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BTCUSD CHART ANALYSIS ON MID & HIGHER TIMEFRAMES! Firstly, on bitcoin note the bullish Cup & Handle pattern that sure has been in formation for a long time. On the 1HR & 4HR charts price is getting support on the 200 EMA & 50 EMA respectively. Ideally on the 1HR chart we want the 200 EMA to form underneath the 50 EMA. Digressing a bit, my feeling is that next week precious metals like Gold will not perform as well as they have this week. Gold in particular is overextended and overbought on the higher timeframe Stochastics. Silver to a lesser extent which will still shine over Gold in the short term. Notwithstanding, the Gold price will go through the roof next month when the USA finally moves on reducing interest rates which is almost a certainty IMO. I think that the recent blunt price action in Bitcoin as the focus has been on Gold the last couple of weeks, it could be a bullish run for Bitcoin coming up from this Monday. The 1HR chart looks very bullish to me.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
UPDATE: USDCAD [D] Technical Analysis & Top-Down [BUY] [190122] Good Afternoon people... Hope you all had a good weekend Here is an update for the recently posted USDCAD Technical Analysis ... The Buy-Order was triggered @50% FIB of the Pin-Bar Currently trading @1.260 zone - This being my initial target for a 2:1 profit. This being marked out on the updated chart as a relatively new resistance level. With a Daily close above this - I will be looking for a re=test as Support and to scale-in. So, a shift of the stop to break-even and the addition of further risk to capitalise on the current profits. Although, this is just an idea and something I always look for when possible. There are PMI USD News/Data releases @14.25 - A possible Banana Skin :/ Further updates to come... Thanks for tuning in people and the likes are much appreciated.
Long
by fxhole_
Crypto NotesHi traders! I did not plan to make this post but as Crypto markets are currently falling I will share some of my Crypto notes that have helped me to navigate in Cryptoverse. Side note: This is not the only way how to trade Crypto markets. Sharing just some information. Eventually every trader have it's own methods and beliefs. Being early is a great advantage in Crypto If you want to discover good projects early that have high potential then some work is needed to put into research. Nowadays there are so many projects (not only BTC & ETH) and it may feel sometimes overwhelming. Good way is to focus on some specific sectors - this will help to set some boundaries. Of course these sectors (or new trends) can change as we are dealing with fastly moving technology. If you find something and are able to get in early then it means an entry with low price. When project is successful you will make X multiple gains (you can replace X with any number you like). But research is only one part of the work - trade management is also needed. Of course being early has its own risks - at the beginning there is a lot of uncertainty and not all projects are going to succeed. Trader will have greater earnings potential but also greater risk of failure (compared with mature projects). Everything is in balance. I personally feel quite comfortable being early - that's why I also like to invest into startups. I value high earnings potential more than risk of being wrong. Being early gives me some sort of price protection or margin of safety ( check concept 'Margin of Safety' from book "Intelligent Investor - Benjamin Graham" ). This will allow me to deal with volatile price swings more easily. I guess it's just like my personal trait. If you don't feel that way then it is perfectly fine. As I said earlier, you can be successful with different strategies. Just find out what style suits you best. Scale In & Scale Out As I have longer view with my Crypto holdings I like to scale in with my buying. For me good entry points are after selloffs - as long as I have a belief that general market structure has not changed. I have my core positions that I will plan to hold for years but I also have other positions that I am willing to sell. I try to scale out from those positions when market is rising to lock in some profit. Doing that will allow me to put some money aside and have gunpowder to buy more after selloffs or fund new early stage projects. This takes some practicing because sometimes market rises so nicely that trader feels like there is no point to sell until whole market is down ... It is hard to predict those events and that's why I prefer to scale out. I try to play the long-term game and I don't have to do all my buying or selling with one trade. Liquidity Planning Basically I will ride all the ups and downs (hold strategy) with my core positions but scale out (trading) from other positions. Then I have always some reserve to add more during selloffs or to fund new projects. I try to plan ahead how much reserve money I need and make myself available to as many opportunities as possible. For long time I underestimated Liquidity Planning's importance and that has caused me to sell many positions too early (or when conditions were not most favorable) - simply because I did not led my cash flows. I thought that I just 'flow' and find money when opportunities lie in front of me. Final thoughts about Crypto markets - as Crypto is going more mainstream every year and probably there are some new market participants who have never experienced this kind of selloff then just relax - this is not the first and not the last market selloff. Remember - usually when fear is greatest there are also some good opportunities. People tend to forget that and only focus on risks. If some mistakes were made during previous leg up then now is good time to learn and plan ahead. That's how we evolve as traders and humans :) Thank you and enjoy your trading :)
Education
by Laurentsius
4
Weekly Trade Recaps: CADJPY, AUDNZD, LTCUSD December 27 2020 Hello everyone: Merry Christmas and Happy New Year. Last week was somewhat quiet as we had Christmas holiday going into the weekend. Quick going over my current positions from last week, did enter a scale in position, and that was it. There was 1 miss trade that I did not take. CADJPY - First trade running about 2%. SL at 1:1 RR. Second trade scaled in. AUDNZD - Running about 4% in profit. Set my SL at 3:1 RR. Happy to see the trade goes either way, either hit my SL or continue higher and break previous highs. Then I would look for continuation correction to scale in. LTCUSD - Missed trade. Did like the overall price action, but did not have the chance to enter. Any questions, comments or feedback please let me know. Thank you Jojo
by jojofang0901
11
Long ETHUSDT for +4% scalp A nice little correction to supportive area and some buying interest on 2 hourlies; with scope to scale in lower. My basic strategy with ALTS is to look for buying opportunities, and then NOT HODL, but take 4-7% scalps. Due to the general volatility this is a greater than 50% chance of occurring providing take the profit and not be concerned with missed profits. In this case; * largest recent correction was -20 % on dailies * It has just corrected -9.5% so entry here for +4% or around 241, with 33% buying power account size * I will add 33% every -4% drop ( -9.0) and then calculate new average price. * Take profit from new average price at +4% NO MATTER WHAT.....
Long
by Aussie-scalper
USDCAD Support and Resistance Trading StrategySTRATEGY: Support & Resistance Trading Strategy DETAILS Analysis TF: 4H/1D Focus TF: 1H SL: Just above Bearish Engulfing (0.5ATRC on 1H TF) AOV: Resistance Zone 1D Analysis MC: Sideways - Price bouncing inside Horizontal Support and Resistance 4H Analysis Price struggles to create a new High, forming a Bearish Engulfing (not yet closed - but it is a high momentum candlestick) 1H Analysis ET: Bearish Engulfing - Confirmed Bearish Engulfing occurred on 1H TF. Will scale in if price bounced on Support or on 10EMA, 83/100EMA or 200EMA at 1H TF Will scale in if price bounced on Support or on 10EMA, 83/100EMA or 200EMA at 1H TF Note: This post is my personal journal/opinion only. Please trade at your own risk. #ExcellentTrade #BearishEngulfing #SupportandResistance #MovingAverage
Short
by jumpstartscript
GBPJPY Support and Resistance Trading StrategySTRATEGY: S&R Trading Strategy ID: 1209 Analysis TF: 1D Focus TF: 1H AOV: Minor Resistance Area ET (1H): Bearish Engulfing CP: Ascending Channel 1D Analysis MS: Sideways - Price is moving in a range 1H Analysis: CP: Ascending Channel - Price is moving inside the Ascending Channel. However, price failed to break above minor resistance of 140.597. It also looks like price made a pullback under the Ascending Channel. Price closed with Bearish Engulfing which act as our Entry Trigger (ET). Short Position SL: Just above the Minor resistance (140.618) TP: 2.19R - Just before Major Support Note: This post is my personal journal/opinion only. Please trade at your own risk.
Short
by jumpstartscript
NZDCAD Ascending Channel Counter-Trend StrategySTRATEGY: NZDCAD Ascending Channel Counter-Trend Strategy DETAILS Long Term Trend Time Frame: 1D/4H Focus Time Frame: 4H Entry Time Frame: 1H Market Condition Long Term: Downtrend (based on 1D TF/200EMA) Short Term: Uptrend/Consolidation (based ion 1D TF/10EMA and 50EMA) inside Ascending Channel CHART PATTERN: Ascending Channel Area of Value (AOV) RESISTANCE Static: 0.85201 - 0.85075 Dynamic: 83EMA: 0.84701 100EMA: 0.85002 SUPPORT: Static: Minor: 0.83774 - 0.83683 Major: 0.83385 - 0.83158 Dynamic: - 10EMA: 0.84220 - 50EMA: 0.84146 ENTRY TRIGGER(s): 1H: Bearish Engulfing 4H: NA 1D: High Momentum Candlestick going to Resistance Entry Price (EP): 0.84759 Stop Loss (SL): 0.84953 Take Profit (TP): 0.84059 RRR: 4.02 ANALYSIS 1D - Overall trend is showing downtrend based on 1D TF - 200EMA. Heikin Ashi is still uptrend but the price is currently struggling to break above resistance level of 0.85201 - 0.85075. It is also supported by 83EMA and 100EMA which act as Dynamic Resistance. www.tradingview.com 4H - Looking at the 4H TF, we can see that Price is moving on an Ascending Channel. Short term trend showing uptrend which is supported by Heikin Ashi. However, as stated before, the price is currently struggling to break above Static and Dynamic Resistance on a higher Timeframe (1D). We will give more weight on a higher timeframe as Smart Money focuses on this time frame. www.tradingview.com www.tradingview.com 1H - Our Entry Triggers are always on 1H TF. Here we see that there's a Bearish Engulfing Price Action happened on the Static Resistance AOV. This acts as our Entry Trigger. www.tradingview.com www.tradingview.com OTHER ENTRY REASON(s): High Momentum price action approaching resistance usually reverses as it has no higher highs to support its move. ACTION ITEMS: 1. Exit/TP on Higher Timeframes: 4H or 1D 2. Scale in on Entry Timeframe (1H). IMPORTANT: Always move the SL on Breakeven after significant move. Scale in as necessary and move the TP of the initial entry to the SL of new entry. This way, we will be able to Minimize risk and Maximize potential Profit. NOTE: This post is for my reference/journal purposes only. Trade at your own risk.
Short
by jumpstartscript
When a technical approach could be worth the try! Hi guys, It is clear that I only trade stocks that are covered by certain parameters and one of those is the presence of a Catalyst supporting the move. But for studying purposes I am back-testing stocks that are at important technical levels to interest quite some institutional traders. TSLA in pm made a nice pop testing the 182 area and that could mean that buyers finally stepped in. TSLA is the most sold stock of last weeks thus a consolidation on new levels such as 182 would be a great bullish signal. In addition the stock broke beautifully the PM highs thus a small entry to test the pm high would have worth the try. The move to 187 has been solid and offered breakouts opportunities to scale in and build up our position up to first take 187. Consolidated at 187 Price kept rising offering other scale in opportunities up to 190 next level of consolidation. Even if grinding slowly higher the stock got to a fantastic 193sh! Simply amazing. A note deserves the volume profile! Simply perfect. At each pullback red volumes have never crossed up the previous main leading green ones and when that happened price respected supports and resistance.
NASDAQ:TSLA
by Intuitrading
How to manage a position using VWAP to scale in!Hi guys, this is an idea on how could be managed a position using VWAP retests to add size. Obviously this is just one way to interpret a trade through the day and surely not the only one. Speed lines, fade off ma's, level 2, volume profile, pivots and much more offer as well opportunities to menage our trade thus to scale in our position! Hope you find it useful :) When I write at lod the pnl was 2.37, I mean at eod (end of the day)
T
by Intuitrading