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Mr. Dax – get shorty (2)Hello everyone, Exactly as predicted in my last analysis (please check link below) Mr. Dax was moving up. I think it is a corrective wave 4, so the purple box in the chart is a decision-box. Either the Dax is changing its direction to a stable, impulsive uptrend (chance 25%, red line in the chart), or is completing the whole corrective pattern of one wave degree higher down to the yellow box (blue or green lines). The question is: in which wave degree we are in (cyan or purple). Scenario 1 – red line, chance 25% The high at 13.525 was wave 3 (cyan) and the correction pattern we are in since then is wave 4 (cyan). There is a chance, that we have seen the bottom of wave 4 (cyan) already at 11.051. If so, we are in an uptrend already. The purple box in the chart is the decision/sore point, because if the will fail at 12.120 this scenario will be invalidated. Scenario 2 – blue line, chance 35% The high at 13.525 was wave 3 of a higher wave degree (dark green in square brackets) and the corrective pattern we are in since then is wave 4 of this wave degree – there is more space to the downside! If so, we are in the last impulsive structure (wave C of 4 as a five-wave-structure) down to complete wave 4 at around 10.400/10.200. Scenario 3 – green line, chance 40% The same wave degree as described in scenario 2, but with much more downforce. Wave 4 (dark green in square brackets) could easily end between 9.600 and 8.700! This we have to keep in mind. What do we do with this information: if the Dax will fail at 12.120, we could go short to catch the downtrend to the bottom of wave 4. If the Dax will go up, we have to recount and catch the next 1-2 wave setup. Please leave a comment or a message if you have any questions or other ideas! Take care, tgo
XETR:DAX
by TV_ACC_02
7
BTCUSD Long Setup - 4HR, Dust myself off and try againSetup : Got stopped out on the last trade because of an error I made (wrong stop loss). I'll evaluate the trade in a article later, so we can both discover where and why I went wrong. Correct position sizing saved me from any real trouble (countertrend trade, and only a minor pullback during the setup allowed me only take on very small risk). Now the situation is the same, only I saw a better pullback, and a reaction from the trend line which shows me strength. Also I can see a nice structural 1-1 move forming, something the markets like to make. Giving the same trade another shot, again, with correct position sizing. These are countertrend trades, so I size the risk at least at half the risk I would take on a trend trade. Trigger : Price breaks long level Target :Same targets as last trade. Look for indicator signals and price reaction at those levels Stop : I'm keeping a mental stop on this one. Liquidation level is below the daily lows. Again, position sizing allows me to do that.. If you enjoy these setups and analysis please like and subscribe, it’s the easiest way to support my work and spread the word to other traders :) If you want to tryout the indicator and strategy, follow me and drop a comment or pm and I’ll get you set up. Stay calm, and happy trading! More information on the indicator can be found below:
BITSTAMP:BTCUSDLong
by DariusZen
1
Stellar – When does the party start?Hello everyone, the final sell-off might be over now or in due time, I suppose. I see only two scenarios, which are most likely at the moment… Scenario 1 – blue line (chance 65%) xlm will crack against a significant fibo-cluster at 0.12 and then we will see an uprising. Maybe xlm is already starting, but we are not safe until pushing through 0.21. So be careful now! Scneario 2 – red line (chance 35%) Xlm is building the last impulsive wave down for a final sell-off to the region between 0.04 and 0.02 and will turn its direction form there massively. So or so, I believe, that we are in the final cascade of the correction-pattern! Take care tgo
BINANCE:XLMUSD
by TV_ACC_02
7
AUDUSD TESTINGHere we see two options; 1) a Long opportunity using the Ascending Triangle Pattern. Here we will wait for an upward break back into the support line. We then anticipate a rally up towards .72800 and prepare our entry and exit strategy. 2) a Short opportunity using the Double Top strategy. Price retests resistance line twice but is rejected back to midline. Slight breakthrough of support though currently retesting as resistance. Here we wait for an opening candle with a new low around .72200. We now prepare a short entry with our first target around .72100.
by veryrxre
Hurricane Energy PLC - Too early to enter?This is my first post, so I'll keep it short. My Impressions... Fundamentally: Bullish. This company is expected to start pumping oil in early 2019. Keep an eye on oil prices. Technically: After going below the 200MA on daily chart, I think there's strong potential to get a better entry so rather than illustrate a stop, I've attempted to include an accumulation zone in yellow. My trade: I'm long from 42.20 with only 10% of what I've set aside for this trade as I'm quite cautious when there's not really a strong Technical case to enter yet. If we move much lower I'll take the opportunity to lower my average cost. Timeline: Never can be 100% but I'm happy to sit back and see if I can improve my entry over the next few months.
HLong
by mackenzie7070
Ethereum – Turning point in front!Hello everyone, Eth does it as planned – it’s going down. I think we will see courses under $100 before eth will change its direction stable to the upside. The blue line in the chart will be the ideal structure to complete the last sequence of the correction pattern, which started at all-time high. The ideal touring point would be between $80 and $50. So, do not loose interest now, because I think that eth could easily built courses above $800 in the next month! I am sure, that the era of the cryptos isn’t over yet! Take care, tgo
BITFINEX:ETHUSD
by TV_ACC_02
4
NZD/USD... EDUCATION!!!!For example... One entry strategy.... Trading with precision. Have a setup based on larger structure and market analysis. Wait for a flag (potentially completed corrective wave)...... Look for price to break trend line (see wick)...... Let price pull back....Then place a sell stop order under wick for breakout. Stop loss above high of corrective wave...... Then, you have the whole when do you take profit and how, where and why do you get a trade at break even and let it run. Without that, you are just hoping, not being mathematical. Patience is a virtue. Most of the time, the market is just setting up.....
by thillygoosth
1
EUR/USD - Next decision point: 1.1432!Hello everyone, it seems that scenario 2 has made it (please check link below). Now the situation in the chart is not much easier, because there are two possibilities we should think of when trading eur/usd in the next days. Scenario 1 – blue line, chance 55% I still believe that we are in wave B (purple in brackets) of a huge correction pattern started at 1.25. We are now most likely in wave c of B. If this scenario will push through, I will give another update to catch the next turnaround. The next indicator for a decision is the level at 1.1432, if eur/usd is going through, we have a very good chance, that this scenario will make it. Scenario 2 – green line, chance 45% Maybe wave A (purple in brackets) hasn’t ended yet (at 1.13). If so, we are still in an impulsive 5-wave-structure downwards to complete wave 5 of 5 of A. If eur/usd will not go through 1.1432, this scenario will make it! I other words: please keep an eye at 1.1432! Please leave a comment or a message if you like! Take care, tgo
by TV_ACC_02
2
How to Trade Using Volume ProperlyWeakness = Up moves on decreasing volume & Down moves on increasing volume Strength = Up moves on increasing volume & Down moves on decreasing volume I usually try to take a look at the general background and get a feel on how weak or strong the currency pair is. When I have determined strength or weakness I will try to mark up confluent zones where sellers (if short) and buyers (if long) are going to jump in. When price reaches my confluent level, I will look at the 5M chart to pinpoint entry. Example will be given below, however, not on this chart as this is to old for me to find 5M data but I will give an example that is close enough. I have not marked any green areas (strength) on this chart after our short entry point.
Education
by naviafra
1
Stellar – Already started?Hello everyone, XLM maybe is one of the best starters in the crypto market. I see two scenarios in the chart… Scenario 1 – green line, chance 60% We have seen the bottom of the huge corrective wave 2 (blue in brackets) at 0.15 and since then XLM has built three 1-2 elliott wave setups. Now it seems that XLM is going in a stable uptrend – ideally as shown in the chart above (green line). Scenario 2 – red line, chance 40% Even though XLM is not looking bad at the moment, we have to keep in mind, that a final sell-off could easily surprise us. It is essential to cover all longpositions! Take care tgo
BINANCE:XLMUSD
by TV_ACC_02
WTI (CRUDEOIL) – Finally on the right side! (2)Hello everyone, WTI is one of the most exciting markets in 2018, I think. There were some trades with good profits, and now we have the chance to catch the final uptrend to 80$+, maybe 90$+. If my count is right, WTI is completing a wave 4 of higher wave degree (purple in brackets), as described in my last analysis (please check link below). A turnaround now would be perfect – in the middle of my blue trading box. Be careful, because there is much resistance on the upside, so the way up won’t be easy, but I think the uptrend will last several months. So this analysis is for all of you with long-term interests. Important: we have to keep in mind, that wave 4 has space until 56$, technically! Don’t hesitate to contact me, if you have any questions or other ideas! Take care tgo
TVC:USOILLong
by TV_ACC_02