My Bullish GBP/USD Strategy Using X1X2!You have no idea how many opportunities are there when you're simply following "X1X2"!
I invite you to engage with me in this analysis!
Current Fundamentals Supporting a Bullish Bias on GBP/USD:
1. Positive UK Economic Data: Recent reports indicate that the UK's GDP expanded by 0.2% in August, aligning with analyst expectations. Additionally, industrial production and manufacturing have shown growth, which supports the Pound's strength against the Dollar.
2. Diminishing US Dollar Strength: The US Dollar has faced selling pressure, particularly in light of recent mixed macroeconomic data. A softening inflation rate and rising initial jobless claims have raised concerns about the US economy, contributing to a bullish outlook for GBP/USD.
3. Market Sentiment Shift: An improving risk mood among investors has led to optimism regarding potential Federal Reserve rate cuts. This sentiment has weakened the Dollar, allowing GBP/USD to gain traction above key support levels.
Utilizing Probabilities in My Swing Trading Strategy:
In my trading approach, I employ a system known as X1X2, which focuses on probabilities to determine optimal entry points for long positions in GBP/USD.
In conclusion, my bullish bias on GBP/USD is supported by favorable economic indicators from the UK and weakening US economic data. By leveraging probabilities through my X1X2 system, I aim to position myself effectively for potential long trades in this pair.
1W:
3H:
Multipletimeframe
Navigating BTCUSD: A Data-Driven Approach to Bullish TradingI have a bullish outlook on BTCUSD, and here are a few key reasons supporting this view:
1. Political Changes: Recent shifts in the U.S. political scene may lead to more favorable regulations for cryptocurrencies.
2. Economic Conditions: The economy seems to be stabilizing, with inflation decreasing and growth continuing.
3. Institutional Interest: Big investors are showing renewed interest in Bitcoin, which is a positive sign for the market.
To get into long positions on BTCUSD, I’m using a strategy based on probabilities.
By using this approach, I aim to make smart, data-driven decisions in the exciting world of Bitcoin trading.
1D:
1H:
Please feel free to share your thoughts and ideas in the comments below!
Let’s learn from each other and navigate this exciting market together!
AUDUSD: Bearish Breakout Ahead! 55.06% Chance to Hit My Target!The Australian Dollar faces several headwinds that support a bearish bias against the US Dollar:
1. China's economic slowdown is hurting demand for Australian exports.
2. The RBA has paused rate hikes while the Fed maintains a hawkish stance, potentially widening the interest rate gap.
3. Global economic uncertainties favor the safe-haven USD over the risk-sensitive AUD.
I'm using probability analysis on my charts to find good short entry points for AUD/USD.
6M:
2W:
1H:
Feel free to comment below with your thoughts or questions!
Learn How to Apply Top-Down Multiple Time Frame Analysis
In this article, we will discuss how to apply Multiple Time Frame Analysis in trading .
I will teach you how to apply different time frames and will share with you some useful tips and example of a real trade that I take with Top-Down Analysis strategy.
Firstly, let's briefly define the classification of time frames that we will discuss:
There are 3 main categories of time frames:
1️⃣ Higher time frames
2️⃣ Trading time frames
3️⃣ Lower time frames
Higher Time Frames Analysis
1️⃣ Higher time frames are used for identification of the market trend and global picture. Weekly and daily time frames belong to this category.
The analysis of these time frames is the most important .
On these time frames, we make predictions and forecast the future direction of the market with trend analysis and we identify the levels , the areas from where we will trade our predictions with structure analysis .
Above is the example of a daily time frame analysis on NZDCAD.
We see that the market is trading in a strong bullish trend.
I underlined important support and resistance levels.
The supports will provide the safest zones to buy the market from anticipating a bullish trend continuation.
Trading Time Frames
2️⃣ Trading time frames are the time frames where the positions are opened . The analysis of these time frames initiates only after the market reaches the underlined trading levels, the areas on higher time frames.
My trading time frames are 4h/1h. There I am looking for a confirmation of the strength of the structures that I spotted on higher time frames. There are multiple ways to confirm that. My confirmations are the reversal price action patterns.
Once the confirmation is spotted, the position is opened.
Analyzing the reaction of the price to Support 1 on 1H time frame on NZDCAD pair, I spotted a strong bullish confirmation - a triple bottom formation.
A long position is opened on a retest of a broken neckline.
Lower Time Frames
3️⃣ Lower time frames are 30/15 minutes charts. Even though these time frames are NOT applied for trading, occasionally they provide some extra clues . Also, these time frames can be applied by riskier traders for opening trading positions before the confirmation is spotted on trading time frames.
Before the price broke a neckline of a triple bottom formation on an hourly time frame on NZDCAD, it broke a resistance line of a symmetrical triangle formation on 15 minutes time frame. It was an earlier and riskier confirmation to buy.
Learn to apply these 3 categories of time frames in a combination. Start your analysis with the highest time frame and steadily go lower, identifying more and more clues.
You will be impressed how efficient that strategy is.
Top-5 tips for Top-Down Multiple Time Frame Analysis Trading
I am trading multiple time frame analysis for many years. After reviewing trading ideas from various traders on Tradingview, I noticed that many traders are applying that incorrectly
In this article, I will share with you 5 essential tips , that will help you improve your multiple time frame analysis and top-down trading.
The Order of Analysis Matters
Multiple time frame analysis is also called top-down analysis for a reason. When you trade with that, you should strictly start your analysis with higher time frames and then dive lower, investigating shorter-term time frames.
Unfortunately, most of the traders do the opposite. They start from a lower time frame and finish on a higher one.
Above are 3 time frames of EURGBP pair: daily, 4h, 1h.
To execute multiple time frames analysis properly, start with a daily, then check a 4h and only then the hourly time frame.
Limit the Number of Time Frames
Executing multiple time frame analysis, many traders analyse a lot of time frames.
They may start from a weekly and finish on 5 minute time frame, going through 5-8 time frames.
Remember that is it completely wrong. For execution of a multiple time frame analysis, it is more than enough to analyse 3 or even 2 time frames. Adding more time frames will overwhelm your analysis and make it too complex.
Analyse Particular Time Frames
Your multiple time frame analysis should be consistent and rule-based. It means that you should strictly define the time frames that you analyse.
For example, for day trading, my main trading time frames are daily, 4h, 1h. I consistently analyse ONLY these trading time frames and I look for day trades only analysing this combination of time frames.
Higher is the time frame, stronger the signal in provides
Trading with multiple time frame analysis, very often you will encounter controversial signals: you may see a very bullish pattern on a daily and a very bearish confirmation on 30 minutes time frame.
Always remember that the higher time frames confirmations are always stronger, and their accuracy is probability is always higher.
Above there are 2 patterns:
a head and shoulders pattern on a daily time frame with a confirmed neckline breakout, and an inverted head and shoulders pattern on a 4h time frame with a confirmed neckline breakout.
2 patterns give 2 controversial signals:
the pattern on a daily is very bullish and the pattern on a 4h is very bearish.
The signal on a daily time frame will be always stronger ,
so it is reasonable to be on a bearish side here.
You can see that the price dropped after a retest of a neckline of a head and shoulders on a daily, completely neglecting a bullish pattern on a 4H.
Each Time Frame Should Have Its Purpose
You should analyse any particular time frame for a reason.
You should know exactly what you are looking for there and what is the purpose of your analysis.
For example, for day trading, I analyse 3 time frames.
On a daily, I analyse the market trend and key levels.
On a 4H time frame, I analyse candlesticks.
On an hourly time frame, I look for a price action pattern as a confirmation.
On GBPAUD on a daily, I see a test of a key horizontal resistance.
On a 4H time frame, the price formed a doji candle.
On an hourly, I spotted a double top, giving me a bearish confirmation.
These trading tips will increase the accuracy of your multiple time frame analysis. Study them carefully and adopt them in your trading.
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Decred: Bullish Breakout Imminent?Considering the prevailing bullish sentiment in the market and the pattern observed on other cryptocurrencies throughout the crypto sphere that have broken out of a prolonged accumulation phase, it can be expected that DCR will eventually follow the general trend and repeat the pattern that we have already seen on many other coins.
Decred has been facing resistance at the $18.3 level since May 2023, but recent price action on the 1-hour and 4-hour timeframes indicates a breakout and retest above this level.
The next significant level to watch is $21.4, which has historically been a key support/resistance level for Decred. While there are signs of weakness on the 1-hour timeframe, such as candles with long shadows that could provoke short positions, there is still no confirmation of a breakdown in the upward structure. The 1-week candle seems strong, and the overall asset shows significant buying volume. This indicates that Decred may be able to consolidate above $21.4 and keep moving upwards successfully.
A breakout and consolidation above $21.4 could lead to increased volatility and larger price swings on higher timeframes, with potential profit-taking zones and resistance levels at $50, $67, and $85. Additionally, the February 2023 high of $28.52 may also present a next strong resistance level in the short-term future.
Bitcoin Bull Flag forming, BTC to 40k?Bitcoin is possibly forming a continuation Bull Flag pattern. Target ~40200
Price is respecting nicely 12H 9EMA as we can see from the chart (same with Total marketcap).
If we break the 9EMA support I think we will go test the Daily 9EMA and Flags bottom level where probably some buyers would show up. (Picture below)
This price action is quite fascinating and the trend seems strong (haven't broken down yet).
Much people are hoping for a Break and Retest on the 32k breakout level, so they can buy their positions. Could be that we won't even get there.
Not financial advice.
My analysis on Crypto Total Marketcap , the most important level I'm following on crypto
-PalenTrade
Gala Games possible 130% move?KUCOIN:GALAUSDT testing a key level of significance (marked by red arrows). Trying to get above the 2100 area. If we stay above it and get on top of the 200MAs on daily (picture added) the next big resitance level is 5 cents. Possible 130% move for the patient.
XRP trade just hit our first target after breakout, 22% move.
And DYDX to stop loss, if you are intested about a losing trade and how to take a loss
Learn What Time Frame to Trade
If you just started trading, you are probably wondering how to choose a trading time frame . In the today's post, I will go through the common time frames , and explain when to apply them.
1m; 5m, 15m Time Frames
These 4 t.f's are very rapid and are primarily applied by scalpers.
If your goal is to catch quick ebbs and flows within a trading session, that is a perfect selection for you.
30m, 1H Time Frame
These 2 are perfectly suited for day traders.
Executing the analysis and opening the trades on these time frames,
you will be able to catch the moves within a trading day.
4h, Daily Time Frames
These time frames are relatively slow.
They are mostly applied by swing traders, who aim to trade the moves that last from several days to several weeks.
Weekly, Monthly Time Frames
These time frames reveal long-term historical perspective and are mostly used by investors and position traders.
If your goal is to look for buy & hold assets, these time frames will help you to make a reasonable decision.
📝When you are choosing a time frame to trade, consider the following factors :
1️⃣ - Time Availability
How much time daily/weekly are you able to sacrifice on trading?
Remember a simple rule: lower is the time frame, more time it requires for management.
2️⃣ - Risk Tolerance
Smaller time frames usually involve higher risk,
while longer-term time frames are considered to be more conservative and stable.
3️⃣ - Your Trading Goals
If you are planning to benefit from short term price fluctuations you should concentrate your attention on lower time frames,
while investing and long-term capital accumulation suite for higher time frames.
Time frame selection is nuanced and a complex topic. However, I believe that these simple rules and factors will help you to correctly choose the one for you.
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Your ULTIMATE Guide For Time Frames in Trading
If you just started trading, you are probably wondering what time frames to trade. In the today's post, I will reveal the difference between mainstream time frames like daily, 4h, 1h, 15m.
Firstly, you should know that the selection of a time frame primarily depends on your goals in trading.
If you are interested in swing trading strategies, of course, you should concentrate on higher time frames analysis while for scalping the main focus should be on lower time frames.
Daily time frame shows a bigger picture.
It can be applied for the analysis of a price action for the last weeks, months, and even years.
It reveals the historical key levels that can be relevant for swing traders, day traders and scalpers.
The patterns that are formed on a daily time frame may predict long-term movements.
In the picture above, you can see how the daily time frame can show the price action for the last years, months and weeks.
In contrast, hourly time frame reflects intraweek & intraday perspectives.
The patterns and key levels that are spotted there, will be important for day traders and scalpers.
The setups that are spotted on an hourly time frame, will be useful for predicting the intraday moves and occasionally the moves within a trading week.
Take a look at the 2 charts above, the hourly time frame perfectly shows the market moves within a week and within a single day.
4H time frame is somewhere in between. For both swing trader and day trader, it may provide some useful confirmations.
4H t.f shows intraweek and week to week perspectives.
Above, you can see how nicely 4H time frame shows the price action on EURUSD within a week and for the last several weeks.
15 minutes time frame is a scalping time frame.
The setups and levels that are spotted there can be used to predict the market moves within hours or within a trading session.
Check the charts above: 15 minutes time frame shows both the price action within a London session and the price action for the last couple of hours.
It is also critical to mention, that lower is the time frame, lower is the accuracy of the patterns and lower is the strength of key levels that are identified there. It makes higher time frame analysis more simple and reliable.
The thing is that higher is the time frame, more important it is for the market participants.
While lower time frames can help to predict short term moves, higher time frames are aimed for predicting long-term trends.
Attention Traders. DON'T Make This MISTAKE in Top-Down Analysis
Most of the traders apply multiple time frame analysis completely wrong. In the today's article, we will discuss how to properly use it and how to build the correct thinking process with that trading approach.
The problem is that many traders start their analysis with lower time frames first. They build the opinion and the directional bias analyzing hourly or even lower time frames and look for bullish / bearish signals there.
Once some solid setup is spotted, they start looking for confirmations , analyzing higher time frames. They are trying to find the clues that support their observations.
However, the pro traders do the opposite .
The fact is that higher is the time frame, more significant it is for the analysis. The key structures and the patterns that are spotted on an hourly time frame most of the time will be completely irrelevant on a daily time frame.
In the picture above, I underlined the key levels on USDJPY on an hourly time frame on the left.
On the right, I opened a daily time frame. You can see that on a higher time frame, the structures went completely lost .
BUT the structures that are identified on a daily, will be extremely important on any lower time frame.
In the example above, I have underlined key levels on a daily.
On an hourly time frame, we simply see in detail how important are these structures and how the market reacts to them.
The correct way to apply the top-down approach is to start with the higher time frame first: daily or weekly. Identify the market trend there, spot the important key levels. Make prediction on these time frames and let the analysis on lower time frames be your confirmation.
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EURGBP I Next area to short explained Welcome back! Let me know your thoughts in the comments!
** EURGBP 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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FTT - FUD ON THE ABYSSThe "FTT token" is the native cryptocurrency token of the trading platform FTX.
> Sam Bankman-Fried is one of the founders of the platform and is considered the "young Elon Musk" in community circles.
> For some time, "rumors / speculations" started that the separate company behind FTX = ALAMEDA (investment fund) might be insolvent. (both companies are owned by Sam Bankman-Fried).
> The reason is lack of liquidity of ALAMEDA balance sheet, which consists of Illiquid crypto collateral, + lack of cash reserves.
> After asking for evidence, the answer was indirectly dodged.
Yesterday, the founder of BINANCE had announced on Twitter that he will liquidate his existing FTT tokens.
As a reason for his decision, he cited a lack of trust and looking back at the last "disasters" with "Celsius", "LUNA" + "3Arrow", he does not want to expose himself to any additional risk.
It should be noted that the announcement of the Binance founder from the timing, a supposed death blow - Spartan scale resembles.
> With this he poured oil on the existing fire and the situation could escalate at any time.
> Should there be a "bank run" on the company + the token here if necessary, you can in the following analysis, get a picture of the possible crash.
The probability that this problem will be solved is of course in the room, a possible "loss of face" Sam / FTX / ALAMEDA - can no longer afford.
> Result = wait and see and rather stay out of trading - that will end in liquidation, both directions. .
We are, with the course, at several last SUPPORT levels.
> Should these be significantly broken, it will be a fast descent!
> If the rumors are true, this will additionally mean another sell-off for the crypto markets.
RELEVANT LEVEL
- 22.00 USD
- 20.00 USD
- 19.82 USD (SIGNIFICANT BREAK = crash)
WEEKLY VIEW
3 DAY VIEW
DAY VIEW
> Feel free to discuss it in the comments and share our perspectives, I'd be "burning" to hear your take on the whole thing.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!
My Anticipation on XAUUSDso with the volume the xauusd is pushing down with help of NFP, i think the trend is changing because the xauusd has already reacted of the monthly high that lead to the down trend in trendline that I showed in my analysis. so I think waiting for retracement and breaking of this present low structure on the daily time frame will confirm a down trend. with the it was shown in my analysis there will be major retracement of the weekly O.B before pushing down again to the monthly O.B. where there will be major push up before coming to take the monthly low.
DECRYPTERS |GOLD (XAUUSD) | PROGRAMMED HI people welcome to Team Decrypters
The only plan you Need
Expecting gold to Rise First This week and incoming first 2 weeks of FEB we expecting a pull back in Gold
Over all we are Bullish On Gold in terms of technical and fundamental perspective
--1H we have Rising channel
--4H we have soon Bearish Divg will be Created
--Daily we have Trend line + Fibo Rejection
-- Weekly we have Bearish OB ,supply some and resistance plus the confluence of some Advance concepts of liquidity
To sum up all we expecting rise and than grab the liquidity to Drop the price Down At least 600 -900 PIPS PULL BACK EXPECTED
Bitcoin Starting Wave III run to ~20,000 with ~16,250 S/LBullish continuation for D1 through W1 on BTCUSD after confirming the higher high on the D1 timeframe from late December. W1 timeframe showing promise to close near the late November weekly high, confirming the higher low from mid November and continuing up towards 20,000 with a stop loss around 16,250.
Entry at ~17,000 should have a good Return to Risk ratio of 3:1 but a drop to ~16,650 is possible. Using the same S/L would yield ~9 R/R. I would suggest starting a small position at ~17,000 and adding down to ~16,650 with all stop losses at ~16,250.
Targets and Stop Loss are based on fib retracements and expansions and a bit of a fast and loose Elliot Wave, assuming the run from ~15,460 to 18,450 was Wave I. Wave III will target the 20,000 area since Wave IV should be approximately half of Wave II and needs to start above where Wave I ended.
NZDUSD, 8H Chart, Bullish DirectionTime:
London & New York Sessions
Analysis:
Daily price = on major support zone
8h bullish divergence & Macd cross bear2bull
4h support zone
4h & up support levels
Htf market structure break 4h and up (bullish)
Liquidity grabbed at the bottom = fuel for upside price action
Entry:
At the retest of the 8h breakerblock & the 4h fair value gap
RR 3
The unknown obvious: resolution vs timeframeChart resolution and chart timeframes are the synonyms, true, but the difference between resolution based mindset and timeframe based mindset is huge.
As it is in reality, pure charts are just tick charts that then get aggregated, mostly by time. So it's all the same data, just different amount in different detail.
If you operate manually you free to scroll through all the resolutions, generally from lower to higher to gain all the information you need in best possible way.
So you mindset is this, "I need more info ima be scrolling through resolutions and be gaining it".
The term "timeframe" is much more applicable for automated trading.
There, it's very complicated to use multiple resolutions at the same time for many reasons, instead it's easier to use multiple data ranges within one resolution.
For example, you run a bot (not robot) on 1 minute chart, this bot executes & fine tunes the signals based on very short window of 4 datapoints, generates the actual signals based on 16 datapoint window, chooses a signal generation method based on 64 last datapoints, and chooses between competing assets based window length 256.
Then you ran an ensemble of these bots on every 'timeframe', this way you can emulate but never achieve a proper manual operation.
And it's good to use common but different methods on each of data windows to reduce correlations inside the ensemble, not like it's shown on my chart (disregard the levels).
NZDUSD creating a new IMPULSEHello traders, here we can see how NZDUSD is slowly correcting after a strong impulse, preparing for another one. We can observe that the previous resistance has now became support, and the price is testing the zone for the second time now. From here, if the price will manage to break above the 4H resistance, after the retest of the zone we can expect a move higher, creating another impulse. The EMAs and MACD show confluence as well, but only after the break we can react, as trading is about reacting not predicting:) Let's see what happens next!
Learn How to Apply Multiple Time Frame Analysis
Hey traders,
In this article, we will discuss Multiple Time Frame Analysis.
I will teach you how to apply different time frames and will share with you some useful tips.
Firstly, let's briefly define the classification of time frames that we will discuss:
There are 3 main categories of time frames:
1️⃣Higher time frames
2️⃣Trading time frames
3️⃣Lower time frames
1️⃣Higher time frames are used for identification of the market trend and global picture. Weekly and daily time frames belong to this category.
The analysis of these time frames is the most important.
On these time frames, we make predictions and forecast the future direction of the market with trend analysis and we identify the levels, the areas from where we will trade our predictions with structure analysis.
2️⃣Trading time frames are the time frames where the positions are opened. The analysis of these time frames initiates only after the market reaches the underlined trading levels, the areas on higher time frames.
My trading time frames are 4h/1h. There I am looking for a confirmation of the strength of the structures that I spotted on higher time frames. There are multiple ways to confirm that. My confirmations are the reversal price action patterns.
Once the confirmation is spotted, the position is opened.
3️⃣Lower time frames are 30/15 minutes charts. Even though these time frames are NOT applied for trading, occasionally they provide some extra clues. Also, these time frames can be applied by riskier traders for opening trading positions before the confirmation is spotted on trading time frames.
Learn to apply these 3 categories of time frames in a combination. Start your analysis with the highest time frame and steadily go lower, identifying more and more clues.
You will be impressed how efficient that strategy is.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️