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CRYPTO of the week: BCHUSD getting closerBitcoin cash has ended a sequence from 1,450.91 high at 1,242.17 and from current levels should see a marginal new high in 15min to complete red -4-. From there, I'd like to see a new low with a RSI divergence forming as that would indicate the red -5- is in progress. For now, I see a motive 5 waves in the making in red -3-, so a succession of marginal new low before the final leg. Equal leg area is 1,138.83-1,056.51 where buyers should appear. However, below 923.26 caution should prevail and structure might need to be reassessed. Invalidation level to the upside is 599.49. Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 29/04/2018-05/05/2018, I propose BCHUSD Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:BCHUSDLong
by The_202_Quants
CRYPTO of the week: BCHUSD - hoping for correction to buy lowerBCHUSD 1H EUROPE UPDATE - 30/04/2018 bitcoin cash has completed red -1- and red -2- and as long as below 1,487.65 it should trade lower. RSI trendline is broken and we can call cycle from 1,225.55 completed at 1,487.65. I don't like to sell here and would prefer to position longs at equal leg area 1,138-923.36 for at least a 3 waves bounce or higher. Invalidation level to the upside is 599.49 Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 29/04/2018-05/05/2018, I propose BCHUSD Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:BCHUSD
by The_202_Quants
5
ETHUSD correction is not done yet - the power of the 5 wavesSequence from 595.00 ended in corrective 3 waves to the upside that failed below 710.95 as expected. As long as the 710.95 high holds, we should see one more sequence lower to 568.30-496.18 where buyers should appear. As the move from the lows in 4h is only a corrective 3 waves, I would stay on the sideline. Better setup in xmrusd and zrxbtc for what is posted on TradingView Invalidation level to the upside is 358.40/ Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 22/04/2018-28/04/2018, I propose ZRXBTC Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:ETHUSD
by The_202_Quants
2
CRYPTO of the week: ZRXBTC 1h update First shot at it?ZRXBTC 1H ASIA UPDATE - 26/04/2018 The sequence from 12,452 high ended at 10,629 in the form of a motive 5 waves calling for another low (FLAT option always remain on the table) and bounce happened as a FLAT to 11,982 where started the second leg of the cycle from the highs. Equal leg area projects 10,159-9,729, with possible extension at 9,032, where buyers should appear for at least a corrective 3 waves to the upside. Aggressive traders would take a shot in 15min time frame and protect their position when we reach 50% of the cycle from 12,452 high. Don't chase here and do not open the stop. If you stopped out , move on and buy lower at the equal leg. However, be aware that equal leg area is a bit shallow to correct the all cycle from 4,922 low and I expect a double correction in coming sessions. I don't like to sell here and would prefer to join buyers lower, either at purple 1 or blue 1 as per the 4h chart. Invalidation level to the upside comes at 4,922 Invalidation level to the downside comes at 12,452 Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 22/04/2018-28/04/2018, I propose ZRXBTC Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Long
by The_202_Quants
CRYPTO of the week: ZRXBTC 1h Asia 25/04/2018ZRXBTC 1H ASIA UPDATE Cycle from 9,715 low is still alive and while above 10,920 we should see 12,732-13,163, possibly 13,860. Break below 10,920 would end the cycle from 9,715 and put pressure in 9,715 (which is soft support and should not be used as stop). So if this happens, we might still be in purple 4 with a FLAT from 18/04/2018 high. To be noted that we have enough swings to the upside for purple 5 to be completed and therefore cycle from 4,765 low to be ended as well, so I won't chase here higher (I'm out of position since 10,920). I don't like to sell here or higher as well. Invalidation to the upside is 4,764 as there is no sequence in motive 5 waves. Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 22/04/2018-28/04/2018, I propose ZRXBTC Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
by The_202_Quants
ETHUSD 1H chart - things start to be interesting Ahh ahh! I know I keep pushing the count to the upside. But shouldn't you happy about that? Oh, are you selling when a chart indicated a straight line down? Let me explain: A chart is to a trader what the co-pilot is to a pilot in rally car race. A chart is a map that you (trader) needs to adapt (it is raining on the track today, are we managing the time because we are 35sec ahead, etc...). Do not trade a chart from a chart analyst you do not understand. Otherwise, get yourself the comments that accompany the chart. And check you plan (A chart is not a plan!) As a trader, I have the chance to know the chart analyst pretty well (yes, it's same me), and I do not always trade my charts, I won't of course go against them ... Back to ETHUSD, I kinda don't like motive 5 waves when I'm not in lol! But what I learned from 12 years analyzing charts is that I should not try to fade them for the sake of being in a trade. But soon, I will take a shot, wait not a short, but a long, right? What is your take here?
BITSTAMP:ETHUSDLong
by The_202_Quants
BTCUSD 1H chart - Is it euphoria stage alreadybitcoin has been very kind to me last week. Actually it has been good since the beginning of the year (I'm only buying and I'm up in actual capital, not counting open positions) Now I'm out of any trade in 1h (we are looking at 1h chart, so who can be in a trade still?), so what's next? Pretty exciting level here with 9,188.00 flashing in front of our eyes! So if it breaks, you buy straight as a result of FOMO or you have a plan? Mine is set since last week. Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:BTCUSDLong
by The_202_Quants
ALTCOIN OF THE WEEK: XMRUSD 1H EUROPE UPDATEMonero stalling in the proposed area where a sequence from 223.86 low has ended at 250.72. I expect one marginal new high here to complete the sequence from 215.99 low. However, cycle from 159.97 is already mature and can price can turn down anytime. I would not sell here though or higher, but would position longs in the coming correction, either green 4 or red 2. Next week is gonna be interesting. This is our last update for the altcoin of the week and starting Sunday (Asia time), I will post another altcoin in the same format. So if you have preferences, please leave in comments. Thanks Every week, for one particular altcoin, in addition to the charts that I upload on TradingView, I will put the comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 15/04/2018-21/04/2018, I propose XMRUSD Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
XLong
by The_202_Quants
ALTCOIN OF THE WEEK: XMRUSD 1H ASIA UPDATEEvery week, for one particular altcoin, in addition to the charts that I upload on TradingView, I will put the comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 15/04/2018-21/04/2018, I propose XMRUSD XMRUSD 1H ASIA UPDATE - 20/04/2018 Monero is proposing some action this morning with break of 239.12 as expected. RSI divergence is intact. Expect to reach at least 243.48-247.80, possibly 254.78 or higher. 215.99 is soft support in lower time frame to complete the cycle from 188.15 low that is our invalidation level to the upside for now. For those not long from lower, I would rather now wait for the pull back and would buy any pull back in corrective 3 waves and as per method. Looking forward to next week for more action. Be on the right side of the market! Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
XLong
by The_202_Quants
GBPJPY 1H - SWING TRADING STRATEGY THAT WORKSStep 1 Wait for the price to touch the Upper Bollinger Band The first element we want to see for our simple trading strategy is that we need to see price moving into overbought territory. Any swing trading strategy that works should have this element incorporated. Note The preferred time frame for this simple swing trading strategy is the 4h time frame, but the strategy can be used on the daily and weekly time frame as well. Step 2 Wait for the price to Break below the Middle Bollinger Bands After we touched the upper Bollinger Band , we want to see confirmation that we indeed are in overbought territory and the market is about to reverse. The logical filter, in this case, is to look after a break below the middle Bollinger Band . This break below middle Bollinger Bands is a clear signal in the shift in market sentiment. We at Trading Strategy Guides don’t trade breakouts without disseminating weather or that there are real buyer/sellers – in our case, sellers – behind the breakout which brings to the next step of our simple swing trading strategy. Step 3 Swing Trading Indicator: The Breakout Candle needs to be a Big Bold Candle that closes near the Low Range of the Candlestick. Sell at the Close of the Breakout Candle So far our favorite swing trading indicator has correctly predicted this sell-off, but we’re going to use a very simple candlestick based method for our entry trigger. In this regard, we want to see a big bold bearish candle that breaks below the middle Bollinger Band . The second element of this candlestick based method is that we need the breakout candle to close near the low range of the candlestick . This is indicative of strong sellers, which really want to drive this currency pair much lower. Step 4 We hide our Protective Stop Loss above the Breakout Candle The breakout candle has a lot of significance because we’ve used it in our candlestick based entry method. We assumed that this candle shows the presence of real sellers in the market. If the high of this candle were to be broken, it’s clear enough that this is simply a fake breakout as there are no real sellers. Step 5 Take Profit once we break and close back below the middle Bollinger Bands or with a 3 to 1 risk ratio. In this particular case we’re looking at a short trading example. So, if the price breaks back above the middle Bollinger Banks it’s time to get worried and take our profits as it can signal a reversal or if our 3 to 1 risk ratio has hit. The reason why we get profit here is quite easy to understand as we want to book the profits at the early sign the market is ready to roll over. Note The above was an example of a SELL trade. Use the same rules – but in reverse – for a BUY trade.
Short
by Tradingstrategyguides
ALTCOIN OF THE WEEK: XMRUSD 1H EUROPE UPDATEEvery week, for one particular altcoin, in addition to the chart that I upload on TradingView, I will put the comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 15/04/2018-21/04/2018, I propose XMRUSD XMRUSD 1H EUROPE UPDATE - 19/04/2018 Monero is struggling in the final phase. 215.99 is a soft support and price can go lower from current level without changing the view. As long as the cycle is alive, I expect a new high. I would not chase here and I don't like to sell either green 3. Cycle in 4h is already mature in a corrective 3 waves structure that already reached equal leg area. So ideally, green 3 would be above 261.84 to give conviction for a motive 5 waves from the 159.97 low. Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
XLong
by The_202_Quants
ALTCOIN OF THE WEEK: XMRUSD 1H UPDATEEvery week, for one particular altcoin, in addition to the chart that I upload on TradingView, I will put the comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 15/04/2018-21/04/2018, I propose XMRUSD XMRUSD 1H ASIA UPDATE - 19/04/2018 Monero started a new cycle from 188.15 low in the form of 3 sequences for now. Cycle from 07/04/2018 is already mature and can end anytime. The push to 239.12 is also in a 3 waves so I need to see a new high with RSI divergence to ensure that sequence from 215.99 low is a 5th wave (red -5-). Break below 215.99 low would signal the sequence from 188.15 is completed and therefore cycle from 07/04/2018 low as well and bears would have the upper hand again. So, the plan is to wait for the cycle to end with RSI divergence to confirm motive 5 waves and the I will buy lower, OR be sidelined and see what the price is doing in coming session. I would not sell monero here. I remind that in a motive 5 waves there is no bullish/bearish sequence anymore after wave 3 is completed so when you want to buy the 4th wave there is no support except the extension Fib levels (not retracement) so I will never chase this one (the 5th is where smart money is already gone) Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
XLong
by The_202_Quants
GBP : SELLTRADE PARAMETERS Pick Date : 03/22/18 Entry : 1.4300 Stop : 1.4325 Target : 1.3900 TRADE STRATEGY Income Type : Swing ENTRY 1.4300 is an un-tested 1H supply zone outside of the range. Will be doing a set and forget limit order. Price will need to have a strong move into the zone. STOP 1.4325 is 25 PIPs right outside of the high for some protection. When I trade GBP I usually have a wider stop but will position size accordingly. TARGET 1.3900 is 400 PIPs down in a daily demand area with several 4H demand zone nested. Price will struggle to break the first test.
Short
by 33788