Get started

Journal

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
Long
by Snipers-Academy
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
Long
by Snipers-Academy
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.
TVC:USOIL
by UnknownUnicorn3986846
1
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.
by Trade_Journal
[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.
FOREXCOM:BTCUSDShort
by aluotradingjournal
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.
NYSE:BGSLong
by Trader_Kaji
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
NYSE:SELong
by Trader_Kaji
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.
NASDAQ:GILDLong
by Trader_Kaji
4
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
NASDAQ:DOCULong
by Trader_Kaji
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
ALong
by Trader_Kaji
2
Trade Journal: Short $GSX - Inside Day/Support Failure - 4/6/20Friday, GSX experienced heavy selling throughout the day with a nearly 15% drawdown by the end of day. Throughout the bear market, GSX has been resilient and is considered relatively strong compared to other sector stocks. This changed however when GSX clearly broke a support level at 34.50 on heavy volume Friday. Despite the bullish price action in the markets, today's inside day candlestick reflects the continued selling in GSX. This is an very opportunistic time to get short GSX for a possible flush on low risk. The 30m timeframe also reflects the bearish price action in GSX as price broke below and rejected the support at 34.50. Entry - 33.78 Stop loss - 35.04 Target - 25
GShort
by Trader_Kaji
2
Trade Journal: Short AMD - 3/31/2020As we continue the slow grind to overextended conditions on the upside, I have been looking for new short ideas to take advantage of a possible flush. Markets have yet to have a significant pullback which is needed to continue a strong bull trend. AMD was one of those short ideas where a rising wedge on the 30m chart is forming. What I like about this AMD short idea is that price is being rejected right at the 50DMA. Throughout this bear trend, AMD has repeatedly rejected the 50DMA. If AMD is to go lower, now would be the most opportune time. Entry - 47.53 Stop Loss - 48.60 Target - 44 and 42
NASDAQ:AMDShort
by Trader_Kaji
1
Trade Journal: Long $ZM - Inside Day Setup - 3/27/2020ZM has been gaining a lot of attention lately due to COVID-19 and the rising demand for online conferencing programs. ZM had recently broke out but has been relaxing for the last 3 days after reaching a high of 164. The last 2 days, ZM formed inside candlesticks on the daily chart indicating that a breakout may be imminent. Following yesterday's post on ZM, the inside day candlestick trade triggered today at 147. I was not able to catch the initial breakout, however I did catch some shares during the late morning retracement at $150 and put my stop loss at today's low. Entry - 150.76 Stop loss - 145 Target - 175
NASDAQ:ZMLong
by Trader_Kaji