CADJPY Swing LongAfter a break and close below that was followed by a close back above and retest of lower part of consolidation channel, this pair has confirmed the fake breakout and is now well placed with an opportunity to ride the next swing leg and the creation of a higher high on the daily TF.
Target can be set at the 127.2% fib extension taken on the retracement. Entry can be taken on lower TFs
Higherhigh
Inverse Head and Shoulder superimposed over an upward trend..Asymmetric inverse head and shoulder pattern: due to the pattern being super-imposed over a significantly upward moving baseline trend, propelled by inflation fueled by the global money printing?
Another point/consideration to add to the bullish narrative.
SEE ALSO:
BTC:USD -- Acceleration gaining, pulling up Momentum.
Determining if we are in a Bull/Bear market
Falling Wedge breakout.APHA has broken the downward sloping resistance of the Falling Wedge pattern outlined in blue flush to the upside, and upon back testing the area of resistance it's now turned into support.
Notice the higher high creation for the first time since 2018 ATH's?
The Green pattern in this chart is an Ascending Triangle, and upon break out of this pattern APHA has created a Macro higher high.
Any pull back in APHA would need to hold either the top of the ascending triangle upon a back test, or the upward sloping green line of support if there's to be continued bullish price action.
Make It or Break it GBPJPY!!I have much fun analyzing & trading the Great Britain Pound. I'm expecting short term bullish action within the upcoming hours on GJ. Price has been moving back & forth between a 15min Uptrend Channel, while creating higher highs & higher lows during the process. I've identified a few higher lows on the chart. It's also is currently sitting above a 200 moving average after the crossover highlighted on the chart. If price break the 20 ma I set, I see it rising to the local resistance level. Nevertheless, bears could still possibly gain some momentum. I've marked my take profit area. Whats your thoughts on GJ? Love to hear your analysis & remarks!
LTCBTC Level Trade|Trend HH|S/R Flip Retest|Volume Influx|200 MAEvening Traders,
Today’s Analysis – LTCBTC breaking out of its 80 day consolidation, setting up a clear level trade.
Points to consider,
- Trend higher high
- S/R Flip Retest (Local Support)
- Immediate target (Weekly Resistance)
- Oscillators above 50
- Noticeable volume influx
LTCBTC has established a technical higher high, early signs of a trend change – this gives us an immediate bullish directional bias.
An S/R Flip retest will validate a long trade with the .618 Fibonacci as an overextension, this will solidify local support.
The Immediate target is weekly resistance, LTCBTC also has the daily 200 MA to clear, profit taking zone.
Both oscillators are above 50, not over-extended, this signals a probable further push in the market.
LTCBTC has had a strong volume influx, engulfing all previous nodes, follow through is needed for continuation.
Overall, in my opinion, LTCBTC has a valid long play. A retest of local support will allow for a defined R:R trade. Price action is to be used upon discretion.
What are your thoughts?
Thank you for following my work!
And remember,
To be a successful trader you need to trade without fear. When you use fear as a resource to limit yourself, you will create the very conditions you are trying to avoid. Or to say this in another way, you will experience your fears - Van K. Tharp
EUR/USD SHORTHello Traders !!!
I bring to you a second idea !
Take a look also on that idea posted earlier in this night that is on a small profit !
So EUR/USD hit a high from 2019 January, Risk on sentiment and economic news from Europe and USA are not good but somehow USA manage to be better than Europe.
To be honest, in those days you can buy GBP, it way more stronger than USD or EUR.
Also for those of you that have a risky appetite and make scalpping, take a short look at XAU/USD on 3 minutes TF, a nice pattern there !
For out SHORT on EURUSD, you have the TP and SL on the chart but please have patience, my POV and analyses are for a longer period of time but that get more succes ! could wait 2-3 hours until get the good part of the forex !
Please have in mind your money management system and ask for any question !
Take care and have a good day !
LINKed To The Herd Mentality?While Bitcoin and the well known alts continue to cure most trader's insomnia, Chain Link has taken the spot light. Once this alt broke out from it's previous resistance of around 5, it has been vertical. If you are new to trading, I would like to welcome you to another fine episode of the HERD mentality in action. Can this thing go to 10 over the next week? In this video I am going to provide technical levels to consider that are proportional to recent price history.
Fundamentals drive attention, that's about it. People want to hear a good story, one that is full of hope, promise and drama. The next Bitcoin! Or some other attention grabbing hype. Stories are part of human nature and are rooted in a form of logic, or cause and effect. What you may not yet realize is that timing markets has very little to do with "cause and effect" and everything to do with behavior.
Our strategy has only one objective and that is to capture short term gains that are a result of price momentum. In order to do this consistently, criteria has to be met otherwise it is outright gambling. Before we even think about assuming risk, we need to answer two questions: if we bought now, what is the probability that this momentum will continue enough to produce a positive outcome, and second, what is the reward/risk? For Chainlink, the 6.80 level is a price projection based on recent structure (emotions express themselves in patterns which can be measured). This means the probability of a retrace is greater than momentum continuing higher. Buying now is a low probability behavior which will not produce consistent returns in the long run. What about the reward/risk? At this point, the risk can be measured from the support around 5, which means you are risking about 2 to reasonably make 3, BUT since PROBABILITY does not favor the move, then WHY take any risk to begin with? The ideal situation within the rules of our strategy would be for price to retrace to the 4.80 area and present a setup. THAT is when probability AND reward/risk make a lot more sense. Will it retrace? We don't know, it is all a matter of being prepared IF such an opportunity presents itself. Consistent performance comes from following EFFECTIVE behaviors and good habits, NOT from reacting to or chasing action.
US1000 1072.1 +0.4% LONG IDEA Good Day Evryone
Here's a look at the US100 index , the H&S setup didnt hold as we see the index continues hitting HH & HL we remain in an uptrend on the index so looking for longs from here we just hit a swing low so perfect time to look for entries on lower timeframes...
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD -DAY TRADE
TARGET - 10952.2
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
GBP/CAD trend continuation GBP/CAD long.
Price retraced at fib 0.382 zone indicating a strong trend and potential bullish move.
Fibonacci extension tool used from most recent extension move - 1.272 level is a previous level of resistance.
H3HC would be used as entry candle and buy at market order placed 1 pip above H3HC candle.
R:R of 1.13. Stop loss placed below Psychological level @ 1.6999.
240 - HTF - identify & predict
60 - LTF - decide & execute
Let me know if you entered this trade.
Joe
Market Structure with Support Resistance - #Basics #LL #LHHello Traders!
I got a new education post for you. This is one of the first basics in the forex market. It is very important for you to understand.
Why do we need to analyze the Structure?
We do that in order to determine the trend. It is more easy to trade with the trend and not against it. Simply because you can catch more pips with one move. This is very good if you are Swing Trading but it is also great if you day trade it.
Market Structure:
The market creates Lower Lows (LL) and Lower Highs (LH). Also you can use Support Resistance for that. As you can see on the chart, it fits perfectly. Support became Resistance after breaking it and also there we mostly have then a LH in a Down Trend.
I hope you could learn something. It is one of the basics. And if you are more advanced trader, I hope that you are reminded through this post at one of basics
Thank you and we will see next time
- Darius.
Trading Idea on ONE/BTCHello, Traders.
HARMONY is testing an important resistance region and is above a short-term support line so we are presuming that this asset is on the short term bullish trend, but we need to see the price break this resistance to continue the bullish structure with higher highs and lower highs.
Push the like button and follow us on Tradingview.
WABIBTC nice bounce on dynamic trendline 🦐WABIBTC is very bullish, the price bounces on dynamic support and now attempts to breakout a static resistance.
We will wait for clear breakout or bounce again on resistance to set a nice long according to Plancton's strategy.
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
1ST - MACD TREND FOLLOWING STRATEGYQUESTION - WHAT ARE THE BEST FOREX TRADING STRATEGIES?
1ST - MACD TREND FOLLOWING STRATEGY
Step #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point.
This is an unorthodox approach to technical analysis. But, we at Trading Strategy Guides.com are different. We don’t mind doing uncomfortable things if that’s what it takes to succeed in this business.
First, let’s visualize how an authentic swing point really looks on the MACD indicator:
The first rule of thumb to recognize a swing high on the MACD indicator is to look at the price chart if the respective currency pair is doing a swing high the same as the MACD indicator does. A higher high is the highest swing price point on a chart and must be higher than all previous swing high points. While a lower high happens when the swing point is lower than the previous swing high point.
Step #2: Connect the MACD line swing points that you have identified in Step #1 with a trendline.
At this point, we really ignored the MACD histogram because much of the information contained by the histogram is already showing up by the moving averages. Look at the price action now and compare it to our MACD trendline we drew early. We can clearly notice that the MACD contains the price action much better and reflects the trend much clear.
But, at this point, we’re still not done with the MACD indicator, which brings us to the critical part of our MACD Trend Following Strategy.
Step #3: Wait for the MACD line to break above the trendline. (Entry at the market price as soon as the MACD line breaks above).
When the MACD line (the blue line) crosses the signal line (the orange line) it’s an early signal that a bullish trend might start. However, if trading would be that easy we would all be millionaires, right? And that’s the reason why our MACD Trend Following Strategy is so unique. We’re not only waiting for the MACD moving averages to cross over but we also have our other criteria for the price action to break aka the trend line we drew early.
This is a clever way to filter out the false MACD signals, but you have to be equipped with the right mindset and have patience until all the piece of the puzzle come together. If you were to trade just based on the MACD crossover over time you’ll lose money because that’s not a reliable strategy. But if you use the MACD indicator along with other criteria such what this strategy tells you to do, you will find great trade entries on a consistent basis.
Step #4: Use Protective Stop Loss Order. (Place the SL below the most recent swing low).
Now, that you already know how to enter a trade at this point you have to learn how to manage risk and where to place the SL. After all, a trader is basically a risk manager.
You want to place your stop loss below the most recent low, like in the figure below. But make sure you add a buffer of 5-10 pips away from the low, to protect yourself from possible false breakouts.
Did you notice?
The MACD Trend Following Strategy triggered the buy signal right at the start of a new trend and what is most important the timing is more than perfection. We bought EUR/USD the same day the bullish divergence trend started.
Now, what this has to do with the SL?
Basically, a good entry price means a smaller stop loss and ultimately it means you’ll lose a lot less comparing it with the profit potential, so a positive risk to reward ratio.
Step #5: Take Profit when the MACD crossover happens in the opposite direction of our entry.
Knowing when to take profit is as important as knowing when to enter a trade. However, we want to make sure we don’t use the same trading technique as for our entry order. When the MACD line (the blue line) produces signal line crossovers (the orange line) we want to close the position and take full profits.
Before taking profits, it’s important to wait for the candle close – either the 4h or the daily candle – depending on the time frame you trade so you make sure the MACD crossover actually happens.
Note** The above was an example of a buy trade using the MACD Trend Following Strategy. Use the exact same rules – but in reverse – for a sell trade.
Conclusion:
The MACD Trend Following Strategy is a very simple trend following strategy and yet a very profitable strategy at the same time. As the saying goes, “The trend is your friend” and no matter if you’re just starting as a Forex trader or you’re already an established trader life is much easier when trading in the direction of the line of least resistance rather than fighting the trend which is a loser’s game.
The success behind the MACD Trend Following Strategy is derived from one simple principle: momentum precedes price.
S&P BULLISH BIAS & CONTINUATIONThe TVC:SPX rose 3.2% last week finally closing above the last previous high at around 2940. This indicates to me that there are still a lot of buyers in the market, the likelihood is that price will continue to make gains in the following weeks. If there is a decline in price, a good buying area (depending on price action) to jump onto the trend will be around the 2800 region.
My preference however is over the coming weeks too see if price is able to clear and retest the 3000 handle, if this becomes a reality this is where I will look to add some more positions.
BTCUSD smh I’m ashamed of you all Seriously guys?
Seriously guys....
And the girls of course too...
After everything I (As well as many other forex seasoned traders) we taught you guys you see a little red candle and panic immediately?
I’m not even bother with the long post because I didn’t even want to do a BTC publication since everybody and their mother is doing on and I thought it was obvious at this point but I’m just gonna poijt two things:
1) Read the goddamn post about practice in fundamentals and how they don’t lie (not when it comes to numbers) and They don’t provide a timeframe for a reason because they are inevitable and don’t matter when as you idiots are indicative of when with variables uncontrollable; my second pt
2) Variables that are not in our control are Quite literally the biggest market indicators and The biggest example being OTC training which is without question be the single most impactful Decatur and responsible for about 90% that’s just the bullshit number that I made up but if I’m being hyperbolic get the gist it’s a lot of market retraxements/dumps/reversals.
The other variable of the FOMO/FUD
Please go on my LinkedIn and read the post about by 10 crypto Commandments it will do you a huge favor trust me or don’t I’m just not gonna waste my time writing something that you guys won’t bother to read..
Even if we dropped; it won’t be lower than $8010-80 And ultimately we cannot stop the inevitable which means that 10.6 K special threshold resistance; The imperative quintessential R2S2 resistance that I have been dreading and warning y’all for months is coming.
How do you not know by now?? that whenever there’s a parabolic run especially one that brings us to a higher high there’s always going to be a lighter dump from some douche bag will try to make a quick profit though it doesn’t seem like much for BTC to drop $200-$300 is a goddamn fortune and a quick flip and I just want you to picture of Wall Street fat cat laughing at you while you’re selling before a bull run away — next time you decide not to listen to my NOT financial advise.
Read the post below I’ll update later SMH
READ THE POST ABOUT FRACTALS AND FUNDAMENTALS BEFORE READING THIS
Set a stop if you want is that your TP1-3 for 9880, 10190, 10558 & Fuck it why not throw 11.2. But I’m telling you right now this is a long super long for a market that moves in dog years with a community of 35 million new minnows swimming in schools following through with the current acting on instinct not realizing an orca whale anticipates your arrival and he’s tired of eating krill & being fucked with by dolphins (the white knights — people like me; who don’t have what they have in net worth but have enough to fend them off) and They are just waiting for a taste of you so they’re gonna get what they want and already did thanks to what ?
Satoshi wallet moving? That’s all the MORE reason why you shouldn’t of a clear indication that you were being fucked with just look at historical precedent with every bedroom green candle there’s always a tiny red candle ( not a big one) just a tiny one as Parabolic roads are always follow suit not after a dump but after an anomaly of idiots who panic.
You have any idea how much I just lost in this little dump? Do you think I'm about to dump EVER at the bottom of a red candle? NEVER.
STOP Losses are in place and I REPEAT THIS FOR THE 10 MILLIONTH TIME FOR A REASON IF YOU SELL WHEN YOU SEE A GIANT RED CANDLE YOU SHOULDN'T BE TRADING AND JUST BUY/HODL UNTIL YO'URE READY. SORRY IF THATS HARSH BUT IM DOING YOU A FAVOR.
that when I know if I stop looking at the charts zoom out and look at the INVERTED head and shoulders then do some TA & focus on the fractals/fundamentals and the tech. .. the hash rates and (it pains me to say it) a tanking global economy hence why 35 million (Including 20M in the US alone) are now with us and It’s just painful to watch you guys go through what I had to go through for several years the first half decade with you guys to have to learn through loss of trial and hopefully we will experience as a loss can be that vector for you guys to make wise decisions.
By the way by "10 crypto commandments" — One major role in PLACE is to NOT LISTEN TO ANY SINGLE TRADER NOT EVEN MYSELF AND DO YOUR OWN RESEARCH FROM A MULTITUDE OF SOURCES AND CITED INFORMATION CREDIBLE WITH CITATIONS THAT HAVE CITATIONS.
DO NOT listen to any single trader ALONE.
HELL DONT LISTEN TO THIS IF ITS ALL YOU'RE BASING YOUR DECISIONS ON...
When it comes to doing your own TA; entries my 10 commandments NOT ONLY PREDICTED BAKKT & LIBRA YEARS BEFORE THEY WERE EVEN CONCEIVED IN ZUCKERBERG'/JPMORGAN'S HEADS; it has literally covered every single aspect of HOW TO ALWAYS WIN IN EMA25/50 so that if you stick to that Ted rule guide if you d on’t deviate whether it’s your ear me your timeframe / instinct or whatever the case maybe you will always profit that you will always lose a now and again don't get me wrong, no risk no reward right?
Yet its non-consequential if you're focused on the bigger picture like myself...which if you aren't, then why are you here?
All you have to do is win more than you lose THATS IT!
As long as you could maintain a 51% average on entries/exits YOU WILL ALWAYS PROFIT & NEVER LOSE money is it wack where everybody’s losing except for us and (maybe I have a soft spot; just a big heart & a lot of empathy...) as most of CT I know would say ya''ll deserve it & this time its our turn to reap in the profits while everyone else loses.....since we would survived cryptowinter — I had CT friends who are not with us due to suicide ( PinNed in the sub for /r/btc and all crypto related)
These guys do this and at the same time they’re laughing so I run circles around them and Use what they don’t have against him which is technology as these are mostly just Wall Street fatcats is a lot of money for the great ability to trade you don’t even know what the hell it is their trading and I can get that to my advantage.
My lengthy detailed signal for today’s long is XAUUSD with a w bottom to boot but u guys forced my hand..
Go ahead and sell this is not financial advise it’s just one wizards crystal ball— it’s all noise in these platforms anyway. The only way to get through to you guys to pay for promo for the moment by buying a bullhorn which — forgive me I’m not too keen on spending money to teach plebs how to make money.
Spread the word and do the right thing HODL. Additionally look at the link related — all bullish and
Rather than publishing new posts I’m just going to update these and re-open the new charts/exit points and I implore you guys to check it out later today: they’re all solid and my TA = already been done spent the better part of my mornin. get there early for max profits.
Disclaimer
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP , SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
Certain information set forth in this presentation contains “forward-looking information”, including “future oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; ( iii ) the expected development of the Company’s business, projects and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; ( vi ) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; ( vi ) renewal of the Company’s current customer, supplier and other material agreements; and ( vii ) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Peace & Love
@a1mtarabichi
P.S. Post to omisego forex short — just re-opened & XTC is XTZ (my bad)
Trading Idea : Buy India Cements Ltd.NSE:INDIACEM has made higher top & higher bottom after long range bound consolidation on weekly chart. Stock has crossed and currently trading above range bound consolidation zone. Stock is also trading above all key moving averages and RSI and ADX are also showing strength on weekly chart.
We are recommending strong Buy around 114-119 with Stop Loss below 97 (Closing Basic) for Target of 155 in next 8-10 weeks.
dhnwealthcare.com
AUD/NZD moving up 🦐AUD/NZD created higher high higher lows in the past few days and now just broke the resistance structure.
Based on the price action pattern we can see an "inside candle" and we can expect the marker to move further up.
According to our strategy we can look for a Long position at the resets of the structure.
Give us a like if you agree with the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.