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Forex-gold

" Man, I'm Pretty "“Now remember, I do my best work when I’m being worshiped as a god.” — Johnny Bravo. Bitcoin king of crypto - doing it's best work, like the one man army it is! Although it's as clear as day, crypto is here to stay - we have to be willing to see some wood through the trees. Every now and again, we need a pullback. I have written several articles around the "buying the dip" logic for a pullback, why people get into crypto and of course - a ton of educational content here around Elliott and Wyckoff. See related ideas below; “So enough about me, let’s talk more about me.” — Johnny Bravo You have to see the logic here and understand - that the market is taking a well earned rest, it will continue. However, you also need to appreciate the Composite man concept, is going to make life difficult for retail traders. "Wanna see me comb my hair, really fast?” — Johnny Bravo When working with Elliott waves - it's an obvious move here, confirmed with tools such as Weis wave to give clarity of times on such moves. Take a look at this in the image above. It's there and obvious. -------------------------------------------------------------------------------- When the drop came - people where shocked, it really can't just go up forever and a day. If you go back and analyse the Wyckoff structure - you will notice the Buyers climax linked to the sharp drop off in the Blockfi positions. “Hey, Baby! Anybody ever tell you I have beautiful eyes?” — Johnny Bravo You need to look at the bigger picture, the much bigger picture. To the moon!!! I wasn't actually meaning just the moon calls - I was meaning, the psychology for the drop, the reload and the go again scenario. So although your all here waiting for Lambo's... You will see that composite man want's nothing more than to take your money, he knows how to play the game and is busy playing it. You might feel bored at the moment, jumping on every little move! “I may be late honey, but I’m looking good.” — Johnny Bravo So take a step back, wait for the market to give the confirmation. “This won’t end well.” — Johnny Bravo - not for many retail traders, that is for sure! So have a great weekend! Trade safe!!! “Thank you, thank you very much.” — Johnny Bravo Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
INDEX:BTCUSDLong
by Mayfair_Ventures
39
Battle of the AgesAs Retail traders continue their moon ticket purchasing & placing orders for Lambo's. The institutional players are fighting their own battle, waging war on retail. Its a story as old as time, trading is a constant fight - one man's loss, is another man's win! I have recently posted some logic as to the current situation, the time stamps, used every tool in the @TradingView arsenal. And some others. If you want to get a feel for where exactly we are on the roadmap you can watch a few of the last streams. I keep them short and on point to make them easier to absorb the information. Here are some posts deploying similar logic, including the update after the spike (click on the images to see inside) My business partner Paul wrote a great article on the target on Saylor's back. Although we might not get down as low, we still have to keep it in mind. In addition to this, the Wyckoff logic that enabled us to call the top - has some interesting levels near by and so far playing by the rules. For more on Wyckoff click this link or see in the related ideas. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Simple Higher or Lower lows and highs - show the character of Bitcoin currently. So although our view is Bullish overall - for now I feel we are still in a decent pullback on the weekly timeframe. Time wise - well 4's are often the most drawn out, due to the nature and logic of the profit taking and re-accumulation phase. We cover a load of educational content and aim to simplify the logic - But as clear as day, we can see why we are where we are. Safe trading & Have fun! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
16
XAUUSD | COULD THIS SQUEEZE LEAD TO ANOTHER BEAR MOVEMENTHey Traders, XAUUSD (gold) seems to be in a consolidation between 1810 - 1795 price level, if it manages to break through the recent support we will see a push exhaustion push scenario and likely going to fall down to test monthly moving averages. I've been in this trade for a while and have had good scalping opportunities while its consolidation like this, maybe try using a smaller timeframe with 9 moving average when it bounces off the top off consolidation for a good short trade. Please also remember, GOLD is usually a BUY trade its always better to buy rather than sell, however, it does have its bear runs and I believe the bear run has not yet finished. :)
FX:XAUUSDShort
by FX-TradingLions
xauusd wave c correction OANDA:XAUUSD wave c of ellliot going too complete but we have little uptrend and then chart goig to down trend moves until wave c complete after a little up trend we have falling trend but we have to wait until candles pull back the white support just like the blue arrow and then SELL wave C: logical wave c can fall on 1782.632(blue horizontall trend) after that we have a risky box that we can free risk on that entry:pullback on white support tp1:1795. 05 tp2:1793.200 tp3:1782.632 sl:1798.014(when we saw pullback)
OANDA:XAUUSD
by sepehrj2260
EU 10% today ! Over 40% on Friday! As Forecasted last week. We knew Eurusd was going to make a new daily low. We could have a bit of pullback at the start of week to hopefully push down and fill the weekly gap slip and IMB. Friday afternoon was a great trading day I entered 3 trades with the three wins. All entries were on the 1min and 15second chart! Today, I made a quick 10% in 20mins. I entered on the 15second chart. I will post below. Consistency is the KEY!!!
by Jake-from-the-trading-Cartel
2
The Basics - Trend LinesTrend lines are used in technical analysis to define an uptrend or downtrend. Traditionally, uptrend lines are made by drawing a straight line through a series of ascending higher troughs (lows). ... With downtrends, trend lines are formed by drawing a straight line through a series of descending lower highs. In an uptrend, the “imaginary line” acts as support and in a downtrend, the line connecting the points at swing highs become the resistance. Although we can go into what and why – the logic for trend line, is to keep it simple. It’s another subjective area and people like to spot patterns. It’s human nature. This shows in it's most basic form the concept of a trend line. In an uptrend we want to see, higher highs as well as higher lows as shown below; And in a down trend, the opposite is true - Lower highs & lower lows to create the pattern as per main image of this post. Many other techniques and indicators use this concept, and perhaps the most famous being Elliott waves. Here's a post on Elliott basics; This then all points back to Dow Theory - where markets have 3 cycles and 3 waves (another lesson for another time) in short; Here's also a post covering the Dow basics; You can also use Moving averages as part of "working out the trend" And her is another simple guide to MA's (moving Averages) We thought it would be interesting to post, more of a beginners post that our usual stuff. Hope this helps some of the newer traders. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
FX:XAUUSDEducation
by Mayfair_Ventures
8
DeGRAM | GOLD consolidation Although gold has exited the channel, there is no confirmation that the instrument has changed its trend to a downtrend. If we traverse the channel, then we see horizontal accumulation, range, a clear lower border (3 touches). The trend is upward, the global key point has not been reached, it is possible that large players do not have enough energy and it is necessary to accumulate it before the distribution and achievement of the goal. For now, I'm sticking with long formations. I expect growth from 1855 to the border of the canal. ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
FX_IDC:XAUUSDLong
by DeGRAM
1