Top of short term ETH (Do not buy)From here ($200 levels) is one of the higher tops, there will be a retrace back to $140 levels, be careful with any margin positions going long, you should not be focusing on the higher numbers with big leverage, you will be wiped out. This is a selling level. Do not enter any buying position at the moment, there will be far better entry 30-40% lower.
Entry
Close to the top, do not buy.Do not buy here, it is very close to one of the strong resistance lines where it should start dropping, next level is 1.18 at least, before going further up. If you are insisting on trading at this time, you should sell it and not buy. Going down from 1.25 levels to 1.18.
TAL confident TRADE - INSIDERS FOMO entry???Hi traders,
this video is slightly different because I would like to show you, how I analyze the market.
Everything starts with fundamental analysis. INSIDERS are NOT my FRIENDS , but they know, what´s happening in their company. And I want to play like them .
TAL ( NYSE:TAL ) trade was really interesting for me. I saw higher prices and INSIDERS rapidly increased their LONG positions.
Compared to the SPY ( AMEX:SPY ) market, decline of TAL was very small! Another LONG sign.
Once we have the fundamental analysis done, we can move on to the Price Action analysis (Support/Resistance, trend-lines, value area, major highs/lows).
And what are the parameters of the trade I took?
Entry: 51.74
SL: 44
PT: 67.01
The video describes what am I focusing on in the markets and I hope it will help you in your own trading.
Good trading!
Jakub
FINEIGHT
EURJPY GO LONG! SET YOUR PO AT 116.459!So retrace now already in progress..
Best position to BUY or go long is at 116.459.
Blue line for layering area or entry.
Red for SL 115.959
Take profit will be at TP1, TP2, TP3
Posibility to go long due to daily show high rejection at support.
*Trade at your own risk. TAYOR!
*Use proper money management
Follow me if you like my idea
XAUUSD continues its uptrend?Yesterdays down move seems to have been a temporary sell off. This type of activity can easily confuse traders, forcing them to either exit their long positions, or sell short. The problem with this, is that NO LOW PIVOTS HAVE BEEN TAKEN OUT - implies the trend is still UP, until a signal says otherwise. Those who have been following LONG from 1500, hold, those looking for a long entry, currently have an opportunity to enter now. Good luck!
(4/4) CUP n HANDLE 85%, ENTRY OPPORTUNITIES AHEAD!Bulls play to 12K and beyond!
If we can just break past 10300....
We are just starting to make a handle, and maybe starting the bottom. If there is another significant impulse that pushes and keeps us below 8150, then the teacup pattern is unreliable.
I think there is a good chance that the price will continue to climb. If we can finish the handle pattern, the next resistance levels are at 11500/12000/13900. I think 11500 is highly likely, 12000 also possible, with 13900 unlikely.
There are two possible trades, an aggressive one now, and a more conservative one after the handle finishes a bottom.
Aggressive entry NOW until friday
8150 stop
Profit:
Target1 : 11500 - 11800
Target 2: 13800
Target 3: 20K
Patient entry @ 10300
stop @ 9600
It's important to let price test the previous high. If it falls short significantly, the price could collapse quickly. You also get the benefit of seeing more price action for confirmation signals. If the price hits 10300 and starts to break several supports, then the pattern is invalidated.
200 EMA - best use for entries!I don't use indicators, they're not my style, they lag, they repaint; and in my opinion they don't work.
The 200 EMA on DAILY can be useful because of how slow it is. We can use it to filter the direction of which way we trade.
Price ABOVE 200 ema = ONLY BUY
Price BELOW 200 ema = ONLY SELL
Then drop timeframes for your entries via your strategy whatever that may be. If your strategy says go long but price is below EMA, don't take the trade etc...
Ignore the EMA on other timeframes lower than the daily. You want a slow daily direction indicator.
Don't blindly trade this, wait until price is clearly past the EMA and maintaining a good distance from it.
Use it as a guideline if you struggle working out fundamentals to help you filter a direction to trade.
NOT TO REPLACE FUNDAMENTAL ANALYSIS!!!
My sell trade entry on CADJPYDear traders,
I posted a downward prediction on CADJPY. I found my perfect entry with TP and SL. I am sharing this among you guys. Good luck!!!
ENTRY: @82.310
TP: 81.215
SL: 82.675
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Guys if you like my ideas, please drop a like and follow me if u like my trades. Post comments about your idea too. We can manage the trade together.
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DISCLAIMER:
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This is just my personal opinion. Every trader is independent. Every trader has the freedom to place a trade in any direction.
Thank you for your support,
FX Specialist
BTC The best things come to those who waitWith everyone screaming long, 16k, ATH, Bull Run, Parabolic...
Pour yourself a glass of your favourite smooth bourbon on the rocks.
Sit back, zoom out and slowly take a sip.
There's no rush.
Just look at the volume profile.
Place your long orders below 5k.
The price should go a little lower than that for the entry of champions.
Check back next week.
Go enjoy your weekend.
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