Get started

Newbiepost

Temporary Fall Before Long Term Trend Decision; CADJPYGood Day All, First and Foremost I would like to clarify, I consider this trade UNCERTAIN , Please do significant analysis first before executing! CADJPY, having its previous All Time High set during the late 2014 has been crossed around June this year. Having taken more than 7 years to reach this point, arguably this trade and any other within this time frame are considered quite risky, however starting from late October, prices has begun to momentarily fall. Looking around for possible predictions, I can't say this is easily predictable as price being in a Zone that will determine its long term downfall or up-rise, seeing its rejection at price level 109.3 during he last days of Oct, I predict it'll fall temporarily. Keep an eye for news as this week is riddled with RED LEVEL news affecting both currencies as well as the G20 meeting which includes both Canada & Japan, needless to say the news could slingshot prices in either direction so do mind your MM. Past the warnings, I hope to see it fall by 2 -5 price points before possible correction and readjustment towards higher levels or a nosedive caused either by news or trading action. So, if you do decide to open this trade, please do use appropriate lots as I personally would give this prediction a solid 60%+ chance due to the current zone this trade lays, and as I said in all my past predictions, while I do not mind others benefiting from my predictions, I would hate to see others lose cause of my own, do be careful. Recommended Order: Market Sell or around 105.1 as an Entry Take Profit 1 : 103.82 Take Profit 2 : 102.75 Take Profit 3 : 101.005 R/R Ratio TP 2: 0.9 R/R Ratio TP 1: 0.5 Stop Loss : 107.7 Prediction Nullifying Requiems: Price out of bounds or beyond the 1 W mark. P/S: Do Consider Adjusting The SL via ATR before letting it run. Good Luck & Good Hunting.
Short
by xevious000
3
A Very Possible Temporary Fall; NZDJPYGood Day All, First and Foremost I would like to clarify, I consider this trade RISKY , Please do significant analysis first before executing! Looking around, NJ caught my eye, seeing its recent rejection at price level 88, I predict it'll fall temporarily. The reason I consider this trade as risky is because the long standing trend on the 1D seems bullish but I hope to see it fall by 3 -5 price points before correction and readjustment towards higher levels. As you may have noticed this is a weekend/swing trade being one of the main causes of my own worry, not to mention JPY red-level news coming in soon. So, if you do decide to open this trade, please do use significantly low lots due to the higher risk this trade poses. As I said in all my past predictions, while I do not mind others benefiting from my predictions, I would hate to see others lose cause of my own. Recommended Order: Market Sell or sell after price shows continuation beyond 84.776 Take Profit 1 : 83.9 Take Profit 2 : 82.9 R/R Ratio TP 2: 1.41 R/R Ratio TP 1: 0.85 Stop Loss : 87.225 Prediction Nullifying Requiems: Price out of bounds or beyond the 1 W mark. P/S: Do Consider Adjusting The SL via ATR before letting it run. Good Luck & Good Hunting.
Short
by xevious000
Possible Head & Shoulders; USDCADGood Day All, Stumbling across the USDCAD 1D Chart, I observed a possible Head & Shoulders pattern ranging from 23th Sept to 4th Nov. Though by chance, After the major price rejection at 1.39790 not letting price touch the 1.4 mark, The traders seems to have taken control sending it down a controlled pattern giving Novice Traders like myself the idea it'll fall. At first sight it may seem the case but by recent personal events I've determined it isn't always the case. Do pay attention to incoming news and such as they can either slingshot prices toward the SL or the TP hopefully. Please do your own analysis first before deciding whether to follow this or not, while I may not mind sharing gains, I wouldn't like to see others suffer losses due to my own. Recommended Order Type : Market Sell Take Profit 1 : 1.33250 Take Profit 2 : 1.32600 Take Profit 3 : 1.31820 Stop Loss : 1.35750 R/R Ratio : 2+ (ONLY IF TP3 HIT!) R/R Ratio : 0.9 (TP 1) Prediction Nullifying Requiems: Price out of bounds or beyond the 1 W mark. P/S: Do Consider Lowering The SL before letting it run as R/R seems a bit low.
Short
by xevious000
6
Observation of Recent Trends & A Likely Reversal; SPX500Good Day All, By looking at the first four days of November, it clearly shows a downtrend which resulted in more than 5% reduction in SPX500 levels. But slowly and steadily Prices are recovering and heading for the consolidation zone that is from 3830 - 3870, The 40 point range and the price's behavior will determine whether it'll be bullish/bearish, but judging from the key levels marked in black, though some may call it outdated, I have observed prices in many unique pairs almost always respecting levels of old. To conclude, I hope prices will continue its bullish trend past the consolidation zone for reasoning which may not sound logical but then again, I'm still new to this. If indeed by rare occurrence someone decides to use this prediction, please do your own analysis first and foremost, while i don't mind my idea helping others, I wouldn't like to see others fail alongside me due to my own. Take Profit 1 : 3855 Take Profit 2 : 3870 Stop Loss : 3790 Possible Prediction Expiry Date & Rules: If Price Breaks Out of Bounds & A Week Or So.
CAPITALCOM:US500Long
by xevious000
1
Wanting FeedbackI’m new to crypto entirely so I just picked a big name and went with it. I’m completely novice to trading in general, wondering how else you would improve from a technical analysis stand point. I feel like I have a lot going on with the chart and colors, just trying to make things stand out, but I feel like it’s cluttered. Tips here would help too! Let me have it! What I see is a stronger uptrend with some clear resistance being met at the 149 (.618 fib line) price point. It also has a descending flag going for it, and the pattern has repeated itself a few times. I would expect it to break through and hangout around the 150 area. I think 161 will be the next major resistance if it continues up.
COINBASE:LTCUSDLong
by Wentle
ES1! Trade zones and next best trade ideas 4/20These zones were created by combining several indicators, as well as Fibonacci and volume profiles. I started by laying out 2-3 point spread rectangles on high volume nodes on the volume profile , and then refined those zones based on previous consolidations. I then added overnight/intraday ranges levels, highs and lows. I mapped out auto-fib retracement levels (as well as reversed auto-fib levels), and 1hr woody pivots on a 1hr timeframe. I switched to standard pivots and mapped those as well. With all of these levels marked, I looked for areas where they were grouped and further refined the rectangles. I also noted where the 34/50 ema cloud was in relation to the zones.
CME_MINI:ES1!
by jjashcraft
E-Mini S&P 500 pre-market trading zonesThese zones were created by combining several indicators, as well as Fibonacci and volume profiles. I started by laying out 2-3 point spread rectangles on high volume nodes on the volume profile , and then refined those zones based on previous consolidations. I then added overnight/intraday ranges levels, highs and lows. I mapped out auto-fib retracement levels (as well as reversed auto-fib levels), and 1hr woody pivots on a 1hr timeframe. I switched to standard pivots and mapped those as well. With all of these levels marked, I looked for areas where they were grouped and further refined the rectangles. I also noted where the 34/50 ema cloud was in relation to the zones. I'm currently a member of TradePro Academy, and these trading zones were mapped out using some of the theory provided in their futures course.
CME_MINI:ES1!
by jjashcraft