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EURHUF - Good Example of using Pivot PointsI've been trading for over 7 years and I've come to love pivot points! I see pivot points being used constantly and i just wanted to show you EURHUF on a 15 minute chart as an example. When the US market opened they made big moves around yesterday's price level until it hit the first support level. I use pivots to scalp the market so i can compound my longs and shorts to make up for any losses that may have happened! Pivots are usually only used in day or swing trading on the 1 minute, 5 min and 15 min charts. Zoom out to multiple time frames to check the trend and then take orders only in the direction of the trend to have some confluence going on. Don't just take trades blindly without fully being aware of what's going on. Make sure you read all and any economic news that is out there!! NOTE: Pivots don't always work but for the most part you can see them being used here in real time. (This is just a guide to show you how pivots are used, this is not a trading signal) I don't mind sharing because i want all of us 5% to make some so the big can loose some :)
Education
by JasonLeighton
Possible Continuance of BTC/USDT ReversalPrediction: After a few more tests on the $48,800ish area on the hourly chart where there is some resistance, I think there will be a breakout to the bottom finishing before the end of the year to the $48,000 level. This is my prediction due to the fact that BTC has broken through the 200ma 100ma and the 50ma along with the uptrend that has lasted since the 20th of Dec seemingly ending. I also saw what I think is called a golden cross of the 50 and 100ma signaling a downtrend coming. The time for this prediction to run till would be 31 of Dec 2021 and no later than 2 of Jan 2022. I would also consider this prediction to be wrong if BTC hits around the $50,500 point. DISCLAIMER: I have only started really looking into this technical analysis stuff over the last few weeks and am using this as a way to track my learning, if any person who is more experienced in this area would like to add a comment so I can learn more about this topic, it would be greatly appreciated. :)
Short
by lochiejy
[Trade Review]How I traded $CRM, $SNAP, $U, + Possible Set ups fIn this video I will reviewing trades 6/14/2021 which were $NIO ,$U $SNAP that were posted in a pervious video about the set up on my New Series *Set Ups For the Week Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emas, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! Make sure to leave a comment for feedback about cutting back on the trading review videos let me know guys! Will be making videos on trading phycology due to the euphoria in the market so look out!
NASDAQ:PYPL
by Raulf-m
2
KOSSAN - Potential ST Long (Learning Notes #12) (Paper Trade #1)Enter above RM 4.05 TP 1 RM 4.55 TP 2 RM 5.16 CL RM 3.75 Hello Traders, I am currently learning Technical Analysis , and the ideas I post are what I call ("Learning Notes"). Comments on my analysis are very much welcome and will be greatly appreciated. If you like my analysis, kindly drop a like and follow me! :) Let us learn together, and grow together to be a better trader! Sincerely, Kenneth Lee Disclaimer: This is not a long/short recommendation, nor should it lead to any market actions and/or activities. Trade at your own risk.
MYX:KOSSANLong
by Croissant_Life
2
ECOHLDS (Learning Notes #11)Entry : RM 0.235 Cl : RM 0.23 (-6%) TP1 / TP2 : RM 0.27 (10%) / RM 0.29 (18%) Risk Reward : 1.67 / 3 Hello Traders, I am currently learning Technical Analysis , and the ideas I post are what I call ("Learning Notes"). Comments on my analysis are very much welcome and will be greatly appreciated. If you like my analysis, kindly drop a like and follow me! :) Let us learn together, and grow together to be a better trader! Sincerely, Kenneth Lee Disclaimer: This is not a long/short recommendation, nor should it lead to any market actions and/or activities. Trade at your own risk.
ELong
by Croissant_Life
Trading Journey (1st Step)Hello Traders, I am currently learning Technical Analysis , and the ideas I post are what I call ("Learning Notes"). Comments on my analysis are very much welcome and will be greatly appreciated. If you like my analysis, kindly drop a like and follow me! :) Let us learn together, and grow together to be a better trader! Sincerely, Kenneth Disclaimer: This is not a long/short recommendation, nor should it lead to any market actions and/or activities. Trade at your own risk.
MYX:PTRANS
by Croissant_Life
Topglov - FA or TA? Who wins? (Learning Notes #10)Hello Traders, I am currently learning Technical Analysis , and the ideas I post are what I call ("Learning Notes"). Comments on my analysis are very much welcome and will be greatly appreciated. If you like my analysis, kindly drop a like and follow me! :) Let us learn together, and grow together to be a better trader! Sincerely, Kenneth Lee Disclaimer: This is not a long/short recommendation, nor should it lead to any market actions and/or activities. Trade at your own risk.
MYX:TOPGLOVShort
by Croissant_Life
XAUUSD net short positionas long as we stay below 1900-1910 i will remain net short on GOLD (XAUUSD) we are due for a retrace back into the 1700 price but with news coming up we will need to really rely on volume inflow, with that being said using a 100 pip stock for a 4:1 swing for me is good RR i will risk 2% on this and will scale in if i see fit, keep in mind even when news comes up market makers can load up net short by running stops to the upside and then pulling the rug causing prices to drop fast and leave long buyers at the highs, most retail tend to trade small time frames, if you want to win more than you lose look at a daily or weekly chart, determine its direction, then whether you are trading the 5m, 15m, 30m 1h, 4h you choose to ONLY take positions in that trend, if a weekly is bearish for example, no matter what time frame you trade the down moves will always be bigger than the up moves which are only considered retraces into the liquidity pools for the market makers to fill orders.
FX:XAUUSDShort
by PipGxd_
GBPAUD LONGlonging GBPAUD here, looking for 1.8750 as a potential target giving about a 4:1 RR most of my trades will have about 1-2% risk depending on the potential i see. If i jump in on a bias based off of the 4H chart for example my risk will be calculated to 1-2% then i will lower the time frame to a 1hr, 30m, 15m to see if i can decrease my risk. So say on 4hr my risk is 1% but i might find a stop loss level on 30m my risk now decreases to say .3% for example meaning when i see fit i can load up 2 more positions and ride them to my tp taking profit as i see fit of it the market shows heavy signs of reversal. Hope this little piece of info helps some of you has helped my students become profitable and more confident in their trading. P.S. long term gbpaud should see the 1.9300 price level as long as 1.8200 does not break to the downside so id be looking at nothing else other than buy setups here until that 1.9300 is hit.cheers
Long
by PipGxd_
EURNZD ShortGuys in trading to get that bigger picture you have to see the monthly candle closer, and if you can see the monthly closer on EURNZD you can see that is a 3 pin bar ( Evening Star potential further upside for the coming month) If we see Weekly we can see that we have a rejection from 1.7605 ( Daily multiple rejection). If we see Daily we have a morning star confirmation, so what next? My bias for the upcoming week for EURNZD is bearish. Why entry 1.7486? because the TL was broken and you can see that it's a possible Head and Shoulder 4h , so wait to retest that TL and also to hit 50% FIB. First target: 1.7321(crucial level for the pair). Second target: 1.7219
Short
by ronizfx