4H EUR/USD: Range Trading
Range strategies are used when the market lacks direction
Find support and resistance to define your range
With any strategy manage your risk in the event of a breakout
Support @ 1.218
Resistance @ 1.25ish
Tradingrange
Historical Bear Run, today's Trend LinesDear Traders,
As we continue to analyze the previous bear run of 2013/2014 on today's market we can only marvel on its beauty and the quantity of similarities that are flourishing.
My Trading Ranges are: Max (11,4-11,9), Min (9,6-10,2).
Due to strong bullish signals from my favorite indicators (specially today's Ichimoku (10,30,60,30) TK_Cross) I'm still skeptical on the idea that the previous bear run can give us such a predictable path. But until we don't see a change of character on the BTCUSD market I will continue to keep an eye on this graph.
Have fun and take care out there, it's a dangerous land.
S.
The Trend: EP8 -- Building SupportsHowdy Yall!
On this episode of The Trend we take a look at how an asset sets up a foundation for further moves. Its important to understand some of the psychology which applies to both traders and investors when evaluating an asset. Here we look at BTC and its current trading area along with historical trading area's for comparison. Several times throughout the video I use terminology which is "borrowed" from Wyckoff analysts. I would like to clarify that I am using these terms as "explanatory" terms and not necessarily as the professional definitions for them (although most do fit, just by nature). Thanks for taking a look!
I hope you all muck up a chart showing off what you think will happen, and feel free to post that chart back here!
Deviatrix oscillator strategy for trading Bitcoin by JomySomething I spun up last night. Why "Deviatrix"? It sounds sexy and it's based around price trading range deviation. Buy signal is when green is over red. Red is designed to meet green quickly when it senses changes (danger) in the trading range and hopefully get you out of long positions a day before the quick dump offs. It's been tuned to trade bitcoin, and there are no guarantees this will ever work for you or keep working if it does work, but it might be fun to try. It may work on 4h bars too, but 1d is best. For entertainment purposes only.
Quantum rally or dumpQuantum was trading in a range. It broke out and has a good potential. It is now testing the upper part of the previous trading range. A few scenarios now are moon or dump. If it closes below the yellow line it could go back to the lower end of the previous trading range. If the upper end of the trading range supports it, then quantum could go to the following targets. mid term and long term. so the next 2 hours are decisive on the 4h chart.
purple: resistance
yellow: trading range
orange: uptrend
arrows: targets, mid term and long term
trade smart!
Short USDCAD in trading rangeGreat opportunity to go short on USDCAD Daily chart.
USDCAD is moving in a trading range, let's try to earn from this situation!
Nice risk reward ratio
GBP/USDIt appears that a solid bull trend is forming on GBP/USD, ending the trending renge between the 1.33 and the 1.30 area started in October. The brakeout of the 1.33 area will be the signal for the buy. Then the next two resistance will be at 1.346 and 1.362.
USDJPY : Trading Above Resistance USDJPY has broken out from trading range of last 7 Days.
One can initiate long position around 111.85 with Stop Loss of 111.50 for Target of 112.35-112.50.
GOLD Trading Forecast UpdateGold almost touched our target at 1193, managing to bottom around 1194 area.
Looks like trend is going up already.
Happy trading everyone!
Entered MNK 50.12 Support of Trading range, new trend potenialBough the possibly* weekly false brake(*will see at weekly close) on the support of the trading range.
Very similar to my previous MOS trade, will link to it for reference.
Hoping for a push higher and if closing above 80 area, a possible upgtrend follow-through, surpassing MOS trade results.
USD/CNH, DAY CHART, SHORT (18-FEB-2017)From the Price Action, it is quite obvious that the
selling pressure is greater than buying pressure now.
Overall, we are bearish on USD/CNH
Here are 2 trading plans for you:
1. Wait for bearish signal to short
2. If price pull back higher to Resistance Zone,
wait for bearish signal to short :)
USDCAD Long for when it breaks below the trading rangeI looked closely at the zone at the bottom of the trading range, but felt it had traded at that price point for too long and ultimately dismissed it. I'm estimating that the Daily Demand will eventually be broken...
two buy set ups are shown. Trades are in for both.
MOS Bargin PriceBuy the reversal back to the trading range,
if strong follow-through continues,
then we want to see the break of range and pullback to range high,
then high potential for trend continuation.
Huge Potential Runner alert - Powerful Breakout of TRRemember to manage your position, take your profit and add when its right.
if all goes well, enjoy the ride, highly likely we will need to fasten our seat belt with this one.
Swissie ready to break out of trading range?USDCHF continues to trade sideways for 2016. We've just had the US elections. Will this be a catalyst for a breakout of some quite frankly boring trading? (if you're a trend trader). I still maintain that we should see higher prices to come in the longer term. Whether that will happen now or perhaps the start of 2017 is anyone's guess..
XAGUSD - Bullish - Long at TrendlineIf price retrace to 50/61.8 fibonacci, great opportunity to join bullish market, ideally among trend line (projection @50.0%), price likely to consolidate at 21.100.
Short trade set-up on DOW JONES on the 4H chartPrices are on a trading range after a strong move down.
A Bat pattern is formed on a key resistance level.
Price Action is showing weakness.
At the bottom of a weekly trading rangeCan the Cable finally recover from its free fall? The $GBPUSD reached the bottom of a weekly trading range.
We have an hourly pattern that may trigger the reversal. See this setup and more in this week's Weekly Markets Analysis newsletter:
marketzone.tumblr.com
Subscribe so you won't miss a thing!
