Fridays move in Class 3 Milk Futures confirm a dowside breakout and potential new downtrend. SMS Strategy enters short at 17.14 with a stop at 17.48. Risk $680.
Took this long trade right before the daily close. Most of my analysis is on the chart itself. Making higher lows and we just made a higher high - indicators showing good momentum as well. SL is 1.5X the ATR TP1 is 1X the ATR TP2 high up there and I will manage this as it plays out.
Hello Traders Time for tactical trading Tuesday!! Today i wont be publishing projections as this is a daily setup and prices could deviate a lot. But the overall idea is to position for a short trade mainly at the resistance levels of the upper line of the channel. I will be updating with entry levels. No fundamentals in sight supporting euro in the near...
I reported earlier in the month that A2 Milk was showing a good formation of a head and shoulders pattern. This week we had a confirmed breakout of the neckline, here is my complete analysis. Price has fallen and closed below 30EMA (weekly). Price has fallen and closed below 200EMA (daily). CCI indicator(daily) is reading 222, which is a sign of strength...
Hello Traders Back with another tactical trade plan Today we take a closer look at USDJPY that has just broke out from an uptrend momentum. The overall trend is still bearish even though previous upside impulses had some impact but didn't change the overall sentiment. Here my entry point is based on the retracement on the break out point. If there is further...
Hello Traders Another Tactical Trading Tuesday at your disposal. Here we can see EU consolidating before the next big push. Any deviation from my initial projections will result in the trade being cancelled. Trade safe Trade well.
I'm still solidly bullish after milking this trade all day with astonishing leverage Since the run has started to show some slowing I've halved my leverage and widened my stop to cater for possible retrace and continuation. Has anyone else had a mad time trading this?
Hey tradomaniacs, welcome to another free signal! ----------------------------- Type: Swingtrade Sell: 111.316 Stop-Loss: 111.533 Target 1: 110.754 Target 2: 110.693 Point of Risk-Reduction: 111.063 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t...
Hello Traders Its that time of the week again. With another purely technical based setup on USD/JPY My approach is a trend following one. Here going with the direction of the initial impulse and looking to position long in the upcoming days. Please note that any deviation from this setup will result in the trade being cancelled/invalidated. Trade safe, Trade well
as you can see i've marked the point where the resistence rejected the price , about that the price is getting to the 61.8 level of fibo that is on the same level of the resistence , so let's follow the trend opening this sell position , if the price break the resistence we will sell again on the major trendline area ( the higher one ) let me know what you think...
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Market consolidating above the 200 mva and has reached a condition of being oversold.If we see a break above the 83.00, a long position may be an option :) B – Beliefs Market move towards the first Target 1 level @ 83.900 ...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 Days Actions on - A – Activating Event Currency Pair breaking through resistance line and heading to next strong resistance line B – Beliefs Market move towards the first Target 1 level @ 1.85 FX:GBPAUD Trade Management Entered @ Sign up for details Stop Loss @ Sign up for...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-4 days Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will find support at current levels at @ 1.7444 level and move towards the first Target 1 level @ 0.7100 FX:GBPCAD Trade Management Entered @ Sign up for details Stop Loss @...
Hello Traders. I present to you another tactical trading Tuesday. This time we are looking into two long positions both into a trend continuation bias. The order levels are plotted on two consecutive trades based around the 4h trend line as well as the S/R levels around said trend line. Any deviation from these projections will deem these entry levels invalidated...
Hello Traders Yet another tactical setup on my favorite pair. This setup is what I consider the classic case of resistance turning into support. The trendline was broken now looking to re-position my trades in a new upward momentum. If that doesn't happen further capitulation could ensue and possible test of 1.12 level. Trade safe, trade well.
Looking for the further breakout on NASDAQ:MSFT 105.22 to further downtrend all the way down to 84.81 levels back to last year's Nov prices after huge sell-out yesterday.
Hello Traders Here my new projections on the all time favorite pair. I don't think you really need anything more than a single trend line to determine entries/exits. Trying to take advantage on an intermediate downtrend formation. As my trend line suggests I am looking to go with this move and short the euro but the point in price will depend largely on the point...
One more tactical trading Tuesday for your consideration: We are back once again to that 1.15333 level after a major capitulation for euro. Looking to go long again at this very crucial support zone as the buyers are jumping back in. There are wicks going as low as 1.1505 but this is only corrective movement not to be confused with the overall uptrend. Once...