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XRPUSD Aug W.2: Long-term trend alert!Hi friends, I hope y'all having a profitable week ;) Today, we're looking at a possible long-term bearish drop. This trade idea is derived from this time frame only. The monthly is in a process of fully confirming it with a bearish reversal candle pattern formation. Having one time frame confirming a long-term signal, gives me an A- signal; if both the monthly and weekly confirmed the signal, that gives me an A+ signal. In this situation, the weekly is the only time frame. And that makes this trade idea a high risk one. With that said, let us take a look at how this trade triggered and how it will be dis-confirmed. Bulls: -If the price bullish breaks and retests the Mini Weekly Neckline 2 and 8 m.a, that will dis-confirm the trade but it will trigger a medium-term buy signal that will lead to a rally to the monthly bullish key level targets that were previously bearish broken and not retested during the huge crash. I posted the trade idea of that signal last week when the price broke and closed in between the short-term m.a's (they play a huge role in confirming a signal). Bears: -The price bounced off the Mini Weekly Neckline 2 with a bearish reversal candle pattern that led to a bearish break and retest of the 8 m.a, and that triggered the sell trade that will probably lead to a drop for the double tops L3. I call this type of trade signal a "Double Top C-E.1 signal". That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Doji-2k1.
BITFINEX:XRPUSDShort
by Doji-2k1
EURGBP Aug 2022 W.2: Short-term trend!Hi friends, I hope y'all are having an amazing weekend ;) Today, we're looking at a possible short-term trade signal. This trade is derived from the weekly where the price recently closed with a bullish reversal candle pattern in the H&S accumulation phase that aims to retest the 50 and bearish crossed short-term m.a's so that it will fully confirm the long-term bias of both the weekly and monthly. However, this counter-trend signal might be rejected, by having the price dramatically drop in direction of the overall trend. With that said, let us take a look at how the bulls and bears might behave in triggering our trade and dis-confirming it. Bulls: -If the price bearish bounces off the Daily Half a Bat Neckline and 8 m.a with a bullish reversal candle pattern, that will trigger out trade or confirm our bias. I call this type of trade signal a "Double Bottom B-E.1". Bears: -If the price forms a bearish reversal pattern that leads it to bearish break and retest the Daily Half a Bat Neckline together with the 50 and bearish crossed short-term m.a's, that will dis-confirm our trade or bias. The price would be preparing for the long-term trend I mentioned earlier on. That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Spha Thwala.
Long
by Doji-2k1
GBPJPY July W.3: Long-term trend signalHi friends, I hope y'all are having a profitable week ;) Today, we have a long-term buy trade on this baby. This trade is derived from the monthly time frame that has a huge bullish head and shoulder pattern that has its current price running in the L1 (small consolidation) and above the 200 m.a and short-term m.a's that are bullish crossed and retested. Having the price closed with bullish reversal candle and current forming a bullish candle, signals that the price wants to continue the patterns trend to/for its L2 and L3 together for the key levels that were previously broken and not retested. So that's just the preface of the monthly's current market condition, now let us take a look at this time frame to find out how the bulls and bears might behave in triggering or dis-confirming our trades. Bulls: If the price bullish breaks and run above (but retest on the 4 hour) the 6th Daily Key Lvl (1st trade signal), and proceeds to bullish break and retest the 5th Weekly Key Lvl (2nd trade signal), according to the weekly: the price will be in prep to rally for the double bottoms L1, L3, and L3 together for all the m.a's trend; and according to the monthly: the price would be in a bullish candle formation in and above the H&S L1 - in prep to rally for the patterns L2 and L3 together for the short-term m.a's trend, once that happens, then we should BUY!...(E.1 & E.2) Bears: -If the price decides to bearish break and close below the Daily Half a Bat Neckline 4 and 21 m.a (red), that will dis-confirm both trades. This is not financial advise, but if you would like to hop on these trades with me, there they are: BUY E.1@: 165.576 Lot Size: 0.05 S.L @: 161.851 (-0.92%) T.P 5@: 192.502 (+7.53%) R/R/R: 1:8 BUY E.2 @: 168.833 Lot Size: 0.04 S.L @: 164.651 (-0.91%) T.P 4@: 192.502 (+5.22%) R/R/R: 1:6 That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know you thoughts! Stay Blessed, Doji.2k1
Long
by Doji-2k1
Risk:Reward Ratio. What is it?Risk to reward ratio. What is it? What does it mean and how do we use it? Now, if you made it to the point where you're here on TradingView, there's a good chance that you have heard about Risk to Reward ratio. Today, I want to dive into what it really means and how to actually utilize it. I see so many beginners missing out on huge profits and opportunities because of their risk reward ratio and I want to share my knowledge of this tool and how to actually use it in the future. Firstly, let's dive into what is the risk/reward ratio? The RR ratio is a tool that can accurately predict by expected returns based off of previous results. This tool measures how much reward you are estimated to gain based off of the dollar amount you risk. For example, if you have a risk to reward ratio of 1:3, it means for every $1 you risk, you will gain a return of $3 in the event of a positive trade. Using the same example in the FX market, let's say you're risking 10 pips on EURUSD, your take profit is at 30 pips. This means you gain 30 pips in the event of a win, lose 10 pips in the event of a loss, giving you a 1:3 risk/reward ratio. This is a very powerful tool because compared with the win rate and in correlation, you can actually predict based off of your previous results, you're expected returns on investment. Being able to predict what you're expected returns are are great way of giving you milestone targets, but also when you're looking at getting funded with prop firms, you also know what you are actually able to achieve in what time frame. Now, it goes without saying, the higher your risk to reward ratio, the less you need to win in order to maintain profitability. The opposite, the lower your risk reward ratio, the higher win rate is required to maintain profitability. But this is where we get into where I find beginners struggle. A lot of people will base their strategies on their risk/reward ratios, which is understandable if you're building the strategy from scratch. If you're using a prebuilt strategy or something that doesn't really correlate with risk/reward ratio. Then it makes it obsolete and just confusing. Going back to my first point, risk to reward ratio is a tool that you can use to estimate future potential returns based off of previous results. Let's say you have 100 trades worth of data. You can accurately have a look at what is your risk to reward ratio is and compare that with your win rate. From there you can make a decision whether or not that is a profitable strategy. On top of that, you can then start to look to improve either your win rate and risk to reward ratio, knowing that that is an area that needs improvement. When it comes to improving your risk to reward ratio, one thing that always grinds my gears with traders, is when they enter a trade, they'll set their stop loss and take profits based on their risk to reward ratio not based on the actual analytics of the trade. While I understand this and with some strategies, this can work. For most, they end up setting those take profits in areas that is just realistically is going to be really hard for the price to get to. What professionals do when trying to improve the risks of reward ratio is only take those setups where a good take profit is viable around that level of risk to reward. For example, in this chart, we are looking at buying the USDCAD over the next couple of weeks. We like this setup. We've had our entry signal and we're going to place a stop loss below that recent low, which was created early last week. We are not happy with our risk to reward ratio. We think we're leaving too much profit on the table and want to increase our overall results. So I'm only taking trades that have close to a three to one risk to reward ratio. But as you can see by this chart that dotted lines are areas of resistance which we are going to have to break in order to achieve that level of profitability. There are 5 different zones we are going to have to get through in order for my take profit to be hit, it is fair to say the odds are not in my favor. Now a beginner Trader will still enter this trade with the same take profit and the same stop loss and just hold on. The reason they'll do that is because they want the 1:3 risk reward ratio. They don't care where the profit target is. What matters is it is 3 times worth what they're risking. On the other hand, A professional trader will actually either let this trade go and not enter it, or look for another entry point later on on smaller timeframes to where you can fit that risk to reward ratio and you're not going to hit the high levels of resistance. To sum up what my point is, risk to reward ratio is a very powerful tool to understand what you are capable of the trader and also where you can improve. It is not a valid take profit selection strategy. Yes, it can definitely help with guidelines on where to set your take profit, but it should not be the sole reason your take profit is set at a certain price just because it is X amount whatever you are risking. Have a look at what the chart is telling you and what your analysis is telling you. Then, only take the trades which coincide with the risk to reward ratio. You want to achieve. I hope you enjoyed this insight and I hope it was beneficial to you. I recommend highly diving into your previous trading data. Have a look at your win rate. Have a look at your risk reward ratio and understand what your profitability expectation really is and base your future decisions off of that data. Have a fantastic trading we can I look forward to seeing your comments. - Jordon
FOREXCOM:XAUUSDEducation
by the5erstrading
5
Don't worry there will be many more opportunities!sometimes you dont get what you give or what you are expecting! ive been looking this chart for few weeks now and i was expecting a nice trade from this, i did what i had to i read the chart understood it, and made a decision to look over the price and the structure that i drew. and after these days of analysis and studying the idea i had for this market didn't do what i expected. that also happens during our course of life, you want to see the things as you wish but they dont go that way. THATS NORMAL! JUST KEEP ON LEARNING FROM EVERY SITUATION, EVERY UPs & DOWNs, DON'T BE FOOLED BY THE CONCEPT OF RESULTs AND WININGs JUST GO WITH THE FLOW. LOVE THE PROCESS. and you'll sure find satisfaction.
TVC:USOILEducation
by lofitrend
Dogecoin Long Price Target ConfluenceDoge on the 4 hour time frame, I have identified multiple patterns, (each one is indicated on the chart in different colors.) These patterns have very similar price targets Which makes me more confident in potential success of my trade set ups. Indicators: 200 EMA (red) 50 EMA (green) The 50 EMA is currently holding down the price, but a break above it should allow the price to hit the top of the ascending wedge (yellow) Which is inline with the 200 EMA (the next resistance) The patters I found and their price targets are: #1) Ascending wedge (Yellow) - Price target: $0.1915 #2) Descending Triangle (Purple) - Price target around $0.1960 #3) Descending Triangle (Pink) - Price target: $0.2200 #4) Double Bottom (Red) - Price target: $0.1890 The first trade could be taken once price breaks above the 50 EMA (green) - Price target: at the top of the yellow wedge ($0.1540) - And a stop loss trailing the bottom Support Line (Bottom Yellow line) The Second Trade: Enter Long If and When: - The price is above 200 EMA - And the Ascending wedge is broken out of (Turning $0.1540 into support) Stop Loss: - Under the Support zone: @ $0.1495 Take Profit: - Between $0.1875 and $0.1960 The Third Trade: Enter long: - once $0.19 is broken and becomes support Stop Loss: - $0.1795 Take Profit: - Between $0.2150 and $0.22 Not financial Advice Please leave a comment if you have anything to add, I would like to hear your thoughts.
Long
by NicoDaCheeko
TOTAL (Crypto Market Cap) - Bullish Double Bottom at Support 4HRTOTAL (Crypto Market Cap) has double-bottomed above 1.8T trendline support If support prices hold strong, an industry-wide bullish crypto rally could occur. -Bullish Targets to the upside are 1.92T, 1.96T, 2.0T. -Chart setup would be cancelled if the index price falls and holds below 1.79T. Utilize stop loss, position sizing, risk management. Note: Crypto has short-term correlations with the USA stock market & tech stocks. Support prices need to hold strong, and bullish continuation is needed to sustain a bull rally. All content is Not financial advice. Trade at your own risk.
CRYPTOCAP:TOTALLong
by NoFomoCharts
Giving up on $NIOI read countless investors tell me how $NIO is a MUST have stock to have in my portfolio in 2022, however I'm not seeing it anymore. Seems to me the company is in shambles, very few sales, supply chain issues, and this new lock down issue they're facing. I sold this morning, I bought at 21.8, and sold at opening price today, taking in a loss of about 11.74%. I never believe in selling when red, and truly believe in long-term hold profit, however we're at a time of a very near recession, any due diligence must be x10, since it can come at anytime. I think its important we use this platform to also share our losses, since I'd like to share notes with people in a similar situation. NIO is nothing special, and I knew that from the beginning, I've seen better financials and much better stock price performance. However, long term wise, and maybe after the upcoming recession, or even before NIO will soar, when their orders are up and they fix their supply chain issues, until then I'll count my losses, and avoid NIO till I'm convinced their doing something new. NYSE:NIO
NYSE:NIO
by BigManAlasad
11
Indian Market: Killzone for a beautiful controlled loss.I explain what I mean by a beautiful controlled loss. Some traders don't want to hear about losses, though it's about the most important thing in trading. The position shown is a paper-trade. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
I
by Captain_Walker