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Riskreward

Last Week Trades EURUSD OnlyLast week Feb 8 - Feb 12, I only took 3 trades out of the entire week only on EURUSD. My first trade I was looking for a somewhat small push back down but the liquidity above was greater and that was something I over looked. Not a big deal but now its some thing I learned. My Second trade I had the right idea but I calculated my entry a little early and I ended up getting stopped out. I knew my entry was they only thing that was wrong because of the schematic still playing out on Thursday. So I entered again I believe on a 15 or 30m institutional candle with minimal drawdown price moved down to the next institutional candle. I did miss the rally off the order block but it was a Friday and I just wanted to take my profits and leave. All together last week was a gain of 3.50%.
Short
by tazionn
2
Long CRM - SalesforceHi Folks, I'm new to charting so if there's any CMT's taking a look, please feel free to criticize. Anyways, on to the chart. I like the setup for CRM here. It appears a classic Island Reversal Pattern has completed and the prices are ready to move higher. I also like the risk reward ratio. Traders can risk down to the 50DMA with a reward potential up to the prior resistance. If resistance is broken then prices could reach the prior highs. So. you'll risk $15 for a $25 upside with potential to $41. I'll be entering a position tomorrow when the market opens. Thanks for looking and GLTA.
NYSE:CRMLong
by Breakout_Charts
Bitcoin Dominance vs AltsHello! Here we have a Bitcoin Dominance chart on 4 hour timeframe. What we can find from the picture: I have marked some with Red Circles . There is a bullish divergence on RSI (orange lines) shown on 4hr and also on daily chart. Which tells us that a possibly trend change could be close by. We did test the 200 Ema (red line) 2 times already but the bears got the hold like we can see from the price action. We have seen a crazy bull market (new money flowing in) with alts, Btc and stocks. I am getting little worried because of this. Everywhere you look there is something going 20% to 100% even in US small caps. Peoples speculation is at dotcom levels. I would suggest to slowly plan your future and possible exits if you see them fit, and look past all of the euphoria what is happening all around us. This is of course to you to decide. Right now we are on this trend line on the price and the RSI . I do think that we might need to go get some more speed again from the bigger weekly trend line which is little lower, around 60%. (Previous weekly analysis) We did already see a new Ath from Bitcoin yesteday but there clearly wasn't enough bulls. Otherwise we would have went to 50k. I still think alts has little more to go based on the previous assumption and also which one would you buy with 1000 bucks. 0,02 Btc (possible 20%) or 1000 to 10k pieces of shit coin? ( possible 40% to 100% RIGHT NOW). Point is Bitcoin is expensive and people see now only fast gains, free money everywhere. What I have understoond is that US economy is not really doing well right now and at the same time Stock markets are booming. They don't go 1 to 1 so be careful If you do trades use stop loss. Otherwise you will get your ass burned! -Jebu
CRYPTOCAP:BTC.DLong
by PalenTrade
3
Make profitable trading decisionsHi Fellow Traders The greatest tool in your arsenal is your Risk/ Reward rules when evaluating the potential expencency and outcome of each scenario. By using this to protect your account it may help you to survive long enough to be profitable. Risk/ reward is quite simple. If I risk $1 on a trade, I need to make on average $1.50 to be profitable. In other words, my risk is 1 and my reward 1.5, therefore it is a 1:1.5 risk/ reward ratio, which is acceptable to potentially enter a trade if it meets your criteria. You want to try an average between 1:1.3 and 1:1.7 when looking for trade opportunities. The Risk/ reward tool on Tradeview is excellent for evaluating and getting a proper picture of the potential upside and downside before making a decision. I hope you enjoy the video and that I have been able to contribute to your potential success as a trader. Please feel free to comment and reach out if you help. Regards Wayne_G
Education
by Wayne_G
1