thriving for singularity
One of the plays I have been working on right now is a FLIP breakout trade (FLIP). The trade goes like this. Lets say you wanna go long. The resistance level you wanna go long from is getting weaker and weaker, price is testing this level and every time it tests the level, it retraces …
Market can do many different things. If this one works out, I am going to get long on the second touch of the support and aim for market highs.
STATS: Trades: 2 Return: +6R (+3 -1 + 4) Pays: RANGE FADE, RAR Pairs traded: EURUSD,USDJPY Comment EURUSD: great range fade play with macro resistance highlighted yesterday in my post. Best entry hint was a killing engulfing candle (second circle). Comment USDJPY: after a great run USDJPY slowed down in an upper range of its …
STATS: Trades: 1 Return: +3R (3) Pays: RANGE AFTER RUN aka RAR Pairs traded: GBPUSD Comment: Lovely play. This is a classic scenario when market spikes strongly and keeps its retracement max.at its upper range (let’s say above 23.6fib). If it starts to form a range in this context it is good to look for …