The Macd is over bought which should bring down price to the bottom of the channel. If price bounces back into the channel there is a descending blue trend line. Enter if price breaks through that trend line. There is a 2nd resistance level which has a 2nd entry buy limit order. If price breaks through that res line there is an upper resistance trend line used for...
I am waiting for this 4H chart to setup a Big 3 Short trade. A new lower low has been painted on chart. My rule #1 has been met, waiting for a pull back long. Then I need to see a continuation candle pattern short to enter. The 4H is too long to wait for that so I need to go to a smaller time frame to find that pattern. The 15 or 30 m chart will do that. I am...
Before the US Session begins I draw support resistance lines around current price. I enter as price crosses a line and exit at the next line. I am looking for 3 to 10 pips. I will stop trading after 6 - 10 trades. Big results are accomplished by small and simple steps. I will trade these lines for 2 - 4 hours during the US Session. We have many different...
This Bill Williams Awesome Oscillator strategy activated an entry and hit TP of 30 pips.
I am waiting for the Awesome Oscillator to cross below 0 line on my 1 H chart. As soon as the 1st red bar post I will enter. I will exit when two consecutive green bars display on the AO. This has the potential for a big move. On my MT4 I have additional entries at these levels - 1.05449, 1.0527, 1.0507. These entries were based on past Sup/Res levels. My exit for...
While I setup a Big 3 short trade and exited with 20 pips a bearish flag developed. I took off 1/2 of my position with the Big 3 trade and entered a 2nd position on the flag short trade. Will exit both trades when TP .8935 is hit. I used the length of the pole of the flag (28 pips) to find the 2nd TP level.
I am waiting for this EURJPY 15 m Asian session Big 3 short to setup. I am in step 4 continuation candle stage and I am waiting for a stronger bearish candle pattern to develop in order to make my entry short.
Downward flag developed on 30 m USDJPY. Pole of flag is 68 pips so our 2nd TP is 68 pips @ 113.13. Our first TP is @ 113.52. Watch 5 m or 15 m for price movement as you approach TP's.
Channel trend lines drawn. 30 m chart broke trend line. Profit is set at a 4 H resistance level. SL set at previous swing low.
I will trade the Asian Session on either the 5m or 15m charts from 6 pm to 9 pm EDT. AUD and NZD pairs open at 6 pm and JPY pairs open at 8 pm. Trade can move between 9 & 9:30 pm. TP can be 10 to 20 pips. Best Asian pairs are A/U, A/J, A/Ca, A/N, E/J, E/A, E/N, G/J, G/A, N/U, N/J. Trade Asian Session Sun. to Thur nights.
I will be watching for this strategy setup now on the 30m and 1H charts from noon EDT to 6pm EDT. Easy to find and to watch as it sets up for it's entry.
Here we think this is going to break this trend line.
If this resistance line is broken we like long here on the H1 EURUSD chart.
Here we see a channel breakout that occured. We would like to see this Retrace before entering in long on this trade. This upward bullish trend is unsustainable so we are bound to see a retracement very soon... before it continues to the upside. Our Rabbit Trail Breakout strategy calls for a small retracement before entering in a breakout trade so we will stick...
You can see here that the EURCAD pair has an unsustainable bearish trend. If you start to see divergence with price action and the RSI indicator then consider a buy trade. This is an RSI 80-20 strategy that we have developed and this looks to be in phase #1 of this trading strategy. Let us know if you have any questions.
Divergence occurred with the RSI indicator and Price action on 6-7-2017 This trade is still validated despite the news that occurred today. We are waiting for a strong move now to the upside. See other related ideas for the exact rules of this trading strategy. Thanks!
The price action broke the channel here. Our strategy has rules in place where we need to see valid pull back in price action before taking a short trade on the break of this channel. We see here that it is consolidating which is a good sign that its going to break to the down side. Keep an eye out on this pair as it will most likely be a quick move.
Trend has broken here. Great place to enter long.