside day low today, I'll still be willing to take some intra-day short with much smaller out to get a quicker 1st kick. If it breaks to the upside first, this trade doesn't exist anymore and no intention to long at all. Let's see how it goes!
BITSTAMP:BTCUSDShort
by Trader_Joe_Lee
Wherever you break, I gotta take short! (BGM: Yesterday once more) This pair is a very good vehicle for carry trade, but in terms of carry trade, of course we still need stop loss and appropriate profit taking. "Every trade should have an entry and an out" If carry trade works, we can earn interest at the same time; if it fails, the interests could recover some of the risk. That's totally different from long Lira without stop loss!! Here we got this inside day and inside week! I would very love to take the breakdown short! Even if it breaks to the upside, I would also pay attention to the 5.44 spot supply zone short. In short, wherever the inside day breaks, only want to take the short!! Let's see how it goes! -- By far my best trade in TradingView is also this pair lol.
Short
by Trader_Joe_Lee
2
PG daily shooter after ER, bullish wherever you break!When the stock markets encounter larger fluctuation, people deposit their cash from the high-risk stocks; at the same time, if there is not really a financial crisis yet, still there will be some re-investment risk, that's when stocks like PG and MCD start to be the major focus! Here we got the daily shooter after its Earning report, a good long if it breaks to the upside; also a good long if it pulls back to the demand zone or even the gap! Let's see how it goes yo!
NYSE:PGLong
by Trader_Joe_Lee
BTCUSD: Lulls The Herd To Sleep. Break Out Coming?BTCUSD update: After some unusual activity on Friday that almost lead to a break out, this market is still going no where. This is actually a good thing because the longer it lingers, the greater the short squeeze will be. With the well established higher low around the 6400 area, structure continues to point to strength. It is amazing to see the herd mentality in action, not on the charts but on the feedback we get. The herd is either bearish, or losing interest. This is the type of environment where opportunity flourishes, not when price is pushing 10K. As far as our swing trade, we remain long. It is just a matter of time before this market breaks out. We are holding for our short term targets, not forcing trades or flip flopping like many others. In fact, the most recent close on the daily chart is presenting yet another potential long setup. As long as the bullish trend line holds, the bias is toward higher prices. I don't make this stuff up, it is what the market is showing. In summary, the fact that activity is low and the crowd is losing interest is a great sign. Bitcoin consolidated for TWO years before it broke out and ran to the 20K area in 2017. The marketers, bloggers and "experts" were full of negative sentiment, to the point where they were writing that Bitcoin was a failure. A weak market sells off fast, it does not linger. The longer this market consolidates, the greater the population of trades. One side is going to be wrong and it can be triggered by a positive or negative news event. The structure leans toward the strong side, and that is what we follow. When the break out happens, it is going to be dramatic, and attract the reactive traders. And that is the time to sell, not into a consolidation that is establishing higher lows on multiple time frames. Remember, a chart is a representation of order flow. Intent can be detected from price patterns and "what price is not doing" which carries more value than any oscillator can provide. Greed and fear ultimately drive prices in ANY market, and these forces have natural expressions. That is where a much more honest view of Bitcoin can be found. Focus on price.
BITFINEX:BTCUSD
by MarcPMarkets
136