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Putting it all together part 1(July 4-July9th) OK girl you like fibs… and that’s ok why?? Because you like to know where YOU are at in the market. We like Monday’s to add confluence! Noticed how the market came back inside Monday.. Retest monday.. Left monday.. And came back inside? That is great! Also noticed where the market came and collected smart money? Also, this time around we were looking for entries at the 50 or.618 retracement level.. If you did not enter on the 1hr you used the 15m. We combined smart money entry & rockzfx entry techniques along with the fib which really increased confluence and confidence! It also eliminated a lot of the noise. THANK YOU HOLY SPIRIT FOR TEACHING TEACHING TONIGHT!! Time zone: Asian, 8am, and 11am. GREAT TIMES! Key: we need to wait for retracement to happen! Let the market breathe! And always keep the Mondays relation key. DO NOT HESITATE! IF YOU GOT 2 TO 3 CONFLUENCES WE IN THERE LIKE SWIMWEAR! You see it mark it & keep note of it! SL- 10 TO 15 PIPS // TAKE PROFIT- 50 PIPS
by sjhood31
USD/JPY 1/27/2021 13:30 (DEMO)USD/JPY 1/27/2021 13:30 DAYTRADE/SCALP Fundamental/Sentimental News Events: Low impact news that would justify shorts for today, tomorrow's events could definitely follow with massive volatile moves to the upside. Market Sentiment: Mixed pretty much, slightly bullish Technical Time Frame Analysis: Monthly: On quite a consistant downtrend in between two structural levels Sellers being stretched thin, a little exhaustion on sellers Buyers seem like they could jump in and claim the market Weekly: Price is retesting a resisting trendline Consolidation relative to the downtrend means buyers are trying to control the market Based on the fundementals and my knowledge of what's going on in the US, I'm calling big longs for this pair so far Daily appears that price is right below at 23 and is being held back by the trend line Buyers defenitely are showing they have the upperhand buy havent bothered to use it 4H: Harmonic butterlfly pattern Price is testing a 76, but has not acknowledged the 61. May return to test Pattern also supports this idea 1H: Right at the trend line, consolidation Price may need to consolidate before we break it which we will tommorrow Reason for Trade: The main reason I’m taking this trade, mainly only relying on a strong 76 and a trendline, even though the 61 is not yet found to be critical structural level, it makes sense that price would see a drop, especially due to the events that are bound to happen. Indicators: RSI is looking oversold for right now, but possible momentum on larger timeframes Entry Order: Sell Limit at 104.107 Position: 0.1, 5000USD RR: 3.08
Short
by Mike_McCarthy
2
NZD/JPY 1/27/2021 12:30 (DEMO)NZD/JPY 1/27/2021 12:30 DAYTRADE Fundamental/Sentimental News Events: No events that are expected to move price action significantly Market Sentiment: Bearish Technical Time Frame Analysis: Monthly about to close on an exhaustive note New uptrend springing out of a down trend Impulse has yet to see a correction and a structural level at the previous high of the previous impulse seems highly attractive to it Weekly Possible consolidation, neutral for the most part Double top formation is a potential pattern we could see here At a glance, another structural level between the 50 and 61 weekly fib seems like a target Daily On a smaller uptrend but price seems like it's beginning to struggle. Sellers have power by the looks of it 4H Between some critical levels 1H even smaller uptrend. Sellers with potential power Reason for Trade: This course of action is a justified prediction based on very similar behavior I've backtested on this pair. Supporting trendline seems like a very attractive target with selling pressure from the currently testing neckline. Indicators: RSI indicates we may have a bit more juice to squeeze out of this one Entry Order: Limit Sell at 74.908 Position: 0.1, 5000USD RR: 3.18
Short
by Mike_McCarthy
4
AUD/CHF 1/26/2021 17:55 (DEMO)AUD/CHF 1/26/2021 17:55 Day trade Fundamental/Sentimental News Events: CPI. Moves expected today Market Sentiment: Mixed Technical Time Frame Analysis: Larger time frames show price will likely see a correction here soon 4H: Time is moving bouncing between certain levels 1H: Price is consolidating quite a lot, 50% is barely holding its weight. Reason for Trade: Price was consolidating right on top of a 50% indicating it was barely able to get up ito that level. A supporting trend was more likely than resistance. Indicators: RSI says we could go up a bit more before heading down. Entry Order: LIMIT SELL at 0.68719 Position: 0.05, 5000USD RR: 3.18
Short
by Mike_McCarthy
NZD/JPY 1/26/2021 16:30 (DEMO)NZD/JPY 1/26/2021 16:30 DAYTRADE Fundamental/Sentimental News Events: News events too far away to affect price within the lifespan of the order. Market Sentiment: Technical Time Frame Analysis: Reason for Trade: Exhaustion on an impulse at a resisting trend, strong 61.8 structure and a supporting trend seemed like a good landing spot for price. Indicators: RSI checks out. Relatively high with potential for a few wicks to enter into the order. Entry Order: Limit sell at 75.109 Position: 0.03, 5000USD RR: 3.12
Short
by Mike_McCarthy
1
AUD/CAD 1/26/2021 16:05 (DEMO)AUD/CAD 1/26/2021 16:05 DAYTRADE Fundamental/Sentimental Cot: Hedge funds have such little correlation that it is pointless to even use this data. News and Events: CPI Technical Time Frame Analysis: Monthly: previous candles indicate accelarative increase in buyers Shooting star candle, wick needs to be filled Weekly: Daily: 4H: Trend, upwards, has not retested support Simply, instead of looking at every individual time frame, I instead just decided to order based on a level and a trend with the help of indication of buying and selling power. Indicators: RSI Supports all Entry Order: 0.03, 5000USD Position: Limit Sell at 0.98410 RR: 3.52 This is a day trade, not a swing trade. Testing different things right now as much as possible. Entering on the 1 hour rather than the 4
Short
by Mike_McCarthy
GRT - Following other Coinbase listings like CVC & Mana?Hello Traders, GRT/USDT is looking very nice. We have a confirmed bullish structure with HH's & HL's. A couple of key items: - 25/50 EMA Cross on the 1 hour. - Price has flipped the 25,50,100,175, & 225 EMA. - Bullish divergence on the RSI. Targeting: - Recent Highs of $.41. - If this can be broken, I would expect a restest of the ATH's. (And why not, it seems just about anything in crypto right now, is doing its own thing and giving big surprises) Hold on to your hats and keep your arms and legs in the coaster because this is going to be a ride! Thanks!
Long
by MarkStPeter
2