A simple high probability setup (R/R: 5.5+)

22 Ağu 2017

This is an attempt to use Andrews A/R techniques (reverse pitchforks or median lines) with a horizontal structural stop. The next green parallel is used as a runaway target.

25 Ağu 2017

Not

Our entry level is now past the time-frame where price was expected being able to reach it. With the target still valid I would like to enter upon a second touch of the lower sloped parallel instead. The reason I need two touches (no touches has occurred yet) is so that I can place my stop below the first touch, and because the lines are not 100 % accurate and I wish to know how much the price will violate this parallel on the first touch.

30 Ağu 2017

Not

Since price got pushed down so hard by news on the Korean missile launch, I managed to get it right above the original entry level and exit once we came back to the lowest green parallel.

Now however, the proper setup is developing and I am looking to enter at a new orange parallel.

5 Eyl 2017

Emir iptal

I discarded the idea because of the stop size upon touch (and look how price went much lower).