Get started

1h

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
Next quick BTC / EUR "analysis"I don't really follow all technical analysis methos. How I do my predictions is based mostly on psychology. Patterns that look like they would repeat - but go the other way around just to form nice traps. And such. I do my chart analysis based on how I feel what could be right and so far I have been correct quite a few times. Not always being like 1min chart correct, but I'm okay with it. Enjoy my next prediction and take care of your money! If I am correct here, the following hours could get very very hard to do highly profitable trades with. I only see small buy & sell space to trade with in this longer drop scenario. Oh and by the way: My bear avatar doesn't mean I am always bearish. I'm bear / bull whatever the direction the charts go. Feel free to paste in your chart predictions in the comments! PS: Why is there no "psychology" category in the dropdown menu
by pewpewprofit
Approach the 1H OBV line??? Time to Change!Hello everyone this is my idea on Changing from LTCUSD to BTCUSD and vice versa that has been very profitable in this short term downtrend. In full disclosure I will personally probably not be trading this idea because there is a risk with it. The reason I say this is because if this OBV line breaks upward, LTCUSD is gonna run hard against BTCUSD and if you look at my other idea: you will see why I am not interested in taking the risk. But for now it is quite profitable and it has clearly worked the last few times it has happened. The basic idea is that as the OBV approaches my line, it is time to change your LTCUSD to BTCUSD, as it gets a large gap then it is time to change your BTCUSD back to LTCUSD. Pretty simple and highly profitable. As of right now, the trend says to change back to LTCUSD! Best of luck traders!
by thisismatt