Get started

Observation

GBPUSD Retest before continuing to the downsideI anticipate price will retest (to at least) the recent ascending channel lower band breakout, before continuing to the downside. --- At Forexity: my trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday #daytrading
by Forexity
NQ - Nasdaq below CL, going southThe white pitchfork is a "pullback fork". This huge monster measures the whole swing, from April 2020 to the highest point ever reached in the NQ. What is the benefit of such a pitchfork? 1. We see where the center is. Above the center, the market is very strong. It's likely that the market continues in the projected direction. Below the CL (Center Line) it's very likely that price will not jump above it again. So the only ways are sideways or down. 2. Knowing the rules how to trade the pitchfork, we have a nice test at the centerline. Usually we see another test, or even multiples, before the market is heading towards the L-MLH, the Lower-Medianline Parallel and beyond. So, if price falls below the L-MLH, a test/retest is expected and the next target is at least the first WL (Warning LIne...it "warns" that price could turn from there since it's overextended by 2 magnitudes). Let's be curious and put our observation Hat on. #learntoearn
CME_MINI:NQ1!Short
by Tr8dingN3rd
4
FITCH NEWS - TRADABLE MAINLAND REAL ESTATE INDEX - HKG - DAILYCool down on big news as we can see, by zooming out, that the increasing price have found strong resistance and started a durable wide range. The range is clear in this chart, the top is illustrated by the blue line and the bottom by the black line. The bleu line is a resistance tested multiple times , repeat failed attempts leading to a price fall and possibly weakening the uptrend chances believes. The red arrow shows probably where the biggest failure has happened. Mega high volumes and a nice wig. The black line represents a probably super strong support. Beware of fake breaks, it has happened in the past. The little dotted line shows possibly how the price is evolving trying to get out of the range. Fitch news has created an interest about what impact this could have globally. For the moment zooming out we can see that it is just lot of noise for not much as this level have been reached several times before and was expected. Now it is probably more convenient to observe this black line level and see what happen. High volumes involved would show a clear direction. Daily, Weekly, monthly : yes, but not to be observed in hourly. ______________________________________________________ Thanks for the like and shares, really appreciated! This idea is not a financial advice but just a sentiment.
H
by Diallo_Charts_Ideas
XRPBTC and DOGEBTC comparisonsXRP has a similar chart structure to DOGEBTC The major similarity is that the price is range bound, meaning, price has been stuck in a limited area (squeezed) area for the majority of its existence This 'bound' nature, builds tension as each day passes, influencing the probability of a breakout out of this range Some things however are not similar, As on DOGEBTC price can be seen to be consistently oscillating pumps, where XRP has limited pumps An observation post I am long XRP
Long
by Bixley
8
TRICKY GOLD - BEWARE FAKE SIGNALS - GC1! - 30MNWe have seen the COMEX Gold Future showing some fake signals during last weeks. Signals followed by very strong volumes, but, seeing the market price running the other way around. Be careful when trading the Gold Future. All the red arrows are showing examples of fake signals. The blue line is an overall trending line being a strong support, if broken there is strong probability in seeing GC1! Gold Future running further down. The top black line acts like a very strong resistance. We have seen the market testing it and failing to pass it. The black line on the top is stronger and probably more difficult to break than the blue bottom line. Sellers who came in strongly 3 weeks before have strongly impacted a Gold promised to stay above $2,000 last month. See how things change quickly. It is probably better to stay away of the spot and wait for the Gold Future to show a clear direction after having broken a super strong line which are more visible in the Daily chart.
COMEX:GC1!Short
by Diallo_Charts_Ideas
NIFTY - Do you see the pattern leading to 9520 by Friday?This post is just mostly observation and poor man's attempt to see the obvious pattern to many observers. For many hours, we have been consolidating in the upward trending channels. 1) All three down swings are 4.71% , 4.72% and 5.06%. They are taking longer and longer time. 2) The two up swings so far 6.44% and 6.37% . And the later one has taken shorter time than the first one. If we believe the today move is the start of fresh upswing, and it will follow the similar pattern of downswings then we are looking at the target around 9520 till Friday :) I am not Elliot wave technician, so I do not have any tools with me which can predict the market, but still I can observe :)
NSE:NIFTY
by Observe_Think_Act_Think
observation if breaks out of triangle ill look for a long entry. if continues to the downside i will likely look for a short term swing entry with some long puts. just watching for now, but im leaning to a bearish bias. notice the decreasing volume. typically not a good sign. any thoughts? i will publish the same fib levels for the daily shortly. imo it confirms the short term resistance we experienced friday. obviously like to see confluence between the weekly and daily this is not a trade recommendation. strictly for educational purposes
NASDAQ:AMZN
by Therustyb
USDJPY - SPECULATION UNTIL CONFIRMATION.Potential future moves. We sit neutral without a confirmation on either moves. 1. We may see a bounce off the newly formed trend line that has been touched twice (now three times), up to our neckline where we break and continue a bullish trend. 2. We may see price continue a bearish move, where buyers will try to gain momentum/control of the market again (to continue the newly formed uptrend), fail and we continue the major downtrend (zoom out) This is just speculation with slight analysis. Wait for confirmation on lower time frames for a detailed look of what price action is currently doing. This will allow you to pinpoint the perfect entry.
by IndependenTradingFX
Gold Tracker | MacroGold printed same top as bitcoin, but there is some potential here for a breakout to the upside. The move down seems controlled, which can be seen by strong pushback real quick just 3 days in the new month, which can be seen in the monthly chart. I got a small bearish bias, as this can be a giant distribution trading range. On the other hand, I like gold, but I keep my feeling out of the analyses, it's of no use for you. I don't know what to think of central bankers owning most of the gold in the world vs what people claim to happen in the near future, like that all banks will go down, if so, then gold won't be worth much as supply floods the market, right? I personally don't think central bankers will disappear overnight, as the likes of the IMF. Nation states? Yeah, probably. Private and commercial banks? The central banks like ECB are already destroying them in Europe with negative interest rates. See any European bank stock chart and compare that to the US ones like Goldman Sachs. It's very apparent they want to steal the pension funds and rob the more well off people here. But still, the thought of gold owned by them is a conundrum what it will do to price. I don't think gold will be "the standard" in the future (and please don't talk about bitcoin, that won't ever be "the standard", that I do know.) Please share your thoughts below.
COMEX:GC1!
by CryptoSwindle
XauUsd Short term pull back ideaHere we see XAUUSD breaking above 1549.20 area. I believe we will see a pull back down anywhere from the .79 to .62 Fib levels. At these levels I have highlights the three areas with boxes, these are areas in which I think it will be a good idea to make optimal trade entry's for a long position. Further more, if this does happen. Plan on scaling off profits at the 0.27 and 0.62 fib areas on the upside that I have also highlighted. These areas will be perfect for short term longs, or even to hold longer. The blue lines I have highlighted are important key numbers that will affect price, observe how price moves around them, through them, or near them and watch the numbers for wicks and closes. Important numbers include variations containing (00,20,50,80). Key Notes: *Pull back to 1540.00-1543.00 possible. *Entry's for long on pull back include: *1540.02 *1541.70 *1543.38 * targets for longs entered in that area include: *1560.95 *1567.80 Scale off profits accordingly, always smart to book a small amount of profits on the upside, to insure more margin, and confirmed profits just in case anything happens. *Stop loss for these entries should be placed at 1535.87 ( Right at or a tiny bit below the Fib) Just an idea, not saying you should trade these levels and do not thank me or blame me for anything that happens with this pair, trading xauusd can be difficult and volitile, use propor risk managment and keep your emotions neautrall, if you are feeling your heart racing, or getting anxious, fear or anything else do not trade. It is not advised to trade under any emotional distress. Thank you, and happy trading! Lets see what happens ;)
FOREXCOM:XAUUSDLong
by siviot
3
S&P 500 / US Markets observation | Revised target hitWaiting for manipulators to break the ath. From there on out, I'm looking to see if it's a fakeout to get one more corrective move before resumption of the bull for another 1 year and 3 quarters. Confirmation on a monthly close above previous ath. US market should have gone down a lot more given all the statistics, but it seems it got a huge injection in buybacks, while asian markets got trillion of dollars being pumped from central banks... Yes, people are right in their observations that it should have gone down by now and that is most likely the reason it's going up to screw them up, take their money and then going down, since imperfect man playing as god over others, the energy returned will be 10-fold, as cause has effect, as witnesses per negative yield curve across the entire west, this comes back later on in the following years when most people have forgot about it with a hell candle open, as usual. Anywho, back on topic. My revised target from last month has made target, I've closed 50% of my long and the rest with a stop in profit and let the rest ride to see if ath going to be breached and entire world believing the narratives that come, for example how Trump is the best, etc. and bears crying about manipulation as if they were gold- and silverbug hodlers. Yeah, well, we all know markets are manipulated up and down, just take advantage of it and play the game. If you wanna see how I flipped positions (reason, targets and projection) and how it played out and bounced on exact targets, then check my updates in the previous idea (link below). The financial markets and global economics have an expiration date and that is to my calculations 14 January 2021. If you think every major event in history was random, then you must believe that you have more chance in winning the jackpot and probably believe in the big bang. In fact, it's well documented and known for centuries how planetary alignments and sun activity affect human thought and action, that is, if you know everything is energy and vibrates. If you think all the lower level things, like algos to forecast regression, sentiment, vwap, etc. from institutions are complex, than you have seen nothing yet behind the veil and JP Morgan knows this very well, since there is a famous quote around him from the man himself who knows what I'm talking about here. So you might think, this is bullish for crypto. NO, it could mean the very end of crypto. Why? Because crypto (speculation, no measurable value, no use case) is one giant fiat extraction scheme with estimated fiat in the system less than 8% and prices are moved by fakemoney (tether) and every pump gets sold in fiat. But more importantly, what do controllers/governments/enforcement agencies do when they need money? That's right, they go to war, most of the time invading other countries, but since the world gets more globalized, the bigger enemy is man himself, i.e. waging war against it's own citizens. That can be taxes, etc. So what do people do when they need money? They gonna sell that shit to make sure they can eat the next day. I've been warning goldbugs that when there is recession, it's best to buy US DOLLARS, but they didn't listen and drank the koolaid that gold would go to 5k and 10k. What happened? Gold dumped with stocks, oil and housing, while USD went UP. Now you got the same newbies claiming the USD gonna collapse, give me a break. the USD will be the last currency to stand. I might make update on crypto later today or this week when I feel to it, but needless to say, I feel lonely as a bear, since even the most bearish people turned bullish and don't see current price action for what it is. But, I would NOT short it at this time either. This trap can go to 5850 and a break of 5870 can mean 6470-6500 prices again. There were 2 options for bitcoin at the time before the breakout: 1) Take liquidity at 2k zone (since the 3k pool shifted down over time); 2) Pump the price on empty fiat books and create bullshit narratives hoping new money comes in at premium. #2 happened using 440 million TETHERS. The transactions went unnoticed by me, since they used small increments this time, bypassing scanners. The reason I say not to short this (yet), is because yesterday they created another 110 million tethers out of the blue, which can be injected for the next pump and bullish momentum is still strong. Joe fomos are rewarded bigly, yet again, only in crypto. As you can see from my last crypto idea from months ago and if you talked with me last few months, you know exactly where I would buy and bought all in advance (3.2-3.3k when everybody said lower prices), shorted (2x the top of lower TR) and closed (at the exact bottom before the upmove happened long time ago) and reshorted 4.2k before the pump, hedged with spot buys (see chart), stopped out on shorts and manually scalped 2x 1h to breakeven the last shorts. I've explained with updates why I hedge vs stopping out or flipping positions, since I found it the most profitable strategy for swing trades and bigger positions. I don't have positions at the moment, although I do own some bitcoin and two shitcoins now and since the void is so big now, I can put all with a stop in profit. I do decide to cash out if they decide to pump above 6k, but if downtrade continues before end of May, I will stay here to trade. I've no intention to get robbed by exchanges when I know what they're doing right now selling their inventory on each bear rally. If not, well, they might exitscam and leave you with $0 and exchanges are another reason why bitcoin might hit $80 when a global crises happens, because they're a source of money for governments, hackers and organized crime. It's fine to buy bitcoin as a hedge against a local currency, like the Venezuelan bolivar, but when it's global, this does not count anymore. Why? Because what is the value compared against? That's right, the USD... you can smell bullshitters in crypto from far away and most people are just that. The only excuse they will have left when it's collapsing is "hodl, don't compare vs usd". You wanna bet bitcoin going to be used in a global meltdown to buy bread when you can't even pay electricity or phone bills? Even if that is the case and people know you own crypto, the changes for you being robbed or killed has to be taken in to consideration of how smart you are posting your personal details online or telling others about how much crypto you own. That's the price you pay when you don't value privacy, an integral part of individual freedom. Bearish on human intelligence. I do have 2 main targets with a $50 spread for bitcoin, if you follow me, you know exactly where they are and how I derived those targets from a long term outlook, backed by data and applied regression formulas. One of them is going to be hit before calling this bear market over, preferably both, which means a new low. I definitely would be bullish after tether and binance fiasco is resolved, because a global meltdown doesn't have to happen, since those (wo)men are playing as gods and going against nature, it can always take longer, which it did, since doomsday sayers were betting for a collapse which didn't come, which would mean you didn't profit or you lost money. It has come to my attention that nobody gets my updates, that's not my fault, you have to check yourself if the system is broken, if you'd cared you'd have known anyway and those people I trade with already know my positions anyway and it's way more than I post online before it happens.
SP:SPX
by CryptoSwindle
8