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Opportunity

EUR/USD could move up ahead the FOMC!Hey tradomaniacs, EUR/USD is currently testing another strong support-zone after a breakout of the secondary descending trendchannel. For now I wouldnt expect extended rallys ahead the FOMC-Meeting aswell as ECB on thursday. So far, it looks like buyers are taking the chance to keep price ranging with strong bullish absorption. Still we`ve gotta be very carefully here as more hawkish tones could continue to boost the US-DOLLAR, this is just a short-term-opportunity. I`m still waiting for another re-test and want to see another strong absoprtion at the support-level. LEAVE A LIKE AND A COMMENT - I APPRECIATE EVERY SUPPORT! Wanna see more? Don`t forget to follow me!
Long
by Trading2ez
7
Chaikin Oscillator From ScratchHi, traders! Today we'll speak about one of the most pretty instrument of divergence detection. The Chaikin oscillator is named for its creator Marc Chaikin.1 The oscillator measures the accumulation-distribution line of moving average convergence-divergence (MACD). To calculate the Chaikin oscillator, subtract a 10-day exponential moving average (EMA) of the accumulation-distribution line from a 3-day EMA of the accumulation-distribution line. This measures momentum predicted by oscillations around the accumulation-distribution line. The purpose of the Chaikin oscillator is to identify underlying momentum during fluctuations in accumulation-distribution. Specifically, it applies the MACD indicator to accumulation-distribution rather than closing prices. For example, a trader wants to determine whether a coin price is more likely to go up or to fall and MACD is trending higher. The Chaikin oscillator generates a bullish divergence when it crosses above a baseline. The baseline is called the accumulation-distribution line. A cross above that line indicates that traders are accumulating, which is typically bullish. The Chaikin oscillator utilizes two primary buy and sell signals. First, a positive divergence is confirmed with a center-line crossover above the accumulation-distribution line, signaling a potential buying opportunity. Second, a negative divergence is confirmed with a center-line crossover below the accumulation-distribution line, signaling a potential selling opportunity. A positive divergence signals a coin price is likely to rise, given the increase in accumulation. A negative divergence signals a coin price is likely to fall, given the increase in distribution. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Education
by Skyrexio
3
ETHUSDT Short OpportunityHi, traders! As you have already guess we've found a possible opportunity of short of ETHUSDT. Have a look at the plot. Initially, have a look at a great support zone that the previous price actions has built. In out opinion bears are too weak to break it now. Moreover, we've found the great Elliott Corrective pattern. As You can see on the plot, the probability of corrective wave B to go up is pretty high. However, considering the market geometry and mechanics C will be the motive descending line. Moreover, Schiff Pitchfork, pretty nice instrument that out friends Trading View give us, is respected by the price action. It helped us to put stop-loss level and confirm our assumptions of price action. We put stop loss a bit higher than the top border cause of the possible market manipulations. We would advise you not to follow us blindly, but also make your own conclusions based on our analysis. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
by Skyrexio
EUR/NZD with a nice sell-OPPORTUNITY!Hey tradomaniacs, EUR/NZD seems to setup a short-trade here as the previous breakout has resulted in a strong momentum with a very decent pullback now and all this without any corrections. At this key-resistance, we have seen many fake-moves, rejections and recently a strong momentum to the downside (distribution). So far the market shows clearly a sign of weakness here, especially since higher volume was not able to push price through it. Either wait for another fakeout or for momentum to the downside to get a decent confirmation! Nice risk-reward is worth to trade this! LEAVE A LIKE AND A COMMENT - I APPRECIATE EVERY SUPPORT! Wanna see more? Don`t forget to follow me!
Short
by Trading2ez
1
NZD/USD with a nice SELL-CHANCE!Hey tradomaniacs, NZD/JPY has previously retested a strong supply-zone I was waiting for to get rejected. After the violation of the previous support and a rising JPY-BASKET we could get a great chance here to sell NZD/JPY, especially since the US-DOLLAR is currently im accumulation and could continue its move up against NZD. A re-test of the support should give us a good risk-reward here and so a chance worth to take! LEAVE A LIKE AND A COMMENT - I APPRECIATE EVERY SUPPORT! Wanna see more? Don`t forget to follow me!
Short
by Trading2ez
1
Neutral Channel 🎚️ Long Opportunity 🟢 $40k Within A Week 💰Neutral Channel 🎚️ Long Opportunity 🟢 $40k Within A Week 💰 "Anyone can draw lines onto a chart, but not every line is representative." This idea is the same as the previous one from another aspect. 💳 KEY POINTS: - Bulls Successfully Broke Very Bearish Channel - Price's At Support In Neutral Channel - Bears Are Tired: Multiple Bullish Divergences On RSI - Bulls Are Still Energetic: Higher Highs on RSI - Historic Invincible Support Hit - Dumb Money Opens Shorts (At Support...) - Smart Money Bought The Dip - Psychologically Tempting Target: $40k - Funding Rate Favors Longs - Excellent RRR: 400% - Every Time In History When BTC Hit This Support Then Hit $40k Within A Week - - Next Week Will Be Green - - - Possibly Starting From Sunday 🌌 OUR SIDE: POSITION: Long LEVERAGE: x10 ENTRY: $32 000 STOP LOSS: Daily close below $29 900 and staying there for six hours TARGET: $40 000
BINANCE:BTCUSDLong
by Elysian_Mind
5
Setting Alarms For Fun and ProfitOne of the most attractive things about being a trader is that once you become proficient with your trading system you don't have to spend all day in front of your computer like an extra in the Walking Dead. There's a lot more to life than trading.  The goal is that once we have developed that skill, we can “trade to live” and not “live to trade.” I like to teach that trading is like fishing - Your job is to go into the water, cast a few lines, and wait for the fish to come and snag a hook. The keyword there is wait . Once you set your lines, you don't have to babysit them: go do something else. (We trade to live, after all!) Likewise, with trading, once you have developed a certain level of skill in "setting your lines", you should only need to spend about 30-60 minutes in front of your computer "working". Then you simply need to wait until the trade, that is price, gets snagged onto your hook. In the meantime, go do whatever it is in life that you enjoy doing.  How do fishermen then know when a fish has taken the bait? Some fishermen attach a small bell on the end of their pole, a “fishing buddy”, and as the fish jerks the line the bell alerts the fisherman that “he’s got a live one!” How is is that Alarms can instantly become your "fishing buddy?" Let us count the ways: First: Management of Buying Power Let's say you have a $10,000 trading account. You wake up, do your morning routine, head to your home office (or the kitchen table) and “go fishing” in the Futures markets. You find three great opportunities for Soybeans, Oil, and Copper. The margin requirements for each of them (per contract) is $4,500, $5,800, and $7,300, respectively. Futures trading requires that you have a certain amount of capital in your account per trade setup, known as the margin, or buying power, at the time you setup your trade. This "margin" is set aside in your account and can't be used, even if the trade hasn't been triggered or entered.  If you wanted to setup all three of those  trades before you headed to work you would need $17,600 in your account. But you only have $10,000. What do you do? In the past, when I ran into this situation, I would have to guess (or hope) I would choose the correct trade to place before I left for work, and send just that one trade to my broker.  Inevitably, I would choose the one losing trade, or the one that didn't get hit , and it ended up that one or more of the other trades turned out to be winners - the trades I did not take - all because I couldn't put on all three at the same time. Aaargh!!! Every day I felt like the trading gods were against me! Here's where alarms can become your best friend. Let's say at any given moment if you received an alarm, you would be able to respond to that alarm within an hour. You could setup an alert line 1/24th the daily ATR away from your entry price. For example, at the time I am writing this, the Daily ATR for Crude Oil is 1.7708 - the average distance or range that Oil trades in a day. Divide that by 24 and on average, oil moves about .0738 per hour. If you are looking to go long oil at $73, you would draw a horizontal line at 73.0738, and set an alert on the line, giving you about an hour to check that the trade is still valid.  When price activates your alert, you can log into your trading platform, verify that you still want to take the trade, right-click the long-short tool (which you had setup beforehand) and send the trade to your broker, whereby then and only then will the $5,800 be allocated from your Buying Power. It is unlikely that all three trades will hit at the same time so this gives you the "buffer time" needed to efficiently manage the available capital in your account to take as many trades as possible. Using alerts in this manner can help you minimize the number of missed opportunities you might experience because of the limited amount of buying power you may have. Second: Trade Opportunity Alerts In the futures market, I have what I call my "31 Flavors" - the 31 Futures contracts that I actively trade. On any given morning I might find 5 assets where I’m looking for a long opportunity, another 5 assets that I’m looking for a short, and the rest aren’t in any trend or environment where I’m looking to trade. Many indicators let you set an alarm when a certain condition occurs. For instance, I can set an alarm on the ten high-probability assets I have flagged to let me know “Hey, Captain: a Sabre Long opportunity just formed on the S&P;”, or “Hey Captain, a short opportunity with the pattern you are looking for just popped up on Crude Oil.”  Likewise, if you are following a Moving Average strategy, you can setup an alarm saying “Hey, Trader: XYZ just crossed the 89 Moving Average” or "ABC just crossed the 40 day Moving Average.  At the time of this writing TradingView will let you setup up to 400 of these alerts. (P.S. - If you need more than 400 alerts, you're probably overtrading... just sayin') :-) When the alert is triggered you can just take a few minutes out of your day outside of your normal trading hours to check in and see if that mid-day opportunity is worth setting up. After a couple minutes, you can get back to what it was you were doing. The myth of the day trader who is glued to his or her computer all day in fear of missing an opportunity is just that - a myth, because alerts free you up to do what is important. Remember, we are trading to live - we aren't living to trade. Finally: Trade Management Let's say you are a swing trader. Trades you enter may take anywhere from 3 to 30 days to hit their target. Say, however, you have a hard and fast rule to take 3R profit from all of your trades because you would rather take 3R any day rather than see price go to 5R, or 7R, just to have it come on back and stop you out for a loss due to emotions or lack of paying attention, because, yes, you trade to live - you're not tethered to your computer or smartphone all day. You've got better things to do. (At least I hope you do!) You can setup an alarm to let you know that a trade you have running achieves 3R of profit, whereby you can then move your stop, then check in on it each morning and/or evening to see how you may want to lock in more profit or call it a day and cash in on your winning trade. Conclusion: In short: Use alarms to make your trading more efficient, more effective, and ultimately, more profitable. Are there any other ways that you use alarms to maximize your trading game? Let us know in the comments... I'm sure we are all, myself included, dramatically under-utilize this very powerful trading tool. Trade well, everybody!
NYMEX:CLN2021Education
by ocaptain
80
NZD/USD with a nice chance to sell!Hey tradomaniacs, after a break below the previous range NZD/USD has retested the daily resistance-zone with a higher volume which appeared with a very slow climb which failed to break through. This is often an indication for a reversal, either a correction or continuation of the previous breakout! Looking at the structure we might see an expanding triangle forming! Watch this level carefully and wait for a confirmation as always! =) LEAVE A LIKE AND A COMMENT - I APPRECIATE EVERY SUPPORT! Wanna see more? Don`t forget to follow me!
Short
by Trading2ez
1
GBP/USD broke out of its primary Trendchannel!Hey tradomaniacs, GBP/USD broke out if its primary trendchannel and could continue its way down for a correction. Since the breakout of the monthly downtrend we haven`t seen any retest yet Watch these levels carefully as fundamental circumstances aer a bit chaotic for the US-Dollar. This breakout could continue or turn out to be a fake. Worth a try with conformation. :-) LEAVE A LIKE AND A COMMENT - I APPRECIATE EVERY SUPPORT! Wanna see more? Don`t forget to follow me!
Short
by Trading2ez
1
A trend trade opportunity on AUDUSDLast week we've had a clear downside move on AUDUSD. Right now it looks like this move will continue and we're looking for a possible entry. This could happen later on today. We could consider a candlestick pattern formation inside of the zone as a good confirmation and this will give us our entry signal. We're expecting another downside push and price breaking below the previous low. The next support level is at 0,7430! Don't forget that there is a Powell speech today!
Short
by ForexTrendline
2
GBP/USD should break resistance soon!Hey tradomaniacs, looking at GBP/USD I can clearly see an upcoming breakout due to different volume at the current resistance. (Future-price market-depth). Strong buyers are sitting at the support-zone and we see accumulation at this spot. Still market can be very choppy, but in this case we can either take an aggressive entry or wait for the break above the "safe entry-zone". Booth entries can give us a great risk-reward and its worth to tive it a try. Previous absorption shows aggressive buyers into lower prices. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
AUD/USD with a nice long-opportunity!Hey tradomaniacs, looking at AUD/USD I see a great long-chance coming soon as the breakout of its range aswell as the previous correction seems to begin. Previous fakeouts, absoprtions with strong momentums do indicate accumulation, which could lead soon to a break to the upside. Additionally we`ve seen economic data which shows that inflation in the U.S is most likely "transitory", means the market might not bet against the FEDs dovish current monetary policy. Watch this level for breakouts and wait for a confirmation! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
1
NZD/JPY with a nice long-opportunity!Hey tradomanicas, looking at NZD/JPY I see a great long-chance as price just broke out of its previous correction. After multiple tests of the accumulation-zone with previous high momentum it looks like price is ready to move up very soon. Stop-Loss-Fishings indicate that retailers were long and already taken out, which is another strong evidence for a long-scenario here as big players are grabbing liquidity. Technically we see a breakout which could attract more buyers to hop in! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
1
JPY could fall very SOON !# GoodChancesHey tradomaniacs, Its the same old story 👉 The market awaits more inflation-data from the USA aswell as the European Central Banks meeting to get any hints for possible tighter monetary policy plans. On thursday we get a bunch of important data, such as the U.S. initial jobless claims, U.S. CORE CPI and the ECB Interest Rate Decision which is probably a reason for the market to stay in its current ranges and continue the week with some choppiness. I`m personally focusing on JPY-Trades today as I see a great chance coming here soon 👉 Looking at the JPY-BASKET we could get a trendcontinuation here very soon and so great chances to sell JPY against other pairs, auch as AUD/JPY, EUR/JPY aswell as GB P/JPY, where I see good opportunities coming soon. Let`s see! =) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
JShort
by Trading2ez
4