09/08/2020 GBPCAD - WEEKLY PLAY LONG TF H4Welcome,
Below you will find our trading notes:
Monthly view - CONSOLIDATION
Weekly view - BULLISH
Daily view - BULLISH
Previous week LOW - 1.7350
Previous week HIGH - 1.7705
Previous week profile - BEARISH
News this week:
12/08 TUE - 8.00
13/08 WED - 8.00
Where to focus:
LONG SIDE SETUPS ONLY
LIQUIDITY BELOW : 1.7350
SUPPORT STRUCTURE : 1.7323 -> 1.7365
SUPPORT LOWER STRUCTURE : 1.7279 -> 1.7307
LIQUIDITY ABOVE : 1.7675
RESISTANCE STRUCTURE : 1.7700 -> 1.7850
Weekly scenario:
We expect pullback to one of our defined support structures, where we'll look for entries long, or just straight upside push.
If it push straight up, then we will wait for pullback to jump in,
If first support structure is broken, then we focus on entries on the lower support structure.
If second support structure is broken, we will move to side lines.
If we'll see push from our long side zones, then first TP is 1.7575 but over all target is 1.7700+
Protection strategy:
SL up to 30 pips below support structure
REMEMBER!
NEVER BE GREEDY AND DON"T FALL INTO EMOTIONS :)
If that was helpful please like and share :)
HAVE AN AMAZING DAY!
ENJOY
Journal
09/08/2020 EURAUD - WEEKLY PLAY LONG TF H4Welcome,
Below you will find our trading notes:
Monthly view - BULLISH
Weekly view - BEARISH
Daily view - BULLISH
Previous week LOW - 1.6386
Previous week HIGH - 1.6558
Previous week profile - BEARISH, ACCUMULATION
News this week:
11/08 TUE - 3.30
13/08 THU - 3.30
14/08 FRI - 1.30
Where to focus:
LONG SIDE SETUPS ONLY
LIQUIDITY BELOW : 1.6340
SUPPORT STRUCTURE : 1.6355 -> 1.6385
SUPPORT LOWER STRUCTURE : 1.6310 -> 1.6340
LIQUIDITY ABOVE : 1.6550
RESISTANCE STRUCTURE : 1.6610 -> 1.6690
Weekly scenario:
We expect pullback to one of our defined support structures, where we'll look for entries long.
If first support structure is broken, then we focus on entries on the lower support structure.
If second support structure is broken, we will move to side lines.
If we'll see push from our long side zones, then first TP is 1.6550 but over all target is 1.6610
Protection strategy:
SL up to 20 pips below support structure
REMEMBER!
NEVER BE GREEDY AND DON"T FALL INTO EMOTIONS :)
If that was helpful please like and share :)
HAVE AN AMAZING DAY!
ENJOY
09/08/2020 GBPUSD - WEEKLY PLAY LONG - TF H4Welcome,
Below you will find our trading notes:
Monthly view - BEARISH
Weekly view - BULLISH
Daily view - BULLISH
Previous week LOW - 1.2980
Previous week HIGH - 1.3185
Previous week profile - CONSOLIDATION
News this week:
11/08 TUE - 8.00, 14.30
12/08 WED - 8.00, 14.30, 16.30
13/08 THU - 14.30
14/08 FRI - 14.30, 16.00
Where to focus:
LONG SIDE SETUPS ONLY
LIQUIDITY BELOW : 1.2980
SUPPORT STRUCTURE : 1.2860 -> 1.2905
SUPPORT LOWER STRUCTURE : 1.2730 -> 1.2770
LIQUIDITY ABOVE : 1.3200
RESISTANCE STRUCTURE : 1.3305 -> 1.3362
Weekly scenario:
We expect pullback to one of our defined support structures, where we'll look for entries long.
If first support structure is broken, then we focus on entries on the lower support structure.
If second support structure is broken, we will move to side lines.
If we'll see push from our long side zones, then first TP is 1.3200 but over all target is 1.3305
Protection strategy:
SL up to 20 pips below support structure, but 10 pips should be enough
REMEMBER!
NEVER BE GREEDY AND DON"T FALL INTO EMOTIONS :)
If that was helpful please like and share :)
HAVE AN AMAZING DAY!
ENJOY
09/08/2020 GBPAUD - WEEKLY PLAY TF H4 LONGWelcome,
Below you will find our trading notes:
Monthly view - BEARISH
Weekly view - BULLISH
Daily view - BULLISH
Previous week LOW - 1.8140
Previous week HIGH - 1.8405
Previous week profile - CONSOLIDATION
News this week:
11/08 TUE - 3.30 ; 8.00
12/08 WED - 8.00
13/08 THU - 3.30
14/08 FRI - 1.30
Where to focus:
LONG SIDE SETUPS ONLY
LIQUIDITY BELOW : 1.8140
SUPPORT STRUCTURE : 1.8025 -> 1.8110
SUPPORT LOWER STRUCTURE : 1.7950 -> 1.8050
LIQUIDITY ABOVE : 1.8400; 1.8450
RESISTANCE STRUCTURE : 1.8505 -> 1.8562
Weekly scenario:
We expect pullback to one of our defined support structures, where we'll look for entries long.
If first support structure is broken, then we focus on entries on the lower support structure.
If second support structure is broken, we will move to side lines.
If we'll see push from our long side zones, then first TP is 1.8315 but over all target is 1.8450 -> 1.8500
Protection strategy:
SL up to 30 pips below support structure
REMEMBER!
NEVER BE GREEDY AND DON"T FALL INTO EMOTIONS :)
If that was helpful please like and share :)
HAVE AN AMAZING DAY!
ENJOY
09/08/2020 GBPJPY - WEEKLY PLAY TF H4 LONGWelcome,
Below you will find our trading notes:
Monthly view - BEARISH
Weekly view - BULLISH
Daily view - BULLISH
Previous week LOW - 137.75
Previous week HIGH - 139.25
Previous week profile - CONSOLIDATION
News this week:
12/08 TUE - 8.00
13/08 WED - 8.00
Where to focus:
LONG SIDE SETUPS ONLY
LIQUIDITY BELOW : 137.75
SUPPORT STRUCTURE : 136.88 -> 137.35
SUPPORT LOWER STRUCTURE : 135.75 -> 136.65
LIQUIDITY ABOVE : 139.25; 139.75
RESISTANCE STRUCTURE : 140.75 -> 141.20
Weekly scenario:
We expect pullback to one of our defined support structures, where we'll look for entries long.
If first support structure is broken, then we focus on entries on the lower support structure.
If second support structure is broken, we will move to side lines.
If we'll see push from our long side zones, then first TP is 139.75 but over all target is 140.50 -> 141.00
Protection strategy:
SL up to 20 pips below support structure is even more then we need, ideal 10 pip below structure
REMEMBER!
NEVER BE GREEDY AND DON"T FALL INTO EMOTIONS :)
If that was helpful please like and share :)
HAVE AN AMAZING DAY!
ENJOY
Potential Buy for USOIL (LOSS)Reason for Entry (R/R) :
Daily-Bullish
4H-Bullish
Confirmations: Break of 4H Resistance and Retest structure forming, 4H Fib rejection of 61.8%, 1H Structure being held @ 50% Fib Level, 15m HH and HL being formed. Buy Stop Set at 41.4 (Twin Trade 1:2, 1:3)
Outcome : SL Hit. Looks like buy entry was too early. Setup should come sometime this week. UCAD making retracement at the moment so when that has completed, will reassess entry.
Feelings going into trade :Very confident in setup getting multi-timeframe confirmation. UCad falling cause of US Dollar. Also Sunny who is more experienced trading Oil taking trade with me as well.
Feelings after trade : Still not a bad trade in my eyes. Only risked 1%. Was up and had the thought occur that UCAD retracement could ruin trade but I was okay with letting it play out.
GBPNZD At a key area - Can the bulls stay in control?At the moment we have reached an area on the weekly - I find very interesting. The Support area is key but trend lines indicates there could be further momentum to down side. However, if we get further bullish momentum. I'd be keeping an eye on the areas of resistance. Either way - At a key area keep in mind and take the great trade opportunities on smaller time frames. Long term time frame indicates short term time frame movement.
Solorex InvestmentHi technical traders,
So this is basically my first publish. I want to use this opportunity to introduce myself. The name is carter. I run an investment firm with a market cap of more than $20000. Yeah, it is small, I know. I'm going to be using this platform as an open journal. So you going to be seeing me calling out all my trades here.
[BTCUSD] May 13, 2020 - ALuoTradingJournal***BTCUSD ***
Resistance Level Entry: 9955 (Depend on the Candlestick signal)
SL (final point for changing in direction) : 11010 (Depend on the Candlestick signal)
TP Resistance level (Ideal TP): 7305
Comment:
Bitcoin is currently going on its triangle channelling, there is a possible opportunity to short Bitcoin if it once again reach 9955 resistance level. This will depend if the strength of the price momentum at that time continues to go up or not. We can discuss further when it actually gets there in our WeChat Group.
(Note: The forecast above is an estimation of the resistance and support level for the Entry, TP, and SL. For more precise positions, will depend on the shape formed with the candlestick at the time.)
Roger V WeChat: lokiho512
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
Trade Journal: Long $BGS - 4/28/2020Yesterday, I pointed out this flag pattern forming on BGS on the 65m timeframe. BGS had broken out and had been consolidating tightly. This was a potential short squeeze candidate as BGS has a 26% short interest. I was looking at buying this stock above 19.30 and the trade triggered right at the open today.
Entry - 19.49
Stop Loss - 18.48
Target - 25
After buying BGS this morning, BGS had an nice run all day and closed near HOD. I moved up my stop loss at the close to 19.40, right under the gap up.
Trade Journal: Long $MRSN - 4/28/2020MRSN is right at the 52 week highs and forming a tight flag pattern . My plan was to get long above 9.50, clearing the HVN, with a stop loss below 8.48.
Entry - 9.52
Stop Loss - 8.48
Target - 12.50
I am planning on taking small profits above 10 and holding the rest with the trend.
Trade Journal: Long $SE - First Flag - 4/27/2020Due to the current crisis, I have been focusing on relative strength names to take long positions. The choice of choosing relative strength names to buy is imperative in the current market conditions; while there are a lot of companies suffering from the current crisis, there are also companies flourishing. My current holdings, DOCU and KR, are both strong relative strength names and I am continuing this trend with SE.
SE ran past all time highs last week and in currently consolidating in a flag pattern. This pattern is called the First Flag as a stock that recently broke out creates a flag pattern right above ATH. SE broke out today and I bought SE into the pullback at around 12:00.
Entry - 55.16
Stop loss - 53.45
Target - 61
Trade Journal: Long $KR - 4/23/2020KR has been consolidating sideways for the last 2 weeks and is a relative strength name in this current market. This trade triggered above 32.65 and I took this trade last Thursday. Interestingly, KR also has a great entry opportunity on Friday when it retested the breakout area perfectly and raised near HOD at the close.
Entry - 32.69
Stop Loss - 31.95
Target - 35
Trade Journal: Long $NUGT - 4/22/2020Gold has been consolidating right above the recent highs, since bottoming out last month, and looks prime for a breakout. I went long this morning right at the open on the gap up. Really like this pattern occurring in GOLD which could pick up some momentum near term. GDX is also a valid play for less risk.
Entry - 12.10
Stop loss - 10.90
Target - 14/17.50
Trade Journal: Long $TNDM - 4/16/2020TNDM has been on my watchlist for a long trade and today the trade triggered. Ever since bouncing from 44 lows to 70 TNDM has been consolidating sideways and formed a solid Ascending Triangle pattern. This pattern is also right under the 50DMA making this a potentially powerful breakout. I also like the fact TNDM is holding above the rising 5DMA.
Entry - 70.86
Stop Loss - 68.60
Target - 80
Trade Journal: Long $GILD - 3/12/2020This is not my typical type of setup, however the prospects of GILD look very inciting. GILD is currently working on a coronavirus vaccine and is the closest to having a FDA approved vaccine in the future. Any positive announcements could cause GILD to spike in price as coronavirus fears continue. On the weekly chart, there is clear bottoming price action followed by accumulation recently due to the coronavirus news. The past few days, GILD has retraced back to it's breakout level due to the overall market weakness.
On the daily chart, GILD retraced to and rejected the high volume node in the 62-68 area.
Since this trade is outside of my usual timeframe, I am using 1/3rd risk on this trade.
Entry - 68.86
Stop loss - 61.90
Target - 80-90
This is considered a long term trade. I will exit depending on the trend on the daily chart rather than the 30m chart.
Trade Journal: Long $DOCU - 4/8/2020DOCU has been on my watchlist since last week and we are finally seeing some bullish price action for a possible move higher. DOCU has been resilient throughout this bear market has a clear line trendline acting as support. Last week, DOCU broke out but failed to hold above the trendline. This week, DOCU spikes above and held the trendline twice. I am getting long into this current consolidation with a stop loss below the previous higher low.
Entry - 89.56
Stop loss - 85.80
Target - 100 to 110
Trade Journal: Long $AHPI - Quiet and Tight Setup - 4/8/2020AHPI has been a hot stock recently due to it's benefit from the COVID-19 pandemic. AHPI produces ventilators which is obviously in high demand right now. Late Feburary, AHPI broke out but could not upkeep this powerful up move and instead consolidated sideways since then. This is very common for low float stocks such as AHPI.
What impresses me the most during this consolidation is how volume is literally drying up. Today we had a small range day with the lowest amount of daily volume during this consolidation. What follows the low volume day is usually a high volume up day as investors are caught off guard by the sudden price change and start chase the stock up. This is called a Quiet and Tight setup. An example of this setup can be seen on March 18th as a very small range/low volume day was followed by two high volume up days where AHPI went from 14 to a high of 28.
Since I consider low float stocks risky, I am using 1/3rd size on this trade. The R:R on this trade is very favorable (10.5) therefore I feel comfortable risking less on this trade in case we get a large gap down.
Entry - 16.99
Stop loss - 15.95
Target - 28 to 38
Last Nights EURUSD Long resultIts just like Pokemon you just have to know how the pokemon's going to play you but in this case it's pips and candles. I caught 90 pips yesterday with a .1 entry and got myself Fish Tacos for dinner. Right now EURUSD is consolidating and I will keeping an eye of its movement.
Remember Traders to trade with risks. Don't blow your accounts and Good Night to those who are on the East Coast of America.
Trade Journal: Long $ZS - 4/8/2020ZS has been showing some impressive relative strength lately due to it's impressive bounce from the low. Despite the large retracement, ZS has been in a state of sideways consolidation and formed a symmetric triangle on the 30m timeframe. This triangle is also forming right below the 52 week highs. If ZS breaks out, the impending move could be powerful.
Entry - 64.90
Stop Loss - 63.65
Target - 75