MSCI SINGAPORE INDEX ready for a new bullish run 🦐MSCI SINGAPORE futures after the nice impulse until the 333 level started a retracement move.
The market touches the 0.382 Fibonacci level over a support structure and started a consolidation move.
IF the price will break and close above the minor resistance structure, we can set a nice long order according to Plancton's strategy.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Rangetrading
GOLD waiting for the break ? 🦐GOLD on the 4h chart after the nice bullish impulse reached the 1838 level.
The price started a minor range between 2 structures between daily support and a weekly resistance.
We would wait for a break above for a long position and a break below of the range in order to consider a short position in the market.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
QCOM 1D RANGE LONG TRADERanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
GBPJPY 1D BEAR FLAG SHORT TRADEBear Flags are a range chart pattern.
Bear Flag Ranges are repeatable trading chart patterns.
Bear Flag chart patterns will have a directional bias (Short Trade) depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
AMD 1D RANGE TRADING BULLISH BREAKOUTRanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
AUDSGD looking up 🦐AUDSGD on the 4h chart after breaking abobve the 0.98500 area, started a ranging phase between 2 structures.
IF the price will break above the 0.98850 area we will set a nice long order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Range in GBPNZD. We expect a break!In recent months, we have seen many sideways movements in the forex market in anticipation of clear trends. During this time we can trade within the channel, and in case of a break we can look for a continuation in the direction of the break!
Today we show you the possibility at GBPNZD. Here we have a side movement started at the beginning of the month, which finds very strong support at 1.91. In case of a break of this level we will expect an intensification of the down movement!
The initial goals are:
1.9005
1.8980
To support us, like and comment!
GBPCHF 1D RANGE TRADINGRanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
EURCHF below a strong resistance 🦐EURCHF on the daily chart broke the descending channel that and now testing a monthly resistance.
The price on the 4h chart after the bullish move started a consolidation range between 1.07800 and 1.08200.
IF the price will break below the support area we will check for a short position according to our strategy.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Range trading: Forex as for 19/11/2020Under that heading we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability.
EURUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1789
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.1751
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.1713
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1900
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1938
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1976
GBPUSD
Long position 1 [/b
(The price today will not fall below this mark with a probability of 68%) 1.3163
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.3116
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.3069
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.3331
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.3378
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.3425
USDJPY
Long position 1
(The price today will not fall below this mark with a probability of 68%) 103.33
Long position 2
(The price today will not fall below this mark with a probability of 95%) 102.87
Long position 3
(The price today will not fall below this mark with a probability of 99%) 102.40
Short position 1
(The price today will not rise above this mark with a probability of 68%) 104.37
Short position 2
(The price today will not rise above this mark with a probability of 95%) 104.83
Short position 3
(The price today will not rise above this mark with a probability of 99%) 105.30
Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. Recall, that mentioned probabilities are not 100% and do not guarantee risk-free trading.
Bitcoin showing rejection to go further down
Disclaimer
Information is for educational purposes only and is not intended to give specific trading advice. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading.
Hello trader I am watching bitcoin showing rejection to continue futher down as we see in the first part that the bears are driving the market down but after the red bar with high volume ther bulls retake control and we start to see higher lows. I think that this red bar is a shake out to remove supply of the market and we will see a continuation of the upward movement soon
Disclaimer
Information is for educational purposes only and is not intended to give specific trading advice. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading.
ETCUSD 1D RANGE TRADINGRanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
EURCHF in a range move 🦐EURCHF on the daily chart broke below the weekly support and cut the ema for short.
The price after bouncing over the daily support,went last week for a retest of the upper resistance zone and now moves in a consolidation range between 2 structures.
If the market will break and close below the support daily structure we will set a nice short order according to Plancton' strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Hoag's 80% Value Play-Election "sell the news" (Short)Hoag's 80% Value Play
(Election Day Short-SELL THE NEWS)
Uber looks Toppy, Multiple Potential Dbl Tops
(Unconfirmed)
Reasons for Trade:
1. Have retraced to areas of .618-.786, and to + .786
of its range from IPO high and most recent high, respectively
2.At volume high rn, break back into value, and held for 2 consecutive 30m candles,
suggests price will revisit value low 80% of time. VL is at reload long levels
3. MACD internals Looking weak.
4. Was recently oversold, and is hovering near OS
5. Significantly decreasing buy volume impetus, very telling.
RR 4.22:1
Enter trade at confirmation of M top, at break through .786 level on downside
and acceptance into value at $35.96
Stop set at M Top* at $38.25
Move Stop to scratch at touch of value low near potential reload long levels, $26.30. If accepts into
value low, trail stops, 3 highs/Lows method.
Caveat: This is a short trade in the event of unfavorable election results where rideshare worker's rights (gig economy) is on the ballot in California. NYSE:UBER
For entertainment purposes only, not trade advice. DYOR!
Range trading: Forex as for 03/11/2020Here we publish signals of the indicator called “ Ranger ”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with certain probability.
EURUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1592
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.1572
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.1551
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1694
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1714
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1734
GBPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.2828
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.2780
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.2733
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.3014
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.3062
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.3109
USDJPY
Long position 1
(The price today will not fall below this mark with a probability of 68%) 104.33
Long position 2
(The price today will not fall below this mark with a probability 95%) 104.12
Long position 3
(The price today will not fall below this mark with a probability 99%) 103.90
Short position 1
(The price today will not rise above this mark with a probability of 68%) 105.12
Short position 2
(The price today will not rise above this mark with a probability of 95%) 105.33
Short position 3
(The price today will not rise above this mark with a probability of 99%) 105.55
Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading.
Range trading: Forex as for 02/11/2020
Here we publish signals of the indicator called “ Ranger ”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with certain probability.
EURUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1583
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.1563
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.1543
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1696
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1716
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1735
GBPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.2827
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.2780
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.2733
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.3011
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.3059
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.3106
USDJPY
Long position 1
(The price today will not fall below this mark with a probability of 68%) 104.28
Long position 2
(The price today will not fall below this mark with a probability 95%) 104.07
Long position 3
(The price today will not fall below this mark with a probability 99%) 103.86
Short position 1
(The price today will not rise above this mark with a probability of 68%) 104.98
Short position 2
(The price today will not rise above this mark with a probability of 95%) 105.19
Short position 3
(The price today will not rise above this mark with a probability of 99%) 105.40
Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading.
Range trading: Forex as for 30/10/2020Here we publish signals of the indicator called “ Ranger ”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with certain probability.
EURUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1627
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.1608
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.1588
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1735
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1755
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1775
GBPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.2824
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.2777
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.2730
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.3014
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.3061
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.3108
USDJPY
Long position 1
(The price today will not fall below this mark with a probability of 68%) 104.13
Long position 2
(The price today will not fall below this mark with a probability 95%) 103.92
Long position 3
(The price today will not fall below this mark with a probability 99%) 103.72
Short position 1
(The price today will not rise above this mark with a probability of 68%) 104.62
Short position 2
(The price today will not rise above this mark with a probability of 95%) 104.83
Short position 3
(The price today will not rise above this mark with a probability of 99%) 105.03
Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading.
ALGT 1D RANGE TRADINGBuy a Daily Candle Close above the Range Top.
Watch for a Failed Range Breakout.
Use a 30m/1h time chart to watch if there is a Bearish bounce off Range Top.
Breakout Candle Must Be 100% of the Average Volume For full-size position
75% of the Average Volume For ½ size position
Stop Loss is 1.5 x ATR First Target is 1 x ATR (close ½ position 1st TP)