Timing
Hourly Bitcoin Timing: Spotting Future Pivotal MomentsHey everyone!
I am going to share my timings for the BTCUSD pair until the end of this month!
In the chart, you'll notice vertical lines indicating pivotal moments. These are key times to consider opening a position, complementing it with your own Technical Analysis.
To illustrate, I’ve also included past timings for reference. Check out the three past vertical lines (red ones) on the chart:
8th September: This timing corresponded to the breakout of the descending trend line.
13th September: This timing marked the end of a short consolidation stage, which was followed by a pump.
16th September: This is from today. This recent timing aligned with a potential breakdown of an ascending trend.
Keep an eye on the upcoming timed moments (black and gray vertical lines) and complement it with your basic TA before opening a position.
Note: Black vertical lines are more likely to correspond to future pivotal moments compared to gray ones.
Happy Trading!
GBPUSDIn general terms, I can see that the price is in a bearish channel, accumulating a large part of the supply and inducing it to continue selling. I stick with my plan to sell until my psychological point of 1.27772 since in a week that is my breakout of the BOS. Once I get that liquidity point I will be very attentive since it is a greater induction therefore I will take advantage of all that offer and I will join the sharks to buy and take my part. But since the market is present today, it is giving me a beautiful sales opportunity.
Timing the market. IWMWhat we know? Oil is likely bullish in 2nd Half (24'). BTC leads the small caps. TNX usually works as a head wind (and has took a pause). Rate cuts are very bullish for small caps and financials benefit in this environment?
technically; the 20dma works as a driver. 50dma and 200dma just gives you context. You can add MACD to confirm things.
Im speculating that small caps breaks out in mid April.
U can fact check using IWM/SPX.
SPY PathThis is what SPY will do near and mid term:
- Begin drop somewhere between 11/3 (today) and 11/8 (next week) to 398-405 range [ 402 point target by end of November 2023 ]
- Bounce/relief rally to 434-444 by mid to late December 2023
- Massive drop in 2024 to 360-380 minimum, possibly as low as 290s
Short it, buy it, then short it again. These are very tradeable moves and they'll hit - follow the red path.
SP500: Single Base ProjectionDefining the levels of reversals in terms of fibonacci ratios derived from Convid19 crash. Second alternative colored fib channel is placed in respect to established unity.
Old version contained colored fib channels covering period from 2008 crash.
Whereas in current version, the interconnectedness in fibs are based on metrics of Covid19 volatility ONLY . Derived lines capture the randomness of price action.
Also, downward channels are adjusted to the frequency of shorter composite cycles.
How to Profit from Trend Exhaustion - XAGUSDHow much ... and when? What else is there to know? Enjoy this multi-timeframe tour of the XAGUSD chart to learn how I find MAJOR reversals and targets BEFORE price action reaches them. As always, I strive to produce charts that speak for themselves, and yet this is my video debut here on Tradingview, and I could not be more pleased to narrate this unusual experience. If you enjoy it or, better yet, if you learn from it, then consider this a preview of forthcoming weekday morning livestreams, which I hope you will follow. Until then, be liquid!
Borr Drilling - Final Leg Up of Three Drives Pattern (5:1 Long)The price action of Borr Drilling retested the bottom of its Accumulation range about a year ago, and now a bullish Three Drives pattern appears to be forming, one which is almost ready to extend its final upward leg. As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception.
Note that I expect price to fall into the entry point, which has not happened yet (more on that below).
My trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION.
Along the upper region of the pattern is a Distribution range derived from the Fibonacci channels that define the space, across which are arranged a variety of profit targets. Meanwhile, below is suggested a line of "Late Entries" and a "Moving Stop Loss" based on the Euler ratio of the Andrews Pitchfork.
Furthermore, the time limit is imposed by a the same ratio in a Modified Schiff Pitchfork, into which the descending leg of the pattern may be expected to fall.
Obviously, if the price action plays out as forecasted, there will be an opportunity to short at or near the top and aim at any of the downside targets given. That is already well into next year, and a lot will happen before next Summer.
Until then, be liquid !!!
Bluzelle ... The End of the Party A quick look at the look at the price action history of Bluzelle suggests that the impressive run up since midsummer has come to end ... but I've been wrong before, so I welcome your tough questions. After all, this venue exists to arouse the reverse-engineers and to provoke the thinkers to do what we do best, right?
As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception.
Although my trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION.
In this case, it is the last of those, TREND EXHAUSTION, that most indicates to me that a limit has been reached and price will fall. Furthermore, that limit has been reached BEFORE the obvious (highlighted) profit target.
There are many techniques on display here, but the most important of these is the use of Euler's number as a ratio in the Andrews Pitchfork to time measure inflection points.
This technique will appear again in my ideas and forthcoming videos. Now that I have enough followers to enable streaming, I will consider taking topic requests while I develop a programming schedule and make my first recordings.
Until then, be liquid !!!
When Is The Best Time Of Day To Trade Forex?The forex market, renowned as the world's largest and most liquid financial market, facilitates the daily trading of trillions of dollars. With its round-the-clock operation, forex traders enjoy the flexibility of trading at any hour. However, determining the optimal time to trade forex is a common query, particularly among novice traders. The answer hinges on several factors, such as market volatility, liquidity, and trading sessions. In this comprehensive article, we will delve into these factors and unravel the best times of day to trade forex, tailored to your trading style and preferences. Whether you identify as a day trader, swing trader, or long-term investor, understanding the optimal trading periods can enhance your trading strategy and potentially boost your performance. Join us as we delve into the world of forex trading and uncover the prime opportunities for executing successful trades.
What Influences Market Price Changes
Price changes in the market can be influenced by a range of factors, which can be broadly classified as fundamental or technical factors.
Fundamental factors encompass economic indicators like inflation, interest rates, GDP, and employment data, as well as geopolitical events such as elections, wars, and natural disasters. These factors have the potential to impact market sentiment and investor confidence, leading to shifts in asset demand and supply, ultimately affecting prices.
On the other hand, technical factors pertain to market trends, chart patterns, trading volumes, and key price levels. Technical analysts employ these factors to identify potential price movements and make trading decisions based on patterns and indicators.
Apart from fundamental and technical factors, changes in regulations, shifts in investor sentiment, and unexpected news or events can also trigger price fluctuations in the market. Being aware of these factors is vital for traders seeking to make well-informed trading choices. By staying updated and conducting comprehensive analyses, traders can potentially spot profitable trading opportunities and effectively manage their risks.
Types Of Trading Sessions
There are four primary trading sessions based on market activity timing: Asian, European, American, and Pacific. Each session has its distinct characteristics and offers unique trading opportunities.
Asian session: The Asian trading session commences with the opening of the Tokyo market at 7 PM EST (midnight GMT). This session is typically associated with low volatility, as currency pairs tend to trade within a narrow range. However, news releases from Japan, China, and Australia can introduce moments of increased volatility.
European session: The European trading session starts with the opening of the London market at 3 AM EST (8 AM GMT). It is renowned for its high volatility, often witnessing substantial price movements in currency pairs. This session is marked by significant trading volumes and liquidity, presenting ample opportunities for traders.
American session: The American trading session begins with the opening of the New York market at 8 AM EST (1 PM GMT). Similar to the European session, it is characterized by high volatility and large price fluctuations. The American session is known for its substantial trading volumes and liquidity, making it an active and dynamic period for traders.
Pacific session: The Pacific trading session commences with the opening of the Sydney market at 5 PM EST (10 PM GMT). This session typically experiences low volatility, with currency pairs often trading within a limited range. However, news releases from New Zealand, Australia, and Japan can introduce temporary spikes in volatility.
Understanding the unique characteristics and opportunities of each trading session is essential for traders to optimize their strategies and potentially enhance their trading performance. Traders should consider their individual trading styles and preferences when selecting the most suitable session for their trading activities.
How To Select The Best Forex Trading Time
Selecting the optimal trading time in the forex market is crucial for traders aiming to optimize their strategies and enhance their trading performance. Here are key criteria to consider when determining the best time to trade forex:
Market Volatility: Volatility refers to the magnitude of price fluctuations in the market. Higher volatility often presents more trading opportunities, as it implies larger price movements. Traders who prefer more active and potentially profitable trading conditions may seek periods of heightened volatility.
Liquidity: Liquidity refers to the ease of buying or selling assets without causing significant price changes. High liquidity ensures smoother trade execution and tighter bid-ask spreads. Trading during sessions with high liquidity is generally preferred as it reduces the risk of slippage and improves order execution.
Overlapping Sessions : Overlapping sessions occur when multiple trading sessions are active simultaneously. These periods typically exhibit increased trading volumes and volatility as market participants from different regions are actively trading. The most significant overlaps are between the European and American sessions, offering potential trading opportunities.
Trading Style: Different trading styles, such as day trading, swing trading, or long-term investing, have varying requirements regarding trading times. Day traders often focus on active sessions with high volatility, while swing traders may analyze longer timeframes and may have more flexibility in selecting trading times.
Economic News and Events: Major economic news releases, such as central bank announcements, employment data, and GDP reports, can significantly impact currency markets. Traders who employ a news-based strategy may prefer trading during these eventful periods to take advantage of price volatility.
Personal Availability: Traders should also consider their own availability and comfort levels when selecting the best trading time. It's essential to trade when you can dedicate sufficient time and focus to analyze the market and execute trades effectively.
Day Of The Week
Price movements in the forex market during the week are influenced by the psychological tendencies of large traders. Understanding these tendencies can help traders make informed decisions. Here's a breakdown of the typical price movements throughout the week:
Monday: Many traders adopt a wait-and-see approach on Mondays. This is because important news releases in Europe and the USA are relatively rare at the beginning of the week. As a result, the market often exhibits a flat or range-bound behavior.
Tuesday to Thursday: Volatility tends to be highest during these days of the week. Traders actively participate in the market, leading to increased price movements and trading opportunities. These days are generally considered favorable for trading as the market is more dynamic.
Friday: Towards the end of the week, some traders choose to secure their profits and avoid taking excessive risks. As a result, there may be movements against the main trend as traders close positions and prepare for the weekend. It's important to be cautious and consider potential reversals or countertrend movements on Fridays.
When analyzing weekly candlestick formations, it's common to observe longer shadows on Monday and Friday. These shadows represent price movements that occurred during these days. The movements from Tuesday to Thursday form the body of the candlestick and are often more significant.
Although volatility can vary throughout the week, it is generally not as significant as intraday volatility. Therefore, traders can often overlook this factor when trading forex.
Time Frame
As the time frame of your trading increases, the importance of selecting specific trading times diminishes. Here's a breakdown of the significance of trading time based on different time frames:
Up to H1 (Hourly Charts): When trading on shorter time frames, such as up to H1, it is crucial to align your trading activities with the trading sessions, significant news releases, holidays, and weekends. These factors can greatly influence market behavior and volatility during shorter time frames.
H4 (4-Hour Charts): On the H4 time frame, only two 4-hour candles are formed during a single trading session. While the importance of selecting specific trading times during the day decreases, it is still essential to consider the timing of important economic statistics releases. Entry points in this style of trading are less frequent compared to shorter time frames like M5 or M15, requiring traders to assess market conditions 3-4 times a day.
D1 (Daily Charts) and Higher: For traders using daily charts and higher time frames, the schedule of trading sessions becomes less significant. Instead, focus on key news release dates and holidays. Traders typically assess market conditions once a day, and trading signals appear at the close of the daily candle.
It's important to note that these recommendations mainly apply to the forex market. When trading stocks and commodities, it is advisable to follow the exchanges where the highest volume of the respective assets is traded.
Economic Calendar
In forex trading, it is generally sufficient for traders to consider the standard economic calendar. This calendar provides the dates of major macroeconomic statistics, and a filtering system can help identify news with higher significance.
One particularly important day to note is the first Friday of each month. This is when the Nonfarm Payrolls report is released, revealing the number of jobs created outside the United States agricultural sector. This report is widely regarded as one of the most crucial economic indicators in forex trading.
For stock market traders, it is important to be aware of the dates of quarterly reports and ex-dividend dates. Quarterly reports can potentially lead to market turbulence, and the ex-dividend date marks the formation of the shareholder register for dividend payments. Traders often observe a dividend gap following the ex-dividend date.
By paying attention to these key dates and events in both the forex and stock markets, traders can enhance their decision-making process and adjust their strategies accordingly.
Non-working days
Non-working days in financial markets can be classified into various categories:
Global Holidays: These are holidays that are celebrated worldwide, such as New Year's Day, Christmas, and Easter. During these holidays, financial markets across the globe are generally closed, and trading activities are halted.
Local Holidays: These are specific holidays observed in individual countries or regions. Examples include Independence Day in the United States or Labour Day in various countries. On these days, the local financial markets may be closed, affecting trading activities in those specific regions.
Force Majeure Events: In rare circumstances, trading may be paused due to unforeseen events such as terrorist attacks, natural disasters, or extreme market volatility. Stock exchanges may choose to suspend trading for a few days to assess the situation and ensure market stability. However, forex trading typically continues uninterrupted during these events.
It's worth noting that even when there are local holidays, forex trading remains open. However, the liquidity in the market tends to be lower, resulting in reduced volatility. As a result, trading during such periods may be less feasible or may require adjustments to trading strategies. Holidays in the United States and Europe, in particular, can significantly impact trading sessions due to the size and influence of these markets.
The Best Time To Trade Forex : (For Beginners)
As a beginner in forex trading, understanding the optimal time to trade currency pairs is crucial for maximizing profits and managing risks. Here are some important considerations to help you navigate the forex market effectively:
Focus on High-Volume Sessions: Trading during the European and American sessions is recommended because these sessions have higher trading volume and liquidity. Increased activity in the market can provide better trading opportunities and narrower bid-ask spreads, which can be advantageous for beginners.
Exercise Caution during the Asian Session: The Asian session is generally characterized by lower volatility and liquidity. While certain currency pairs tied to the Australian and New Zealand economies may exhibit more activity, beginners are advised to approach the Asian session with caution due to the potential challenges in finding favorable trading conditions.
Monitor Economic News Releases: Economic news releases can significantly impact currency prices and create market volatility. Stay informed about key economic indicators and their release times, as this information can help you identify potential trading opportunities. Consider trading during periods of news releases to take advantage of increased market activity.
Trade Major Currency Pairs: Major currency pairs, such as EUR/USD, GBP/USD, and USD/JPY, tend to be more liquid, stable, and widely traded. These pairs offer greater accessibility and can provide a more favorable learning environment for beginners. Trading major currency pairs allows you to focus on well-established trends and reduce the impact of unexpected price swings.
Utilize a Demo Account for Practice: Before risking real money, take advantage of demo accounts offered by forex brokers. Practice trading various currency pairs and familiarize yourself with different trading sessions. This will help you gain experience, develop your trading skills, and refine your strategy without incurring any financial risk.
By following these guidelines and continuously educating yourself about the forex market, you can enhance your trading knowledge, gain confidence, and increase your chances of success as a beginner forex trader. Remember to adapt your approach as you gain experience and always manage your risks effectively.
Conclusion
In conclusion, the optimal time to trade forex is influenced by various factors, including market volatility, liquidity, trading sessions, fundamental and technical factors, and personal trading preferences. By considering these factors, traders can make better-informed decisions and improve their trading performance. It is important to stay updated on market conditions, understand the characteristics of each trading session, and adapt trading strategies accordingly. Additionally, traders should consider the impact of economic news releases and be aware of the time of day and day of the week when planning their trades. By taking a comprehensive approach, traders can enhance their chances of success in the forex market.
Zoom Inc TimeFibs RedefinedSince we're approaching the channel breakout in linear scale:
It's time to redefine timefibs to a cycle of 2 historic tops so that ATH is 0. Golden Ratio of the cycle has defined the reversal, so making rest timefibs more solid.
The channel applied here is functioning on log scale which is aimed at bigger moves, because falling 2 years straight has eliminated significant amount of bears into disbalance.
Doesn't mean that it has no odds of further falling. Obviously if the price holds in current range of these historic lows. Just like here:
Specifically, it's a challenge for Zoom to hold current levels in worsening conditions of the economy. Chances of Federal Reserve with further tightening is high.
Therefore low levels doesn't yet mean a straight growth, but we do expect the pullback of the general decline. If we look closely, we can see reverse H&S shapes but bent downwards. If that pattern was clear and not so distorted, I'd be more bullish. Now it might take another cycle as an attempt to shake more bears off the market to be able to accumulate counter incentive to initiate the pullback.
Microsoft 1H OutlookWide Pattern Coverage and Derived Price Levels:
Keeping in mind the narrative of upcoming FED tightening policy because CPI & PPI figures. Also many longer term investors were disappointed about the financial reports of MSFT CORP. This negative incentive sets general dilation of falling fractal which covers negative market intentions.
Fractal of Falling:
Net BSP (EMA Smoothed):
Constant Time Cycles:
Since a sharp downward movement has occurred I doubt that the market incentive is fully priced in. Unless price holds strong blue and does a little pullback followed by side trend till TimeFib 2.
I expect further fall to shake bears off the market to become bullish. A longer bearish wave would cover report induced sale but not recent negative economic reports.
Bitcoin Scheme XXII (Updated)Original idea:
Current idea:
This parabolic Time curve mimics the Price expansion against Time. It looks the way it is, because of natural expansion of the market and the fact that as we move into the future with overall increasing Market Cap, for making similar % like in the past, market needs RELATIVELY more resources.
For example it was easier to make 100% in the beginning just from a movement from 1 to 2 cents. Now even if a million $ gets pumped up into BTC, it will have relatively smaller % than of a decade back circumstance.
Breaking below will have irreversible damage to confidence of all involved in this market. Added general Fib Channel for projecting overall timing and levels in case of such collective desperation.
So far Bitcoin doesn't look that bad.
Replaced .414 with real fibs expect for shallowest FC.
Building next idea which will cover all spaces in the chart.
Finding support and resistance zonesSupport and resistance levels are key concepts in technical analysis, which is a method of forecasting the direction of prices through the study of past market data, including price and volume. These levels are considered to be key points at which the price of a security is likely to either find support and be unable to fall further, or encounter resistance and be unable to rise further.
Support and resistance levels are often based on historical data and the past behavior of market participants. For example, if a stock has consistently found support at a certain price level in the past, technical analysts would consider that level to be a key support level. Similarly, if a stock has consistently encountered resistance at a certain price level, that level would be considered a key resistance level.
Support and resistance levels can be identified by looking at a stock's price chart, which plots the price of the stock over time. When the price of a stock is trending upwards, the support levels are typically found below the current price, and the resistance levels are found above the current price. Conversely, when the price of a stock is trending downwards, the support levels are typically found above the current price, and the resistance levels are found below the current price.
Traders and investors often use support and resistance levels to make buy and sell decisions. For example, if a stock is approaching a key support level, an investor might consider buying the stock in anticipation that it will find support at that level and be unable to fall further. Similarly, if a stock is approaching a key resistance level, an investor might consider selling the stock in anticipation that it will encounter resistance at that level and be unable to rise further.
Because the stock market operates on a schedule, with trading taking place during specific hours of the day, it is natural for support and resistance levels to also be centered around certain times of the day. For example, if a stock has consistently found support at a certain price level during the early morning hours, that level would be considered a key support level during that time of day.
In conclusion, support and resistance levels are key levels at which the price of a security is likely to either find support and be unable to fall further, or encounter resistance and be unable to rise further. These levels are often based on historical data and the past behavior of market participants, and are commonly used by traders and investors to make buy and sell decisions. Because the stock market operates on a schedule, support and resistance levels are often centered around certain times of the day.
Pre-Halloween Idea29-30 October are important dates for BTCUSD pair according to my timing.
I will wait for that date, see where the price goes and open position according to that with tight stop loss.
I assume price will go up and this will be the short-time uptrend before the price hits the real bottom.