TFEX S50 : Swing TrendTFEX S50 : Swing Trend
Case Study : Entry short when the price moves up to the resistance level and makes a Reversal Pattern.
When the Minor Trend returns to Down Trend Bias, aligned with the Primary Trend, it is the entry point for a Short Position. So can take profit at the support Poc of Regression Trend Line.
Tfex
+++ Time to Buy Tfex S50M2024>>> Time to Long <<<
S50M2024
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>>> Open Long Plan
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*** Buy 30% if above 840@ ATO
*** Buy 100% @ Below 840
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>>> Stop loss is 820
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>>> TP1 @ 857
close 20 % and Trailing to Break event
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>>> TP2 @ 875.6
close 60 % and Trailing to TP1
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>>> TP3 @ 885.6
close 20 % or Trailing to Break event
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>>> Time to Short S50M2024>>> Time to Short S50M2024 <<<
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>>> Open Short Plan
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*** Sell 837 or above 837@ATO
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>>> Stop loss is 852 or 15 Point
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>>> TP1 @ 822
close 20 % and Trailing to Break event
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>>> TP2 @ 807
close 60 % and Trailing to TP1
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>>> TP3 @ 797
close 20 % or Trailing to Break event
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>>> Time to Buy S50H2024>>> Time to Long <<<
S50H2024
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>>> Open Long Plan
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*** Buy 30% if above 835@ ATO
*** Buy 50 - 70% if below 835@ ATO
*** Buy 100% @ 826 it best price
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>>> Stop loss is 819.5
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>>> TP1 @ 850
close 20 % and Trailing to Break event
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>>> TP2 @ 865
close 60 % and Trailing to TP1
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>>> TP3 @ 875
close 20 % or Trailing to Break event
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>>> Time to Short <<<>>> Time to Short <<<
S50H2024
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>>> Open Short @ ATO Above 846.2
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it best price is 850 - 851
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>>> Stop loss is 861 - 864
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>>> TP1 @ 834
close 20 % and Trailing to Break event
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>>> TP2 @ 821
close 60 % and Trailing to TP1
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>>> TP3 @ 812
close 20 % or Trailing to Break event
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S50Z2020 - Daily analysis on 9-10-2020- Daily Timeframe is downtrend
- H4 Timeframe is sideway; try to form higher high
- H1 Timeframe is sideway; try to from higher high. If price don't close below 787, trend reversal in H1
- 15 minute is sideway in uptrend. Trading channel is 800 - 809. If price isn't below 795, It's still stay in uptrend.
S50Z2020 - Daily analysis on 7-10-2020Daily Chart
- Trading channel is 787-777
- Green doji was shown on price chart means sideway on yesterday.
- There is a chance to reach 787.
- Downtrend on daily chart
H1 Chart
- Cluster of candle stick was stuck under supply zone.
- This is a zone for collecting short position.
- Downtrend on Hourly chart.
* Bias Short
S50Z2020 - Daily analysis on 2-10-2020Daily chart
- Trading channel is 777.4 - 800.0
- A candle stick similar to hammer was shown on price chart at support area yesterday mean short term rebound.
- Downtrend in daily chart
Hourly chart
- Trading channel is 774.4 -787.5
- If price across 787.5, high chance to reach 793.
* Bias Short (belong to daily chart show downtrend.
* Rebound and Short strategy today.
S50Z2020 - Daily analysis on 29-9-2020For daily chart
- Trading channel is 777.6 - 801.5
- Bullish reversal candle stick pattern (morning star) was formed on daily chart, but it must be confirmed by today.
- Now, It's downtrend.
For 60 min chart
- Close price is 796.0
- High chance to reach 800 then throwback
- If price throwback isn't less than 788, that's mean price reversal on 60 min chart.
Strategy : Wait and see
High chance of the pullback to retest the supporting pointThis shape usually have a higher chance to break lower than to break higher. But its the good indicator to see wether it will confirm the breakout or it will go down to retest first. I’m ok with both. I already have tons of stocks which I bought at the very low price, and I still have cash to buy the discounted good companies.