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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
Will Bitcoin break 8600?Bitcoin has been in a significant upwards move in the last couple of days and has now neared the logaritmic downtrend resistance. The RSI on the 4 hour is overbought and the daily RSI is hitting resistance right now. Also the market has greatly turned euphoric, pointing to atleast a small correction. Knowing how fragile this market is this could quickly snowball into a big dump draging us towards 5K and eventually 4.5K touching the long term log support and building a parabola from there on. I would advise on using tight stoplosses.
BITSTAMP:BTCUSDShort
by HetZuidenZalHerrijzen
2
IS APPLE ON THE TOP ? (The raise and fall of Apple)Since reaching all time high on last April, AAPL has fallen 31.33% during the last 10 months. Yes it is about a third of its price, but is this it? Or will we go much further? Had APPLE just reached a MAJOR TOP ? For that I am looking for a perspective from a big picture (Sometime something can only be appreciated in Log scale) (1) For the last 15 years it moved in a contracting triangle and the trendline had been broken. (2) The April high is just slightly above fib 55. (3) April high look like a major top (end of wave III or worse wave V) - that likely to be follow by major pull back (of more than 80%). I hope I am wrong, because I'm a huge fan of apple . I hope we will only goes to Fib 34 (82.46), otherwise we will go for a huge correction. Salut to Mr. Gann from whom I owe this beautiful fan (see how perfectly fit the waves are) - GANN ROCKS. And my appreciation to WallStScalper that show me the beauty of Gann fan - thank you from the deepest of my heart for this and more.
NASDAQ:AAPLShort
by VivaciousVV
Bitcoin finally out of the bear market ?Here's a simple chart to see that last weeks may have pushed to an important milestone, in normal-scale (I usually use log.scale). > In blue you can see the all-time support trendline > in green/red the falling wedge, correction from ATH IMO excluding less than 24 days spikes to draw TRENDlines is to be done, so you got my green and red bold lines. Several times RSI's broken trendlines showed local top/bottom - better keep an eye on them. Let me know what you think about this : real breakout or trend will make it come back in coming days ?
BITSTAMP:BTCUSD
by Hen0xyd
1