Position Trade: HCP Entry @ 23-23.50Lined up for oversold conditions. Looking for a target around psychological level of $30.
Position
LTCUSDT analysis: Long positionOption 1 goes from here to the blue target: 300 usd. Option 2 goes from here to support, to either stoploss: 180 usd and below, or to the red target: 255 usd. Option green is an extension of option 1 and goes from the blue target of 300 usd to 255 usd as a correction, then to 370 usd as final target in this analysis.
I used Fibonacci retracements, support and resistance and springs and upthrusts in this analysis.
You can read about springs and upthrusts here: www.financial-spread-betting.com
If I made you some money, please consider buying me a beer:
LTC: LfbKuDHZaDTRUV9pXJuWCUcG14XLrGtBcs
USDJPY Big Picture - Breakout Pressure Building The YEN is currently the most bearish held position against an otherwise weak USD (Net Speculators currently 78.4% bearish). 14 period Standard Deviation of Open Interest suggests there is room for more short Yen positions to be added. Open Interest has been building within this significant monthly triangle (shown here on weekly chart) suggesting building steam for a possible breakout.
I am looking to get long on the side of sentiment as the current trendline (purple) seems to be holding to be prepared for a potential long breakout. I will open half my risk here on LTF, and prepare for another long entry around 112 if the purple trendline breaks and retests bottom of current range.
Long will be strongly tested at confluence of blue support levels and monthly upper trendline (black). I'll be adding a short hedge at this level as I expect some bounce or even perhaps more range trading in the blue triangle. On bounce at 113.6-114 zone both long entry and hedge entry Stop Losses will be moved to BE to be safely positioned for movement in either direction.
All published ideas are for educational and informational purposes only. Note specific entry ideas posted here may be part of a larger position and/or portfolio held by the author. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
TRXBTC - Cup and Handle (LONG)It appears that TRX is in the process of forming the "handle" after a "cup" that's been formed from over a decently long period of time.
Given the apparent consistency with the normal characteristics of this charting pattern, I would recommend those who are looking to place long positions on TRX to wait until we hit the bottom of the handle formation, which I expect to be as low as 387 satoshis (previous resistance became new support).
Happy trading!
XEMBTC Long XEMBTC (Positional Trade)
• I am holding this trade for a period of 3 Months. I can see a clear HH sequence forming (Green Dotted trend line). I see price is reacting right above the support and price is challenging the guy who started the move. But I presume that there would be some bearish sign on the trend line If that happens then I would be likely to do hedging as I could sense price is not willing to go Lower Low and it will take a turn to hit the target.
• But here the main point is buyers are strong in this case, it took 6 weekly candles to reach that highest point and sellers are so week it took nearly 29 weekly candles to come to the recent support area that tells strength of the buyers coming in and sellers are so weak. I also presume that I will not see the sign of LL. If this case happens to be safe I am using a wider stop loss and reducing my position size.
• I will be updating this trade once in a week.
Risk Management:
Entry: 0.0000325
TP: 0.000058
Stop loss: 0.00000444
Position Size: 1% Risk on your capital/15.5
Risk/Reward: 1:3 So, HH RR.
If TP is hit then we will be at 44% profit.
Buy from Sellers and Sell from Buyers.
Longer term position outlook for XAUUSDLooking at a potential scenario here over a position trading timeframe (weekly) on XAUUSD
We seem to be holding a relatively key Fib 'area' on the W1 chart at the moment (38.2% & 61.8% of the recent upwards moves) - with this in mind I'd like to see a continued rally in this metal to hopefully re-test the highs of last year and if we can break above then potentially an extended move up to the 'golden' zone on the chart here where we have a cluster of Fib extension levels from the recent moves (127.2% & 161.8%)
I don't usually trade these longer term trades as I don't currently have the patience to hold a position for months on end! :) But have been becoming increasingly more interested in position trades simply as a more 'hassle free' addition to the old trading arsenal.
Let see where it takes us!
GBPUSD: Upside target achieved for 140 pip win. Time to reverseGBPUSD Tuesday Update
Sterling has rallied to the centre of the near term upside
target which was 10 pips either side of 1.327 after an intraday
high in London at 1.3222 for a 140 pip win.
Longs should have been closed out and the entire position
reversed into EUR shorts with stops just 15 pips above today's
high for a small loss if wrong, as per comment below.
BTS/BTCLook at that gorgeous PnD in bitshares graph :) nothing more, nothing less. But regardless of price I think bitshares among other coins with decentralized exchanges will be big, the infrastructure is there, they just need volume and a new era of dex exchanges will proliferate.
But anyway. These prices, I would consider fill some bags below 1.5k is quite prudent. Official top of ichimoku span b is almost 9k, a pretty crucial price for long term perspectives. in the short term, if we'll have some volatility to counteract this dumpage, 3.5k could be touch for sure, and depending on the speed of the movement it could be nice to trade above this price.
The stochastics is in full dump mode pushed all the way to the ground waiting for a string to pull the price up, reset the indicator and give us another perspective of what could be happening next. Just as it happened last year ending in a full dump mode in the stochs and after that a wave of preparation and boom, we lifted on march. Who knows what awaits us in Q1 2018 :o
Pullback Position - Goldwww.tradingview.com
The European Indices show positivity and the American indices are back on track after a period of tension that caused a wispy horizontal trend. The safe haven is left. Money back in the market.
We see a long swing on the day chart of gold caused by the safe haven function gold tend to have. Many European indices show a overbought status as we cross the moving average on a bullish manner and show trend reversal. No entry possibilities here if I follow my system. Then the next option is short gold to follow the pullback towards the sma as we created a big distance in price. As we take a look at the chart we see the target set with Pink and Purple lines. This zone is the expected retracement zone. This zone is created by Fibonacci in combination with the rsi+BB and the price with support zones in mind. Our previous high at $1357.58 is our alert level. Breaking this will change the technical field and denies this position.
As we take a look at the weekly chart we can see that we hit the overbought line. We could see a bounce of this as we go down upcoming days.
USD/CAD Long and short positionU.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures, Stocks and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
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PERFECT TIME TO ENTER THE $XRP MARKET -- HOLD RIPPLE!!Formation of the XABCD pattern and candlestick consolidation leads me to believe that this is an ideal time to enter the market. With additional institutional applications of Ripple emerging every day, I think volume will start to increase and drive up the price.
Is it time to buy AUDUSD? Hey Everyone!
Let's see a scenario for AUDUSD LONG.
Very strong support/resistance @0.745 - white line
An upward movement for 7+ days
A valid trendline that holds the price
Now, even if we have these good points we can't just look at the long side. I will only take this position once the price hits the 0.746 or even a bit higher.
The safest place to enter is above the green line at around 0.7475
I will update you as soon as a trade is taken on this pair.
USD / CAD Short longterm Last friday we had a nice push down. Many of traders believed that this is it! It's time to go short on USD/CAD.
I believe that there are two scenarios here.
1. Price will continue up and it's not end for uptrend yet.
2. Price will move up into stop-loss area to take out those and only then we will see fall.
Usually what we can see is that price goes often under/over last highs/lows to take out stop-loss orders before reversal.
GBPJPY Short 4h chartWe might see another opportunity to go short on the GBPJPY now. Will be playing with a rather huge stop loss now due to the fact that I want to give the price room to move. Whats signaling down is the EMA 200 still showing downtrend, the price is close to both a resistance, fibonacci 50 and the top of the channel. RSI doesn't have tons of room to move. The pair also retraces an average of 162.44 pips up before descending again. We're currently at 143 pips retracement.
Open position:
Opened at: 138.34
Stoploss at: 140
Take profit at: 130
Risk/Reward: 5.02
Orders:
Order 1
Execute at: 138.8
Stoploss at: 140
Take profit at: 130
Risk/Reward: 7.5
Order 2
Execute at: 139.3
Stoploss at: 140
Take profit at: 130
Risk/Reward: 13.29