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DOT/USDT lot of mess for a simple double top😆Hello traders and investors😄, Had a little fun with this one. Sorry for the mess, but it is meant to be simple : DOT USDT breaking out to hit a double-top, then reach a new highest high either now, or after reconsolidation. ~entry now, (38.0) ~exit 42.0 (watch for a new high is possible though) ~stop loss 36.9, 36.5, 35.5, 34.0 This is just an estimation, a chart of possibilities. Please trade at your own risk! Jazerbay 💕
by jazerbay
8
LTC: The Calm before the StormLTC is now trading around a very critical level. Thus, a Long position can be easily spotted for several reasons: 1. Fibonacci Retracement: Price is around 61.8% which is a very important level acting like a support here. 2. Formation of Pattern: A double bottom could be formed in the next few hours and it is clear that if the price rejects the 61.8% it means that a DD has formed on the hourly timeframes. 3. Cryptocurrency Influence: Cryptocurrencies and especially BTC and ETH are far from the selling idea, adding more confirmation into traders minds that cryptos are never to be sold. Will it bounce back as the speculations are for the other cryptocurrencies ? Time will tell. Trade Safe and Best of Luck ! MacroForex
COINBASE:LTCUSDLong
by Therealsmaira
2
LONG POSITIONThe Bank of England (BoE) is scheduled to announce its monetary policy decision at 12:00 GMT this Thursday. The UK central bank is widely anticipated to keep the key rate steady at 0.1% and maintain the size of its Asset Purchase Facility at £895 billion. The only thing that the market will care about is the BoE's assessment of the current state of the economy and the recent volatility in bond markets. If you find this helpful and want more FREE Updates on TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ 1_GFX English Support Team ❤️
Long
by AFFINITY_MARKETS
True story. My Single put option "2 contract" both down/SPX downWhen i did my idea about the completion of an Elliott wave structure with 5th wave 1.61 Fibs of wave one i decided that i would buy small 2 SPY single Put contracts just satisfy my "bias" and my "emotion" toward my Elliott wave count as a worthy trading strategy. So i bought April 16 2021 + March 31 2021 just before the last price action we got in the past 5 days or so . A prefect timing to say the least to test the market and a perfect timing to buy single Put to say the least. Even though i new stimulus is coming soon and this could be another buy the dip pullback but i did it any way regardless of the huge risk if i actually have invested allot of money or bought allot of contracts. Therefore, when we got the recent pullback i opened my account and guess what i saw. Both of my "Single Put contracts" are down 41 % % 49 % and that's was at the bottom around 3800. Just imagine the situation the market is in ,SPX is down around 3 % and you hold single puts you bought just at the top, and at the very bottom your down more than 40%. Well the only thing i concluded from this "test the market" kind of style trading is at 3800sh i came to the conclusion way before the move of spx higher that this is "Buy the dip" pullback, because there is no way that we are correcting and my puts will go down in value instead going up in value and big investors regardless of their different kinds did not buy insurance what so ever for any possible correction. The only thing i should've down is to buy single Calls to see if they have increased in value or no, i guess the should've increased in value if this was buy the dip pullback because the new where the market is going. I have never tested this strategy before, but from my understanding that some big investors use it with single stocks not with SPY like me or ETFs for that matter before they decide to hold big chunk of it. I hope you can take a way something beneficial to you trading strategies or you have learned little something from my live example of a true story of mine. Wish you all the best.
SP:SPX
by samitrading
4
My Idea on ASX:HUM in one single chartI have been monitoring this stock but at the moment I can say that it is was only humming but looking at the chart and on the well known structure (Cup-and-handle), I can say that this stock is about to scream instead of humming. i will keep an eye on it. The only issue it is not hype like other BNPL but it is catching up slowly. we may see a big move in next few days. According to my other indicators, it is a buy on low time frame swing trading but, if the Cup-and-Handle plays out, it may be another multibagger on my watchlist. I will keep you posted if anything interesting pops up. If you like these TA, please smash the likes. Peace and Love. XTF
ASX:HUMLong
by xtf_ze_trader
Market moves and it's PsychologyThere's a great image available if you just search in Google - look for "The Wall Street Cheat Sheet" - Markets move in cycles, which is built on human emotions. There's plenty of research available on this. If you look into anything like Elliott wave theory, Gann fans & boxes, Wyckoff or simply Fibonacci, you will find (in the end) it's all based on the psychology of human behaviour. Driven by greed, fear, stress and euphoria. Understanding this will help with the very fundamentals of trading. With proper risk management applied, traders can profit from the market with a shoddy Hit rate. Providing their edge is accompanied by good risk management. How often have you been in a losing trade & moved the stop loss? Added to the position? Or in a winning trade, bailed and seen the price move another 10, 20 or even 100 pips in your direction??? Below is a set of images breaking down the market moves in simple terms. For clarity ***This is NOT an in-depth breakdown of strategy, it's not the correct application of Elliott, nor Wyckoff. It's a simple post to get you, the trader thinking beyond just the trade ***. This image above shows the emotions as per the Wall Street cheat sheet. (Go google) Apply some logic to the chart - Look under the hood. Here you will see a basic Elliott wave structure playing itself out. This can then be broken into smaller pieces, like this below; It's almost like going from a Telescopic view down to a magnifying glass. You can see the price move up & consolidate, price move up and consolidate. This is all about timing. Trying to breathe with the market, or at least understand a little of it's cycle. Same applies on the way down. Again, there's a lot of information available on the Bear moves over the Bull moves and how they have different characteristics. But not for this post. Now let's look inside the top - the consolidation of the peak. Think of as simply as - some people have made enough profits from the move up & are selling their positions in vast quantities. There is some great content available on Wyckoff and the theory of composite man. But even at a simple level the basics can be explained as follows; 1) Buyers climax - Profit targets hit. 2) Automatic reaction (lots of selling at the same time) 3) A move to the upside to fool people into going long & collect liquidity at a better price for a move down. 4) Range bound moves - market manipulation (collecting positions ready for the short) 5) weakness - a first test to see the response of the market - also to push back long collecting stops of the eager beavers shorting. After this there are a couple of concepts - but you get the idea by now. You will see this type of structure if you zoom in a timeframe or two. Inside of the structure you will see the list above and how it relates on a chart. Like I said, this is not an in-depth strategy or breakdown of Elliott or Wyckoff. It's just putting the pieces together and to show how powerful tools can be to understand the market cycles. Obviously there's much, much more to understand before you jump into a trade using either Elliott or Wyckoff. But I hope this helps. Please feel free to send questions & like the post below. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
BITSTAMP:ETHUSDEducation
by Mayfair_Ventures
37
Trade Set up See here I have made major support and resistance lines in a 1 hr Chart for Nifty. As you can see 14347 to 14443 (86 Points ) zone is a painful one. Markets can be very volatile in this range hence for this zone best will be to use an option hedging strategy, do not take a directional view in this range. Also, keep an eye on the support trendlines near closing i.e 14371. Closing below support Trendline line (Retest may occur or not I can't predict if it does and again red candle forms then markets will definitely touch 14222 and then to next support ) will cause some selling. Use these support and resistance and trendline to enter trades. In terms of going long look for trendline breakout in 30 or 15 min candle. Remember as markets fell heavily on Friday therefore general trend in the retail trader is to short the market. You shouldn't be impulsive in shorting, always wait for confirmation don't get trapped on any side, try to read the psychology of 90% of traders, and smartly make your move. See those who missed the rally will always come to buy at major support levels, hence you can use these to do scalp trade on the buy-side too to earn quick money till budget during intraday.
NSE:NIFTY
by vivekz_142
2