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UPDATE: Week Commencing Feb 6 GBPJPY Outlook: Still long UPDATE: WC0206 GBPJPY Outlook: Still long until DTF LL is broken MTF Analysis Check annotations in the anchored notes for M-W-D-H4-H1 analysis. I've updated GJ's outlook for this week from the last one published in January -- specifically the Weekly Anchored Note Weekly Timeframe Outlook Sun,1/22/23 - Bearish downtrend UPDATE: Mon, 2/6/23 1. WC 30 Jan weekly candle ended up being a lower high. A 120 pip rejection wick from December's low. 2. There is a weekly and monthly imbalance that is coinciding with - December's 50% level (almost) - January's high - Previous week's high - This is supported by the 200 EMA (Daily TF) as it will be tapping it / be under it. Weekly BIAS: 1. Price is bullish until it reaches/ taps #2's confluence areas. 2. Once it taps #2 conf areas, it will melt until it reaches January's low (which is also coinciding with the last Daily TF lower low) -- price will tap this daily and monthly conf area and then it will rocket and resume the bullish trend that it has been having. ON THE FLIP SIDE. 1. The last low of the Daily TF. 155.39 X January low -- if price pierces that level and continues all the way down then it may just melt until the next monthly key level which is around 150.75 2. It may just continue the uptrend all the way at least to the M&W trendline FUNDAMENTAL HIGH IMPACT NEWS FOR GJ FEB AND MARCH Date Country & Event 2023, February 07, 08:01 (United Kingdom) BRC Retail Sales Monitor YoY 2023, February 10, 15:00 (United Kingdom) Goods Trade Balance Non-EU 2023, February 10, 15:00 (United Kingdom) Goods Trade Balance 2023, February 10, 15:00 (United Kingdom) GDP MoM 2023, February 14, 15:00 (United Kingdom) Employment Change 2023, February 14, 15:00 (United Kingdom) Claimant Count Change 2023, February 14, 15:00 (United Kingdom) Unemployment Rate 2023, February 15, 15:00 (United Kingdom) Inflation Rate YoY 2023, February 16, 07:50 (Japan) Balance of Trade 2023, February 17, 15:00 (United Kingdom) Retail Sales YoY 2023, February 17, 15:00 (United Kingdom) Retail Sales MoM 2023, February 17, 15:00 (United Kingdom) Retail Sales ex Fuel MoM 2023, February 17, 15:00 (United Kingdom) Retail Sales ex Fuel YoY 2023, February 21, 17:30 (United Kingdom) S&P Global/CIPS UK Services PMI 2023, February 21, 17:30 (United Kingdom) S&P Global/CIPS Manufacturing PMI 2023, February 24, 08:01 (United Kingdom) Gfk Consumer Confidence 2023, March 01, 17:30 (United Kingdom) S&P Global/CIPS Manufacturing PMI 2023, March 02, 13:00 (Japan) Consumer Confidence 2023, March 03, 17:30 (United Kingdom) S&P Global/CIPS UK Services PMI 2023, March 07, 08:01 (United Kingdom) BRC Retail Sales Monitor YoY 2023, March 10, 11:00 (Japan) BoJ Interest Rate Decision 2023, March 10, 15:00 (United Kingdom) Goods Trade Balance Non-EU 2023, March 10, 15:00 (United Kingdom) GDP MoM 2023, March 10, 15:00 (United Kingdom) Goods Trade Balance 2023, March 14, 15:00 (United Kingdom) Unemployment Rate 2023, March 14, 15:00 (United Kingdom) Claimant Count Change 2023, March 14, 15:00 (United Kingdom) Employment Change 2023, March 16, 07:50 (Japan) Balance of Trade 2023, March 22, 15:00 (United Kingdom) Inflation Rate YoY 2023, March 23, 20:00 (United Kingdom) BoE Interest Rate Decision 2023, March 24, 07:30 (Japan) Inflation Rate YoY 2023, March 24, 08:01 (United Kingdom) Gfk Consumer Confidence 2023, March 24, 15:00 (United Kingdom) Retail Sales MoM 2023, March 24, 15:00 (United Kingdom) Retail Sales YoY 2023, March 24, 15:00 (United Kingdom) Retail Sales ex Fuel MoM 2023, March 24, 15:00 (United Kingdom) Retail Sales ex Fuel YoY 2023, March 24, 17:30 (United Kingdom) S&P Global/CIPS Manufacturing PMI 2023, March 24, 17:30 (United Kingdom) S&P Global/CIPS UK Services PMI
Long
by RSC_FX
1
BITCOIN Key Levels! Analysis! Hello,Traders! BITCOIN is going up from the Lows and has broken a key Horizontal level which is now A support at around 18500$ And keeps going up to retest The resistance level 1 At 25000$ and If this level Gets broken then the next Resistance level will be At around 29500$ Please, keep in mind that These levels are wide and Are more like areas rather Than lines so adjust your Analysis accordingly Like, comment and subscribe to boost your trading! See other ideas below too!
BITSTAMP:BTCUSDLong
by TopTradingSignals
9
Link / btc Upward trend 545 days! Pivot points. Potential $The LINK coin has been moving in an uptrend for a year and a half !!! 545 days !!! Since the inception of the uptrend, the coin has now grown by more than + 1000%. This is one of the rare coins that goes against the market. Now there is a correction to the uptrend line. Watch the line of the uptrend when the price approaches it. It is very likely that a large ascending triangle will form inside a huge expanding triangle. The uptrend will be supported by the uptrend line. Entrance three options from the development of events: 1) From the uptrend line, if confirmed. 2) On a breakthrough or rollback after a breakthrough of an ascending triangle if this formation is formed. 3) Entry into the short if the line of the uptrend, the price breaks and fixes under it. Target. All targets in three trading options on the chart. If this formation of the ascending triangle is confirmed, the wave potential inside the ascending triangle is + 80%. Also, the development of the potential of the ascending triangle if it is formed + 200% of the resistance. Or +280% of the uptrend line. If the uptrend line is broken down and the price consolidates below it, then the potential for working to lower the price opens, as the coin grew by more than 1000% against the market in a year and a half. Stop Loss. Under key support levels during your entry into the market. But when setting Stop-Loss, consider the potential volatility of this tool.
by SpartaBTC
3
Adding Pivot Points to the Zone PredictorAfter a few years of development on the Zone Predictor indicator/strategy, it was suggested to add Pivot Points to show confluence between the trading Zones and the Pivot Points on a higher timeframe. By adding the Pivot Points, one can clearly see the levels at which there may be a better opportunity to trade the Zones around. This chart is MNQ using 40 range bars (just to show 10 point moves in that market). The Zone Predictor provides the trading target areas and by showing the Pivot Points taken from a 15 min timeframe, it becomes more clear which are Zones that have greater potential. Using different lookback lengths on the Pivot Points also shows where levels have been touched and breached multiple times.
CME_MINI:MNQH2023
by NorthStarDayTrading
7
TSLA RepeatTSLA is being played with by institutional Robos. I expect a pop up to the blue 8 EMA Line. Watching 114.20 for resistance, 117.14 is a first target, 120 area being a nice wall to hit before dropping or moving further into the 125-130 area. If we hit the 120 wall I suspect we will retest today's highs for support. TSLA is finding its feet. IF we are able to clear 122, then 125, I think TSLA has clear skies to 130-135 area with minimal pull backs. Some of this requires the SPY to play nicely. Lately, TSLA has been inverting the market. It's been atypical as far as market moving goes.
NASDAQ:TSLALong
by Battle-Trading
Is it your strategy or you???What is your strategy? If asked, could you explain it to one of your friends or family members? More importantly, does it make sense? Is it clear? Teaching or Sharing your thoughts & methods leads to a deeper understanding of the content. If nothing else, speak aloud and hear your reasoning out of your own mouth before taking a trade. My current strategy is to take a defined structure from Swing High to Swing Low or Swing Low to Swing High and use it as the basis for my analysis. Naturally, the structure will indicate a trend, and I would need to decide if that trend is in alignment with or contrary to the broader market. Either is fine, but this distinction is essential when assessing targets and risk. I have to constantly remind myself that I don't know what the market will do. Since I don't know what the market will do, it follows that I should be open to changing my mind and also safeguarding against my ignorance. With this being said and firmly in mind, there are three levels that I like to pay attention to. They are: Breakouts of previously established key levels. The .618 Retracement & 1.618 Extension (current and previous structures) Between the .786 & .886 Simple enough. I'm sure that your strategy for entry can be explained in layman's terms as well. The issue typically doesn't lie in the analysis it lies in the trader's ability to follow said analysis and follow it consistently. Does this sound relatable? You spend hours or maybe even days conducting your analysis, waiting for the market to make its move and give you some indication of what might happen in the near future. As time passes, things seem to become more clear, and you see your opportunity coming. Sure there are a few unexpected movements that happen along the way but that's just how markets move. Price approaches your entry but not yet. Hell, it may not actually reach the level at which you established as a good entry. So you enter early and let the candles fall where they may. If you have fixed stops, now your levels are thrown off. If you don't, then any concept of risk that you had in your mind has been altered and you now bear the task of making mental adjustments to compensate for a completely different trade. Because that's exactly what it is, a completely different trade, with new numbers, figures, distances, R&R ratios, and new implications of risk. The market moves in your favor, possibly even nearing your predetermined target. If it's a fixed number of pips, then that number has changed. If it was a fixed target then your projected profits have changed. This may not seem like a big deal but for beginning traders who are establishing their system, this means everything. Every decision you make against yourself has future implications on your equity curve, but also on your confidence and understanding of what you are doing in the market. In order to be consistent and profitable in the market we must learn to trade in a consistent manner with a strategy that will prove to be profitable over time. The market continues to move but it has taken a sudden turn against you, whatever profits you had are quickly erased and price action now edges toward your stop loss. You've been stopped out only to learn that if you had been patient at entry and kept your original strategy in place, you wouldn't have been stopped out, and price action would have ultimately gone in your favor reaching your target. The point of all this is to illustrate that we unconsciously make changes to our strategies as we are deploying them. These changes have a compounding effect on the outcome of our trades. Even if you are made a winner by these changes you've made, you will have reinforced a bad habit that will undoubtedly lead to many losses in the future. There is power in understanding the unique set of tendencies and preferences that make you the type of trader you are. If you continue to ignore this, you will rightfully take your place amongst the other 90% of failing traders. When you start to pay attention to your own uniqueness and figure out what concepts, ideas, strategies, tools, and methods resonate with you, then you will be on your way to developing a system that you can trade consistently. Losing is a part of the game. You may as well lose in a manner that produces feedback that can be learned from. Are you losing because your strategy needs adjusting or are you losing because your psychology needs adjusting? It should be stated that any given trade, from start to finish, can be, and typically is, more nuanced than what I've just described. Its simplicity should not overshadow its intent. The chart attached to this post shows that there are multiple opportunities for entry for mine and, quite possibly, your strategy. All a trader needs to do is be patient and allow the market to tell you what it is doing. Along with entries are maintenance and exits. Targets are just as important as entries if not more so. Your unique perspective as a trader will heavily impact the decisions you make in all three phases of trading. Levels of Development LLC is providing this material for this site and any other related sources (including newsletters, blog post, videos, social media and other communications) for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and may not represent specific trades or transactions that we have conducted. In fact, we may use examples that are different or the opposite of transactions we have conducted or positions we hold. All investing and trading in the securities market involves risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments, is a personal decision that should only be made after thorough research, including a personal risk and financial assessment, and the engagement of professional assistance to the extend you believe necessary.
BLACKBULL:US30Education
by LevelsArchitect
Higher resolutionHigher resolutions aka lower timeframes have several uses: HIgh res levels 1) For more precise entries past the positioned levels. You have a level on your current resolution, a level you want to use, let's call it "X". You turn in higher resolutions, and scale in around the levels there, past the X; 2) For precise entries during positioning. You have a level that you expect to be positioned 'that way', let's call it "Y". You turn in higher resolutions, and scale in around the levels there, past the Y. An example on the chart is exactly about that. Suppose we expected a 1M level (red line) to be positioned as support. We've opened 1W chart and scaled in at 1W levels below the level; 3) Overridden levels. Forgot to mention, just as overridden waves, overridden levels do exist. It really concerns an imaginary level called value aka fair price. Usually, when you have an overridden wave -> value level in the middle of this wave, the real levels around value exist only deep in higher resolutions, and are already cleared, long time ago. So, they kinda "reactivate" again inside an overridden wave, near the value; 4) For scaling out. When offloading risk, you don't want to do it at the levels that You, yourself, expect to be cleared xD. And that includes the levels from the high ress. HIgh res waves 1) To fine tune the location of back levels. Positioning of a level on a given resolution is a so called pattern seen on higher resolutions. I can't say much about the predictive power of dem patterns, but can say for sure that fine tuning the back levels by finding boundaries of these patterns is a good idea; 2) Simply monitoring the action on higher resolutions gives information about what's happening around your levels of interest. Everything explained in "Current resolution" can be applied there. You may come up with more uses. The main part is to understand what higher resolutions are: less data in greater detail. Now how would you leverage this info?
CME_MINI:ES1!Education
by gorx1
Lower resolutionMore data on lower resolutions, smth that others call higher timeframes. Low res waves While being on a given resolution, the lower resolutions are mostly used to understand the trends within the overall fractal. In general, you want to trade along with the strong low res wave, and don't trade against an exhausted low res wave. While being on given resolution, you're interested in all the lower resolutions, not only in the first adjacent one. So if you operate on 1H charts, you also need to consider 6H, 1D, 1W etc, not only 6H. For example, imagine being in a strong up trend on 1W chart. It won't go 4 ever. There's no exhaustion in 1M wave. But here we go, and exhaustion on 1Q chart. And "suddenly", the levels on 1W chart start to position as resistances! Before that, the overall trend on 1Q surely showed some weaknesses, but there was no evident evidence. This kind of info could've been only gained from more data. Low res levels Now that's really interesting. As I mentioned somewhere before, while being on any resolution, ALL the levels from ALL the lower resolutions should be monitored. That's why people say that it's harder to trade on lower timeframes (higher resolutions), simply because they don't know that simple fact I just mentioned. They see a reversal "in the air", but, as you already know, there's always a level. So, a level from 1Y chart does matter on 1 minute chart. Yes, it does. How? The action around low res levels are somewhat common with the action around option strikes. In a sense, it's a microstructural phenomena as well. Without further analysis, what you know 4 sure is that low res levels might produce reactions, even if a level is from 1Y chart and you are on 1 sec chart. In general, they allow rapid price moves to come through, and produce reactions when prices approach these levels in normal way. Why? As you know, it becomes cheap/expensive PAST the level, never before. Now imagine price comes to a level in a usual manner, or even slower. Chances for a deep dive past the levels are low. What you do? You scale in closer to the level. And now imagine price flying fast. It'll make sense to scale in deeper with a bigger size, to get better prices, to reduce risks. Why not if the market activity allows it? It's a 1H chart on the screen there, and the yellow level is a support from 1W chart. Take a look how the 1H action unfolds around that level.
CME_MINI:ES1!Education
by gorx1