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Tactics

ESSENTIAL FOREX TRADING CONCEPTS YOU SHOULD KNOWI want to start by talking about something that I frequently see when trading and “how-to” trade is being discussed. The concept of trading having to be simplistic and not too complex, that the simpler your trading is, the better. Having a simplistic approach to trading is not realistic; you must balance trading between simplicity and complexity. There’s a reason why 90-95% of “trying-to-be-traders” never become or will be consistently profitable. Think of it in terms of having data; if you have limited data, your system or edge won’t be effective. Most likely, it will be random. But having too much data and information can be overwhelming and too confusing to do anything with it. So the question becomes, how do you balance your trading approach between simplicity and complexity? We do this by understanding that trading falls into three categories. And by knowing the components and elements of each category, we can define the way we trade so that our decision-making and observations are guided by objectivity. Basically, a well-formed trading setup consists of these three elements. ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
FX:NGASEducation
by INotFancy
NEOBTC - Bankroll WizardryNEO - Digital asset smart contract platform aiming to bring together identity and asset management on the blockchain. Disclaimer: NEO is one of my top picks the fundamentals are top notch and the ecosystem of Dapps being built on it are quality, i am very bullish on projects coming out of china especially ones that align with the interests of the chinese government. Take it as you will but cooperation with governments is key in my opinion for longevity and guaranteed use case Chart speaks for itself we are the precipice of the 10 month downtrend one more weekly candle and we will be moving out of the diagonal resistance line. we have 2 very strong bases of support located at 23XX and 21XX at this stage the R/R is second to none. MACD showing buy signals with the 12MA crossing the 26MA Histogram gives a green light and i dont tend to use the MACD often however given this period of sideways accumulation action this is a very bullish case for the beginning of an uptrend. entered LONG on NEO at 24XX Stops at 20XX
Long
by Bankroll_Wizardry
BTCUSD Bankroll Wizardry Trade Idea No.1 (BTC LONG - Long term) 4hr,1D,1W Chart looks great on all time frames. This is a longer term play 1-3 Months Target 4.55 R/R ratio with an Entry at 6450 A Safe R/R and Position sizing example for beginners: if trader X has $10000 In total and put $1500 on this trade the max exposure to loss would be only 0.69% of total trading balance. If you wish to risk more and subsequently increase your win if the trade goes in the direction of choice you can simply apply Leverage on exchanges such as Deribit or Bitmex (use leverage at own risk) Trade Target is right on the next heavy horizontal resistance line at 7790 - You can manage your trade as the price encroaches upon the resistance line to either change to a short position or exit the trade with profit and wait for a retest if the resistance line breaks and chose weather or not to re enter the trade if you believe the market is going to go to higher price levels. Just bear in mind your R/R ratio does change as price action developed and it would be wise to manage the trade accordingly until you have determined the trade is no longer worth the candle. Stop loss is placed at 2 horizontal support levels lower than the price action currently is. This gives us plenty of breathing room before being stopped out however depending on your risk taking characteristics you can move the stop to sub 6xxx levels if you wish as the 6000 area for BTC tends to absorb all downward pressure this year so far. All in all Shorting BTC anywhere under the 6400 Area has been more often then not a risky move and it is of my own personal bias based on Technical analysis and market behavior that i firmly believe that going long anywhere from 6000-6500 USD is a sound long term strategy Play it safe. Dont risk more moeny for the sake of it. Protect your capital. Preserve your Capital. Grow your capital - Bankroll Wizardry
BITFINEX:BTCUSDLong
by Bankroll_Wizardry
2
Hunting to buy: Tactical Plan for GBPJPY 1. Strategic Direction: - To gain a better understanding of my strategic direction see this TradingVeiw Post: - Weekly is in a Trend up phase (based on FZR of w1) 2. Tactics: - We have FZR of h4 down . Trend phase of h4 will proceed until MF PIvot is broken (or other MF regularities appear) - once the Pivot is broken I will start looking for some signals to buy (i.w will be looking for FZR up of smaller TF's) Note: - Mid/Long Term analysis of Forex pair every tuesday/wednesday - Any ideas, suggestions, questions - Welcome! :)
Long
by RMPForex
XAUUSD inverse H&S, break up of necklineRecently, Gold broke up above intermidiate resistance/neckline. On chart, you can see inverse Head and Shoulders pattern which usually leads to reversal of previous trend. Since Reversal candle on the 1st of January of 2015 it feels much more constructive. Nice 2 days of rally after that actionable signal. Then it broke up resistance at $1,204 which later became our new pivot support. After 3 days of rally we have small reversal candle which may lead to digestion or pullback (reason to cover some if you are long, doesn't mean short) that is healthy as gold already gained 4.5% since the beginnig of new 2015 year. First area to look for entry Long is $1,223 - break point of neckline and previous swing high. Then we have 21 EMA and bigger support at $1,204. From fundamental point of view we can see increase in demand, as wedding season takes place in many countries. India is prominent one. My first intermidiate target is $1,255. Macro target $1,300-$1,330
FX:XAUUSDLong
by andrew.berg
SPX levels and plan Recently, i posted chart where I mentioned that i am not going to be too bearish untill break down og this intermidiate trend line. You need to be prepared for different scenarios with stocks that are on your long/short watch list. When this scenario came into play, plenty of short opportunities emerged (check some of them in the link below). I still don't think that this 2 days selloff is the end of the world. If bears want to keep control, they should defend $1,937 (important), then we have resistance zone a t$1,949-56. I will be watching for tactical pullback, as it feels a bit oversold here, trading with stock that show us relative strength. Then short opportunities ("h"-pattern) on pullbacks from resistance zone and moving averages.
SP:SPX
by andrew.berg
FTSE100 sitting on major resistance FTSE reached major level of resistance after Reversal Candle, then it regained moving averages and borke bear channel. That attracted many active buyers and we had nice follow through into major resistance 6875-94 that is in tact since May 2013. On Friday, it closed with doji, holding near top. At this point I think we need some kinf of rest or sideways action (upper-level base or flag) before it will break up to new highs. I am watching for tactical short and will use my 8/21 EMAs to measure strength of this recent move. The higher it will hold the higher is probability that it will continue going up.
F
by andrew.berg
US Dollar index bullish reversal from support zoneIn general, week from 30th of June to 4th of July was positive for global markets. Indexes gained 1-2% mainly on better then expected job numbers from US. Dow Jones above 17000 with technology index Nasdaq at 14 years highs , after the government reported the economy created 288,000 jobs in June and the unemployment rate fell to 1,6%. A stock or index hitting new high has no overhead supply to contend with. When a stock or index reaches a new high supported by big volume clues, it has been propelled upward by institutions taking positions because they believe that fundamentals are solid and the prospects for the future are even better. The European union kept monetary policy unchanged as expected following last month's measures to stimulate the economy. CAC 40 bounced off 4407 where 21 EMA is situated. It could be our new point of reference. Week before sellers managed to broke down accelerated trend, if they still want to keep control on price they should defend break down point 4500. After big run in 2013-14 years it may take a pause and pull back a bit deeper to 50 EMA and macro trend line close to 4300. The US dollar gained against major currencies. The job report is bullish for the U.S. dollar, and a headwind for gold. Dollar Index bounced off support zone that is in tact since April 2014. Now we have green, reversal candle that can lead to something bigger if next week buyers will lift prices above previous high of that candle. US Dollar still under pressure below key moving averages. I will use my levels of support/resistance and pivot points to measure price action.
FX:USDOLLARLong
by andrew.berg
2
ESRX forming favorite patternsThis healthcare company forming best opportunities and shlwing relative weakness on weekly and daily charts. Recent top was at $72, then it broke down and now if flagging near moving averages. I will be waiting for trigger. break down of this minor channel could give us good Risk/Reward entry with stop above $70.00. Add on break of $69.12. Partial take of profits could be at $65, then we have strong level of support at $61 from where it started rally.
EShort
by andrew.berg
Gold short scenario, tactical trade Gold found supply level at $1331 - reversal point from 14th of April. from another side it is building nice upper level base with support at $1325. On daily, it feels a bit extended, so some kind of pullback makes sence. $1326-28 is another resistance zone inside of that wide range. Looks like bears trying to take control and keep preassure on price. Next buyable areas could be $1312, then $1306. Check my Long Idea in Gold in the link below.
FX:XAUUSDShort
by andrew.berg
GPB/USD point to take decisionsTwo weeks ago sellers managed to break down uptrend line that is in tact since NOvember 2013 but buyers regained control as price is above all key moing averages on Daily timeframe as well as intermidiate 4 hours timeframe. Now, it is building upper level base in front of intermidiate down trend line. Recent lower highs and lower lows tell us about weakness in this pair. Resistance zone at 1.68350-.450 where I will be watching for potential short opportunities on short timefrmae like 5-15 minutes. Break up of this zone could lead to next swing high at 1.68800 then we have 1.69200. Level of support at 1.67800 which was resistance. Back and hold below could lead to lower prices right to the bottom of this bear channel.
by andrew.berg
WHR bear flag, setting for potential break down of 200 EMAWhirpool sitting on its 200 EMA , below all key moving averages. It found strong resistance at $156 (tripple top) and starting from there sold off aggressively then price retraced to moving averages in very controlled manner. On 27 of May selling in stock resumed and now we have few inside days to absorb this big, red candle near lows in front of support. I put WHR on my short list. Entry below $142, it could trigger more selling. Holding below for few days means that buyers and sellers accept new prices and this can attract more selling and covering. Target could be at next support at $134, next swing low at $124.39 For active traders stop above $144.70-$145 where 8 EMA and swing high/potential resistance lies.
NYSE:WHRShort
by andrew.berg
CAT classical "h-pattern"This construction mashinery company entered into strong uptrend since December 2013 after it broke up major consoldation resistance in the mid $80ish area. Now stock with the whole sector ($MTW, $TEX, $DD, $JOY) showing relative weaknes vs broad market. I use my 8 and 21 EMA to measure short term sentiment ant to make adjustments if i am positioned. It dropped its 8/21 EMA on 20th of May first time since mid March. And settling for a nice h-set-up which is classical pattern in technical analysis. Break down below $100.72 may attract more active, swing traders and I expect to see some follow through. Stop above previous swing high at $104.50 makes this trade attractive from R/R point of view. Target is $95 previous base support level, 200 EMA. All traders should manage this trade depend on their time-frame and strategy.
NYSE:CATShort
by andrew.berg