GOLD may down to 1760 as triangle in wave (x)(Red). 10/Nov/21GOLD possible forming a bullish triangle in wave (x)(Red). Price may reached wave d (Cyan/Light Blue) of the triangle @ 1832.56 which is the major resistance zone of the long term down trend line (Red Dotted).....Wave e (Cyan/Light Blue) of the Bullish Triangle could be at around 1760 which is the zone of :- 1) Lower Support Line of the Bullish Triangle ( Cyan Dotted) .. 2) Weekly Up Trend Line Support Zone ( Cyan Dashed ) .. 3) P.O.C ( Point of Control) zone of Volume Profile,,..
POC
USDJPY - SHORTThe price is below the Major Resistance Level. Bearish Harmonic Pattern has been completed. Consider the development of the South Impulse. First target is - POC.
USDJPY - SHORT
ENTRY PRICE - 114.200
SL - 114.700
TP1 - 113.700 (Breakeven)
TP2 - 112.100
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
AUDJPY - SHORTPrice below local POC level. Sell on a false breakout! The target is next POC level.
AUDJPY - SHORT
ENTRY PRICE - 81.700
SL - 82.100
TP - 80.250
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
Sea Ltd stock analysis w/ boxes and Volume ProfileHi everyone,
This time I am analyzing NYSE:SE stock movement using volume profile besides my usual boxes setup.
NYSE:SE stock price has shown very persistent up-trend strenght for the past year.
When we have the equity soaring up like NYSE:SE does, it is helpful to use Volume Profile to see a bigger picture.
I added three volume profiles for different timeframes: 9 months, 5 months and 2 months.
What does it show us?
As we can see in the past 9 months the biggest trading volume occured around 273 level. That is where our long-term POC is.
However, a decent volume profile started developing from 308 level and above.
For the last 4 months the highest volume has been seen at 323 level. Both 2 and 4 month profiles have universal volume distribution with same POC level.
That means that higher price level has been accepted and stock is consolidated on a higher time-frame.
What now?
As volume profile is dynamic, I expect long-term POC to migrate to 320 level.
However, for that to happen we will need to see a lot of volume at 320, which is 7% lower than the current price.
AND that would be happening at the uptrend support line, which is dangerous.
IF that is broken, we could see a return to 273 POC to repair long-term profile structure.
IF we continue higher from here, we would get unevenely distributed profile, which could be bad in the long-run.
Let me know what you think of NYSE:SE movement and if it is sustainable.
Trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
GBPUSD - SHORTHarmonic Pattern has been formed. Consider the development of South Impulse from Supply Zone . The target is next POC level.
GBPUSD - SHORT
ENTRY PRICE - 1.35850
SL - 1.36850
TP - 1.33600
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
USDCHF - LONGConsider the development of North Impulse from Demand Zone . The target is next POC level.
USDCHF - LONG
ENTRY PRICE - 0.92500
SL - 0.92150
TP - 0.93160
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
GRT Analysis 08-09-2021 by TheSocialCryptoClubGRT is viewed very well by investors in the medium/long term.
Today we analyze it from a graphical point of view.
First of all we can outline a parallel bullish channel; moreover, two POC have been drawn: the first one concerns the whole history of GRT and is positioned at 0.56; another one concerns only the last bullish movement and is positioned at 0.90.
A demand area between 0.49 and 0.45 (yellow rectangle) has also been identified.
bounces on the low trendline of the channel, POC level 0.56 and demand zone indicated are all exploitable for the so called buy the dip; instead, above the range delineated by the two POC and the parallel channel, it would be more appropriate to use trend following logic.
In case it goes up immediately, without touching the levels reported for the buy the dip, other levels will be exploitable, such as the central trendline of the channel or the upper trendline and POC 0.9.
In case the bullish movement should take place, the first profit targets should be positioned on the supports/resistances formed between 1.5 and 2.5. A small amount of the initial position should finally be held to take advantage of the possible price discovery.
Thanks for your attention and happy to support the TradingView community!
GBPUSD - LONGConsider the development of North Impulse from Demand Zone. The target is next POC level.
GBPUSD - LONG
ENTRY PRICE - 1.36730
SL - 1.36000
TP - 1.38300
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
BTC move up if POC breaks to recover Vector The above are just areas to be aware of and is not financial advice.
Currently we are being held down by two Points of Control (POCs).
If the POCs are broken we could see the recovery of the High volume candle above (vector).
Above that we have a Naked Daily Open and several Naked Initial Balances (IBs) which could act as resistance.
Also marked on the chart are Pre New York Trading, New York Open and Close, Sydney Open and Asia Open.
Trade safe
Frien_dd
PLTR at global supportPLTR currently bouncing off strong support at the global POC, anchored VWAPs from ATH/ATL and local 0.66. I would expect this to trade to the weekly level before hitting next level of resistance. If this is breached, can see a retest of the VAH but more likely will fall back into the range.
On the bearish side, if lose POC, then would expect big drop to monthly, VAL or even retest the May lows.
XAUUSD - SHORTThe price is below the Major Resistance Level. Sell on False Breakout. Target - Demand Zone.
XAUUSD - SHORT
ENTRY PRICE - 1794.00
SL - 1812.00
TP - 1755.00
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
Double bottom confirmed?Double bottom spotted when the price make a huge spike and continuous uptrend.
Expect price to go further high if it fulfill following requirement
- Price breakout 87.950 resistance
- Fixed poc as support
- Breakout high to the short up trend channel
- Major downtrend breakout ✓
USDCAD - LONGRe-enter setup. Consider the development of a North Impulse after a reversal volume pattern. The target is the POC level in Supply Zone.
USDCAD - LONG
ENTRY PRICE - 1.20930
SL - 1.20200
TP - 1.22640
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
XAUUSD - LONGConsider the development of an North Impulse after the price has crossed the POC of accumulation . The target is the supply zone.
XAUUSD - LONG
ENTRY PRICE - 1806.00
SL - 1794.00
TP - 1851.00
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
Tutorial | How To Identify Potentially Strong Trend DaysI got smoked shorting the MNQ today. And it was avoidable.
The MNQ1! and the MES1! were flashing warning signs since the Sunday open to NOT fade the move. I stayed off the sell side for the opening 30 minute candle, but then got sucked in at a level. The entry was a violation of one of the Golden Rules of Range Trading - STAY AWAY from Outside Days!
In this video, I discuss how to identify Outside Days and look for Untested Prior Session POCs as signs that conditions are pointing to trending price action.
Tutorial | Lesson 4: Key Levels When Trading 24 Hour MarketsLet's look at some key levels to identify before each trading session, especially when trading around the clock markets like futures.
Before the cash session bell, what are the prices for the following levels?
Prior Session High/Low
Overnight High/Low
Developing Value Area High/Low
And then, at 8:30a ET, is price above or below the prior session high or low? Are we seeing an inside or outside day? Other levels worth consideration are prior sessions POC, High Volume Nodes (HVN) for possible areas of support or resistance, and price relative to our trend filter.
Tutorial | Lesson 1: How To Interpret & Trade Volume Profiles In this first in a 5 Part Video Idea Series, I cover the cleanest volume profile distribution that I've named the "Indian Arrow." This profile is best suited to support and resistance levels, and mean reversion trading within well establish channels.
Key Concepts:
1) Volume at price is very different from typical volume over time.
2) Be sure to read the Help Center article about the Visible Range profile before watching the video.
3) The point of control (POC) in the Indian Arrow is the target for longs entered at value area low (VAL) and/or shorts taken from value area highs (VAH).
4) The Visible Range script will display a dynamic profile based on the amount of data "visible" on your screen. In this video I'm looking at 8H candles.
5) Settings in this video for the Visible Range are most appropriate for futures, forex, and crypto products. Settings for equity profiles in a later video.
AUDGBP [LONG]Aud has ben pretty short lattely but is oversold and just reached that right spot on fibo also is on rock bottom from last year.
FX_IDC:AUDGBP
I suggest a little 25% of normal trade market long, followed by another 50% limited buy 0.5405, and waiting another 25% stop buy a little above 0.5422 above the POC
If the price decide to pivot on POC I will take my position inmidiatly because that will be a "Im going sooo SHORT" signal, but if it cross it it will be a nice indicator of long period.
BTC doing Harmonic Pattern?We create a Harmonic Pattern (so far it looks like Cypher or Shark, they have a point D higher than X ... but it can also be Nen Star, he has D a little lower than X..but we'll find out when we see the reaction)
1) We are working on the last leg D (descending)
1a) This pattern is bullish, because after D comes impulsive growth
2) According to the fib shot setup that I gave last week, we met 1 tgt zone 36 and now we are heading for 2 tgt. zone 32800
3) I would expect a strong reflection in place:
3a) 33,300-400 we have a strong price action zone from the history of the last month. After the rebound we did 2x 16-18% gain.
3b) Another such place is 32,300-400, where after visiting this level we also made 2x nice reflection of 25% and 27% gain.
3c) Other strong supports are marked in graphs 31,000 and 29,000 (I don't see a reason to go there yet, but we'll see what tomorrow's graph brings!)
When we bounce the bottom, I expect the first retest of POC - 36,000, where I expect the first major reject, or impulsive puncture and testing as a support level. (we'll wait for that, I'll update you)
BTC - 4hr Chart update and the importance of where the candle......closes
BTC has has said good riddance to the Bearish Descending Triangle it was in.
BTC is back in the Bullish Zone of the Ichimoku Cloud for this 4hr timeframe. Note we have had a Cloud (Kumo) Twist into a bullish green cloud for this 4hr timeframe.
BTC is back above its 50EMA for this 4hr timeframe.
BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA. Note that the Bollinger Bands Upper and Lower Bands are expanding further apart indicating increased volatility and that the price found some resistance at the upper band.
BTC is back above its Volume Profile Visible Range VPVR Point of Control (POC) for this chart set up.
I have added a Volume Profile Fixed Range VPFR and as you can see, BTC is above that Point of Control (POC).
Reason for adding the VPFR is that it gives a more clearer macro view of buyer and seller volume and where the key points are for the range that i’ve selected, whereas the VPVR gives you the amount for whatever length you have your chart set at which could be potentially misleading. Blue representing Buy Volume and Yellow representing Sell Volume.
Note that the last 6 4hr candles closed above its Volume 20 Period Moving Average.
The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 27.02 back above its 9 Period EMA (Blue Line) which is at 22.64. The +DI (Green Line) is at 32.90 and has crossed back over the -D (Red Line) which is at 10.77 indicating that positive momentum is now stronger than negative momentum for this 4hr timeframe.
The Chaikin Money Flow (CMF) is showing that BTC is back in the Accumulation Zone with the CMF (Green Line) at 0.14 and back above its Least Squares Moving Average (LSMA) which is at 0.08 indicating renewed accumulation strength for this 4hr timeframe.
As i mentioned in a few previous BTC post, a very CRUCIAL level for BTC was the Weekly 50EMA, a few traders were posting on TradingView saying that BTC was going to sub $20K, they ignored the fact that BTC would FIRST have to CLOSE this weekly candle below the weekly 50EMA, BTC did wick below it, but it did not close a weekly or a daily candle below the weekly 50EMA level. For whatever timeframe you are in, especially longterm, it is important to remember the IMPORTANCE of where the CANDLE CLOSES. Otherwise…. you’ll just be wick-ing about! :-)
As you can tell, my post are not price prediction post as there are many more experienced traders on TradingView already posting their predications, my post are more educational, showing what these various indicators & squiggly lines that i use are showing me, so I hope this is helpful with your trading and hodl-ing.
S&P. Excessive personification, or not enough?A lot of diddling near the all time highs. If it breaks out, obviously, that's a really bullish indication. If there is continued shyness at the top there might be a lot of points available to the downside as price retreats to area of higher volume. It knows for certain that it will be bought and sold efficiently at lower prices. I think the sharks among us may be willing to risk precious energy waiting around for just that type of move.
GBP/AUDLong Bullish Position pending in the beginning of the new week. We have dropped down to last weeks Low Value Area and have since created a new Point of Control at this level with last weeks Point of Control becoming the second Fair Value Area (Projected Target). The trade is a 1:3.5 RR however this is just an idea at the moment as we haven't seen what price will do at market open and this can effect the decision.
I also see the potential for price to quickly fall to the low value area around 1.82300 as it is also a previous support but we would see a quick retracement back up from this level if we did drop to it.
We will see but i'll be watching this setup / pair into the new week.