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Aussies in the crosshairsA potential kill zone is shown. DO NOT enter if you cannot lose money! It's this simple: price below amber 4h ATR. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
A
by Captain_Walker
EURJPY: Another probable lossThis is a simple structure level situation. It's at what seems to be a resistance area. There are no predictions here. It's this simple: if you can't lose stay out. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
by Captain_Walker
ETHEREUM: Probable reversal patternThis is indicative - not predictive - of a reversal pattern. See-saw patterns at market tops and bottoms generally mean something. What that means is 'be careful'. What more can I say? Nothing. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
BITFINEX:ETHUSD
by Captain_Walker
USDCAD: Vigilance for a controlled loss!More and more my posts are about controlled losses. I'm doing this because trading is mostly about controlling losses. Seriously, it is about taking affordable controlled losses at key areas in an instrument. This 3D time frame may not be the one to trade in. The value in higher time frames is about advanced vigilance for potential reversals of trends. A reversal can start in a lowly 5 min trend which then expands. So I'm watching out for a reversal pattern in 5 - 30 min time frames. The congestion zone shown (a structure area) can well be punctured deeply. So it doesn't mean that I am relying on that only. That means I'm well aware that price can go much lower. There is no prediction in this chart. It's a heads-up. The RSI on the 3D time frame has been hovering below 50. This suggests a compression pattern, possibly getting ready for a bust north. However, strange things happen. Price could take a sudden collapse below the congestion zone before rocketing north. Or - price can break down and move far further south. Whatever happens; I'm not bothered. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
by Captain_Walker
RED HOT! When is the housing market going to crash?I didn't say that this post is 'red hot'. And I don't know if or when the housing market is going to crash. The captioned question in a popular search engine rose 2,450% in the past month! That must be super red hot! What's the RSI on that? 😄😂 Expand the chart by pressing the + icon, for a clearer view. There is extreme chatter in the blogosphere about housing bubbles and crashes. Some want to understand why all the interest in that. After all if something doesn't make sense what's the point of paying any further interest. Oh - except if it's US Equities and Bitcoin - right? I get it - some see sense in Bitcoin and Stock indices going north so they're ploughing their money into those two. The 'sense' is ' The FED has my back.. I'll hedge against a crashing US Dollar! '. That's all people know - I'm often told. Has the FED got your back on the price of your house? I don't think so. But I could be wrong. I'm actually wrong about 60% of the time. And nothing here is advice, anyway. So nothing I say seeks your belief. Ahhh.. so what's that crazy spike in searches on the question? Could some be worried? Oh yes the 'some' are probably those who made a killing; now looking for signs of a true peak, to dump on those looking to buy into a superheated market. They're in the search engines checking out carefully for news and early signs of a reversal. Some are nervously watching for potential rises in interest rates and hyper-inflation. Those sort of folk probably know little about technical and fundamental analysis. Is there a peak as yet in the housing market? Nobody can know because there is no dip and no double top at the leading edge, to define the peak (as yet). That means it can still go far more north - to dah Moon, for example. 😉🤐 So for those who need to understand what's going on with house prices, I speculate the following: 1. The parabolic end of the curve up suggests to me this is a stampede of competitiveness among many who think that all bearish sentiment in the economy has been crushed. These are not the likely to be a large proportion of the people searching madly the captioned question. 2. People with cheap credit have jumped on a bandwagon, thinking perhaps " A new dawn is ahead..we've beaten the virus. We have vaccines. Time to git going! Things can only get better. " You know the song? 3. Some believe that the rise in equities plus virtually unlimited monetary and fiscal stimulus means ' They've saved the economy. ' 4. Housing property prices took a leap because there was more demand for homes in the pandemic period. But that's not the only reason. Anyway the initial pump got the bull market going. Then came the stampede with some false peaks as jitters set in for shorter periods. I'm not a housing sector analyst. Now compare what happened in the CONSTRUCTION, PROPERTY & REAL ESTATE INDEX (chart below). Hmmm.. construction? Yeah.. that's nothing to do with housing - right? Think harder. Sound traders and investors know that the best moves they can make in any market involves 90% of their time spent thinking! Is the housing market in the US a bubble? You and I won't know until after the sound of a POP! If you have other ideas, do share. Let's get that discussion going. Disclaimers : This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
NASDAQ:HGX
by Captain_Walker
ONE LOVE! Let's get together on weed stocks. Oh boy! Where were you when all this was happening? Cannabis (aka weed) stocks as a group set to take off. This could be bigger in percentage terms than Biotech pumps we saw in the pandemic period. As some will be aware major changes have been happening in the USA and Canada to 'legalise' certain aspects of cannabis. GTBIF and CURLF were ahead of the race. Changes are following in many other countries. Both GTBIF and CURLF may correct significantly so if investing here one has to look for a nice pull back and take a controlled loss. But this post is not just about two cannabis stocks. There are dozens of these stocks in Canadian and US markets and Google will help you to find them. The could be more long term investment opportunities, say over 5 to 10 years. Buying low should be easy for many of these stocks. Some on my watchlist are: TSX:CRON, TSXV:EMH, TSXV:N, NASDAQ:TLRY I'm not saying the above are great. If others find good ones, then help out everybody else by sharing. Other cannabis stocks are at all time lows. Some say they will pick up. How would I know? Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OTC:GTBIF
by Captain_Walker
IS GOLD BACK?Gold just did an important trend switch on the 2H time frame coming off what appears to be a double bottom at 1680. The switch is better seen on 15 min to 30 min time frames. Normally the first pulse which this might be is followed by a minor correction before further movement in direction fo the switch. But strange things do happen. This is a trend following situation, which means you get no targets, stop-losses or predictions. Why? Because nobody knows where how far a trend might go. I provide no other figures because this is not advice. If going long on Gold a safer situation will be in a 15 to 30 min trend. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OANDA:XAUUSD
by Captain_Walker
2
AUDJPY (6H) - tricky situation.I've been watching price action in the last few days on AUDJPY. My balance of probability is 51% for the south, leaving 49% for the north. I know 'everybody' wants better odds than that. Well, I did say it was tricky - at least for me. My estimates are based on my analysis. Not a 'feeling'. I wouldn't be trading this time frame anyway. I'd be looking for a nice small trend to milk - one that is nested within one of those candles. So - if a small trend moves south, I'd take that. If a small trend moves north, I'll go with that. I go where the market goes - but from 'under the hood'. If others have a different perspective based on their own methodologies, feel free to share. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
by Captain_Walker
Mars next stop for the Indians?If you thought the DJI was overvalued, have a look at the India50. This thing has outperformed loads of other stock indices, even rivalling the Brazilian Bovespa. They've certainly passed the moon. Could the next stop be Mars? Well I think a significant correction is well overdue. Of course, I don't know when that might happen. The show could start with a 5 to 15 min trend south. So, I'm all eyes on this one. The recent pump in the last 2 days was mainly about the DJI pump. Oh yes, markets around the world draw confidence from the DJI, as misplaced as that is. So now we have one air market filling up on air from another market. That's looking for trouble. Attacking this for a short means I'm setting up alerts for 5 to 15 min trends south. It's already heavily bullish. I don't like going long at the top of markets. Strange things tend to happen there. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Editors' picks
I
by Captain_Walker
9
Get ready DOTUSD! Pullback finished, Breakout time! Hello traders! As Bitcoin goes a little silent in consolidation, we can notice other cryptocurrencies booming in price. Today, I am going to talk about one of them, DOTUSD, or Polkadot coin. Polkadot has been a very interesting coin. It exploded more than 130% in value in just 3 DAYS! It also almost touched $20, becoming one of the few coins to reach that mark. After that, consolidation followed, or the silent moves of price. Well, no more consolidation! We just had a strong breakout of the triangle in the 3-hour chart with good volume and a MA 17 support. Great start for an altcoin. Will Polkadot/USD be one of the first coins to reach $100, accompanying the big stars: Bitcoin, Ethereum, Litecoin? Let's see how time plays out! Thanks for reading! Do like this post, and follow my profile for more posts like this!
KRAKEN:DOTUSD
by Trader_ph
ADAUSDT - Just LONG IT / 40% GAINS !!!-NEW author on TradingView -2+ years experience in markets -Professional chart break downs -Supply/Demand Zones -Key S/R levels -No junk on my charts -Frequent updates -Covering crypto/US stocks ADAUSDT 4h : BEST level to BUY 40% gains (SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: ADAUSDT 4h chart review / outlook ::: Reversal is happening right now ::: likely setting up for a bigger move up - Get ready BULLS ::: however short-term I recommend to focus ::: on HOLDING your Position or buying LOW ::: key resistance: 0.17 - 0.19 USD ::: key support level: 0.11 USD ::: recommended strategy: LONG IT 0.105 - 0.11 USD ::: SL 0.09 USD TP 0.17 USD ::: good luck traders
Long
by plukits
EURAUD: STAY ALERTEURAUD could be moving into a strike zone on the 3D and 1D. I'm not saying that you trade this time frame. The point is there could be nice volatility in the strike zone on lower time frames (long or short). Price 'nervousness' tends to happen in these zones. True traders feed on volatility. The trend is overall for the upside on this 3D time frame. Massive spikes like that seen in March 2020, normally follow a rejection. But that is not uncommonly followed by rebellion back into the trend direction. Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
by Captain_Walker
USDCAD: Upcoming potential positionsI'm stalking this one for a strike, whilst resisting FOMO. Waiting, watching and planning is 90% of the job! The action could kick off on a lower time frame. Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
by Captain_Walker
TROUBLED DAX - POSSIBLE H&SThe DAX could be heading into new trouble as Europe goes into turmoil. I see a head and shoulders in there on this 30 min time frame. It's never perfect. These take on a wide variety of shapes. Have a look. (Note disclaimers). Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:GER30
by Captain_Walker
DJI (Wall Street) - 1H - patterns sometimes repeatMuch of good trading is about time spent stalking. Trade execution by the most successful traders happens only after much patient study. The current position of the DJI, resembles a previous one. Patterns tend to repeat. This means vigilance to see if they do repeat. There could be losses involved. I never avoid talking about that. Sometimes a pattern may appear to be repeating and then fail. That's when an affordable loss comes into the equation (it's called a stop-loss). The stop-loss limits how wrong one is in estimating a projection. Avoid predictions, is my motto - which is not everybody's motto. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
1
BTC ... here you can choose your path ... for me the black one!Hello team, been a while. Although I haven't posted in some time, I have been actively looking at charts. OK, we are at an interesting juncture ... so I thought I'd post my grand chart to get your opinions. Which color line are you counting on ... green, red or black? It feels like we are on green, especially after that green candle today, you have to think that bull euphoria is setting in. But unless we crack 11500 to 11800, I'm afraid there will be profit taking, and then the question is how much profit taking (ie the black line or the red line). The red line assumes we are still in a big ABC correction that is still in play. Basically 20k to 3k was wave A, 3k to 13.7 was B, and now we are creating C ... down to around 2k (maybe even lower, some calling for 1k). Personally, it's hard to believe that ... but we all know how whales can surprise us in this market. And some traders that I respect are convinced it will happen. So I will not discard this possibility. I think the black line is the most realistic. It basically says since we hit 20k, we are forming a big ABCDE triangle wave ... this ends in early May, precisely when BTC is expected to half ... and you know what that means. So it makes sense that people that don't believe will be anxious to profit take at the first real sign of resistance (11500), but at the same time, I think there is enough people that believe BTC will print a new ATH after the halving ... so they won't give up BTC that easy ... so we sideways (which is a triangle wave ... the market can't decide really), until we get to the halving, and then we take off. I'd love to hear what you guys and girls think. Remember, only a fool sees one possibility. Do not use for investment, trading, financial decisions. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
14