Leanghorng
3 days of breakout, broke above previous session’s high , pulled back and continue, at least a 1:1 if it doesn’t rise all the way up
it still has 3 days to go up until it is the maximum holding period
Just put on a long position, looking to hold till Monday open.3 weeks of breakout and false break
looked at 17 trades . 5 wins= 29.41% ,8 losses= 47.06%, 4 breakevens= 23.53%. average losing trade is 1% of account size and the average win is 5.14 times the risk==> 1:5.14 r:r .so every trade trade has a >50% chance of not losing and when it goes right it will hit hard, with the average winner is 5 times bigger than the loser. this is the worst performing pair...
Maximum 2 trade per week, done for the week, let see next week opportunity
Just testing system to see that I actually have en edge
Still have today and Tomorrow to close out the week so hopefully it will be clean and close in our direction. 3 weeks of breakout, Monday triggered the other direction but Wednesday started to go down and in Friday it became 3 days of breakout to the low . Saturday’s Asia open above yesterday’s session lowest high , pull back into it and I got an entry. 3 weeks...
On many coins that have hit the previous weeks low 3 times in a row, and In all those coins, 5 of them have made another 3 days of breakout to the low of the week, looking to buy when a there is a session turnover to the upside. The second trade to finish the week. Hopefully tomorrow will be give a trade entry
key take away. inside week -> tuesday false break at the high and closing back inside monday's range-> wednesday's london session opened below the highest low among all the sessions low which in this case was tuesday's london session, then pullback into it and start to drop about 10 hr later. eighter it hit the other side of the range or i will close it at next...
going to hold until the next Monday open unless it hit my tp. Not even moving my stop to break even, let it the market do what ever it wants.Inside week+ D1, back to the other side of the range
Wednesday is often the reversal day into the back side of the week. This week the Wednesday did its job perfectly. When Monday broke the the high of previous week (inside week), it has a high probability to reverse to the other side of the inside week. Looking to hold this to the low of current week which was Monday or even to the other side of the inside week if...
Previous week was inside week,this week opened up and Monday pumped to previous weeks high, then put in a false break on Tuesday, which coincide with Wednesday, the back side of the week,it was making higher low every session during the front side of the move, In Wednesday’s London session it open below a prior session low. So I put a limit order when it pull back...
Pullbacked in a strong trend, likely to go higher risking 2% per trade
No wrong or right reasons, I just know that this most likely continue to rise
Over sold on a strong up trend.20&200ma suggests up side strength, over pulled back in a way that leave gap to be filled
Over sold on a strong up trend.20&200ma suggests up side strength, over pulled back in a way that leave gap to be filled
Overbought in a bear market, within a week we will se result
Overbought in a bear market trend,1-5 days from now will see the drop