Why have we been looking for long positions on GJ for the past few weeks and months you ask?
Well, on the daily chart we can clearly see we have resided in an Ascending channel for some time now. However, we have now rallied up to the top of our ascending channel with a third touch.
You can see some key levels marked in on the right hand side. These are key...
RECAP on the last two trades using the strategy:
There are many ways to utilise the strategy, this current chart is using the basic settings based on our 1 hour strategy, however when placed on the 15M time frame it show's it's profitability. These setting parameters can be adjusted to refine for this particular pair and for the time frame, no pair acts the same...
We have broken the bottom of our range (yellow line), I would now look to short the first test of the level (red line) and stop loss above the swing high (green line) and aiming for the next support line.
As of now, 01:30 20/09/2018, I have almost completed a new trading plan and this is the first set up I have come across to fit it so far.
What we are looking at is price at a very key level, also respected for months on the WEEKLY chart. It has been ranging for quite some time and has just tested and retraced slightly the 200 MA on the daily chart. These all...
Bitcoin. Clock-Work 05:53 est
another 01:00 gmt low, another at 06:00gmt. And high at
10:00 - right on the upper parallel where longs who bought at
6am have closed out for 450 points - day's work done.
Now has to climb above the upper paralle and hold there on
retest once broken to turn back to bullish again from here.
Unlikely in very nearterm but it's...
Lovely set up into next week. Cross over of both 4H and 1D MA. Also currently on a daily 3 bounce. The rectangle marks the point where the market tried to push down however the proceeding candle denied the move lower. Will look for a close above the minor horizontal line to break previous resistance. This is what I see, this is my next move. Find what works for...
