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Simplertrading

Nice And Beautiful The price just met with an important zone and would be on it's way to the trend-line soon. To back up, we have inefficiency in price action which is yet to be filled. From the daily confirmation, the price just surpassed the major upper supply demand zone and would retest as well. Stay tuned, as the trendline would be broken, there would be another retest and it would be a perfect time to sell. Remember naked charts are art and always keep it simple followed by some price action and a good risk to reward ratio - and Voila.
by VeerForex12
1
Keep It Simple and Make it Profitable. Hey, I am just starting out here. However, I have decided to put up my analysis and help people out here. I hope this help. Now, what's actually happening is pretty simple. The price just hit the upper trend-line and will soon move downwards till the next supply and demand zone. Furthermore, we also know that the price is forming a rising wedge from the daily bars. Now, we have a good risk to reward ratio here and let's see what happens next. Remember, naked charts are the beautiful art and we should keep it simple and profitable.
Short
by VeerForex12
1
A simple setup.SETUP: When you have a good setup, signal bars aren't that important. In this picture, you see BTCUSD is in an uptrend: higher highs and higher lows. price is in a channel. when it hits the bottom of the channel, you can buy even with a weak signal bar. (I say weak because it has a relatively long up tail. tails on top of candle mean bears are forcing a selling pressure.) STOP LOSS: So, where do you put your stop loss? Remember, stop loss is placed at a level that if the price reaches that level your analysis will be invalid. What's our reason for buying? an UPTREND. What's the characteristic of an uptrend? higher highs and higher lows. When price discredit your reason? when it descends below the last low. then you'll have a lower low and the price is either starting a downtrend or a trading range. Thank you for reading this. Write your opinion in the comments.
BITSTAMP:BTCUSD
by Trading-with-Ali
EURNZD BUY ALREADY RNNING +3.4% GAIN!EURNZD RUNNING WELL SO FAR! Currently running at a 3.4% account gain! What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
by congibb
EUR/USD: Breakout time to get some pips! (Patience is key)Morning all, Price has broken below the upwards trends line and seems there is a strong signal for a potential short lining up on this pair. - As you can see from the annotated chart I will be waiting for price to retrace to the old trend line and bounce back down before I enter a short position - Patience is key here as you dont want to get caught in a fakeout - The next key S/R levels moving down are 1.11717 and 1.11348 - my exit area would be around 1.11348 but that is pending it breaks through 1.11717 Let me know what you guys thinks, a really easy simple setup that just takes patience and caution to maximise our profits! Good luck!
Short
by Simple_FX_