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How I'm setting stop losses on USDJPY using IchimokuIn my recent post I indicated that I am long USDJPY due to the higher timeframe bullish trend: A question that traders often ask is "how do I set a stop-loss when the market is moving up?". This applies if you are looking to enter your first trade in the trend, or if you want to trail a stop-loss on an existing order. The answer is simple when you use Ichimoku. Briefly, Ichimoku lines indicate the "market equilibrium" over various timeframes. There are three equilibrium lines (or "Han-ne" lines in Japanese). These are: 1. Tenkan-Sen - 9 periods / Short-term equilibrium (yellow on my chart) 2. Kijun-Sen - 26 periods / Medium-term equilibrium (red on my chart) 3. Senko Span B - 52 periods / Long-term equilibrium (red kumo cloud line on my chart) A Han-ne line is created by finding the midpoint of the highest high and lowest low within the set number of periods. If price is above a Han-ne line, it is said to be bullish in that timeframe, and the opposite for bearish. There is a lot more to learn about Han-ne lines and the meaning of the equilibrium, but for our purposes here, understand that these lines tell you the point where buyers and sellers meet. One of the reasons we know that USDJPY is bullish is because the Han-ne lines are angled up on the higher timeframes (4H and 1D). This means that the point at which buyers and sellers meet is increasing. In other words: we are trending up! Now: the secret for setting your stop-loss. If the Han-ne line tells us where the equilibrium is over the short/medium/long term, periods where the line remains flat are significant. If a Han-ne line, especially Kijun-Sen or Senko Span B, remains flat for multiple periods, it means that midprice has been established by many buyers and sellers. We can use these flat Han-ne lines as: 1. Support/resistance 2. Zones to place stop-loss orders As I look at a pair like USDJPY trending up, I am zooming into the lower timeframes (think: 15m or 30m) and looking for flat Han-ne lines. If I see several "zones" forming I can place my stop-loss just near the other side of that zone. This means I can receive adequate protection, but also know that if the price does clear that zone and hit my order, a reversal or pullback is likely happening and it will be a good time to exit anyway. We've already seen a flat Kijun-Sen line act as support on the 15m chart: You can use this concept for any pair, currency, stock, crypto, etc. The secret is to look for flat lines and use these as your support/resistance levels and stop-loss zones. Happy trading!
Education
by ichimokucorner
BTC-DAILY-KIJUN-SEN BREAKOUT ...DAILY (D1) Yesterday's price action triggered a long black candle ( BEARISH ENGULFING ) with, and IT IS VERY IMPORTANT, ITS DAILY CLOSING LEVEL (@ 42'290) , for the first time, since a while, BELOW THE KIJUN-SEN !!! This move must not be underestimated and must be taken very seriously. Indeed, the KIJUN-SEN was the last significant support to look at and the breakout of it is confirming further downside in the cards towards the next support level, which will be this time the weekly TENKAN-SEN @ 41'279 ahead of the DAILY VERY THIN CLOUDS SUPPORT AREA (39'854-39'400) slightly below the psychological 40'000 level. Secondary support trend line currently @ 38'739 and primary uptrend support line currently @ 36'225 Watch and monitor ongoing today's price action (pullback) in the direction of the Kijun-Sen recent breakout (actually @ 43'188). In the current environment and in order to neutralise this ongoing downside risk, the BTC should quickly recover and close on a daily closing basis above the KIJUN-SEN , which if it is the case, would at least trigger a PIERCING LINE , (slightly bullish pattern, not as powerful as a Bullish engulfing pattern, but at least a stabilization signal) A failure to do it would be seen as a natural pullback providing selling opportunity (ie selling on rally with a stop loss above 44'000 targeting tactically 40'000 in applying a RR ratio of at least, ideally 1:3). Strategic idea would target 36'225 allowing to increase the level of the stop loss above the ongoing downtrend line resistance in keeping a respective and coherent RR ratio ! As usual watch H4, H1 and shorter intraday time frames to get early signal (s) which will help you to act accordingly in validating or invalidating the DAILY implications previously mentioned. And do not forget, if you like my analysis to like it and for those who do not follow me yet on TRADING VIEW (one of the best charting application available at the moment),https://www.tradingview.com/gopro/?share_your_love=Ironman_8848,please do not forget either to add IRONMAN8848 in your following list. Many thanks in advance for your support. Have a great weekend. IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
3
Where To Set Your Stop Loss Trading CryptocurrencyA new trader asked me the important question, "where do I set my stop loss when trading cryptocurrency?" I decided to make a video detailing my strategy using live trade examples over the last two weeks in Solana COINBASE:SOLUSD and Ethereum COINBASE:ETHUSD . Solana was coming off a double bottom and a price spike gave the sign for where to put the stop loss. Ethereum was hitting a key Resistance level and also gave a signal for where to put the stop.
BITFINEX:ETHUSDEducation
by norok
5
NZDUSD | Live position reviewWe have moved stop-loss to 25pips from entry as we continue to monitor price action. Thank you Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
Things you should consider in trading to make it as a career Hello everyone: 6 points I like to share on what you should consider in trading to make it as a career. 1. Trading is not a get rich quick scheme Contrary to what social media, scammers, fakers and fake trading gurus want you to believe, trading is NOT a get rich quick scheme. Those who believe such usually end up over trading, over leverage, blow accounts and give up. (Trading is actually a reasonable method to yield money return. It is how consistent traders make a return on their original investment/deposit with proper risk management, strategies and methods. ) 2. Technical/Fundamental Analysis dont work all the time. Trading ANY sort of strategy, method or style will always have a percentage of failure and losses. Its probability, not right or wrong. The main goal in trading is to make sure you have proper risk management, good Risk:Reward ratio, and look for consistency, sustainability in the long run. (Sometimes traders blame their strategies, method, style, mentor and other things due to their trades not working out. Not trading strategies can yield 100% strike rate, if there is, there will not need any risk management, and anyone trader should get rich) 3.Limit your risk per trade Proper risk management is super crucial to a trader’s success. Many traders often risk way more than their accounts can handle, after all what's 10%-20% of a $100 to many people ? But would you risk 10-20% on a $100,000 account ? and lose $10,000-$20,000 in one trade ? (Too many new traders deposit a small amount of money hoping it can double and double and double. But they often over risk, over leverage the account. The result is it only take a few trades to totally blow the account up.) 4.Must use stop loss It may have worked out for you a few times where you remove your SL, and the price reverses and you close with profits. But what if the price goes against you more and more? Can you stay mentally sharp enough and continue to hold the trade when the losses pile up more and more ? You more likely can not, which will end up resulting in a margin call and/or blow the account. (In the past I had a trader who approached me and showed me his losses on OIL where he removed his SL and price continued to go against him. IT has come to a point where he reaches margin call, and the broker actually open opposite positions to “hedge” his losses) 5. Don’t over analysis and combine multiple trading strategies, methods and style Over analysis and complicating your charts may lead to confusion and is not necessarily efficient. Most trading strategies do work on their own, but when combined with so many other strategies, it creates conflicts, contradiction and confusion for traders. (Often traders combine too many random indicators, S/R, trendlines…etc all on one chart. It makes it hard to analyze, and have a bias of the direction of the market) 6.Always use a top-down analysis approach. Multi-time frame analysis is key. Always start from the higher time frame to the lower time frame. The higher the time frame the stronger and noticeable the price action it is. Understanding a higher time frame can give you a possible direction and bias. While the lower time frame will be your confirmation and entry. (Have seen many new traders jump onto the 1 min chart to trade. While there are successful scalpers with proper years of experiences, good trading psychology and emotion, most newcomers will not be able to handle the stress and pressure from it. ) Don’t give up
OANDA:XAUUSDEducation
by jojofang0901
35
Failed Quasimodo with possible PMG entryI've recently watched a video about the PMG entry from @SaraStratSniper and I figured this is a perfect moment on XAUUSDT to enter such a trade. Let's break previous highs and accelerate to the upside. We also have confluence with the longer term trend line and a failed quasimodo pattern. The quasimodo pattern gives me insight in the possibility of a large amount of traders sitting in Short positions. Once we move past these previous candle highs they will start to panic or stop loss will get hit. This will create a big move up for gold. I would call this a high probability trade setup.
FOREXCOM:XAUUSDLong
by Honestcowboy
1
Internet Computer breakout flag pattern ! Comeback ? 🚀🚀🚀Hello everyone, The Internet Computer is on the deepest pit in the history of cryptocurrencies. 99.5% from ATH Fundamental analysis This is an achievement, thanks to which there is a chance for a large profit, in my opinion it is worth investing in cryptocurrencies that have not reached their previous ATH.. Cryptocurrency in recent days has been doing amazing results in terms of the number of SMART-CONTACT. Within a month, the number of them doubled from 20k to 40k, which means high activity of developers. Technical analysis The best entry will be after a confirmed breakout test. The best place to place a StopLoss in this situation will be under the last hole, taking into account the profit / loss ratio. #1 Takeprofit $ 30, #2 Takeprofit $ 50 The RSI indicator is in a similar situation, breaking the moving average and the upcoming breakout retest. More factors speak of further increases than decreases. Comment and like, Greetings
Long
by SayMoney
2
The last chance for a bullish run….fingers crossed BTCBTC has failed many times now to breach above $45K…>last chance to make a major move is NOW. Next 2-3 Days will be huge deciding moment. Here are my bullish projections: Consolidate lower to $41K - $40K area BLASTOFF to $47K —> $46K new resistance If Retest Confirms…..Bullish to $52K —> $60K —> $70K —> $100K If Retest Fails….Bearish to $28K - $20K I will be planning on entering LONG position around $40K although we do seem to be approaching support at $41K showing pushback. Perhaps further liquidation to gain buying momentum. Optimistically, we should see a pump and then 50% retracement. I’ve noticed when BTC goes up by X amount, it almost always goes back down 50% on BULLISH runs. Best of luck traders, the world is adopting bitcoin faster than we know. It’s only a matter of time before mainstream wave pushes Bitcoin into PARABOLIC mode.
Long
by Fabreezio
1
Selloff Coming? Waiting for the Cliff Drop to 32KAlthough we have strong support at $36K….the news around the world is not looking nice. Bitcoin Fear and Greed index is at 20 (almost all time low) for confidence in the market. The euro and ruble are down bad, and we are still facing the unknown as far as investors lifeboating BTC and potential sell off. Momentum will be hard to pick back up considering the EMA cloud until mid March. Here is my current trade: Entry Price $38,000 Target Take Profit Price $32,500 Stop Loss $38,500 Bearish Position Trade Smartly, Always use stop loss. Stay up to date on the latest events. BUY DIPS AND EAT CHIPS
Short
by Fabreezio
$1 FOR XRP NOW !? TRIANGEL PATENT ELIOOTTA! 🚀🚀🤠🚀🚀Hello everyone, Today I pasted a picture of what it always looked like for Eltioott. As we know well, a breakout up and a confirmed retest are indicative of gains. The price can reach $ 1 and then go back to $ 0.85 for a while, which is what this patent tells us, and start BULLRUN. Anything can happen in the stock market, and just like a tothemoon, we can have a totheground. We must have a prepared stoploss if we play LONG on the presented idea. Also in our mind is the retest from the bottom and the DOUBLE BOTTOM exit for $ 0.5. The recent days for Ripple in the SEC case have been very positive, and the case itself may end sooner than in April. Additional great information is that a transfer of 40 million XRP pieces to COINBASE has been made. Probably the stock market will soon make a cryptocurrency relist, which will bring many new investors and positive thoughts. XRP in January overtook SOLANE, and this month CARDANO, which makes it number 4 without looking at STABLECOIN in terms of MARKET CAPITALIZATION! What should we observe in the near future so that the price may drop? - A hot armed conflict in Ukraine. - Raising interest rates in the US in the first half of the year. Comment and like Greetings. This year will be magical for XRP!
Long
by SayMoney
2
If you buy stocks, use STOP orders!If you buy stocks, use STOP orders. Don't ride the submarine to the depths of the ocean. If it's a submarine, you want out! Not because the submarine may come back to the surface for oxygen, but because a submarine can stay under for a LOOOONG time, or it can sink (which you don't want). So instead, the goal is to avoid the submarines and to try to ride dolphins...and then hop onto a hot air balloon, that then brings you to an trans-orbital ship that brings you to the international space station. From there, you want to hop into a space shuttle ship that will take you as far as Mars. From there, you want to hop out and hitch a ride w/ passing by aliens, and ride w/ them to another galaxy. Each of those levels, use stops! Careful that the dolphin isn't on LSD and swims you down to the submarine or to antarctica. Don't let the air balloon drop you back into the ocean where you may hurt the dolphin. The trans-orbital rocket can easily explode. And don't let the international space station explode w/ you in it...you will be stranded in outer space and freefall back onto the top of the hot air balloon. Be weary of the space shuttle ship flying on the wrong course into the sun (that is oblivion). And make sure the extraterrestrials are headed in the direction away from earth. Do I have any stocks that are in orbit or in outer space or on their way out of the ocean. No. So take what I say with a tub boat overflowing of salt. But, conceptually, what I said ought to be the real goal. Long term investing but playing it w/ smart, protective tools to ensure that we stay away from submarines. The main goal really is to avoid submarines. Anything else is bonus.
NASDAQ:TSLA
by leermcmahon
BTC/USDT (4H) Could this be the DIp to buy ? - short term long Hi Traders, You probably think what the hell is going on with entire market and BTC especially as it dictate trend for entire Crypto market. In my opinion we need to finish One short subwave of wave (V) of C. C is Major Corrective wave of entire growth from 3 to 69K. So if my Elliot wave count is correct, than we will see Bottom of the Dip around 30-32K USD. BUT. Many traders alredy expect this zone and want to buy. So I expect some F@ckUp. So 1) Either we will dip only to area aroun 33K (and most BUY orders will not be filled) 2) We will fall below 30K where more Stop-losses will be triggered what could extend last wave to something like 29-27K Area. Be ready for both scenarios and Ladder your entry. Also consider your strategy and RRR ;)
Long
by Longevity_Contrarian
3
My entry for SHORT on BTC! Double BOTTOM? ⬇️💲💲💲Hello everyone, I present my today's entry SHORT with leverage on BTC. Leaving the flag with the bottom is a signal for me to take a short position. I put a stoploss on the last short term hill. I divided the profits on the lines I found, which may be resistance. On the way to the second TP, I will shift STOP LOSS in place of the $ 37777 entry. I predict a rebound from the trend line. It shows the way for the bears from the last ATH. The moment when the chart hits it, may push the price to the last low or even lower. You want more ? Comment and like, Greetings
COINBASE:BTCUSDShort
by SayMoney
BTCUSDBTC Bitcoin dump - again. What now? Whole market is under pressure because of many reasons. SaP failed, Down Jones failed, FED news, huge inflation, miners banned, russia speaking about regulation of crypto, europe speaking about crypto regulation, china, ... Really hard times now. What´s plan? We need to see bounce at first. We are on the strong fibonacci level of last bull market (03/2020) and from the last bulls momentum. So huge support now which have to be safed. But strong resistance above current price. 40-43K; 45.5K-46.6K; 51-53.5K. Next stops are 37.3K; 35K; 33K; 30K. The year 2022 could not start worse. But if you are using SL a also you take some profit on the way up. You can not be killed ;-) Stay normal - use SL - always ;-)
by LbL_CZ