Activetrade
pennant and flag pole $INDEX:BTCUSDpotential 80k move when we test resistance of a bullish pennant and flag pole on the btc chart.
Currently we are running into the order book filling anything below 59k showing us the confidence isnt shaken in the bull run, We will have to be careful not to put ourselves in a position where we get stuck in a losing position, Currently I am Long, active trade INDEX:BTCUSD
Buy Gold 1937! Next Move...^_+Yesterday, we sold at the 1937 resistance level, but the price subsequently broke to new highs, resulting in a -30 pip loss on our 1937 sell position. With the price now above this former resistance level, we anticipate it to act as a new support. Our strategy is to initiate buy positions at 1937 with a stop-loss set at 1934. As previously mentioned, our target for these buy positions in gold is set at 1961. Best of luck with your trades!
AUDJPY Bullish Breakout Triggered - 4HR The Bullish setup on the 4HR got triggered. During the setup (green shaded area) 2 trades were possible: A pullback trade, with entry at the MTF levels (PB line), and the usual breakout trade at the breakout. Targeting the next MTF levels at 80.863 and 83.960. Trail the stop as the trade develops
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Stay calm, and happy trading!
USDJPY POTENTIAL SETUPI am currently backtesting something rolled on, seems fascinating.
1 hour - if you look closely, you can recognize that price action has its own market cycle but seems to complete the fib.
- To understand where the trend is, i use the 8EMA as a guide to understand how big the waves are occuring.
Calming the StormUp? FOMO? Higher? MOON?!?
Down? Bear? Crash? DJIA?
There is a ton of nonsense out there guys. A ton of people trying to tell you how to trade. Whatever side you're on, I think you should hang out. Things are starting to look like there is some positivism back in BTC. If you're long here, stay long -- I don't see anything to turn you around.
If you're short (God bless you) I don't think I'd be holding a short position here...but you have some data on your side.
Being neutral is OK. Waiting for the confirmation before you jump is perfectly acceptable - there are others with you.
Lets look at it together and see how we "feel" about BTC!
The Chart from The "Real - Time" VideoThis is the 30 minute chart from the Real - Time video. I'm just leaving it here so you can check back to see how our little chart did, and which way it went.
A few things you should answer before clicking play
Which way did you think it would go from our work in the video?
Did you agree with our indicators, marks of support and resistance -- what did you think should have been changed?
What overall feeling did you have of the state of the market?
Do you feel like this phase is cotrolled by Accumulators? Or Distributors (Bears vs. Bulls)
Formulating a Strategy - BTCHow do we make a strategy?
Get your Pencils out yall! We have to look around, take a look at the history, and see how we can capture some profit in the asset class. Its important to formulate a strategy by letting the chart show you what indicators worked historically. Some people like to use indicators like crazy and THEN backtest them. Perhaps that works...
We're not doing that today. Today, we're going to let the chart speak to us; and then we're going to come up with a hairbrained idea based on what the chart has to say. We can polish that idea later, the important part is to give ourself a simple framework to work from.
Lets do it!
EURAUD ACTIVE TRADE SELL # RetracementPrice @ 1.54895 - Monthly Major Support
Down Trend from recent Swing High/ 3rd point of touch on the down trend line
.50 Retracement of Down AB Swing
Stop 15 Pip of recent high and Take Profit 0.618 Fib Level of last up AB Swing
Stop 181 Pips
Take Profit 294 Pips