usdjpyas always what goes down must come up?
what goes up must come down?
anyway from this point on for me it is a long position.
my entry is @ 139.217
my sl is @ 139.020
my tp is @ 139.739
I have a 1 lot position.
if it hits the level of 139.415 i will open another long position with .5 lot
basically for that...
my entry would be @ 139.415
my sl is @ 139.217
my tp is @ 139.739
I don't follow a strict rule on risk reward ratio all i know is that when i open a position I've considered the tp and sl for that position.
all I know is that when ever I read the chart I check over where a draw down section would be and a place where price would just go biserk and go up to the moon section... you feel me? ya'll get me ? vice versa for short position.
I will start posting my position and get my youtube channel organized
I am a profitable trader and I trade part time although I make good money I am not ready to go full time yet. I will one day.
so far for my crypto I am up 36% for this year... that includes futures, option, buy and hold trading.
with forex I am currently up a whooping 183.2% this year
just stay tune for this account to blow up... slowly but surely we will keep going till we reach the top follow me guys:)
Gang
Spy Supply And Demand Chart Based Off Market ActionYea, so basically these are my supply and demand levels on a shorter time frame, I graphed these on 15-30 minute time frames. What I usually do is I see whatever level we break in the market, if we fully close above with not a lot of opposing pressure, we can take calls or puts respectively. I also take calls and puts off the rejection of these because I look to see if the candle is being rejected or being pushed up/down into the next zone through pressure. This is a very bad explanation but take from it what you will. Enjoy, and Good Trading Lads!
How I Learned to Stop Worrying and Long the Treasury MarketHave you ever been told that stocks only go up? How about not trying to time the market? If you have, you might just be the exit liquidity the credit market needs. In this chart I will help you avoid losing money in the next two quarters by rolling your portfolio into cash and the treasury market.
If you have followed the last few charts, you are already sitting in a cash portfolio as we head into a disinflationary period. That's right, inflation has already peaked even though the credit market is pricing in a potential 100 basis point hike this month. What isn't being priced in is the recession coming around q4 or q1. This is an opportunity for you to roll some cash into the treasury market and make some gains on top of not losing money.
You may have heard something like "the treasury market is broken bro". This is from people that don't understand the dynamics of the treasury market. The treasury instruments do not perform well when interests rates are going up, but the up and coming recession will sharply slice inflation in a very short period of time. This will result in a fed pause. This isn't priced in yet because interest expectations are too high to account for a rapid recessionary disinflation.
Look at how quickly TLT started to make gains after the fed stimulated the economy during the pandemic. This is the ideal time to start a DCA into the treasury market because the credit market is still struggling to come to terms with the fact that a soft landing isn't going to happen. When they do, the treasuries will pump in anticipation of a fed pause or even a pivot. I don't think a pivot will happen without a pause, but the credit market, being the pack of wild dogs they are, will conflate the two.
This is a trade that might have a very small bit of downside to it at first because of a potential basis point increase, so if you can't handle that, a DCA over the next month or two is best.
Marking out BNBUSDT levelsGiving the levels I'm looking for, along with the timeframe they're from.
The higher the timeframe the more important it is as you all know,
Personally looking for longs in 460-480 areas so that i can add to my positions from 430.
Taking a little profit here might not hurt since we might consider this as a triple top near 540-560ish area.
Trading these level by level as scalps until i get 460
LTC seems to have found long lasting support, support hits manySo I originally entered LTC because I knew it was a somewhat lower cap coin at the time, and it's listed on PayPal for da boomers, so a pump would be exponentially more than some other alts.
So I enter, ride it the whole way up, then sell most at $204.
However after todays dip, I looked to see which of the coins I hold have support at the level from the drop. and I found this support (the green line) across many many many candles acting as support.
I feel like LTC can hold here, and be more resilient to drops.
weeee
ridethepig | USDCNH Long Term Macro Playbook📍 USDCNH
An interesting few days for those in Chinese rates, a 100bp move in the front end, what an express train move!! Never seen anything like this before and shows the power from vol in repo fixing. PBOC will want to keep the pressure off equities, as they have been doing for some time now and hence we can see some recycling of those longs come out and make their way into bonds. This will be their only way to defend and help keep the moves to the downside contained and measured in USDCNH.
In spite of the wide consolidation in Chinese Equities lately, China will be a major winner in particular from the oil crash as they were loading on the lows. The cheaper Chinese energy bill will help offset the next 12-18 month crisis. A smart move with the Oil CNY contracts as it essentially creates another mattress on the balance sheet.
Later this will be described as the 'only move' that made sense and rightly so. Of course, aggressive dollar devaluation for the medium and long term is the new and decisive playbook. Sellers are happy to have held the highs, but their remaining ammunition must now make a significant impression. Those following the details of this 3rd impulsive wave may need to pull a trick or two after such a difficult battle.
In any case, a test of 6.46 will be quite heart rendering, much better a deep retracement than a shallow breakup at this point .
Long call on Eur Good morning good people and fellow traders , this is a Long EU ive been on it since 4am this morning, ive placed my entry and the goal it can be a hold
trade..not sure yet im deciding on that but so far leverage is good and were in the BLUE lets go ill update soon, thanks for checking in. throw down your ideas! LETS GOO BE SAFE COVID BOOMIN
XRP ready to breach the 0.30 usd levelXRP has seen on a weekly perspective a form of higher highs for me this is here a perfect opportunity to long it until at least the 0.30 cents. I would then simply wait for it to correct so i wouldn't move my stop loss like near the 0.30 cents also possibly taking some profits off the table and my 2nd target would be 0.36 cents region from there i would start looking for short opportunity's. Stop loss below previous wick 0.237.
Triangle on the short term XRPBTCWhat is going to happen!? Bullish or breakish breakout? Slow accumulation into a cup and handle pattern? Ascending Triangle? Bruh... Always have a plan because nobody knows. Stop loss bihhh.
***A 100% drop playing out throughout the rest of the year is still very possible. If you ask me though the bullish risk to reward on the long term is mind blowing. We are in buying territory on the long term my gang.
***Always remember to pay homage to the gang, and keep movin that bread. \w/
***LTC TIP JAR: MNW7HLttWjNzwEEMsDYpMNEUWi1Kct6vVr
Seguira Bajando BTC? SI!parece que no hay mas nada que decir, esta claro que probablemente entremos en una tendencia bajista hasta los 6600 llegando asi a un buen soporte el cual podriamos pensar que puede girar el precio, de todas formas tendriamos que esperar como se desarrolla en dicha zona para tomar una desicion.
EURAUD - ShortEURAUD : Last week I shorted this pair ( seen in my previous post ) and we hit my take profit on the dot.
Now, this pair could still see a movement to the downside.
If we close below my weekly resistance on the daily time frame, or if we get a very strong 4HR close, I believe we could go to my next support at 1.57500
For now I'll be keeping an eye on this pair to see what it does.
seguira bajando el BITCOIN?Tenemos un par de escenario interesantes
por ahorita acaba de romper soporte, por lo que seguira hacia abajo, se espera que rebote en el soporte de los 6923
y asi tendriamos un doble piso muy considerable para un escenario alcista,
tambien se puede apreciar una tendencia bajista madura.