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VIX withing the Andrews Pitchfork Framework pointing NorthThis is a reverse Andrews Pitchfork. The A Point is higher than the C Point. The Andrews Pitchfork is a tool, nothing more or less. This tool, applied correctly, projects the most probable path of price. So nothing magic or secret. The Andrews Pitchfork roots from a physical basis. And that's the reason why we can apply it on EVERYTHING that fluctuates. So, if you think it just works on Stocks or Futures, or any other money based product, you are missing out a very important point. However, in this chart, we see what's going on, trying to filter out some noise using the Line Chart. This is the exact same approach of analysis I'l do with every other product. I want to see a CIB = change in behavior. I want to see a SMACK! like momentum., followed by a scary one that follows ( confuse the crowd!). Here we have it picture perfect. Probably it's not by accident, because the VIX is a measurement of volatility = fluctuation (...of fear and greed). My personal (attention:) OPINION (...since I don't have a crystal bowl), based on the Andrews Rules and my analysis is, that we shoot higher, at least to the Center-Line. Means, markets would tank. Hopefully this helps you too, and awakens your interest in applying the Andrews Pitchfork to your trading. T'care out there - be clever and risk small. The rest will come. #LearnToEarn
TVC:VIXLong
by Tr8dingN3rd
1
NQ - Nasdaq below CL, going southThe white pitchfork is a "pullback fork". This huge monster measures the whole swing, from April 2020 to the highest point ever reached in the NQ. What is the benefit of such a pitchfork? 1. We see where the center is. Above the center, the market is very strong. It's likely that the market continues in the projected direction. Below the CL (Center Line) it's very likely that price will not jump above it again. So the only ways are sideways or down. 2. Knowing the rules how to trade the pitchfork, we have a nice test at the centerline. Usually we see another test, or even multiples, before the market is heading towards the L-MLH, the Lower-Medianline Parallel and beyond. So, if price falls below the L-MLH, a test/retest is expected and the next target is at least the first WL (Warning LIne...it "warns" that price could turn from there since it's overextended by 2 magnitudes). Let's be curious and put our observation Hat on. #learntoearn
CME_MINI:NQ1!Short
by Tr8dingN3rd
4
XOM - Re-Testing the L-MLHXOM is super strong. I use my favorite tool, the pitchfork, to apply projections of price, filtering, find entries, exits etc. What many pitchfork traders don't understand is, that they can't just apply this tool to the chart. I see many doing it wrong anyways, which has to do with identifying the correct pivot/swing/pendulum swing points, and not being aware of the rules. However, using the rules is equally important. Because the rules define the framing around this tool. Otherwise it's worth nothing, or even harmful to the trader. One of the rules says, that if price is trading outside the pitchfork, it often is going to test/re-test the line where it fell/zoomed out of. In this case it's the L-MLH, the Lower-Medianline-Parallel. As we see, the first test was just a couple days ago. Now, it looks like XOM is re-testing the L-MLH again. What happens after the re-test? a) price is either strong enough to trade back into the projected pitchfork again, recapturing the previous slope/path of price. or b) price will trade to the next WL (Warning Line), going south or eating up time by trading sideways. As a firm believer in the rules of the pitchfork, I'm long this stock, playing for a re-test at the L-MLH.
NYSE:XOMLong
by Tr8dingN3rd
PRICE ACTION TRADING | Bearish Flag Pattern 🔰 Hey traders, Bearish flag pattern is a classic trend-following pattern. Being relatively simple to recognize, it is applied in various trading strategies. ⭐️ The pattern itself signifies the correctional movement after a strong bearish wave in a bearish trend. After setting a new structure low, the asset starts growing in value and the price action legs start forming a rising parallel channel. What is particular about this growth is the fact that the price grows within the range of the preceding bearish impulse. 🔔 The trigger that we are looking for to sell the market is a bearish breakout of the support of the flag pattern (we need at least a candle close below). To not be caught by a false breakout, it is highly recommendable to wait for a bearish violation of the last higher low level as well. Only then the flag breakout is confirmed. The breakout signifies the end of a correctional movement. Then the price will most likely return to a bearish trend. ⚡️Trading the market aggressively, one opens a short position on spot just after the breakout candle closes. ⚡️The conservative trader will wait for a retest of the broken support of the flag for a safer entry. ✔️Safest stop will lie strictly above the highest wick (the last higher high) within the flag. ✔️Initial target will be based on the closest key structure support. Learn to recognize this pattern and be disciplined to wait for its confirmed breakout. Only then a high trading performance will be achieved. What pattern do you want to learn in the next post?🤔 ❤️Please, support this idea with like and comment!❤️
COINBASE:BTCUSDEducation
by VasilyTrader
19
AUTOMATED TRADING BOTS: How to profit with Tezos.Tezos is one of the best token for our robot. Our robot mainly uses the DCA (dollar cost averaging) trading method. If the price drops, instead of the Stop loss order, we have a Buy limit order. This will also cause the Take profit value to drop and approach the current price. If the price falls and falls, the robot buys and buys. This keeps the Take Profit lower and lower. After that, the price of the token rises and our trade ends with Take profit, which is not far from us thanks to constant and precisely predefined purchases. The XTZ / USDT currency pair is suitable for our demonstration. You see very high volatility. It is through volatility that our robot can be profitable. If the price still went in one direction without frequent fluctuations and without "waves", the robot would earn very little. We need great volatility for big profits. Volatility in the TradingView platform will be helped by the Historical Volatility indicator. This indicator often (on this time frame) intersects the value of 50.00, which is rarely affected for low-volatile currency pairs. For example, you would look for Bitcoin very bad around 50.00 on this time frame. The key to our profitable trading bot is volatility! At a time of market colapse, when almost everyone is going through and positions in the Futures markets are being liquidated on a large scale, we are EXTREMLY profitable thanks to our robots. Of course, it is very important that you know how big the position is and how often, or at what intervals it is necessary for the robot to buy more. In no case is every setting of the robot profitable, on the contrary, setting up a profitable robot is not easy. You will learn how to set up a robot to be constantly profitable in our Academy. PS: One of the best things about trading with robots is that you remove all emotions and decisions. We wish you a nice day. UCT team.
Education
by UltimateCryptoTrader
Quick Tip for Traders: (Please Read)In the past I've often left trades and forgotten I had them open. It's ALWAYS ALWAYS ALWAYS IMPORTANT to place a Stop Loss and Take profit, for every trade you place, especially if you Day/intraday/Swing & Position trade. I don't often scalp and if I do I'm usually in and out very quickly in around 10-15 minutes. Now lets say you place a trade, entry after candle close, from a level of support or resistance, test/re-test, pullback, breakout etc. Main priority is to establish the risk which I either make tight which is dependent on the trading environment (Trending) or if I'm going to hold the trade for a long time then SL below previous low. Followed by how much profit to take. Let's say the market is likely to increase 200 pips, I personally would make sure my TP is is around 20 pips under. Then, for joining the trade, I make sure almost every trade is made on either 1 hour chart or 15 minute, because pullbacks are more defined if you're able to establish the trend. I only use the 5 minute chart for re-entry if I've missed an opportunity. If I entered at 1.20514, I would be in around 60 pips profit. The beginner idiot me would have left the trade and done something else. It's important to establish if you're in profit, pips are like points that you score in a game. You play tactically and defensively to score as many points as possible, so if you place your SL at say 30 pips in profit, if the market turned on you, you'd close out in profit rather than a loss, in which case you'd now be running a risk free trade. Obviously, as the pips stack up, naturally you'd increase your SL in profit as well. So I hope this tip is helpful and improves your trading and limits your losses. Have a blessed day!
by UnknownUnicorn2215917
2
SOYBEANies - A simple approach to find hidden facts.Here's how I approach the beanies. It's a simple concept and it "works" over and over again. But...what do I mean by "work"? I mean, that this concept (...go by the numbers on the chart) helps me to understand, and to reveille what's obviously, but hidden from my eyes at the first glance. It's a simple plan what to analyze step by step...from top-down...exploring different types of facts and finally putting them together into a story that makes sense. That's it...no magic, just pure crafting. And you can do this too! Seriously, just start... P!
CBOT:ZS1!Education
by Tr8dingN3rd
Bitcoin - BTCUSD Back in the zone and ready to rise.The modified Shiff-Fork describes price very nice. We see how price find's it's way back to balance, below from the L-MLH. From the balance, the Centerline, price got rejected declined in a natural fashion into the prior Buy-Zone again, where we see confluence with the L-MLH, the lower extreme. The last Mile looks like price got pressured down. And as the ForkTrading members know, pressure lines often get broken to the opposite side. A rise up to the Centerline, or even up to the U-MLH seems likely to me. Let's find out if it holds true. P! ...don't forget to subscribe to the Free ForkTrading BLUEPRINT on my website.
BITSTAMP:BTCUSDLong
by Tr8dingN3rd
2
Tick Tock! Is it time to buy??? Hey Followers, Many are falling by the LTC sell off, I am not nor should you, if we have a look at the chart, we have hit the bottom of the range. Its a great place to look for a bounce. LTCBTC is in an extended range, with the top at 0.0238 and the base a tight area between 0.0186 and 0.188. This level is also the 50% Fib Retracement of the last move up. Price on the 4H chart has just hit the bottom of the range and this 50% Fibonacci Retracement and created a double bottom (Circled in Blue) and appears to now be putting in a first higher low. We are looking for a buying bar closing above 0.0190 on an Hourly or 4 Hourly chart. Its important we wait for the buyer bar as confirmation the market is watching this level. A close below 0.0186 would invalidate the trade and open up the possibility of looking for a Bearish entry. Entry High of the first bar to close above 0.0190 Slop loss is 0.0185 Target 1 is the first bar on the timeframe we trade to close above our entry Targets from there Just before the blue dotted lines on my chart at 0.0194 Target 1 0.0201 Target 2 0.0210 Target 3 0.0238 Target 4 - the black line I hope you all enjoy this trade, we hit some massive profits yesterday around 90% and if you can continue to follow we are going to see many more of these days ahead with the market repairing and improving new trades are jumping out.
Long
by DollarsAndSense
2
If we get the right pull back! Its Party Time.Hey followers, I have been watching ICN/BTC rally over the last couple of days but haven't been able to find a way into the party. We are now getting a pullback and have a quality support area in focus. Iconomi has been on a bit of a tear for the last few days, and is currently giving us out first pullback and potentially opportunity to join the party. We are looking for a pullback to the 0.000190 and 0.000186 support band. The support support band coincides with the 38.2% fib retrace. This band is support taken from the Daily chart. Once we get to our level we are looking for a decisive buying bar (closes by the top) on a Hourly or 4 Hourly bar, and we will buy when the high of that bar is taken out. Entry high of the buying bar bouncing from the support band. Stop loss below the bar and the band 0.000183 //////////////////////////////////////////////// Target 1 The first bar on my timeframe that closes above my entry bar Next Targets before the blue dotted lines 0.000205 Target 1 0.000219 Target 2 Enjoy guys lets get some profits in the bank!
ILong
by DollarsAndSense
1
Lest catch the Break out on BTC, and bank some ProfitsBTCUSD D BITFINEX Wow, could this look any better for the BULLS??? What a text book couple of days for BTC on the daily chart. I will mainly talk about my Trendline (Black line) , but have left the other on the chart (Pink line) as its clearly in play to some degree as well. So yesterday was a pullback day, How is that good for the bulls you may ask? Well for two reasons, with our new low having formed we have stayed above our support trendline (BULLISH). But its our Resistance Line that is key, having broken our resistance line we have come back and not only tested it but closed on it yesterday, and today not only are we building away, but we pulled back a little so we could bounce of it exactly today. The market has Advanced through this line, next day pulled Back and closed on, and next day Continued in the original direction based off it. Its technically perfect ABC pattern and a very strong bullish sign. The aggressive can enter anytime now we have the bounce with a stop below the broken line. Its more conservative to wait until the top of yesterdays bar is broken and trade up to resistance around 11800. Conservative Entry BUY 11066 Stop 10200 Target 1: Take profit the first time a Daily bar closes above your Entry Targets 2-3 Please bank Profits before the blue doted lines at 11174 and 11835
BITFINEX:BTCUSDLong
by DollarsAndSense
7
BTC Daily analysis: Volatility ahead as we decide directionBTCUSD D Analysis Hello followers, Lets take a couple of minutes and have a look at the king of them all the BTC, and see where it stands on a Daily Chart, and what the potential moves are coming up. I hope you enjoy the analysis i hope to update it daily as a road map for BTC trading. You can see clearly on our Daily BTC chart that we have once again closed below the Trend line (Black line) that dominates our BTc chart. We have yet to have a daily chart close above the line and must remain BEARISH until we get a close above on a 4H and eventually D Chart. WE can see the two previous touches on the line (Circled) have been followed by two aggressive selling days and this is such a key level we do need to see a break or we can expect to see more aggressive selling bringing support in at 9750, then the 200 ema, and potentially the pink dotted line at $8,000. Technically this chart desperately needs a new low, we have the seen the low at $6,000 and since then haven’t had a new low formed to give us a base to build off. For me a new low should have the 2 bars on each sode of it be above it. So yesterday’s bar could potentially be that bar. We would need the low of tomorrows bar to stay above the low of todays for me to be convinced. Once we have a new low formed we can start and build upwards with a lot more confidence. Price going below yesterday’s low would mean we are still in search of a new low, and we could well be going down a bit more. If we can get a close on a 4h Chart above the trend line, we can start and be cautiously Bullish, with a daily close above required for confirmation. Ideally we would like a Daily close above and then a retest on say a 4H Chart to get us in and long. If we get Bullish again targets are $10,780, $11,835, $12,762 and $14,937. Once this trend line breaks and eventually it will, I would expect an accelerated move up (especially if we have a new low forming). In summary I expect a bit of action in the next few days with the break or bounce of the trend-line on a 4H chart being a catalyst for some volume and volatility to come flying back in. I will have some more trades for followers later today.
BITFINEX:BTCUSD
by DollarsAndSense
23
NANOBTC, we were first and got it right, Here we go AGAINForget the followers, we got on Nano First, and will get it right again NOW Follow us to be first on these moves. I will post chart and entry now with some analysis to follow, Don't want to wait and miss the move. There is a fresh Entry setting up on Nano as it bounces off Support at 0.00140 and the 50 ema (THe Red Lines). WE have a buying candle setting up and of it closes Bullish i would buy the top of it. Entry based on current Candle 0.00146 SL 0.00139 Targets 0.00154 ( i will provide more targets) WE can now move on to the previous bar for entry at 0.00144
NLong
by DollarsAndSense
4
Never Fear, Dollars and Senses are Here with a ETHUSD set upETHUSD H COINBASE Welcome followers. Can your resident ETHUSD experts pick yet another winner. We certainly have another hot looking entry setting up for you. We will be focusing on the H chart but will also post the H and daily as part of this set up. MY entry is above the previous bar at 875. Stop loss is below previous lows at 855 Targets are just before the blue lines @ 895, 910 and 947 On the H Chart you can still see the red arrows from our last winner, if you are still in that trade chasing higher Targets you can add this position or just stay in your existing position. The blue arrows show this trade with the extension and then pullback to our level, with the dotted line being the projected next extension. Currently on the H we can see nice cyclicity with Higher Highs and Higher lows and has pulled back to its 200 Ema (The Green line and 50 ema The red line) as well as the strong black angled line on my chart. That line is a Trend line from the Daily chart, and we have a small breal and retest going on. Note we haven’t closed below since we broke. On the 4 Hour Chart you can see price has pulled back nicely testing the 50 EMA Red line On the daily chart you can see the long term trend line we are attacking on the shorter Time Frames To make dollars you decisions need to make Senses, Time frame support helps lower time frame trades.
COINBASE:ETHUSDLong
by DollarsAndSense
5
MOVING RIGHT NOW, The latest mover and the biggest opportunity $ Hey my beloved followers, Here is the latest coin to get on the move as a reward for your patience. Dollars and Senses has been stuck on a plane and not posting for a few hours. Here is a good one to ease us back into the groove. Also thanks to those of you in our chat group for bringing the focus to the fast movers in real time… a few hundred eyes is better than 2 in a markets that’s growing in options to watch all the time Jumping into moving coins always carries a degree of risk, what’s happened has already happened and the further something has actually moved, the less it has left to move. Still if we can find the right moves and the right pullbacks they are great opportunities to earn fast profits. I am going to start with a very aggressive entry on BCPT and will then comment with a more conservative set up. You can see on our chart that the dotted 0.000124 has become an important level in recent time, It’s a high set Feb 25, and has then been broken, retested and bounced off early today as part for a sharp move up. That move has now come back to our 0.000124 level, and the 23.6% fib retracement (Overlaid) and gives us our opportunity. Please note we haven’t pulled back even on these time frames to any EMA which shows us how early we are in the pullback. The is risk here but the fear of missing out is also great. The set up is to aggressive for us to just buy the current level or test of the level, we need a Price action conformation. We need a decisive Buying bar (Closes towards the top of the bar) on a 30 minute or hourly chart. Once we have that we will buy as price takes out the top of the bar, with our Stop Loss below the bar and the level. From there first target is a a large scale out just before my blue line at 0.000132 If you want to make Dollars your decision needs to make Senses: Its hard to catch fast moving coins, when you can get the right entry you want to get in I will keep you updated here. Daily Quote Enjoy! "Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting!
BLong
by DollarsAndSense
9
ETHUSD confirms a reversal on H Chart, lets get in and make $$$$ETHUSD H Coinbase ETHUSD brings clarity and a Trade ETHUSD has channelled down and has finally put in a double bottom. Its then put in a Higher high and pulled back to support at 827.18 (The Orange line) and then bounced up. This is a classic ABC pattern, we have Advanced through the level, Pulled Back to the level, and advanced up again. For the entry we need the current bar to close above the 50EMA. If it does we will buy the top of the bar and put a stop loss below the previous bar. Targets are just before the Blue lines at 872.62 and 896.18 To make Dollars your decisions need to make senses: It’s a messy market, keep your risk low.
COINBASE:ETHUSDLong
by DollarsAndSense
11
The Crystal BallBTCUSD BITFINEX 4H Hey followers and welcome to a new Chart, post and bias on BTC after our last marathon. Since price came back to the key $9,750 level, not much has happened in terms of price movements, but what has happened is crucial to our Analysis, and Bias and dictates our next entry. We have sat in a small range but we have a 4H close below the level. Not the close of the next 4 H Bar is crucial. If the bar closes RED, price will have fallen and we will have an ABC Pattern and entry short and a clear SELL signal. If it closes GREEN we will have a Ring Low, a classic Bottom structure that would be very Bullish. It would be a Clear buy signal. For the aggressive trader any Break of the recent lows at $9,516, would be a sell, and a break of $9,750 could be a buy. Clearly it’s a key area on the chart and we will hope the US volume will come in and make it clear for us. Of these entries I would be prepared to sell the first break below $9,516, and will write it up for you. I see a break being very Bearish. If we go long just use the Blue levels. Sell $9,515.00 Buy back Targets just before the Orange lines at $9,013.00 and $8,338.00, I will post more targets if we get entered. Quote of the Day "Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting!
BITFINEX:BTCUSDShort
by DollarsAndSense
19
NBT/BTC Ready to go, big winning potential $Hi Fellow Supporters, As you've seen on past few trades we have been winning lets make this another one. NBTBTC BIttrex Analysis Dollars and Senses always starts his Analysis on the daily Chart. You can see on NBTBTC that price has given us a classic ABC off the 50 EMA (The Red Line). It has Advances through the line, pulled Back to the line and Advanced to continue in original direction. DSS loves trading ABC patterns. On this one I didn’t get in on the bounce point, so need to wait for another opportunity. On the daily chart I can buy the break of the previous bar high. It does give me a small profit before the next Resistance level. I will write this up for thse that cant be in front of your charts as it’s a likely entry soon. ABC Entry 0.000104 or above Stop Loss 0.0000947 Targets are just before the Blue lines 0.0001085 Target 1 0.000118 Target 2 0.00014 Target 3 0.000181 Target 4 I will post this now as entry could be soon, and have a look at the shorter timeframes as comments If you are going to make Dollars you need to have an idea that makes Sense, so here it is everyone and enjoy. Daily Quote, "Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting!
NLong
by DollarsAndSense
6