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Pivot

Entry on EURUSD today! We wanted to see price reaching our zone on EURUSD but it looks like right now there's not enough buying pressure. This is the reason why we don't take trades towards the zone and against the trend but just wait for the right moment instead. It looks like this moment is now. Not the way we wanted it, but we trade what we see and we're now looking to sell from current price levels. Stops will be above 1,0615 and we should use less risk on this trade because this SL level is still aggressive. A SL above 1,0780 is much better but then we don't have a decent risk to reward ratio. Targets are still below the previous low, we are expecting a breakout!
Short
by ForexTrendline
5
USD CHF - Strong move towards the arrival zoneG'Day Traders and Analysts, Breakdown: 1. Note 2. Contents 3. Research breakdown 4. Education recap 5. Information on Lupa. A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged short, until the opportunity for a close reaches the profit taking zone. This will be activated as long, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are awaiting confirmation of a Bearish move. Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Orange = Daily Please see the original idea posted below, June 11th. Update to the Daily Chart of the highly probable moves of USD CHF. Looking for a reactive tap within the Daily supply as it is a FL. Ample opportunities as this pair is slower in terms of price action, however when price does commit to the large engulfing candles, the volatility is clear. Well this happened, and price tapped the FL Based upon a High curve, where price double topped upon the Daily and weekly zone. Weekly zone - had a reactive move which hit the psychological parity of 1.000 From here price, reacted creating a strong 1st test of the supply imbalance. Where price has a strong previous case, as is seen with alot of currency pairs being analysed at present, these large engulfing 4,5 strong candles with the probability of <50% of a pivot as a breather allows the high probability of a PCP formation when looking for a sell or buy. (in this case sell). Weekly Before; Expected price to remove the long await break of trend. Once broken, clear pathway for bullish moves from the arrival to the new departure forming between 0.912-0.928, which successfully retested. Why did USD CHF exponentially move? From a technical view, DXY moved strong in correlation, along with SPX500 falling from a supply (but this is not causative or correlated). USOIL also as a fundamental pivoted and has shown a strong dominance in price with clear structure. The upside potential was clear, with looking left shows two zones where price could revert on the daily, weekly chart (upon this reversion, provide a clear opportunity for a PCP move). Present Well price did the exact. Why did price suddenly sell off? Highly reactive FL (check weekly). Price was overbought and the FL level had not been breached since May 2019. Sell off was needed as highly reactive psychological levels and arrival zone tap, follows the rules of imbalances and Departure from a supply confirm. Monthly What to expect, well the weekly shows a strong PCP level for sells (using PCP rules within supply and demand rules). With the strong probability of the reactive zone, price is looking to pivot, but as the structure of the market left offers no opportunities of a buying pivot. Sells are still strongly suggested. Any pullbacks are relief of pressure from bearish moves as it heads to target. Looking for Daily closures of head and shoulder pattern forming or a consolidative CP level forming. Do you enjoy the setups? Professional analyst with 5+ years experience in the capital markets Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXII
Short
by LupaCapital
2
How to Calculate a Pivot point.In this quick tutorial I have shown how you can take the formula (high+low+close)/3 to create a dynamic support and resistance level, which you can use to make trading decisions, only buy above pivot and sell below. Now it is handy to have an indicator to do this manually for you everyday, as every day a new pivot is generated. This pivot will filter down possible bad entries by putting you the right side of the trend, wait for breaks of this level to tell you potential trend changes... If anyone is interested I could do a tutorial on how to create the Support 1, 2, 3 and Resistance 1,2,3 levels... at the end of the day nothing wrong with learning the mechanics of your trading system! Pivots can work extremely well on an intraday timeframe, 1m,5m,15m charts will often see trades appear around these levels.. Keep strong and prosper. ZenFlo
Education
by ZenFlo
SPY week in reviewLearning to see, trust, & execute the Intraday System Levels are the key to successful day trading. Position Size, Risk Management, and Intraday Strategies are your critical weapons. Knowing WHEN & HOW to deploy capital is essential which is why we deploy our Daily Matrix System to help us determine if we should be selling Credit Spreads, buying Debit Spreads, playing Long Options, using shares, or trading a combination of each & Hedging. This review is step-by-step using our Intraday Volatility Levels and works with $SPY $SPX $ES $ES_F $QQQ $IWM $BTC (and any other individual stock symbol) MON (June 6)- SPY opened with a GAP UP, quickly attacked the GREEN BUY TRIGGER and immediately hit our SUPPLY ZONE / R1 (WHITE LEVEL). Fundamentally you take 50% of your profits here...GET RISK OUT OF THE TRADE!! Stop Loss should have been at your entry or higher on the remaining 1/2. 1100 hours price action stalled and sold off back under the OVER/UNDER (not displayed on this chart) and immediately moved down below the RED SELL TRIGGER and to DEMAND / S1 (WHITE LEVEL) & accomplished SELL TGT #1. Again, take 1/2 off your short profits at WHITE, and either 1/4 or close the trade at the 1st TARGET. If you left some short runners on, you were rewarded with a huge 1200 hrs drop down to SELL TGT #2. Remainder of Monday's PM session chopped between S1 and S3 and ultimately filled the opening gap from Friday. TUES (June 7)- SPY opened GAP DOWN, but rallied from the opening print, achieving the GREEN BUY TRIGGER early and we called Low of Day (LoD) was in by 0945am. Again, 1/2 off at WHITE SUPPLY ZONE, & we achieved BUT TGT #1 in the first hour of trading. Europe close at 1130 gave some an additional long entry, and the move over R2 opened the BUY TGT #2 door (from 413.80 to 416.05) which was a huge move but failed to peak above Monday's HoD (ominous for the remainder of the week). WED (June 8)- SPY opened GAP DOWN from Tuesday's late run, but the VOL LEVELS had us with a RED MINDSIGHT (under RED SELL TRIGGER) almost the entire day. SELL TARGETS #1, #2,& #3 were hit and the entire afternoon session was between SELL TGTS #2 & #3. THURS (June 9)- SPY opened GAP DOWN (again) but the Levels were paining a RANGE DAY with price action likely staying inside the WHITE SUPPLY/DEMAND ZONES. RANGE DAY RULES applied until 1400, at which time SPY moved under the DEMAND/S1 Zone and we all know what happened from there...SELL TGT #1, #2, #3, & #4 were hit and we closed at the LoD. Expect more pressure overnight FRI (June 10)- SPY opened GAP DOWN and only got a wick above the GREEN BUY TRIGGER. NO CLOSE == NO TRADE, so yet again more sell side activity under the 395 level (which was the $SPY OVER/UNDER for the day). Opening Range Breakout (ORB) to the downside, SELL Targets #1 & #2 were hit before 1130am, and SPY expressed range/chop price action until the 1330hrs move back over S2 and push all the way back to the RED SELL TRIGGER at 394.37 before selling back off in Power Hour
AMEX:SPY
by VeteranWS
Continuing Updated Renko Trading StrategyIncorporating a timeframe into the Renko Strategy The Renko charts on Trading view with the plan that I'm enrolled in will allow for a Renko chart's timeframe from 1 minute to 1 day or longer. Although Renko charts are supposed to factor out time, a timeframe is still used to 'set' the block which is an important concept to the trading strategy When publishing an initial idea in TV, you have to have a timeframe of at least 15 minutes. This isn't what I typically use but do so to accommodate TV. On individual charts, I will use a TF between 5-11 minutes depending on the market's volatility. If the timeframe is set to a small number, the Renko block will be set sooner and could lead to churn in the strategy while having a timeframe set to a larger number will delay the setting of the block which can lead to missed entries or exits. Using a combo of larger block sizes and higher timeframes of 5-11 minutes have seemed to provide good setups for the option trading strategy I use (buying Puts/Calls simple strategy based on market direction) The web has good articles on discovering patterns and levels of resistance/support using Renko charts. Another important concept with good discussions on the web is pivot points ( pivotboss.com ) My current strategy is to combine the current configurations of Renko charts with their weekly counterparts with yearly pivots (traditional and camarilla). In the book on Pivot Points (see pdf), There is an excellent chapter on pivot point analysis and % of probabilities in price action against the levels. I believe that incorporating these yearly pivots side-by-side and the Renko charts and their indicators plus the Linear Regression indicators provide a good foundation for an option trading strategy of simple buying of puts/calls. Referring to the btcusd chart, I've overlayed the 2022 traditional s1 and the camarilla s4 on the Renko chart. Looking at the DEMA 12/20 averages, they're currently split in a bullish position (12 over 20). The 12-May low tested the 2022 S1 level which coincided with the 2nd STD low. This action could be setting up a support level the market could push off. I don't trade btcusd but track it because the market moves 24x7 which provides a lot of training material to learn for other markets.
BITSTAMP:BTCUSDEducation
by mxb1961
1
ETH - update, still bleeding The weekly chart showcases it all for ETH. Daily Update below Eth still has opportunities to continue breaking after a relief rally The current green trendline will break causing a deeper sell off which will align towards the monthly target arrival (see below) Price is now touching the regression bands and will need to capitulate for buyers. Bear market is still strong. BTC dominance is rising continuously (as expected). Review the original analysis snips from below; Important notes. - It is recommended to click into the pictures to review the model figures and or view the technical setups in clearer details, depending on what format of choice is being used (mobile, laptop, pc screen). Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual. II. Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Orange = Daily Monthly, original level Criteria Original level, where the market takes the order from the RBR (Rally Base Rally), the lower level is not tested, due to the original not being required. The reaction is built upon the bi-monthly and weekly chart respectively with the reactive test occurring. (Review re-tested level, fig.3) Bi-monthly level Note back to the previous structure, pertaining 2018 (Jan, 2018) - the structure has netted off the imbalance from the original all time high. This has now created a strong base for buying potential. To truly understand Fig.2 , read the below section for further explanation. Fresh level or future level has already incurred a bi-monthly test once, but not a deep retest so consider this a reactive move upon a fresh level. Structure here is still strong as a basic test of the bi-weekly close has only been tested (which is the imbalance) see (Fig.1) below, as to the Continuation pattern (CP) was required in the previous structure. (Fig.1) (Fig.2) Why is the previous structure important in making an informed decision? History repeats itself, although - no trader/investor will know the exact date, instead risk calculated moves are prepared using what information is displayed upon the market structure. The key zone is highlighted, firstly in purple to represent the bi-monthly zone. The second white dotted lines, show a distinctive close which nets off the February 26, 2018 weekly high. The high closures upon a net 'zero' is a clear distinctive technical piece of information which allows confirmation the price is showing the next move from. This does not 100% always align, however, with probability and risk calculations upon reading the candle stick closures on higher time frames, sentiment can be clear. Do you enjoy the setups? Professional analyst with 5+ years experience in the capital markets Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXII
BITSTAMP:ETHUSD
by LupaCapital
5
NASDAQ, Big Picture analysis. Part#2 (The bearish end?)Hey traders. Nasdaq had broken the bearish trend at 12392, we should see how the next resistances might be broken, first bouncing between them and then breaking out the resistances. To confirm the uptrend, Keep in mind how the prices should be stopped on the resistances and the break up the resistances that I have plotted in the chart. Otherwise, we might stay bearish for a while. Also, don't forget the Pivot Point level, the prices should stay on the pivot point level. Checkpoint uptrend. The prices should be bouncing at 12392 or lower until the week pivot point level, without breaking down. The analysis is based on a Fibonacci retracement, pivot point levels, and trendline.
SKILLING:US100Long
by Bekapc
3