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BTC - Institutional Accumulation Zone Signals Trend ReversalThe Bitcoin futures market is showing signs of a potential reversal short-term bearish impulse, with institutional traders accumulating positions in a newly identified accumulation zone. This zone, marked on the chart, represents an area where large buyers have been actively buying BTC futures contracts. The accumulation zone has been formed after a period of consolidation and sideways trading, following a sharp downtrend. The fact that institutional traders are accumulating in this zone suggests that they believe the downtrend is coming to an end and that a new uptrend is about to begin. Furthermore, we should observe a key resistance level marked on chart, which can adds further credence to the bullish outlook. This breakout would signal that the sellers have been exhausted and that the buyers are now in control. If the price action can continue to trade above the resistance level, it will be a strong indication that the downtrend has ended and that a new uptrend is underway. Traders should watch for a retest of the resistance level as a potential buying opportunity.
CME:BTC1!Long
by skyline-trader
Supply and Demand patterns scanned automaticallyVery often the main issue for traders is to just on time (quickly?) spot on chart correct patterns that may warn traders about incoming to market Supply or Demand. Everyone tries to catch reversals as this is beginning of potentially long new trend. And asking yourself try to answer honestly to yourself - how often you skipped the move because you didn't notice it at first glance and only it was visible to you AFTER the move happen, when you revisited chart and tried to take lesson learnt from chart and wondering why you didn't enter trade that time.. There could be a lot of reasons of that but one of main that I try to fight is - eliminate subjectiveness. Therefore still I don't automate trading, but try to get potential signals identified by software. After multiple months of research and work, I modified original VSA approach and prepared better version of definitions combining knowledge and tips from multiple VSA Experts. That's how software was created and is learnt to identify Demand and Supply Signals automatically notifying me via alerts/notifications about potential trades. When we add to those signals automatic drawing of Volume Zones, we have complete trading system. Especially during first retest Volume Zones works like a charm when there's perfect opportunities to enter trades in original direction of first breakthrough. On chart I also marked recent examples of Demand & Supply signals that were identified by Scanner BEFORE the trend move happened. Still judgement of trader (manual) is needed but Scanner gives already big edge on market. Combining this with Volume Analysis known from VSA approach and with knowledge about basic market structures, there's no other option than become profitable trader. Of course if you follow your own trading rules and properly manage money alongside with Risk:Reward ratio.
EUREX:FDAX1!Education
by skyline-trader
GOLD Most Important Levels, Preparing The Week with Trading-GuruWelcome to another in-depth breakdown of gold using technical analysis. In this analysis I will help you prepare for the following week using the chart above. I am suggesting a long trade set-up here on XAU/USD. In general gold obviously has a long bias since it's been rising nearly non stop on the larger timeframes. But there are short opportunities on the shorter ones. Bare in mind that when you're shorting you are betting against the market (more so with gold than anywhere else). So you won't want to hold your positions for too long. Anyways, in this idea I will focus on a long position. Let's discuss all the horizontal levels in detail: Horizontal Resistance Zone (Level II) This is a zone that can be used for a really optimistic exit on gold. This zone is marked by the all-time-high of gold around $2080. Be prepared for serious resistance if gold gets close to these levels. I wouldn't suggest to hold over this level, but to exit slightly below, for instance around $2070, to maximize your win percentage. Horizontal Resistance Zone (Level I) This is my recommendation for an exit on a long position. The price is marked by a recent high where gold previously struggled. We have a beautiful 2.44% opportunity here, perfect for a scalp trade that should last about a day or so. Psychological level of $2000 This level is an important one. When gold goes above this level, newspapers will start writing about it. People will have set their alerts on this level, people will have set their take profits on this level. Simply put, a lot of things might happen here. For a slightly more safe exit, you could try to trade towards slightly below $2000, like $1999, to increase your chances of a take profit limit order to get hit. Smaller middle yellow zone Then we have the yellow horizontal zone. This is an area on the shorter time frames where we have seen a lot of resistance, and just before the weekend we witnessed a break-out. I expect that through an S/R flip this zone can be used for a really good long entry. By waiting for the price to retrace a bit, we make sure we improve our risk-reward. Currently the price is a bit in the middle of nowhere, and not suitable for an entry in my view. Horizontal Support zone (Level I) This zone could be use for an even better long entry on gold. If the price retraces this far, you can have a fantastic risk reward when trading a reversal. Also, if you plan to enter around the yellow support, you can use this zone to set a stop-loss. Horizontal Support zone (Level II) This zone can be used for a stop-loss, or for a very very extremely conservative entry. Let's hope we won't see gold anywhere near $1850 anytime soon again. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
OANDA:XAUUSDLong
by Trading-Guru
24
Harmonic and Chart Patterns in ONE IndicatorChart Patterns and Harmonic Patterns using just ONE indicator! This is a automatic scanner for well know patterns like Head and Shoulder to get started. I'm planning to add more patterns in the near future. It works as follows: 1. Is going to plot the pattern on the chart, lines in blue 2. Is going to show you when the pattern has finished to form, triangles and diamonds 3. It is possible to get an alert when the pattern has form For example: is going to give a possible entry when the price has broken the trend line of the two shoulders if we take the Head and Shoulder pattern as an example. Please let me know in the comments if you would like to have more patterns. ====================================================== This versions supports: 1. Head And Shoulder Pattern - Show possible entries when the trend formed by the shoulders has been broken 2. Bat Harmonic Pattern - Show Possible Reverzals Zones in green or red boxes - Alerts when any pattern has form - Can be used on any instrument ====================================================== ====================================================== Next Versions: - All the harmonic patterns - Triangles - Elliot Waves impulses - Double Top and Bottom - Triple top and bottom - Rising and Falling Wedge - The cup and the handle, etc - ABCD pattern Let me know in the comments if you would be interested in something like this please. I'll appreciate your feedback. thanks
by QodingTheMarkets
26