Will USDCAD reverse the trend?The down movement from the last month was broken, and now the price is testing the trendline again.
We already have higher bottoms and a break to a previous peak.
This allows us to expect a reversal and a new rise.
When starting an up movement, the price must reach at least:
1.2835
and
1.2869
The possibility is spoiled by breaking the previous bottom.
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
Stoploss
AUDUSD Buy UpdateHello Traders!
Move stop-loss above the Entry.
I will post new trades in the London Session.
Yesterday my signals made 12% by Risking just 2% per trade.
Note
Take the risk from 0.5% to a maximum of 5% per trade.
Account with 6 figures should take a risk of 0.5% or max 2% per trade.
AUDUSD BUY
It's Time For Ethereum ✨✨✨Hello again folks, I hope you enjoyed your holidays and listened to my advice to get some rest because we're going to have an exciting year in crypto markets. Let's start with Ethereum extraordinary movement ahead..
ETH had a rally from 730 to 1280 and after that it went into a resting phase for around 2 weeks..
The good news is this resting phase is broken with two strong candles in 4H chart and it's trying to retest the previous consolidation channel.. As you can see in the chart it's our smart option to start our buy/long positions here in this area of pull-back..
You can see the way I analyzed ETH will move throw the targets with the green arrow.. the next rally is starting now.. So check the targets on the chart.. I want to read your comment about the idea and feel free to ask me any question about my analysis..
Buy at: 1240 - 1290
Stop-Loss: 1055
Target 1: 1393
Target 2: 1680
Target 3: 1770
Target 4: 1960
GBPUSD - Wipe Out ZoneLots of tension is building around this support region, which indicates to me a potential stop hunt. I would like to see a swoop below support into the order block region before upside continuation into my target level.
COT & Sentiment is pointing to the downside so I will be trading to the upside.
Trend following - a different way.As folk who follow my posts know, I don't keep any secrets.
I explain some of my methodology in this chart. It is bespoke.
To be 100% clear, this will not work 'for you'. No methodology works 'for you'. You work the methodology through experience to create your advantages. I'm not saying that people should change to this way. I do not interfere at all with what traders want to do in their favoured methodology. There is no one road to the promised land.
Controlling loss is the highest priority. The markets are there to 'eat you alive'.
Price action is an important part of all this. As well, it is important to understand your particular market and learn its ways. Oh yes - with time you can come to figure out certain probabilities that may not be shown in the 'technicals'.
What you see in this chart can be done on any time frame from 3 min to 1-day. I can't explain everything in one chart. I've done videos on this before.
Note carefully: I do not sell anything. I do not do trainings or take anybody's money. I do not sign up to any services. I do not provide evidence of winnings or losses.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. 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.
ATR Indicator - How to Avoid Getting Stopped out of TradesIn this post we can see how the stops were taken out beyond. the 26600 price level.
For any setup that a noobie trader may place, the SL would be taken out at this level;
However using the ATR indicator we can avoid getting stopped out and keep our trade.
I recommend you watch some videos on this indicator to get a better understanding but the main jist of it is ->
Take a sweep low/high of a range and add/minus the ATR value (on the sweep candle) to get more legroom for price to move (but it will miss your stop)
I hope you find this useful.
BITCOINHello good morning receive a cordial greeting from L.E.D investment management, and a Merry Christmas and a year less ;) poop than 2020 ;)
Bitocoin has shown very bullish behavior during times of volatility by marking new records so you have to be more careful because more careful as more inexperienced are involved in the fantastic investment strategy always bullish, this might really be a bubble!! Care to do this adjust your stop loss and I will help you with supports have them marked, key lines, like 19812,3 0 16327.
What do you think of bitcoin will remain bullish or be a bubble and wait for correction, let me know in the comments . THIS IS NOT FINANCIAL ADVICE .
A cordial greeting from L.E.D good investment good luck
In Spain at 28/12/2020
Smart Money Concepts -Liquidity Grab - Video 1
This video is intended mainly for the purposes of me to rewatch and so I can retain information.
In this video,
I analyze the GBPUSD on the 1H chart and explain the concept of how
a liquidity grab was performed and why it was performed.
The Purpose...
of this explanation video, is to serve as a reminder by explaining of one
of the key fundamentals of trading for accurate predictability by using the
Market Structure.
Why is this important?
The Foreign Exchange Market, any market even, requires 'Liquidity' or 'Volume' to
create the charts that you see on your computer screen in the first place.
'Liquidity' (essentially) = $$$ (Money in the form of your stop loss)
Large moves in the market require large liquidity, hence why so often you will
see a large spike in the market that seems to make no sense and may stop you out of your
position, before then moving in your predicted direction. With this in mind,
its very important to be mindful of how these 'Liquidity' Grabs are created and to
be able to differentiate, a Liquidity Grab, from a true price push, so this way you will
be able to trade with the trend accurately instead of against it.
Watch the Indians The Indians are in a similar position to many other stock indices. Three things can happen here:
1. Price goes below the amber ATR line, and then rocks north like a bat outta hell - or
2. Price collapses below ATR line and continues south for a while.
3- Price continues to range within a horizontal band.
Whatever happens there is money to be made here - if you control your acceptable loss.
If you have dosh to burn take long or short.
If you don't have dosh to burn you could play a ranging market on a 3 min to 5 min time frame milking small trends that can run for hours.
Or you can do both of the above. Skill and experience cannot be provided in this post. Trend following is far more difficult than other forms of trading with potentially heavier losses and extraordinary gains. There are no targets in true trend following. Hence only about 20% of all traders according to research are true tend followers (not to be confused with trend continuation trading).
EOS Buy PositionEOS is going to complete a harmonic pattern.. I believe buy position is above the "B" point and stop-loss below this area..
EOS has three different target for "D" point.. Whenever the price reaches a fib level marked in chart, you should check the price action to understand if EOS is going to the next Fib level or not.. Follow my profile for my further comments on price action at each level..
Buy around: 3.148
Stop-Loss at: 3.110
Take-Profit at:
Target1 : 3.256
Target2 : 3.334
Target3 : 3.432
This is my idea... What do you think??
Review of back to back CADCHF trades.Evening traders
I just wanted to share two trades I've taken in the last two days on CADCHF working the 30M time frame.
In previous Forex ideas I have noted using the strategy I am utilizing on the H1 time frame following trend until next signal presents.
But this strategy is adaptable to how you would like to trade. In this example I have set my parameters to work to a stop loss and take profit setting. The setting is a 1:2.15 risk to reward ratio. Back tested from when I started trading this pair on March 4th in this manner you will see the results at the bottom of the screen are 79% gains on capital. This from risking 2% of capital per trade.
$200 dollars was risked on these trades for a $430 dollar gain on capital. Trade one was a 31pip profit move and trade two a 29 pip profit move.
For any more information on the strategy I am using please feel free to drop me a message.
Bitcoin stong movement upsideFast analysis.
I think this will be the last shake off before BTC brakes all time high.
We saw really stong bull move from 18 600 to here, in 3 hours.
If we stay higher than the support line I believe we will break and if we close higher than ATH we keep going bull until Christmas and New Years selling.
Remember that nothing is certain and use stop losses if you do trades!
First mistake beginner traders do is taking to big risk!
I'll put analysis from chart on Bitcoin Dominance later on if I have time.
Anyways.. Let's enjoy the price action where ever it goes! ;)
Regards
Jebu
BTCUSD Short? to Support 14.000$~~Hello dear traders,
Possible route of BTC is as shown in graph, Thick green line is the Trend from the beginning of the season. There is also a very old but strong support/resistance in that line 14.000$~~
BTC trying to decide what to do and we will stop accordingly.
The graph is very self explanatory, but feel free to ask any questions.
Good luck and have fun!
The Early Stop-Hunter catches the WormThis is a textbook pre-London setup.
During the Asian session we often see (especially in Yen pairs) moves that set up for the London session. What this does is provides us with liquidity of retail trader stops that we can take advantage of.
This was a simple 0.7 R trade that I was in and out of within 45 minutes.
It amazes me that traders still put their stops above/below swing points and prior structure, you're basically asking me to come and hunt you down!
Also, side note the reason the R is 0.7 is because my strike rate on this strategy is s high, so I don't need to use the absolute poor excuse of *I use a minumum 1:3 Risk to Reward because I can lose 40% of my trades and still be profitable* - IF your strategy gives you a 40% strike rate, it clearly doesn't work!
Rant over!
Good morning anyway guys, go smash the day!
Why having 2 TP targets is good Hello, in this educational post I will be talking about why having 2 or 3 TP targets is good. As an example, I will be using one of the trades I have running currently on EURUSD. My initial target for this short position is to hit the lowest point of yesterday and it was going well until a pullback happened which is currently happening right now and probably reaching my entry point. If I didn't have more than 1 TP target, this trade could potentially be a loss or a breakeven but since I had another target that is closer to my entry point, I could close half of my position, move my SL to breakeven, and secure some profit. On the graph, you can see that I secured 33.5 pips of profit by closing half of my position so that if the price reverses, I would still gain some profit off of this trade and it did eventually reversed. A rule of thumb I normally use for my first TP is half of my final target or a closer/weaker support/resistance level. I do not recommend having more than 2 or 3 targets if you are relatively new to trading.
*This only applies to Intraday Trading, Scalp, and Short Swing Trades.*
To conclude all my points:
1. Having another TP before your final target is good to secure profits in cases it reverses.
2. Move to SL to breakeven once your first target is reached so if it reverses, you are guaranteed profit.
3. A rule of thumb I normally use for my first TP is half of my final target or a closer/weaker support/resistance level.
Please give a thumbs up if you agree with the educational post and if there are any questions, feel free to comment down below.
NWC:ASX - NEW WORLD RESOURCES - 300% run since JuneNew World Resources has been having a pretty good run over the last 6 months. Looks to have finally broken out through a bit of a resistance area. With the USA looking more and more to self-reliance and domestic sourcing of mineral deposits, this could be worth a watch.
From their about us at newworldres.com
New World Resources has been assembling a portfolio of highly prospective mineral resources projects in North America. These assets currently comprise: the Antler Copper Project in Arizona, USA; the Tererro Copper-Gold-Zinc VMS Project in New Mexico, USA; the Colson Cobalt-Copper Project in Idaho, USA; the Goodsprings Copper-Cobalt Project in Nevada, USA.
Collectively these projects comprise a highly prospective portfolio of high-grade projects all located in stable, pro-mining jurisdictions. Small-scale production has been recorded, historically, at all three projects, yet very little modern exploration has been undertaken at any of the projects. Accordingly, there is considerable potential for exploration success at all of the projects, which provides the Company the opportunity to realise considerable value for shareholders.
A simple setup.SETUP:
When you have a good setup, signal bars aren't that important.
In this picture, you see BTCUSD is in an uptrend: higher highs and higher lows. price is in a channel. when it hits the bottom of the channel, you can buy even with a weak signal bar. (I say weak because it has a relatively long up tail. tails on top of candle mean bears are forcing a selling pressure.)
STOP LOSS:
So, where do you put your stop loss? Remember, stop loss is placed at a level that if the price reaches that level your analysis will be invalid.
What's our reason for buying? an UPTREND.
What's the characteristic of an uptrend? higher highs and higher lows.
When price discredit your reason? when it descends below the last low. then you'll have a lower low and the price is either starting a downtrend or a trading range.
Thank you for reading this. Write your opinion in the comments.