Rookie
First Trade Idea...FUN 300% Profit PotentialWarning! First trade idea published...ever...by a rookie....albeit a confident rookie (aren't we all?). I'll admit I got sucked into the CryptoCraze in December and made many foolish mistakes during the huge bull market. We all know things have come crashing back to reality but I have a new found respect for the market and have found an incredible interest in learning the art of TA. This strategy was borrowed from the Trade Empowered folks trade plan. Incredible teachers of TA with hours upon hours of free content. If you're new to the game and don't know where to start I highly recommend checking them out.
Look forward to tracking my ideas on here. More of a personal blog at the moment. Please don't be silly and follow them until I know what I'm doing.
To the experts on here that may stumble across this post...THANK YOU! I have spent a great deal of time analyzing your ideas and trying to figure out how your minds work. Any feedback you have for me is welcomed. Even a "Hey, this idea isn't total crap!" would make my day! But seriously...thank you for what you do.
To the other newbie traders...WARNING! You will not earn 300% on this trade overnight. I scoured the web for days trying to get rich over night. It just doesn't work like that. I am still a newbie but have dedicated myself to learning this skill the right way.
This is a risky trade. Stop will be about 50% of my investment but one I'm willing to take the way the charts are setting up. Could take a bit of time to develop as we're on the daily here but the retracements fit nicely. If you have questions...comment...and I will do my best to explain the ins and outs of this trade as others have done for me.
Note: If price point drops below our buy in range targets must drop accordingly. If T1 hits move stops up to original buy in and enjoy risk free trading from there on out.
Stop: .00000145
Buy In: .00000332 - .00000360
Target 1: .00000730
Target 2: .00000980
I repeat...FIRST...PUBLISHED...IDEA...EVER. EVERRRRRRRR. Like, comment, dismiss all together...you decide. I'd love to hear some thoughts/opinions. Just don't be a jerk about it. Mkay? Thanks.
Happy Trading :)
APPC/BTC Buy Zone ?Hey there,
This is me publishing for the first, as a rookie in Technical Analysis.
Wondering if anyone agrees with the buy zone circled.
It is based on yellow trend lines on a short term basis as this coin just got listed on Binance.
Any thoughts on this, most welcome
Btc/usd long actionNew to charting, feedback appreciated.
Btc/usd consolidating nicely and looks to be forming an upward trend. Would give a breakout price prediction but still figuring out how to project beyond present date.
Note to self: Might have to buy subscription or google that question later.
In sell nowI am in a sell position now and will watch the price near the bottom supporting trend line, expecting the price either to bump up and rise continue in the downtrend.
Possible scenarios there is the price will fall, retest and either continue down or go back in between the trend lines, that has been present there for a while.
Price needs to be watched closely and trade adjusted accordingly.
AUD/JPY PullbackOn my previous post I stated that there could be a downside movement for this pair. However, there was a large amount of upside movement which looked like it was due to noise or news which has been released. As seen yesterday there was some news released for AUD which may have sparked the current increase in buyers.
I feel that the noise period is over and a pullback is going to begin. I am going to take a sale position to the next key level. it is evident that once the market moves out of this zone is pulls back significantly quick.
Euro FX/ U.S. Dollar, 60, FXCMHello World
This is my first post so please critic me if you see anything i'm not doing right. I am attempting to teach myself harmonic patterns and identifying them correctly. please leave any pointers you have or see any mistakes i am making. Every $.02 helps. Thanks.
Anyways, this is euro/usd. Im seeing a short set up on the hour chart. agree?
Gold Cup and Handle, 3-Month Trend, Possible Breakout Tomorrow?I'm just starting out in Technical Analysis and this is my first published chart. I believe that the price will hit the top line of the handle today and the FOMC will determine if we break out or not. If it does break out, I predict a target in the 1280 range. What do you think?