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BTC - Elliott wave Analysis from 1/8/19 - Learner's moduleThis post is for those who wish to improve their Elliott wave analysis. Interested traders can comment their wave counts. Wave counts will be updated based on the discussion in the comments. Right or wrong, feel free to comment your wave counts. This post is only meant to learn. My wave counts can be right or wrong, as I am also a learner. Do read my earlier post(link post shared in the related ideas below) where I analysed the bigger picture of BTC's correction. Here are some resources for learning Elliott wave theory - Books : Five waves to financial freedom by Ramki N. Ramakrishnan(I am currently reading this) Elliott wave principle by A.J.Frost and Robert Prechter Mastering Elliott wave Principle by Constance Brown Online : elliottwave-forecast.com school.stockcharts.com school.stockcharts.com school.stockcharts.com bullwaves.org www.thebalance.com
by karthiksai
What is Price Action? All Indicators are a Derivative of PriceThere is no one clear definition of price action. It can be as simple as "Every tick on any given chart, of any given market." However this definition is too broad and does not adequately describe the term. A better definition is "The collective result of buyers and sellers entering the market for any logical reason, which together create reoccurring patterns that can be analyzed and capitalized." Price action is based on humans behaving rationally, logically, and similarly in similar situations over time, and is the cumulative effect of institutional trading. It has been, and always will remain fundamentally unchanged. If you compare a chart from 100 years ago (such as the crash of 1929) with one of today with the time scales removed, you will not be able to tell the difference between the two. It does not matter if you compare a yearly, monthly, daily, or even 1 minute chart with any other chart of a different time frame. Price action appears the same and works the same in every market, and on every time frame. The institutions cannot hide what they are doing; price action is their foot print. Price action can be used to invest long term, or day trade any market. It allows a trader or investor to identify opportunities without the use of any indicators. In fact, all indicators are a derivative of price action in one form or another. Interestingly, the patterns which repeat as well as trend tendencies can be observed on different charts, even outside of markets. Can you tell a difference between these two charts? The first is a daily chart of CSX. The second is a 5 minute chart of the MES (micro s&p). All markets and charts look the same, and behave similarly. Once you understand the information within, you can understand what the institutions are doing at any given time.
COINBASE:BTCUSD
by tradersmentality
1
USD/JPY - Fibonacci Retracement & Double Top4HR and 1HR Timeframe depicts a double top. Price broke the neckline and is now currently retracing. Price is sitting at Fib Level 38.20% (Green Zone) - Price action indicates that bears have some momentum. I think bears will start to reach resistance right around Fib Level 50.00% if bears continue to remain strong last enter could be around Fib Level 60.00%. If bears show no weakness and close pass the final price entry I would consider this trade a no go as rules would be broken. Ultimately looking for some signal of price action to enter the trade. Note: There are two key levels that price is currently heading towards. Be on the lookout for some consolidation and signs of entry at these areas of possible opportunity. Trading Journal #12 - Austin S.
Long
by austinlmkc
1
Market Volatility The vix indicates how volatile the market currently is. Right now, the VIX is sitting at 14.40. A neutral market is indicated by a vix being at 17. Since the vix is sitting on the low end, we should continue to see the market stay relatively safe. However, with all the ongoing issues of a slowing global growth, trade, and poor economic data, it would be best to keep your risk appetite low until things smooth over. The VIX is currently trading below the 50 EMA and 200 EMA.
CBOE:VIXEducation
by ZakaryP
2
Short AUD/USD based off my Price Action Study I've been looking for a short opportunity on the 12hr and 8hr charts since price action has been so bearish on aud/usd and there were a couple of triggers lining up that motivated me to enter a position. Main one being the daily chart above bearish trend price has pushed back up to support/resistance area 12hr chart showing indecision candle Entered a little later than I would have liked, however I think I have pretty tight S/L and the postion has a 1:2 risk/reward ratio
Short
by psyd3fx
2