Marketstructure
AUDUSD Sell IdeaHere on AUDUSD we have a potential CHoCH. I say potential because if the high gets violated, we can expect price to continue moving upward. If price respects the 4 hr supply that I refined down to 15 min, I think that it will go down and take out liquidity then continue down to the 4 hr imbalance fill. After that, I think that price will reverse and continue up with the higher timeframe direction.
BTC Surprises and Market Analysis: Navigating the Current RangeAs we approached the weekend, I was expecting Bitcoin to get the Swing Failure Pattern (SFP) of $21,647 and continue to the range, I was expecting liquidity to leave the market, but I was wrong as BTC had different plans and did a great job of surprising me. Initially, BTC did precisely what I was expecting. I took the short trade and stopped out (Refer to my last post). I patiently waited for some reaction from $21,827.5 to play out as it was a significant weekly level along with a 0.66 Fibonacci level. The bullish momentum was so strong and rapid that it managed to break through the weekly level, leaving several single prints behind us. My next resistance level was a daily level of $22,393. Price broke through this level without difficulty and stopped at the monthly level of $23,301.
As of now, MS is bullish, and if we want any move toward the downside, we need MS to change in 30min to 1-hour charts first before we take any new swing short trades. We're still in the 6-month range; before getting excited and sending BTC to the moon, we must reclaim the $25,211 level. We currently have the Monthly $23,301 level acting as a current resistance and a Weekly $24,297.5 level, along with a 0.886 Fibonacci level right above us. We also have an SFP at the $25,211 level.
Currently, we are right above the VAH of the entire range.
For the downside, I would like BTC to get accepted below the VAH of the range, Claiming a daily naked point of control level at $22,612. I would like to see at least two 30 minutes candle closes before getting into any short trades. This move up was rapid, so once we get acceptance below VAH of the entire range, we can expect the price to have a quick fall to the $20,673- $20,957 level, as we have several new daily levels, which can act as a great support.
For Upside, I will expect the price to reclaim the monthly level before getting into any long trades. All my trades will be scalps with a tight stop loss.
Update on the trade GBPJPY!!hey God bless you guys in this videos we did a update on GBPJPY and price did exactly as we expected it to come down and hit the 618 on the fib!! and i did my best to speak in this video i think i have allergies im not feeling so well but i did my best but i hope it bless you!!
P2P | US30 - BacktestingWhat's up guys and gals, hope everyone is alive and well!
So this is another fun & very interesting backtesting clip, this time with #US30.
Now if you've been following my channel you'll know that I mainly trade #xauusd (gold) but I've been asked about other pairs so I felt, as a mentor, I need to expand my horizon. I guess I can just be transparent and say I'm still getting the pip count down on some of these other pairs! Gold was literally the first pair I learned to trade on so I felt compelled to master it before I went to any others but this was the growth moment I overcame for you all to see... so laugh silently LOL, no shame in my game.
BUT
I was very happy with how some of these trades played out because 1. it was a great experience to work my swing trading skills on a pair I don't normally trade & 2. I could easily spot any mistakes or setbacks I encountered before/during/after the trades. I believe backtesting with a bit of urgency helped (me personally) analyze the charts with a bit more intensity... idk if that's a good thing but I guess we'll soon find out LOL
But all in all I definitely enjoyed this run. I believe I will do a series of trades with a PT.2 and possibly PT.3. I've been getting some great feedback with this addition to the channel so I'm gonna keep dropping these and adding as much value to them as I can for you folks!
So with that being said happy trading, trade well, and lets run it up from 2023 til infinity!
If you got some value out of this video please share it, boost it to your trading pals, and help grow the channel.
DISCLAIMER:
***This page is for educational purposes only and is not intended for any financial advise. I am not a financial advisor nor do I manage any other accounts for our users. Any trades you take will be of your own doing and P2P will not be held responsible.***
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P2P | XAUUAD - Backtesting PT.2Alright so as you can see in this clip I was rushing trades and not taking my confirmations 1 at a time.
It's important to analyze your charts for confluences because most of the time they will catch you slipping and you'll end up making a mistake that will cost you money. (Good thing this is just a backtest LOL)
So here you can just get a bit more insight on the idea of the trades I take, what happens when you're impatient, and what most swing traders anticipate when playing the long game.
If you guys want to see me backtest other pairs feel free to drop your idea/input in the comment section and I will do my best to assist you with a video!
Also anything you've learned watching these please comment below! The more I know on what you see/don't see will help me make these videos a lot better (:
** BTW PEEPS IM A FIRM BELIEVER IN BREAKING EVEN & TAKING PARTIALS, THIS IS JUST A CLIP OF ANTICIPATED SWING TRADES AND TRADE SETUPS**
So with that being said, happy trading, trade well, and lets run it up from 2023 til infinity!
If you got some value out of this video please share it, boost it to your trading pals, and help grow the channel.
DISCLAIMER:
***This page is for educational purposes only and is not intended for any financial advise. I am not a financial advisor nor do I manage any other accounts for our users. Any trades you take will be of your own doing and P2P will not be held responsible.***
Price correction is likelyIn the previous charts, we talked about resistances and supports. The situation is still standing. Considering the Elliott waves situation, trading volume, and the market's trading structure, we will see downward price corrections. After that, acceptable price growth is likely, and we will keep you informed.
📊 Market Structure: BOS VS CHOCH📊What is market structure?
Market structure is the levels that are created by the price of any currency as it moves up and down.
Price never moves in a single direction for too long. It always takes a few steps in one direction, then moves a few steps back, then a few more steps, then a few steps back.
Over time, these steps form distinct structures in the market: zones of consolidation, zones of support, zones of resistance, and zones where price impulses up and down.
Market structures that form in the past are often respected in the future, and analyzing previous market structure can form a basis for a trading plan.
BoS carries on in the same direction it was initially heading in where as a CHoCH can be viewed as the Markets turning point
🔷BOS - Break of structure forms in the direction of the trend creating continuation patterns.
Break of recent Lower Low when bearish or break of recent Higher High when bullish.
🔶CHOCH - Change of character form at the end of a trend. For example, if we see an uptrend in the market, characterized by higher highs and higher lows,
this means that the overall trend remains bullish. However, when a new high is formed and then impulsively broken to the downside,
this could signal that the bullish trend might be coming to an end, and that a possible choch transition may be happening.
👤 @algobuddy
📅 Daily Ideas about market update, psychology & indicators
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My idea trade on GBPJPYHey God bless guys this is my trade idea for GBPJPY and what i believe it may do like i said in the video if you see trade different keep your analyst don't change it to mine i can be wrong trust your mark ups!! i also talked about why its important to check the news before you trade and i also talked about on how to check for upcoming news God bless yall and i pray that this video helps!!
EURUSD Long/Bullish analysisLet's take a moment to revisit past event.
1. Eurusd has steadily been in an uptrend and we expect the trend to continue for atleast 3 months
2. Eurusd has been respecting the trend line. Furthermore, when the trendline broke and dip created,
on correction, price still held above the dip
So what can we deduce from the information above?
1. Short positions are temporary.
2. The trendline will hold most of the time.
3. We continue looking for buy catalysts especially along the trendlines and major support zones
GBPJPY I Potential short from resistanceWelcome back! Let me know your thoughts in the comments!
**GBPJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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MARKET CONDITIONS Hello everyone!
We continue the series of training articles.
Today I want to touch on the topic of MARKET CONDITIONS .
Go.
What is the market like?
As you know, the market does not move only up or only down.
The price always makes fluctuations of a wave nature.
What does it mean?
BEARISH TREND
This trend is characterized by the fact that the price updates the previous lows, but cannot update the previous highs.
If you look at the monthly chart, such a movement may consist only of falling candles.
In fact, if you switch to a smaller timeframe, you can see corrective movements.
And this can be observed on all movements.
In a bearish trend, it is best to open short positions.
A good moment to open a position can be the end of the correction, which confirms that buyers are not able to update the maximum, which means that the downtrend is still strong.
RANGE
This period of the market is the most boring, because the price is not particularly moving anywhere.
In fact, there is an accumulation of large positions.
But boring does not mean that it is impossible to make money on it.
The simplest trading tactic under such conditions is to sell from the resistance level and buy from the support level.
Do not forget to put a stop loss, because sooner or later there will be a breakdown.
BULLISH TREND
This trend is characterized by an increase in price, an update of the highs and the inability to update the lows.
The fact that sellers cannot push the price below the previous minimums tells us that the strength is on the buyers' side.
It is best to open long positions and press the updates of the highs.
STRUCTURE
This structure or model: BEARISH TREND - RANGE - BULLISH TREND, will occur very often.
This is exactly how the trend is changing.
At first, the price is controlled by one star, it can be bears and then there will be a downtrend, it can be bulls and then there will be an uptrend.
At some point, the dominant force loses power over the price, and the opposite one gains momentum, at such moments the range begins.
There is a struggle going on here and whoever wins will rule the price.
Sometimes it also happens that after the range, the previous trend continues, which means that the opposing force did not have enough power to change the trend, be prepared for this.
CONCLUSIONS
Do not think that the trend will continue forever.
Do not believe that you know the future and the price will go exactly where you predicted.
Be objective and study the market.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
I did a payer for yall and i did a market breakdown in this video i wanted to share what the lord put in my heart to say at the beginning i know its going to bless you! but i shared what i see GBPJPY and USDCAD may do through out the week we just have to wait and see what happens I'm not calling no trade out this is what i see I'm still learning if your going to take the trade make sure you do your own mark up and i also shared what i wanted to do soon but its in God timing but again thank you guys for the support God bless!
BTCUSD weekly (14/01/2023)This time we bring back to the TradingView account a weekly analysis of Bitcoin.
In principle we are going to emphasize that the probability of the theoretical bottom of the bear market around 15K is increasingly tangible and growing. As long as events of high geopolitical risk or black swan events do not appear in the global economy.
In this analysis we take into account the structures formulated in the Dow theory, wave movements of 5 Elliott waves, the previous patterns formulated by the price of BTC and an addition for market funds with the Wyckoff structure.
Briefly developing the above concepts:
DOW: Structures of theoretical max and min (Shoulder-head-shoulder) (Triangulations) (MA moving averages)
ELLIOTT: (Waves of 5 movements A,B,C,D,E)
WYCKOFF: Structure of theoretical bear market end
The conclusions to be drawn from these structures are quite obvious,
It seems that the bitcoin price and the crypto market are close to the limits of the bear market if they have not already exceeded them. Starting or about to start a pre-Halving stage of around a year that we could consider as the new accumulation phase.
:
En esta ocasión traemos de vuelta a la cuenta de TradingView un análisis Semanal de Bitcoin.
En principio vamos a remarcar que la probabilidad del fondo teórico del mercado bajista entorno a los 15K cada vez es más tangible y creciente. Siempre y cuando en la economía global no aparezcan sucesos de alto riesgo geopolítico o eventos de cisne negro.
En este análisis tenemos en cuenta las estructuras formuladas en la teoría de Dow, movimientos ondulatorios de 5 ondas de Elliott, los patrones anteriores formulados por el precio de BTC y un añadido para fondos de mercado con la estructura de Wyckoff.
Desarrollando brevemente los conceptos anteriores:
DOW: Estructuras de máximos teóricos y mínimos teóricos (Hombro-cabeza-hombro) (Triangulaciones) (MA medias móviles)
ELLIOTT: (Ondas de 5 movimientos A,B,C,D,E)
WYCKOFF: Estructura de final teórico mercado bajista
Las conclusiones a sacar de estas estructuras son bastante obvias, parece que el precio de bitcoin y el criptomercado estan rozando los limites del mercado bajista si no los han superado ya. Iniciando o a punto de iniciar una etapa pre-Halving de alredeor de un año que podríamos considerar como la nueva fase de acumulación.