USDZAR Potential Retest & Long Term LongCurrently on a Weekly retest, will be expecting a Long trade once we get the reversal pattern completion. Currently in a Short down to bottom of range / Trend-line.
Learn
USDCHF Short on Retest of SupportPrice broke below both Weekly Trendline & Support level, failed retest on Friday and posting a nice flag now. Waiting for Candlestick action.
NZD/JPY - Market Update - Further downside? NZD/JPY - Market Update - Further downside?
Previously on this pair we've seen a major 78.60% Fibonacci rejection (followed with a minor 61.80% Fibonacci rejection). Everything has been indicating for price to reach a Minor Support of 78.280 - 79.000.
Unless we break 81.500 that would give us a indication to continue up. But everything is leaning towards a potential trend-change for this pair.
AUD/USD - Market Update - Price expected to reach 0.80000AUD/USD - Market Update - Price expected to reach 0.80000
Last week we noticed that price had a 23.60% Minor Fibonacci Rejection (despite it not hitting it to the PIP, I consider that a rejection). We are projecting price to reach 0.8000. If price does reach that area, we may be entering a -Critical Zone-.
If we manage to see any strong -bearish- candle close around 0.8000 we could place a potential CTT (Counter-Trend-Trade) and ride it down to 0.7750. If we have confirmation.
EUR/CAD - Market Update - Will the 90 Day consolidation end thisEUR/CAD - Market Update - Will the 90 Day consolidation end this week?
We've seen for the past 90 days that price has been ranging between 1.47500 - 1.52500. We've seen a few break-outs here and there but we have managed to break thing range/consolidation.
If we manage to break 1.52500 we could potentially see price reach 1.54000. However; we do have a -Critical- area we have to pay attention to.
Resistance of 1.52500 aligns with a 78.60% Major Fibonacci area. If we see a -Bearish- candle close. We could potentially see this pair maintain it's consolidation and make it's way back down to 1.5000 (1st Target) - 1.47500 (2nd Target)
XAU/USD - Market Update - 78.60% Major Fibonacci has been brokenXAU/USD - Market Update - 78.60% Major Fibonacci has been broken!
We were struggling all of last week with our Resistance of 1325.00. However; price couldn't break it's consolidated zone of 1312.50. Making another wave to the upside. We've broken our Major Fibonacci of 78.60% which means that we are expecting price to reach 1350.00 and possibly -ABOVE- by the end of this week.
Potential bearish movements are far away from happening unless we see price struggling with 1350.00 (If price does reach that area).
Strategy for ALTCOINS VS BTC (Beginners) - How To Split Your BTCOne of the many issues beginners face when trading ALTCOINS, is how to split their money.
Where to invest? How much to invest? How long to wait?, etc.
It happens that in this market, the cryptocurrency market, opportunities are endless, and we are bathed with a wave of new opportunities all the time, everyday, but this can turn into
a problem rather than a solution. A disadvantage rather than an advantage. Why is that?
Well, if we don't have a plan we tend to make mistakes, because of lack of experience.
We might join a trade and buy an altcoin, we feel all pumped up and hyped up, and feeling good and positive. The next minute another opportunity comes, and this one seems bigger and better, and somehow you don't want to wait, you move to the new one, on and on. Leaving loses behind each time you jump from coin to coin, and worst yet, the action seems to start, almost always, as soon as you go.
So how do we deal with this problem?
How can we plan to take advantage of all the opportunities, without worries and end up in success?
That's the question that I am here to answer for you.
THE 10% PLAN
Let's say you have 1 BTC (Or 0.10 BTC), or any amount for that matter, and a awesome, charismatic, helpful and optimistic trader, like myself (:P), posts a new idea and you want to join. How much of your capital will you put in?
Will you put in 100% Of your capital? NO.
"Well this is a huge trade", "This guy knows his stuff", "I will take the chance to recoup my losses", etc.
Remember that we do not, and cannot, predict the market. We look at signals which points to a certain direction, but the market can choose to do whatever it wants. That's why we set targets and also stop loss.
So instead of putting all your money in one place, divide all your trades in increments of 10.
You have 1 BTC, then you have the chance to open 10 trades.
You don't have to join them all at once. You are not losing anything if your money is resting fine.
This new trade I just posted, you can put in 10%. Set it and forget and you will do well.
The next trade, go ahead, another 10%. Now you are feeling good, because you have a plan and you feel strong.
And even if the trade goes wrong, you have 80% of your capital safe, and in the worst case scenario, you will see a 10% loss.
On the other hand, if the trade goes as planned, and you get to earn, you can be looking at a maybe a 100, or even 200 percent.
Follow this strategy wherever you go.
And trust, that in time, you will see your money grow.
NAMASTE.
NGAS Wait and then LongHere is the updated chart and plan. We got a bearish report which will make it decrease as trend suggest and then once public panics and they exit their longs, smart money will enter.
XAU/USD (GOLD) - Aggressive 6H Entry (Trend-Change)XAU/USD (GOLD) - Aggressive 6H Entry (Trend-Change)
@: 1282.30
S/L: 1274.00 (-74.5 PIPS)
T/P: 1292.05 (+98.6 PIPS)
Risk:Reward: 1:17-1
ENTRY: We have seen our 6H candle close -ABOVE- our major trend-line indicating a trend-change. As well as our 8H and 1D candles. We are looking for our Major T/P area of 1300.00 but our 1st T/P area is 1292.05
S/L: We placed our Stop +10 PIPS -BELOW- our Weekly Support area of 1275.00
EXTRA: Gold is a very volatile market, we don't have any major news coming out in the next few hours so we shouldn't see any odd movements. But again gold sometimes can be unpredictable. Our Risk:Reward isn't the BEST but it is above our Minimum of 1:1.
*This is NOT a signal. We are NOT responsible for any type of losses you may encounter. For inquiries on our Advance Training please email us at TheForexClubFX@gmail.com
USD/JPY - Aggressive 6H Entry (Trend-Change)USD/JPY - Aggressive 6H Entry (Trend-Change)
@: 113.692
S/L: 114.445 (-75.3 PIPS)
T/P: 112.130 (+156.2 PIPS)
Risk:Reward: 2:12-1
ENTRY: We have seen our 6H candle close -BELOW- our major trend-line indicating a trend-change. As well as our 8H and 1D candles of closed -BELOW- as well. We are looking to potentially reach our Minor Support of 112.130 area.
S/L: We placed our Stop +10 PIPS above our Minor Resistance area of 114.355.
EXTRA: Usually at this time of day the market can be kinda slow, and we can see a potential draw-down. However; we don't have anything to worry about. If price were to manage to get hit, we will possibly we in a trend-change to the upside and recover our loss if that were to happen.
*This is NOT a signal, we are NOT responsible for any type of losses you may encounter. For inquiries on our Advance Training please email us at TheForexClubFX@gmail.com
AUD/USD - Short-Term-Trade - Conservative 4H Trendline Rejection We had previously placed a -Aggressive- Entry for this pair. As stated previously we have waiting for the 4H candle to place our 2 active position for this trade. It is a little bit risky due to the fact of all the news we have upon us. But overall we are still predicting a down-side for this pair. As long as we don't see price closing -ABOVE- our trend-lines we should be fine following this current down-trend we are currently in.
As of right now we shouldn't be adding any more positions and letting these 2 active trades ride.
EURUSD Potential Gap fill EURUSD demonstrating bearish momentum with the price consolidation (Bullish price becoming more narrow) which represents a weakness in the bulls. We have a channel as seen on the chart with 5 waves complete with the formation of a bearish belt hold formation. 1.100-1.1100 being a key holding area we can expect price to fill the gap which is a 50-61.8% retracement on the 5th impulse; this will also create a RT of the bearish "BlUE" Trendline. We can expect price to pick up bullish momentum around this area and reach 1.1200. However, a break below the channel will confirm the continuation pattern of a rising wedge on a bearish trend which can push price lower. However, our entry for this trade will be executed on PA confirmation, entries will be seeked on the H4 or H1 time frame.
Potential Long Set Up On NZD/USD NZD/USD has been down trending since January and it finally reached a significant event area which previously acted as a support with a one leg touch. The market is playing the perfect role for a retracement, we've had strong momentum outburst on the sell direction the past couple of days and that's most likely constitutions pushing the market down to catch all the amateur traders out once it reaches this significant event area, where all the pros start buying the market.
IMPORTANT: MAKE SURE YOU RISK MANAGEMENT IS AT A GOOD LEVEL, DO NOT RISK MORE THAN 3% OF YOUR TRADING ACCOUNT PER TRADE AND THAT'S ONLY ON A HIGH PROBABILITY TRADE!
SNAP - Potential of two centerlines?I had right now a fellow trader asking me about which centerlines could be met, if I have two forks on the chart. The answer is: either of both can be met, even if the other one is a very big one like the one in the current Gold chart:
Why is this possible?
It is a question of the perspective, the context:
If you look for "quickies", then you probably prefer to trade the smaller ones, because the TIME it takes to reach the centerline of the smaller fork is shorter, even if both have the 80% chance to be hit.
So, think first what you can stand, what your style of trading really is and with what product you trade it. And by "product" I mean the underlying or options or futures etc.
I like to trade options very much.
But I seldom only buy options, I look for theta - time decay and collect premium.
If my assumption of a market is heavily directional, then I use options too, playing my chances with a RiskReversal (Selling options for a premium which finances me the bought options, that are usually two or more times the bought ones.)
Go slow, learn (by asking like this trader) and then you will earn...it's a process and it takes time.
P!
AAPL - Soon at upper MLH, let's observe how it acts here...Learning means observing.
More then not in trading.
By observing a "living" object, we can understand instantly what's going on and how it moves.
Let's learn and take advantage of this knowledge in the future.
P!
XAUUSD - Context!The Chart is mostly self explanatory.
Here are the very important things to watch:
Swings and Pivots are CLEAR identifiable.
But one has to keep both in context.
When it rains, it can rain drop by drop, or it can pour like hell.
You can drive a care, or you can race with your car.
...see what I mean? It's all about context.
To eliminate guesswork in the charts, a nice trick is to go higher in timeframes, or load much less data.
If I would load only 5 years of data, instead of 10, it would be a much clearer picture what the real trend is.
Please don't take this as the only truth in the world, I don't mean it like that.
I just share my years of learning, knowledge and facts I have gained over time.
So, it's just my framework, how I learned from the greatest Chartist I know in the world.
Within many years of work, I was able to grasp what he hammered me in my head...it took a long time for me, I'm slow, but happy now ;-)
Peace!
How to paint Fibonacci Circles (fib circs)If you want to know more about Fib Circs, start with these basic 4. Then start painting more, top to bottom, bottom to top, bottom to bottom, top to top. Then you can start finding future points matching the price action.
AUDCADPrice often creates Sine Waves.
These SW's have centers, which get broken very often.
Here we can observe that price did break the smaller SW already.
But there is also a bigger one cooking.
Let's see if price has the juice to break this one also and if we
can manage to take a short ride with price.
Patience...patience...
P!eace ;-)
ES - Rule Of Hagopian...once more...The rule of Hagopian says, that if price fails to reach the centerline, it will move in the opposite direction more then from where it came. I have observed this thousand times and the accuracy is insane.
1) the missing of the centerline
2) the start from where price came from...price went back further
Now I'm very courious if there is enough juice left to break the A/R's channel upper extreme.
P!
ES 15min. with some A/R & LinesA/R & Forks catching the price action even on the 15' charts.
Let's observe together what happens at the lines.
-TECHNICAL ANALYSIS CENTER--NEW SIGNAL-
Type : Pending Order
Date : 26.8.2016
Time : 00:30 GMT+1
Technical : PPZ Trade
Pair : EURGBP
Timeframe : Daily
Trade setup : Sell limit
Entry at : 0.86066 ( 55 pips left )
Take profit 1 : 0.84985 ( 110 pips )
Take profit 2 :
Take profit 3 :
Stop loss : 0.87147 ( 110 pips )
Risk reward :
TP1 – 1:1
TP2 –
TP3 -
Our risk :
- Touch trades/Wick plays = .25-1% risk depending on the situation
-TECHNICAL ANALYSIS CENTER-
Note : Just to show you what mean PPZ.
Posted alert : 26.8.2016
Pair : EURGBP
Trade : Sell limit
Analysis link :
Fibonacci Spirals #01To help better understand how to use Fibonacci Spirals when trading, I have decided to dedicate a topic about them. My quest here, is to consistently generate predictions using Fibonacci Spirals. I have only recently started to see a pattern and once I found it, I could somewhat consistently reproduce the same results, that is... visually. I could not however expand the indicator to predict, only to accept the past. What had already happened.
Before we commence, there's one thing you should know about Fibonacci Spirals on TradingView.com (at least at the moment): they don't scale proportionally to the chart. It so seems there is a miscalculation which fire once you begin to scale the chart. For this reason I would suggest not scaling the chart when using this indicator.
I have used Fibonacci Spirals to create V-shapes at the bottoms. Each Spiral is positioned from the lowest low to the past high or future high. From thereon all intersections that have been made in the far future with those spirals have been marked and given colours corresponding the spiral's colours.
I shall elaborate in the near future.
