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XRPUSD (RIPPLE) POTENTIAL LONG OPPORTUNITY RIPPLE POTENTIAL LONG I have been monitoring the cryptocurrency markets lately and Ripple has now officially caught my attention, and I'm sure the attention of others, this is why I wanted to make a post on it. Based on this last weeks volume I had seen a very strong momentum push by the buyers showing me the very strong interest in a potential purchase in this currency pair. Lets take a look at my analysis on it ! 1W Chart: *if you look on the weekly chart you can see the biggest push of momentum in MONTHS *buyers had showed very strong interest from the .20-.25 cent and had sent price up into the .80 cent levels *weekly candle has left a very large and strong bullish candle 1D Chart: *on this chart price had broken structure around the .47 cent price area *look for a weak seller pullback if we see one back into the .47 cent price levels *watch for strong buyer momentum in this price are Always make sure to approach the markets with a consistent and disciplined approach. It's about letting the market tell YOU what it wants not YOU telling the market. Make sure to always implement good risk management into every trade and approach it as a strategic business decision. Keep an eye out ! Cheers! Please like and follow my page for more Trades on TradingView!
BITFINEX:XRPUSDLong
by JosePips
I closed my short position with profit of $2000/btc short!I'm sorry people, I swear I wouldn't have posted this if the candle didn't flip. I'm not trying to spam, honest. Anyways, I have officially closed my short position and added the $2000/btc short to my balance. As you may know, I was stopped out in my last small long position and I stand by my choice to make the buy. It may not make sense to most because I went in before confirmation, but I did it to minimize risk and catch potential upside. What you see now is interesting because at the moment, the daily candle is a bearish candle in a bullish setup. So what am I going to do? I'm going to stick to my strategy and buy even though it is a bearish candle. I have a strategy and I stick to it. I do NOT THINK the market will go up, at least, I'm not sure. And, this isn't some way to just take both sides of the action so I can't be wrong. This is just a very interesting scenario and I thought it would benefit you guys to see how I am going to handle it. I kind of hope I get stopped out again so that I can make you people realize the following TRUTH about successful traders: a succesful trader can be wrong most of the time and still make money. I know it sounds impossible, but I've had many long periods of red that were completely washed away by a large wave of green. The idea is to limit risk. That is what I do. I am not the best analyst here, I am not the smartest. That said, I have a pretty good combination of all the skills which I think is rare here. I also preach things that no one does like this: come up with a strategy, WRITE IT DOWN, and follow it always. This is the only way you can become a good trader: by constantly improving your strategy. I cannot predict price. I am not a genie. I don't know where the f**k it is going next. I don't and no one does. That doesn't matter though as long as I know two things: at what price the trade is invalid and what is the maximum risk I can take on a given trade. That's all you need to know. With all of this said: I am a buyer again! In the last trade, I actually didn't make a loss per se, it was a hedge. I won big overall as you can see in the title. If you look at when I went short, which can be verified, I went short at $8200. The current price is $6242. That is approximately $2000/btc short of profit. I am BETTER OFF after being wrong with my long position than I would have been if I was right. Why? because it was 1/20th of the open volume as my short. Even if you don't believe that and think I opened up a huge position, My stop loss was at $6150 and I opened it at $6350. A difference of $200. My gain was 10x my "loss." I can afford to be wrong 9 times in a row with the same risk limit and still break even. That is being right only 10% of the time and making money. See what I mean? This is how you become a good trader. I'm sorry to barrage you all with information, but these are the thoughts of someone who applies algorithms to make money. Thanks for reading guys, I promise no more posts for at least 24 hours. :) -YoungShkreli
BITFINEX:BTCUSDLong
by CantorTechnologies
23
CADJPY POTENTIAL FUTURE SHORTCADJPY POTENTIAL SHORT 1W Chart: *The weekly chart last week displayed very strong seller power resulting in a large push to the downside by sellers *The weekly had bearish engulfing candle with lower low lower close *Strong seller momentum for one week 1D Chart: *The daily chart is sitting at recent significant structure *Based on the weekly timeframe (big boy) it seems that we may see another selloff in this pair *Watch to see the buyers reaction at this level *Watch for a weak re-test of structure around handle 85.400 (show seller stronger) *Look to see how the 1D chart players react on the re-test (if there is one) as well as re-test of structure at the 85.400 handle 4H Chart: *Watch this chart to get better specifics on momentum of buyers and sellers *Use this timeframe to see how they react at structure, leading to see if this will be a good short or not! Remember to always to stay discipline with your trading plan when trading. Always make sure to implement proper risk management with every trade. Have a good risk/reward and never risk more than 2% of trading capital per trade. Cheers! Lets see what it does !
Short
by JosePips
2
USDCAD LONG POST ANALYSIS USDCAD BUY ANALYSIS 1D Chart: *Strong buyer trend to the upside *Institutional buyers on daily with strong momentum 4H Chart: *Strong push by the buyers *Aggressive V-formation with strong buyer strength *Higher High Higher close on 4H chart 1H Chart: *Precise entry and exit Always make sure to have a trading plan. Stay discipline to trade what you like and always apply good risk model. Good risk/reward and never risk more than 2% of trading capital per trade. Cheers!
by JosePips
Bullish EURUSD for August 14EURUSD's daily candle closed above the 5 EMA on Friday, August 11th. Therefore, I think it will close above the 5 EMA again. I will use fibs and fib extensions for order placement. Fib extensions range betwwen -4.236 and 4.236. Each fib line will contain 2 trades. One trade will have a 20 pip stop and a 60 pip take profit target. The second trade will have a 20 pip stop and no take profit. I plan to hold those with no take profit target for about 3 - 4 days. Risk per trade is 0.5% of week beginning account balance. Reward for each 60 pip take profit target is 1.5% of week beginning account balance.
Long
by BACapitalManagement