Planning trades in advance is a very important part of a trader’s success but most importantly is following the plan and trade the plan. In this post, I go through some of the opportunities I’m looking at, looking at weekly charts. Mediclinic The share has been trading in the R65-R54 range since late 2019. With …
Planning trades in advance is a very important part of a trader’s success but most importantly is following the plan and trade the plan. In this post, I go through some of the opportunities I’m looking at, looking at weekly charts. Capitec Bank The share broke out the R984-R795 range and both the 200 day …
Planning trades in advance is a very important part of a trader’s success but most importantly is following the plan and trade the plan. In this post, I go through some of the opportunities I’m looking at, looking at weekly charts. Capitec bank The price broke out of the range on the 30th of …
Planning trades in advance is a very important part of a trader’s success but most importantly is following the plan and trade the plan. In this post, I go through some of the opportunities I’m looking at, looking at weekly charts. Capitec bank Price below 200 week EMA. Looking for shorts. But the should the …
Many successful traders regard position sizing as the holy grail of risk management, ultimately of trading successfully. Essentially it’s the quantity of the chips you want to bet on a trade, and is related or at least should be related to how much you want to risk on that trade. A trade at least …
Weekly Chart When looking at the weekly chart we can clearly see the trendline holding quite firmly, A reversal to the long side is quite. I’m looking for a long entry on a daily chart. On 9 September 2020 We a huge bullish engulfing candle. Bullish engulfing on daily chart Engulfing quite a number of …
Weekly Chart When looking at the weekly chart we can clearly see the trendline holding quite firmly, A reversal to the long side is quite. I’m looking for a long entry on a daily chart. On 9 September 2020 We a huge bullish engulfing candle. Bullish engulfing on daily chart Engulfing quite a number of …
Monday 7 September Starting the week’s plan with a quick review of currently opened trades. Open Trades Foschini Group The trade is currently in the red, I entered on a bullish divergence Read more about the trade Firstrand group The trade is currently in some small green, it was on a bearing flag Read more …
Week 7 September- 11 September 2020 Trading plan & update Read More »
Monday 24 August 2020 Market open 9:10 AM Placing a buy stop order on The Foschini group (FTG) above R76.61, at R76.65. Place stop loss ATR 2.68 Stop loss R71.17 direction : Long. Reason for trade: Bullish Divergence About the trade: https://villagetrader.co.za/2020/08/09/tfg-bullish-divergence-trade/ Trade update: BHPGroup PLC Updated stop loss to: 47.60. Above the high of …
Week 24 August – 28 August 2020 Trading plan & update Read More »