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MSFT Cutting Credit Spread Losses ShortThe name of the game in trading is knowing when to cut your losses short.  Goldman Sachs upgraded MSFT in premarket trading today, which caused a gap up in the opening price.  We're in the red about $105 from an originally $252 max credit trade.  We're going to wait for market close before cutting our losses on the position. If the close looks to be as if it's going to be above our moving averages (highly likely), we're going to take the loss. If not, we'll hold the position through Monday to determine whether to continue playing the game and even potentially open another credit spread on the Bull Put side for some time premium
NASDAQ:MSFTShort
by EdgeAnalytics
DAILY BEOB NEW SIGNAL- Type : Pending Order Date : 22.7.2016 Time : 12:00 GMT+1 Technical : Daily BEOB at strong supply zone, with trend following Pair : USDJPY Timeframe : DAILY Trade setup : SELL STOP Entry at : 105.398 Take profit 1 : 100.00 ( 539 pips ) Take profit 2 : / Take profit 3 : / Stop loss : 107.891 ( 249 pips ) Reward risk : TP1 – 2:1 TP2 – / TP3 - / Our risk : -Full bar risk (ie entering near a break or having a full bar to work with - stop behind the bar) = 3% risk
Short
by FxcInvesting
TRADE OF THE DAY 25-02-2016 + 14 EMOTIONAL TRADES ($24.21)I STARTED TRADING LONG IN THE USDCAD AFTER THE PRICE BROKE A SMALL CHANNEL OF 22 PIPS TO THE UPSIDE, WITH THIS SIGNAL I ENTERED BUT CATCHED A LOSS FOR THE DAY OF -50.77, THIS APPARENTLY WASN'T ENOUGH FOR METO TAKE A LOSS, SO I DID REVENGE TRADING TRUSTING ON MY "INTUITIVE SKILLS", WHAT I REALIZED AFTER 14 TRADES MORE IS THAT BESIDES THE FACT I ENDED THE DAY WITH A PROFIT,IEXPOSED MYSELF TO TOO MUCH RISK, WITH AN ABSOLUTE DRAWNDOWN FOR THE DAY OF $-107.28, WHICH GIVES ME A RISK/REWARD RATIO FOR THE DAY OF 1:0.22,AND A PROFIT PERCENTAGE OF 80% OF THE TRADES, WHICH GIVES ME AS RESULT: (0.22*80)-(1*0.20)=-0.02 EXPECTANCY. TRADING RESULTS: (-50.77-40.80-26.51+1.69+15.32+17.52+0.81+62.16+1.69+4.12+1.25+21.12+1.26+0.38+14.97) PROFIT/LOSS FOR THE DAY: $24.21
Long
by tommyjose92
Bitcoin: A Longterm OutlookIt might take a couple years before another rally. The next 4 months I expect price failing at the red trend line and coming back down to 220-300 depending on how strong demand is there and therefore if it's worth for whales to try running the stops bellow 230. The 800-900 target is derived from meassuring the distance at the widest place within the triangle, and projecting that same distance (150%) from the (expected) breakout point upwards.
BITFINEX:BTCUSDLong
by MagnusTradingGroup
20
2 TARGETS EXPLAINED - POSITION SIZING - BANKING PROFITS Hi All, I recently have been asked to publish this diagram for executing a 2 target order. I have labeled the diagram with order sequence in a perfect world scenario. Steps below relate to numbers on chart I am not telling you this is how everyone does it and this is only based on the questions I have been asked, every strategy has its own order entries stops and targets. 1. Price action comes down to hit your Limit Order Entry/Entries - when we find the reason for entry in this case we have identified this as an advanced pattern. When price action has at least past the B leg and we anticipate that price will continue downwards towards our D completion and predict where the Market is most likely to go after this, we then decide on our entry type and execute the order - The most important thing is to know where your entry stops and targets go before the entry level is reached. We mark these area's out and place 2 Order Entries @ Half position size. So let's say you would like to buy 20k EURUSD and the spread was 2.3 pips with a pip cost of $1 per 10k (minilot) trade. The cost would be: 2.3 pips * $1 per minilot * 2 minilots = $4.60 Now let's say you bought 20k in EURUSD, but this time, you bought two separate minilots, 10k and 10k. The cost for this would be Position #1 - 2.3 pips * $1 per minilot * 1 minilot = $2.30 Position #2 - 2.3 pips * $1 per minilot * 1 minilot = $2.30 The 2nd scenario costs the same as the 1st but allows two different sets of stops and limits (one set per ticket). So now we have the Order in Place with your target 1 and 2 and only exposing you to a stop loss of your original 20k After D has completed you need to make sure to bring your targets down until D has completed. 2. Now you have your order filled, based on historical data and forward testing results in the most likely of places price will retrace to being the 38.2% for T1 and 61.8% for T2 - now in your testing results you may just take one position and use the 50.0% for your one target. Keep in mind this is just an example. We have already banked our target 1 with 43pips - Price can do 3 things Go up Sideways or down. We hope price would just continue to hit our T2 - in this case price will retrace when sellers have their orders in at the 38.2% 3. We then move our stops up for position 2 to break even. 4. Price action usually will retrace and can indeed come back down to stop you out for a break even trade on position 2 but this has already banked 43 pips at 10k Half Position. 5. Price action doesn't stop us out and we are looking for Target 2 to be acquired, when T2 is obtained we have completed a perfect trade. And target 2 has banked 69 pips You can also trail a stop when the price action hits T1 if you need to sleep or leave for some reason and don't want to leave the position exposed to loss if it turns in the wrong direction. You can take step number 4 after the retrace and use the LLLC candle wick and trail the stop 5 pips below or above the HHHC candle wick depending on bearish or bullish. Note: some brokers or platforms do have the feature to have two limits on the one order. Also note the dollar figure is great that's what we all want is to make money in the market, the most important thing though is to not go broke, protect capital, dont expose yourself to too much risk, bank profits and don't be greedy. Being a consistently profitable trader putting yourself in the highest probable trades, Like Warren Buffett Says The stock market is a device of transferring money from the impatient to the patient. Their are a million ways to make and lose money in Forex - good luck I hope this helps for all those who asked to post it
Education
by Oztrade
2
EURUSD SHORT LONG TIME FANTASTIC POTENTIAL STRONG LEVELS £$ Drawn S/R horizontal lines on W1 very strong levels coincide with diagional ray and key Fibonacci levels. Fib retrace shows 23.6% reversal occurring, Ichimoku suggesting a bounce off kumo - Channel Commodity Index reverse also respecting diagonal channel. First target 0% on Fib retrace, trailing stop from then on - Stop based on historical kijun-sen flat line, slightly above visual red stop level on short position target Good luck and happy trading!
Short
by XavierAlexander
2
BTCUSD developing a healthy bull trendBitcoin is at a huge juncture at $300 and it looks very close to breaking through. Plenty of room for upside and once it cracks that $300 mark, it's on like donkey kong. Depending on the risk you can handle, you can pick a stop-loss at various levels. I'm personally keeping a pretty tight stop-loss below the breakout zone on a 2h scale because I believe this is going to happen very quickly once it breaks. When the price pops, we will see a quick run to the upper $300s before a retrace. If and when this occurs, I plan to play both sides of it. We can see volume supporting this trend on a daily time frame, but also on shorter time frames as well, with steadily increasing volume accompanying steadily increasing price. What's more, the speed of the trend seems to be increasing, although we obviously haven't reached climax levels yet, which would be indicated by huge volume and very fast upward price action. This would also be a good indicator that it's time to fold our longs and begin shorting. Good luck!
BITFINEX:BTCUSDLong
by MoonTrader
21
Orderflow in FX explainedWhat is orderflow? Order flow in any market is the placing of either pending or market orders. Prices may move due to the placement of these orders. What this means is that current value (i.e the spot rate) changes when there is a consumption of liquidity at a particular price level. Why is this important? What is occurring with any price movement is that either the longs have exceeded the liquidity of the shorts at the price if there is an increase (in a very simplified world, 10 units bought at 1.000 of X/Y currency when there are only 5 shorts at 1.000 will move price up) and vice versa for if price moves down. Have you ever asked why you get stopped out? 'Stop hunting' is a legitimate way in which large players move the markets in order to generate liquidity. They do this to place orders with minimal slippage. The big players are not trading with small lots like retail traders. They are moving a huge amount of volume, so if they were to place a large order with limited liquidity, their order would not be able to be filled (remember above, markets move due to an imbalance in liquidity or in simpler terms, demand exceeding supply or vice versa). Therefore, by moving price towards areas of pending orders, they are able to place their large trades with limited slippage and get the best price. They know that they can take out weak longs or weak shorts (which I will explain in the following example) in order to accomplish this. When you can identify where the bigger players want price to go to be able to place these orders, it is possible to piggyback on the coat tails of these moves. Example Note the area identified furthest to the left with the arrow. We see a period of consolidation following quite a bullish move. Sellers have entered here causing the up and down moves (the bulls are fighting the bears). It could be deduced that the sentiment here is bullish due to strong previous up moves and a weak Yen. Weak longs would have been entered following the bullish candle on the left most side of the box with stops evidently where weak resistance had turned to support from the two candles prior to the bullish move, indicated by the red line. As the big players understand that there will be long positions here, they can identify where many stops and buy orders may be placed (previous resistance turned support - other examples for where stops could be placed may be at a Fib level or Moving Average etc). Note the green box and more importantly the wick downwards. This is price being driven down to capture pending orders and stops. Once these orders have been captured, there is a liquidity vacuum. The big players now place their long positions now that they have entered a price where there is heightened liquidity. As there are now very few opposing short orders after the stop hunt, price moves very quickly upwards. If you look at the highlighted areas, you can notice this occurring again and again, however, not necessarily always due to a stop hunt. This piece is written to provide you with something to think about as opposed to how you can use it. Deduce what you can from it and explore the way in which it can benefit :) If you have any questions or suggestions, feel free to contact me here or email me at david.belle@admiralmarkets.com Note: this is the first educational post. We would appreciate feedback on this whether it is good or bad, helpful or absolutely useless. Form your own opinions. This is not to be interpreted as investment advice. Trading leveraged products carries a potentially high level of risk. Losses may exceed deposits.
by DavidBelleFX
13