2 interesting Trading Boxes Part II!
Please read my former view first (see below)
These hours we have reached the TP of my former view (see below)- the bottom of the illustrated blue box! So i have to update my view.
We played the in my main view illustrated variante no. 2 (mangenta box - see below).
Now i see the chance to play variante 1 of the Blue Box:
1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.300$. Box TP1 would be the bottom and upper edge of the mangenta box and than the upper edge of the blue box again
At the blue box`s bottom we have a classical action point were a decision has to be made. Here you could make a straddle - that means you open 2 positions, one long at the present level and a stoppsell order below todays low with a sl near above the blue boxs bottom edge.
The streesed out BBs, the four times bought supportlevel and the bullish wedge in combination with an oversold RSI could be a nice anticyclical and risky longchance.
We are here: also enar the next longterm action point
COMMENTS ARE WELCOME -AGREE OR DISAGREE
Former view: 2 interesting Trading Boxes!
Since July, a Trading Box appeared: 1306$ - 1375$.
Within that Box, we can see the next shortterm Box which reaches from 1330$ to 1356$
Interesting are the edges from each Box.
Trading ideas Blue Box:
1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.300$. Box TP1 would be the upper edge
On the other side, the Risk Lover could sell the upper edge @ 1.375$ (SL near above that Level) TP=Box`s Bottom
2.The cyclical patient Trader would prefer waiting till we break through one of the Box`s edges (Stoppbuy or Stoppsell with a closely SL near the edge)
Trading Ideas Mangenta Box:
1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.330$. TP1 would be the upper Boxedge mangenta, and TP2= upper BoxEdge Blue. On the other side, the Risk Lover could sell the upper edge @ 1.356$ (SL near above that Level) TP1=Mangenta Box`s Bottom/ TP2 Blue Box`s Bottom
2.The cyclical patient Trader would prefer waiting till we break through one of the Box`s edges (Stoppbuy or Stoppsell with a closely SL near the edge) TPs are the edges of the blue Box
microview:
These hours we have reached the TP of my former view (see below)- the bottom of the illustrated blue box! So i have to update my view.
We played the in my main view illustrated variante no. 2 (mangenta box - see below).
Now i see the chance to play variante 1 of the Blue Box:
1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.300$. Box TP1 would be the bottom and upper edge of the mangenta box and than the upper edge of the blue box again
At the blue box`s bottom we have a classical action point were a decision has to be made. Here you could make a straddle - that means you open 2 positions, one long at the present level and a stoppsell order below todays low with a sl near above the blue boxs bottom edge.
The streesed out BBs, the four times bought supportlevel and the bullish wedge in combination with an oversold RSI could be a nice anticyclical and risky longchance.
We are here: also enar the next longterm action point
COMMENTS ARE WELCOME -AGREE OR DISAGREE
Former view: 2 interesting Trading Boxes!
Since July, a Trading Box appeared: 1306$ - 1375$.
Within that Box, we can see the next shortterm Box which reaches from 1330$ to 1356$
Interesting are the edges from each Box.
Trading ideas Blue Box:
1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.300$. Box TP1 would be the upper edge
On the other side, the Risk Lover could sell the upper edge @ 1.375$ (SL near above that Level) TP=Box`s Bottom
2.The cyclical patient Trader would prefer waiting till we break through one of the Box`s edges (Stoppbuy or Stoppsell with a closely SL near the edge)
Trading Ideas Mangenta Box:
1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.330$. TP1 would be the upper Boxedge mangenta, and TP2= upper BoxEdge Blue. On the other side, the Risk Lover could sell the upper edge @ 1.356$ (SL near above that Level) TP1=Mangenta Box`s Bottom/ TP2 Blue Box`s Bottom
2.The cyclical patient Trader would prefer waiting till we break through one of the Box`s edges (Stoppbuy or Stoppsell with a closely SL near the edge) TPs are the edges of the blue Box
microview:
Note
below 1305 the risk increases to dip down to 1298- than 1290 Note
Note
longposition in full swing..bullish wedge is active Note
reached next action point! Note
1310 is the shortterm level to watch! Trade closed: target reached
long reached mangenta box = tp1! YESSS!!! Note
overview: short the mangentas bottom or wait for a stopbuy when entering the box ?Note
Note
straddle it? Note
Note
We are trrading near an Action Point. (mangenta box bottom) ...Note
Note
reached mangenta box = action point Note
nice Note
now the illustrated mangenta box Long is triggered Note
overbought rsi now Note
rsi! Note
i love this box-trades!!! Note
a flag like a textbook Note
this trend has to hold.. Note
and down again? Note
levels to watch! 
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