#replay 72 - Three TapsWe got this three taps when I was reviewing the past chart. This could be taken at the swing high. Also from this, the tp should be set not too far after a harsh dump.
Fading
#replay 67 - Single ConfirmationA risky swing setup for the reversal pattern after MSB. This is not a pretty good example.
- The bar did not close above previous swing high.
- Major trend is still down.
EUR/USD Institutional Trading StrategyHello, guys! It's been a while since last I posted here on TradingView. I'm today releasing into the wild my trading strategy, key levels, order arrangement and overall method for trading specifically the EUR/USD, as I've specialised on trading this particular market 24/5 now. This is basically my level fading strategy and method to trade the Euro-Dollar, based off major daily round figures (even numbers), only using limit orders as entries, and stops above or below intermediary daily round figures (odd numbers). This is a time-tested strategy, it takes a great deal of discipline and patience, it carries a substantial amount of drawdown and with impending high-impact economic releases (Fed/ECB interest rate decisions, NFP and so on), which often result in impulsive trending phases, this is deadly and it is not recommended. This works well for swing/position traders just like myself, and for the EUR/USD overall.
Leave your comments on what you guys think about this strategy, its flaws and weaknesses, your experiences with similar range fading strategies, or any other kinds of feedback or questions that you might think of, I'll read every single one of them, that I guarantee.
See you all around and good trading :)
Bitcoin Resistance Worked - Short Trade 20190721UKSymbol: Bitcoin , XBTUSD , BTCUSD
Timeframe: 30M
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
Short Timeframe: Green - Red
Medieum Timeframe: 90m Yellow, 2H Lime - Yellow: Resistance worked, Breakout Fading
Long Timeframes – Context: Red – Bearish
SETUP: SHORT
ENTRY @ 10600-10800
SL @ 11101
T1 @ 10301
T2 @ 10151
T3 @ 10001
Manual Stop Conditions:
Yellow in 90m or 2H becomes Lime and keeps
Violent Price Swing Upward
I appreciate your like or comment. Welcome to share your idea here.
PM the author for a one-week free trial of " 9 Seasons Rainbow Multi TimeFrames Pattern ".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
WHAT ON EARTH IS CRAZY BOUGHT (LIME)?Overbought is well known by traders.
But, what on earth is "Crazy Bought"?
Before, it is hard to explain and let people understand "Crazy Bought".
After two days' pump and dump, it should be easier now.
Crazy Bought is a new term defined in "9 Seasons Rainbow Multiple Time Frames Pattern" Indicator, which is one of the 9 Seasons: Bull (Green), Bull Pullback (Light Green), Resistance / Overbought (Yellow), Crazy Bought (Lime), Neutral (White), Bear (Red) , Bear Bounce (Light Red), Support / Oversold (Blue), Crazy Sold (Fuchsia).
Definition: Crazy Bought (Lime): Price is going up in a high volatility , could be a valid breakout, or a Bull Trap.
Definition: Resistance / Overbought (Yellow): a resistance area , may become a Top, or be broken through.
Evolution of Crazy Bought(Lime):
When the resistance is broken through, Resistance / Overbought (Yellow) becomes Crazy Bought (Lime);
When the price stays above the range area, it is a successful breakout, Lime extends;
When the price rises to a new level and stays there, Crazy Bought (Lime) becomes Bull Pullback (Light Green);
When the price falls back into the range area, it is a fading breakout, Crazy Bought (Lime) turns back to Overbought (Yellow).
The value of Crazy Bought Signal for trading:
When Lime appears in shortest-term time frame, Long at once.
When Lime appears in medium-term or long-term time frame, wait for Long Signal in short-term time frame, whose ribbon becomes green, or using traditional MACD, RSI, STOCHASTIC, etc.
When Lime becomes Yellow, close Long Position, or do Short trade.
Lime in single ribbon is weak signal, Lime with specific Pattern has high probability for a profitable trade. (Please refer to other Tutorials about Pattern)
Stop Setting: set Stop under the upper border of the range, leave some space from it.
Market is complex, High Risk comes with High Reward. (For 90% of time)
Resistance / Overbought (Yellow) normally means Bull is exhausting on that time frame, so it is reasonable to Short; however, some hidden whales can manipulate/affect the price suddenly, esp in small time frame. When a short position is open with Yellow signal, always be ready to close it when Yellow becomes Lime.
Crazy Bought (Lime) normally means a breakout, so it is reasonable to Long; however, a breakout can be fading, so always be ready to close it when Lime reverses to Yellow.
PS:
I should have listened to the indicator, instead of my feeling.
My latest idea "BITCOIN IS WALKING BESIDE A CLIFF", should be renamed to "BITCOIN IS WALKING under A CLIFF". However, according to my theory, it is reasonable to open short position, because the indicator gave Resistance / Overbought (Yellow) signals in 85minute & 170minute time frames.
The problem is that, me, as the author of the indicator, didn't listen to the signals given by the indicator "9 Seasons Rainbow Multiple Time Frames Pattern".
One hour before the 1K pump, Yellow became Lime on both 85minute & 170minute time frames. While I chose to ignore it, because my feeling controlled me:
That day, I heart at least three experienced trader mentioned they were for Bear, which became a part of the source of my decision system;
It was near mid-night, I was tired and want to sleep, so I was lazy to reverse my point of view;
I believed altcoins move before Bitcoin, which is correct often, but not always.
To believe in the feeling, or the indicator, is a choice.
In addition, Crazy thing is good example of "High Risk comes with High Reward".
For details of the other 8 Seasons, please refer to the indicator page:
If you find this idea reasonable, please like it, I appreciate your thumbs up. People who like can ask for Three-Day free trial of "9 Seasons Rainbow Multiple Time Frames Pattern STANDARD Indicator" within 10 days since idea is published.
If you love it, or if you hate it, leave your comment or your point of view. People who comment can ask for One-Week free trial of -"9 Seasons Rainbow Multiple Time Frames Pattern STANDARD Indicator" within 10 days since idea is published.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
USOIL Potential Short Setup Seemingly there is another fading short setup coming up. The chart is self-explanatory, the levels are given and for now the only thing left to do is wait until the major bear angle is reached and look for an entry with a price action confirmation.
Shorting The Rising Wedge Possibly a wedge break here. A good R:R setup that is against the current trend. Lower probability though. The levels are given on the chart. Trade with care.
EURUSD DB Long Opportunity EURUSD is seemingly attracting demand around the 1.1300 double bottom area. The Median Line of this inside set is also tested here. If this area fails, sellers will target 1.1000-1.0800 for further downside. However there are good odds that this will get picked up here for at least a minor correction towards the 1.1475 area. Buying with stops below 1.1300 and looking for 1R-2R targets here.
Fading Short Entry EURUSD DailyEURUSD extended to the top of its trading range, the 127.20% extension reached and the higher Warning Line on this Schiff met. Seemingly this pair is done painting its second corrective bull leg. Bears will try to have a go at it, bulls will take some profits and that can result in this pair reaching the 1.1600 area. Selling short 1.1750 with a 70 pip stop above 1.1820 and looking for 1R-2R targets here seem reasonable.
DX Bull Leg Fading Short SetupDX is seemingly in an overextended bullish impulse leg. Fading short entry here would be premature. Waiting for the next weekly close and entering short if the close is bearish would increase the odds. Trading profitably, the higher TFs in particular, requires a lot of patience, sound risk & trade management techniques coupled with a clear understanding of probability vs R:R trading setups.
EURUSD Off Of Triple BottomEURUSD is has been trading lower along the supply line these last months. At this point, some demand is expected to enter this market, there is a triple bottom support area around 1.1515 and the overall trend seems to be overextended. There hasn't even been a pullback to 0.382 of the setup bear leg. Long entries around the triple bottom area with stops below 1.1470 and looking for 1.5R-2R targets seems reasonable at this point. Worth a try.
VIDEO ANALYSIS!This trade depends on how the market opens. I made this analysis this weekend :-)
Link to video: traderholic.com
