Backtest of today's movement on GU, full top-down analysis done from 4H, 1H and 30M
Mitigation entry, not usually something I'd trade but wanted to apply my strategy to different pairs to see how effective it is. Full explanation in the video.
A general backtest of my strategy on a new pair, this was a risky entry and not one I'd usually take based on my trading plan but it was worth experimenting and deciding whether I'd want to expand my pairs. I will likely not.
Full explanation of entry into a long entry on GJ
All annotations are indicative of how I entered this trade, any comments and critique are appreciated.
Just a bit of general bit of practice, annotation describes my thought process as I was going through the time frame and shows where I would've entered trades. Any insight and comments appreciated.
All annotations on graph fully explain my logic for this potential trade position which will need confirmation before entry, my first attempt of a live institutional set-up. All feedback or comments are greatly appreciated!
120 Pips gained at current, moving SL to BE
Just trying to learn the basics of institutional trading methods on Daily and 4 Hourly timeframe.
Price has recently retraced from an overall high on the Daily chart and is showing evidence of becoming bearish on the 200EMA (4 hourly and hourly). However, on the daily the market is still indicating bulllish momentum from the 200EMA. Price made a strong bearish breakout, this movement is now retracing to test a key level of resistance which has confluence with...
Price is in a slighlty bearish channel, this is indicated by price being firmly under the 200EMA on the daily and making lower highs. Price has been highly responsive to the 200EMA on the daily, as it has acted as an area of resistance for the price level. On the 4 hourly chart price has shorted by at least 100pips on the last two touches of the 200EMA. Overall,...
Price has been consolidating in a very tight range after breaking a channel illustrated clearly on the chart, arguably forming a bearish flag which may break down to entirely break structure offering profitable short positions. Furthermore, the 200EMA on the hourly chart (and daily) is showing bearish momentum. Alternatively, price is rejecting this lower...
Price is overall moving in an ascending channel, however, price has broken downwards of the 200EMA with strong bearish momentum. It appears that the price will continue to weaken as the EURO is also weakening to the Dollar currently (see attached chart). As this trade is against the general trend, looking for extra confirmation alongside the bearish momentum such...
Price is moving within an ascending channel which is showing strong rejection of the support and resistance of the channel, alongside two key areas of resistance illusrated by the purple areas of the chart. After a spike in price on the 10th of September, illusrated by the 20EMA crossing the 200EMA in an upwards momentum. Since this price movement, price has been...
The market is in an ascending channel on the Daily time frame and has respected the lower support trend and rejected it and gained bullish momentum. Furthermore, on the daily time frame the 200EMA is below price which is a strong indication of bullish momentum and bias continuing. The larger area of resistance has proved itself as a key level of resistance on...