Patience
GBPNZD | Retrace on its way to 1.9020I highlighted GBPNZD awhile ago and my outlook hasn't changed at all. Goes to show how important patience is in trading - price broke the level that I want to short from 9 days ago.
Patience - a bearish rejection off the 1.9020/1.9050 zone sets us us up for a potentially very profitable, medium to long term short.
Short IdeaLots of shorts playing the bearish divergence currently getting their heads squeezed off their necks.
be patient and wait.
EUR AUD - Trade Idea - Long or SHort - Patience will WinHello all DuncanForex.com with another trade idea
This one is dependant on Market conditions,
It is currently consolidating - sitting on Support whilst lower highs are continually made.
It is creating a triangle pattern and I am waiting for it to either break out and retest above the triangle or break out and retest below for a short opportunity.
I have alarms set in tradingview for the price to break certain price levels.
Lets se what happens.
I am conscious that to the left, is a large monthly pin bar - so at a point, I do expect EURAUD to head lower, however it may not be yet - we will see
thanks for looking
Feel free to go to my landing page where you can subscribe for website news and upcoming detail for when the site is to open
Thanks for your time
Duncan
RVNUSD looks for a better support zone. Where are the targets? Hi,
In the past days RVNUSD has broken out of the consolidation and is now retesting the .78 of the rally.
Typical for a confirmation is a break above or below a valid resistance or support and retest to confirm its value in the market.
Exactly that has happened yesterday and we have seen a volatile answer to the retest of the intersection between the boarder of the consolidation and the 0.78 line of the small move to the upside which took place after the flat correction of the rally earlier this year.
To find out where the price is moving to we simply measure the heights of the consolidation and project it at the place where the breakout occured. The middle line is a target as well as other valid support zones in that area. These are in the first place monthly support zones and fibonacci retracements of the rally as well as the target zones of the consolidation .
The intersection between them can give good opportunities to spot opportunities to sell or to buy since they are often the places where reversal or continuation patterns are formed.
Before entering a trade wait until the common centre line is broken and check the fundamentals and the market before entering the trade. I advise to use a top-down strategy as well as multiple timeframes to perform well in the markets.
If you would like to learn more about technical analyses please check out George Beaulieu on youtube.
Thank you very much for reading and f you would like to see more analyses about this particular instrument please give the thumbs up or let me know what you think in the comments below.
Be happy and trade with care
Heish
DONT TRADE THIS CHOP BLOCK!Mess.. The lauch was a perfect tick for tick minute candle match to DXY this morning! dudnt check until after :(
This pattern plays all kinds of random games. There is no top and bottom (general terms). The only thing you do know is it cant move left! It could chop for an hour to the bottom.. or it could take 2 weeks. DO NOT BE FOOLED THIS IS VERY BEARISH. I do not PERSONALLY believe we will correct this far (if at all)
IF by chance we do - they will pump up HIGH to liq all shorts beforehand, so DONT THINK YOUR AT TOP UNLESS HOLDING FROM 2017!!!!!!!
It hunts stop losses (confirmed and next time im making a video!)
it has no support or resistance bc bots are mainly in control here...
Volume doesnt mean jack ive realized specifically over last 24hr
YO(U WILL GET CHOPPED!
IF WE ALL DONT TRADE THIS SCAM IT WILL STOP, CORRECT, AND GIVE US A CLEAR ENTRY - but i ccant save the world only me. nManipulation is at its best now... out of control IMO. Im done for a bit - will trade forex with crypto on primexbt for now! (TA WORKS!)
Best of luck. DO NOT WALK AWAY FROM YOUR SCREEN WITHOUT CLEAR STOP LOSSSES YOU ArE WILLING TO TAKE! I SUGGEST JuST PLACING SEVERAL BUY ORDERS AROUND 7175 (Wont break) and up! (AND BE PATIENT!!!!!!!)
sry about typing, having nerve problems with right hand as of yesturdat and i cant move it in random directions... ;(
check out trends to BTC.D and DXY (all 3 together urself)
Important areaIf price breaks box, wait for retest and enter long
If price fails to break box, wait for retest and short
Instagram: lxlninethree
Such a Similar Movement! XRP/BTCGolden Cross happened in XRP/USD, but I truly believe XRP/BTC pair will decide it all.
Looking at history we should have some movement down if we totally mirror the past.
Stochastic has space to go down.
Take a look how candle pattern in the yellow boxes is so similar!
Take off June 16?
It would be super easy to FOMO now but this time I will be patient. Extra difficult to have a perfect entry but one can try :)
Good luck!
Formation Imminent - Daily Interval - XRFHello Successful Traders,
The stock (XRF) is manifesting strong implications of an trend reversal, considering the Relative Strength Index (RSI) was hovering below the oversold value (20), as well as numerous trend lines pinpointing a bounce towards the upside. Await confirmation prior to entering the market (validation and verification is salient).
Resistance Level 1 - (1.45 - 2.15) 70 cent interval
Key Price Zone (KPZ) - (0.50 - 1.15) 60 cent interval
Support Level 1 - (0.00 - 0.35) 35 cent interval
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Conscientious and Stick To Your Trading Plan)***
-LionGate
Daily outlookAnything can happen in this candle. For longer term trades, what this candle closes on will help determine direction more.
Weary Times - Monthly Interval - EMESHello Successful Traders,
The stock (EMES) has none-the-less represented a significant decline in price action (PA). The current fundamental reports and numerous creditors seeking to exercise their rights for payment, are manifesting worrisome signs as to whether or not this stock will be capable of operating within the near future. Await confirmation prior to entering the market.
Resistance Level 2 - (53.00 - 54.00) 1 dollar interval
Resistance Level 1 - (19.50 - 20.50) 1 dollar interval
Key Price Zone (KPZ) - (7.50 - 8.25) 75 cent interval
Support Level 1 - (0.15 - 0.85) 75 cent interval
Furthermore, fundamentally (EMES) has been troubled with worrisome metrics. Perform diligence and analytics properly
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Diligent and Stick To Your Trading Plan)***
-LionGate
VET/BTC 10-25% Profit, 1-5 Day Trade (& BTT is one bad mothaaa)Happy Friday Financial Amigo's! BTT is my primary love affair at the moment and still gives me tingles you know where. But I also like VET as a potential side chick. It's a good/stable coin, had a nice run over last months and definitely completed significant retrace from then, as well as from all high/late 2017.
My average trade is less than a day but lately I've been trying to venture a bit more into a few mid-term trades to make up for occasional short term loss(es). If I can just couple my wisdom (a.k.a.: arrogant confidence) with some more patience then I'll be in good shape. Seriously though, over time, but especially recently in this coming of age crypto bull market, I've found how important patience truly is if you want to grow as a successful trader.
Easier said than done, especially when drinking while trading. Anyway, not to digress so let's get to it!
TIME RANGE:
Currently: 3 PM Eastern, VET = .00000092 BTC (I'll be excluding all the 0's hereafter)
1-12 Hours :
98/99
1-2 Days :
101/102
1.5-4 Days :
108/109
2-5 Days :
112/113
If I am wrong, then I hope you didn't read this. If I'm right, then you're welcome. Either way, this is for fun and not financial trading advice. DYOR, blah, blah, blah, etc.
PS: SHORT TERM BTC PREDICTION:
Not ever trying to wish losses on other traders, but Gosh! Isn't it nice to hear bears bitching and moaning for once lol. You can fight it all you want, but I knew when this last FUD dip(s) regarding alleged Tether problems/Binance hack, etc., only caused a tiny dip with quick recovery, that it's time for more profits. Other bull runs happened quick, I think this time will be a bit different with longer/more stable growth. However, still expecting some normal Bitcoin/Crypto volatility. Fingers Crossed.
Next Month BTC Timeline:
8K to 8.3K to 9.4K to 10.3K down to 7.5K
(Those are "ish" ranges, not putting my actual sell/buy limits on here lol, or claiming to when it's really fudged figures * cough cough * pay me money for a subscription lol
Good luck trading amigos and thanks for reading. Maybe.
Pullback before the next 300pips move :)I do not have time for explanations, the chart speaks itself !!
When the stock market and forex market are closed.It's such an amazing feeling knowing that you can trade crypto 7 days a week 24 hours a day, because nothing is more annoying than the market being closed.If you love trading and you trade stocks you really have it hard almost everyday and even worst on Friday. For forex traders Friday afternoon are so depressing that you just want to take shots of tequila to ease the pain lol.With all this being said litecoin seems like it will go in for a run but not before it drops. I would be more comfortable waiting for this to drop around 86.499 to then buy.Being patient is the key to success!
Quote:“I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.” – Tom Basso
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Potential (Trend Rev.) Position - Monthly - VIVEHello Successful Investors,
The stock (VIVE) has been quite a controversial stock, as even though the overall performance (since it's IPO) has been quite alarming, their appears to be quite a hefty protocol in place to rejuvenate investor sentiment and stimulate company price. Considering the recent report of initial Quarterly Earnings, they do appear to be optimistic in their approach to creating value again.
Resistance Level 1 - (3.25 - 4.00) 75 cent interval
Key Price Zone (KPZ) - (1.75 - 1.50) 75 cent interval
Support Level 1 - (0.25 - 1.00) 75 cent interval
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Conscientious and Stick To Your Trading Plan)***
-LIonGate
Big Drop or some what of drop?This will be a good stock to look in the morning at open if you're the type to short stocks.ADVM had some great gains today because they had news released this morning. These penny stocks usually tend to move up for any reason and then drop the next day. On top of that it has also hit some resistance.ADVM will be worth to look at tomorrow morning at open.
Quote: “When I became a winner, I said, ‘I figured it out, but if I’m wrong, I’m getting the hell out, because I want to save my money and go on to the next trade.’” – Marty Schwartz
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Say crazy shit like trump just to get attention! Dollar drop!Well please correct me if I'm wrong which I may be like most traders.(Lol bad joke maybe?) Looking at this chart I noticed that this was creating an ascending triangle which currently has the pattern going up.My guess is that this will go up around a little over the 1.35000 to then come down for some good profits.Also, not to mention reports came out that retail sales have been slowing down which could be another impact for the dollar to fall.
Entry:1.35072
SL :1.35300
Tp :1.34248
“That cotton trade was almost the deal breaker for me. It was at that point that I said, ‘Mr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?’” – Paul Tudor Jones
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Potential Bankruptcy (R.I.P) - Monthly Interval - INSYHello Fellow Traders,
The stock (INSY) has arguably caused an epidemic of media notice lately (Rap videos, 70 - 73% depreciation in price in one day, bankruptcy speculation, etc.) This would manifest a pivotal example to have price manipulation and various other tactics can protrude a company to remain in the public's eye for quite a duration. Always ( I repeat ALWAYS) before due diligence prior to investing in any corporation/company, (Your OWN Due Diligence). To those who initially invested in this company, my deepest condolences.
Resistance Level 2 - (33.00 - 34.50) 1.50 cent interval
Resistance Level 1 - (14.50 - 16.00) 1.50 cent interval
Key Price Zone (KPZ) - (6.25 - 7.50) 1.25 cent interval
Support Level 1 - (0.00 - 1.50) 1.50 cent interval
Furthermore, considering the prevalent sporadic movement in price, i would highly advice caution in taking any position at time point in time (even if short).
-LionGate
Why are you failing? Part 1I often think to myself how many traders are actually good and could make money? What if the main reason you're failing is because you use leverage the wrong way. I think every trader has made the mistake of over leveraging in a position when they think they see a really perfect trade. Now maybe they're right but as you know nothing is lined up 100% perfectly in trading.For example they may have saw a great support which they bought into ,but before moving up again the price drops more which resulted in a losing trade. If they have had the right position size it may have helped them be more patient. You often hear people say control your emotions when trading and I strongly believe that your position size will determine how your emotions will play in any given trade.
Disclaimer: These are just thoughts and random charts.
Quote of the day:“Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.” – Larry Hite
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Is trading mostly psychology? Just thoughts.The craziest thing to me about trading is that so many traders will interpret the same exact chart in so many different ways. Some traders will buy and some will sell with both traders closing at a lost.Why does it happen well it could be many different reasons, but I bet the main reason came down to not handling your emotions.The first trader could have been desperate to make money so he didn't wait for the right setups .The second trader might have had a good entry but was way over leveraged and one small move to the wrong side could have caused a losing trade.Being desperate to make a lot of money fast maybe the reason why so many traders lose money. Comment below any thoughts you may have I am also looking forward to learn.
"The stock market is a device for transferring money from the impatient to the patient." – Warren Buffett
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Downward (Re-test All time Low?) - Monthly Interval - PBYIHello Successful Investors,
The stock (PBYI) presents a worrisome investor consensus as enough there have been minimal price jumps, the overall trend is quite significantly negative (bearish). Considering this month's bearish trend, there may be an opportunity to cultivate all time lows. Await confirmation prior to entering the market.
Resistance Level 2 - (135.00 - 136.25) 1.25 cent interval
Resistance Level 1 - (77.50 - 78.75) 1.25 cent interval
Key Price Zone (KPZ) - (50.25 - 60.25) 1.00 dollar interval
Support Level 1 - (16.00 - 17.25) 1.25 cent interval
Not Investment Advice. For Educational and Analytical Purposes Only (Be Conscientious and Stick To Your Trading Plan)***
-LionGate
Trend Reversal (Poss.) - Weekly Interval - EVFMHello Successful Traders,
The stock (EVFM) manifested a strong positive (bullish) sentiment for the beginning period of May. Considering the heightened volume spike, quarterly earnings exceed expectations (Y/Y), technical trend lines presenting strong consolidation (for greater strength in upward penetration), and as well as numerous other implications (BB, Overall-Trend, etc.)
Resistance Level 2 - (16.95 - 17.75) 80 cent interval
Resistance Level 1 - (8.25 - 9.00) 75 cent interval
Key Price Zone (KPZ) - (3.50 - 4.25) 75 cent interval
Support Level 1 - (1.50 - 2.25) 75 cent interval
Furthermore, there could be a false penetration upward (as numerous fundamental analytics manifest worrisome growth for the bio-pharmaceutical's overall performance)
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Diligent and Stick To Your Trading Plan)***
-LionGate
