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NG1! Nasdaq futures. What's next ?The Nasdaq has been selling off in the last couple of trading sessions. On the Friday trading session it did however put in a stellar performance to cap what looked like a potential big down day. That initial move on Friday triggered many trailing stops and stop losses (I was stopped out of one of my holdings for instance), and buying pressure followed clearing the way for a bullish looking candle right on the neckline of a head and shoulder formation (bearish). Although Nasdaq futures are currently trading down, previous experience has told me not to underestimate the power of a fake move (like the Friday move) right in the center of a decision point like a neckline. These moves can trigger a strong squeeze action on short positions (or long), so much so that the initial bearish pattern( head and shoulders) falls apart completely. Caution is advised on big new positions at this point and I suggest to sit tight for at least 2-3 days to establish if the up trend or downtrend will continue.
CME_MINI:NQ1!
by KoosKanmar
BTCD ANALYSIS / PREDICTION - RALLY vs ALT SZNImportant to keep an eye on Bitcoin Dominance. Alts have been doing great while it's trended lower, but now it's reached the bottom of a macro ascending triangle and looking for support. I've outlined 2 possible scenarios. One - BTCD rallies and continues to range in the pattern. Bullish for BTC, Bearish for Alts. 2. BTCD rolls over, and Altcoin season ensues. Indicators on the 1D TF seem pretty bullish for BTC, at least in the short term, but we'll have to wait and see how it all plays out. I don't think this bull run is over, but you have to shift focus from BTC to alts and vis-versa and keep an eye on BTCD and TOTAL2 market indices so you don't buy or sell at the wrong time. happy trades CD
CRYPTOCAP:BTC.D
by cryptodonovan
6
Dow Jones Industrial Average Index feedChances of Downtrend: Price drop from resistance forming Inverse Cup and handle Rising wedge reacting to lower resistance with MACD conforming, momentary downtrend, which has a high chance of breaking through weak support. Chances of Uptrend: Possible chance of a bullish rectangular pattern forming Possible change in stocks Possible news release RSI may react with a potential buy signal Conclusion: Have a Sell stop order ready for below support, close at a suitable position.
CAPITALCOM:US30Short
by areshkhayatidaryan29052002
BITCOIN CURRENT TRADE RUNNING + 7.31% GAIN! ARE IN YOU IN?BTCUSD RUNNING +7.31% from the 4HR time frame (Based on 1% risk) OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
COINBASE:BTCUSDLong
by RossTyler
S&P 500 SELL STILL VALID FOR ENTRY (BUY HIT 3 X TP'S / +5% GAIN)SPX500 SELL VALID !! BUY HIT ALL 3 TARGETS OR CLOSED FOR A 5% ACCOUNT GAIN BASED ON A 1% RISK ! Trade made a great move, hit a couple of loser on the way before the sell took off. Let's see what happens ! OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
OANDA:SPX500USDShort
by RossTyler