Get started

DAY

EURUSD DAY DRAGON BULLISH REVERSAL PATTERNThis trade was brought to our attention by Tex3rdgen from the strike-trader-signals-chatroom. Here is his comments "I'm seeing a very definite Dragon Pattern on EURUSD daily chart. For those who haven't heard of it, it is a reversal pattern, it looks left with head at the top of a typical long neck with front feet lower than back feet with a hump in between. Confirmation comes at the break of the down TL drawn from back of head to back of hump. May confirm on Monday." Thanks Tex
Long
by Tradingstrategyguides
2
NZDUSD wave signalsI don't normally trade the NZDUSD but the chart looks very clean we the Pro-Trading System on it. Started to nibble on the short side today. I know the Dollar is playing out a 4th wave retracement and so we should be seeing the NZDUSD pushing higher but, we are I think this could be a good area to enter. Stop placement wouldn't be so far away and the reward would be down at wave 5. So good risk reward. I don't know how to put videos on here because I wanted to show you why and how I took 100 points out of oil this morning.
Short
by Leetrader
Watch for the live CAT bounceThis is a short term trade. to specify, short term meaning no more than 2 hour trade(Perhaps max) I'm pretty sure we break above the close Tuesdays 152.95. The quicker you are in the morning, the better. Hopefully we get a quick bounce off of 152.70s to launch into 153.50s. And the final reminder, this trade is no longer than 2 hours. At the very least, trail a stop loss just in case it runs beyond 153.70s. Lets see how I do on the CAT call(s)
NYSE:CATLong
by Pippylongstockings
POSSIBLE FUTURE FOR AUGJPY FIRST OF WEEKHere are some signs of possible bullish bias for next week for the AUDJPY Day Chart double bollinger bands - price closed above BB midline bullish bias 4H Chart - Macd crossed above zero line and Price closed above 100 sma bullish bias 1H showing possible bearish retracement back to the 50 sma area, macd over bought 15m showing possible bearish retracement back to 50/100 sma, macd over bought Take Profits will be in updates below
Long
by Tradingstrategyguides
Best Indicators for Day/Swing Traders and How to Use Them An Introduction This is a quick overview of three of the best trading indicators for day and swing traders alike. If you are a new trader then it is very important for you to understand that no indicator or oscillator is going to make you trade profitably immediately, so don’t go on a wild goose chase to find one that will. Learn a select few indicators and the methods and strategies to use them effectively. Master them, and then learn more. “Your strategy will be more profitable using fewer indicators that you have mastered. Then more indicators that you haven’t.” Let’s begin.
Education
by austindrysdale
4
GBPAUD 4H REVERSAL - DAY RANGE TRADESGBPAUD is in a Day range pattern Price is at the bottom of the range and also at a long term sup/res level Price can bounce off range bottom or breakout and continue the trend Day Breakout trade - Sell Stop @ 1.7520 Take Profit @ 1.7420 Watch Macd to cross below Red signal line - close trade if Macd crosses above Red signal line again 4H Reversal Trade 1st Buy Stop @ 1.7775 2nd Buy Stop @ 1.7805 3rd Buy Stop @ 1.7875 Take Profit 2 options Opt 1 - 1st and 2nd Trades take 1/2 profit at 50 pips each - run with balance to take profit Opt 2 - Run all 3 trades to take profit Take Profit @ 1.7920
by Tradingstrategyguides
3
Still Bearish on Day Chart BTCBTC price is currently being supported by 100 day EMA. Also large support exists given the price volume profile visible range around 8800. CMF looks to have hit the top and will now see more selling pressure as it declines. We are not seeing spikes and dips in the OBV so volume has been relatively constant. Ichimoku Cloud is in the red zone with the Base line (pink) still above the Conversion line (Orange), a bearish signal. Still a very bearish outlook on the Day chart. Price will need to break 12k for a bull reversal.
BITFINEX:BTCUSDShort
by KryptoKaro
TRADING THE INTRADAY TFs - 8 OPPORTUNITIES IN 1 DAY (MUST READ)I wish I could have posted this with the 5-minute timeframe because patterns appear clearer there, but to my realisation you actually cannot post something less than 15M, which does make sense, although Educational posts should be allowed to do that in my opinion. Anyway the purpose of this post is to basically demonstrate that intraday, or day-trading timeframes are also worth trading, given they fit your trading personality as well as having practiced well enough in order to trade them, because they are a totally different world. For some people these timeframes are way too fast so they rightfully choose not to trade them and instead stick with the higher ones, like the D, W, M etc. What is really frustrating though, is the fact that people who choose not to trade these timeframes, completely dismiss them saying that noone should trade them, because they are completely unreliable and un-tradeable. Now, it is true that these timeframes are harder to trade, and given their fast-paced nature they may seem as unreliable to some people but that does not mean that one cannot or should not trade them. Let's not forget about the fractal nature of the markets, and particularly speaking for Elliott Waves, which happens to be the core of my analysis. As taken from the book "...To say, the Dow Jones Industrial Average is in Minute Wave 'v' of Minor Wave '1' of Intermediate Wave (3) of Primary Wave '5' of Cycle Wave 'I' of Supercycle Wave (V), of the Grand Supercycle, is to identify a specific point along the progression of market history.." (Prechter and Frost, 1978). This chart demonstrates what was quoted above. Even though we are looking at the 15M timeframe something else is occurring in the 5M timeframe, just like something else is occurring in the W timeframe. The point I'm trying to make is the fact that whether it is the 5M, or 15m or even 1M does not constitute them invalid, or wrong or unreliable. Now looking at the chart we can see how valid patterns do form in the lower timeframes as well (again in the 5m it would have been much clearer but they can still be identified on the 15M) and had you been trading on that specific day you would have had 8 different opportunities to jump on a trade, even on a choppy sideways move like this one. Does it mean you should have taken all 8? No but my point is that opportunities do exist day in and day out, and day-trading is very plausible, given you have the right strategy and trading plan for yourself. Even if we take a simple example from other markets, consider Stocks, and particularly Penny Stocks (that are listed on the NYSE, ARCA & NASDAQ). I will not generalise or give this as a fact but judging from what I've seen the trading timeframes with those assets are mainly the 5-minute and 1-minute, which does make sense, because I don't know why one would want to buy and hold a penny stock. Concluding, I am not saying that one should just jump on the lower timeframes after reading this post and start trading them. It will take a lot of practice, and it's always wiser to master the higher timeframes, identify the patterns there and then scale down. But again trading these timeframes is very much possible. P.S I want to give my many thanks to @David_Giraldo, who has opened my eyes and made me realise that these timeframes are indeed tradeable, as I had also dismissed them from what I was hearing other people say. Go have check out his profile as you will learn a lot from him too. Bibliography: Prechter, R. and Frost, A. (1978). Elliott wave principle - A key to market behavior. 11th ed. Gainesville, Georgia USA: New Classics Library, p.28.
Education
by Aqua_Trader
6
FTSE 100:UKX On Critical Support: Key Day Ahead MondayFTSE 100:UKX Critical Support and Key Day ahead for FTSE At the beginning of the year FTSE was forecast to hit the upper parallel and a maximumhigh at 7818 before coming off again. It duly hit the upper parallel spot on butthe high was a few days earlier than anticipated and the eventual high was reached at 7778, some 40 points shy of maximum likely near- term upside. Since then it's fallen all the way back its start point for the year. Up 10% and back down 10% in 6 short weeks. The action looks unlikely to stop now. In fact it could be just beginning. Probably the greatest trader who ever lived, WD Gann, told us to measure time cycles from high to low and low to high as well as high to high and low to low and look for potential changes in trend as these hiddden cycles repeat themselves down through time. Previous cycle highs identified the exact date of the high in 2007 as well as the subsequent high reached in April 2015 just at the point that markets began a 10 month 20+% correction (for more details please PM) . This cycle marks the period from 10.03.09 major crash low through to the next major cycle low on 06.03.09. From major cycle low to low is 9 years ...which now brings us, after a 9 year long bull run, to the coming 23 to 27 days, culminating in the anniversary dates between 3rd march and 10th March 2018... FTSE is already teetering on the brink of critical support at 7092. It has to cling on here on Monday for any failure will tip this index into bearish territory and trigger a short back to 6868 at least - and then if this level in turn gives way back to 6680-6637. Beneath here the next major support potential lies at the lower parallel and below here at 5777. So if 7090 gives way on Monday by more than 10 points look to short this index with stops above 7099, targeting 6870 initially, then the 6680-6637 range if 6860 fails to hold during Monday. It's quite probable that should 7090 fail come Monday, this Index will fall away in stages to test the lower parallel at 6004 on around 5th March - and only then bounce away to the upside again.This will present some wonderful shorting opportunities along the descent. However, in the very near term it's likely that contrarian traders will look to go long here, simply because the stop is so close (20 points away maximum now) but ready to reverse short as above if 7090 gives way by more than 10 points. Time, as always, tells.
TVC:UKX
by sumastardon
DXY: Dollar Index trade set-ups todayDXY: Dollar Index - A Big day ahead for the Dollar Near term Key to Gold, WTI, Brent and Pairs The dollar is stooging around now having fought itself to near stand-still - it's likely to start moving in a tight 50 pip range at 89.30 above and 88.79 below - will whipsaw most likely later today...can play the whip if super slick (not me!) or can stand back and wait for the dust to settle.The key levels are shown on the chart...can dip to the blue support line below it at 88.79 today but must break it to retest the low...which must hold or we have a major near term selling climax likely down to 87.70 ish dynamic support (buy there if you see things stop sliding here) And on upside it has to clear and hold above the recent highs by more than 5 pips - so at 89.66 - and we should know then that the dollar is turning positive again - it should be safe to follow with stops a little below 89.28 when the trade gets triggered (stops are better judged by the individual though, depending on risk profile) Once the dust settles gold and pairs and oils can also be traded with more confidence too.
TVC:DXY
by sumastardon