H1=SX PB Start & H1 Buy stop above Friday's high (2016-06-03) Stoploss @ H1 low Buy Closes of bears below and in PBs. No Short term Target on( I have a Measured Move projection Target=Long term target in the neighbourhood of 0.88) Use Trailing stop to bank gains.
In my much improved price charts reading, which I dubbed NEO-PA, ;) I would do less talking and less publications of different charts. I intend to do more updates to same charts, and also do live calls in @nmike's chatroom- tradingview.com/chat/
It is important for me to underscore here that, I do not inculcate News/Fundamental reasonings into my technical analysis, as I am not good at that exercise. I also do not use any other indicator, apart from 20EMA(which I can do w/o, anyway ;) ) My analysis and calls are purely based on price action bar by bar analysis, based off the outcome of my obsession and immersion into charts over 8years of trading.
I definitely cannot exhaust the list of people I have picked one or two great ideas from. Thanks to everyone that taught me a thing or two
Im currently doing trading, full time for a living. And would like you to share in my private funds managment. If you have capital of not less than $50 000USD. You can send me a mail to moorekapital@gmail.com or PM me for a discussion today!
Updating.......
Komen
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News events are the fuel(oil) to our slow grinding machines. Lest I dont care bout ém. RBA in roughly an hour time. It might distor the otherwise orderly PA here.
Otherwise, I still see buy. Depending......... If negative news, we might get a better price, and a much improved R:R for this trade.
I'm buying on stop above MA . Very tight and SWEET definition for risk here ^_^
Komen
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Buy stop order helped to avoid unnecessary losses. Pricee is actually within buy zone, and needs to lift off, but I love to have market take me in on such setups. I tend to do much and bar b y bar updates to my charts in NAKED TRADING ROOM => tradingview.com/chat/