Get started

Breakoutzone

ASCENDING TRIANGLE? HIGHER HIGHS LOWER LOWS - TAKE A LOOK!As you can see bitcoin is moving in an ascending triangle pattern which would indicate if this is true that we will see a few more dips, and potentially a break through up. Of course this pattern could be completely incorrect because of the 5000 bitcoin sell off for incorrect price in an attempt to manipulate the market, but still it is an interesting pattern, and would possibly confirm we are going up not down. this isn't meant to be used as advice for trading, but is for education purposes only. Let me know what you think!
BITFINEX:BTCUSDLong
by RsiWolf
The Ultimate Nasdaq Breakout Trading Plan [10x-100x Potential]I love penny stocks and small caps for so many reasons as a full-time retail trader. I don't wanna advocate it, or get philosophical if blue chips are better or not so let's just talk money. The volatility you observe on small caps are many times far greater than cryptocurrency itself, and it's far less popular, so less manipulation and fewer robots - most of my strategies and indica tors have clearer signals trading small caps. We are talking about a stock that was traded at $1000 and now is at $3.6, that's what I call a good range. The actual price is nothing less than 163% of the 52 weeks lowest low, once again, that's what I call a good range. That said, let's get at it. This is my basic trading setup, the left part of the screen is basically my screeners , I keep track of 20 assets that I previously filter with fundamental and news research. From those 20 filtered assets, it's where TA comes in handy. Spectrum Screener tells me without with one glance what I should look at now without wasting my time analyzing chart by chart. Usually, I pick the 4 best assets and divide my daily trading capital among those 4 positions. The position sizing has a very specific rule, where there are weights based on a grade that I give to each and every trade based on how likely I think that it will be correct. This asset had over $500k in traded volume that tells me I should not trade anything above $5k/daily to be able to enter and exit fast if needed. (1% of total daily volume) Now we know how much I'm trading, I take a look at the bigger timeframe on the lowest right chart(D) - that will give me the overall idea of what is going on and what strategy I'll choose. Once I knew it was a breakout, I picked one of my strategies that I think fitted best and I'm following it. The way I do it is through a smaller timeframe chart, so that gives me more precision with my entry price. The Gray Breakout lines are not aligned at the same price because the D was unprecise and I like to use price lines with high + low / 2. I like how it gives you a better overall idea but it's not really good for final entry/exit prices, you want to use it to understand what you're dealing with and what strategy you should use - lines are great for that, also H+L/2 removes a lot of noise. That said the rest is really self-explanatory. ATM I'm up more than ~+4% and my stop-loss is set for a ~+1.5% profit, I do that to not transfer a winning trade in a loss. By raising my stop-loss I get rid of amateur losses and let me eliminate unnecessary risk. Let's say we get stopped and I'm out with +1.5% profit, there are two scenarios the asset dives down and we avoid a horrible situation or it goes back up. In case it does go back up we already have a minefield of buy-limit orders and even a small order stop-buy order on the stop-loss level just in case we miss the bottom. In this way, we eliminate all the downside and only get in when risk is minimal once again. Now the strategy is pretty simple and we use just a few simple yet robust features from Spectro M . The volume analyzer, Specter Clouds, XConfirmations Reversal Warnings and the classic Spectro Oscillator itself. How I used them is explained and compared in the chart. You can use this similar approach for other breakouts. Also, raise your stop-loss wisely. In this topic, I'll not discuss risk management so pick your favorite protect-profit strategy.
RLong
by spectertrading
technical break in the Dollar Index, sustainable?In the past week we have seen a textbook technical break in the DXY on wednesday, with a test of the 91.00 (resistance turning support) on thursday, prior to pushing the market higher. On friday however, during London opening hours the price surged higher, but quickly lost appetite and slipped slightly lower than the opening price. A very clear Shooting Star candle appeared on the Daily candle. At the moment, the shooting star does not mean much yet, we will have to await confirmation on Monday, if price fails to break the high of friday, we might find ourselves back within the range of 2018. It could be that the 91.00 level offers support to the bulls which could lead to a retest/break of the high. Only time will tell, but i wouldn't treat it as a definitive break, just my2cents.
TVC:DXY
by Jeremy_van_der_Staaij
TWE Simple AnalysisThis is my first published idea so be kind. Always appreciate feedback. This is not financial advise, just my thoughts and opinions. TWE is looking good after a brief period of consolidation around the 17 mark. It has rising volume and is showing signs of a good move up early next week. Today the price moved well above the recent consolidation zone (see chart). Today's volume is still a little low for me to say it is a confirmed breakout. All indicators showing an upward trend (see chart). I will be keeping an eye on this one next week and if it continues it's move up with good volume I will be going long on TWE. Happy hunting, John
ASX:TWE
by JWB26
BREAKOUT VS FAKE-OUTWe all know that markets can be a pain to trade when they are in a period of consolidation and choppiness. One trade that often appears during such environments is the breakout trade - something I'm sure most of you have traded before. Breakouts often occur when choppy markets are transitioning to a trending market. If executed correctly, they can be great opportunities to catch the beginning of a new trend, or a continuation of an old one. But no good breakout trade comes without having sent traders on a wild goose chase. Sharp spikes above consolidation zones often come crashing back down, leaving some traders scratching their heads as their profits are eaten away and close, in many cases, for a small loss, only to miss the ACTUAL breakout and feel annoyed at having missed out on cold hard cash. So how to avoid fake-outs? Follow these points and you'll be in a good position to catch those pesky breakouts at the right time: - Wait for price to consolidate in a box between two zones - The box should have at least two touches on both zones - Wait for price to break beyond one of the zones - Once price returns back to the consolidation box, wait for the market to retest the edge of the box - For sell trades, place an entry at the low of the strong candlestick after the retouch, and for buy trades, place an entry above the high of the strong candlestick after retouch - Place stop loss in the midpoint of the consolidation box - The profit target is the nearest major support and resistance level You may find that the trade fails even after applying ALL of the points. Remember that no trade is guaranteed but as traders, we want to put ourselves into the best position possible to make a valid entry. I hope this helps and good look trading those sideways markets, AvidTrader
by avidtrader89
intraday setup banknifty channel modeI wander why people think nifty/banknifty in bearish mode.. today banknifty was in red but it doesn't mean its bearish. its moving in perfect channel mode and i depicted all posiblitiles. the trigger for short only when it break the trendline. level are different and the short setup will depend on how it open tomorrow. there is very simple setup for banknifty i.e. ORB which i play most of the time and its very good and profitable. ( just need patient)
NSE:BANKNIFTYShort
by AvinashGaikwad
1
Is this the moment we've been waiting for??It doesn't get much easier than this, USDCAD just broke and retested lower trend line & demand zone with tons of space to the downside. I'll be looking to enter once 1.31000 (psychological level) breaks again, with long term targets toward 1.25000 (approx 600 pips). However I'm being cautious with this though, because price could also just bounce off demand & retest the .50 prz to create a triple top or lower highs. With a swing trade like this you don't want to jump in too early, because stop loss placement could easily be around 200 pips, and that's a tough loss to take, no matter what your position size is. Hindsight is 20/20 #GoodLuck
Short
by jonathanwright
2