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USD/CHF - POTENTIAL SELL OPPORTUNITY - WAITING FOR CONFIRMATION SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart Time frame - 4 Hourly Timeframe - 1 week Actions on - A – Activating Event Currency Pair creating a Double Top B – Beliefs Market will be rejected at @1.009 level and move towards the Target 1 level @ 0.9963 Will only enter if market has been rejected by the @1.009 level. If not the trade will not be executed FX:USDCHF Trade Management Entered @ Still waiting for confirmation Stop Loss @ 0.115 Target @0.9963 Risk/Reward @ 1:5
Short
by SMPTrader
Short XRP triggeredThe short setup we were looking at in the last XRP post entered us into a short. I'm keep the stop loss at the level the indicator tells me to, to give the market room to move down. Made good profits on the last move XRP had, so even if my stop gets taken out I'm still in large net profit. Which is all that counts :) Wait for overextension signals to move the stop according to the strategy. If you want to try our indicator out, follow us and drop a comment and we’ll get you set up. More information on our indicator can be found below: Like and subscribe if you enjoy our work! Stay calm, and happy trading!
BITFINEX:XRPUSDShort
by DariusZen
New Long setup XRP: 4HR and dailyWe were looking for a re-entry signal on our last XRP post, but that didn’t come. In stead we got stopped out and the indicator signalled a new long setup. For those who have access to the indicator: the daily is on a long setup too, so that is the setup to follow. The daily chart is below. \u2028This is a nice example of how the indicator gives you the trend signals. We get a 4HR trend setup at (1), which triggers us long. We re-enter at (2), and may take (partial) profits from the overextension signal at (3). Price then hits our trailing stop at (4), and we’re out of this 4HR trade. We now get a trend setup on the daily. The 4HR chart has given us the short term trend into the daily trend setup. The 4HR setup that is plotted here can be triggered, but the daily can fail. We want to enter this daily trend here, so that is the setup breakout will will be looking for! If you want to try the indicator out just drop a comment! You’ll have until the 14th of November to give it a try! For more information on the indicator and where to find the manual see below! Happy trading!\u2028
BITFINEX:XRPUSDLong
by DariusZen
10
Zen-Trend Follower v2 on BTC/USDHi Traders! We’ve updated our indicator it’s ready for you to try out! (only if you want to…) The Zen-Trend Follower plots trend setups with a breakout entry level and stop loss. It then shows you re-entries into the trend, and signals overextension (from weak to extreme) to help you exit trades at better prices than the trailing stop loss. On the chart above you can see it’s BTC/USD performance from January to August of this year. Blue lines are breakout entry levels, red lines are where the trade gets stopped out. For more information on the indicator (and where to download the manual, click on the link below: If you want access all you need to do is follow us, like this post and leave a comment asking for access. You will have access until the 13th of November! Happy trading, and don’t panic! ZenTrader
BITSTAMP:BTCUSD
by DariusZen
Long Setup ETH/USD dailyDaily We have a bullish TK-cross (1) and a setup and breakout level (2). First resistance levels at the flat kumo are (2) and (3). 4HR The 4HR chart gave a long setup (1), but the daily showed no bullish signals yet so we ignored the setup. the Red line (2) is where the daily long setup started. From this point we can look at long entry signals on the 4HR chart. The safe entry would be the break of the daily trend breakout level (3) . The first target is around 234(4). For more information on the ZenTrend Follower indicator please see below: Like and subscribe if you enjoy our work! Stay calm, and happy trading! ZenTrader
BITSTAMP:ETHUSDLong
by DariusZen
Long XRP/USD: daily TK-cross and a 4HR entryOur Trend Follower has gives us a 4HR entry after a daily TK cross. LEt's got to the daily chart first We have a bullish TK-cross (1), but the ZenTrend Follower has not detected a daily trend setup yet. We have three resistance levels up ahead coming from past flat kumo levels (2), (3) and (4), which we need to watch. 4HR We’re long from the long setup (1) and breakout of the trend breakout level. We could have re-entered at the re-entry signal (2), but as that came on a very overextended candle we might have been late to to party there, so we we didn’t take that re-entry. We broke the first resistance level (daily kumo), and got a weak overextension signal (3), and a medium overextension signal (4) on the current candle. We;re only an hour into this candle though.. LEt’s see if the daily kumo breakout holds, if so our next target should be around .0565 (5). For now we can move our stop to either of the red lines, as we’re getting these overextension signals PS. For our subscribers, this is the new version of the indicator. We’ll push the update to you in a few hours! For more information on the ZenTrend Follower indicator please see below: Like and subscribe if you enjoy our work! Stay calm, and happy trading! ZenTrader
BITFINEX:XRPUSDLong
by DariusZen
Liquidity Pool / Stop Loss Explanation POE SignalA group member had a question about why the stop loss was "so low" being 23% under the buy price. The reasoning is you need to avoid the liquidity zone, where price could easily be pushed. The purpose of our stop is to exit the trade if its no longer valid (not get stopped out only to see a pump happen afterwards). This could be another accumulation cycle, so we want to ride out the potential for a dip. As normal traders we normally dont have to deal with extremely large positions. But the whales/institutions who do have to think about liquidity very differently than you or I. Order flow intersections are what they look for. They have to go TO the liquidity - which is many times where people end up placing their stops. They cannot simply accumulate or distribute a large position whenever and wherever they wish. Rather, they must look to those levels where liquidity is aggregating, and stops are helping them in an indirect way. Without a Support/Resistance Finder (SRF) to help you, you can also/alternately use a volume profile as shown. SRF auto plots the S/R lines for the current range (all the horizontal dashed red and green lines are done by SRF). You want to place your stop BELOW where the liquidity is likely located - and also where your trade idea is invalidated. In the opposite sense there is a liquidity zone above as well. Many times you will see price probe the same levels over a few days. This is testing the resistance and seller appetite. You can see this here in the 210+ area as price has been probing the upper resistance.
PEducation
by theheirophant
1