Positiontrade
GBPAUD Long term analysisHello Traders,it's been a while since I uploaded an idea. Kindly like this idea if you love it and leave your thoughts in the comment section
I feel the smart money are playing in the range on the Great British Pound/Australian Dollar pair. We can see a stop hunt to the upside trapping early buyers and stopping out shorts. It has now broken out of the range into an OB+Bullish breaker where we could expect to see higher prices
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GNTBTC Flagging prep for breakout GNTBTC - Looking for new entry after taking profit on the first break out of consolidation. I'm still very bullish on this one long term.
Waiting for a BCR of the flag & resistance. Trading on the daily but watching on the 4hour for bullish momentum.
I'm bullish on this long term because of the project as well as the total and circulating supply.
About Golem
Golem (GNT) is a peer-to-peer decentralized marketplace for computing power. The project aims to be an alternative to centralized cloud service providers with its lower price point and open-source community of developers. The Golem network pools global computing power and enables users to access these resources with GNT. Token holders pay resource owners to complete tasks requiring computational resources. The network is composed of the aggregated power of user devices. Golem is reportedly able to compute tasks that run the gamut from CGI rendering to machine learning. Transactions between participants are deemed to be safe because computations take place in sandbox environments that are sequestered from hosts’ systems.
Source: coinmarketcap
GNTBTC Long term long opportunity showing the bulls have arrivedGNTBTC
Good long term opportunity.
Been in consolidation for a few months, creating a W formation within the channel. Completion of this pattern is happening now.
Last night we poked above my area of interest at around 772 and I’m now looking for a solid bodied candle close above this area and then a retest on the daily which is where I will take an entry. EMA’s have crossed bullish and started to turn up also, giving me confidence in this trade.
Many targets along the way from 68-over 570% potential profit. Will reassess at each level.
GBTC POSITION TRADEGBTC POSITION TRADE
Narrative, Use Cases, and Addressable Market can be found on the following link (pages 74-80):
www.slideshare.net
Position Trade:
Grayscale Bitcoin Trust (GBTC) enables investors to gain exposure to the price movement of Bitcoin through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping Bitcoin.
grayscale.co
From a technical analysis perspective, a consolidation from the break of its major trend line indicates a beginning of an uptrend. Bitcoin is currently finding support above its 10-day moving average price. With all moving averages pointing up, it also indicates that a longer-term uptrend may well be in place.
Fibonacci Price Extension indicates a potential price target close to its previous years high, suggesting a 24%-29% profit potential from its current price on the short to medium term. But considering that this may just be the beginning of a long term uptrend, multiple profits on future set-ups can be made if/when it continues to find support above its 50-day moving average. Triggers for entering a trade include acceleration of On-Balance Volume which signals an increase in buying pressure pushing the price higher, and ADX accelerating to 30 which indicates a build-up on the momentum of price action.
LTCUSD just broke out if its long term downtrendLTCUSD
Just broke out of its long term downtrend on the weekly TF, great long term long opportunity IMO.
We’ve broken and retested previous resistance
Massive bullish volume
HH & HL’s
And with BTC and ETH pushing up to all time highs, LTC is sure to follow. Multiple take profit levels from a potential 53% to 500% if we get back to where we were in 2018!
I’m now looking for a pullback to hopefully around $51 to get my entry but my do staggered entries between $51-$56 and will hold this until at least the first target of $79 for a potential 30% minimum gain.
EURNZD LONG (POSITION TRADE) 2K+ PIPSDear Traders
The trade idea is position trade of holding it long term followed by confluences to support my set up with Risk Management of 1-2% risk.
1. 16th March 2020 is where Weekly Candlestick hitting all time high for Euro/NZD at 1.99271
2. Price immediately was reversed by a downtrend of price retracing back towards monthly support: 1.7100, however the end meets and price reversed with a morning star pattern at 1.7200
3. Price remain bullish after breakout, i am waiting for a retest/pullback to be found near daily level: 1.7625 for price to continue impulsive phase.
4. NZD was one of the first economy to recover the pandemic levels along with other asian currencies, however Euro/Usd, Eur/Jpy has recovered well the pandemic levels.
5. EURNZD is a slow pair but the idea is worth the risk and with the confluences, i am taking this trade with 1:14% risk to reward ratio set up
However i am waiting for final confluences before this trade lift off, currently BUY LIMIT ORDER is set.
Risk: 164 pips
Reward: 2310 pips
GBPUSD Price stalled out on the 200EMA on the Weekly chart!This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
LTC / BTC Positional Trading The long-term trading channel 190%It is also worth noting that the coin is relevant for trading now!
Now we are in an important zone from which long-term movement is decided!
I chose the LTC / BTC pair as an example for positional trading. This coin works perfectly technically. To Bitcoin, the coin is held in a horizontal channel from the very beginning of trading. I think you understand that this is not an accident.
In the crypto market of several thousand scam coins there are several such technical highly liquid reliable coins. Litecoin is one of them. It is the impressive profit for those who work in large sums. The ideal ratio of profit and risk. Clear trade. It is easy to predict further price movements.
Positional trading is suitable for those who have already traded an impressive depot and are already tired of staring at the monitor and burning their time, spoiling their eyesight. For those who no longer get high from the excitement of management and so on. Because a large depot can in most cases be dispersed only by such methods. A person must have iron patience and an understanding of the market cycles. Because profits need to wait a long time. As you can see from the graph, for example, only one trend can last up to a year.
Positional trading is the work on the trend on a long-term basis, on charts covering a large time scale. For its implementation, fundamental and technical analysis is often used. Position trading is suitable for all types of markets: cryptocurrencies, stocks, goods, Forex.
In other words, position trading refers to a relatively long-term holding of a position in the direction of a global trend.
Thus, position trading is an independent style, significantly different from others. Market participants can use this approach to hold short-term and long-term positions.
Maintaining a position in the trend, and not work on small weekly fluctuations. This is the main difference from swing, which involves working on the basis of market cycles of several days. In positional trading, you can hold a trade for months or even a year or more (Dow Jones index), it all depends on the trend.
Coins for positional trading are selected very carefully, they must be reliable, be closer to TOP or be this top as an example of Litecoin. There should be a real development of the project in the long term, with a strong team that really does something, and not only has a promise legend. It is very important that the coin you choose for positional trading be highly liquid.
You can work (or rather need) as in long and short. In any direction the price you earn.
If you are not working in short, then most of the position is HOLD on a WALLET! In such a trade where transactions are conducted 1-2 times a year, it makes no sense to risk a huge amount and keep coins on the exchange. Even if you are doing risk diversification through several liquid exchanges.
Only the large time frame is important, we do not pay attention to small price fluctuations.
The purchase / sale of an asset is made only upon confirmation of a change in trend.
No hai and loy! Minimum prices and maximums will be left for hamsters.
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Position Trading Rules:
1) A signal to enter a position is the beginning of a trend on a large timeframe (with a timeframe of 1 day or 1 week).
2) Exit from the transaction is carried out only if there are sufficient grounds for the end of the trend (trend change).
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The advantages of positional trading.
1) Does not take into account small price changes, that is, does not require constant monitoring of the situation.
2) There is no need to be near the computer all the time. In positional strategy, the most important thing is a deep and thorough analysis, on the basis of which a further decision is made.
3) An open position simply needs to be monitored if there is a situation that can change the position or price.
Positional trading strategy is an analysis of daily, weekly and monthly timeframes; holding an open position for at least a few days to several months.
In simple terms, positional trading is a meaningful and balanced entry into a transaction based on holding a position in a trend.
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The disadvantages of positional trading.
1) a long expectation of results that can actually be measured only after months or years;
2) high responsibility for each forecast and analysis, since it can take many days and weeks to hold the wrong position;
3) slow progress in trading (holding positions is good if the trader already has experience, but you won’t be able to gain it quickly by opening deals once a year);
4) the need for significant investment (you can get a tangible income from position trading only if you have a decent amount of money in the account).
As a result, holding a position in certain cases is a significant advantage for an experienced trader, but fatal for beginner speculators.
DAX FUTURES- Position idea to trade .SWINGHello , everyone,
Remember to choose a trade size that fits your budget and doesn’t over-leverage your account. Markets can be unpredictable so ensuring you protect against excessive losses is important to your long-term success.
If you would like to take advantage of this idea make sure to let us know about your progress in a comment.
ATTENTION : The content presented in this publication IT IS NOT a financial or Investissement advice promoted to (you) you are totally responsible for how you manage your capital.
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Kind regards.
EURJPY SHORT TRADE, BEARISH REVERSAL? 600 PIPS POTENTIAL!! Happy Monday everyone!!
After screening my chart this afternoon, i saw that there is interesting sell signal on Euro / Yen especially at the bigger time frame. Is it possible of the bear take in charge now? hmmm.. Might Be!! but lets take a look what information market currently gives us.
Monthly Time Frame
- Downtrend line potential 3rd touch
- Support breakout 128.803 currently on pullback
- Bearish Engulfing candle: Resistance at 123.318, Support at 120.008
- Sell signal identified
Weekly Time Frame
- Downtrend line potential 3rd touch (similar to monthly time frame)
- Support breakout 121.674 current on pullback
-Bearish Engulfing candle: Resistance at 123.357, Support at 121.259
- Sell signal identified
Daily Time Frame
- Support breakout 122.506
- currently price had already touch this support and move, creating engulfing bearish candle, this where i found my sell confirmation.
*ENTRY POINT EXPLANATION*
H4 Time Frame
- Lower low structure formed, 122.821 as high and 122.075 as our new lower low, breaking 122.212 as last week support.
- Double top formation formed at 122.821 as resistance, WAIT FOR PULLBACK to neckline 122.633, than we can good to sell
If this really monthly reversal movement than we might catch 600 pips more at last support 116.470
Thank you for looking at my analysis, this is my point of view on EUR YEN, whats yours? please let me know on the comment and i hope we can be friends ^^
GA NEXT TARGETAs you can see in my previous post, I was able to accumulate 150pips. I took partial, and re analyses the chart, and as you can see in the weekly posted above there is a lot of liquidity gaps that needs to be filled, and that trade I took last night was the perfect entry for this weekly breaker block. Im leaving it on for a while lets see where it takes me. =D