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Lowriskhighreward

Long on PB - Trading is simple but not easy. Trading is simple but not easy. Really anyone can do it. Here are my rules - Use a 3 chart correlation to trade the bigger picture & filter out market fluctuation.This will help to control your emotions & control trigger fingers. - scan the market for low risk (Rs) and high reward (Rw) trades. a ratio of 1 to 3 is minimum. Find places where Support & Resistance are unbalanced. - identify a trend on the long term chart for example monthly (M). and wait for a correction on the middle trade chart (W), this is the principal chart you will be trading. once identifies, you can use a lower trade chart to time your ENT for example Daily (D - Enter (ENT) on low risk window & dont chase it. be willing to let it go - Set your STP & be ready to take the small loss. If the trade is profitable take profit at profit target 1 (PT) & let the rest run. use a trailing STP to let winners run. In this trade. PB is one a newly formed uptrend on the long-term chart (M) the middle trade chart (W) is in a correction. The Rs to Rw ratio is a minimum 1 to 3, I CLS full position at PT1.
NYSE:BPLong
by greatful-me
6
Rain IndustriesAn Inverted HNS on display. Awaiting a Breakout. Above 129 , very likely the price would start trending upwards and Above 150, the pace would most probably pick up. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
NSE:RAINLong
by CannySunny
18
Ashok LeylandIt is a Weekly Chart. Around the zone of 100 is an intersection of a few resistances, so it is better to enter above 101. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
NSE:ASHOKLEYLong
by CannySunny
3
GU exhaustion trade...yep, you've guessed it, ANOTHER sniper. Targeting this trade to 1.3270. Another perfect entry, 0% drawdown. 1:7 ratio trade. As GU made another correction after its bullish run yesterday, I was always going to look for that optimum entry point to catch the buy as low as possible. Current target of 1.3270 is based on BXY gap at 132.7 which is the closest gap to price now after the 132.00 gap was covered today. Another low-risk trade. Let's see how this turns out. Will be moving SL to BE following this post.
Long
by Imyali92
RELIANCE seems oversold pre-earnings release. Great potentialReliance RSI has approached nearly the COVID bottom. It had bounced up over 1200pts when it reached these levels the last time. If buyers step in, we may see a new base being formed. The stock has been a favourite for investors so far as it's given short-term returns that midcaps & small-caps can only dream of. In fact, it was one of the fastest recoveries from COVID lows to an ATH. After breaching 2300, RELIANCE hasn't had enough steam to continue its rally despite several important supports. This may be due to the overly positive sentiment earlier. That combined with unfavourable news & uncertain business dircetion + no new exciting trigger, stock prices have come down ~10% from highs. But this also begs the question – is RIL forming a base? According to RSI, another 2000 retest may bring momentum to COVID selloff levels without any massive trigger or global selloff. This may make it a good low-risk pick as the stock seems fundamentally strong.
NSE:RELIANCELong
by MarketsWithKR
ACB Strong Buy Signal w/ High Upside Potential next 6 monthsAurora Cannabis (ACB) closed at $6.98 on Sept 11, meeting 2 previous support Lows. Fibonacci ratios and Elliot Waves on this chart fit quite nicely. Key points for a BULLish trend over the next 6 months: Key Support met again. History tells us a breakout may be on the horizon. Declining volume on the downward trade indicates a possibility for a breakout with high volume. RSI provides a strong oversold indicator. Consider the larger Elliot Wave Trend and see that we may be at the low of a Wave 2 on the larger cycle, indicating the best buying opportunity of all time, with low downside risk. Key Points for Risk-Reward Trades over the shorter-term: Note the MACD cross-over, but also the unreliable nature of this indicator, especially considering prior history of "flip-flopping". Lots of opportunity to trade the up and down moves to $150 over the short term if there is a bull breakout. First target of $33.50 is based on the .786 retracement, and coincides with the impulse peak of wave 3. This will require a strong breakout with volume and likely be accompanied by high volatility. Disclaimer: I am not a professional and I chart for my own education and learning. Please feel free to share your ideas and any resources you might recommend! Thank you! :)
ALong
by Shadowfigure
6
DYNAMATIC TECHNOLOGIES - Looks Explosive to meCMP 733 I personally feel this will be EXPLOSIVE in the coming days. Look at the volumes a the breakout out of a 3 VCP. With 50DMA and 200DMA t their positions, I strongly believe that with this momentum, we would see a Golden Cross sooner than later. A lot of positives here. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the confidence.
NSE:DYNAMATECHLong
by CannySunny
4
GBPJPY Long - FlashcardGBPJPY Long Direction: - This pair was midway through a Bearish Cycle on the H1, however it was expected to reset and rise into a Bullish Cycle due to correlations with other pairs such as GBPUSD. - Low was held on the H1 for 3 days, so even if trend was going to continue being Bearish, a counter-trend would still give a considerable amount of pips for me if a pattern formed at the low. - After I caught this trade to TP 3, this pair entered a Bullish Cycle. Entry: - W (Double-Bottom) pattern formed at the low of the day. This low was held for over 90 minutes, so price action indicated it was not going to be broken. Additionally, the pins to that low indicated it was not going to get broken. - Shark-fin appeared on the pattern (RSI crossed back into the volatility bands), indicating a rise. - H1 MBL (Market Base-Line) on TDI was pointing up, indicating a rise. Exit: - SL @ 23 pips (just below YL), just in case they come to hit YL (Yesterday's Low) before rising. - TP 1 @ 50 pips (just below YH). - TP 2 @ 87 pips (just below 800 EMA), which may be a resistant point. - TP 3 @ 114 pips, when RSI crosses back over the Signal Line, which indicates an exit.
Long
by FotiosDimitriou
2
GBPUSD Long - FlashcardGBPUSD Long Direction: - The pair approached the end of a Bearish Cycle which may continue on the H4 time-frame, but on the H1 time-frame a reversal off bottom of level was due. - The pair was expected to enter a Bullish Cycle on the H1 time-frame now. - A multi-session W (Double-Bottom) pattern formed on the H1, giving us the direction, and also failed to take out YL (Yesterday's Low). Entry: - Divergence appeared at the point of entry. - Shark-fin occurred near entry, at the first point of divergence (RSI broke back into the volatility-bands). - YL (Yesterday's Low) was held, indicating price action was probably not going to break this point. - Inverse Head & Shoulders pattern on lower time-frame (M15), with the head point being my entry. - You could have compound traded at the point the candle closed above the 50 EMA, which indicated less chance of resistance being shown. Exit: - TP 1 was @ 200 EMA, which may be a resistance point. - TP 2 was @ YH, which may be another resistance point - SL was @ slightly below YL just in case they went to that price before shooting up.
Editors' picks
Long
by FotiosDimitriou
12
AUDUSD Short - FlashcardAUDUSD Short - Direction: Multi-Session M PFH (peak formation high) on the 23rd-24th, and then 1 vector drop down into level 1. In addition, I see bearish momentum on the H4 and H1 time-frames. Entry: Dotted line on chart indicated the high held throughout the day (as no candle closed above), and the candles respected the 200 EMA, and did not close above it. Furthermore, the pattern shown on the M15 and H1 was a Double-Top formation, which included divergence as shown on TDI, so I entered once the pattern formed. SL was @ 21 pips above Trade open (just above YH), and TP was @ 32 pips below Trade open (just above YL).
Short
by FotiosDimitriou
AUDUSD Short - FlashcardAUDUSD Short - In a bearish cycle on the H1, at level 2, where the momentum is still bearish. Therefore, next possible buy zone is at the bullish OB @ around 0.681. The chart on the M15 showed a Double Top formation indicating resistance (cycle is bearish), as price would not break that point, then the pin off the 800 EMA confirmed the trade which was opened on the M15 for a precise entry. SL was 7 pips above high of the day and 15 pips above Trade Open. TP was 40 pips below Trade Open @ YL.
Short
by FotiosDimitriou