Buying Intraday USDJPY pullbacks USDJPY is holding the Daily chart breakout. Intraday pullbacks are buyable...
Femaletrader
Still short EURUSDSee my previous post entry in the 1.10800 area for more detail. Playing the tops & bottoms of the blue channel. Short term profits will be taken at bottom blue line. Hoping for failure of that area & long term profits at the retest of the purple line.
USDZAR color coordinating analysis1. I like trading USDZAR because of the large movement potential. Same reason I like trading Bitcoin, not because the currency is realistic as a monetary replacement to the dollar. I am, however, in support of block-chain technology because of its utility in health & data storage. NOWHERE on the stock market will you see regular moves so big for maximizing profit potentials (on a swing or day trade basis). I've been trading 10 years, take my word...
2. I like to color coordinate my charts. The GREEN line lets me know where the most recent long-term support is located. I say long-term because this is a 4 hour chart. Movements between tops & bottoms of channels could take weeks or months. As a day trader, a price move taking weeks is "long-term" for me. Technically, its more like medium-term, as a genuine "long-term" analysis would be based off a weekly or monthly chart time frame. The GOLD line is a "short-term" area of resistance that may present a problem for price to re-test the most recent high (The RED line). The RED line is the most recent resistance area (again, based on this 4 hour chart). The purple line is the 1st place I'd be expecting to take some profits, as the chart's history has made it clear that this is a price level that more traders are willing to sell.
3. MY STRATEGY: In most of my posts, you'll see that I mainly trade from tops to bottoms of channels. Selling the "highs" & buying the "lows". I'm not here to teach you how to trade, I'll make videos after I'm done pursuing some personal goals of mine. However, the more you look at my chart drawings & other traders who use trend lines & trend channels, you'll begin to see the simple trading patterns that emerge on every trading chart in the world. I color coordinate my lines so that every few hours or few days, they can serve as land-markers to remind me of where price is, where its been, & where its potentially going.
Trading is simple, yet being patient for price to test potential reversal zones is what's difficult. Every technical analysis strategy in the world begins with this foundation. A trader's ability to consistently wait patiently for patterns to form, price levels to be tested, & trade what's seen (not assumed) will be the key to long-term success. A lack of discipline will see a trader frustrated & wanting to quit before they can even see their own potential...thanks for checking out my trades!
BTC to retest $13,000BTC has held crucial levels & held above key long term moving averages. After retesting the top of this current channel it has formed, a breakout will see BTC continue its uptrend. Holding above $13,000 will see BTC back up in the $20K range by 2021 without much resistance.
The moving averages I have here are based on harmonic principles of 3, 6, & 9.
Still long GOLD, since 2009 [DETAILED]Gold is still a preferred long term asset for wealthy individuals & governments. I've been long since I got into financial markets back in 2008. A wealthy client of mine (whom I did sports recovery on from a Pro Baseball career) suggested I buy gold back then. I had no idea about it, I just bought it & held on. I sold it around 2011 to start another business & have continued to be an investor/trader since.
Currently awaiting to continue buying pullbacks to the (long term) green line. This is a wealth play that I expect to simply hold long term. I BUY PHYSICAL GOLD & track the price value with the chart. You must understand market economics & the historical valuation of GOLD to understand why I approach it this way. GOLD IS NOT A "SAVE THE DAY" ASSET. It is simply a part of a long term asset building strategy to add to a balanced portfolio.
EURUSD 2014 selloff DETAILED ANALYSISEURUSD to continue sell off. Red lines indicate resistance/supply levels. Purple lines indicate possible profit levels or reversal to retest the highs. Seeing how weak the pair was from the move between 2014-15, today's entry would be a continuation of that weakness. Price could retest the Purple lines & reverse to retest the most recent daily high of 1.25438. At which point, I'd be looking for yet another sell re-entry, expecting the trend to continue downward, ultimately making a new low & continuing further. This original impulse move could easily see itself doubled in the next year or 2. This is an easy entry play for profits in a long term portfolio approach.
I'll be approaching this trade in a with a position building technique, similar to a Warren Buffet style. Selling the highs, building the position ate every re-test of the high, as the long term chart has signaled continued weakness.
I don't like a lot of indicators on my charts. The least amount of lines, the better you can step back & see the bigger picture. Volume doesn't even move my decisions in the longer term picture. Large buyers gain the edge by hiding their volume, so why heavily consider it?...
Beware BTCI took some profits from the recent entry a few days ago. If we cant get above 8840, we will retest the lows & ultimately, if they fail, BTC wont stop until the $3000 area. Don't fight the trend, be disciplined about seeing what the chart is really saying. Continuing to fail previous highs are warning signs that investors are selling their positions. Be patient for price to retest previous buy/support/demand zones. BTC is just one of those over-rated assets that can become a falling knife really fast. Don't keep trying to catch it, just wait to see how price reacts to buy/support/demand zones.
BTC Price channels & profit targetsGreen lines are support, red lines are potential resistance. Purple line is 1st profit target.
BTC is holding a parallel channel inside a descending channel. Price continuing to hold above the green line will signal a potential channel break of the upper Red line, marking the supply zone of the descending channel. Break & hold of this descending channel will have BTC primed to retest the purple line, as previous supply. Price remains above the 50SMA signaling the bulls still have momentum.
btc dead...There has not been enough buying of btc to hold price above crucial levels. Unless it retests the green line & can hold above the gold, btc is dead (long term). I've been catching some day trades here & there but still not convinced enough to HODL...
BTC to test a key Weekly levelThe white lines wrap around recent high & low levels, forming a sideways channel. If BTC holds above the bottom white line, it should continue moving up to retest the top white line. The top white line is a key Weekly resistance level that we must break above & hold. If price does, this indicates a continuation of BTC’s uptrend.
4hr long term BTC levels, channelLonger term view of BTC. BTC remaining above the green lines indicate that price will continue to rise. A failure of the Red line will mean traders are selling shares. If price can’t get above & hold above Red line, we will see BTC fall below $7k. This whole process will take ate least a week to play out. Buy the lows, sell the highs...don’t be greedy.
1HR BTC BUY ZONEPullbacks into the 1hr buy zones are buyable. Short term profit targets are the purple lines. Price holding above all these lines will see a move back to retest the high. Falure of the 1st purple line will see BTC continue to retest the current low or fall below $7k. In that event, the trade will fail & I'll exit the position.
BTC Long term SHORT, short term LONG.Red lines indicate BTC is set to fall over the long term. Green lines are buy zones where price may find temporary support for some short term profits. With the recent week's price action, BTC isn't seeing enough buyers stepping in at these levels to make a new high yet. This could change if BTC manages to hold above the downward sloping channel (above the top Red diagonal line). If this happens, BTC can be played as a "bull flag" pattern. The simple logic here is to play "buy the lows, sell the highs", meaning green lines to red lines. If you're a technical trader, don't get caught up in the news & gossip. Ultimate decisions by other investors show up in the chart when they put their money where their mouth is. Enter when you see them doing so...
Gold buy set upEvery wealthy person & government on the planet owns gold as apart of their asset portfolio. That’s all the explanation you’ll ever need for buying gold after breakouts on daily & weekly levels.
BTC 15min buy zone entry15min chart entry zone, drawn in green. 1st profit area is the recent high just above $12500.
btc holding supportgreen line is proving as support. a move back to the high is a potential reality...
Long GLDLong on gold at the break upward of this blue trend line. I’d rather get it on a pullback to the red line 200sma. Markets falling & other economic factors could easily see gold up to $1700 by next year.
Shorting stocks until 2020Unless price can hold above the green line, we’ll be shorting stocks until about March 2020. If you can’t short, buying a market inverse ETN like TVIX or the VIX will keep you in profits when markets fall...
BTC Setting up to fall for retestsThis is the 1 hour setup for BTC shorts. Next chart I post will be the daily levels price is trying to retest.
