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Zones of advantage - if shorting the DAXI show two zones of advantage. The first has happened already. Those looking to short the DAX may be interested in another zone. Certainly shorting after a significant fall is not a great idea, especially as bulls may be looking at a possible double bottom. The zones do not mean that the market has to obey them! The zones create probabilities. An additional advantage is that that price is under a trend switch on the 4H time frame. Scenarios to prepare for (notes to self): 1. Price rocks north and busts through both zones. 2. Price collapses now. 3. Price consolidates before moving north or south. The big issue here is avoiding FOMO. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
WHSELFINVEST:GERMANY40CFD
by Captain_Walker
Is this a breakdown or a meltup?The choice is yours - you can see it any way you like. The technical features here are: 1. Reducing peaks of squeeze momentum. 2. Recent RSI is below 50. 3. Rejection of 4H ATR line. 4. Large area of consolidation. Caution: none of the above means that price has to crash. Just to be clear - price could well go to the moon. The technical situation in my assessment (at this time) means greater probability for the south. Probability estimates do not predict how far a movement may go. This is a set up for a trend-following scenario i.e. high risk to high gain. High risk means high probability of big losses, if you don't know what you're doing if you short this. Following a trend south means finding a suitable trend that is below the 4H time frame. There is no magic formula to work that out. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
A
by Captain_Walker
DJI (4H) - trend switch in sightTrend switches of the ATR on the 1D and 4H usually mean something on most charts. What they mean is a greater probability for price movement under the switch for short positions and above the switch for long positions. On this chart it does not mean that price cannot rise from under the switch. This is not how ATRs work. ATR's create probabilities. The situation is not predictive. No indicator can predict anything. If that was the case then everybody would just follow indicators and make millions. That's not going to happen. The snapshot picture is for a trend following setup which can be engaged on a lower time frame e.g. 5 min to 15 min. Note the hefty disclaimer below because trend-following set ups are high risk and very high gain. They are not easy and require significantly large stop-losses. Price can certainly move significantly north and head for the moon. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
CADJPY(1D) - KILL ZONEIt's a kill zone. But wait - that doesn't mean that if you short in the kill zone you're gonna make loadsah money! It means that you need to be able to afford the loss. I never hide potential losses in any set up. Trading is about risk of failure and losses, so I always keep that in focus. One does not have to trade a 1D time frame. There are numerous micro-trends in a daily trend which are far safer to exploit. Stay safe. Don't burn cash. Wash your hands and face. 😂🤣 Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
by Captain_Walker
BTC swing analysis. July - AugHey traders, just an update to this rather volatile trading pair. I do apologize for not being active enough to bring out charts on a frequency to keep up with the market momentum, it's really been quite a wild ride lately, especially on the 4h and below. With that said, I'd like to focus the attention on a controversial topic of BTC and it's possible/likely wicking of the teens region. This chart is actually really simple, it's built off the same things all of my charts are: S/R, trendlines, a few spiderlines that I added that aren't really integrated into the TA but rather supporting factors to existing trendlines and support regions, and finally the Gann Fan which is nice to accompany a strong trendline and gives a good visual presence of boundaries if it's done accurately. To add, I drew a path of *roughly* where I expect the buyers and sellers to lead BTC, and hastily estimated max pain regions. I also added the timeline at which is about the elapsed period before closing the gap between our current zone and the floor, which conveniently happens to coincide with the start of a new month candle -which I have a strong suspicion will be a nice solid green- (something we haven't seen in a while). right now, it's pretty much whales trading BTC back and forth, and the traders caught in the middle either making or losing money, there's *some* investors buying in; but the general consensus doesn't want to invest in BTC at 30k+ they just want to trade it at 30k+, and I think that will remain the issue until we hit lower lows. FYI I mostly trade alts, so if anyone has any requests, I don't mind making a chart, as long as it's not a sh-tcoin ;)
COINBASE:BTCUSD
by scindo
2
EUR/CAD Analysis Welcome back! Please support this idea with a LIKE if you find it useful. *** EUR/CAD - Price could potentially break weekly support, or retest previous resistance for a continuation to the downside. We will keep our eyes on the highlighted zones and weekly support, and align our entry criteria rules for a nice short or long opportunity. Be sure to follow your entry criteria rules. If you trade KiSS 2.0, keep your eyes on major technical levels for the best potential trades. Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian Kenya Horton, BK Forex Academy
by BKTradingAcademy
BITFINEX SHORTS HAVEN'T BEEN THIS HIGH SINCE 2019 (bearish) BTCGood morning traders, The last time bitfinex shorts we're this high was late June 2019. We're currently sitting just above support $30,000 and have seen a shooting start on the BTCUSD SHORTS chart which may indicate a messy weekend and support lost. Support levels below: 1) $28,888 2) $23,888 3) $19,999 4) $14,000 5) $12,500 6) $10,500 7) $9650 Not saying we hit all support levels but you should keep them in the back of your mind in case we see an extended bear market and head down to the $20,000's and $10,000's.
BITFINEX:BTCUSDSHORTSShort
by YurloTrades
15
AUSSIES: Advance noticeIt's not quite a head and shoulders just yet. This is about watching for potential situations and preparing for them. As I showed in other charts, sometimes we can get a a second right shoulder in ultra-bullish markets but there is no law on what can happen in these markets. Readiness is (almost) everything. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
A
by Captain_Walker
1