Highlow
EUR/USD Weekly Trade setup August 22, 2022Bolinger Band & MA:
the price is entering the buy zone, but beware that there is no sign of bounce back yet from daily and weekly chart. So we are expecting to see at least 1 or 2 bearish weekly candles before the price go back to short-term bullish or small retracement.
Gann Fan:
looking at the weekly and monthly gan fann. current price i at 4/1 line area, if you are patient enough, a short-term bullish retracement is quite promising.
we looking for the price to go lower. entry wise, we are going to start to place buy order by phase when the price go lower. Spread your entry to make a higher P/L ratio.
USD/CHF Weekly Trade setup August 22, 2022Bolinger Band & MA:
the price is entered the sell zone of last week, however the price also hits on weekly BB lower line and MA 50. expecting a stronger bounceback
, breaktru sell zone of last week and make its way to 1.000
Gann Fan:
looking at the weekly and monthly gan fann, current price at 3/1 line area. looking forward for the price to breakthrough current resistant on 1.0000 and go even higher to 1.05 in the recent future.
we looking for the price to go higher but for entry wise, we are going to start to place sell order by phase when the price go higher. plan your stoploss, and have a backup plan.
USD/CAD Weekly Trade setup August 22, 2022Bolinger Band & MA:
breaktru upper BB line on daily, and on its way to go to upper BB line weekly. looking long for this week
Gann Fan:
current price between 1/1 and 2/1 area of gann fan. looking forward for the price to go to 1.32 and go sideway for awhile until it slowly go up to 2/1 line.
looking for long in cad, but the way to it might be slightly slower compare to other currency pairs
BTC Volume Profile AnalysisHello all
After realizing the volume profile is my new favorite tool i decide to start publishing my ta ideas...so here it is...
since BTC left the $10,000 range we have had 2 major rally's and are technically still in an uptrend since are last swing low was a higher low...that said taking a look at the POC of these rally's we can see that the POC has not been breached since our last swing low.....( see what I'm getting at : )
this leads me to believe that since we are in an "uptrend" the dbl rally POC will function as a magnet...
so as of now i will be taking longs on pull backs and targeting our magnetic POC...
How I Find Trends In Markets Finding Trends in the market is a tool needed to stay on the right side of the trade.
Here I attempt to help you out by giving some tips that I have found through my 7 years of looking at the charts.
I have noticed that while the focus is on the avg close of the markets that isn't where trends take place in fact aiming for the avg is a good way to continuously lose on trades. In the video I show how to place trades based on the extremes Highs and Lows to aim for better returns while providing my insights on why looking at the market in these terms is better than standard way of looking at markets
Stop-Loss idea if you enter ETH soon. Long and ShortHere are 2 different stop-loss that could be used for Long or Short if you plan to enter a position soon.
ATR Stop-loss
Long = 1,610
Short = 1,873
High/low Stop-loss
Long = 1,408
Short = 1,760
I did not include the Pivot Stop-loss as Eth is currently breaking out of it.
Values are picked from our Stoploss Picker script
Whatever you do, always use a stop-loss when you trade!
Stop-Loss idea if you enter BTC soon. Long and ShortHere are 3 different stop-loss that could be used for Long or Short if you plan to enter a position soon.
ATR Stop-loss
Long = 36.007
Short = 39,913
High/low Stop-loss
Long = 34,333
Short = 38,708
Pivot Point Stop-loss
Long = 32,171
Short = 38,708
Values are picked from our Stoploss Picker script
Whatever you do, always use a stop-loss when you trade!
SPY Weekly Higher Low Set?Ticker: $SPY
SPY dropped down to lower lows WITHOUT any follow through. This gives bulls the chance to get some sort of bounce going to start next week. Like always, volume will be key if this is indeed a bounce or "significant" bounce.
Bulls have to break 331.20 resistance to start the week in order for us to say our weekly lower high (319.80) is set. The $NDX or $QQQ, basically tech sector) is relatively stronger than SPY so I will keep an eye on that if it breaks first.
If it breaks first, that can be an early indication for bull momentum and I may enter a bull position for a scalp.
Remember, don't be bias, just go off of technical because the fundamentals will drive you crazy in addition to your emotions.
4h futureOk let see what we have here.
Symmetrical triangle
Ma's support
New HL in rsi
Macd axis cross !
Cross under in a few next candles on 9k area :)
Lets talk :D
This cross telling us we are going to have a new strong support from now :) and its 9k !
4h chart is in a big triangle (I talked about it in my last update for 4h chart) we are touching the edge and I know that a correction will be happen here if we fail in breaking the resistance.
Rsi broke the last HL and macd confirmed it, so we are going to test the resistance soon today or tomorrow.
Do not worry about down trend, 4h chart telling us 9k is our new support, you can see we have several touches with different lines here ...
Lets see what will happen here.
If you liked it, please hit the like button, share and write your comments, thanks for reading.
Take care, trade safe
Comparing weekly candles for month of March - YoYI've gotten sucked into creating the script for this study and lost track of my reasons for creating it in the first place. I was playing around with the idea of comparing weekly/monthly candles sizes seasonally/YoY (however that is stated). I'm running out of time to publish this study. I promised a 6 yr old I would go outside with him. Good Luck
Oldinvestor
The script to this study will be included below