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Correction or local Double TOP? A key place for crypto! 🌖😱Our Ripple token is in the place I expected from the bottom. We pierced the bottom line of the annual flag briefly, but fell out of formation and hugged underneath it. This is where everything will be decided. If we go up again and then break the top line of the flag, I will be very convinced of the increase to $ 4.5 However, if the bulls do not have enough strength, I predict a descent even to the last dips and lower. Remember about STOP LOSSES set for your strategy. I'm bullish on XRP for the long term and will never sell these coins from the SPOT wallet. Comment and like, Good luck!
Short
by SayMoney
1
GBPCHF bearish analysisHello guys Everyone who is Elite member - wait for proving decision if price will close that way GBPCHF currency pair is at overall bearish trending and bearish territory, which means price might hit higher levels or break H4 lower low level correctly. If price will continue higher, we have to take advantage from buy side on daily chart. Daily chart giving us a possible swich at H4 lower low. If daily buyers will confirm it, then we have to follow analysis and swich H4 LL to daily LL. Keep that in mind. And this will be one of the facts why bearish targets might not be observed anymore. If price will break recent H4 lower low level correctly, then price is again headed to 1.21442 support level. Recommend trading beetween H4 and H1 timeframe. If price will stay stable bellow 1.21442 ''new resistance level'' we have to be aware of daily candle closing and structure too, before we are looking potencial target at 1.19941.
Short
by EliteFxAcademy
1
Dissecting a winning trade in $AEHR. What went wrong?Admittedly, not all of my trades will be correct. Even if they are correct, I will never be able to trade them perfectly. What I strive for is to be better than yesterday. Such is the case for my $AEHR trade. The marked areas are what I used to enter this stock, usually when volatility has died down. Tried to be as patient as I could by trailing my profit with 5 Day Moving Average. It worked for a time but my ride got cut short, leaving me in the dust at $13.50ish Maybe it was too tight of a trail profit to use. Nonetheless, that strategy has proved its worth in the past already. Currently missing out on a lot of gains from this. Will use this experience to improve my strategy further. This trade has made me around $30k. It's good but still a lot more to be improved. Thanks and good luck out there!
NASDAQ:AEHR
by kevvela
EURUSD - A choppy story..My favourite pair has been really nasty this week. Only Monday provided some great short setups, but I didn't have the chance to trade on that day. Tuesday was a complete mess. Of course, there were some little scalps, but nothing worth taking. We are having a lot of speeches this week, which I believe are causing that consolidation. Furthermore, the Monthly close is coming, so the market is slowing down just before that. Keep those factors in mind. As for the markup, I am expecting the market to play within the range probably. We have a sell and a buy area. I am favoring sells much more, because we are in a downtrend! So letting the market show me what it wants to do and only then I will strike. No trades still for me... It's painful and really challenging, but as a professional, you have to know when to engage and when to observe! Let me know how you find this week so far!
by TradingFanatic
1
TA: Trying to find the perfect entry point for a short.Note: I needed to publish this with 15m timeframe. But for best results (more exact values) I always draw the lines with 1m timeframe, and scale up to 15m for evaluation. The Theoretical Base: Mathematics. The basis of my approach is the infinitesimal calculus - remember math in school? The first derivative (D1) of a function is the rise of its curve (here: how much a price rises or falls), the second derivative (D2) corresponds to the trend of the curve rise - i.e. whether a curve is concave (rise decreases, the curve makes a "hump" and tops out) or convex (rise increases, with positive rise perhaps parabolic phase). The Road To Practice: Find It In The Chart D1 corresponds here with the angle of a trend line, which I put tangentially to the curve. In contrast to the other procedure with rising curves from above, with falling curves from below. About D2 at this point we only need to know here whether it is positive (curve convex) or negative (curve concave). If we compare the angle of two adjacent tangents, D2 corresponds approximately to the difference of both angles: If the angle decreases (as in the chart), D2 is negative, the curve is concave. Trade Point Definition The perfect trade point for entering a short is the point where D1 has become most close to zero and D2 is negative - the top of the curve segment, its upper reversal point. From there on, it goes down. The best TP for the exit is the point where D1 is most close to zero with positive D2 - the lowest point of the curve segment, its lower reversal point. Note: In practice, local highs in a downtrend are broad. I have written about the "slow death" on tops before. Those are well suited for the application of the technique described in here. On the other hand, local lows in a downtrend tend to be as narrow as a singularity and hence are hard to catch. I will write another idea later on how to approach them most closely. With this knowledge, I now try to find these two points by putting tangents to the price curve and comparing their slopes / angles. Of course, this can only be done approximately, because the price curve never runs smoothly like a sine, but oscillates in different timescales with different frequencies and these oscillations overlap to a chaotic oscillation. So I define the timeframe in which I want to trade and ignore higher timeframes for the creation of the tangents. Then I create approximated tangents (trendline tool) on the outside of each curve section, which connect the high point of each subordinate timeframe with the next, without intersecting the curve at any point.
KRAKEN:BTCUSDShort
by My2CentsOnBTC
1
When to enter? Does it even matter?With value investing everyone knows: Buy when there is blood in the street, when a good company has a P/E ratio of maybe under 10. But with currencies, other than the advice "50% to 61.8% fib" and a whole lot of troll "buy every bottom sell every top with the magic indicator or magic drawing on the chart" there is no common knowledge. We can look at this recent example where the price dropped, went sideways, and then dropped hard. We could keep looking at winning examples when selling or buying at the top of these bands or ~61.8% retracement The only way to know how good they are is by backtesting a large number and writing down the stats. But are there other ways to enter? Rather than write an entire novel with chapters I will simply go through a list of screenshots Some say it doesn't matter where you enter... It does and it doesn't, depends what you mean by that. First Second Third Fourth Fifth Sixth Seventh Eight Ninth Final This is all simplified to make my point, or points I guess. So you can't just say "entry doesn't matter". People that tried trading, failed, got into "holy grail" safe good boy passive S&P in the last 70 years averaged bla bla bla wake me up, they're the ones saying this. Oh so it does not matter if they buy a stock at a P/E of 8 or 280? Of course it matters!!! Entry matters! BUT where you enter EXACTLY does not matter. I'm not sure how to put it, but go through the examples and you see what I mean. Sometimes it matters, but even if you miss it there are other ones, and these entries are going to be at least a small area "of opportunity" anyway. Well it's more complicated than a "yes" or "no". There are plenty of ifs. And plenty of ways to approach this. Look, Warren Buffett bought too early or later and sold too early all the time. And? Most famous investor in the world. Is there an optimal super entry that gives better results than anything else? Statistically there has to be one, so yes. If we spend ages making stats and we find it do we know it will remain this particular one? Probably not... Can we find it without it just being hindsight bias? Probably not... Would having the mighty perfect entry (I didn't say find every exact bottom, that's not actually possible) make a big difference to our results? Lol you might go from 20% returns to 20.5%. Probably even less. The endless search for the holy entry newbs seem to all be obsessed with... Fool game. It's same as with video games, Starcraft, Lol, Dota, W3. Or chess... Newbs go "I will farm for 40 minutes full eco ignore military, full Nasus q, full catch his pawns, I'll be a monster and they'll see", 15 minutes later "Ok tough guy just wait late game you will feel sorry", 5 minutes later "Victory!" or "GG easy noob", 1 minute later "Report Nasus useless afk trash ebay account". Haha I laugh every time. They really make all the same type of newbie "late game" and "magnet logic" mistakes, 80% of retail FX goes into "day trading" because "hey I figured out I'll get more trades and therefore grow my account faster duh", "Hey you can't lose if you don't sell", "Hey I have this brilliant martingale average down", "Hey wassup wassup wassup I found a trick", "hey if I go for lots and lots of little wins, take my profit fast I'll win small but very often and scale", "hey if I run conservative robots that only return 1% but I run 500 of them...", "hey if I add all these conditions". What a circus. Miss the good old days. Can't humiliate noobs with trading their account is secret, they open their mouths when they get lucky then vanish, and it's not a 1 v 1 or 3 v 3 or whatever it's a 1 v whole market. Even if we cooperate and share ideas it's still a 10 v 10 million or idk. There is however the "bull vs bear" thing. But the Bitcoin bulls from 2018 from 15k to 3k almost all left (losers) and the few ones that stayed pretend they won (or they're too dumb to figure out they were on the wrong side of the market). S&P 500 bear tears are pretty delicious at the moment by the way. You both can say entry matters and entry doesn't matter and be mostly right. Don't waste too much time trying to perfect it. Calculating max risk, probabilities of drawdown, when to exit, when to hold, when to add, how to trail, correlations, those are at least as important as the entry. What I can say is entering very early, far from the stop, out of fear of missing out is bad, and entering very late for a giant risk to reward is greedy and bad. Around 50% retracement is often a good compromise. Stats will help choosing areas and price action (stats such as: over the past 10 years on breakouts would it work out to enter in the big red candle? How about on the previous low? How about 61% fib when the price reacts near the previous low? Etc). Entry doesn't go alone, for example when you average in a sideways within a trend well you'll want to move your stop each time you add according to your average price. That's a whole other subject. Coming up with a whole strategy even simple and even once you sort of understand the markets and have the basics of price action is still clearly going to take a couple hundred hours at best... Just writing this took me a little over 2 hours, and I rushed it, and I obviously don't start from scratch I researched all of this. Just writing an intro like this about entries and stops and targets and trends and pullbacks and breakouts and timeframes and risk and all the other stuff, not even with stats, that alone probably would take 100 hours by itself. How long it takes to convince yourself to hold winners and cut losers and quit a gambler mentality however = infinite time, just quit now you'll save time (thousands of hours!), investing is not for you. Oh and finally, an entry "signal" is a joke. You don't go from 0 to 100 "wow this would be a great buy because of this entry", that's beyond ridiculous. You are supposed to be watching something before getting in and waiting on certain conditions to enter (pullback after breakout), never heard of anyone that had "entry signals". When George Soros went short the GBP it was "because of the entry" but he had a whole theory. The "entry" wasn't a magical signal it's simply he was close to the floor, well ceiling, and had a big RR with big odds! And he explains how "I was selling weeks before", he actually "dollar cost averaged" as I explained. He didn't wait for a certain magical point, he wasn't greedy waiting for a 1 pip stop.
Education
by MrRenev
9
Bitcoin / USD - Reaching $50'000 today?The price is in an uptrend for the past 3 days (since Sept. 13) and broke to the upside the descending channel it was in. NOW For the past few hours, the price of Bitcoin has touched several times and struggle to break the resistance at $48750. This resistance is materialized by the SSB (Leading Span B) and Kijun on the 4H timeframe. Entry signal for a long and targets If we close on the 1H timeframe above $48750, our first target will be $49185, and the second target $49900. What do you think?
BINANCE:BTCUSDLong
by Stephane_ZH
Double bottom pattern in ANTUSDT ???With the Bitcoin trend is this will come true? Don't worry about that, u just need to know now is the same chart in Mar 24 (Ant test and failed support trend) this mean the bull run are starting. And next target is $6 If break 6$ e can expect min or more than $13 in this season Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed. Don't forget click like, it's a hug for me. Thank you!
ALong
by BMynameX
2