Price is moving sideways, we are overbought on the higher time frame (4HR) and I think we will get a bounce down. Used previous structure for SL and a soft 0.4:1 RR
We are oversold on the higher time frame (4HR). It looks like we are bouncing of the bottom of the current range. Suspecting we will get nice reaction from this area. Used the 4 hour structure for SL and a soft 0.4:1 RR for an easy clean up.
We are over sold on the 1hr TF, and price action indicators no major concern for the uptrend to continue. I am looking for a pull back and a limit orderhas been placed. Using template 15TP 20 SL. 10 year back test data shows good results at this ratio if you can get a pull back entry. Limit order is placed.
Very bought on the higher timeframe and we are at very high price for gold. In addition we are likely to see the chart fill in on the higher time frame imbalances. Market entry here , could be a long trade idea, I will likely set multiple TPs through out and adjust my Sl as structure develops.
Mean reversion play here. Very over sold on the 4hr time frame. Using previous structure for SL and soft target for TP.
Oversold on the higher time frame, we are bouncing around in a range. With this mean reversion play we are going to use previous structure for SL and the soft target of 0.4:1 for TP
Mean reversion set up with price being very overbought on the higher TF. Using previous structure for our SL and soft target at 0.4:1. Its a bit away from entry I might set this up as a limit order.
Same story as with CHFJPY, we are using mean reversion but due to the volatility JPY has shown all week I would like a pull back entry. We are going to use higher TF structure as SL and a soft TP something like 0.4-0.7 : 1 RR.
Mean reversion mixed with oversold condition. Using previous structure on the higher timeframe mixed with a soft target of 0.4:1.
Mean reversion Idea here as well. We are overbought on the higher time frame. I want this set up as limit order simply because we have been getting beat up pretty good on JPY trades the last week and I want the best entry while staying valid with the trade. It could be taken at market, use a bit above previous high time frame structure and keep you TP to something soft.
We are resting at some pretty heavy long term structure and we are very oversold on the higher time frame. Shooting for soft target this lil mean reversion play uses below previous structure for SL and a soft 0.4:1 target.
Mean reversion play, we are way over sold on the higher time frame. Using a soft target and reasonable SL.
We are way oversold on the higher TF. We are seeing rejection, I think we can easily gulp up some pips on a pull back. Using just below wick for SL and looking for a soft TP.
Oversold on the higher TF. Mean reversion idea, Sl at and TP are at the soft target of 0.4:1 80% of the time....it works everytime haha. Jk jk
We are looing for a sell in this range **IF** we get over bought on the higher TF. Im using a template stop loss/ Take profit of 15 Tp 20 SL. Help up pretty good in 1 year back test.
Limit Order set for this mean reversion/trend play. We are in uptrend and we are very over bought on the 1 hour time frame. Looking for a pull back entry with the a template 15TP 20SL.
Same basic set up we have with CADJPY. We are over sold on the 1 hour time frame, I think if we can catch a pull back entry a soft 15 point TP is well within our reach. Set the SL to 20 as per my 15/20 template SL and TP that has responded well in back testing. Limit Order set.
We are overbought on the 1 hour in a bearish trend, we also are in a very choppy trend so I think we can catch a good pull back entry and we will use the template 0.75:1 at 15 TP and 20 SL. Limit Order set, will update if I decide to pull out. Please drop me a follow if you like my ideas! I am trying to build my my rep up :)