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Trend-analysis

EURNZD has been awesome - now in a buyEURNZD - Buy position now valid. The entry price, SL and multiple TPs are shown on the chart. The last two trades have generated in excess of 700+ pips - crazy. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, 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 - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Long
by pow_removetheguesswork
AUD/JPY buy Taking this trade as a bullish flag pattern has formed so I will be trading after the third touch of the resistance line and looking to go long as you can see on the 4 hourly timeframe price is above the ichimoku cloud which suggests bullish. Stop loss:76.124 Take profit:77.269 Risk/Reward:3/1 The ichimoku is used to help confirm the direction of the trend as I mainly just use price action for my main analysis. Please feel free to like and follow and share my ideas with a friend😊
Long
by ab21
8
USDCAD Key Support|Bullish Divergence|Local Resistance|.618 Fib Evening Traders, Today’s Analysis – USDCAD – strong sell off leading the market to oversold conditions, a bounce is probable into local resistance. Points to consider, - Impulse sell relief rally - Structural support respected - Local resistance (immediate target) - Oscillators diverging - Volume below average USDCAD’s immediate trend is bearish with an impulse sell into a key level, structural support that is holding true. A relief rally is probable into local resistance – backed by a valid double bullish divergence. As both oscillators are diverging from price, this indicates buy momentum coming into the market. Current volume node is below average, an influx is highly probable upon a back test of the .618 Fibonacci. Follow through will be needed to reach local resistance target. Overall, in my opinion, USDCAD is a valid long with defined risk. The market is due for a relief rally; price action is to be used upon discretion/ management of the trade. What are your thoughts? Thank you for following my work! And remember, “The expectation that you bring with you in trading is often the greatest obstacle you will encounter.” ― Yvan Byeajee
Long
by AzizKhanZamani
USDJPYProcess structure: The main trend of this timeframe is completely downward and there is no sign that the trend will return. In the lower time, H1, wait for a correction in the trend to enter the loan sale for both trends. follow next analysis : H1 USDJPY (Give up all the old methods and do not use any indicators, just order with your own discernment and eyes.) Tired of Elliott's interpretation? Are your indicators lying? it's true All lies. Everything is a process in itself. The whole secret of this market is in this chart. Send me a message
Short
by delaramrahimi
EURJPY running +280 pips, patience paysWe know through our substantial back testing using the Trading View Strategy Tester, that holding onto trades until a reverse signal is presented is the most profitable way to use our strategy - EURJPY is a great example here. The trade is running +280 pips from the initial buy with a fantastic RR of 1:9 currently. Even if this now reverses, we will close in profit either way - or it continue up of course. Ultimately, no one knows - so we follow the strategy. This is one of the biggest challenges traders face, holding onto winners - through fear of the profit disappearing. If you have been selling this pair, please stop trying to catch the tops and bottoms. Regards Darren
Long
by pow_removetheguesswork