Price is below the 50 MA and the 200 MA on the 4hr chart, both MA's are crossing on the 1hr chart also making a clear break and retest of the trend line, and what you're seeing now is my bias for entry on the 15mins chart depending on how the market opens today. 👌
MY TRADE ENTRY FOR PERSONAL PROGRESS TRACKING
MY TRADE ENTRY FOR PERSONAL PROGRESS TRACKING
The price is currently looking good, I just took an early entry because price broke market structure and closed above the 50 MA, looking good. Tomorrow morning this should play out nicely if the analysis is correct 5:1 trade
Two stop loss, why? if you wish to enter now, you will need to give the trade some room to play out so you should use the bigger stop loss in that case (Stop loss placed below structure). If you want a tighter stop loss then enter this trade when receive to projected move, why? because there is momentum coming from the higher time frame and that projected move...
Moving average 50, I look for momentum from the higher time frames daily and 4 hrs because I'm an intra-day trader. The main thing I look out for is: 1. Is price above/below on the 50 MA on the 4 hr TF 2. Is price about to change direction from the current swing on the 4hr chart (I use a trend line for the swing on the 4 hr chart then go to the 1 hr chart for a...
Price above 50 MA its a buyers market, when below it's a sellers market. Pay attention to the risk management and entry rules. Like to let me know if I should share more, comment questions.
Price is at a very good area on the daily chart, using multiple chart analysis, I'm looking for a break of market structure on the 4hr chart then use the 15mins chart to get a tighter entry.
Waiting for the break of market structure would be an amazing confirmation
THIS GAVE US AN INSTITUTIONAL TRADE ENTRY PRICE RETEST THE 50 ZONE OF THE PREVIOUS INSTITUTUIOAL CANDEL, THIS TRADE WILL BE DROPPING HARD, GOT BETTER ENTRY. 200 PIPS GOAL, STAY TUNED.
price already made the correction at point b, we're looking to break and go down now. entry at break
let's get some pips
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very good entry technique, low-risks and high rewards. Follow me on IG: @kemstar_dominant
MA: BLUE: 6 YELLOW: 12 RED: 26 ORANGE: 200 SRP (ENGLUFING CANDLE POINTS AND REVERSAL ZONE)