Price broken 200ema which indicate that price is in downtrend, if anything change that could happen if it doesn't keep falling in forthcoming week, is consolidation! but i will be looking for short position.
facebook down; what next closed red; breakout of channel and bad news; this indicate that tommorow we might see some opportunity shorting FB. what your opinions?
As you can see crude has been trading in range for quite sometimes; now its about to breakout that highs; for breakout trade its time for those who trade pullback wait.
price has been moving in uptrend; during asian session we had consolidation and we know that nzdjpy is among the pair which are volatile during asia session. so we are waiting for breakout of previous day highs for some long position.
by the i need some follow PLEASE!!!
here some taught on this pair, currently price has broken lows of asian range; however, the breakout was so much successfull except for scalper; for day trader waiting for price to break highs of asian range for some long opportunity however we have to patient somehow setup might happen tomorrow.
Price has been moving in range for few hours so waiting for breakout and pullback to short, not that today is friday, there might not much momentum in afternoon so day trade be carefull; however for swing this would be good opportunity.
what do you think?
It can assist you in determining your stop loss and profit objective based on how much the trading pair has changed during the Asian trading session. This can assist you in determining whether or not major moves have occurred.
today's idea about back testing.
developing trading strategy based on asian range; because strategy we want to develop is about trading before london open like 5:00 GMT and new york session up to 17:00 GMT; so i am consider other time as asian because i am considering after this time i would be sleeping.
idea is developing strategy based on asian range
1. if...
i have been back testing for some time still struggle with defining process to carried out. here are things that i have learnt few months.
1. understanding momentum in each pair, this may help define your risk and exit
2. see how moomentum occur in different trading session; ASIA, LONDON, NEWYORK SESSION.
any ideas on following things i am struggling with and...
price breakout resistance zone, so we are waiting for pull back at that previous resistance in order to go long on this trade.
i want to know what you guys think about this pair(EURUSD).
PLEASE COMMENT.
Trading strategy must include three main component which is
1. entry strategy
2. adding position in wining position
3. exit strategy
4. risk adjustment
OBJECTIVE OF BAC KTESTING STRATEGY IS TO LEARN THE FOLLOWING
1. PREPARATION: always prepare night before but during back testing session that means prepare what you are doing during that session write down what you...
