The story of a(nother) 1R

The trade below encapsulates how we see and trade the markets, so we thought we’d share it for everyone’s benefit. The series of events similar to those seen below happen way more often than to be dismissed as random. This is, in fact, what a certain aspect of crowd behaviour, i.e. the re-emergence of momentum out of consolidation areas, looks like on our charts, and this aspect of crowd behaviour can form the basis of a successful trading methodology. Get the tools and join us as we track the markets!

March 27, 12.27pm: we identify the opportunity, a complex consolidation, and the expected re-emergence of momentum (and share it with our Premium membership at the time, as well as in a public post at the end of the day)

A few hours later momentum re-emerges, we get triggered into the trade. We use PRO STR for the job, but the job can be done with BT as well, and can be split to smaller trades on lower timeframes. Notice our resting stop entry at the top of the red candle two candles back.

The trade is completed at 1R.

Latest from the pit: Our measured move on bitcoin

Those following our method (and using our tools) are taking partial profits as we speak on bitcoin, after it hit our measured move objective on the daily chart. Let’s review this trade since there’s some good lessons here, for all traders, and, surely, for upcoming trades:

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MBT 2023 09 28

• 2023 09 28: our Premium members - and everybody else who uses our software - are alerted to a long opportunity on BTC/MBT. (This is all in real time, as events happen, captured in timestamped images and video.) What should be noted:
  - consolidation after the Keltner violation on the 240m chart (and, perhaps not just incidentally, preceded by price rejection at 26200, Sept 25-26)

  - complex bullflag on the weekly, providing HTF context

  - RRR crossover (aka hotzone), leading us to focus on the consolidation on the daily chart.

The above information propels us to structure a trade to capitalize on this opportunity. (Note: how the trade will be structured/executed will vary from trader to trader, depending on their individual trading plans, timeframes and risk management rules. It’s easy to see, no two traders will execute exactly the same trade even if they exactly agree on this opportunity.)

We’re monitoring, and waiting to strike, like a cheetah in the grass.

Remek! Premium 2023 09 29

2023 09 29: our nightly Premium analysis with ideas on how to trade this opportunity at 4:00 in the video.

Required Risk Disclosure: Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

2023 10 02: move done, with 1R and more on the 240m chart and a measured move on the daily timeframe. Note that the weekly move may still be ahead. See our notes on the chart below. Note the utility of our Remek! Market Scanner Pro on the right, showing the hotzone from our RRR indicator (an important piece of the puzzle as we put our case together for this trade), and many other useful objective datapoints in the various columns.

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Our method yields opportunities like this bitcoin trade on the markets we follow almost on a daily basis, providing strong evidence that our approach is worth a closer look.

It is important to note that our discretionary analysis is based on our quantitative tools, and provide the context that semi-algorithmic traders prefer in their work. However, if your approach is 100% algorithmic, you will be glad to see our totally algorithmic backtesting and optimization tests that we have been sharing on our youtube channel. So wherever you place yourself on the discretionary-altorithmic spectrum, you will find that our software tools and method provide the sound foundations needed for successful trading.

If you like what you see above, sign up for a free trial or feel free to book a complimentary session with us to discuss your trading requirements.