Get started

60

Trade 7: Long EURNZD Reasoning Bullish breakout above falling wedge Breakout in the direction of the main daily trend Bullish engulfing candle on the daily chart Stochastic near oversold on the daily Trade Levels Entry: Buy at 1.5850 - Target 1: 1.5993 - Target 2: 1.6150 SL: 1.5778- Avg. RR = 3 This Trade will have Risk of capital of 1.5% Stats before this trade Number of trades: 6 Winning Trades : 2 Losing Trades: 3 Breakeven= 1 Net return: +1.6 Remember -Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%. -A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year. Best Technician
Long
by Technician
37
Trade 6: Short term simple Long Reasoning Strong short term uptrend Pullback to rising trend line Hammer candle at trend line Earlier breakout above 200-days and 50-days simple moving averages Trade Levels Entry: Buy limit at 0.8680 - Target: 0.8743 - SL: 0.8649 - RR: 2 All my trades will have Risk of capital per trade of 2% Stats before this trade Number of trades: 5 Winning Trades : 1 Losing Trades: 3 Still active: 1 Net return: -2.4% Remember -Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%. -A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year. Best Technician
Long
by Technician
10
Trade 5: Long USDCHF at Potential SupportReasoning: The price at potential support: Long term rising trend line 78.6 Fibonacci retracement for major bullish wave 1.618 Fibonacci extension for latest bullish wave RSI Oversold and showing divergence Long legged doj candle Trade Levels: Entry: Buy limit at 0.9705 - T1: 0.9813 - T2: 0.9950 - SL: 0.9640 - Average RR: 2.71 All my trades will have Risk of capital per trade of 2% Stats before this trade: Number of trades: 4 Winning Trades : 1 Losing Trades: 2 Still active: 1 Net return: -0.4% Remember -Never risk more than 2-3% of your balance on a single trade. And If you are a beginner 1%. -A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year. Best Technician
Long
by Technician
36
S&P / ES - Long, Short, Long...huh?After price broke out of the L-MLH, there is a high chance for test/retest - which in essence is nothing more then a pullback, but just with slanted lines... The white fork is a "Pullback-Fork" to mesure, how far price will go down 80% of time...to the centerline. Up there, we have confluence with the L-MLH (blue) and U-MLH (white) AND the prior resistance where buyers gave up. To me, this looks like a counter-trend short. I don't really expect price to hit the white centerline (as a target), but I can see a broken Sine-Wave center instead. Let's see... P!
CME_MINI:ES1!Short
by Tr8dingN3rd