NZDCHF Setting Up For Another Sell-OffOn the daily timeframe NZDCHF has been decreasing. We can see a clear lower low and lower high. I'm interested in this setup because. I just lost a 4 hour trade which means price is retracing.
If price continues to retrace and can stay below 0.58632, I'll be looking for a sell.
What can invalidate this trade?
1. If price does not come back to my estimation zone I will not be triggered into the trade which means price is still moving down.
2. If I am triggered into the trade and price passes 0.58632, I'll be stopped out of the HTF trade. This means price can potentially go higher and I must readjust.
Am I ok with the invalidations?
Yes. they are what keep protect me from overtrading and tell me how I should adapt.
How am I managing the trade?
This setup is a 2.24 risk to reward setup. This means whatever my position size is I will gain double and more on the trade.
I don't risk more than 1% on an trade.
So if I were to risk 1% my reward will be 2.24%.
I risked 0.50% my reward will be 1.12%
Whatever I risk is my loss and I am ok with what that is.
My goal is to lose what I risk or lose no money at all by setting break even points if price moves in profit.
I do believe it's important to set all parameters before entering trades.
My belief: I deserve to sleep peaceful at night while my trades run.
Well, this is my analysis after losing my first trade. I'm excited to keep this journey going.
Safe trading. Be blessed.
Shaquan
CNN
Dollar Multi-Timeframe and TMP AnalysisThe dollar has been ranging for well over a week. This could be price bottoming out, but before we make that assumption, there are steps in between before knowing for sure where the dollar wants to go next.
My dear traders, if you like this idea or want to share your kind value, place it in the comment section below and like the idea. I appreciate you 😌
BLOK, DROP & POP UPGood morning,
Innovation fuels the new market and design of this everchanging environment we call crypto. BLOK, a recent release, has been surging and has only recently let up for what seems to catch a bit of breath of fresh air before it continues into the marathon of crypto trading. Do you see BLOK becoming a new foundation in the crypto market, or is it just "another brick in the wall?" Please let me know in the comments.
BTC AI PredictionI've been running several algo's (only super_simplified versions here on TV) at the same time attempting to compute Probability distributions (DL based on SVM) of a mean reversion for COINBASE:BTCUSD at this level, and using Convolutional neural networks, to map current price action patterns with historic chart patterns across multiple sectors.
Here's the Alpha:
According to my model we should see a retest of the 54k-55k level before rejecting and correcting down to the mid 30k's.
Note: Probability theory is just PROBABILITY. Nothing is for sure. Human emotions are too random to accurately predict.
:)
MM
CNN : - the only way is UP Babee you and me now ,,,nobody wants to buy me ..why ? because im cheap ...? hmm (the only way is UP - buy low sell hi :)
Content Neutrality Network (CNN) | FREE TRADING SIGNALPair: CNN/BTC
Exchange: Huobi
Trade Duration: Medium
Risk: Moderate
Signal Strength: High
Introduction
Content Neutrality Network (CNN) is an innovative content ecosystem based on Blockchain technology. It solves various issues existing in the current content system through blockchain’s advanced features such as consensus mechanism and smart contract, aiming to create a more open, efficient and trustworthy content era.
See attached chart for Technical Analysis
Our Entry Zone
0.0000000400 - 0.0000000470
Our Targets
1: 0.0000000700
2: 0.0000000900
3: 0.0000001400+
Our Stop Loss: 0.0000000356
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Axsonex Team
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SUB potential break out.the market is trying to break the sma support.
MACD shows a possible break out too.
RSI is above 50, this is good.
Substratum is gaining popularity for few months.
there will be a CNN exposure in the course of april.
So a lot of things to be optimistic with SUB.