EURCHF in the first half of 2024 Long Resault: 569 pips Profit✅A glimpse of the USDCHF in the first half of 2024
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Postiontrade
TATA Motors DVRGives higher weekly closes on the chart.
TATA motors DVR is a stock that has been showing signs of a breakout. The stock has been in an uptrend for the past few months, and it has recently broken out above a key resistance level. This is a bullish signal, and it suggests that the stock is likely to continue to rise in the near future.
The whole Automobile sector is making highs we need to keep a few scripts in radars and focus on taking position carefully with Stop loss on the chart.
Happy trading.
What is position Trading ? What Is Position Trading?
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Position trading is a strategy where traders and investors aspire to capitalise on strong pricing trends through entering and remaining present in a market for an extensive term. A position trade is a commitment of both time and money, with the intention of realising a sizable gain from the sustained growth of an open position's value.
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📊 Advantages Of Position Trading 📊
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The advantages of position trading include the following:
🔵 The negative factors have a minimum degree of influence – if a trader buys, for example, on the weekly chart, he won’t be shocked about the daily price fluctuations. The position trader feels less stressed compared to the day trader.
🔵 The ability to “squeeze out” the maximum of a trend – position traders do not have to regularly open and close positions, thereby losing on spreads.
🔵 High profits – position trading allows you to trade with high leverage, as the probability of a mistake is much smaller than in conventional trading.
Disadvantages Of Position Trading
The disadvantages of position trading include the following:
🔵 The need for a high deposit – Position trading with the minimum amount of funds is simply irrelevant. It is likely that the strong price fluctuations will lose everything.
🔵 Swap – The swap is a commission paid to the broker for the transfer of the trade to the next day. If the position is open for a long period, the swaps can accumulate a large amount.
🔵 Risk – The risk is much lower when compared to day-trading or swing trading, but if a mistake is made, it will likely be fatal. If a trader goes against the trend, he will lose not only his deposit, but also the time in which he could generate a profit – don’t forget, we are speaking about months.
GRANULES - Shark Pattern ProbabilityThere is a probability of shark pattern on Granule's daily chart, if unfolds, we could see quite a good move in the stock.
The said pattern is supported by the weekly chart positive price action.
And said probability is formed on a very good support that the stock has around 290- 300 levels.
The said probability would be negated below 300 levels.
Its a buy-on dip stock for me, please do your own research and trade at your own risk.
CHK Multiple Divergence at Support CHK experiencing multiple divergences on both MAC-D and RSI at a great area of support for the stock. After a solid close on Monday, I am expecting a retest of previous swing highs.
[EMC2/BTC] LongBITTREX:EMC2BTC
EMC2 broke above 0.0001 Level and become Support.
EMC2 Slow down around 0.000165 - 0.000175 .
After reached all time high level at 0.0002 EMC2 seller come and push price back to support area.
Buyer keep pushing up and continue snap back from 0.00017 to support area again.
Third time pounce back from 0.00017 but squeezed, Show us Buyer standing by.
Slowly approaching support area and bottom of the Range but now buyer showing up.
We can see that both side showing strenght and we may have spike before it take off.
I'm waiting for the test at 0.000095, Mini support at 1H timeframe then I get in.
Main target :
Take profit on top of the range but we may get reaction from supply at 0.000014 area. I may remove apart of my position and move stop to zero. Then Let's see if price can reach top of the range.
Stop-loss :
I Will keep below the support area if we have spike.
I'll continue update my trade