Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.2641 Stop =1.2661 Risk = 20 pips Profit target = 1.2551 Reward = 90 Pips RRR = 4.5 -1 2nd Entry = 1.2608 Stop =1.2638 Risk = 30 pips Profit target = 1.2551 Reward = 57 Pips RRR = 2-1
We have several good Type 1 Trades on the GBP pairs today. This is the First: Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 136.99 Stop =137.19 Risk = 20 pips Profit target = 136.12( The projected daily low ) Reward = 87...
Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.8220 Stop =1.8240 Risk = 20 pips Profit target = 1.8130 Reward = 90 Pips RRR =4.5-1 2nd Entry = 1.8170 Stop = 1.8205 Risk = 35 pips Profit target = 1.8080 Reward = 90 Pips RRR = 3-1
Have a Trade Plan Although most traders figure out pretty early on that they need a trade plan. They don't always know how to formulate it or what should go into it. Although a Trade plan can be go very much in depth, I will discuss what, imho, are the most critical components: First and foremost, it must fit YOU!! Any trade plan must fit how YOU want to trade...
This pair has been in a slow downward grind all week. it is due to explode. Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.8249 Stop = 1.8269 Risk = 20 pips Profit target = 1.8171 ( The projected daily low ) Reward = 78...
Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.8283 Stop = 1.8303 Risk = 20 pips Profit target = 1.8176 ( The projected daily low ) Reward = 107 RRR = 5.35 -1 2nd Entry = 1.8251 Stop = 1.8281 Risk = 30 pips Profit target =...
FIRST HAVE A PLAN . Better yet, have 2 Plans! Most traders have a trade plan, that will tell them when to get in and when to get out (or at least it should and I will cover that in the next segment) What a lot of Trader's don't have and really need, is an account management plan. An Account Management Plan is necessary to keep you from causing too much damage on...
Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.8318 Stop = 1.8338 Risk = 20 pips Profit target = 1.8204 ( The projected daily low ) Reward = 114 Pips RRR = 5.7 -1 2nd Entry = 1.8277 Stop = 1.8307 Risk = 30 pips Profit target...
We have a nice down move in this pair, so we will look to get in on a pullback. This is an MA trade with a High probability and Good RRR. Entry = 1.8338 (The Daily Senkou A) Stop = 1.8358 Risk = 20 pips Profit target = 1.8278 Reward = + 60 Pips RRR = 3-1 ** Once this trade is up + 25 pips, move your stop to breakeven and let it run
Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 139.54 Stop = 139.74 Risk = 20 pips Profit target = 138.60 ( The projected daily low ) Reward = +94 Pips RRR = 4.7-1 2nd Entry = 139.25 Stop = 139.55 Risk = 30 pips Profit target...
Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.2657 Stop = 1.2677 Risk = 20 pips Profit target =1.2587 ( The projected daily low ) Reward = 68 + Pips RRR = 3.4 -1 2nd Entry = 1.2629 Stop = 1.2649 Risk = 20 pips Profit target...
Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 140.69 (60 KS) Stop = 140.89 Risk = 20 pips Profit target = 139.65 ( The projected daily low ) Reward = 104 RRR =5.2-1 2nd Entry = 140.25 Stop = 140.55 Risk = 30 pips Profit...
We had a good push up on the GBP pairs on Surprise Brexit news and this pair has now gone into a consolidation between 1.85311 (High) and 1.85076 (Low). Moreover, it is now Above the Daily 60 and 15 clouds, as well as the Daily KS, 60 KS and 15 KS Entry = 1.8509 Stop = 1.8489 Risk = 20 pips Profit target = 1.8609 Reward = 100 Pips RRR = 5-1
We have a nice down move in this pair, so we will look to get in on a pullback. This is an MA trade with a high probability and Good RRR. Entry 1.7058 Stop = 1.7078 Risk = 20 pips Profit target = 1.7006 Reward = +50 RRR = 2.5-1 ** Once this trade is up + 25 pips, move your stop to breakeven and let it run :)
Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and Great RRR. Entry = 1.84710 (the Daily Senkou A) Stop = 1.84910 Risk = 20 pips Profit target = 1.8370 ( The Daily Senkou B) Reward = + 101 RRR = 5-1
Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and Great RRR. Entry = 1.7127 Stop = 1.7147 Risk = 20 pips Profit target = 1.7020 ( The projected daily low ) Reward = + 107 RRR = 5.35 -1
I often have traders ask me, how can I get alot of trades? And my response is that is the wrong question, the purpose of trading is to make Money, Period. It is, imho, to make as much money as you can in as few trades and in as little of time as possible. Although I have several methods of trading, the SS MA method, shown here is my absolute favorite. It has an...
Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.2962 Stop = 1.2982 Risk = 20 pips Profit target = 1.2872 ( The projected daily low ) Reward = +90 Pips RRR = 4.5-1 2nd Entry = 1.2937 Stop =1.2967 Risk = 30 pips Profit target...