shermanchoo

shermanchoo Updated 

- if there's 250pip pullbacks, then its worth looking to add to the trade, otherwise over the weekend, GA's susceptible to 30 pip spreads. - As of 17 Jan, GA is in a 3rd wave and up 500 pips. Best not to trade against a 3rd wave count.

shermanchoo

1. Bias is Bearish...holding off trading till 2nd May anticipates the liquidity hunt and reduces the risk... 2. To maintain bearish bias, price needs to stay below 0.66664.

shermanchoo

It starts with a Bullish Buy Limit order. Once that money is in, we close 50% at the 382 fib. Next, check for bearish price action to decide whether to close the remainder.

shermanchoo

If the price stays below 1.10503, employing whipsaw trading methods instead of trend-following strategies presents a favorable risk-to-reward ratio.

shermanchoo

1. Using lines to look for repeatable diagonal patterns... 2. wait for the 1st wave, 2nd wave, correction, then the 3rd...

shermanchoo

Price crashing below 1.27213 requires a recount. Otherwise, will be looking for Buys only,. ...with chance for trade to run...

shermanchoo Updated 

TSLA has buying interest at 185 levels because of the bullish engulfing candles at this key level.

shermanchoo Updated 

Taking partial profits at 32k and setting trailing stop loss helps confidence to stay in the trade. What next? BTC could make a pullback to 32k then push for 40k. Fingers crossed and trail safe.

shermanchoo Updated 

- Will be looking out for gap fulfilment. - it can be accompanied by complex side ways movement 1st ..

shermanchoo Updated 

- positions from $26k set to BE. - partial profit taken. - still bullish. - if market would give a more complex correction ... such as a running flat to touch the Daily 200SMA, will consider adding ...

shermanchoo Updated 

SSE Index would need to clear 2972 in order to start considering the upside. ...till then, will be sitting on the side line ...

shermanchoo

Looking for Bearish triggers around 1.2644 sets up a good r:r,.. ...with chance to run.

shermanchoo

below 1.25, will be looking for bearish price action with suitable r:r, in the direction of 1.20771.

shermanchoo

...because we are in a downward channel (2D), the next sell opportunity comes when there is at least a 90-100pip pullback (green circles)

shermanchoo

What's next? EU is in a Downward Channel* with both intraday Buy and Sell opportunities.

shermanchoo Updated 

- Waiting for a bigger correction, then a lower degree breakout sets up r:r for the next motive wave up.. with opportunity for trade to run. - price action pushing past 1.05884 requires a recount.

shermanchoo Updated 

After 27 Sep, a lower degree correction sets up the r:r for a Y wave up.

shermanchoo Updated 

if BTC could stay above 26000, looking for it to head back up to previous highs.