Sorry if this is excessive.Not sure if I'm overdoing it here but looking for a bounce place to signal a potential rally. I suppose this arrow seems significant, does it say anything to you?
Beginner
Yes, might as well jump in here.This market is insane. I have been glued to charts for the last 3 weeks or so. I started this journey scrying US market data on Android trading apps supported by about 5 hours of life experience. With the immense support and guidance of others dropping breadcrumbs all along the way in cryptospace I've in the last few weeks learned to produce and talk about a charts (see image). I've also developed a craving for feedback and community support from those more insightful so someday I can confidently enable others. I am a passionate teacher. What an amazing time we live in. This revolution is an inspiration and already I find myself passionate about making it bigger and better as much as possible. I want to sink my teeth into this thing. Still shooting fast and loose today but we can focus that energy right? I hope this chart means something to you. I hope you help open my eyes into this amazing world. To the Moon. -DLM
Basic Buy Sell GuideBTCUSD
hello,
the jist is to buy when the price drops below the 100 day MA
and to sell after the RSI spikes 2-3 times
it's been a pattern lately, but of course it is affected by outside influences like the news, so it's not full proof :/
hope it's fairly simple & easy to use
-joie
First Trading Idea Demand Zone Confirmation. Learning how to draw support and resistance lines and Supply and Demand Zone. It has been tested and seems to be bullish. Another 100 pips in the uptrend will trigger my BUY STOP. Can continue to the first supply zone (.77222) or the second (.78662) for a good run.
If the alternative happens down the road during the first, or second supply zone, look for confirmation for a sell order.
BCH RSI+ analysis, not yet convincedAnalyzing the RSI's from right now they seem very similar to the shown recent times highlighted and circled, not sure whether it is a "false breakout" in the sense that it will return back to ~620 levels or if it's gone for good. I'm currently in a short position unfortunately and want to wait to see if it might return back. Only thing keeping me from cutting my losses and going long is the current lower bollinger band is quite flat and isn't getting the same incline it did on the last real breakout. if it passes USD $665+ however i will probably cut my losses and go long. if it breaks USD ~670 im expecting this to be the final wave 5 which would take us up to 750+ levels by the end of the week
Overall strategy is still long as we're in a nice uptrend, and from reading other's pro analyses, expecting to be 1000+ by end of year.
I know there aren't many tools used here, still a beginner and dont quite understand fib tools and such.
Just some of my thoughts, hopefully you guys can add your opinions too!
Thanks for reading!
TLDR; doubtful whether this breakout will sustain, will go long if it reaches $665 USD and wait for 750.
Trade 3 Eur/Pound short closed and looking to reneter higher So in this market : the market was flat lining a bit and I wanted to start fresh for this week so I closed my trade in profit of 40 plus pips and now looking at this pair making a higher correction where I will look to sell this pair again .
Points: this pair does move and with the right stop loss and supply and demand strategy along with trading psychology strategy along with money management.
Talking about money management I am culprit for this by over exposure and over leverage so my goal for myself is trade on any trade 1% of my account and max trade only 5 percent of my account with a draw down of 10% of total profits earned from the previous trading week. If I blow more than 10 percent of my profits I will close out of the market and stop trading and do something fun and creative .
Kris
www.mymentortv.com
LTC/USD to $65 and beyond?Bullish flag is identified and supported by Stochastic RSI in 4H about to cross. Overall, LTC been making higher lows and higher highs.
LTC/USD - 1D ChartHey Guys, I am new to trading and constructive criticism would be highly appreciated.
Findings:
- Bullish Penant at 1d LTCchart
- It looks like the correction has stopped at the bullish red support line (being rejected quite harshly twice)
- Stochastic RSI looks oversold and preparing to turn upward
Overall, I have been long since $42.2 and would add more positions as it goes up. In my opinion, this rally should bvreak 48.697 first otherwise there's a chance of a double top and then we may see it drops to the main (blue) trend line.
Overall TL, recent TL, KL, Fib - ShortLooking at monthly, creating a lower high.
On the daily, in recent down trend and at peak.
At peak on key line.
At .618 Fib retracement.
In sell nowI am in a sell position now and will watch the price near the bottom supporting trend line, expecting the price either to bump up and rise continue in the downtrend.
Possible scenarios there is the price will fall, retest and either continue down or go back in between the trend lines, that has been present there for a while.
Price needs to be watched closely and trade adjusted accordingly.
NZD USD at a temporary top -- 60 min (hourly)Be ready for mayhem to possibly ensue on 27 September 2016, the end of the Super Shemitah and end of the year of Jubilee.
See more info on the cyclical nature of the 7 year cycle and the 50 year super cycle.
investmentwatchblog.com
EURJPYYen pairs have been going down. Long opportunity when we reach the Monthly Support zone
Do not play around in no-mans land, wait it out.
USD/CAD Longer Timeframe S&R Test CaseBounce back from support, first time I try to trade on a bigger timeframe.
GBPUSH harmonicNote: This is a beginner's analysis. Harmonic patter on cable that I spotted. Harmonic completed perfectly and now its going the other way. Looking for it to break the first resistance in blue and then the golden one around 1.2500
4H trend continuationFirst post, don't really know what I'm doing. Would love feed back though.
Reasoning:
"Trends are more likely to continue then to reverse".
So i found a trend with the lowest lows hitting the bottom trend line, this is where the stop loss should be around, that could indicate a reversal or strong bear push back.
The target would be close to the trend line at the top, based on historical data.
Entry point would be to enter at trend like touch.
Thanks for looking.
EURUSD Chart Analysis and Strategy Implementation Lately I've been doing some chart analysis in the market using charts on the Daily Time-frames to identify it's trend. And slowly developing my own trading Strategy ( Semi Auto-Trading Ranging Market Strategy-SATRMS )
So I have identified that the EURUSD had been ranging for the past year or two (since 2015 till to date)
So I took the highest( 1.17143 ) and lowest( 1.03402 ) points of the current market since it started ranging to create a Boundary for my trading . And then split it up into zones where I will have a high chance of it respecting my setup. I identified 2 zones where I can implement my Ranging strategy setup.
Zone 1 ( 1.17143 to 1.10965 ) Orange Box
Zone 2 ( 1.10965 to 1.03402 ) Yellow Box.
Then I used the Fibonacci Retracement Tool to setup my Areas of Trades in each zones
So then I did a short back testing with about a total of 73 trades lasting about 7 months.
So within 7 months I had about 73 trades.
Then I did some calculation to identify it's Win/Loss ( 33:40 ) ratio
So overall the W:L Ratio is 45.20% out of the 73 trades with an average of 1.8 Risk/Reward Ratio on each trade, not that great but overall still a positive outcome.
Looking to improve my Semi Auto-Trading Ranging Strategy along the way but for now it's alright taking into consideration that there is a higher risk/reward of 1.8 so a 45% W:L provides a positive outcome.
But this is just for a ranging market but overall I can still implement a Trend following strategy within this Setup. And implement it into multiple Currencies if it's ranging in the longer term trends.
Purpose of Strategy: To create a Trading boundary in a ranging market and setup trigger points for trades to be open(Pending Orders) within the boundaries. So it acts like a Semi Auto-Trading Strategy where you just set trigger points for trades to be opened and just re-enter the pending orders once it's triggered and the trade has been closed.(it may be fully auto-trading but I don't know how to make a Trading robot yet)
Trades may last a few days or a whole week(Depends on the market)
Doesn't need to be re-analysed unless the major boundaries are broken which helps us indicate a possible transition of a Bullish or Bearish trending market(depending on which boundary is broken, Support or Resistance)
Reason for Daily Time-frame: I find that the daily time-frame helps me identify proper long term trends in the market that are more reliable for my trading compared to the lower time-frames.
For now that's the details i can provide to help explain this strategy that I use to plot my trades.
I will be sharing another post on this showing my Areas of trade executions and P:L ratios.
P.S Just sharing my ideas on my trading :) I hope you enjoyed reading this post
My idea on USD/CADread my username before you say that my chart is more than 50% correct, I am just learning here, and based on "technical analysis" I believe that it will go up!
