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Moneymanagement

US30 30/09/2019Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot. If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SM must BUY LOWER and SELL HIGHER :) We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM. CHARTS AGENDA: SM - SMART MONEY PA - PRICE ACTION BITCOIN SIGN - MONEY POCKET ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS BLUE LINES - ENTRIES WITH SM MARKED LINES - POTENCIAL ENTRY POINT BOX - GAP's GOD BLESS U ALL!
OANDA:US30USD
by Snipers-Academy
USOIL, Short term long position opportunitiesThe oil has reached its 50% fibonacci retracement level, and making a flag pattern. The entry trigger also presents itself, which is the engulfing candlestick pattern forming around the 50% fibonacci retracements (which i considered as an area of value). The other trigger is with the stochastics oscillator, it turns out that there is a divergence between the price and the oscillator, which indicates a momentarily possibility of a reversals. To summarize why take a long position; Pros: 1. The price reach a 50% Fibonacci retracements level while making a flag pattern (considered as an area of value) 2. There are divergence between the stochastics oscillator and the price leve (entry trigger) 3. The candlesticks forming a bullish engulfing pattern (entry trigger) Cons: 1. 50% Fibonacci retracements area sometimes is not reliable 2. The higher time frame trends still not showing a clear trend Considering the pros and cons, i made a decisions to go for a long position with small lot to compensate for the cons.
FX:USOILLong
by HeriPardi