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Entry

High Probability Entry using Shoulders and Price ActionWhat we term as a 'shoulder' (Lower High/Higher Low) is a prime entry setup with statistically high probability. The important thing to note is that it is used in conjunction with price action to correctly identity when traders are being 'caught off-guard' on the wrong side of the action and forced to close. We like to term it the 'sweaty palm' feeling when you begin to realize that you are wrong and have to start to look for the exits and minimize losses. In the example on the German DAX index, there were some great opportunities to sell (off the shoulders when sellers stepped in at lower levels and buyers were forced to bail) with a defined risk profile that paid out handsomely...if you are able yo define the key zones and when traders will be put under pressure. Hope this helps and Happy Trading....TradeSetup.
EUREX:FDAX1!Education
by TradeTheStructure
How do YOU trade harmonics?? So guys, there a tons of way to trade harmonic patterns.... in the end most of them fail so how do people trade them successfully... I myself decided to look into different approaches to trading harmonics. I have looked at tons of charts on different timeframes and i found an approach I was not able to find online anywhere for some reason... (wonder why) I have never seen a trading strategy that could provide you with this amount of RRR. The risk per trade is absolutely minimum, while the return is maximum. The process is quite simple, and im sure this is what most of the real traders out there are doing, and probably charging thousands and thousands of dollars for teaching this to people. But its all good! First you must find a harmonic pattern. This should be easy with all the software out there. (some guy said you take the ''art'' out of trading by doing this, please don't be that guy) For this approach, price will have to see a retracement greater then 50% of CD in the harmonic pattern. if price retraces down to the 61.8% this will follow with a pullback to 23.6%. Afterwards price will come down at touch the 23.6%, (sometimes a few pips above or below) to trigger all the pending orders. Price will fight its way up to touch the 127.2% extension, while finding support at fibonacci retracements greater then the initial 23.6% ( it will not go under this level! ) If price retraces down to the 78.6%, it is considered strong and the move is expected to turn at 161.8% In some cases the move will go much higher, extending up to 4.618% (!!?) Same approach for bearish situation. Now the price does not always retrace to those exact levels, but when it does you can be 100% sure that it will happen. With this approach you will have signals, confirmations and entry points based on pure data! If you happen to find this approach useful, give the post a like and comment below with your ideas. God bless
Education
by MikulovicFOREX
ZScaler at volume support with possible upward catalystZScaler plummeted last week after the company issued 2020 earnings guidance well below Wall Street's expectations. The company's fourth-quarter earnings handily beat Street expectations and its revenue guidance is in line with expectations, but it forecast earnings of only 12-15 cents per share versus Street expectations of 19 cents per share. In part that's because of the high cost of sales and marketing, which account for a whopping 57% of revenue! The stock has significant support around $49-50, and on Tuesday it announced a product collaboration with Crowdstrike. Like ZScaler, Crowdstrike also took a hit recently due to earnings guidance below expectations. The collaboration could serve as a catalyst for both companies, although it probably won't translate into revenue anytime soon. Analysts consider ZScaler's evaluation to still be pretty high, with a price-to-sales ratio of 16. A break of my red trend line would be bullish for the stock, but I'd like to see a further pullback to the stronger volume support at 39.62 before entry.
NASDAQ:ZS
by ChristopherCarrollSmith
2
bitcoin, nice spot for a longIt looks like BTC took the more bullish pattern. It just tapped on resistance, CCI about to roll up, nice spot for a long today. If you like my calls, you can see more of them, all my sweet entries, and learn more about trading at my discord Verbatim Crypto Calls discord.gg just click the invite link or message me @VErbadoo#0847 Or if you wanna sponsor me use my ref code for Primexbt primexbt.com Great liquidity, great fees and doesn't overload like bitmex
BITSTAMP:BTCUSDLong
by VErbadoo
BTC breakoutBitcoin breakout expected! Descending triangle formation is coming to a close with touches to break 38.2% fib level. Volume has begun to slowly pick up with an engulfing candle appearing after a doji. This is also after a consolidation after a pullback from testing the 78% level Should expect a breakout to push upwards to 12,000 at least may see further. Entry should be coming within next few days once triangle is broken effectively. Definitely bullish, however DYOR.
COINBASE:BTCUSDLong
by brendan_ellich
99 EMA very low risk BTC longThe teal 99 EMA will be confluent with the .886 on this harmonic pattern. I will be taking a long position at this point if we get at least a 4hr candle close here. This pattern and entry will become invalid if BTC does not bounce off the 99 EMA. The "D" point of this pattern could be the 786 or 886, if BTC continues to consolidate as it has, then it will likely create some type of lower high so be wary and ready to take profit. Not financial advice take this entry at your own risk.
COINBASE:BTCUSDLong
by BreakfastScrub
1
EURGBP short Focused Fortune FXupdate after some pound weakness, we can consider the entry point until now as a drawback phase. as trade setup still completely correlates with what was suggested yesterday night before some pound weakness through the night (germany calling out bo-jo). We can see nothing was anything major or significant therefore we do not need to worry for any reversals as such just now as the pullback currently looks like a retest of the broken ascending channel. Perks of swing trading is holding positions for a longer period to receive a larger benefit from the trade. Patience is key. Some big Euro data due over the next week including ECB interest rates too as well as UK data.
Short
by tradingandy12345
Trade Idea on "EURCHF" / Short Setup / by Thinking Ants Main items we can see on the 4hs Chart: 1)Price is on a Flag pattern formation that found support on a major Daily Zone 2)Flag Patterns are considered continuation structures 3)Currently, the main form is a descending channel in which the Flag pattern is on it. Based on that if The price breaks out from the Flag pattern, we expect a continuation of the bearish movement towards the lower trendline of the descending channel Daily Vision: On the Daily Chart, we can see how the Flag pattern is making a pullback over the major corrective structure in between the 2 Impulsive waves AB and CD(On current formation) that give us strong support for the Trade Idea.
Short
by ThinkingAntsOk