A solid week for the pair in question, CADJPY working the 30M time frame.
The last four trades out of five have hit the desired profit target.
This just shows the adaptability of the script in use and also shows that even trading a 1:1 risk reward ratio is possible.
How do I know its possible to trade this way? By the built in strategy...
Hope Sunday and the much needed rest is treating you all well.
I spend parts of my Sunday looking back at the prior trading week. In doing so I've decided to share some ideas on completed trades and the methods I trade our script.
Going forward during the week I'll look to post more live ideas as our script present them on the charts. At...
This video is not about an instant opportunity for jumping in the markets. I'm sharing how I stalk the markets.
New or novice traders - all too eager to make a fast buck - tend to miss the big issues i.e. that it is about patience, vigilance and planning ahead. The methodology shown is relevant to trend following.
How do we find trends? Well, we need to be...
Hmm, I’ve got my contrarian hat on, as week AMZN seem to have closed with a pinball price action at 24-Jul.
This could be a short-term profit taking for some bulls.
However the Long term trend is Upward with Higher-High and Higher-Low’s.
Resistance zone: $1030 - 1090
Support 1: $962
Support 2: $835-840
The price movement is strong bull does not seem to stop
But in the past the price was creates the demand zone so many points and I found the last demand zone.
Interestingly that there is a divergence between the price and movement indicator. Risk Reward Ratio =6.xx
GbpAud forms a symmetrical pattern, the chart's decline forms a symmetrical pattern with the previous decline (blue trendline) with a fall in the 100% expansion fibo area. Possibly the price will go up just like the previous rise (red trendline) at 100% expansion fibo at 1.80284 price or reach the gap area