Pair seems to be in a down trend moving towards the bottom the the Channel. Take a trade as it breaks the current support level. At the Channel bottom I am going to close out that trade and watch what happens. If it breaks the Channel Trendline I will wait for a Break-Hook-Go entry short. If it bounces I am watching for a bullish reversal candle pattern setup...
I trade only the USDJY for US news. I wait for at least 23.6% retracement. I enter on opening of continuation candle. SL below previous candle. TP starts with 30 pips and then I trail stop on a 1m chart. As new high is created I place my SL on the previous swing low on the 1m chart. I also watch for 50 & 00 #'s.
This is my Asian Session trade for tonight. Sellers tried 3 times with wicks to continue the short trend but it could not progress with a lower low. That indicates there will be consolidation for a retracement long. I used a fractal high to break and the 3 alligator ma's to have price be above. Enter, SL and TP were easy to see. Net pips were around 9 but for an...
AUDUSD 1H H&S broke right side neck trendline. Pair is now in a long pullback between the 50 & 61.8% fib. I have an ascending trendline on the underside of this pullback. Price is at the 100 sma and this trendline breaking through. My TP is the first neck support line @.7877. Add second entry when price breaks the previous swing low @.78145. SL above swing high...
We see here that the price action continues to move down. With the confirmation with the Big Three indicator if it says red and we see a fractal breakout here then we suggest you go short here. We will update this trade idea with potential targets if it triggers. Let us know if you have any input on this!
You will find at least one or more Big 3 trades during the first 3 hours of the US Session on a 15 m chart. Let us know if any one has added this great strategy to their US, Asian or London session trading. It is a nice slowly developing easy to see strategy. Lots of time to get yourself setup.
We see here that the price action continues to move up. With the confirmation withe the Big Three indicator if it says green and we see a fractal breakout here then we suggest you go long here. We will update this trade idea with potential targets if it triggers. Let us know if you have any input on this!
We see here that the price action is in a downturn. Currently in a long pullback. Waiting for price to break 30m trendline. Enter at 1.1845. @nd entry @ 1.1834 with break of fractal. With the confirmation with the Big Three indicator if it says red and we see a fractal breakout here then we suggest you go short. We will update this trade idea with potential...
Pair has had price breakout of the 800 sma short. TP is a previous sup/res line and is also 5m 800 sma @ 1.6525. SL above swing high. You can take off 1/2 position @ 1.6555 and re-enter @1.6545.
This is my Big 3 US Session trade. I get at least one of these every day. I customized my Big 3 trade using the alligator ma setting (5,8,13). My long candle that closed outside all the ma's became my resistance level for my continuation candle needed to break for my entry. Current previous resistance level became my TP. EURCAD has great price movement so this...
I am watching the 5 m as it is in a pull back long waiting for my entry @ 1.4845. Pair has bounced off the top back into the channel and is heading toward the 50 sma and the 800 sma for a TP @ 1.4780. At 1.4805 I will take off 1/2 position and re-enter @1.4795. Macd has divergence to price and is falling to the 0 line.
Pair is in a range box. Price may break out long for continuation trade. Most likely it will take a break and return to the bottom of the channel. When it breaks the bottom of the range box -Break-Hook -Go entry to the bottom of the channel. There take 1/2 position off and be prepared for a continuation short re-entry or a pull back into the channel long entry....
Price should be retracing with a pull back short then off to the races. There are lots of potential entry points. As you come to an entry level take 1/2 position off (bank some money as you go) and watch 15 m chart for re-entries. 5 pips before level exit & 5 pips above level re-enter. We are combining the 1H and 4H 50 sma levels, 100 sma levels and 800 sma levels.
Pair has created a Head & Shoulders pattern. There are two entry points depending on how conservative you are. TP can be determined by the distance from the Head to the Neck trend line. Watch the dollar index to strengthen for this pair to drop. We have many different strategies to learn on our blog and we are constantly coming out with new strategies for traders...
This pair had a Break-Hook-Go entry. If you missed this first entry then the Macd is in a position for a possible pullback that you can watch on a 15m chart. Watch for a bullish reversal candle setup. Engulfing candle, railroad tracks, evening star. There are two TP points. After you close 1/2 position @.8995 the place a buy stop @ .9005 for re-entry. We have many...
The Break and Hook already happened. Now we are just developing the Go. The 50 sma held as a resistance level. A resistance level is now our TP. SL above the top of the consolidation. We have many different strategies to learn on our blog and we are constantly coming out with new strategies for traders to learn every week. Visit us below on the website, Twitter...
You draw current sup res lines around current price. As price flows up and down through these lines you trade. Lower right corner green text - If you have a directional bias long you let price flow through a line short. Then you place a buy stop just above that line so when price comes back there and flows long into your area you are in your trade. You are trading...
This pair is in an ascending triangle pattern which usually means a bullish breakout. There can still be a lot of distance price can travel in this triangle sideways. rice usually needs to be at least half way through the triangle before the break out. Chart shows lots of possibilities. My expectation is a break long so if price comes to the bottom of the trend...