Troy continues to climb perfectly before swap. ($TROY)Helen of Troy! Zoom out to the big picture and buy the dip. Troy is setting up as a massive win for all those seeking new value from DOGE and XRP gains. Swap and airdrop coming shortly.
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Troy Trade is a global prime broker specialized in crypto trading and asset management. It provides crypto brokerage services for institutional clients and professional traders with products such as spot & margin trading, derivatives, data, custody, lending, and staking in one account.
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What is the TROY Token?
Functions as the medium of exchange in this organic network
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Serves as relay medium for the exchange of unconventional token trading pairs in-ring matching
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Means of access to features in Troy and burnt as gas fees
Incentives for brokers and to reward brokers contributing to maintaining a global ecosystem
FInancial advice disclaimer in signature. DYOR.
Good luck.
Institutional
275 pips EUR/USD swing tradingThis idea I made is based of smart money concepts. There seem to be several confirmations that this trade will go as planned. News affecting the price of the USD is going to be released on Monday too, which is expected to be good for USD. This reinforces this trade as the USD being stronger will make the EUR/USD pair go down in price in a faster amount of time. I will probably hold onto this trade until maximum early May.
Stop loss - 52.7 pips
TP1 - 113.4 pips
TP2 - 275 pips
USD/CHF buy based on institutional candlesOn the 4hr and 1hr chart, we see that the previous high was an order block (evident by the high volume). Order blocks by definition end up getting filled to create a fair price for buyers and sellers (in this case sellers) to get back in the market.
The stop loss is set underneath the previous support. It doesn't sit on the support because the high volume on Monday may cause it to dip below because of the orders being placed on the weekend.
TP1 is set above the previous resistance. 50% of the position should be closed at that point. TP2 is halfway through the order block (which is where most orders would lie).
EURUSD Analysis for the Price Movement Since January 2021This is the analysis of the 2 swings on the Daily Chart of EURUSD. Jan-Apr 2021
We can clearly see the pattern repeating itself on the course of the first quarter of this year;
The price is, as we know it completely random, but we can remark that it is fractal meaning that we can spot the same behaviours/patterns on the Monthly as well as 15m chart or any other Time Frame.
The initial high in both moves is the one which broke the structure of the previous trend, liquidity purged and continued the move down,
after which we can see the first pullback ( marked with green elipses).
Continuing the move down; each swing has its own initial Low situated in the same place of the swing, proving the symmetry of the move.
Then, marked with 2 red curves, delineating the post-low reaction to attempt in creating the Lower High, only to continue pushing the price down.
Afterwards we can see a second low being formed for both swings, grabbing the downside liquidity and having a reaction to previous order blocks, creating an institutional move, which pushed the price upwards.
Finally, the two symmetrical upthrusts come to fill the FVG / imbalance. The two upthrusts have almost the same lenght (2.43%)
In Conclusion we can say that the market is completely random but it has a series of patterns repeating themselves over and over again.
To have the edge on our side we must carefully follow the Macro Global Geo-Political situation and use our knowledge to do the Micro Technical analysis. With all these combined, using Price and Time as our guide, we can perform good trades; sticking to our trading plan, excluding emotions when trading, staying disciplined in respecting the rules we make for ourselves and in the end staying persistent and consistent. Day in and day out.
That is how 5% of traders stay successful and other 95% lose in this industry.
Kind regards,
Skrnicki Lukas
Stop Extended Slightly - Move down to beginAfter extending my stop slightly to accomodate this pair begrudgingly, I have now observed a near perfect Wyckoff schematic of distribution on the 5m timeframe.
If I am correct the institutions will begin their sellof shortly as I believe we are in the last phase where we saw increased volume with a rather weak reaction compared to the previous test where we had no volume but an increased spread and reaction.
As always, please be responsible with risk and manage your trade.
USDJPY H4 - LONGUSDJPY H4 - LONG
We are expecting another test into the zone, potentially creating a lower low before a bullish impulse, breaking out of structure, creating a higher high. With that, we anticipate the higher low formation with price action patterns before taking a LONG position towards the next resistance area.
EURGBP [LONG] Institutional TradingLooking at the chart, we have seen within the blue box 4 touches of this level. This is filling the retail traders with confidence that a breakout below which is what's just occurred will continue that trend.
Nice long candle this morning clearing the liquidity on buys and now that people are putting on sells they will push the price back up to clear those stops for further liquidity then onto reaching equal highs.
The pink box I've drawn indicates the money they will need to get back at some point so could see this as a long term trade up to that point.
TP#1 is the first green line
TP#2 is the second
GOLD LONG TERM BUY IDEA (2k)MY ANALYSIS > SRT , PRICE ACTION , INSTITUTIONAL ORDER BLOCKS AND FIB RETRACEMENT
CURRENT MARKET IS IN A STRONG UPTREND.
GREEN DOWN ARROWS INDICATE POTENTIAL SELL OPPORTUNITIES.
RED UP ARROWS INDICATE POTENTIAL BUY OPPORTUNITIES.
DOUBLE BOTTOM FORMED 1684
POTENTIAL BUY OPPORTUNITIES IN 1740 – 1775 – 1820 - 1880.
INSTITUTIONAL ORDER BLOCK LEVELS - 1688 – 1800 – 1880.
THANK YOU
XAUUSD TRADE IDEAPrice creates liquidity from clearing equal highs at around $1750, following the double bottom formation formed at $1680, which created liquidity from a 450 pip stop run after clearing equal lows from 8th March. Price balanced out the previous imbalanced bearish move to $1680, and a bullish move to the liquidity sitting at around $1750 followed shortly after, as expected. Now I expect the price to retrace back to around $1700 to clear the imbalance created by the last bullish move.
This anticipated direction also supports my bullish bias for DXY, which I expect to retest near the 92.900 level.
TRAP FOR POOR RETAIL TRADERS on AUDNZDPrice has approached the top of a very visible parallel channel as well as a resistance area.
It's dangerous to trade short as big banks, hedge fund, institutions will have the opportunity of a big amount of liquidity that they will use to fill their orders. Basically they might drive the price higher with big capitals, and hit all retail trader's stops.
Be carefull.