I will never recommend any one to sell in an upward trend. I personally would wait for price to come back in bottom trend line and Buy again if it does not break out. Patient is the key of success.
Patterns can be failed very unexpectedly. Patient is the key of success. Open your trad on a strong trend. Later I will explain about how to adjust SL and TP. I will also explain how to get reversal signal and have more confidence on your decision. It's all about Risk to Rewards. Get yourself mentally ready and deal for long term instead of amateurish...
We always keep ourselves into triangle position and open your position only right on the trend as you see. Each jump on trend has a reverse to its own trend till it breaks out. At this point in the end of triangle you should stay on your last buy position and wait for the break out to reach future expected price. Remember you will never start your deal in the...
Hello friends, I was walking now by bike in the morning with my daughter in the park d'eyes water here in Brasilia. While my wife preparing lunch I decided to make this analysis. This will be my next negotiation. Let us be aware that the entry may be soon.
My last Idea's trendline was broken. No big deal because proper stops were in place. Never forget stops. Its better to loose 50 pips than 100 or more! A penny saved is a penny earned. So as the title of this chart says long traders might want to consider closing any long trades. We are entering a very volatile area. Three trend lines all converge at once at a mere...
It is not first time I was stopped after moved StopLoss to BreakEven. Honeslty speaking feeling after loss is not as painfull, as feeling of 'not taken profit" - actually it is 3 times more painful.... How it happened? Just 3 minutes prior USA news I moved my SL to BE (red circle zone). And then... just look :) The good thing is I made great analysis... so the...
With point B we broke the upward trend. Descending triangle formation The red rectangle shows that there's much selling pressure in the market. The Stop-Loss is set a few pips above that level, but relatively high above it, because we saw high volatility lately. There is also a certain probability of a long breakout and the triangle could also be seen as a...
Trade succeeded Following the 2618 strategy we might see a short opportunity in the coming trading week/hours. Prerequisite: return on 0,618 level as entry point. Otherwise our Risk Reward Ratio wouldn't be sufficient enough. First taget ist set right at the previous low structure level, second target further down at a big support level. Insecurities about...
The bulls in the Euro currently have the upper hand, although the advantage is slight as yet. The support trendline is shown at an angle of 16 degrees which is a 1x2 angle line for this chart derived from the slopes that the instrument is currently trading at. I have drawn another arrow trendline defining a stoploss for any long positions or bullish views on the...
What is orderflow? Order flow in any market is the placing of either pending or market orders. Prices may move due to the placement of these orders. What this means is that current value (i.e the spot rate) changes when there is a consumption of liquidity at a particular price level. Why is this important? What is occurring with any price movement is that...
For the first time in a long time, bitcoin seems to be breaking out of its most major bearish trend. With $210 support proving its strength, the bears will probably retreat to at least $260 in the coming weeks, right at the .382 fib retracement zone. That said, price is unpredictable and trend lines sometimes aren't accurate to such a precise degree, so I'm...
React on trigger only. Cut short when close is above 129.06 or keep it if below to enjoy more profit.
Don't lose earned profit but be patient not to lose chance to earn more. Watch and react accordingly. Cool mind is favored
Above the blue dashed line