NZDCAD SWING TRADEHigh probability trade
The analysis begins from the Daily timeframe to the 4-hour timeframe execution zone .
5 wave structure complete with multiple wave structures currently in a 3 wave pattern internal structure (3-3- ((with a possibility of 5 to follow)))
Considering where wave B has ended we should consider a high probability that wave C might only go back to the previous high in the wave structure or point A
Setupoftheday
Payo is set up beautifully to launchA strong company with experienced leaders and earnings report set to light the fuse aftermarket on 8/11.
Unfortunately, inflation numbers are set to release 8/10 8:30 AM - Thus, we can expect a rise on 8/9, a sell off on 8/10 and 11, and a rise again on 8/12.
the above is simply personal opinion and should not be construed as investment advice.
Best of luck.
DISH - awesome Flag setup forming hereNice relative strength in this one. Clear Flag setup.
I expect it trading over yesterday's close and break through 45.00
First target 50.00, S/L 42.00
NTR - 7.85% Profit Potential - Ascending TriangleNTR is a fairly volatile stock. Keep this in mind when you trade it. The risk can be higher.
While an Ascending Triangle has clearly formed, the price hasn't confirmed the support line yet. However, the risk exposure is minimal and it might be worth a shot.
- Target Entry: $59.11
- Target Stop Loss: $58.18
- Target Exit: $63.66
- Risk / Reward Ratio: 4.89
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
NZDCAD - Good R/R Set up!Technical View of NZDCAD:
NZDCAD - 1 HR
Pattern: H&S - longer term developing, Wedge - short term
Support: 0.89615, 0.89475, 0.89370, 0.89155, 0.88685
Resistance: 0.89940, 0.90105, 0.90175
How to trade this idea:
Once out of short term wedge, you could trade the pull back and trade it to next support area or resistance - to whatever direction it goes towards.
Best,
Mind Capital
(Just trade idea, not a recommendation)
GBPJPY | LONGS INTO 152.554 AND HIGHER REGIONSGood long opportunities that has been presented on the Pound/Yen the past couple of hours with monitred price action over the past few days, been expecting bullish momentum to pick up for some time now and we finally managed to find a setup to ride the trend up, we have been creating (HH) and (HL) since 150.000. You will see 3 orange horizontal levels, these are the (HL) levels formed, with a intra hour trend-line placed, buy positions were taken off the 3rd touch bounce and 3rd (HL) with the 61.00% fib correction. +120 pips gain on this so far and exiting 152.554 sometime today or later in this week.
Xau/Usd long setup Gold long setup based on 1h chart. we entering after few rejections to the 38% fibonacci and the Moving Average indicator.
Mid term position to hold over the next days. Risk Reward of 3.07,
Entry at @1857
SL at @1846
Take Profit at @1882
If you enjoyed this trading idea make sure to share it with your traders. Have a nice one!
USDJPYRisky trade for ujsdjpy since there are chances for a doble top, but we expecting a break out and cacht a possible spike to the bullish side.
The reasons are that ujdjpy is above the mid trendline, and also above the moving average. We can see also that the fibonacci level of 23% acts as a support level giving USDJPY more probability of a spike out
15 Minute Bollinger Band Strategy Here we use a 15 Minute chart with Bollinger bands set to 20 with a standard deviation of 2.
First we look for an established trend direction, once that has been found we apply our bands, set the deviation for 2 and wait for the price to test or slightly break that lower band. (test/break of higher band in the case of a down trend and sell order)
Here we have highlighted these tests/breaks with a green circle. The blue arrow represents a 200 point gain on each trade. Once the trend has begun to level out the opportunity is extinguished and we move on to the next chart.
Tips/Rules
Don't trade against the trend! eg sell at a high break/test of band on an uptrend!
Keep stops loss tight - if the break and trade entry occurs, but the price keeps moving against you time to get out!
Stay cautious in a sideways market (we will post a strategy for that soon too)
If the bands widen drastically that could indicate high volatility and potential trend change.
Be aware of new releases and high importance data when entering set up.
Good luck!
Orion Fx Trading Team
SPX's Deviation from 200D MA since inception's day 1957Hey guys what's up
I am including all the data here so you can copy, share or edit it on Microsoft apps. feel free to reuse of redistribute all
my work to our trading view community or out side it.
March's low is most likely a fresh new cycle to say the least " believe it or not" with out bias you would come to this conclusion
one way or another and you should accept if before time proof that for you. (even if we get big corrections this is how financial markets behave : -) )
Moreover i probably did allot of mistakes here and there, missed allot of important details ... but i did everything with most to my ability : -)
*************************************
SUMMERY: (RED #s)
During each new cycle we usually get the higher & highest
numbers. the more we go into the cycle the more
the deviations get lower. Moreover, we do get
allot of NOT worthy to mention pullbacks even though
we have higher number of deviation !!! .
--------------So, no GOLDEN RULE here at all.---------------
wish you all the best.
**************************************************************
SUMMERY: (BLUE #s)
Deviation below 200d MA is not that common on a daily
chart, and i assume it would be more rare on a weekly
chart. (5 r single digits-4r20s—9 r teens-1is30s-2r40s-
1is50( Most extremes since inception r (54-47-46-32)
------------"40 % 10-19"/"22% below 10"/"8% 20s"---------
BUY BUY BUY BBUY BUY BUY BUY BUY BUY BUY BUY
-----------WHEN YOU SEE THOSE "3" EXTREEMS.-------------
Deviation below 200d MA.
-8
-25.37
-6.08
-19.91
- 7.41
-32.88
-9.94
-46.18
-15.63
-22.66
-11.51
-11.40
-27.48
-14.60
-12.49
-47.69 2000
-54.77 2007
-16.48
-9 %
-12.21 %
-15.13
-27.81 covid-19
***************************************************************************
SUMMERY: (GREEN #s)
Some of the biggest corrections/crashes/crisis
came from small percentages of deviation from
SPX's price !!! That's a key note to be observed
closely. In Contrary to the general view that the
more we go the more likely we have a stronger crash
---------- DATA says this is WRONG!!!---------------------
Since the inception of Standard & Poor's 500 :
--------------------------------------------------------
11.79 Covid -19 crash
6.4 % 2018 correction
3.45 % 2015 correction
12.21 % 2011
6.95 % 2007 crisis
6.11 % 2000 crisis
14.95 % 1999 correction
17 % 1998 correction
5.68 % 1994 10 % pullback
7.20 % 1990 correction 20 %
17.92 % 1987 crisis
20 1980 correction
13 % 1980 correction
8 % 1976 big Correction
9.97 % 1973 big crash
11.85 % 1968 big correction
5.96 % 1966 big correction
8.47 % 1962 big correction
8.62 1959 big correction
-----------------------------
we have a range of 20%- 3.45 %
------------------------------------------------------------------------------------------------------------------------------------------------------------
Summery : (Orange)
the largest 15 crashes in the history of SPX since
inception has no relation what so ever. 53 % of
corrections came from double digits % deviation!!!
47% of correction came from single digit deviations
The largest crashes since 1957 (inception):
----------------------------------------------------
11.79 35.27 covid-19 crash
6.45 20.23
12.21 21.59
6.95 57 2007 crash
13.18 50 2000 crash
14.69 22.52
7.2 20.32
17.92 36
20.39 28.08
13.76 21.58
8.02 20
9.97 52.08 big crash 73
11.85 37.12 big crash 1969
5.96 23.69 big crash 1966
8.74 29.26 1962 big crash
------------- So it is 50-50 chance !!!!!----------------
**********************************************************************
All Deviation above 20 + except for few where at
the beginning of new cycle. In another word they
came all after big crashes/corrections. Therefore
getting these high numbers of deviation is
confirming YES confirming that we are beginning
a new cycle.: 18 % of these double digits pullbacks.
82 % of these are a single digit pullback.
After March's low we r getting high #s(new Cycle)!!
All Deviation above 20 +
-----------------------------------
20.63 6.55 Beg.
20.81 5.57 Beg.
21.22 7.18
20.49 4 N.wm Beg. 1982
20.63 3.27 beg. 1982
20.85 6.24 Beg. 1982
23.78 9.03 Beg. 1982
20.39 28.08
21.23 15.54 Beg.
23.90 5.52 Beg.
20.15 4.69 Beg
*******************************************************************
Summery: All deviations between 15-19.99
20 % of these we get a double digit pullback
80 % is a shocking single digits pullback !!!!!
All deviation between 15-19.99
--------------------------------------
16.17 10.37
16.54 7.17
17.11 5.07 N.WM
16 13.07
19.76 6.49
16.53 10.29
15 6.03
15.97 6.43
15.46 3.5 N.WM
16.82 3.47 N.WM
17.92 36
19 9.33
16.23 9.12
18.87 4.86
19.77 5.05
16.78 7.63
18.14 7.79
18.31 15.47 Beg.
19.69 3.60 Beg.
*****************************************************************
Summery: All deviation between 10-14.99
36 % of the time we will get double digit pullbacks
up to 64 % of the time single digits pullbacks.
Therefor this area is favoring small dips !!!!
All deviation between 10-14.99
Deviation pullbacks
13.42 8.9
11.79 covid-19 crash 35.27
13.91 11.84
13.81 7.58
12.24 10.96
12.21 21.59
12.35 17.16
14.70 9.26
11.28 8.55 Beg.
14.14 5.35 Beg.
13.18 2000 crash
14.13 13.13
14.69 22.52
11.76 7.39
13.95 5.96 N.WM
10.79 11.04
12.77 3.95 N.WM Beg.
13.99 2.59 N.WM Beg.
14.57 14.57 N.WM Beg.
14.01 5.59 N.WM Beg.
13.89 9.26
10.80 4.76 N.wm Beg.
10.93 10.14
10.69 8.28
10.14 3.18 N.wm
12.90 4.03 N.wm
13.76 21.58
13.79 15.15
10/13/13 6/6/4.70 N.W
11.85 37.12 big crash 1969
13.87 8.36 Beg.
12.39 5.06 Beg.
11.83 4.41 Beg.
13.86 4.42 Beg.
14.97 3.36 Beg.
10.82 1.86 Beg.
Summery: 36 % of the time we will get double digit pullbacks up to 64 % of the time single digists pullbacks.Therefor this area is favoring small dips !!!!
***********************************************************************
************************************************************************************************************************
Summery: All Deviations between 5-9.99. 28 % of
them double digits pullbacks 72% single digits pullbacks.
Either, my 42 sample is not enough and in this area i am
wrong, or things get missy around these numbers !!!!!!!
All Deviations between 5-9.99
Deviation pullbacks
6.94 6.94
8.89 6.87
6.75 7.64
6.45 20.23
8.92 8.87
6.32 4.76
6.99 5.16
6.78 9.88
9.23 6.12
9.44 8.90
6.95 2007 crash
7.67 12
9.02 6.69
5.75 8.09
6.95 7.32
9.89 10.35
5.68 9.70
7.7 5.36
9.22 6.75
7.2 20.32
8.74 11.30
7.40 7.43 N.wm Beg.
8.46 14.68
9.69 11.73
9.06 4.05
8. 9.97 52.08 big crash 73
8.23/9/10 6.23/6.18/6.55 02 20
8.89 8.50
9.72 4.66
5.96 23.69 big crash 1966
6.32 4.41
6.16 10.94
6.37 4.87
8.90 4.19
8.69 4.47
8.98 2.83 N.wm
8.40 7.59
8.74 29.26 big crash 62
8.69 3.89
8.62 9.32
************************************************************************
Summery: All deviation below 5 % off 200D MA
is just 50 % double digits % 50 % single digits
pullbacks.
All deviation below 5 :
2.66 14.50
3.45 12.28
4.94 6.16
3.7 6.71
4.83 3.96
4.65 6.75
4.62 11.35
4.16 13.63 big crash
***********************************************************************
******************************************
All raw data
Total of most extended deviation
since the inception of S&P 500 in
1957 :
----------------------------------------
Deviation----pullback/corrections
?????????????????????????????????
13.42 8.9
16.17 10.37
11.79 covid-19 crash 35.27
6.94 6.94
8.89 6.87
6.75 7.64
6.45 20.23
8.92 8.87
13.91 11.84
6.32 4.76
2.66 14.50
3.45 12.28
6.99 5.16
6.78 9.88
9.23 6.12
13.81 7.58
9.44 8.90
12.24 10.96
12.21 21.59
12.35 17.16
14.70 9.26
20.63 6.55
20.81 5.57
6.95 2007 crash
7.67 12
9.02 6.69
5.75 8.09
4.94 6.16
6.95 7.32
11.28 8.55 Beg.
14.14 5.35 Beg.
6 2000 crash
13.18 2000 crash
9.89 10.35
14.13 13.13
16.54 7.17
14.69 22.52
17.11 5.07 N.WM
11.76 7.39
16 13.07
19.76 6.49
16.53 10.29
13.95 5.96 N.WM
10.79 11.04
15 6.03
12.77 3.95 N.WM Beg.
13.99 2.59 N.WM Beg.
14.57 14.57 N.WM Beg.
5.68 9.70
7.7 5.36
3.7 6.71
4.83 3.96
9.22 6.75
4.65 6.75
14.01 5.59 N.WM Beg.
15.97 6.43 N.WM Beg.
7.2 20.32
8.74 11.30
13.89 9.26
15.46 3.5 N.WM
16.82 3.47 N.WM
10.80 4.76 N.wm Beg.
7.40 7.43 N.wm Beg.
17.92 36
19 9.33
10.93 10.14
16.23 9.12
18.87 4.86
19.77 5.05
21.22 7.18
12.48 5.58
10.69 8.28
11.21 canceled this one too close
10.14 3.18 N.wm
12.90 4.03 N.wm
8.46 14.68
16.78 7.63
20.49 4 N.wm Beg.
20.63 3.27 beg.
20.85 6.24 Beg.
23.78 9.03 Beg.
16.05 canceled with in a crash
20.39 28.08
18.14 7.79
13.76 21.58
9.69 11.73
9.06 4.05
13.79 15.15
4.9 canceled within a crash
8.02 20
10/13/13 6/6/4.70 N.W
21.23 15.54 Beg.
23.90 5.52 Beg.
9.97 52.08 big crash 73
8.23/9/10 6.23/6.18/6.55 N.W
18.31 15.47 Beg.
19.69 3.60 Beg.
20.15 4.69 Beg.
11.85 37.12 big crash 1969
4.62 11.35
8.89 8.50
9.72 4.66
13.87 8.36 Beg.
5.96 23.69 big crash 1966
6.32 4.41
6.16 10.94
6.37 4.87
8.90 4.19
8.69 4.47
8.98 2.83 N.wm
8.40 7.59
12.39 5.06 Beg.
11.83 4.41 Beg.
8.74 29.26 62 big crash
8.69 3.89
13.86 4.42 Beg.
14.97 3.36 Beg.
10.82 1.86 Beg.
4.16 13.63 big crash
8.62 9.32
15 Beg.
15 Beg.
15 Beg.