Newtrader
GBPUSD, Gartley long & short. ? DailyHello. Hope u all have a great weekend.
This week, ill look on the Dailey time frame.
Ill look for the D point on the BIG green on : 1.35353. Long
Target 1: 1.38465.
Target 2: 1.40345.
Stop loss: 1.32616.
On the small blue, ill look for the D point on : 1.39933 Short
Target 1: 1.38869
Target 2: 1.38200
Stop loss: 1.40825
New trader set-type using order flow long position Mo/W/D GSPUSDHave indicatios and a bias to believe that there are opportunities for the GBPUSD to go long for the Mo/W/D timeframes as trend momentum downwards has been broken, and overall Mo is up. Using the trading methodology from my mentor we can utilize a set and forget type of trade of the order flow method, since upward monthly trend is currently upward.
new trader GBPUSD 1.3384 shortMade this trade with speculation that GBPUSD is short, however trade is going against me at the moment. I utilized my strategy of creating a range between my blue and red levels, and encapsulated within them speculated inside of the shorter timeframes. Although the trade is going against me, I am using risk management that is proper and comfortable for my trade style. I am considering switching back from my new style/experiment from intraday back to a more swing trading style and larger timeframe - as this style is causing me stress along with college.
new trader possible several intraday captures using flowHave bias on several possibly intraday captures for the EURUSD; as I suspect price is ranging between my levels indicated in blue and red. this is because price may be ranging between the two, and using my current methodology aim to exploit and capture price fluctuations at low risk and gain moderate at at best, high returns. I believe there is a short opportunity as the overall momentum trend line is heading downwards for either intraday or more long duration trades. Furthermore, as many traders state the trend is your friend, although being creative with your own ideas, it is good to utilize what works.
new trader utilizing trend momentum, flowHave bias to believe that, as trend momentum has been broken, from upwards to downwards on the 4HR/1HR charts for the EURUSD -
but overall may be going long for the Daily and Weekly chart timeframes. I believe price may spike down and hit my levels colored blue for a overall rally on the Daily and Weekly charts. However, I would like to capture price going down on the H or 4HR in order to gain more experience with longer, intraday, type of trading, as I believe it fits my style more, and I would perhaps like to trade more often as in full-time. Risk is a conservative acceptable level for me.
new trader utilizing flow methodologyI have bias to believe that price for the GBP/USD will slightly fluctuate or reverse with my designated zones. this is due to levels within the blue and red zones where there I believe may be a imbalance, and price will flow, or reverse in order to go to other levels. My trades placed are limit orders, and aim to capture these reversals with low risk, and moderate-to-high rewards. This strategy is used with analyzing the current trend momentum, blue levels and red levels indicating imbalances we aim to exploit for low risk trades.
At the moment, I am testing a new strategy of my existing, seeking to capture and exit 3 trades during their reversals.
EURAUD New pair analysiswas working on this analysis awhile. Honestly after plotting trend lines and S&R I was having a hard time finding any REAL pattern, but based off market patterns I've seen before, as well as the EMA's its looking like a short consolidation and more rise to either the macro downtrend line and then more drop, OR rise up over the potential new uptrend line. keep an eye out. I put a 0.25 trade on demo with this markup for the rise. entered at 1.50564, TP set for 1.51000, SL will be set at 1.50200
*This is NOT a trade signal. I am still learning to analyze charts an am using these notes as my personal journal through my journey*