We are short on the DJ30 we expect a bearish push to the down side and any spikes above, as long as the pattern for selling remains active, we will short.
We believe there is a good chance of indices continuing to go down today and this week perhaps.
All the reasons we are short are listed in the chart.
Check out the previous two/three trades.
Sell banked 8.02%
Buy banked 7.56%
Sell closed around even / very small loss
Links at the bottom !
OUR STRATEGY EXPLAINED:
We are releasing this separate script file for trading Gold on the M15 time frame using our strategy. This can now run independently from the main file instead of changing parameters and...
US30 - Buy is valid
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can...
We don't like standing still, so now I am keen to launch our strategy for stocks and indices.
Same ideas as our FX one and we have optimised settings for the below pairs.
There aren't meant to be shortcuts in this game, so we created them instead.
Please see the link to strategy script in related ideas too.
Thank you
Darren
Still time to review and consider this one - not far from entry price.
This entry is based on our specific parameters for US30 as you can see in the bottom graph - almost a 1000% gain since 2018 with a fixed 1 contract size, no compounding!
We are aiming for TP3 or closure for a reverse trade for target, but manage as you wish should you enter for those...
US30 sell is valid on our strategy - 800 pips on the way up and the Buy is now closed due to the opposite signal being displayed.
Lets see how it plays out for us now.
Regards
Darren
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
There are infinite ways to manage your trades to suit your mindset and time.
Works...
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
There are infinite ways to manage your trades to suit your mindset and time.
Works...
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
There are infinite ways to manage your trades to suit your mindset and time.
Works...
Clear H&S pattern has formed. Bad news coming from the US at the moment in regards to the pandemic with highest number of deaths in 24hrs. Anticipate a sell on break/retest of the neckline. Drop back to support around 21,000???
Im expecting the US30 / DJ30 / Dow Jones to head higher today and maybe even this week.
I believe a strong reversal could be due based on what the charts are showing me right now.
Trump is due to speak today and that could create aggressive market movement but also the massive cash injections by the FED could help support the upside movement!
Price has reached TL resistance and I expect bears to come in and drive price back down.
1D: As you can see as price continues to make a new high, the indicator shows price making a flat; this may suggest bearish divergence.
OANDA:US30USD
Trade Idea
DOW30 - Intraday - We look to Sell a break of 27325 (stop at 27425)
Price action resulted in a new all-time high at 27403. Momentum is stalling with the posting of new highs and indicates bearish divergence. Prices have reacted from 27400. The overnight rally has been sold into and there is scope for further bearish pressure going...
