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EUR/USD-->The most lovely but WTF Hey traders , I'ts ironic how many times this currency pair burned me, but when i see one of my firstly post here it was the reversal H&S in the Daily and Weekly time frame in Euro/Usd , I feel justified. So, lets go straight to our chart, we Trend is obviously Down, the important rule of "We don't trade against the main trend" Its correct and this is an example of what trading scenario(plan) you have to apply in this cases.Therefore, we are looking for best entry that could be in the yellow levels that you can see clearly in the chart. In addition, the bearish pressure that forced the price to smash the support (strong) level its visual with a clear eyes. If you go back in the chart you can find many -Point A- like the nice open blue that I have drawn for you. From the price action analysis resulting that the price may reach the previous support (now became resistance) and go even more further. Thus, we are looking to take short strategy in order to take profit the stop losses and take profits levels will be adapted but the main idea is this that I mentioned above. The reason that we don't trade against in main trend you will find out why if you join in to this trade. I will try if you want to read me, to put some indicators in the cases that we need the past data to analyse and confirm our trading moves but not for now. If you agree give me Like to motivate me. My name is John Vasilopoulos Instagram: john_vasilo Thank you .
Short
by UnknownUnicorn3549910
1
Possible EUR/JPY short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 days Actions on - A – Activating Event Market will meet resistance in zone @125.44 - 125.74 and fall to the @ 124.4 In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 124.4 FX:EURJPY Trade Management Entered @ Sign up for mentoring Stop Loss @ Sign up for mentoring Target 1 @ 124.4 Target 2 @ .... Risk/Reward @ 3.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
Possible NZD/USD Short position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-3 days Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will find resistance at current levels at @ 0.6848 - 0.6893 levels and move towards the first Target 1 level @ 0.671 FX:NZDUSD Trade Management Entered @ Sign up for details Stop Loss @ Sign up for details Target 1 @ 0.671 Target 2 @ Risk/Reward @ 2.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
1
BIG, medium and small plans of BITCOINI won't introduce myself as the amateur trader anymore, you already know that from previous ideas if you read it :) We all know that whether bitcoin goes long or short, it moves in a short term movements, long, short and flat As you can see in my chart, i used the log scale to track the trend in the big picture which is a downtrend (yellow lines) we didn't yet exit! currently we still in the medium uptrend (blue lines) and the small uptrend (purple lines), we are approaching the break of the 3,950 then 4,050 then 4,350 Also keep in mind the resistance of EMA 200 and EMA 300 before finally if we broke all of these resistances with good volume to swing to the up line of the big downtrend which is around 6,000 Good luck guys, trade safe within the ranges i mentioned, but keep in mind that this is not a financial advice. Thanks for reading!
Long
by MuMounir
Sniping BTC - Short/Long/Short STRATEGY, Simple trading planSimple strategy: 1. Assume you are wrong. 2. Remember - we are in a bear market. 3. Reversed head and shoulders pattern is forming on 4H indicating a possible temporary trend reversal. 4. According to strategy, there is a possibility of a positive pattern recognition if 3600 levels are not tested. 5. Invest 1% of capital on 5x leverage at $3668.9 (enter trade) 6. Set up a stop-loss at 3600. 7. If stop-loss is reached, do not enter the market until any of the top/bottom levels mentioned in this analysis is reached. 7. Take 50 % profits at T2 ($4364.7) 8. Move stop-loss to $3944.7 9. Exit trade at $5247.8 10. Move 30% of profits to hardware wallet, pay out 30% of profits to a bank account, re-invest remaining 40% of profits in the future. This is not financial advice - I'm simply looking for my own mistakes. Let's collaborate & make it work ...together.
BITFINEX:BTCUSDLong
by crypto_poet
5
Possible EUR/GBP Short Position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 - 2 weeks Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @0.9093 level and move towards the first Target 1 level @ 0.89 FX:EURGBP Trade Management Entered @ Still waiting for confirmation. Stop Loss @ Still waiting for confirmation. Target 1 @0.89 Risk/Reward @ 4:1 Happy trading. Will let you know closer to the time if or when executed:) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
XRP/USD Founder Criticism After 16 days of lower lows, XRP prices are steadying, gaining in the last day and just 1.4 percent down from last week’s close. Though this is overly positive for investors –because it confirms our previous XRP/USD trade plan, we need to see spike in participation. From candlestick arrangement we shall recommend bulls once there is a clear break and close above 40 cents—our minor resistance line and buy trigger line. It’s easy to see why. Notice that after 17 days of draw down that saw prices did from 60 cents to spot prices, XRP prices risk dropping below 30 cents and 25 cents erasing gains of Sep 2018 and binning our forecast. But, in the last three weeks, there has been rejection of lower lows causing bulls to slow down thanks to the long lower wick hinting of increasing demand in lower time frames. Of note in this time frame is Nov 25 pin bar. After a week of strong bears, prices did find support and since then XRP/USD has been oscillating within its high low. For bears to dominate then we need to see clean breakouts below Nov 2018 lows. Then and only then shall we recommend shorts with first targets at Sep 2018 lows and later 15 cents or lower. Conversely, injection of bulls that ignites a rally above 40 cents shall trigger aggressive traders into action. When that prints, then bulls should buy on dips with first targets at 60 cents.
BITFINEX:XRPUSD
by kris_pad
Creating your own Trading Strategy!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Creating your own Trading Strategy!! Below is a quick run down of things to think about when creating your own trading strategy 1. How much time during the day do you have to devote to trading? .................................................................................. 2. How much money do you need to live on each year and how much of that must come out of trading profits? ...................................................................................................................................... 3. How many distractions can you expect during the day/night? ..................................................................... 4. Specify the markets and times of the day you will trade? ......................................................................... 5. Do I want to trade multiple systems? ............................................... 6. Will you short sell? Or go long? ........................................ 7.Where will you place your Entry/Stop Loss and Target Line? ........................................................................... Follow your Trading plan, Remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
FX_IDC:USDWTIEducation
by SMPTrader
The phenomenal Successful Trading Plan 103 & 104SELF DEVELOPMENT/METHODOLGY/PSCHYOLGOY The phenomenal Successful Trading Plan 103/04 3. Trade Preparation By concentrating on getting ready, the exchanging plans for the higher time allotments, the cash administration will dependably keep the proportion altogether. Trade proportion is the quantity of pips one may make versus the quantity for which one has a chance. Trade proportions for swing exchanging the H4 time span can be around +3 to +5 to +1 positive, which is incredible. However, on the D1 and W1 time periods, it can be +5 to as high as +50 to 1 positive. 4. Trading Rules As with any business, money management, or in the case of trading, trade management, is a crucial element that needs to be addressed in your trading plan. Having a robust trading plan with predetermined trading rules will allow you to act subjectively in response to market changes. Trading is not about winning all the time; it is about effectively managing your trades, whether they are winners or losers. Unfortunately, many come to trading with a gambling mentality and do not exploit the advantages available when managing trades. Do not risk one cent on the market until you have clearly defined each of your trade management rules. Following are seven trading rules, which you must determine for each and every trade you make and some potential considerations for each: 1. Entry 2. Initial Stop Loss 3. Position Size 4. Re-entry 5. Trailing Stop Loss 6. Adding (Position Building) 7. Profit Taking Exit Strategies For each one of these rules, you must have a pre-defined trading plan. You must know when you will enter the trade and execute your entry when the criteria are met. You must know your initial risk for each trade as determined by your initial stop loss before you risk any money on the market. You must plan when you will add to your winning positions and how you plan to exit your winning trades. It is not effective to determine your trading plan while in the trade. Emotional and psychological factors will influence your judgement and affect your decisions FOLLOW YOUR TRADING PLAN, REMAIN DISCIPLINED AND KEEP LEARNING :) More elements will follow... Like, share, Comment and follow us to keep updated on our professional trading ideas and education :)
NASDAQ:AAPLEducation
by SMPTrader
The plan to buy BitcoinSince 8th of September Bitcoin has been steadily rising producing higher highs and higher lows, while bouncing off the uptrend trendline. However, on the 28th of September BTC/USD failed to break above the previous high and rejected the 50% Fibonacci retracement level for the second time. Clearly, the resistance has been formed near USD 6,800, but at the same price continues to bounce off the uptrend trendline. Its not a surprise to see price consolidating once again, considering overall cryptocurrency market indecision. The question remains, what to expect next from Bitcoin? Where and when to buy? It seems to be reasonable to make these decisions based on the price activity, occurring under the heavy trading volumes. While the current trade volume is very low, in the past it has been increasing the most when Bitcoin was trading at $6420 price level. This level also corresponds to the 23.6% Fibonacci retracement and still acting as a strong support. The probability that price will get back to this level is high, especially after BTC produced a double top at $6760. Bitcoin might decline towards $6420 - $6260 area unless the recent high at $6.6k is broken. Traders and investors are likely to pay attention to the $6200 area, looking for a buying opportunity. Although to consider buying the Bitcoin, price clearly has to either reject one of the support level or produce a new higher high, breaking and closing above the $6823. To finalize, BTC/USD doesn’t have an established direction for the short and medium turn. The buying opportunity might present itself near $6200, although this could be a risky purchase. On the other hand, breakout approach seems to be a safer way to go. To confirm the decision, one could check the RSI oscillator for the triangle breakout, along with the resistance breakout and high trade volume. Support: 1. $6420 2. $6266 3. $6116 4. $6000 Resistance: 1. $6600 2. $6760 3. $7420
COINBASE:BTCUSD
by CryptalDash
4
S&P ATH DreamGonna dabble in some "real markets" and options juggling here: yesterday SPY managed to barely peek above all time highs but retraced most of the up move by market close. Post market SPU18 tapped July highs and is now sitting right below august 7~9th range. Most important level to watch imo is 2840: A breach below would create a new lower low and would be where i'd exit my current long position (Currently holding 283.5 strike SPY calls expiring end of month) while consolidation and/or bounce above would be a decent place to load up on more longs. I plan on hedging with some more puts if we approach near ATH levels (currently juggling some DIA puts that were just filled) just in case. This is a fairly risky short term take on current price action. Ideally I would long conformation and potential retest. R/R for longs here are also fairly poor at this point as we're close to major resistance with good likelihood of a pullback or even (short term) trend reversal before another rally. My current bullish bias is partially based off (apparent) market fatigue of US-China trade war and speculation on European money flowing into the relatively stronger and stable US markets (or potentially also Japan/Korea, but examine strengthening dollar index DXY). Overall I'm quite confident in a clean break of ATH but if not i'm prepared, and will probably also go back to trading my satoshis on 100x leverage in my moms basement kek.
SP:SPXLong
by TradePod