15195
by xard777
Today's trading on the NIKKEI and hitting my target (Goldilocks target of 26%).
This strategy is equally applicable to GOLD and DOW, or even a combination of all three markets.
Here's a breakdown of today's NIKKEI trades:
1. I observed the price descending from a Square Top pattern.
2. Taking a SELL trade off the Index Entry level the price continued down and broke below the Daily Open level, presenting my first opportunity to secure profit$ at the 1st Dot indicator (that said, I had already bailed my position as I had decent Pip$ worth booking).
3. The price then increased slightly above the Daily Open, forming a 2nd Dot. As it began to decline again and cross below the Daily Open, it marked an excellent entry point. The overall market sentiment appeared bearish, and the price was crossing below all the EMAs on the M5 timeframe. So my second SELL trade was taking.
4. Finally, I would close out and book my Pip$ upon reaching the Arrow Dot indicator (except, I bailed earlier again as I blew past my daily % target, but hopefully, you get the picture).
Xard777
Off to bed for a power nap ZZZZzzz
- These users thanked the author xard777 for the post (total 14):
- maroka, Skyold, BeatlemaniaSA, thomdel, RobertPoznan, Curioso, Forexlearner, Redman, lukgoku, 88FX88, satyafx, JCCTREND, Musashi, LorenzoNexus
XARD: If Carlsberg made charts... Probably the best charts in the world