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NZD USD - Short FlashcardNZD USD - Short Flashcard - Pair in a bearish trend - Presented with a double top late into new york - RSI near 68 hook back into volatility bands on first leg of formation and crossed under signal line - Second leg of formation RSI failed to break signal line (therefore remaining bearish) - Entry on cross under 13 ema and close second leg - Stop loss 8 pips above the high of the formation - TP 1 @ yesterdays low - TP 2 @ RSI cross signal line (alternative exit signal)
Short
by AbdullahDjendel
1
GBP JPY - Short FlashcardGBP JPY - Short Flashcard - This pair was in a bearish trend - Presented with a double top formation off of 800 ema - Entry was on second leg close below 13 ema - Stop loss goes 15 pips above pattern due to pairs volatility and previous day rejection zone - Entry on RSI cross signal line and first leg presented with hook volatility bands - Stop moved in tight due to low confidence in trade (due to RSI being at 50 on the TDI) - Trade closed either at stop loss hit (tight by around 7 pips) or at 13 ema close above
Short
by AbdullahDjendel
1
GBP JPY - Short FlashcardGBP JPY - Short Flashcard - Pair presented with double top formation early London session - First leg of formation presented with a hook into volatility bands with RSI cross under Signal line - Second leg presented with evening star pattern with close below 13 ema and divergence - Profit taken @ RSI signal line cross / RSI hook into volatility bands near 32 - TP 2 @ 800 ema not acheived exit signal came early - Market baseline began curving down / flattening during formation - No draw-down
Short
by AbdullahDjendel
USD JPY - Long FlashcardUSD JPY - Long Flashcard - Pair has just broken the uptrend so this is a counter trend but the trend reversal wasn't the strongest (higher time frames) - Double bottom formation presented off of yesterdays low - First leg with RSI hook @ 32 into volatility bands - Second leg entry on shift candle at RSI cross above signal line along with divergence for added confirmation - Double bottom formed off of the yesterdays low with no closes below - TP1 @ RSI cross signal line or RSI hook but here I would move stop below 13 ema by 5 pips - TP2 @ RSI hook into volatility bands @68 no cross under RSI - TP3 @ RSI bounce volatility bands above 68 and RSI cross signal line or yesterdays high (to achieve this TP you had to move your stop below 13 ema earlier or have TP @ yesterdays high)
Long
by AbdullahDjendel
1
GBP USD - Long FlashcardGBP USD - Long Flashcard - Pair in uptrend - Pair presented with a clear double bottom formation off of yesterdays low - First leg presented with a RSI hook into volatility bands near 32 - Second leg presented with a RSI cross above signal line with second leg holding the same low - Pattern appeared near yesterdays low - MBL (yellow on TDI) curved upwards and RSI crossed above which is further confirmation of the buy trade - TP 1 @ yesterdays high - TP 2 @ RSI cross below the signal line as exit signal
Long
by AbdullahDjendel