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Short-trend

WALL STREET: The future is the past - possiblyIn this screencast I look back to 2008 to get an idea of what happened in the last crash. As I'm in a lot of positive equity, I don't want to become complacent in my trend following. So - I've looked back to see the sort of bouncing around of price I could expect (if the current picture unfolds similarly). To be clear, I am not saying that what happened in 2008 will happen again. I am simply looking at patterns on daily time frame, to avoid any unconscious expectation that price will just go down in a simple stepwise manner. Why might I come to an 'unconscious expectation'? Because I know not the psychology that affects me and loads of other people. I know that lots of equity gains can have an almost hypnotic effect. I've been there done that, been burnt, and worn the T-shirt etc. So - this time around, I ain't letting 'no' market hypnotize me!
OANDA:US30USDShort
by Captain_Walker
AUDCAD Short - 1HR TF bearish trend continuationHi, guys I hope that you are all well! Typically at this time of year markets generally quite down due to Christmas approaching, however we are seeing some strong moves in the market across my portfolio and AUDCAD happens to be one of them. What I am looking for is bearish trend continuation following a pullback up into the most recent area of consolidation/range in anticipation for sellers to step back into the market and make one final retest of the lows at .9570's. So far price action has tested this area/kill zone a few times and buyers continue to find resistance. RSI has also gone OB (80) but I am still yet to get an entry myself as price action has not yet formed a valid LLLC candlestick within the identified kill zone and until I have the entry reason I cannot enter just yet. We do also have some FIB confluence within the kill zone to add further reason for why sellers could step back into this market and the next level of structure support being down at lows of .9560's I will continue to monitor this pair and hopefully I will get my entry reasons met and able to get involved in the trade itself. Trade with confidence, Henri W.
Short
by hmwalker_
CADJPY (4H) - opportunity for a controlled lossNobody likes to hear about loss and losing - do they? Well, the 4H time frame on CADJPY gives you just that opportunity. Always - loss has to be balanced against a robust analysis of where the trend is, and where the overall probability is. You simply cannot make profits overall by not taking controlled losses, in this business. This screencast is not advice nor is it a prediction - rather unusual stuff. Compare situation on daily trend and channel on CADJPY See also similar methodology for EURUSD I'm not saying any of this is perfect. As usual none of this is advice or encouragement to short CADJPY.
Short
by Captain_Walker
BTC Daily Thoughts BITMEX:XBTUSD BITFINEX:BTCUSD BTC Daily Thoughts 1W. We start the week with green candle but momentum seems to be weak for now. Price has difficulty breaking the RED resistance trend line and this is even before we got to strategy's 48 EMA (red dotted line). As I said before I expect a "bull" entry for the start of week but Bears are strong and pull the price down. 1D. after we get a LONG signal there is a slight move up but resistance is met on the RED line and now I watch the daily volume because it is key if we want to go more up. 12H. a clearer view of daily volume as we can see it is decreased from last 12h so if no new "buy" volume enters price will not sustain. worrth to mention that it works both ways for manipulation to kick in the volume in many cases is low making it easier to move price either way by large BUY/SELL MARKET orders. :eyes: on macd for as long as it stays in negative hist price will not go up. 6h. after LONG signal we get heikin ashi double edged candle which may suggest correction. look at indicators as well as they seem to start curve down. BUT BUT BUT also price is above Strategy EMA so indicates support. 3h. slight correction on the red candle and continue move up. seems to me like bull trap already. NO ADVICE. 2H. seems like support on both strategy EMA ans RED resistance line I follow. Notice how Stoch RSI is curving down but RSI and MACD are kind of showing already UP. this is because of the way the indicators are calculated. Because of how they work they always actually lag a little bit. sometimes there is a clearer view on this like here imo, where more weight I give to macd and stoch as they are harder to "paint" because of their calculation. hope it makes sense to you. 1H. looks bullish by all indicators on chart. BUT what about volume? low volume = easy for manipulation 30min. fight for Bulls. PA wants to get above strategy EMA, indicators support bullish move for now. 15min. LONG signal, but also green double edged heikin ashi candle with low volume. very dangerous as might pump as well as easily dump. my guess DUMP. no advice. 5min. short scalp TF seems to be support on strategy ema. must follow to see how plays out. Please comment what you think and thank you for reading.
BITMEX:BTCUSD.P
by BitcoinMF