Inside Bar
GBPJPY inside day breakout with 8ema correction.Most of the pairs got inside days yesterday as the market didn't do much in 7/4.
Among them I'll be focusing on this GBPJPY as it got enough rooms for correction,
and also, there will be NFP number today so trading GBPJPY may be a better option before NFP releases.
It's rare to see a 30 pips inside day for the king of fluctuation, so it would be an attractive trade for me!
Let's see how it goes yo!
SPX500 inside day after all time high!!This is a trade that I always like a lot.
Of course I'm aware of the rising gold price and the coming earning season,
while the logic is: if it's still able to break the inside day to the upside despite all the risk events,
then it's still a very good long!
Let's see how it goes!!
BTCUSD inside 4hr after 21ema correction long !It seems that I've posted several with-trend inside bar trades in a row lol,
and luckily enough, all of which were great trades!
6/26 NZDUSD
6/24 XAUUSD
6/14 BYND
All of these trade had one thing in common: Looks SCARY for those non-momentum traders
While, as long as it's uptrend and gave a proper set-up, my answer is simple as always:
Why not!
Only want to take the breakout long yo!
If it breaks to the downside before triggers the entry this trade will be cancelled.
Let's see how it goes!
XAUUSD inside 4hr long opportunity, it's never too high to long?There is still a week left in this crazy inside month breakout June!
Actually I'm quite aware of the weekly butterfly, but I need at least a daily reversal sign to confirm the bearish mindset.
That is, before the daily reversal sign, I'll be still willing to remain bullish and look for set-up to long.
Here we got this inside 4hr after ema correction, a good long in 4hr chart if it's able to break to the upside yo!
Let's see how it goes!
USDCHF inside week breakout and this pull back longUSDCHF is a very complicated pair with inside month breakdown but inside week breakout;
what's more, in terms of supply zone, this inside week breakout just hit the previous weekly supply zone.
so there are mixed perspective among traders recently!
In my view, I would like to respect the inside week breakout a little bit more as it's able to test the 1.0000 fig,
so I 'll be willing to take this pullback long @ 0.9980.
Let's see how it goes!
EURUSD: Break Below 618, Approaching Inside Bar Demand ZoneEURUSD fell as the 618 level failed to hold the price after ECB Draghi signals for more rate cut.
The price is approaching the demand zone created with an inside bar breakout that sent the price soaring and break above a 3-month falling channel.
What's more important now is how will the Fed react during FOMC as the Fed has already signalled for a probable rate cut earlier.
Look for buy opportunity as the price approaches 1.1160.
BYND inside day after 8ema correction? Of course!!I posted an idea about pure momentum fig breakout trade a few days ago in Chinese version of TradingView.
It was an crazy 150.00 fig breakout to go straight to 186.00 in one day!
And here we got an inside day, which will make me very exciting about!
willing to try again if it's able to break to the upside yo!
Let's see how it goes!
BTC Update! Watching Daily Inside Bars!Keeping a close watch for daily inside bar break. We had our initial break down to $7427 two days ago with high of that candle at $8105. Yesterday we saw an inside bar with high at $7933 and low at $7570. And again today we are on a daily inside bar. Bulls really want to hold $7570 or risk a daily inside bar bear break and crashing to lower lows on this pull back as I do expect lots of stop losses to trigger for anyone in positions and with $7427 not too much lower, I'll expect bears would drive price down to that and again trigger even more stop losses.
Just My 2 Sats!
AUDUSD: ABCD Pattern; RBA Rate DecisionAUDUSD has completed 2 waves of retracement which formed an AB=CD pattern.
It was completed within a supply zone defined by a previous low turned resistance.
RBA is expected to cut rate but AUDUSD has climbed for the 3rd consecutive week.
Besides, an inside bar break down has just happened in the H4 chart and the price has retraced back into the inside bar.
Thus, this would be a good price to sell and a good opportunity to take.
XAUUSD 4hr bearish bat and supply zone short!I traded the inside hr breakout on Friday with a 1295.5 entry,
I have a hard time deciding how to put my out today as I don't want to give up everything but there aren't appropriate pivot to trail.
While regardless of my long positions,
I'll have an eye on this 4hr bearish bat and supply zone short, which would possibly be my price target to take some profit.
That is , short-term speaking, I would still love to take some long trade before it reaches there!
Let's see how it goes!
Trading styles. Part 3/5. Trend continuation breaks.Buying breaks / continuation in bull markets this strategy is usually a little "slow", but often winners the problem is it can go back before going up so a tight stop loss is likely to get hit often even when being right, in bear markets moves can be violent.
Those I can think of
* The triangle / flag pattern / falling wedge
These have always worked and still do. Pretty decent. Works really well on Bitcoin up to now.
This is my first post on trading view, I was still an innocent young buck (just kidding this was barely over 1 year ago)
Another one on Bitcoin, I bought before the break in the green area at the bottom because I just knew (market was extremely manipulated at that time & they showed me their hand), but a regular break buy at 9750 with a stop at 9150 (below swing low) and getting out at 11000 after resistance was rejected was still a reward to risk ratio of 2. Those continuation patterns carefully selected are wins at least 50% of the time. You do the math:
An example on gold
* The inside bar break
Some examples
You know what asset high timeframe trend following inside bar breaks have worked great with?
* Supply & Demand area breaks
I really do not know if this works. Literally 0 experience.
I do not like it. The idea joining the low timeframe trend and going against the higher timeframe one.
Not my thing. It may work, it certainly works under the right conditions and everything.
Going to throw some examples but these are just that.
(Shorted at the top btw - chart is reversed)
Here is a similar one on copper, retraced in supply area, then broke above actually pretty strongly but did not go very far and reversed:
(Shorted at the top btw)
My favorite stock here:
Bitcoin again:
Stock market 2016:
Such a strategy (buying supply area breaks) might work. I believe the odds are in your side if you don't or at worse just miss out, don't go buy once we are below demand area of course, but not short either; And vice versa.
Novice buyers buying because their 6 month lag indicator tells them too? LOL.
Ok these are the 3 types I know. I think this is it?
The head and shoulder being a reversal kind of break it is not described here.