GBPUSD 4H TRADESPrice is above 50 sma
Long Trade
Buy when a candle closes above green resistance line
and Macd is is above zero line
Long TP @ 1.3170
Short Trade
Price falls below 50 sma
Sell Stop @ 1.3125
Short Take Profit 2 1.3055
Price should fall quickly
If price stalls take profit at 30 to 50 pips
Close trade if Macd goes above zero line
Find your own SL
Sellstop
GBPAUD 4H SHORT TRADEPrice is in between 50 sma and 100 sma.
Price fell half way to 100 sma and returned to 50 sma
Price should fall toward 100 sma
Price at 100 sma will either cross below 100 sma or consolidate sideways
Sell stop below 100 sma @ 1.7795
Take Profit @ 1.7728
SL as shown
If price crosses above 50 sma trade void
EURUSD 4H SHORT TRADE REVISEDPrice moved above 100 sma
Price has 2 options besides moving sideways
Option 1 - Price continues up into Pending Sell area 1.1809 & 1.1830 - Sell from here - SL 1.1845
Option 2 - Price falls into Sell Stop @ 1.1767 - Take Profit @ 1.1730
If price continues bullish move above 1.1850 wait for new setup
If price falls below 50 sma
Sell Stop @ 1.1625
Take profit @ 1.1535
Watch Macd for direction and signs to close trade
EURUSD 4H SHORT TRADEPrice has been above 50 sma
If price breaks below 50 sma I have a sell stop waiting @ 1.1647
Take Profit @ 1.1555
Stop Loss @ 1.1747
Need Macd to cross below Red signal and zero lines. Also blue dotted +80 Stoch line - over bought
Close trade if Macd crosses above Red signal line and if market indecision makes small bodied bars hovering above
50 sma.
AUDUSD 15M BEARISH CONTINUATION TRADEPair is in a bearish move.
Market has paused and not broken above the 50 sma
I have a sell limit @ .7627 if price breaks above the 50 sma
If price stays below then I have a Sell Stop @ .7605
Take Profit @ .7575
SL @ .7647
Macd to cross below blue dotted +80 Stoch line and Red signal line
GBPAUD 4H REVERSAL - DAY RANGE TRADESGBPAUD is in a Day range pattern
Price is at the bottom of the range and also at a long term sup/res level
Price can bounce off range bottom or breakout and continue the trend
Day Breakout trade -
Sell Stop @ 1.7520
Take Profit @ 1.7420
Watch Macd to cross below Red signal line - close trade if Macd crosses above Red signal line again
4H Reversal Trade
1st Buy Stop @ 1.7775
2nd Buy Stop @ 1.7805
3rd Buy Stop @ 1.7875
Take Profit 2 options
Opt 1 - 1st and 2nd Trades take 1/2 profit at 50 pips each - run with balance to take profit
Opt 2 - Run all 3 trades to take profit
Take Profit @ 1.7920