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ETHUSDT getting ready for a drop!Based on the chart, price reached a major resistance area and a rejection happened. However this rejection is not a good proof for selling at this area right now but based on the candlestick formation and the bearish trend, a drop in price would be highly possible. So these scenarios and good risk reward ratio at this area, lead me to consider it as a good potential area for selling. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Short
by Brian_Philips
2
XAUUSD a bullish movement is highly possibleBased on the chart, price reached a major resistance area and then is strong rejection is about to happening. This rejection can be a good confirm of strength in buyers at this area and on the other side we can see the weakness on sellers. So Based on this scenario I opened a buy position with a good risk reward ratio which is about 1:4. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
FOREXCOM:XAUUSDLong
by Brian_Philips
$BABA - YOLO Adventures 1New day, new series. I am excited to introduce the YOLO (You Only Live Once) Adventures. This is going to be an experiment where I bet $1,000 in options to try and get outsized returns in a short period of time. Of course, I will be using techniques that I have previously mentioned to try and optimize risk/return. On the chopping block, this week is $BABA The main reason for buying this stock is essentially the Chinese Amazon. It is a huge marketplace to buy extremely cheap products. Recently the price has fallen as there has been a crackdown by Chinese regulators which has caused investors to flee the name to reduce political risk. However, things may be about to change. Technically, the stock has seen roughly a 40% reduction. This has caused the stock to overextend its 200-day moving average, creating the potential for a reversal. Additionally, it has bounced twice near the $200 level which could serve as a technical and psychological support level. Furthermore, the stock is approaching a Bullish Wedge Pattern. Any break above the downward trend will serve as a huge catalyst. In some of my options research, the ratio of call to puts is 5-1, a very bullish signal. From TD Ameritrade’s ThinkorSwim platform I derived that there were over 150,000 calls and roughly 30,000 puts on July 21. This suggests that many entities are betting on an increase in price. Today alone there was roughly $18B in call options. Finally, the company reports its earnings on August 3, 2021. I will use this as an exit opportunity as implied volatility usually increases around earnings periods. I will begin entering this trade on the trading week ending July 23. I will average down if the stock continues to sell off and add more around the $200 level. Wish me luck!
NYSE:BABALong
by howdydany
4
DOGE - Risk Management CommentaryOn average, the Cost Basis for DOGE Coin is less than $0.02. Because, no more than around 10% of DOGE capitalisation has been actively traded, downside can be as low as $0.02 - with very little resistance straight down to the 'floor' The tell-tale sign of a break is when existing long traders (at their current break-even point or currently experiencing losses ) - finally throw in the towel and square-up their positions, or worse case, miners etc., those who have a cost basis at much lower prices, dump their inventory - for them at the current price, that's still a very attractive return and still a very real possibility. Of course the inverse is also true - but subject to 'tweet risk' - a different risk driver. So be aware, and plan your risk management accordingly! Good Luck !
BITTREX:DOGEUSD
by Adam-Cox
US30 Analysis & LIVE TRADE US30 is currently in an Uptrend on the Daily Chart when price rejected to close above the Daily Resistance Zone (34954 - 35121). Counter Trend opportunity came on Friday when i saw 1,2,3 Engulfing Candle formation and then entered @the close of the candle with 4:1 R/R. First 3 TP levels achieved, last position still running! Price is currently @ 4HR Support Zone (34660 - 34729) and potential counter trend opportunities on lower time frames if level isn't broken. If 4HR support is broken, I'll be looking at the next Daily Support Zone (34101 - 34400) to find counter-trend opportunities. 4HR Support Zone (34660 - 34729) Daily Support Zone (34101 - 34400) Daily Resistance Zone (34954 - 35121) SL- 108 Pips⛔️ TP1- 108 Pips✅ TP2- 216Pips✅ TP3- 324 Pips✅ TP4- 432 Pips✅
UShort
by Deensesay
Filter opportunities if multiple setups are presenting entries Risk Management: How to filter trading opportunities if multiple setups of the same currency pairs are presenting entries. Hello everyone: Today let’s take a look at how to filter trades if multiple opportunities shape up on the same currency pairs. It's in our best interest to understand risk management. If there are trade setups shaping up for the JPY pairs for example, it's a good practice to choose the best ones to enter rather than most of them. When the JPY gets strength or weakness, most of the JPY pairs will move together impulsively, so it's susaintable to filter out all the potential opportunities, and choose the best 1-2 pairs. Taking multiple positions on different pairs of the same currency may potentially put your trading account at a greater risk. Sure, on short term samples and examples, traders may find taking more positions can earn extra profits, but long term sustainability wise, it's not ideal to open up so many positions of the same currency. When traders simultaneously take multiple losses, especially due to correlations, this usually “tilts” the traders, and all sorts of trading psychology effects happen. They may go on to revenge trade, over trade and over leveraged to “win” back the losses they just took. Best to avoid such negative emotions. When I am filtering out potential opportunities, few key areas I will focus on when I choose between multiple pairs: Multi-Time Frame Analysis: Where is the price currently at, and is it in the beginning of the impulse phase on the HTF, or is it closer to the end ? Risk:Reward: 3:1 RR or higher. Can I comfortably enter with proper Risk:Reward ? or is the price already approaching a previous swing lows/highs ? Which pairs may yield the best reward potentially ? Price Action Development: Are we getting the confirmation price action structures/patterns on the lower time frames for entries ? Is there a better, more clear price development between the currency pairs ? Compare the currency pairs with each other, and identify the best 1-2 pairs that fit all the above criteria. Then simply look to set your stop entry orders when applicable. To wrap it up, understand you can always enter or scale in more positions, as the price continues to develop and in your bias favor. As long as our original positions’ SL are at BE or in profits. This way you will never lose money from the original account, while potentially maximizing your profits. Any questions, comments, or feedback welcome to let me know. Below I will list out some of the other educational videos that tie in closely to what we talk about today: Risk Management 101 Risk Management: 3 different entries on how to enter the impulsive phrase of price action Risk Management: How to Enter and set SL and TP for an impulse move in the market Multi-time frame analysis Identify a correction in price action analysis Continuation and Reversal Correction Thank you :)
Education
by jojofang0901
28
NZDUSD Good opportunity to buy!Based on the chart, a strong bullish movement have happened recently and it seems a correction finished. So based on the support and resistance area and the market movement(A bullish Engulfing Candle), we can consider a good bullish movement for following hours. So I opened a buy position with a good risk reward ratio which can be about 1:4.5 Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips
Will it fly or not? You must be aware of these points! 👁👁It seems the 10.77 is a new support for WISH, while the 11.22 is the breakpoint to change the trend. The fight is intense, as the Bollinger Bands are very tight. To the side it explodes, we’ll see a big move afterwards. For now, WISH is just dropping without any signs of life. Since the risk-reward is very good at this level, I think it is a good moment to buy, but you must use a strategy for this, otherwise, things can go very wrong to you. My followers are trading WISH with me, but I don’t think WISH is the most interesting stock to trade around. We have stocks that are looking way better, in my view. Just be careful, and trade wisely! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
W
by UnknownUnicorn21312077
4
USDCHF in sellers controlBased on the chart, we can see a strong rejection of price on the 8th of July and even we do not see any reaction from the buyers on the next day(9th). This event can be good sign of sellers strength on the market. Also on the other hand, we can see a weakness on buyers at Friday(9th of July). So based on this scenarios, I have bearish bias for this currency pair for the following week. ** This scenario will be valid until price stay lower than 0.9150. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Short
by Brian_Philips
GBBJPY Huge ROI | GBPUSD Trade Set Up Hello Guys, sorry for the long delay since i last posted a video on Tradingview, in todays video i pick up where we left off. I review the GBPJPY trade & the GBPUSD trade, we have now taken profit on GBPJPY after hitting target and we are short GBPUSD. GBPJPY: We last reviewed the GBPJPY trade in early March, we was currently in 3 positions and up around 28R/%. In todays video we review the trade we hit target on @155.83, which was the initial target we set back January. Overall it was a great return on investment, totalling 48R/% averaging 12% per month between three positions. GBPUSD We managed to get a second retest on the high @ 1.4200. Price has started to show signs of divergence & broken a strong weekly & daily lower trend line support. I will be Looking for further entries if price continues to push down & provide good RR trades. I did however outline a concern i that GBPUSD has been ranging for some time and maybe gathering momentum for a push up, if GBPUSD was to push higher we will revaluate if price breaks 1.4200 (the high). Apologies on the ending to todays video, just before i was abut to conclude the GBPUSD trade the camera cut off for some reason. I was just mentioning we need see GBPUSD commit to the downside, I will post an update if we are stopped out or if we enter further positions. Thank you for watching todays video guys, please give it a like and drop us a comment if you have enjoyed it. Until next time, trade safe! :)
Short
by ConorChurch
Another trade on MSTR? 🤨Well, maybe MSTR will give us another good chance to trade it! Recently I traded MSTR and made the trade public to you, just check it here (not all my trades are public, as I do many): This was a very easy trade to do, and MSTR is doing something good again! The breakpoint is the 625, and the target will be the 690. If we lose the 594, then the trade won’t be valid anymore. We are jus above the 20ma/redline in the D chart. The 690 is the recent top area. Another high risk/high reward trade! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:MSTR
by UnknownUnicorn21312077
2
Snap Inc. $SNAP is leading, now waiting for follow through The stock formed a long base while above its moving averages and in the last weeks is been leading the sector. So, I took position on NYSE:SNAP on the breakout above the $65 resistance level. Now waiting to a good follow through to buy more. A good buy level for me would be higher than $69.60. The risk/reward ratio (2:1) has a target price above another resistance level, so I'll be very carefull once it gets there. Probably I'll just rise my stop to breakeven. NYSE:SNAP is been having a really good revenue growth, annually and quarterlly. Its EPS is not as good as I'd like but it has the technicals that I look for.
NYSE:SNAPLong
by dpuleo19