greatful-me

greatful-me

I have been asked to show a trade opportunity am about to take & share it with you. All of the trades i have posted previously were trades that i have executed in the past, so this is something new. So, what are the possible outcomes we can expect the price may never come to our DZ entry the price may come into our DZ, we take the trade & the STP is triggered The...

greatful-me

When i want to take a trade, I look for ODD ENHANCERS, the more odd Enhancers I have the more likely the market will turn in my favour. One of the most important Odd Enhancers is proper Risk to Reward ratio. Rs/Rw means how much am willing to risk if the trade goes against me, divided by how much Reward is trade gives if it is profitable. A properly weighted Rs/Rw...

greatful-me

Here is V (VISA) chart the price is coming into a strong DZ(Demand zone) untested sweet DZ, and its from the long-term (M) chart, so even better. the weekly chart (W) where i took the trade was correcting (hoping) into this DZ. if the DZ holds the price action was indeed a correction & the long-term uptrend on the (M) will continue. if the DZ fails to hold, well...

greatful-me

Lets say you have a trade opened & its profitable. all going to plan. then you get greedy. over boastful of your legendary trading skills. you ignore the original trade plan, you devise a better plan to accumulate more profit. you dont respect your previous profit Targets, & you keep the trade running, eventually you becoming forgetful of the market nature &...

greatful-me

WHY I TOOK THE TRADE - heavy supply into a DZ from the (M) - the long-term chart (W) in downtrend ODD ENHANCERS - news of new Corona strain puts negative pressure on stock's sector CONFIRMATION -price broke & CLS below DZ. invalidating the demand zone (DZ) WHY I COVR PSTN - my STP loss was triggered. WHAT I LEARNED - my ENTR to SHRT was too late. i chased the...

greatful-me

WHY I TOOK THE TRADE - Long term chart in uptrend & price is testing into a new DZ - The DZ(demand zone) on the (D) chart is the last Higher Low of the (W) uptrend - technically: the (W) chart & (M) were in uptrend - Price failed to CLS below the DZ, I enter LNG on the retest CONFIRMATION - Double bottom confirmed after price broke out & rallied WHY I CLOSE THE...

greatful-me

Basic Price coming into DZ. Good odds . Price fluctuated in DZ & close below it. STP triggered. Loss carried LONG on QSR - Took Loss LOSS Taken 0.88 Why I took the trade? The long-term (M) in uptrend The trade chart(W) is in correction. The price coming into the DZ (D) unbalanced selling. Outside BB bands Low Risk as ENT was near the bottom of DZ TOOK my Loss - am...

greatful-me

FOLLOW THE TREND AS IT CHANGES Long-term chart (W) Trading chart (D) First trade (undocumented) - The (W) was in uptrend. looked to (D) chart to take a LNG on price entering the DZ (demand zone) it was untested DZ from the longer term (W) chart. price entered the DZ & broke through it even closed below it. my STP was triggered & I took my loss Second trade...

greatful-me

Trade on S&P ETF for US Crude Opened the LNG in OCT as price was testing the HLof the Longterm (M) Uptrend. My STP-Loss was below the red line around 70 Price rallied for 11 weeks till it reached Resistance (top red line) I closed 1/2 the LNG to take in Profit & control Greed. Today as price broke the 102 Mark. I closed the other 1/2 of LNG

greatful-me

Trading is simple but not easy. Really anyone can do it. Here are my rules - Use a 3 chart correlation to trade the bigger picture & filter out market fluctuation.This will help to control your emotions & control trigger fingers. - scan the market for low risk (Rs) and high reward (Rw) trades. a ratio of 1 to 3 is minimum. Find places where Support &...

greatful-me

Positioned LNG = long entered in beginning of the year using (W)=weekly chart to identify trend. using (D) to identify enter position. Stock in bigger time frame (M) =Monthly is in uptrend. let profit run.closed 1/2 PSTN while price is coming into SZ =Supply Zone from (M), price went & broke the (W) uptrend & I closed 1/2 position by stop triggered