GBPCHF educationalHi traders,
I will show you in this analysis how to trade ranging markets before the break out.
After a long time of consolidating we will see a break ot, but how we can trade this and how we find the right setup.
First draw the triangle an the boarder lines of the range.
The border line of the range are the entry points for your stop orders, the opposite range line from your entry point is
your stop. Your target on a long trade is the next resistance and on a short trade the next support line.
So you must not watch all the time the charts.
Risk management is the key to forex.
Your Stefan Forex
Sellstop
EURJPY 4H MA TRADESPrice is in between the 50 sma and the 100 sma
Short Trade
If price drops below the 50 sma in less than 8 bars
Then Sell Stop @124.49
Sell Take Profit @ 124.00
Long Trade
If Price stays above the 50 sma for over 10 bars
Then Buy Stop @ 124.95
Buy Take Profit @ 125.30
SL 20 pips below or above 50 sma
depending of a sell or buy
Watch Macd for direction
Strong opportunity on GBPJPY FX:GBPJPY reached a critical point today, big resistance at this point as it is an intersection between a downtrend and 50% fibonacci resistance ... we will go down for sure, with an entry on 142.450, a stop loss on at 143.988 (23.60% fibonacci) and a first target at 141.002, a second target at 139.512 and 3rd target at 138.591
Basics: Markey Entry for Sell StopThe Engulfing candle never fails, offers a SIMPLE way to make LOTS of CASH! :-) This was a 70+ pip move. The sell stop is ordered when the current market price is above the expected market price, where the trend is toward the demand zone, downward trend, the take profit is placed below the entry point and profits are incurred all the way down. Master simplicity :-) And make lots of money :-) Happy Trading.
NZDUSD 4H RANGE TRADESPrice is above 100 sma
Price could continue up to the 50 sma
Price usually moves sideways awhile when in-between 100 and 50 sma
Price may breakout above 50 sma and retest range top
Enter bullish breakout on a 15m chart with a break-hook-go candle pattern
Price could fail above 100 sma and cross below it again
Sell Stop @ 1.6725
Sell Take Profit @ 1.6690
Find appropriate SL
GBPUSD 4H SHORT TRADEPair has not created a new high
Macd is below Red signal so bearish bias trade
800 sma is creating a resistance level
Price may re-test 800 sma - expect failure and price to continue bearish bias
Short Trade
Sell Stop @ 1.2829
1st Sell Take Profit @ 1.2799
2nd Sell Take Profit @ 1.2770
3rd Sell Take Profit @ 1.2736
Take 1/3 profit at 1st and 2nd TP levels
Close trade is Mace goes above Red signal line
SL above closest fractal high
USDCAD 4H SHORT TRADESPrice is moving between 50 sma and 100 sma
Price may rise back to 50 sma again before falls to 100 sma
Sell Limit @ 1.3567
Sell Limit TP - take 1/2 profit @ 1.3480
Let rest of trade ride
Price can currently fall to 100 sma and break below
Sell Stop @ 1.3480
1st Sell Stop TP @ 1.3427 - take 1/2 profit let rest ride
2nd TP close all trades @ 1.3364
SL placed above high
Adjust SL as price falls
GBPAUD 4H TRADESPrice is in-between the 50 sma and 100 sma
Price could retrace back up to the 50 sma
There price can fall to the 100 sma or break above the 50 sma
Long Trade - break above 50 sma
Buy Stop 1.8575
Buy Take Profit 1.86985
Short Trade - fall to 100 sma
Sell Limit 1.8512
Sell Stop 1.8380
Sell Take Profit 1.8324
GBPAUD 4H TRADESPrice is in route toward the 50 sma
Macd has fallen below red signal line
Long Trade
Buy Stop @ 1.8543
Take Profit @ 1.8595
Short Trade
Macd is falling
Sell Stop @ 1.8445
1st Take 1/2 Profit @ 1.8405
2nd Take 1/2 of balance Profit @ 1.8355
3rd Take Profit @ 1.8310
Re-enter trade short on a 15m break-hook-go of the 1st and 2nd take profit levels
Find an appropriate SL