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META: THE SELLOUT IS NOT DONE YETSome of you've wondered what is a good spot to add couple more Facebook stocks to your portfolio. Well, here is your short overview. There is a strong trendline that has been holding for past couple years. Sometimes the price didn't even make it to that level, but with 100% consistency the trend has always bounced up from it. Currently, the plan is to wait for the bearish run to be over (with a pull-back between the 2 support zones) and then execute a buy order at around 170-175$ (wherever the trendline would be hit). Stay tuned for updates on this trade and have a great day!
NASDAQ:METALong
by Investroy
10
Trading in Books vs Trading in RealityWhat we study in the books is always different from what we have in real life. For example, French language that people learn and exercise in textbooks is slightly different from the French that we speak in France, as we tend towards using informal language and slang phrases. Same rule applies to trading, as the market is not 100% accurate with what we have in the books that educate us on trading. What we have in the books is absolutely crucial to learn the basics and even more. However, while applying the learned theorem in practice, in our case in the real-life markets, we notice that things are different. Thus, it is important to combine these two elements (on and off the market education) to master the craft. Furthermore, beauty always lies within simplicity. What's written and illustrated in the books, is the most understandable language of trading. Hence, the expression "textbook stuff" exists. The more experience you gain in this field, the more you will realise that it is crucial to keep things super simplistic if we want to have a crystal clear vision of the market.
BITSTAMP:BTCUSDEducation
by Investroy
21
BITCOIN (BTC/USD): bottom of the channel reached. To the Moon?Just like predicted last week when the price of BTC was forming a top at the upper boundary of the formed ascending channel, the price dropped all the way down till $40k area of support of the illustrated channel. Now, some patience is needed, as before jumping or dropping, beginning to impulse, the price always consolidates for a bit and forms a top/bottom pattern. We are expecting for the price to drop a little bit below the area of support, complete the "liquidation phase", and form a valid bottom before it can continue growing and reach the top barrier of the ascending channel.
BITSTAMP:BTCUSDLong
by Investroy
24
USD/CHF: further growth is most likely to happen The sentiment of the market is still bullish. As it can be noticed from the graphical illustration, the price has nicely broken out of the formed descending channel and has come back down to re-test the broken upper boundary of it. Moreover, it can also be observed that the price has rejected the 50% Fibonacci retracement level and is now building up to continue its growth. We are setting our initial target at 0.946 area of resistance and patiently waiting for the price action to do its thing.
Long
by Investroy
7
GBP/JPY: where to enter and ride the trendJPY has been really weak for the past few weeks, creating nice opportunities for traders to benefit from shorting this currency. If we take a look at the current situation that we have on Pound-Yen, we can notice that the price is building a top to complete a short-term correctional move of the impulsive leg that took place yesterday. We are patiently waiting for the price to complete the correctional move before we enter BUY positions and ride the trend. We are eyeing the zone of 162.2 as a possible zone to go long from, and will be setting our initial target at 164.7 current Higher High.
Long
by Investroy
3
GOLD (XAU/USD): detailed breakdown and long-term targetFirstly, taking a look at the WEEKLY timeframe chart on the left-hand side of the screen, it can be clearly noticed that the price has nicely rejected the important zone of support illustrated on the graph that lines up with the golden zone of Fibonacci. Zooming into the 8-hourly timeframe graphic, it can be inferred that the price has broken the upper boundary of the sideways moving range with really powerful bullish candles and the price is now ready to keep rising to the upside. There is only one zone of potential resistance which is the area of $1966, from where the price can print some short-term bearish moves before continuing its growth. However, our long-term target is set at the ATH price and we are pretty positive that there is a high chance the price will reach that mark in the long-run. Have a great trading week, everyone!
OANDA:XAUUSDLong
by Investroy
16
USD/CAD: short-term correctional move before further growthThe price has nicely broken the 1.253 zone of resistance and we are now waiting for a re-test of that zone before expecting further bullish moves. As it can be inferred from the current price action, the price is being unable to push to the upside and needs some correction before impulsive moves happen again. Thus, we have marked the zone of support illustrated on the chart that lines up with 0.382 Fibonacci retracement level as a possible area to enter BUY positions from. Our initial target will be set at 1.27 zone of previous support now turned resistance aligning with 0.618 Fibonacci level. Happy trading, everyone!
Long
by Investroy
16
EUR/GBP: the price is forecasted to continue risingAs it is can be clearly seen from the graphical illustration, the price is continuing its bullish movements to the upside. The price managed to drop below the zone of support of the ascending channel and take out early entrants before going up again. From another point of view, the price simply visited the area of 0.831 crucial support and gained volume before spiking up. Either way, the price action is playing out nicely and we are predicting a long-term growth and setting our first target at 0.851 area of resistance
Long
by Investroy
7
IGNORE THE NOISE AND NEGATIVE EXTERNAL ENERGYTrading is a one big system that consists of various different components: technicality, psychology, money management and so forth. The most difficult one out of all the elements is definitely psychology. Human psychology is a perplexing system that studies our mental process and behaviour. Our behaviour and mood rely on multiple internal and external factors. In our everyday life, our behaviour towards something can easily change when being affected by negative energy. The very same principles apply to trading. Our decision-making process can easily get fogged and mood get ruined after experiencing some losses, opportunity misses and so on. Even worse, our desire and will to keep trading and striving for success can get intercepted by some negative opinions and attitiudes of surrounding people. It is totally acceptable to live a life that others do not understand. If you want something really bad, nothing can get in your way and stop you from achieving it. Block all the negative energy. Keep prospering, working towards your ambitions, and proving all the people that did not believe in you wrong! Investroy
BITSTAMP:BTCUSDEducation
by Investroy
19
What Traders Want vs What Traders Get"It is a marathon, not a sprint". One of the statements that perfectly describes trading. But what does this proclamation really mean? I quote William Shakespeare: "Go wisely and slowly. Those who rush, stumble and fall". Great things take lots of time. 90% of all people get false expectations about trading before they enter the industry. They think it is a "get-rich-quick" scheme. In reality, it takes months/years of practice, hard work and experience to reach the doors of consistency and profitability. Furthermore, consistency in trading does not necessarily imply that every trade will be a winning one. It just indicates that if you keep following your trading plan, be risk tolerant and disciplined, you will be profitable and successful in the long-run. We encourage you all to be patient and just ride with the trend as there is no need to rush anywhere. After all, Rome was not built in a day. Hope you all enjoyed this quick educational and informative post! The purpose of this publication was to give you all some guidance and keep you motivated so you can continue your journey to the top of the mountain. If you have any more suggestions and recommendations on what our next educational idea should be about, feel free to let us know in the comments section below. Investroy
BITSTAMP:BTCUSDEducation
by Investroy
19
GOLD (XAU/USD): deeper drop incoming?As it can be inferred from the graphical illustration, the price has been trading within the boundaries of a formed sideways-moving rectangular box for quite a while. The price has nicely rejected the upper boundary of the box and is now headed to the downside. If the lower boundary of the pattern gets broken, it is more than possible that we will see the price plummet further. Our initial target is set at 1877 zone of support. Happy trading, everyone!
OANDA:XAUUSDShort
by Investroy
11
USD/CAD: example of evident Stop Loss hunting. Next step?Last Friday, we published an article scrutinising Stop Loss hunting and everything about it. If we take a look at the USD/CAD chart, we can clearly observe that the price spiked below the previous Low 1.243 and went back up immediately. Due to the fact that market participants tend to set their Stop Losses around this particular level, the liquidation phase took place before continuing movements in the destined direction. If the price manages to close above the 1.246 area of crucial support, we will be looking for BUY positions and aiming for the zone of resistance identified on the graph that lines up with 0.618 Fibonacci retracement level. All in all, our bias remains the same and we will be patient before entering positions.
Long
by Investroy
6
BITCOIN (BTC/USD): do we all see the same thing?Yes, the price was able to break and close above the 45k zone of strong resistance. But has it been able to continue its upside movements? Does not look like it. If we observe the DAILY timeframe chart, we can identify that an up-trending channel has been formed and the price has nicely rejected the upper boundary of it. The question is the following: did the price spike up above 45k to grab liquidity before dropping? Or it is respecting the formed channel and rejecting the upper boundary of it? Either way, we will act accordingly and elaborate further. Zooming into the H4 timeframe chart, it can be inferred that the price has been able to break below the ascending trend-line that is illustrated on the graph and re-test the local zone of resistance (47k). From here, we can conclude that the price will most likely be continuing its downside movements. However, the accurate target would be unknown, and therefore, we will be looking for short-term targets and taking profits along the way. The upcoming zones of support are the following: 44,200 and 40,500. We will be closely monitoring the price action and observing how far the price can drop before continuing its upside movements. Hope you enjoy the technical analysis, wizards. Have a great trading week! Investroy
BITSTAMP:BTCUSDShort
by Investroy
9
USD/CAD: massive zone of support reached. Middle-term reversal?It can be clearly noticed from the graph that the price is currently forming a nice bottom on the zone of crucial support. Considering the fact that the price has been dropping for quite some time, correctional move is definitely needed. A nice bearish candle left a huge wick to the downside on the 30th of March, rejecting the local zone of demand and printing strong bullish candles. We are highly positive that the price will keep rising till the zone of previous support now turned resistance that lines up with 0.618 Fibonacci retracement level as illustrated on the chart.
Long
by Investroy
6
Stop Loss hunting: the whole truth and the logic behind itGood time of the day, dear TradingView family! Welcome on another educational post by Investroy. Today we are gonna be talking about Stop Loss hunting. We will scrutinise what it is, how it happens and what's the logic behind it, and how to possibly avoid being "liquidated". Have you ever had the price trigger your Stop Loss before impulsing all the way to your Target Profit and hitting it? If the answer is yes, then you have probably been a victim of Stop Loss hunts. But what is Stop Loss hunting? In simple terms, it is a strategy that forces some participants out of the game by driving the price to the level where they have set their Stop Loss orders. As we all know, retail traders always look for some sort of confirmations before entering a position. It can be a candlestick pattern, a moving average cross, a double top / double bottom formation and so on. They enter a position and set their Stop Loss a few pips above/below the local supply/ demand level . What happens 90% of the time is the price spikes up/down, hits the Stop Loss, liquidates so many positions and participants from the trade, and then continues moving alongside the trend. Why does it happen? Institutional traders know exactly what they need to do and which levels they need to buy/sell. Consequently, they set their buy/sell limit orders at places where they know retailers would set their Stop Losses, because they need to generate liquidity before jumping in the train. It does not necessarily signify that they track where retailers put their Stop positions, it is just they are more than sure which levels are crowded with Stop Loss orders. We have prepared some examples in order to better elaborate on the issue and scrutinise how the case looks visually. Of course, these are only simple exemplars. It does not unquestionably mean that the price will always behave this way as the market conditions change quite often. Looking at Example #1, we can see that the price spiked above the level of the right shoulder of the formed H&S pattern before continuing its downside movements. Now, which action do most retailers take once they spot these textbook patterns? They execute right away with their Stop Loss above/below the structure, which results in the positions getting wiped out. Example #2 shows how the price spikes below/above obvious levels of support/resistance before continuing movements in the deliberate destinations. Example #3 illustrates how obvious ascending/descending/sideways channels are, and how easy it is to get liquidated instantly, before the price carries on moving in the destined end. How to avoid being eliminated? Well, you won't always be able to run away from Stop Loss hunting, but if you develop a proper working strategy against it, you will be able to identify possible zones filled with Stop Loss orders and avoid setting one around that area. If you are not gonna think long and hard about where you are gonna put your Stop orders, you will easily get eliminated in a sea of Stop Losses. Thus, think outside of the box and have patience before jumping in a particular trade. Hope this educational idea is useful! If you have any comments or enquiries, do not hesitate to ask in the comment section below. Also, if you want us to make an educational post on a topic that interests you, feel free to drop your recommendations and suggestions in the comment box as well! Have a great rest of the week! Investroy
BITSTAMP:BTCUSDEducation
by Investroy
16
GOLD (XAU/USD): detailed breakdown. Growth will continue?Taking a look at the WEEKLY timeframe chart, it can be inferred that the price has nicely rejected the zone of support that lines up with 0.618 Fibonacci retracement level. Zooming into the DAILY timeframe chart, we can observe that the price has been nicely rejecting the local zone of 1915 support. We are carefully eyeing the price action and looking forward to opening BUY positions. $1960 is our initial target and $2050 is the long-term one. Happy trading, everyone!
OANDA:XAUUSDLong
by Investroy
8
GBP/JPY: detailed multi-timeframe chart analysisTaking a look at the DAILY timeframe chart, it can be inferred that the price is currently in the process of completion of the correctional move. Narrowing down to the H4 timeframe chart, it can be observed that the price is trading at the level of previous support later turned resistance. Going even further and zooming into the hourly timeframe chart, we can see that a downtrending channel has been formed and the price has been able to spike above the area of the upper boundary to gain some liquidity. We are now patiently waiting for the price to keep dropping and we have set the area of 159.0 as our initial target.
Short
by Investroy
19
What type of trader are you?Everything in this world comes down to several important aspects: how much time are you willing to spend, how much risk are you willing to take, how much realistic reward you expect, and what is your stress capacity. This is no foreign to the world of trading and investing. In order to be a successful trader, first, one should understand what type of trader he/she is. The breakdown above generalizes answers when it comes to the 3 most popular trader types. Let us know in the comment section which one suits you the best and why! As per usual, have a great trading week, family!
BITSTAMP:BTCUSDEducation
by Investroy
26
EUR/USD: detailed chart breakdown. Where is the next target?As it can be inferred from the chart, after breaking out of the ascending trend-line illustrated on the chart, the price has been ranging between the borders of a formed consolidation box. Right after the markets opened a few hours ago, the price dropped and closed below the formed rectangular box to grab some liquidity. It is highly possible that the price will perform a correctional move before plummeting even further. We are eyeing the 1.1 zone of resistance lining up with 0.618 Fibonacci retracement level for possible SELL positions. The target will be set at the March Low of 1.08. Happy new trading week, everyone!
Short
by Investroy
18
USD/CAD: correctional move needed before possible further dropAs it can be inferred from the graphical illustration, the price of USD/CAD has been dropping for a while. After a strong impulsive move, a correctional move is needed. The price is currently sitting at an area of crucial historical support. We are expecting for the price to consolidate for a bit, form a nice bottom, and keep rising in the short term. The target will be set at 1.267 level of resistance that perfectly lines up with 50% Fibonacci retracement level. Happy trading, everyone!
Long
by Investroy
15
Trading Mountain: How to reach the top step-by-stepHey, family! Good time of the day and welcome on another educational post. As we all know, the road that leads to successful and consistently profitable trading is a pretty difficult and long one. It takes years of hard work, patience, dedication, and experience to reach the top of the trading mountain. Many beginners make similar mistakes before starting their journey. They tend to have false expectations and a distorted vision of the big picture. As it can be inferred from the graphical illustration, the mountain pattern connects dots and shows a realistic path of a successful trader to the top of the hill. We all start somewhere, right? We start taking our first steps and making ourselves familiar with the thing we are interested in. In the example of trading, it can be the first YouTube video that we watch, a chapter of a book related to investments that we read, first chart analysis that we make and many more. What comes next? We decide on the type of a trader that we are. Do you have enough time to sit in front of the charts for several hours and press BUY/SELL buttons, or you are busy 90% of the time and prefer having a portfolio full of long-term positions? After we have decided what our strategy will look like, we build a trading plan around it and make it a part of our lifestyle. We identify our trade entry criteria, risk management plan and so forth. Backtesting our trading plan is a vital part for the journey. It can take days, weeks or even months. However, it will be worth it at the end of the day, as it is crucial to link our strategy with the trading plan and find out how profitable it will be. Executing, optimising, journaling. Where did I make a mistake? What could have been done better? What should I change in my trading plan? It is important to stick to one single trading plan and optimise it along the way. Before trading with real money, it is recommended to open positions on a demo account with virtual money. Getting a hand of things, practising the market and gaining experience is important. After having traded on a demo account for several consecutive weeks, months or even years, we can move to a real trading account. Demo account is completely different from a real account, both psychologically and mentally. Putting real money on the line is much harder than playing around with fake simulation money. Thus, it is advised to start with a small amount and get used to it before moving to larger sums of money and increasing the trading capital. After everything is went through and all hills are climbed, the top of the mountain will be reached. Of course, being a professional trader does not necessarily signify that there will be no failing trades and the win rate will always be above 90%. Losing days, weeks and even months will always happen. However, as long as you diversify your portfolio, stay cold-blooded, disciplined, and follow risk management principles, you will be profitable in the long-run.
BITSTAMP:BTCUSDEducation
by Investroy
21