Hi everyone. I buy UJ due to the hammer reversal candle in daily chart ( or HH candle In 1H chart) And TP around S/D area ( white line) However, it is counter trend, please trailing stop carefully.
Now, EU is going up The risk is ; 1. failed break 2. From the past data, it is hard to find the target. I will trailing stop with the dow theory, with Higher high and Low is my trailing stop. The other stop is ; if it fall around 20%, i will sell all. From the price pattern, it is the flag and target around 1.33xx But i think it is too far and not cluster...
I Buy with the pattern setup and Break SMA 20 Higher high candle stick. Stop loss Low
I sell (after i closed buy for fibo target around 50%) Now it complete my elliott wave cycle (5- impulse wave) It will be down for ABC and go up to "B" of the higher timeframe However, I rely on the candle stick because it is the reversal candle ( tweezer, not sure the name) Target around 50% first longer target break low for channelling down.
I buy with the big white around neckline. Now it is first target. (100=100) Next target around 50% of high (around 1.23500) Please see in chart.
Hello: I sell EA, with the sideway breakout, ELW : Wave A or C to The head of Wave 1 MA 20 break down. Lower low setup Target at Fibo 50% LV (clustering with the S/D area)
I stop of this trade for 2 times, I see bullish canndle but it retrace near the lows. In the trade #3 it break outs, I think it will go up to the next resistant line. But for fibo retracement, it will TP at 50%, 61.8% for save risk.
I have a trade with the candle break down SMA 20 (At first i buy in 1H, for sma 20 cross up but next candle is bear candle) It is double top, i think it will target for 1.20 But my first TP is 161.8% retracement first, Sell off 50% of my order.
I sell after see it LL and break out However, one candle make me sad. Feel bad of this trade, and not get buy of this trade.
I buy after it Higher low and break out. Set up. 1. Dow theory 2. SMA20 break out TP 1. around resistant area 2. Fibo retracement 61.8% of down leg.
I buy after cut SMA20 yesterday, and now then it break out I missed the break out, so i waited it retrace again The pattern is flag, Aware of news, ECB meeting.
I buy with H4 reversal candle. Now with the downtrend in bigger timeframe, i will TP, not run trend.
Today is my trade set up , trend following See in picture about my plan. TF 1H, 4H
I buy with reversal candle It follow trend in bigger timeframe TP around high. (but i bet for divide order to runtrend 20-30%) SL at low
As the trade #2, i go out of trade earlier (but hit the TP last night). Now it is not reversal, and go down again, so i sell following with trend RR = 2 in the picture.
I entry with the plan, double top and think it is wave C + LL analysis However, it hit my trailing stop of 10%. Feel bad about i cannot let it run. Will try to fix next trade.
How to trade? - HH candle stick, - Break SMA20 above.
From the news annouce, it make EU drop lowers. It meet the previous high of 1.20790 and now retrace a little bit. I will wait for buy signal as the trend is still buy. However, watch for the highest and if not pass, it will drop low.