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BURL, Burlington Stores Inc. - Stop Loss on Broadening TriangleNYSE:BURL It is never a question of being right or wrong, but rather of being too early and being thrown out of the market before the asset's actual direction. What we need is an event that allows us to systematically decide to enter Long or Short, in our case the patterns of technical analysis. We are trend-followers and we gain from price movement, so we could call ourselves "Price Change Traders". In this case the price had triggered our Stop Loss. Stay Tuned!
NYSE:BURLEducation
by SwissTradingSchool
1
ATR MONEY MANAGEMENT FOR GBPAUD & EURUSD 4H & 1DUsing a set amount for SL and TP for different pairs and time frames is not effective money management. Using the ATR for a specific pair and time frame lets you custom yur SL & TP for what that pair actually moves. ATR 1D takes the last 14 candles and adds up then up together and then divides that figure by 14. Now you have an average of how much that pair moves in a day. GBPAUD 1D ATR moves 133 pips GBPAUD 4H ATR moves 47 pips EURUSD 1D ATR moves 42 pips EURUSD 4H ATR moves 15,6 pips This helps me determine a more accurate setting for my SL and TP for the pair I am trading and the time frame I am using.
Education
by Tradingstrategyguides
SILVER - GET READY - ONE SHOT ONE KILL!Silver is at a critical position. This is an opportunity for a controlled loss.. Did I say 'loss'? Yes - I did. If you cannot afford a reasonable stop-loss - of your choice - do not go long on Silver. Those interested in the Gold:Silver ratio, may check out its importance in recent weeks (on the net). Note that silver is going at roughly USD $ 17.04 at the time of posting. Gold is roughly $ 1468 and Bitcoin $ 9200 . Which do you think has a better chance of 100% appreciation over the same time scale?
FX_IDC:XAGUSDLong
by Captain_Walker
EOS Ascending Channel is highly to bounce upward!!!Hi Beautiful peopleeee again!! Looking at the Daily EOSUSD chart, you can see EOS did break big falling wedge to go upward and now looks like it is building Ascending channel. You can see the current price is at the support of ascending channel as well as the RSI and MACD are sitting on the support uptrend. From this reason, I see a high potential bounce upward from here. We can play small trade by setting target at resistance of ascending channel $4 with stop loss around $2.95. IF you love to accept higher risk in case ascending channel is neglected by dropping of the price, it might bounce from strong uptrend support from low Oct 2017 ,low Dec 2018 and low Sep 2019 in green line. The stop loss will be $2.7 below this strong support and target will be $6.53. ***** THIS INFORMATION IS MY IDEA AND IS NOT RECOMMENDATION TO BUY OR SELL. IT IS TO BE USED FOR EDUCATIONAL PURPOSES ONLY. ******
BITFINEX:EOSUSDLong
by SusuTrader
GBPJPY (1D) - revisiting base of one big head and shouldersThis is not a perfect head and shoulders - and it is rather unusual to find a perfect pattern. I say what I see: 1. One big H&S on GBPJPY (1D). 2. Price had collapsed south from the base, almost the distance of the head. 3. Price is re-challenging the base at an important structure level. There is an opportunity here for a controlled affordable loss (alias stop-loss). Did I say loss? Yes I did - so if you short this and lose your money kindly sue yourself.
Short
by Captain_Walker
BAT will fly like a Bird !! LONG BATUSDHi Beautiful peopleeee on the weekend!! Looking at the Daily BATUSD chart, you can see BAT did break big red trend line to go upward. It came with strong bullish divergence on MACD and RSI as well as the price currently stay on top of 21 daily EMA which is bullish sign. From these reasons, I see a opportunity here to go long with a tight stop loss around $0.2-$0.198 as well as my sensible first target is $0.28 and the second target is $0.36. If you like this idea, pls click thumb up to support me more and more!! Have a nice weekend : ) ***** THIS INFORMATION IS MY IDEA AND IS NOT RECOMMENDATION TO BUY OR SELL. IT IS TO BE USED FOR EDUCATIONAL PURPOSES ONLY. ******
BINANCE:BATUSDLong
by SusuTrader
2
Journal analysis: Looking at my past gamblesOnly 1 way to get anywhere... Time to look at some trades I posted, going to focus mostly on the exit. Most important part, that's when you make (or lose) money. There are a couple of ideas marked "short/long" on 3D & W charts, these are not trades I took or intended on taking, it's a general bias idea. Maybe I should not tag "long" and "short" so they are more easy to filter... 05 September: CHFJPY Original idea: Outcome: A loser, and didn't miss much. Lots of buying pressure. The reversal area was correctly identified thought. Not much to trail here... 10 September: EURJPY Original idea: Outcome: Kinda repeated what I did on CHFJPY... 12 September: Gold Original idea: Had 11 losers in a row, was aiming for 12. Get ready to get big losing streaks if you go for RR of 5, 10+. Outcome: I am keeping it in the back of my head, but I don't think there is much to learn from that specific trade. More generally there is something to learn, that when the recession is looking close, and there is an uptrend and great news catalysts, and on the weekly/monthly chart we broke out of accumulation and are going up; then buys are a good idea. 12 September: USDCHF Original idea: "Watch me end my losing spree live" Normally I won't post a trade way after I entered and it went my way, but this was ending my lose spree I wanted to... Outcome: Conclusion: Well don't try running winners in choppy markets (if you even can trade them). Nothing much else... 16 September: NatGas Original idea: Outcome: Not sure how to explain that one without swearing. I'll use a little monkey emoji instead. Need to look at Oil: Of course in this case, EMAs cannot be used to trail... It makes no sense... It did not go much higher and went way down. I can't see H4 & H1. Probably would end up a 5R to 10R. There is alot of fear and uncertainty in these events, possible price just has some wild sudden moves in 1 direction. So ye, no opportunity for a very large winner, but still a great 5R in 5 days with what I think are high odds. 18 September: USDMXN Original idea: Outcome: I got kicked out early, as price was retracing alot several times before the rising wedge broke bullish. Only got 1R out... If I waited for 3 or 4 R before trailing my stop I'd catch the move. Was hard to stay in this one I find, but maybe I should risk it, and wait for at least 3-4 R before trailing my stop. Usually I do... 18 September: Dow Jones & Dax Original idea: Uh, another winner, I did not take the shot thought. Hmmm ok great. Had a winner that would have almost entirely paid for my entire losing spree by itself (if I managed it perfectly and also went into the right indice which would not have happened). Bummer. Had alot of winners at around the same time during that period I remember, then back to lose spree ^^. ---- Checking my log I had 15 trades that were trades I lost, missed, broke even, small winners. But mostly losses ;) Going to fast forward or this post will never end. - 1 exception I want to look at thought, from this idea: Lost on GBPCHF, went the other way, then in an update Imentionned I went short GBPJPY Stopped at the top then it went my way, very much. Pretty fun. Also going to skip those recent yen pairs. USDJPY going down of course ahah. CHFJPY and EURJPY, same as on the 5 september. I shorted vertical candles. No waves, just a straight candle. And lost. Again. I want to look at a complicated BitconnectCoin trade a while ago... Shorting Bitcoin is not rewarding. Bears should be buyers too. I don't recommend shorting it honestly, expect when it breaks down vertically, very short term trades. I keep repeating this lol. For 1 year now. No one ever listens so I'll keep repeating it. It moves exponentially... So obvious. Bulls think they have discovered something... So obvious it hurts. What to learn here is (apart from that pennants work wonders), just set a buy order on a predetermined price, and it will get filled by a vertical candle... Have to short on Bitmex as a hedge or (*0) to be flat... Really sucks. Have to be around the PC. (Because bitmex is all in btc not stable currencies). OR use Kraken/etc buuut if you use leverage and your stop gets ignored, go enjoy. Great, by analysing Bitcoin, I have convinced myself once again that it sucked and I didn't like it. Not on my timeframes. 09 October: EURGBP & GBPNZD Original idea: Outcome: No central bank meeting/release all week. Is giving back 1-2 R on most winners to get 20R once in a while worth it? YES! Well has to happen at least 10% of the time... Those 20R are just insane. Arrr I feel like a pirate. Because I found a treasure. Staying in a winner, nothing feels better. You just need 1 big winner and you are so done. On higher timeframes think about the people that bought Bitcoin here and stayed in until perfect exit: Say they're a long term trader. Let's try finding something that makes some sense. Another example: Well in general I have a whole lot of small losers, really tons of those, a few small winners (they are pointless, I need to keep trying to have as little of those as possible they really are pointless), a few ~5R, and the 10-20 or even more R is super rare but the rare time it happens my account takes a huge leap. Worth giving up some on 5Rs to get these huge winners once in a while. 5Rs almost feel as "meh" "they're just small winners that cancel themselves out with the losers".
by MrRenev