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Euro can exit from pennant and rise to 1.0700 pointsHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price some days ago entered to range, where it at once fell to the resistance level, which coincided with the bottom part of the range. Then price bounced and in a short time rose to the top part of the range and some time traded near, after which it turned around and started to decline. In a short time price broke the 1.1005 resistance level, exited from range, and continued to decline inside the downward pennant. In this pattern, the EUR reached its current resistance level, which coincided with the seller zone, and then started to grow. Price rose to the resistance line and then made impulse down. Euro broke the 1.0760 level, but tried to back and failed, after which continued to decline to support line of the downward pennant. When the price reached this line it a not long time ago rebounded and now, I think that the Euro can exit from the pennant, make a retest or not, and continue to move up. For this case, I set my TP close current resistance level, at 1.0700 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
12
Salesforce (CRM): Potential bearish flag formingOne of our members asked for an analysis on Salesforce ( NYSE:CRM ), and we've taken a closer look at it. Initially, it's a bit challenging to see the full picture, but if our Elliott Wave count is accurate, we marked the end of wave (2) at $115.29 after establishing wave B, which was exactly between the 127.2% and 138% Fibonacci levels. It appears that wave 1 was put in with a new high slightly above wave B, taking out the resting liquidity (likely due to profit-taking and closing of long positions). Following this, there was a 33% drop, and here's where it gets tricky. Normally, we would expect this decline to continue, suggesting that the current rise is merely a relief pump. However, wave ((a)) perfectly touched the HVN POC, which indicates a slight chance that this could be the bottom. That said, we still believe that a continuation down to the 61.8-78.6% Fibonacci level is more likely. Zooming in on the blue-circled area, we notice a textbook bear flag pattern developing. While we don't typically trade based on chart patterns, it is difficult to ignore this one given its clear structure. It becomes even more significant if there is a wick above the upper trend line of the flag, which could trigger another sell-off by taking out the liquidation levels. Such a wick would also fully close the gap and enter our targeted area where we anticipate a possible reversal. To be clear, we are not trading this bear flag pattern or the targeted area just yet. Instead, we are using this setup as a means to validate whether our bearish outlook is correct or not. We’ll continue to monitor the development closely and provide updates as we gain more clarity.
NYSE:CRMShort
by freeguy_by_wmc
2
Risk Management: The Key to Trading SuccessCut the Cord: A Trader's Survival Guide How to Cut Losses Wisely: A Trader's Guide Mastering the Exit: A Trader's Handbook As a trader, it's inevitable to encounter losing trades. However, the key to success lies in how you manage these losses. By implementing effective strategies, you can minimize their impact and stay on track towards your financial goals. 1. Manage Your Risk: Never risk more than you can afford to lose. Diversify your portfolio, spread your investments across different assets, and avoid over-leveraging. By managing your risk, you can protect your capital and prevent a single losing trade from causing significant damage. 2. Set Stop-Loss Orders: Your stop-loss order acts as a safety net, protecting your capital from excessive losses. Determine a specific price point at which you'll exit a trade if it moves against you. This helps prevent emotional trading decisions and ensures you stay disciplined. 3. Consider Trailing Stop-Loss Orders: A trailing stop-loss is a dynamic order that adjusts automatically as the price moves in your favor. It allows you to lock in profits while still protecting against potential losses. This can be a valuable tool for managing your positions effectively. 4. Stick to Your Trading Plan: A well-defined trading plan is your roadmap to success. It outlines your strategies, risk management rules, and exit points. Adhering to your plan, even during challenging times, helps avoid impulsive decisions that can lead to further losses. 5. Stay Informed: Keep up-to-date with market news, economic indicators, and industry trends. Understanding the factors driving price movements can help you anticipate potential risks and make informed decisions. 6. Cut Your Losses Quickly: Don't hold onto losing trades in the hope that they will recover. Cut your losses promptly to minimize the damage and preserve your capital for future opportunities. 7. Learn from Your Mistakes: Every losing trade is an opportunity to learn and improve. Analyze your trades, identify the reasons for the losses, and adjust your strategies accordingly. By learning from your mistakes, you can become a more successful trader. 8. Take Breaks: Emotional fatigue can lead to poor decision-making. When you're feeling overwhelmed or stressed, take a break from trading to allow yourself time to recharge and regain perspective. 9. Seek Guidance: If you're struggling to manage losses or unsure about your trading strategies, consider seeking advice from a mentor or professional trader. They can provide valuable insights and help you develop effective risk management techniques. 10. Maintain a Positive Mindset: Trading can be emotionally challenging, but it's important to maintain a positive mindset. Focus on your long-term goals, learn from your setbacks, and believe in your ability to succeed. Remember, losing trades are a natural part of trading. By adopting these strategies, you can effectively manage your losses, protect your capital, and increase your chances of long-term success. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:NIFTYEducation
by RK_Chaarts
FREE - EURUSD - Key Levels Mapped Out In this post we have mapped out all of the major key levels to watch over the coming weeks for EURUSD. They comprise of Monthly, Yearly & Structural Major Key Levels essential for price action in EURUSD charts. For any new followers, you are able to use these key levels to guide your trading decisions and watch for how price reacts to them in order to place trades. Monthly Key Levels: Monthly key levels are important because they represent longer-term support and resistance levels. These levels are significant because they can provide traders with a better indication of where the market is likely to move next, and may be used as an entry or exit point for a trade. Long-term support and resistance levels can also be used to identify possible reversal areas and to set profit targets. Structural Key Levels: Structural key levels are important because they help traders identify potential areas of support and resistance. These areas are important because they provide insight into the underlying strength of a trend and can be used to identify potential entry and exit points. By analyzing these levels, traders can better determine when to enter or exit positions in order to maximize profits. Additionally, these levels can also be used to indicate when a trend is reversing, allowing traders to position themselves accordingly. Summary These are all important levels to be aware of when trading EURUSD. Being aware of these levels will help you to identify potential entry and exit points for your trades, as well as identify potential support and resistance levels. Additionally, it is important to remember that these are just a few of the key levels to watch out for, as there are many other levels that will be important to be aware of. Knowing these levels will help you to make informed trading decisions, and ultimately increase your chances of success in the market. I encourage you to like, follow, and share to stay up-to-date with the latest news and information on this chart throughout the week.
by JoelWarby
2
BITCOIN BULLS ARE PREPARING Last Week was Bullish Hopefully this week will be BULLISH too. I am looking @ BUYING @ 38K with Stops below 28K and target back above 45K and potentially back to 50 region again. I have some SHARK PATTERNS to support my Bias with a 88.6% deeper rejection of all our current consolidation patterns. Then we have some OrderBlocks that manages to break 3 4hours previous Highs which is a BULLISH Break of Structure. And once that has occured then you know from experience going back up above 45k will be easy cheezy. If my Bias above is right I will hold the firm believe that we can see a much more higher prices to BITCOIN to 92K which is very ambitious target and also I was researching the Thermocap Multiple which is Dividing Bitcoin price and cumulative miner reward yields the so called Thermocap Multiple and I found out that the BULL RUNS of bitcoin can effectively goes to $151k for the BULL CYCLE.The question is not if we are going to get there but when and the world can be crazy within a decade to ultimately put BITCOIN price close to $70K per bitcoin and therefore I see much upside potential for BTC.
Long
by LukmanBalogun
1
!!!!!! BTC EXIT PUMP !!!!!!!Its the whale fight to get the liquidity first --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- If you enjoyed this post and agree with me, a like and a sub would be very nice : ) If you have any other ideas or simply disagree, manifest yourself in the comments ⬇️⬇️⬇️ Stay updated for more content Have a nice Day : ) Bye! ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BITFINEX:BTCUSDShort
by xtekky
8
FTM Short - I like this project, however it looks a good entryFTM - A Fantastic, scaleable solution with better transactions, speed and breadth then ETH. I truly think this will be a Top 5 coin in the future. However, right now it does not present a good opportunity to enter. I have entered short at 2.7. It has held it's trend well recently but is overdue a correction. If it follows the rest of the market then this will break its upward support and fall down. The R:R is good here compared to many other cryptos which have already fallen dramatically.
BITFINEX:FTMUSDShort
by cheliosTD
3
ADAUSD Price Movements with RSIThis is going to be a short post where I explain the easiest way to know when to enter or exit at anytime. Everyone knows support and resistance levels are a great way to enter and exit, but what about smaller timeframes or ATHs? In general this will help you understand how to trade. Take a look at the RSI. You can easily trade on divergence. I like to enter on bullish hidden divergence and exit on bearish hidden divergence. Mostly because with hidden divergence the change in direction is very quick. If you take a look at the chart 30min timeframe, once you have an established bottom on RSI, the price during consolidation will be headed lower, so you know it will create another bottom on the RSI indicator. Once the RSI crosses the previous bottom, you can enter, and soon after, the price will move upwards. This can help you especially when entering and exiting during a continuation pattern like a flag. You can always do the opposite. I will take a look at the RSI at its previous peak, once the RSI crosses its last peak, I will exit. You will have to take a look a the timeframes and line up the RSI pattern and the consolidation price action to do this correctly. This is especially helpful when the price is reaching highs never before seen. For instance, I did this with KDA, I knew the price was likely not done moving because it had not crossed the previous peak on RSI. Once it crossed, I take profit and use the RSI to re-enter. I hope this helps. Once you understand this, you will know exactly where the price is going. When I make a discord and make the videos, I will show you how to do this. I hope you understand how to do this at least a little. Thanks again. By the way. ADA is still consolidating in the pattern. If you want the next target, measure the flagpole and add it to the top of the pole. It's that easy my friends! Thanks again! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
COINBASE:ADAUSDLong
by mysticalwalrus
18
The logic of "sell half keep half" (Forex)Both holding & not holding don't make sense. Definitions: - Holding = try to hit "homeruns" every time - Not holding = snatching profits at target (not before, that's just being a huge noob) Assume winners 5 times bigger than losers on average: 5R. And the winrate is of 20%. So that's a PF of 1.25, all good. To keep it simple there is no trailing until target. Risking 0.5% per trade you'll never be down more than 10%. Once at target if you move the stop to 1R (-4), 12% of the time the price will go to 45R. So risk 4 to make 40, or 1 to make 10. With a winrate of 12%. PF = 1.36. But if you do hold and trail well... 12% of 20% is 2.4% of total. 80% will be losers (-1R), 17.6% will be +1R, and only 2.4% will be (huge) winners. In other words: Risking 0.5% per trade, by the time you get that big winner (+22.5%) you will be down 15, 25, maybe 50% on a bad luck streak, or more. 22.5% is just enough to get to breakeven after an 18% drawdown. Compared to just lose 4 times (down to 98%) then win once 2.5% (up to 100.45%) Even after a 10% drawdown (an unlucky >20 losses in a row) get a few 5R's and you quickly get back to zero. Holding just makes little sense, and there is no margin for error. But at the same time it's stupid to ignore these big wins. So here is the solution: Sell half, keep half. (Or any other fraction). Selling half at target allows to smooth the returns. If they are too volatile it just won't work out. And keeping half first with a wide stop then maybe not as much, allows to catch the "big ones". This makes most sense even if "on paper" some will say "oh well you should go for the big ones if the odds are in your favor" lol sorry but it's a bit more complicated than this. More generally with Forex I think that any risk to reward under 1 to 2 is bad as is anything above 1 to 10. Can aim for the moon, but not all the time. The "sell half keep half" concept is the best compromise. Adding to winner at some point is too dangerous, it doesn't work, it's just greed. Adding to winners is another subject entirely and anyway there is nothing as a "just do this". It all must be researched and well thought. With this sell half concept you're securing 2.5 + 1.25 = 3.75 / 5R so that's 75% of the profit. Then risking 25% of profit to catch some of these massive winners is I think the smart move here. Profit is secured, to push this a bit further you might have thought of this already: secure enough profit to breakeven (on 20% winrate secure 4/5 R) and "go double or nothing" on the extra (1R). So it's as if in a way these big winners are "free". Risking 1R with 50% retracement means you're leaving 2R in or 2/5 = 40%. Pretty good. And then the account I showed turns to this: Isn't this the best? Sure you'll "only" be in the huge wins with maybe 1/3 of the normal size but it's how it is. This is not gambling. Really, there is no other choice in my opinion. Sort of go nowhere for a while, then boom get a big winner, account jumps up, then go nowhere for a while, etc. The risk all "double or nothing" is actually stupid even if "on paper" you are risking less than you stand to make. And constantly closing at target is just bad and leaving some profit on the table. This does not apply to stocks (sometimes it does, probably). To be honest with stocks you're better off holding everything and getting these zigzags and all so you always have (balanced out) losses ready to be declared, and the huge winners never ever getting closed.
Editors' picks
Education
by MrRenev
17
das experiment : Testing liquidity btc short ideaSo this is still a experimental, but has a high winning rate. (except a genius smoker changed his bio to btc and tweet about doge :) ) First of all, not a financial advice and make your own decision. Only you are responsible of your wins and losses. Price made a lower low, and and now bearishly retesting a pullback level. I put my asks to red box, and keep this position until I see a daily stop above stop level. This is a long term position so I'll use futures instead of swaps. And I'll use swaps to hedge on ltf supports.
BINANCE:BTCUSD.PShort
by priceactionTR1
9
ZEN/USDT Update: 100% Target reached. Take profit and leave.Our 100% Target for ZEN was reached. We don't have a lot of structure to go on with so we close this discussion here. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
SXP/USDT Update: Another 70% are baggedWe got the second perfect trading call and bagged another 70%. Since we don't have any USDT targets anymore we have to switch to BTC. We therefore close this series. I hope you enjoyed it and could take some profits out of it. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
4
How Do You Know When To Exit A Trade? Hey Traders 👋 Today I wanted to share with you a quick lesson that has helped me with knowing exactly when to enter and exit trades.... First: Add the 4 and 10 period moving averages to your chart Second: When the trend begins let your profits ride until either A) A Candle closed above or below the 10 moving average (you could close early, but its the most profitable exit) B) The 4 and the 10 MA cross back over eachother at candle close (less profitable, but more concrete) I hope this helps with increasing profit instead of hoping and guessing! Take a look for yourself and see if this is something that you want to implement on your charts and strategies!
Education
by renegadeforex
1
NIO: Afraid of a pullback? 3 strategies for you.Hello traders and investors! It seems nothing can make NIO drop! Let’s study some strategies we can use on it. First, as we discussed in my previous analysis, the pink line is the most important point in the short-term . It was a resistance, and now, it worked as a support for the stock. The 21 ema is also here to help hold the price, if it drops. One strategy you may use to help to control your anxiety level is to set a stop gain under the blue line at $ 34.94. If NIO closes under it, we may see a pullback to the pink line or to the 21 ema again. Another interesting strategy is to stop if NIO closes under the pink line. Because, if that happens, probably we’ll see a sharper pullback in the daily chart: A pullback to the green line at $ 29.40, or even to the 21 ema would be a healthy and natural movement for NIO, and these are targets if it loses the pink line. Another strategy you can use is to set a trailing stop at the previous day low. Meaning, if today it loses the $ 31.68, then just book your profits and buy it back when it hits the 21 ema. So far, neither of these points were lost, and NIO is in a strong bull trend, so we have nothing to worry here, but I hope these strategies will help you. And if you liked this analysis, please, support it ! And follow me to keep in touch with my daily studies. Trade well.
NYSE:NIO
by Nathan_The_Finance_Hydra
21
How to use the Oscar OscillatorOSCAR Oscillator by GenZai Green line is the Oscar Rough Red line is the Oscar By default based on the 8 last candles and smoothed using RMA Purple line is the Slow Oscar By default based on the 16 last candles and smoothed using WMA HOW TO USE Exit signaling This indicator can be used as an exit indicator when line cross each other. Entry signaling When the green line crosses up, it indicates a long entry When the red line crosses up, it indicates a short entry Overbought/Oversold When the indicator crosses the dashed grey lines it indicates Overbought Oversold Slow Oscar Add-on This is an Add-on to the orignal Oscar indicator Can be hidden if you want the original experience of the Oscar indicator. Can be used as a confirmation indicator by looking at the direction of the slope to verify is your are trending long or trending short. Can be used as a baseline to confirm signals given by Oscar Can be used to tweak your signals and test different settings. Stock or Forex? The program was originally written for stocks, but works equally well with the Forex market. How this indicator is calculated ? This is the formula we use to calculate the Oscar: let A = the highest high of the last eight days (including today) let B = the lowest low of the past eight days (including today) let C = today's closing price let X = yesterday's oscillator figure (Oscar) Today's "rough" oscillator equals (C-B) divided by (A-B) times 100. Next we "smooth" our rough number (let's call it Y) like this: Final oscillator number = ((X divided by 3) times 2), plus (Y divided by 3). SETTINGS: You can choose between different smoothing options: RMA: Moving average used in RSI. It is the Adjusted exponential moving averages (also known as Wilder's exponential moving average) SMA : Simple moving average EMA : Exponential moving average WMA : Weighted moving average The Script can be found here:
Education
by GenZai
5