EURBGP 5/10/2019Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH?
So SM must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM.
CHARTS AGENDA:
SM - SMART MONEY
PA - PRICE ACTION
BITCOIN SIGN - MONEY POCKET
ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS - LIQUIDITY <- TARGET SM
BLUE LINES - POTENCIAL SNIPER ENTRIES WITH SM
BOX - GAP's
GOD BLESS U ALL!
Freedom
USDCAD | Swing Short | update v1.8Where are all the long/bullish teenage teenie boppers at now?
I think they probably had their accounts blown because they over leveraged and are hiding in their parents basement.
Called this since v1.0 on usdcad, sure, it was a little early, but along the way if you used multiple entries with multiple exits on a trade that hadn’t been invalidated then you would have cost averaged with me and been laughing your ass off to the bank.
Although this has significantly more room it won’t be worthy of anymore analysis. It’s an easy one, throw your fibs and on pullbacks/retracements short and don’t get greedy, as long as you close in the green the account will continue to grow.
Will be looking for new opportunities next week. Until then, you know what to do.... study, study, and maybe do a little drinking in between, but definitely get back to studying!
USDCAD | SHORT Swing Trade | update 1.6Happy Monday fellow traders. If you’ve been following my posts (see below), you would kno is that we have been shorting the dollar for 2 weeks now using our multiple entry and multiple exit strategy (me/me), averaging our prices anticipated dollar weakness as the technicals have supported and fundamentals have pushed.
For us swing traders, technicals give us setups and the news just catapults pricing to previously identified levels of demand.
Big banks for several weeks have been taking stops for those holding on to pipe dreams that dollar is king in a midt of uncertainty. Don’t let them instill fear, because fear is the evil twin of greed.
In closing, trade what you see and not what you think. Follow me and trade your way to freedom- and always remember, you don’t need A’s to reap rewards. Like C’s get degrees probabilities of 60% or more with a good money management strategy can get you a solid return on investment equity curve.
Less is always more!
USDCAD | Swing Trade | Update 1.5I am still bearish. There is still plenty of space between supply (1.333) and demand (1.322) . Follow the money, don't let the frankfurt fake-out shake you out of the trade.
Testing 1.3220-00 psychological level. If there are bullish price action patterns we scale back and trail our stops- watch for accumulation with spikes, especially where the banks load up to better cost average. Take their side.
Spot the shadows and the fast reversals, those are banks pulling the rug from underneath you.
US crude are at resistance/support levels from 2014 & 2016 . If you look further left, there are well respected levels dating back to 2006.
DXY has been teetering around the .768 from 2016 high and there are just way too many multiple levels of confluence to talk about that you should just see them for yourselves.
Fear and greed will never help you succeed. Follow me and you will see.
USDCAD | Swing Trade Update 1.4Happy Friday my fellow puppeteers. How did everyone end the trading week? If you've been following me then you would have been in the money by the end of today, moved stops to break even and are happily sitting idly by waiting for the following week to take us into 2--6 R return.
As suspected, the false breakouts with bullish engulfing candles was nothing more than an attempt to take out retail traders out of their open short positions. If you were undercapitalized and played the divergence game then you've probably learned that it can mean quote the opposite- the market may continue to float to higher highs before turning. This is why using multiple entries and multiple exits as a money management strategy should be of prime importance. Don't pick tops or bottoms and go all in, ease your way with several orders until the direction is confirmed.
Happy pippin and we'll see ya'll folks next week.
I'll say it again. Patience is a virtue. If you have what it takes, follow me and trade your way to freedom
USDCAD | Swing Trade 1.3I think the banks are raising on a bluff. DXY is sitting at a 50% fib level from the most recent high to low swing, which is the only reason I could see the UCAD up another leg before turning, but do not be mistaken. That what looks too good to be true, probably is...
Monthly resistance at 1.3275 coupled with .786 retracement on the Daily . Last weeks test of the same level resulted in a weekly pin bar (remove Heiken candles and see for yourselves).
With so much momentum today, the fact that price stalled at a critical level and hesitated to break last weeks high with conviction, leads me to believe the baton will be passed in the other direction.
Always remember to use proper money management, take 1R losses and let your winners carry you to freedom.
USD/CAD | Swing Trade Update 1.2The market giveth and the market can take it
She is only fair if you are reasonable and disciplined. Have you been eating your popcorn like I suggested a few posts back?
Weekly & Daily dynamic TL’s have been tested and broken. The nay sayers will come out of the wood works and tell you “but kind sir, it pulled back and closed above it so it failed.” Indeed my new disciple, you have lots to learn.
Only because she has failed does not mean her intentions weren’t clear. Testing lows and shaking the weak out of their positions with reversal candle stick type patterns are their rhetoric.
Indies below 50 with plenty of room to fall and continuation patterns should be presenting themselves. Observe price action and don’t hope the market will move in your favor. Trade what you see and not what you think.
Break time, I need more popcorn....
USDCAD - Short Swing Trade 1.1Ladies and gentlemen, we are here, another beautiful August day, observing and remaining patient shall be the name of the game. Hold on to your horses, don't let the devil tempt you into a long as the set up is serendipitously becoming more real.
Multiple Levels of confluence. A rejection at a key monthly level of resistance. The weekly dynamic TL has been broken and retested. Head & Shoulder pattern developing at more key levels. Indicators resting at the 50 level and itching for a bounce.
Watch for a Frankfurt fake out- banks will take out stops and get in at a better price on your hard earned bread crumbs.
I've got popcorn in the microwave and you should too. Market gives to those that are patient, watch how it unfolds over the next couple weeks.
Follow me and swing trade your way to freedom.
DXY - Swing Trade If you’ve been reading and following the last couple posts you would know that we are disliking the US dollar against the looney. If you haven’t thats ok, just make sure you check em out after this. It adds further confirmation to the ideas presented.
If your dinner has been served and you’re ready to keep things simple then look at the weekly index for the dollar and notice the heavy divergence. Wait, let me stress this further, look at how dang LONG this has been developing for. Patience is a virtue and the market rewards those that are patient. I’m going to sound repetitive because you all are too greedy and always want to be in the market picking tops and picking bottoms.
This divergence and lack of momentum signals exhaustion and adds fuel to our shorts with UCAD. Don’t go bald pulling your hair out, hold on to the laurels this will be a ride. See ya soon folks.
Bitcoin the revolution! How many satoshi do you have? Hold ITHow fast does travel travel today? The speed of light? How fast do the Internet memes get around? minutes, hours, days, weeks? Not long at all. How long does it take to viral YouTube video to spread around the world? No time at all. How long does it take for a black swan to sweep through an already shaky financial system? Does 2008 come to mind?
Now that the US Congress has exposed Libra as a "Shitcoin" and Bitcoin as the "Real Deal" how long before more People, Corporations, Towns, Cities, States and Governments Not long in my opinion and I believe it will only accelerate once it starts. Perhaps it started today.
If you evenly divide all of the 21 Million Bitcoins that can be mined among the current world population we are only talking about 0.00300000 Bitcoin each. About 300 thousand Satoshi max. And that is ONLY if they are evenly distributed to every human on earth. We know they will not because all of the alive 20 years from now do not even exist today. Think about that for a minute. There will be people in the future who can only own Satoshi by working for them. They can not just buy them up today like you can.
So again I say that $ 1K in 30 minutes is nothing. When the real feeding frenzy starts we may be talking $ 5K, $ 10K, $ 20K, or more overnight. You do not think so? The people in Venezuela probably did not think so either. Or those in Zimbabwe when their money failed. It is the fate of every fiat currency ever printed. Devalue, hyper-inflate, disappear. Rinse and repeat. So what happens to real money when the fake money fails? It goes to the moon.
The real bag holders, in my opinion, are not the ones left holding Satoshi when the music stops but rather holding those of their wealth in one of many other fiat currencies around the world. Our money should NOT be based on our ability to work our asses off for 40+ years so we can pay taxes on all the debts our governments rack up in our name and then die broke. It should not be that way. And I will tell you this as you are reading this post, it is not going to happen to me if I have anything at all to say about it! I refuse to be a slave of the State. The sooner I can break the better! And it starts with having an independent supply of real money that is not based on their wasteful spending and other political bullshit !!! I do not mind paying my share for public services, but limitless printing and spending of the fiat on my behalf has got to stop. If there were in the fiat currencies in this world there would be no wars because governments would actually have to ask the people if they want to fight each other and pay for it along the way. Their answer would be a NO resounding!
I keep asking myself A BULL Flag?
What is the primary trend?
Follow the trend. Is she your friend.
The famous HUNTING TOP - HUNTING BACKGROUND - He had not survived.
Patience is the KEY of SUCCESS. In trading, in life, in EVERYTHING
God is with you every day.
Enjoy the highest value of all> THE LIFE!
Live the life
FREEDOM
LIVE NAKAMOTO
NEXT TARGET 15k
God ABOVE EVERYTHING and EVERYONE!
**And that, ladies and gentlemen, is my dose of hopium and fomo for the day!
You get my point. Stack those Sats while the sun is still shinning on you.
YOUR A FOOLWe have a lovely support/ resistance level that has been respected many times ( orange arrows ) and also a lovely trend line ( TL ) that also has been respected many times, price is currently at both of these levels and when you add in the current weakness of the USD this makes this trade setup a triple threat, so we can only see further upside movement.
If you overlook a strong setup like this then your a fool ;p We will let you buy us a drink after this trade has done ;p
F#'k YOU... i mean 4Q ;p Purple arrows = resistance
Orange arrows = support
You can see where price has been respecting our zone as support and resistance... its that's time again, price is currently in our zone so we are expecting a bounce and some movement to the upside to end the week with a strong push... Lets make that money for a Saturday night out on the town ;p CHAMPAGNE ANYONE? haha
This trade....LONG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
CHAMPAGNE ANYONE?Purple arrows = resistance
Orange arrows = support
You can see where price has been respecting our zone as support and resistance... its that's time again, price is currently in our zone so we are expecting a bounce and some movement to the upside to end the week with a strong push... Lets make that money for a Saturday night out on the town ;p CHAMPAGNE ANYONE? haha
GBP JPY getting ready to take a dive... best get your snorkelKey resistance 145.792 - Price has been respecting this level historically, it has also been respecting a trend line over the past few weeks but once price broke out this trend line price shot up.
Now price is coming up to retest our strong resistance, and price WIL bounce and make a big move to the downside.... you heard it here 1st ;p