Always use a Strick money management to conserve your money at stake.... Go for break even after the trade fires
Hello Traders, Welcome to another interesting new week. Tomorrow the 21st September 2020, we will have Jerome Powell speaking. So you ask who he is? He is the Chair of the Federal Reserve of the United States of America, which controls short term interest rates, he has more influence over the U.S. dollars value than any other person. Guys, Please pay...
I took a short trade, expecting the market to follow a bearish structure. And it did! It made an uptrend, then it went up for quite a while, but now I am seeing a reversal pattern, and the fact that it hasn't broken the previous high just further confirms this potential downtrend My entry price is just above this current high, which makes it a perfect...
The bearish engulfer never managed to gain its full momentum. Stops were moved to BE, which we hit earlier today... the lower time frames are showing a very clear flag. I am not looking to trade this for 2 reasons... the first of which is: We have lower volumes through the correction of the flag itself, however the hammer down candle right in the middle shows...
Now many people have been calling for a short in Bitcoin recently and wonder if there is any bearish possibility. Well its the weekend and we seen week volume. A 500btc pump than 3k btc dump from this morning to now. Theres two outcomes atm sideways accumulation or more dumps. Accumulation might be likely, but again we could go lower due to miner reward can't...
Hi traders, I am starting this week with breakeven after 3 trades. Funny enough I got the same result managing them as I'd get just setting the SL and PT and walking away. But watching closely the market, I was safer thorough the day with my adjustments (it's easier to judge in retrospect). My Trades: 1) SYF - SHORT @17.74, originally a LONG idea turned to be a...
Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for...
A short signal just triggered on the GBPJPY. Our swing trading system will target a 5-to-1 reward for the risk taken with this trade! These sort of setups don't happen too often but when they do they make all the difference between a profitable and money-rolling-in trading month. We will be taking 50% profits at the first target area as illustrated on the chart...
New Stop Loss 0.002614 on break even What are your positions? Share with us in a comment!
Do you know the feeling when prices come back after a solid entry? You already had a profit and then somehow prices came back to your entry level. You have moved your stop to breakeven already, so the market pushes you out of your position, only to continue strongly in your direction! Traders naturally do not want to end up with a losing trade after the...
Do you sometimes get pushed out of a profitable position? Do you see the market coming back to your breakeven stop, only to then continue going in "your" direction? The market is doing this constantly, so be aware of this. I will show you two areas where this has happened yesterday. Traders often do get no "free lunch", which means a riskless profit. After...
BTC has made another bulltrap, only this time at the bottom of the broader range (see also my last post about the first bulltrap). How to avoid this trap and profit from it? When prices hit the lower trendline of the broad range at 10800 the early longs stepped in and it quickly bounced to the former support 11080. This was the first leg up inside the downtrend...
Two short positions are executed. On of them with lower profit is for making position risk free as soon as possible. the other one is for real profit. i may close the trade manually. I will update as i did before.
I have trade after It cross MA20 , but there are fast fall off, so I decide to close the trade before loss.