Stop Loss and Take Profit might change depending on when/if criteria is met. This is a trade OPPORTUNITY - I have not entered yet. Risk reward will be 1/1 or higher. 1. Up trending on weekly - fanned out moving averages 2. Cup and handle pattern on Daily chart - waiting to break that level before continuing up to weekly resistance level 3. We have had a BCR of the 21EMA on the 4H to form the handle 4. MACD bullish cross on ALL 4 time frames. 5. Weis Wave onside on ALL time frames. Waiting for: 1. The hourly chart to break above the resistance level, and then to come back and retest (12.16000 ish) 2. Shaded histogram on squeeze indicator on the 1H and 4H chart after the retest. #DontFollowBlindly
Eur/Aud following trend
After a re-test of the upper boundary of the downwards channel / 4Hr 50 EMA, Eur-Aud gave us a sniper setup entry a couple of hours ago. Taking advantage of the current 4Hr 8 EMA gap, I'm setting up a sell limit order at 1.56693, where I expect the pair to follow the trend downwards. We do have an obstacle (S&D zone) in the way, so risk accordingly. SL above 4Hr anchor and 50 EMA retest. TP is on the next level of support for a 1-to-1.2 risk-reward. * This is for educational purposes, all comments are welcome. Please take this only if it fits your strategy and rules, don't follow blindly.
BCR of Supply and Demand Zone
GOOD TO GO BCR OF S & D ZONE, WITH ALL GREENS IN SYNC - (HA CANDLE : HA SMOOTH CANDLE: : 200 EMA : MACD BB) PAIR : NOKSEK LONG ENTRY : 0.98214 STOP : 0.97200 TP : 0.99340 * EXIT =TP HIT, OR STAY IN TRADE UNTIL GREEN HA PRICE CANDLES TURN RED, AND THEN CROSS BACK OVER THE UPWARD TRENDING GREEN HA SMOOTH CANDLES, AND ALSO THE GREEN HA SMOOTH CANDLES TURN RED. THIS PUTS ALL THE PREVIOUS LONG AND SYNCED GREENS OUT OF SYNC, SO EXIT.
BCR of Supply and Demand Zone
GOOD TO GO BCR OF S & D ZONE, WITH ALL GREENS IN SYNC - (HA CANDLE : HA SMOOTH CANDLE: : 200 EMA : MACD BB) PAIR : NOKSEK LONG ENTRY : 0.98214 STOP : 0.97200 TP : 0.99340 * EXIT =TP HIT, OR STAY IN TRADE UNTIL GREEN HA PRICE CANDLES TURN RED, AND THEN CROSS BACK OVER THE UPWARD TRENDING GREEN HA SMOOTH CANDLES, AND ALSO THE GREEN HA SMOOTH CANDLES TURN RED. THIS PUTS ALL THE PREVIOUS LONG AND SYNCED GREENS OUT OF SYNC, BECAUSE THE 200 EMA WOULD STILL BE GREEN AND WE WOULD HAVE REDS AGAINST THE GREEN 200 - (ONLY HAVE LONG TRADES ABOVE 200 EMA), SO EXIT.
Eur/Aud following trend
BCR of Supply and Demand Zone
BCR of Supply and Demand Zone
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Andrew Lockwood
X30+ years experienceStarted in the trading pits of London with some of the biggest traders in the world. Migrated to screen trading around 2005 now trades full time focusing on FX, Indices, commodities.
Max Norbury
X10+ years experienceMax is a diligent and pro-active individual with a wealth of experience in technical and fundamental analysis, high-probability trading and mentoring within the financial markets. He has also has a variety of non-accredited analytical certifications.
Mark Bennell
X15+ years experienceCertified Financial Technician (CFTe), Diploma of Technical Analysis, Diploma of Share Trading and Investment. 14+ yrs trading experience. Focus on the process and the money will follow.
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