Followthetrend
ETHUSD - Elliot target next for Uptrend predicting.1- Elliot's target is for those who like to hold orders long.
2- The goal of the day is for those who like to hit short.
3- Moving stop loss for those who are patient with risk management.
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In the upcoming sharing, I will introduce how to calculate Elliot wave targets.
* The result are reported below is "3- Moving stop loss for those who are patient with risk management"
BTCUSD - Follow trend by Keltner Channel 23 Sep 20201. How to use Keltner Channel
a_ Length of Keltner's basis line is 50. It gives the best result in finding rule of BTCUSD.
b_ How to confirms a trend.
- Upper 2 is used to confirm Keltner channel at Uptrend.
- Lower 2 is used to confirm Keltner channel at Downtrend.
c. How to determine a swing Entry.
_ Upper 1 is used to buy when the market make a corrective.
_ Lower 1 is used to sell when the market make a corrective.
2. Long signal is confirmed when Closed of candle crossover the Upper 2.
3. Short signal is confirmed when Closed of candle crossunder the Lower 2.
4. Stoploss is calculated by the price closed candle +/- the value of Average true range (length=20 bars)
Stoploss = previous Close +/- atr(20)x2
-> To move the stoploss every 1 hour.
5. Filter the Candle is over 93% for Not Entry.
Trucking Along The SPY - 06/12/20 RECAPHi traders,
After an indecisive start of Friday's trading and one false breakout later, I managed to both enter and exit pretty nicely in MGM, making it probably the nices trade of the month. Ending up slightly down for the week though.
Trades:
1) MRO - LONG @6.81, -0.70%
2) MGM - SHORT @19.09, +2%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +1.30%
Total PnL for the week: -2.04%
Good trades,
Tom | FINEIGHT
AAP Signaled multiple times with a target price of $146+Bought in AAP here. 1st target price is $146+ based on my proprietary signals I coded into pine editor. Candlestick patterns are indicating a run up. Typically the patterns can take up to 45 days, but usually a lot sooner. I don't mind tho. Gives me opportunity to accumulate.
Keep an eye on this one. Second target is $148
I have my call options and I'm ready to go!
NYSE:AAP
USD/CAD USD/CAD in a clear down trend on Daily TF, Switch to the 1hr TF wait for RETRACEMENT from the downward movement to the area of value (Rectangle) and set a alert to enter/ Look for Shooting star long wick patterns ( strong rejection) or a bearish engulfing candle for confirmation to enter trade!
Any questions comment and I'll reply.
I WARNED you: It's a BULL TREND.Today SPX killed a lot of bears. It’s impressive, and I understand the bear’s point. With all the problems the world is facing right now, how could this bull trend persist? Well, I have no idea, all I know it is a bull trend and that’s what I’ve been warning you guys since I started to write my analyses here. First, I invite you to follow me to keep updated about our trades and analyses, I’m every day here, and I’m sure you’ll find something interesting.
Those who follows me know that I’m a bull, I have my portfolio and I bought more stocks on Friday. Check my social media for more details. My stocks are performing very well, thank you very much, despite of my personal beliefs about the market. As I said, I get the bears, but my trading style is reactive, not predictive , and I just do what the chart tell me to do. I’ll talk openly about my stocks in future posts. I’ve already analyzed two of them here (links below), but the remaining I just mentioned briefly on my social media, so remember to follow me there too!
Now SPX is testing a resistance zone again, which is the previous tops and the 61.8% fib retracement, and it did a higher high than these tops. All of this are very strong bullish signs, and it seems it will close slightly above the fib retracement. A stronger bullish sign would be if it close above the higher high of Apr 29’s candle, but that’s ok. At the hourly chart you can see my concerns:
The price found support at the “support zone” and did a false breakout of the purple trendline. Now we see that it is very important for the price to close above this pink line (Apr. 29 top), because the market may see a triple top here, and this could sink the price all the way back to the “support zone”. In any case, I wouldn’t short SPX to hedge my positions, I prefer to buy VIX, but only tomorrow we will know if the bulls will win this battle.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
On course to hit another TP 🔥🥵🤑This is a trade I took earlier and hopefully you took the same trade when I sent out my signal. If not then hit that follow button, on absolute fire this week 🔥🔥🔥
So looking at the chart guys, higher highs and higher lows being made, very simple stuff. This tells us the trade is still valid and is still moving in that uptrend.
We almost had a perfect entry 🤑, be sure to hit that follow button and don’t miss out on another trade.
Trade currently sitting around the 35pip mark, just under half way to the TP, aiming for around 80-90pips. SL sitting at break even but with be trailing my stop loss soon.
Consider following 🙏🏻
Risk management is key 🔑
Stay profitable 🤑
On course to hit TP🤑🔥🥵 higher highs lower lows being madeJust a quick update on the trade I took earlier and hopefully you took it to, if not make sure to follow to get these signals, been on absolute fire 🔥 this week.
So enough chat, looking at the chart, very simple stuff guys, we can see ‘higher highs’ & ‘higher lows’ being made. Tells us this trade is still valid, still in a beautiful uptrend, and guys we pretty much got a perfect entry on this trade.
Around 35pips profit so far, TP is set at around 90pips I believe, SL currently at break even looking to move around 15pip area. Dont miss another one off my signals hit that follow button and lets get these pips!! 🔥🤑🔥🤑
BTCUSD: possible long scnearioTechnically speaking, BTC has broken out from the triangle chart pattern on 4h timeframe...
...so entering from around 6600 with S/L around 5650 and T/P around 9200 (previous March high) price levels provides decent R:R opportunity.
Fundamentally, BTC was under pressure as other major markets and I am not sure we are not going to see lower levels in the coming days/weeks, but before that another bull rally is quite possible.
Keep in mind, that It's important to follow predefined risk and money management rules.
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BE FLEXIBLE , TRADING IS FOREVER CHANGING - SP500Good Day Traders!
Congrats to those who made money following our calls! 💰💰💰
Simply following us and we will get you guys our latest updates FOR FREE! Go to the link below & hit the " FOLLOW " button right now !
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Below is our latest call, and if you are following us, you are IN THE MONEY RIGHT NOW. 💰💰💰 📈📈📈 TVC:SPX
👉https://www.tradingview.com/chart/SPXUSD/TlMBSxNi-HOW-TO-MAKE-MONEY-ON-SP500/
"Your strategy has to be flexible enough to change when the environment changes" - Mark Weinstein
Yesterday, US equity market rebounded after Fed offered to buy unlimited amounts of assets to steady markets and expanded its mandate to corporate bonds.
HOWEVER, all gains was erased and SP500 closed in negative territory again. (SIGN OF WEAKNESS - SHORT)
THE TREND IS STILL DOWNTREND , lasted more than a month ➡️ SUPER BEARISH ➡️ SHORT
White boxes (shown in the chart) is expanding. Volatility is expected in the next few days. Opportunities are only for the people who are prepared.
Hit like and comment if you agree with our ideas !!
Follow us Rule_no1 so we can get you our latest updates !
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Happy Trading :)
DISCLAIMER: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Trade at your own risk.
RVNUSDT: possible buy opportunityThe price is above 200 MA and can reach previous high above it.
EMA indicator also bullish.
Entering the market from around 0.0148 price level with S/L below 0.012 and 0.0283 T/P provides decent R:R.
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LTCUSD: possible buy opportunityCryptocurrency market also crashed and didn't act as safe-heaven asset-class...
ETC lost more than 50% of it's value in March.
At the moment it's moving sideways in a triangle, accumulating longs?
EMA indicator is bullish.
Entering the market from around 5 price level with S/L below 4.5 and T/P above 7 provides decent R:R.
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USOIL: #stayhome effect Oil prices have dropped more than 50% in March (yearly performance is around-62,1%). Is it the end or are we going to see more downside movement?
Let's assume this is another opportunity for joining bears, based on technical analysis (thoughts) you can see on the chart.
How much lower can the price go? Can it reach the lows of 1999?
My answer is: why not?
Most of developed countries are on quarantine #stayhome and the supply wasn't cut by OPEC.
The major US indices, including DJI, S&P500 and Nasdaq, have fallen in the following order: 35%, 30% and 25%. While different sectors and industries in the US have the following yearly performance so far:
1. Energy minerals sector (931,2B MKT CAP): -58,04%, out of which e.g.:
-Coal Industry: -69,17%
-Oil & Gas production Industry: -62,67%
-Integrated oil Industry: -57,05%
-Oil Refining/Marketing: - 55,7%
2. Industrial Services Sector (515,96B MKT CAP): -36,09%, out of which e.g.:
-Oilfield Services/Equipment Industry: -60,01%
-Oil&Gas Pipelines Industry: -42,93%
3. Process Industries Sector (681,34B MKT CAP):-27,36%, out of which e.g.:
-Pulp&Paper Industry: -50,05%
-Chemicals: Major Diversified Industry: -49,87%
-Agricultural Commodities/Milling: -41,45%
4. Non-Energy Minerals Sector (476,43B MKT CAP): -25,73%, out of which e.g.:
-Steel Industry: -48,32%
-Other Metals/Minerals: -40,16%
-Aluminium: -39,87%
5. Transportation sector (569,48B MKT CAP): -23,84%, out of which e.g.:
-Airlines industy: -49,2%
6. Finance sector (6038,64B MKT CAP): -23,12%, out of which e.g.:
-Life/Health Insurance Industry: -37,69%
-Real Estate Development Industry: -37,64%
-Financial Conglomerates Industry: -34,83%
-Major Banks Industry: -31,13%
7. Consumer Services sector (1481,09B MKT CAP): -21,53%, out of which e.g.:
-Hotels/Resorts/Cruise Lines Industry: -43,78%
-Casinos/Gaming Industry: -34,22%
8. Producer Manufacturing sector (1030,45B MKT CAP): -21,02%, out of which e.g.:
-Auto Parts: OEM Industry: -34.64%
-Metal Fabrication Industry: -33,09%
-Industrial Conglomerates Industry: -31,72%
It's quite interesting when and how these industries will be able to recover, but I am quite sure it's a great opportunity to start analyzing particular companies and building portfolio with these businesses.
This is going to be my next step...
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