LINK/BTC - Bigger correction aheadHi!
Looking broadly, more precisely on the weekly chart, we can count 5 impulse waves. Now we can correct it on ABC.
If my count is correct, Link is probably moving to support at 0.00015524.
There is a possibility before correcting for lower levels, we can find opportunity for a target trade at 0.00031270 (15%).
This can be very risky, you might ALWAYS use stop loss.
STOP:
0.0002553
Target:
0.00031270
Manage your stop according to your risk management. This is not financial advice.
Stoploss
Long-scalping or Short (market decides my decision)If it breaks $11849 I am long-scalping till somewhere like $12800 (shortterm)
If it breaks out of this purple triangle to the downside, I will be short till $9948 at least (If this happens we could also see a little more accumulation happening between/below $9948 and $9600
EURUSD 15M PIVOT POINT DAY TRADING STRATEGYSetup chart with -
Volume,
Pivot standard,
Sessions on chart.
Step #1: Trade only at the London open or the 8:00 AM GMT.
Note* We’re going to use the 15-minutes time frame and trade based off of the daily pivot points.
Step #2: Buy at the market if after the first 15-Minutes we’re trading above the Central Pivot Point.
Important Note * If after the first 15-minutes into the London session we’re too close to the first support level we better skip this trade opportunity because the profit margin has tightened.
Step #3: Hide your Protective Stop Loss 5-10 pips below the Central Pivot.
Step #4: Take Partial Profit #1 at Support 1; Take Partial Profit #2 at Support 2 or let 2nd TP run.
Step 5 As price hits R2 move SL to PP. As price hits each R level adjust SL to past R level.
Note** the above was an example of a BUY trade using the best pivot point strategy PDF. Use the same rules for a SELL trade – but in reverse.
AUDNZD 1D STOCHATIC INTRADAY TRADEFind daily pair where
Daily Chart
1: Stochastic lines have crossed below 20 level
2: K line above D line
3: K line crosses above 20 level - then
4: Look at 15m chart for swing low pattern
15m Chart -
Swing Low Pattern
1st candle higher low
2nd candle lower low
3rd candle higher low
Look for
1: Stochastic lines have
crosses below 20 level
2: K line above D line
3: K line crosses above 20 level - then look for swing low pattern
4: Buy Stop at breakout of Swing Low Pattern Highest High
5: SL 5 pips below previous swing low
6: TP is a 1x2 risk reward
Bitcoin aims to 16k levelsHi!
Bitcoin just corrected from 12k up to 0.618 fibb (9700) and made a direct jump to the resistance of the 10600.
Although the last fall caused a lot of pain, the chart still presents me with possibilities for new highs, for that we need Bitcoin to break the wedge and stay above 11k in the coming days. I can't fight against the trend and so I'll make a buy on 11k levels.
This can be risky, ain't no shame if you got stopped, you might always use stop. Keep it simple.
Resume:
- Retraced to 0.618 fibb (9700) from last bullish impulsive wave
- Bullish Wedge
- Trend still Bullish
- RSI pointing up
Conclusion:
- Long
Strategy:
- Wait for a confirmation and then buy only if we're above 11k levels
- Move Stop once the market is in favour
Target
- 16000
****
Manage your stop according to your risk management. This is not financial advice.
USDCAD Pending Buying OpportunityFollowing up with the entry we took during last weeks trading at 1.3095... for anyone who missed the trade, I believe if we get a retest of the 1.3095 area this would still be a valid entry with a relatively small 25 pip stop loss to protect yourself if price decides to continue falling to a new yearly low.
Targets at 1.324 and 1.33
Nice R:R On this trade idea setup, use risk management if you decide to play.
H1 - Short with valid and ideal APF with a good psych number... A potential bearish and authentic APF Bat 88.6% XA ret within 161.8% - 261.8% CB ext for a short/sell trade opportunity with a good psychological number at price 0.66600 even handle. Aggressive entry with pending sell limit order at the completion and stops just above setup's X point giving us a good 1:2 RRR to TP 1 and 1:3 RRR to TP 2. Conservative upon confirmation to short/sell once price completed the setup and SL and TP as seen in the chart. Could there be one good short/sell opportunity? We will see. Trade with care and good luck in the markets
Euro / Canadian Dollar - Stop Loss BreakdownEuro / Canadian Dollar - Stop Loss Breakdown
The video breaks down the technical confluence factors that were taken into consideration prior to confirming my entry criteria.
Remember, there is no such thing as winning or losing in a game that has no end, there is only ahead or behind.\u2028
Finance is a never ending marathon that requires stamina, just because your ahead today does not mean you can’t be behind tomorrow.\u2028
Stay focused and consistent in your approach to every opportunity.
RENBTC My 2 centsBuy 500-550
Sell 550-600
Stop Loss 460
I ain't no advisor just pointing out how I would trade REN
Making an EMA strategy ALMOST profitable with a SL-TP SystemHi guys!
I think I am one of the few who managed to code this with pinescript v3. Tell me if I'm wrong.
You can now request any strategy that you would like to have my Stop Loss / Take Profit System and I will create and publish it on TradingView.
The system includes a Trailing Stop and a Trailing Takeprofit with a % deviation.
For example if you want a simple EMA cross with the system you will get the above.
Size Position and stop losses (what’s the effective way?) what’s more effective having tight stop losses with bigger size position ,or having a smaller size position with a wide stop loss? Well as you know in trading every day is not the same. So you can do either or depending on how the day is going.For example if instruments you’re trading is very volatile it would’t be such a great idea to have a big position with a tight stop loss.You may have thoughts of doing it because if you’re able to pull it off you might make some good money fast, but you will have a very high chance of being stopped out. Then that’s when disaster happens most likely your emotions will take over and you will start to revenge trade. For this reason it would be better to trade with a small position and wider stop losses. Now, if the market is a little bit slow you might do the opposite depending on the situation. It really all comes down to the chart pattern, volatility , trends , and so on.
Quote: “It’s critical for the crocodile to understand its prey and to know where to look for it and remain calm and patient until it arrives. As traders, we have to know what our trading edge looks like and where to look for it and then control ourselves enough to not over-trade before it arrives. “- Nial Fuller
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ICX Profits #ICX #ICXUSDT #ICXUSD #ICXBTC #CRYPTOStop-loss triggered and 3% profits taken.
I'm not 100% on this trade right now so i'm playing it safe until I see confirmation with higher lows and higher highs. Limit buy orders re-set at the 0.5, 618, 0.65 and .0786 fib levels hoping for another fill.
If i miss it i miss it but i would rather look for a better entry with less risk vs hopeium
Current: Neutral
Cheers,
Marc
WHAT IS AN ATR RISK REWARD MANAGEMENT PLANWHAT IS AN ATR RISK REWARD MANAGEMENT PLAN
1- Maximum per trade risk = 2%
use a position size calculator
2- Stop Loss = ATR x 1.5
3- 1st TP = ATR x 1
4- Use two positions - each 1/2 total of trade risk (1%)
5- Both positions use hard SL - ATR x 1.5
6- 1st position uses hard TP - ATR x 1
7- 2nd position uses a trailing stop for TP
8- After 1st TP hits move 2nd trade SL to break even
9- Follow stops on 2nd position as it runs
10- Don't double leverage a currency
(buy Ca/J and sell U/Ca don't double up)
11- 1st TP hit but price drops:
use Heiken Ashi changes color exit
12- Price does not hit 1st TP and drops:
if my entry strategy changes direction
then close trade to not hit hard SL
13- Shut down trade before hugh news events
VERGE USD 1D 2 PERIOD RSI STRATEGYStep 1 Add RSI to chart
Change RSI period setting to 2
Change RSI levels to 5 & 95
Step 2 Sell when the 2-period RSI indicator crosses above the overbought 95 level or
Buy when the 2-period RSI indicator crosses below the oversold 5 level.
Step 3 Find appropriate SL
Step 4 Take Profit when the 2-period RSI indicator crosses
Sell-below oversold 5 level/Buy-above overbought 95 level
BTCUSD 1D TRADERS DYNAMIC INDEX STRATEGY ENTRY RULESTraders Dynamic Index Strategy Entry Rules
1- Red Line break above Yellow Line
2- Green Line break above Yellow Line
3- Neither Line break above Blue Line
4- Buy when Green Line close above Yellow Line
5- SL below SwgLow or 1,5xATR (min 10 pips)
6- TP when Red & Green cross below 70 level
Time to SHORT SELL BTCUSDT Binance ElliottWaves NguyenMinhTamMy opinion: Waves (3) daily is over. Zigzag (or flat or triangle or ...) begins here
Time to SHORT SELL BTCUSDT Binance ElliottWaves
TakeProfit: 4900 zone
StopLoss: 7525 zone
RiskReward: 2.9
Follow me to more infomation and values.
What is your opinion?
Cyatophilum Bands Pro Trader V4
Hello,
This version includes a new feature, engineered to increase profitability.
About the backtest below:
Short + Long Strategy
0.05% Commission
10% of 10 000% equity per trade. Net Profit can be increased with a bigger % of equity.
Strategy data from 01/11/2019 to 30/04/2019
The Cyatophilum Bands, Trailing Stop Loss and Take Profit System are explained in the last version:
The access to this indicator and its Alert Setup version are included in the Cyatophilum Indicators pack available on my website blockchainfiesta.com
To get a free trial, leave a comment, thank you.