The Mechanics Of Trading - Part IVPart IV - Decision Making (A vs B)
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
Oscillators
SP500 - Bullish Outlook - Bullish DivergenceVANTAGE:SP500 is in a strong bullish trend. After retracing on smaller timeframes, price formed bullish divergence and broken the last higher high for the first time before retracing from a resistance trend line. Expecting the price to retrace early next week, followed by bullish price action.
GBPCHF - Bullish Trend Line - Bullish DivergenceOANDA:GBPCHF has been in a daily bullish trend and holding the long term support trend line. Currently price is trading at 0.5 fib level, and bullish divergence is also forming on the chart. I am expecting the price to fall and continue to get closer to the support trend line, forming bullish divergence next week. I will be buying on any bullish price action close to the support trend line.
Home Depot DivergenceHome Depot is a stock that loves bull and bear divergences in technical terms. There have been 3 bullish divergences since 2022, all of which have brought an average return of around 25%. The last divergence is now in place and a potential 25% return would push the stock over $400.
The quickening of #BTC RSI & price extremes!I don't make the rules.
:)
We are just surfing the waves of emotions,
of the crowds.
Here we have Monthly line chart with the RSI
It clearly shows a quickening of the trend and how the 4 year cycle is likely to fail this time around.
It is too well know as a theory and will be front ran.
(in my opinion)
We should get a RSI peak at this rate, around May (could be June ofc)
and second lower peak around November (or DEC )
As always good luck in your speculations
#Crypto's are highly speculative instruments as we all know
During these tops you will be told many stories
you must have the wherewith-all to ignore the noise.
$TOTAL will triple until end of 2024It sounds impossible, but take a look!
As CRYPTOCAP:TOTAL crypto marketcap is inside a multiyear wedge, it will likely continue this trend for next months as we are testing the support
If you take a look at the RSI on the panel bellow, another trend is forming and will likely hit the resistence before end of year (big purple arrow), with more then 230% gain
After that, we may see a strong correction, mirroring last cicles as is showed on the RSI panel with the 3 dashed red arcs
Market Analysis and NEO Coin Technical Analysis🔍The market is still ranging, and we are waiting for our triggers to be activated before opening positions.
📆 Coin of the Day: NEO
About the Project
NEO is one of the older projects in the crypto space with its own blockchain, currently ranked 85 on CoinMarketCap, and part of the top 100 coins.
🧩 Technical Analysis
4-Hour Timeframe
This analysis is for trading in futures, examining different scenarios.
♟ Support and Resistance : After a bearish move, the price has found support at 14.39. Since then, the price has been ranging, with three touches at this support level. However, no single high has formed; instead, there are two resistance levels at 15.88 and 16.91.
📉 Bearish Scenario : If a candle closes below 14.39, the next bearish phase might start, with the first support target at 13.31. A break below 35.47 on the RSI could confirm the bearish momentum.
📈 Bullish Scenario : If the price breaks above 15.88, we can look for a target at 16.91. A break above 16.91 would set the next target at 19.17. A break above the 50 level on the RSI could confirm the entry of bullish momentum into the market.
Volume Analysis
The market volume has been steadily decreasing, and since today is Saturday, the volume is especially low. Lower volume indicates that the next market move could be very sharp.
👨💻 Trading Positions
Long Position
Entry Trigger: Break above 15.88
Strategy: Open a position on the break of 15.88 and wait for confirmation from the price to set the target. Consider closing the position or taking profits based on price action and market conditions.
Short Position
Entry Trigger: Break below 14.39
Strategy: Open a position on the break of 14.39 as this is a very critical level in the market. After the break, this level could provide a good risk-to-reward ratio.
📝NEO is currently ranging within key support and resistance levels. Traders should watch for breaks of these critical levels to open positions. Volume analysis suggests that the next move could be sharp due to the low trading volume, especially on a weekend. Long positions should be considered above 15.88, while short positions should be considered below 14.39. Always keep an eye on the RSI for confirmation of momentum in either direction.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
The Mechanics Of Trading - Part IIIPart III
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
The Mechanics Of Trading - Part IIPart I
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
The Mechanics Of Trading - Part IPart I
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
Market Analysis and UNI Coin Technical Analysis🔍The market has not yet made the sharp move we expect in the coming days, but I recommend keeping a close eye on the chart. The volume is very low, and the market could start its upward move in the next few days.
📆Coin of the Day: UNI (Uniswap)
About the Project
Uniswap is a decentralized exchange (DEX) project that allows users to trade cryptocurrencies in a decentralized environment without the need for identity verification. Additionally, because it is a decentralized exchange, anyone can become a liquidity provider and earn fees from the trades conducted on the platform.
🧩Technical Analysis
4-Hour Timeframe
After the previous analysis, where I mentioned that breaking 8.226 could lead us to the target of 10.521, we saw this happen as the price not only reached but surpassed this target, hitting a peak of 11.733. Currently, the market is in a correction phase, and we have retraced to the 0.382 Fibonacci level. Given the increasing volume of red candles, we might expect further correction to the 0.618 Fibonacci level, which overlaps with 9.806 and could even reach 9.028.
📊Volume Analysis
The volume of red candles is increasing, indicating a strong bearish correction phase. If the correction continues, it could reach the 0.618 Fibonacci level or even 9.028.
📈Trading Positions
Long Position
Entry Trigger: Break above 11.733
Target: 13.338
Confirmation: A break above 54.02 on the RSI could confirm the entry of bullish momentum into the market.
Short Position
Entry Trigger: Break below 9.028
Target: Short-term targets can be determined based on lower timeframe analysis.
Confirmation: A break below 40.35 on the RSI could confirm the entry of bearish momentum into the market.
For scalping, a short position can be opened on the current red candle, but it is recommended to move to lower timeframes for better precision.
🔑Key Levels
Support: 9.028, 9.806 (0.618 Fibonacci level)
Resistance: 11.733, 13.338
Main Trigger for Short: 6.768 (although it is currently far from the price, it is important to note for future analysis)
📝UNI is currently in a correction phase after a significant upward movement. Traders should watch key support and resistance levels and use volume and RSI indicators to confirm entries. Long positions should be considered above 11.733, while short positions should be approached with caution, potentially entering below 9.028 for a safer setup. Always keep an eye on market volume and RSI for confirmation of the trade direction.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Alien Worlds (TLM) - 30xOn the above 5-day chart price action has corrected 98%. A number of reasons now exist to be long. They include:
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence over a extended period.
3) The falling wedge breakout with target as measured from high to low touch points (blue circles).
4) A few other reasons, especially on the higher time frames.
Is it possible price action corrects further? Sure. Even after a 98% correction sellers are still selling, that takes a special mindset ;-)
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for executing long: This month
Return: 3000%
Is FFIE running to earnings early ? Maybe yes. LONGFFIE is a penny stock of interest as it is also in the EV sector. Earnings are coming. In the past
two days it jumped 82%. The stock is trading 99.9% ( no exaggeration ) down from its all-time
high. On the 15-minute chart, price has jumped above its EMA cloud which inflected upward.
A massive volume inflow peaked the price action in keeping with Wychoff's theory. 42 million
shares traded yesterday morning. The EMA cloud settings are periods are 14/56/140 ( long story
multiples of 7). The slow and fast RSI lines had a golden cross of fast over slow and
both over the 50 are quite demonstrative of bullish momentum. ( settings 3 hrs and 1
week). I will play this long until earnings- adding 100 to 1000 shares per day at the low
of the day on a 5-15 minute chart. I will also look at the options chain for March 15th.
Given that WKHS did the same thing and reports the same time, something behind the
stage curtains is underway. Penny stocks are always risky. My analysis has the risk diminished
here.
$SPY May 31, 2024AMEX:SPY May 31, 2024
60 Minutes.
As expected, 522 was achieved.
21 ema of daily done.
In Both daily and 60 minutes the bar making ATH is the issue. It had close near low of bar.
Hence long for higher target is only above 533.5 levels with close near top of bar.
Yesterday i had shared A, B And C.
And said B and C was important for the day.
Today i will consider A the rise from 499.55 to 533.
We can see in daily the rise was swift.
Thats being corrected now.
I expect AMEX:SPY to consolidate around 516 - 517 levels before next uptrend as long as 488-492 is held on any retrace.
Now for the day in 15 minutes we have oscillator divergence.
AMEX:SPY making LL but not supported by Oscillator.
Considering the fall 529.9 to 521.34 a retrace to 526.5 is possible being 61.8% retracement and 10 averages too.
So today contra trade could be a buy around 522 - 522.5 levels for 525 - 526 as target or sell 525-526 for 518-519 levels.
Buybacks vs. Rotation: JPM and AAPLMany companies are flush with cash right now, so buybacks are going to increase. Buybacks can create plenty of swing trading opportunities.
Buybacks are used by the Board of Directors to drive price upward, or at least maintain price at a certain level. They also remove outstanding shares from public exchanges. The Percentage of Shares Held by Institutions (PSHI) is based on outstanding shares. So with fewer shares outstanding, it can help PSHI hold at a certain level. The Buy Side has been lowering inventory this year. See red arrows on the JPM chart.
In 2018, Buybacks boosted the index components and kept the market from continuing a bear market, which was already underway--a minor bear not a major one. Then in 2019, buybacks surged as the government cut corporate taxes massively. The cash on hand was enormous for most companies so they did mega buybacks, leading the move upward for index components that year. Then, in 2020 the pandemic stock market collapse completed that very odd delayed bear market.
Buyback candles are frequently solid white without wicks or tails. Buybacks often initiate strong swing-style runs, such as they have in $NYSE:JPM. See the blue arrows.
NASDAQ:AAPL also announced a huge buyback program in early May. This gives the Buy Side Institutions the opportunity to lower inventories of AAPL too, without disturbing price much, if at all. AAPL is in a sideways trading range, which is a tough pattern to trade since there is no consensus about what the company is doing to fuel future growth.
DAX Tests Critical Support after Hotter German InflationConsumer price pressures in Germany accelerated in April to 2.4% y/y, which marked the first uptick since December. Eurozone inflation meanwhile persisted at the same level (May preliminary due on Friday), while wages in the region increased in the first quarter. This has created some worries around the disinflation process and the central bank’s prospects for less restrictive stance.
GER30 extends its slide from the recent all-time peak into the third week as a result and now tests a crucial support area. It breaches the EMA200 (H4) threatening the 38.2% Fibonacci of its last leg up. This would pause the bullish momentum and create risk for deeper pullback towards the daily Ichimoku Cloud, but we are cautious around sustained weakness.
Recent European inflation data may have showed some persistence and European officials may have warned against back-to-back rate cuts, but the ECB is expected to become the first major central bank to pivot and slash rates next week. This shift towards looser monetary setting, along with Germany’s exit for recession, are supportive for the stock market. Furthermore, the RSI is oversold and if GER30 manages to hold the pivotal EMA200 and 38.2% Fibo, its bullish bias would be reaffirmed and could lead to new record highs.
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Past Performance is not an indicator of future results.
Ethereum Price Predications on the Daily timeframeEthereum (ETH) Price Analysis and Predictions for 2024
In this analysis, we explore Ethereum's current bullish trend, key support and resistance levels, and potential price targets. Using daily and weekly charts with indicators such as the 50 EMA, 200 EMA, RSI, and Stochastic RSI, we provide a detailed outlook on ETH's price movement. Watch for potential pullbacks to $2,900 support and aim for price targets at $4,046, $5,626, and $7,000. Join the discussion and share your thoughts on Ethereum's future!
Sine Curves and NasdaqSharing a quick chart art analysis of sine curves over the Nasdaq.
If this kind of pattern continues, we should see the start of a sideways move over to the second half of the sine curve after which, the move to the top continues. If the pattern holds true, we can expect a retracement in the 40% to 30% range sometime in an 18 month timeline.
Short and BTFD on the transition across during the Summer
Long in the Autumn for the final leg up
Note that the first two sine curves complete on a 2 year schedule and are part of a similar inflation regime. This current sine curve looks set to extend to 4 years with significant inflationary attributes.
I think this is interesting because it is not a click bate doom scenario nor is it a full guns blazing BTFD scenario.
Anyhoo... it's chart art. Take it for what it is.
EURO & Olympic games are close / CHILIZ can reach $0.3 level! BINANCE:CHZUSDT
COINBASE:CHZUSD
Hello Traders
Chiliz is one of my suggestions for the altcoin market.
You can clearly see long-term accumulation of the price and the break in pitch-fork structure strictly.
Highly potential for the alt rally season.
The best strategy for altcoins is to allocate a certain percentage of assets (for example, 10% of the total portfolio) to buy potential altcoins.🎲
As the Olympics and Euro games approach, the demand for betting on matches and sports tokens will increase.
Monthly Chart on Bitcoin signals Macro Top ReversalWith only a few days remaining this month, the monthly chart on Bitcoin is setting up to be very bearish:
As price action has gone up, Market Cipher B is printing a red Sell signal on the 1M chart, signaling a macro top reversal.
If this monthly closure confirms another macro top, bearish divergence will confirm on RSI (top half) and Momentum (bottom half).
Money Flow is also going down, and the VWAP shows a negative decline.
S&P 500 Short: Potential Ultimate Peak on 23rd May 2024Previous analysis on 20th March 2024 (linked) would have worked but with more downside than expected (~50 points).
Currently, we have a potential ultimate peak in S&P500 on 23rd May 2024.
Take note that this idea will be invalidated with a new high and that could mean much higher prices for S&P. However, as traders, we are concerned with risk-reward and not with being right.
Good Luck!
Head and Shoulders Sell PEPE Buy FIATS/L phuck it
T/P 0.______144???
Looking at this ugly head and shoulders...
I know people ridicule and thats ok, we all have to start and view
But ayways
Looks like a local top and a corrective wave which is long over due
Added a Fib, and confluence to retrace to the .618 on 4 hour and hourly
Whats your tradingview?!!?
USO - Oil Prices are Rising LONGUSO follows the futures prices of oil barrels. On this 30 minute chart, price falls have been
rejected by the POC line of the volume profile and the Lux Algo Donchian channel has
transitioned from downgoing to trending up. The dual TF RSI of Chris Moody now shows
RSI holding above 50 in both the 15 min and 60 min TFs. Net distribution has bottomed out
and accumulation now exceeds distribution. I see this as an excellent entry to buy calls
above the money at $70 or look into shares of USO / UCO/ GUSH ETFs or look at any of
the oil sector stocks including well services which are typically small caps with great upside
volatility with price action momentum. My favorite of those is BORR which currently is trending
up and may have much of its move ahead. The ascending parallel channel of USO is perhaps
a signal for the sector at large.