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Idling in between Signals📰 We are currently in an Idling position - THERE ARE NO SIGNALS - all trades are currently closed as we are observing the charts, and active movements. We see reasoning for both a 200+ spike up, and both a retracement down to $22,400 BTC. We do slightly lean towards a liquidity claim down to $22,400 BTC - BUT statistics show NO advantage in either direction , so we are still objectively NUETRAL - with personal observations leaning towards the 22.4 liquidity claim. ❗ DO NOT TAKE THIS INFORMATION AS AN ENTRY ❗
by VirlVideo
XLM Trade SetupMarket has been green over the past three days ! so good to see these kind of rallies after a long time. Moving to the XLM chart ! here's the thing, the pattern you are looking in the above chart is known as cup and handle pattern. As we all know BTC had broken it's range high in which it had been traded from the past 28 days, adding to this XLM had broken this cup and handle pattern and coming back to retest the breakout area. Here's what i think, my final target calling is 11% up from hereon therefore target price falls under $0.119 to $0.123, when can you enter the trade? Ofc you can enter right now as it is trading at the local support but one thing to keep in mind is observe the volume if not you can wait for it to come towards the breakout zone, but make decisions accordingly and also not to mention that my stoploss is below the breakout area, i hope you know trade management so that if the breakout fails you can cut your losses. Note : Anything provided here is not a financial advice, trade upon your own risk.
Long
by Livermore_Jr
3
ADA Trade SetupCrypto Market is in consolidation phase lately, as we know during this consolidation phase more likely assets form either continuation patterns or trend reversal patterns ! Here ADA against USDT forming ascending triangle pattern, indeed we can have breakout either way but IMO the breakout is likely upwards and it's interesting to make note that BTC experiencing huge sell pressure as of now! Even though many ALTS are forming bullish patterns it's upto BTC to make them work. But like I said let's just not try to predict the market move, Let's just read the market and wait patiently for the market to make the desired move so that we can enter the trade.
Long
by Livermore_Jr
3
USDJPY Rally Slowing Down; Get Ready to Go ShortThe USDJPY rally has a bit more gas in the tank than we first thought. But the 5 wave impulse that we were tracking is developing nicely, and still appears to be running out of steam. Here is our updated analysis on the lower time frames: we have a 5 wave impulse that is nearing completion (at multiple wave degrees). And even better: what pattern appears to be developing? Another triangle! If you saw our previous post on this pair, you know that we love to see triangles on the chart, as they are indicative of a trend change. So in this case, we are expecting a small wave up to new highs, after which a swift reversal should occur. Price must remain above 138.56 for the triangle interpretation to remain valid. If this wave count plays out, we will have significant opportunities to go short this pair. Let us know what you think! At Parallax, we focus on wave analysis and 1-on-1 education to build a foundation of skills that give our clients the edge. We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates
Short
by ImreSG
PCX Falling wedge and major trend looking to break bulliishHere is a Kucoin Banger for you folks, One thing I like to remind my students in our VIP group about these Kucoin spot trades (especially the coins with low liquidity) is to layer your take profit area's. Since Kucoin doesn't allow for a stop loss and a take profit to be placed parallel to each other on a single trade, its more important to have a stop loss in place and just put alarms at your TP zones and start closing some of the trade along the way when they go off. After the price action breaks above the top green trend line you are in a lot safer of an area to set your TP's and to remove your stop loss. This way if the TP's are hit while you are sleeping you can get your pro's. If you do set up your take profits on your trade, make sure to layer them with limit sell, especially with a low liquidity coin. This should help you actually get your orders filled. Major buy candles are coming in on this one, it seems to be in a clear wedge and bullish divergence coming in strong. Time will tell but, we also have a lot happening this month with a possible negative GDP for a second month in a row and officially starting a recession, the FED with another rate hike... likely to be .75bps and one the 13th we will have the inflation reports coming out from last month as well. Personally, I do see Bitcoin eventually decoupling from traditional markets and showing up to the party that it was made for the more and more inflation keeps getting out of hand. Have a green week my friends! Savvy
PLong
by Savvythe1
AUDCAD - Where to next?Happy Sunday! What I like to do on the weekend as the market is off, I analyse the market and various different assets LT & ST positioning, it will then be noted and I am ready for the week ahead. AUDCAD - It's brewing its one I did share and I am sharing it again on Trading view, it's a break to either direction, which makes great trade for next week! Be careful data wise regarding AUD. I've had questions regarding what it takes to become a trader? I will answer that here and I have answered that on my other posts and videos take a look but lot of people thinks its an over night change, they have large ego think they know it all when in reality it takes yrs of back testing your strategy, executing that plan precisely and then you got the psychology side in which people don't believe it exist but those that don't haven't really been in the game long enough. So, overall my answer is you aren't going to become a millionaire over night and you won't find many of the answers on various social media platforms either. For example one could say go buy X but they don't know what price to get in or even the reason why or stats behind it. There are great books based on various assets would be great start and then implementing strategy, that can be learnt by getting coached by real trader, yes it cost extern capital and when I mean real trader not those '3' days courses... There is not one set way of trading and that what makes trading amazing. Also, Bloomberg and CNBC IMO it's a throw off and doesn't help either it's same as trading signals, that doesn't help either. You got learn hard way to achieve great level of success and lower your ego and that is with anything. Lastly, yeah there will be people mocking you ' you want become trader' but it is possible when they mock, its just there large ego. Trading is bit like sports. Create your edge today! All the best, TJ
by Trade_Journal
MOUNT EVEREST TRADEThis is the Master Jedi Trade. There is genius in simplicity. The market has a cycle just like the seasons. The market always moves in angles and the software has pre determined areas that it will stop at to accumulate buy and sell stops to balance. The market balances more than it moves vertically. Therefore to simply buy at the top and sell at the bottom is a great framework to begin to build your trading strategies. This trade is formulated on this fact that when price and time meet they produce STRUCTURE indicated by wicks. Therefore when we see candle formations at these areas of structure notated by WICKS we can ANTISCIPATE the move before it happens. The market is all of the confluence you need to enter a very high probability objective trade and to build objective trade strategies to extract as many pips out of the move as it will give. The key to knowing when the market is ready to re balance is to study prior price action and look for areas where price has respected before. Macro Pivot Points. This trade will give you the WHOLE ADR or 2. That's why Pro Traders only need to trade once or twice a week. Compounding is Magic. Never over leverage. Always trust your trade set up. (But Be Flexible) Have Fun! I AM Pro Trading Made Simple
Short
by Master-Jedi-Trader
Heikin Ashi Trading SetupBYBIT:BTCUSDT Here I have shown a Heikin Ashi Trading Setup. I'm using forementioned candles, with smoothing, and a PMARP signal to confirm entry (Long or Short) positions. For the PMARP I give full credit to Eric Krown and is linked in this published idea. I've adjusted the settings to give a cleaner look and to use only the relevant information. Trading strategy is anchored to the chart, but here it is again: STRATEGY RULES - Heikin Ashi Candles LONG Wait for BUY signal, then wait for candle to close Next smoothing bar or 2nd should be BLUE PMARP must be on OR above 85% SL on bottom of bar before BUY candle TP on SELL candle or first YELLOW candle SHORT Wait for SELL signal, then wait for candle to close Next smoothing bar or 2nd should be YELLOW PMARP must be on OR below 15% SL on TOP of bar before SELL candle TP on BUY candle or first BLUE candle STRATEGY RULES - PMARP Once candle chart prints a BUY signal, wait for PMARP to be on OR above the 85% line Once candle chart prints a SELL signal, wait for PMARP to be on OR below the 15% line This seems to work well in backtesting on lower time frames such as 5M, 15M, and 30M. I'm using this for scalping/day trading so haven't tested on longer time frames. Good luck every *NOT FINANCIAL ADVICE*
by adf789
4
Understanding The Trade is Deeper than StructureThis is an overall look at how I see the market. Knowing market Mechanics is knowing WHY the market moves. To trade consistently in the Forex Market Snipers study what we trade. We learn their moves and patterns. As we gain knowledge and gain history with this pair we begin to understand WHY and what TIMES of the day it moves. We then devise strategieS and formulaS so that when we hunt we come back with the prize every time. The Mount Everest trade is that trade and it happens in the FOREX MARKET often. This is the set up. The Morning Zone will trade into buy side liquidity. Look for Wick Exhaustion. Your favorite bearish candle patterns will present. Once the rest of buy side liquidity is taken out EURO will drop. 10am London Payout. There will be two opportunities to take long trades before price begins to look for sell side liquidity and short imbalances to fill. Without a narrative to any trade set up you are blind trading. Your why must always be deeper than just structure. Never Over leverage. Trust your trade set up. Have fun! I AM Pro Trading Made Simple
by Master-Jedi-Trader