Currently providing discretionary trade signals, delivered straight to your smartphone via the Telegram app - now with two weeks FREE trial!
Discretionary trade signals
- Dual role: (1) to provide trade ideas and (2) to educate traders with charts and brief comments
- Signals based on key technical patterns that show up on various time frames, including daily, H4 and H1 charts.
- Include false breakouts, rounded-retests of broken support or resistance and breakouts from consolidation patterns.
- Suitable for more active traders, but not scalpers or long-term position traders.
Discretionary Trade Signals: Details
Discretionary trades are based on technical patterns that show up on various time frames, including daily and hourly. As important as the signals are, these trades are also meant to teach you how to look for trade ideas yourself. They will reveal the types of discretionary trades I look for in my own trading, using the experience and knowledge I have built over the years. Hopefully, I will be able to inspire you to stand on your own two feet and not to rely on others' ideas, including mine, in the future.
Some of the chart patterns that are used to look for trade ideas, include false breakout reversal formations, rounded-retests of broken support or resistance and breakouts from consolidation patterns.
Expect to receive most of these signals during the London and New York hours, although occasionally there will be some signals provided during the Asian hours.
When signals are provided, in most cases, the current price will be within the entry range. Sometimes, this will not be the case, which would require you to either set a limit order to enter on a potential pullback later in the session, or you can manually enter yourself when and if price does pull back to the entry range. If the trade in this situation is not triggered during the session, it will normally be cancelled.
Expect 2-4 signals per week, depending on market conditions. These trades are expected to hit their intended target or stop loss within a couple of hours to few days at most. As the trades unfold, the focus will turn to risk management (tightening the stop loss). So they will require some active management from time to time, making them are more suitable for active traders.
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Any trade signals provided either on this website, on telegram or via any other social channels, should not be taken as recommendation or investment advice. They merely provide ideas for subscribers, who are ultimately responsible for risk management of any trades taken. Fawad
Razaqzada or Tradingcandles.com is not liable for any loss or damage, which may arise directly or indirectly from use of or reliance on such information. We do not take into account the investment objectives or financial needs of individual visitors or subscribers.
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