BNBBIDR - Long Position (16/03/2021)This is based on what I have learned on my failed setup (linked below).
I have lower my target profit.
It's not a good risk reward ratio, but we will see.
Btw, I have wrote my own pinescript to detect pin bar candlestick hehe.
Pin Bar
ETHBIDR - Going Long (15/03/2021)Hi guys, currrently I have lost 10% of my investment in just two days.
I have blindly set buy order limit in support area, it hit my support area and also my stop loss 👀😅
Lessons learned.
I have learn and do the following:
1. Identifying the trend in daily chart
2. Identifying Area of Value via support, resistance or key level.
I have missed the last step: Identifying the trigger to buy.
Recently I came across the following article: Price Action Entry Rules: How to ‘Enter' at the Break
Well you shold google it, I can't attach the link 😅
It have a great advice on how to timing your trade.
I recommend you to read the article.
Now this idea is an example of me practicing the rules.
DJI Futurz Double-Topped in Bear Shark Cypher Sell DJI. Correction imminent. Trade at your own risk, GLTA!!
SQ - opportunity to accumulate!It is likely that this just just a steep correction (not a protracted bear market) hence we need to look beyond the fear for opportunities that do not come so often!
SQ crashed 30% in just a little over 2 weeks. There is a strong support zone at 190-198, little would we expect that it will crash more than 10% today to test this zone before staging a strong rebound.
This support zone is a confluence of horiztonal supports, a trendline support as well as the 62% fib retracement of the AB swing up.
While it is already forming a bullish pin bar today, there is a chance the stock could retest the low near 190 over the next few days. As long as we do not breach 190, I would sit tight..
That said, pls trade carefully! Cut loss if trade did not work out so that we survive with enough cash for the next opportunity
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
TSLA - time to accumulateThe market "crash" has been hurting a lot of people pretty bad, less so for those who had adhere to strict stop losses. However, one must look beyond the "fear" and keep an eye for good buying opportunities in good quality stocks during such times.
Telsa "crashed" into a support zone 500 - 550 today, hitting a low of 539 before recovering to possibly form a bullish pin bar today. This is a zone with a confluence of "supports", namely a trendline support, 61.8% fib retracement and also a "resistence turned support". Adding to these, there is a bullish divergence in the making.
For those who thought they had missed the oportunity to stake Tesla, I would venture to stake some now (ideally not too far above 500-550).
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
BATUSDTPrice looks to be forming a reversal pinbar on the 4HR chart which is also in confluence with previous resistance and R2 Weekly pivot point.
Wait until the end of the 4HR candle stick and a close below the candlestick low for confirmation, or a 50% retracement of the pin bar body for entry
GBPJPY UPDATE - LONG OR SHORT?Here is an update on GBPJPY analysis I made a week ago. On 20th February 2021, I made it known that we need a confirmation to either go long or short.
The present candle is forming a bearish pin bar which signals a sell order. Notwithstanding, we need a another candle to show a good confirmation of what to do.
What do you think?
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SNDL easy money and it grew on a tree..kindaPin bar strategy off the MA starting with a nice bar off the Bollanger band on the 15min chart. When you see these don't hesitate to enter for intraday trade! High probable trade here! Zoom out a bit and the daily doesnt look as good. As always use proper risk management and trade smart!
Please hit that like/follow button!
The truth about the Pin Bar - Problem and Solution Supply DemandIn this educational video I would like to clear up the myth about the Pin Bar and to provide you a solution.
What do you think?
ROKU - still strong and finding supportROKU dipped below a resistence-turned-support @ 443 briefly to test close to the 21 day moving average before closing as a pretty bullish pin bar on Wednesday. The stock has only retraced less than 50% of its recent AB swing up and has held well yesterday despite the overall market sell off.
Expecting this stock to continue it's uptrend with possible near term target @ 518 (162% fib extension of the BC swing upwards)
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
Nasdaq - short term correction onlySo far the near term support zone (13550-13590) - which was a resistence-turned-suppport - appears to be holding. Nasdaq dipped below this support to test the rising 21 day moving average before closing above the support again with a bullish pinbar (not the most bullish pin bar, but still bullish looking nevertheless).
Futures are currently holding above this support zone too.
Could be just a much needed short-term correction. Opportunity to buy the dips of quality stocks.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
