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{SWC} FBM KLCI/Malaysia 30, Closing Bell 10th Apr 2020Thank you for your continued support! :) On the daily chart, the Footsie Bursa Malaysia main index had be sliding lower steadily until the fateful Friday the 13th in March where all hell broke loose, losing as much as 7% at the day's low. The result: a monster gap of some 45 points. Talk about a black friday! The development of the following week would come as dramatic as the last. The KLCI would continue the extremely bearish breakout until it found willing buyers on the 17'Mar, dangerously sustaining above 1200. A technical rebound was expected, but the unexpected magnitude of the 6.85% u-turn would send the bears routing. The continuation of that 83 points reversal would lead FBMKLCI to challenge the downward sloping short term moving average. For a while, KLCI would consolidate a new support on the 1317 region. Taking a more granular look of KLCI's performance through the recent hourly chart, the main index has staged an offensive into the gap of that same Friday the 13th. Pulling their punches, investors didn't want to overextend their risk approaching the week's close, preferring to take profits. The concern is understandable as the new round of OPEC+ virtual meeting is beginning on the global stage, while awaiting news on the possibility of Movement Control Order (MCO) extension in the local scene. Adding into the mix, the HK and US markets are closed for Good Friday, brewing more uncertainty for price reference to the big boys. Come Friday, the MCO extension was more or less expected, so the bulls aren't willing to give up much ground, having settled to camp around the price range of 1350 to 1353 - the previous high and 38% retracement. Cautious but optimistic, investors and traders await further news to develop through the weekend. Stay safe, everyone :)
FTSEMYX:FBMKLCI
by ShareWorldConsulting
Comprehensive work for different time-frames Bitcoin(Gemini).You can share your LOVE , by giving me LIKES and COMMENTS : this your action will inspire me to work more and more... Hey, My dear Trader s(Friends), This is my second posted an idea , the first Idea was successfull y target achieved. On the parallel channel( value area ) are plotted following analysis-: At the value high, 4 yellow dotted. 5 touching on the Control Price line 3 Dots having value low An excess found. --------------------------------------------------------------------------------------------------------------- Booked Profit of 587 points in the last update. Here is the complete timeline trades post: --------------------------------------------------------------------------------------------------------------- --->> Daily chart, Break-Out ...? Look at the "?" breakout is the question . 2-control lines parallel channel with value high and low an excess found(penetration) Remarkable point: => 1) Volume started to rise while last tested at value low(b) which sign of up-breakout. if there's up the breakout, then price not break (b) orange line (gravitation). => 2) Point should be note that, many Dots or many times price tried to touch at value low("b" line). --------------------------------------------------------------------------------------------------------------- The weekly chart is still bullish : Following patterns has been detected-: initiative movie two triangles rounded move with low volume tails (while u-turn ) ---> ATR 1379 point on the weekly chart. Calculation of ATR: 1379 ATR + 6775 last week closed = 8154 target of this week . --------------------------------------------------------------------------------------------------------------- Top reversal Head & Shoulders Pattern : Ref:
GEMINI:BTCUSD
by Trade-Technique
397
Rising Wedge Breakout on GBPJPY. A Perfect Sell Entry.Hello my fellow traders, hope you'll making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. The pair did breakout from its rising wedge and took a reverse after hitting its resistance zone. As far our analysis, one can take take a sell signal while keeping TP at 132.000 Let us know your views on this in the comment section. Thank you all. There is a good news for our followers. We will be doing analysis on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us. Ryan.R.Lopes
Short
by Ryan_lopes
4
- BTC - How big banks play monopoly in 2 stepsHello, Before we start talking about now let's go back to 2017 to demonstrate the simple business model of big banks. In 2017 before the futures every big financial entity was bashing bitcoin really hard ( Example: www.theguardian.com) The reason why is that because they are simply making the weak investors sell in order for them to buy more and then manipulate them back into buying in ATH and then do this cycle again ,They use fear and greed in order to that...That's not just for bitcoin but for every other market in the past 20-30 years. What is happening now is the same with coronavirus . Let's look at simple data: -SPX is down 16.62% -UKX is down 21.46% -DAX is down 21.32% And basically every other indices , And all for what ? A virus with 3% death rate (www.worldometers.info) that the media made it look like the new plague ? What i think this is ,Is the fear phase in which the week investors sell in order for big banks to buy . Back to Bitcoin , The best regions to buy BTC from is 5800-6200$ (Very strong weekly support) and 7200-7400$ (Weekly fib + daily support)
BITSTAMP:BTCUSDShort
by EzzDaghash
How to Do A Multi Time Frame Analysis in a reactive way!Hi Traders, here is the full Educational Video - How to do a Multi Time Frame Analysis in a Reactive way! . Conditions - 1.Make Sure Structure Broken and closed below. 2.Wait For Confirmation (Price Action) 3.Use Risk Management + Follow A Trading Plan! 4.Always Be reactive & Not Predictive ! A like and a comment will create more Free Analysis & Forex Education. Your Support is Appreciated! See You in the next Educational Video / Analysis Global Fx Education
Education
by Global_Fx
The BEST Timeframe to Trade ForexYou got into trading for one reason and one reason only. To change your life. For freedom, for freedom to do the things you want to do. To spend time doing what you want to do when you want to do it. NOT to be a slave to the screen. Not to stare at the charts all day. And here is the thing. If that is what was required, to stare at the charts for hours at a time watching each tick, then you would do it. You would do whatever it takes to succeed. The thing is and I want you to pay attention to what I am going to say right now because it is very important, the very thing you are doing is actually the thing preventing you from success. You are spending too much time watching the markets and taking way too many trades. Trade less. Avoid the noise. Take strong signals with a different mindset and increase your win ratio and profitability.
Education
by JordanLindsey
7
PURE ADDICTION! To be exploited. Yep - the algos play out the addicitons of their masters to cheap money: low interest rates, REPO pumping, and the implicit guarantee from the FED. But an itty bitty virus that disrespects world leaders, has everybody flummoxed and reaching for safe havens. In this screencast I show a bit of algo action and some smaller time frame trends which can last for over a day - quite lucrative. I've adapted to the vacillations of the market as I can't see the sense in waiting ages for decent profits when there is loads of lovely volatility within trend envelopes to exploit in lower time frames. If I can exploit a move of 100 - 200 points in a day or two I think that's fair enough. The greed and hope in these markets have created lovely opportunities - which can be exploited with the right level of discipline.
FOREXCOM:US30Short
by Captain_Walker