Pep_prtrading

Pep_prtrading

Price has reached a clear level of resistance (supply). A good Risk to Reward (1.2) if taken on the daily chart. Wait for more bearish evidence before entering.

Pep_prtrading

descending channel 50,200 average are bearish hoping for a lower low lower close candle today. ride the trend down and move stop accordingly rsi below 50

Pep_prtrading

Hi all, I only take positions on the daily/weekly chart when trading equity as they are not open 24/7 and I find my win rate is higher historically. I have taken this setup. A simple setup Reasons to go short - Rejection candle on the 50MA - support at 889 level - descending trendline - candle on the 06th Jan 2017 broke through previous days candle -...

Pep_prtrading

Hi all, I only take positions on the daily/weekly chart when trading companies as they are not open 24hr and I find my win rate is higher historically ONLY If this weeks candle breaks the previous weeks candle will I take this trade. Reasons for to go short - moving averages are bearish - price has moved below the 200 MA - 50 MA is being respected -...

Pep_prtrading

Hi all, I only take positions on the daily/weekly chart when trading equity as they are not open 24/7 and I find my win rate is higher historically. I have taken this setup. Reasons to go long - 200 MA is being respected - support at 889 level - ascending channel touches support level at the 889 level - candle on the 12/12/2016 broke above previous weeks...

Pep_prtrading Updated 

Hi all, I only take positions on the daily/weekly chart when trading companies as they are not open 24hr and I find my win rate is higher historically Reasons for to go short - moving averages or bearish - old support is now resistance - descending channel - RSI is bearish - candle on the 4th Jan 2016 broke below candle (indecision) on the 3rd Jan 2016 -...