Relative High volume >3 and a breakout appears to be imminent. Strategy test trade, two positions. 1. Target at 1 ATR from previous close, 2. Trailing target position moving target for every 2 ATR move higher from the original open price. Stop - Close all positions on 1.5 ATR
High Relative Volume for past few days. expecting a run up. As previous breakout gap has been filled and potentially poised to halt for couple of days and then a run up is expected. One negative point - last trading day stock was down with the relative volume of over 5 2 positions 1. 1 ATR target 2. trailing stop for every 2 ATR move. Stop - Close all if...
Trade log - Short Open - 356.48 Stop - 388.22 Invalid setup close - Price close above 381.11 Trail trigger - 335.32 Price to close above this level
By the new year we can expect FTSE 100 to be back to its 2018 high but that will not come without the retracement in the next few days as a sign of profit taking.
A contrarian approach, Page group has strong fundamentals but my analysis shows that extension is likely to retrace either at 23.6% or at 38.2% Fib levels (where 38.2% also falls within the previous structure support) Trading Plan: 1. Enter trade at open. 2. Stop loss above the resistance zone with 1xATR 3. 1st Target at 23.6% levels 4. 2nd Target at 38.2%...
Price extended sharply to a new high for the year on the basis of the take over bid reported on October 21st, I am expecting a further upside to the price until the announcement which is expected on the November 18th There is a retracement in the price at 23.6% FIB levels Trading Plan 1. Enter the stock at current price levels with stop loss set below 38.2% 2....
Halfords is on an all time low after breaking the 2012 low and now there is no continuous support in the downward trend. The market before continuing the trend or to reverse there is a likelihood of forming a base through consolidation, where we can expect market to hit short term support and resistance levels over and over again. Technicals - Price just...
Looks like I am very bearish on every stock!! anyways Going with the trend on this trade which is down! it is a straightforward setup, no complex pattern or anything. Price action hit the previous structure + Fib 38.2% zone with confirmation I did not see this trade early enough i am a day late on this trade but the green candle yesterday is showing me, market...
Multiple setups on this trade 1. Price action pin bar confirmation shows short term continuation of the downward trend, previous structure lower low has come in contact which is also 38.2% fib level. 2. longer term Head shoulder pattern is emerging which is also pointing downwards. Trading plan 1. Trade at open 2. With stop loss to be set at 50% fib levels 3....
Entry at the long term support level at 910 and target a 80% of the previous range (High to Low) with a stop loss at previous previous support levels. Time bound trade, if the target is hit trade to remain closed, if the trade is open stop loss to be moved to lock-in profits by the earnings release date. If the volume exceeds the monthly volume average on...
MONY Fundamental - mediocre trading statement caused the significant drop in share price. Technical - Price has broken the support level and is in a deserted island with no support. expecting a retracement back to the previous support line prior to continuing the trend.
I am currently not in this position but this is more of a test to identify market behaviour. If Gold price to break out below the support level of the triangle there is a potential for it to have a shorter term pull back from its highs.
Markets are volatile and with the yield curve inversion, uncertainty is heightened in the short-term we can see a lot of down and up swings making it a great opportunity to trade short-term on indices. I chose CAC as it is less volatile compared to FTSE 100. This is my first post.. lets see how it goes!