(short in progress) week21 Dax D1 resisted at 10000 psy level more downside


A huge bear flag has been formed over the past few months, in line with the emerging bearish downtrend.
Current price is on the verge of breaking this bear flag and for more downside.

week21 Dax30 D1 resisted at 10000 and breaking bearflag 180516

in the lower timeframe, a week to week successive downtrend is already in progress. Nearing the trendline, sharp price actions can be found near the 10000 level resistance. Price is likely to resume downtrend this week, with 3 more trading days to go.

week21 Dax30 h4 bearish trappedtraders 180516


(short in progress) week20 Brent Crude D1 topping out, ready for bearish trend resumption


A resistance confluence is found in Brent Crude. It may be ready to rejoin the 2 years bearish downtrend.

week20 brent crude d1 trappedtraders 100516


A head and shoulders is formed from the resistance confluence. The neckline was broken from yesterday’s bearish trappedtrader signal. Price is ready to move downwards.

week20 Brent Crude h4 neckline broken 100516

week19 80% ROI with stable equity curve. Will no stop-loss system work better for retail traders?

After 1 mth of inactivity, resumed operations as losing trades were being held until the favored trend returned.


week19 80 % ROI 060516

Can no stop-loss trading work?
While putting a stop loss guarantees that losses wont go beyond the set amount, it may also be worth it to use position sizing as a better form of risk management.

week19 stats 060516

(short in progress) week19 AUDUSD resistance shown after rate cut

After a massive plunge from AUD rate cut on 3rd May 2016, the topping pattern became clearer.

The first D1 chart shows a resistance confluence trendline.

week19 AUDUSD D1 resistance from trendline confluence 040516

Zooming in, this resistance confluence shows a price pattern in which 5 weeks of high was flushed. Price is currently now perched at the support level of 0.7500 a psychological level as well. It can also be seen as a neckline as previous 2 attempts to break were not successful.

week19 AUDUSD D1 magnified 040516

Clue to short this will be from a bearish #trappedtrader signal, so that legitimizes the reason to why shorting will be done despite being at the current neckline suport. Should there be more retracement then more shorts will be added in.