This is a trade with two entry areas. According to your risk tolerance, you can enter at the lower area which will in turn increase your chance of getting filled on this trade. On the other hand, the upper entry area reduces the overall risk of the trade but at the same time reduces the likely hood of getting filled. With the high probability nature of this...
I came across this setup on the 6hour chart. Price is already showing strength to the upside. All you have to wait for is a pullback to the entry area. The profit target is somewhat conservative but I like to get my profits and run. I believe this is a trade that if you can have at least two target. The second target can be a mechanical stop to squeeze as much...
This is a quick trade. I anticipate it should hit soon. Profit target not far away, but since I feel it's a high probability setup, I suggest jumping in anyway. I'm a set and forget trader, but in this market, I'll do a confirmation entry. The only downside to confirmation is that you may miss out on the opportunity. My personal strategy, if price trades from the...
I really like the looks of this setup. This is exactly the type of entry I like to see. A strong move into my entry with very little basing. The cleaner the move into entry, the easier time price will have of leaving the area. The only downside to this setup is that price tested the level already. I prefer fresh areas, however, since the test does not exceed 25%...
This setup really caught my eye. I really like the move away from the area. One of the key attributes of an area that I look for is the move away. The move away is extremely strong as well as clean indicating that there is lots of imbalance. One thing to keep in mind is that price my very well trade from the .97091 area where the wicks are protruding my entry...
In my humble opinion there is not much I dislike about this trade. There is a strong move in, a strong move out which signifies a serious imbalance in price. As with my other trade ideas, the black lines are my entry zone, the red line is the stop, and the green line is the profit target. Keep an eye on the arrival. I don't like seeing too much basing as price...
This is a nice setup that caught my eye. The black lines are my entry area, the red line is my stop, and the green line is my intended target. The two negatives about this setup is that normally I would only take setups that offer me 3:1 risk to reward, but if I feel the setup is high probability, I will from time to time take less than 3:1. This setup offers...
My area of entry is wrapped within the black lines. Stop is the red line and my target is the green line. I'm looking for a retracement to my entry area. I'm anticipating that price will most likely retrace from the .7196 area or quite possibly the .7185 area where I expect price to base some but I doubt that will prevent price from reach the target. I waited to...
