AMC - Buy 49 > 56, SL 42 1:1 Risk Reward as usual. Entry White Green TP Red SL Not a trade I will personally make. When buying stocks, even with my intended stoploss, my true stop loss is always 0. 49 > 56 is 15%, not worth it IMO. It gets worse if I use the Daily timeframe which doesn't include the 42 post-market low. Good study nonetheless.
Fooling around but the trades are real. Looking for the following 2 trades Short 1890 and 1900. Stop loss at 1910.
Storytelling later. Entry at white line. Red and green self explanatory.
Refrain from trading this if you have pending Gold positions.
Imagining stuff is fun. Scenario 3 which I didn't draw: A false breakdown followed by a pump up. Maybe off 7.40?
Price at my predicted bounce point just as I am typing this. Painful to watch. All the influencers baiting people to stay in the trades, and selling a dream. They could easily leave their trades "open" while they do a opposite trade on another account to hedge/"close" their positions. Probably did so at 70$. People. Learn to trade. Learn to read charts for...
Careful, this is a weekend trade. Weekend gaps are annoying to deal with. Do not touch if you are not versed in risk management. This is also a stupid trade. I just nibble and gamble a small meal on this. I am aware that on higher timeframe, a breakout looks really imminent, but I am NOT a breakout trader. I gamble for breakouts to fail. Entry, SL, TP marked...
Buy points are the price levels indicated. Be nimble, be fearful, respect the market. If you follow my calls. You will have a LOT of pain. A lot of missed trades. A lot of could haves. But, add them to what you already know, and you will be a better trader. Check out my 3rd June's calls, where all 4 swings are called out. It is PURELY luck. But the "accuracy"...
Just refer to my previous trade idea. Apologies for my English and slurring. Do not be greedy at current prices. If you want to gamble, do a small size. If you don't want to, wait for 34 and 24. By then, there WILL be alot of FUD. Be brave enough to enter when the doom and gloom comes, be fearful enough to get out with a small profit.
Be prepared to buy some USD. Possible catalyst would be Nonfarm Payrolls tonight. Need further research about Fed selling of corp bonds on USD direction.
Why would anyone want to bet on a 50/50 trade? Note the beautiful triangle. Price is waiting to burst out. Why risk being massively wrong? Let the gamblers make their move, we lie in wait.
Patience. You either learn it the good way, or the bad way (losing money). Do not breed bad habits within yourself. Don't chase highs. ALSO, when price comes to you, do not be fearful. Be willing to stand in the way. And if you are proven wrong, don't be afraid to give up. Trade small so you will be willing to!
This is inspired by a news piece on rat infestation problem in Australia destroying crops amongst other things. Fundamentally, there is fear of inflation and USD weakness. I am aware that this is US Wheat price but I assume that global wheat problem would affect prices somewhat.
Size accordingly. Do not try this if you have no clue about risk management or position sizing. Enter when price drops below 1.0596. (white line) Give up when price drops below 1.0539 (red line) Less aggressive entries are 1.05744 and 1.05672. (purple lines)
STI might be going for a little, or a bigger dip. Consider securing some profits in current SG stocks. I would stay in sidelines for SG stocks until STI approaches 2960.
Price has bounced off recent zone at 35 - 27k, twice. Price might go hunting for lows at red zone. We might be at a low already, but BE PREPARED to buy if price decides to crash lower. Stay nimble.