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Volume Profile

USDCAD - Weekly Forecast!Hello Traders! The weekly forecasts prepared at the personal request of the Trader - AdeOluseun! Dear traders, we ask you to be careful with USDCAD currency pair, as the market is currently highly overbought on daily chart and we see by means of EWA/EWP, Volume, Cluster&Delta, Market Profile analysis, that major market participants lose interest in the growth of USDCAD. But if the price decline to the Last Friday's support 1.43628, you can (with the little money) carefully buy with the hedging target 1.45014. We thank you for the positive feedback of our market analysis! Best refards, Powerful Traders.
Long
by POWERFUL_TRADERS
3
S&P500 - MONTHLY FORECASTHello Traders! The very interesting situation in the S&P500 index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT 3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L 1870.00 it's the approximately price, the accurate enter to the market, will produce by the detailed EWA/EWP on 1 minute chart, using Market Profile, Volume, Footprint, Depth of Market&Order Flow analysis) If you want to see the video of our trading, be active! Subscribe and vote for us! Sincerely yours, Powerful Traders.
SP:SPXLong
by POWERFUL_TRADERS
8
6E (eurusd) - JANUARY INTRADAY FORECAST!Hello! Happy New Year! We would like to present, intraday forecast - 6E (eurusd) on january 2016y. Methods of price analysis: EWA/EWP, Market Profile, Delta&Cluster, Volume, Fibonacci. Suppose that this week (close to wednesday), the price gradually decreases to strong support 1.07580, next we will see the creation process of cumulative delta and then expected bulish impulse! All the important prices you can see on a chart. (please pay your attention to the three variations of EWA/EWP) We wish you all the best in New Year! Sincerely your's Powerful Traders!
Long
by POWERFUL_TRADERS
USD/CAD Weekly Update (19/12/15)USD rate hike as expected, and now we are kinda in the different ball game now. In TA, I am seeing UC0.00% is being extended too fast too furious rise of this pair and it is obviously due for correction from 1.400x level. In Weekly TF, it was such as Bullish Bar, that means Bull are still in control, so Shortist have to be nimble and go with small lot as trend is not in your side just yet... 1. As long as the price is not above 1.415x 2. Better to bring trend on your side (Wait for PA becomes Bearish) 3. Sell with small lot as it is counter trend. We may see 1.341x again
by SonicDeejay
3
GBPJPY: Potential ending diagonal C at resistanceWe have a potential short setup in the Pound/Yen, where a time at mode uptrend might fail against resistance. Price also appears to be completing a rising wedge, so if indeed valid, the move down will be very sharp and lead to a retest of the lows in 1/3 of the time that it took for it to go up. I've used the futures symbols as a ratio to give me an indication of volume activity. The volume profile is a very handy tool to spot support and resistance levels, and have a good grasp of the underlying accumulation and distribution patterns on chart, if you know how to read it. You'd need a pro plus account here, but I think it's 100% worth it. Feel free to stop by the "Key Hidden Levels" chatroom here to discuss this and other instrument ideas with Tim West, the mastermind behind the core of my technical repertoire, and also a great person, trader and mentor. I'll cover this and a host of techniques over at my trading room skype group, and also via one on one skype lessons for people that are interested. The group membership includes free signals for auto trading as well. Contact me for further details. Cheers, Ivan Labrie Time at Mode FX
BShort
by IvanLabrie
2
USDMXN: Daily time at mode downtrendWe have a variety of 4h signals in this pair, which yield excellent results to the vigilant. In the daily a considerably large downtrend signal is about to confirm. I have entered a daily trade ahead of confirmation. You can enter now, before it's confirmed, because I think the weight of the evidence supports its success. As many know, I was working for a brokerage firm, briefly, but they had legal problems, so for the time being I'll go back to trading my own account only. I will continue to host webinars, and sell signals, and provide people with free and paid insights. If you're interested, contact me for more details. I'm running a trading room skype group, where I aim to train and coordinate a group of FX and indices/metals/energy CFD traders to increase our profitable trade count, as well as providing one on one skype coaching sessions. Good luck if taking this one. Cheers, Ivan Labrie Time at Mode FX
Short
by IvanLabrie
2
Ethereum: Ready for a rally?Price action suggests ETHXBT might have what it takes to take off, or to be a massive failure and a short! It needs to hit 0.0037 tomorrow to validate this emerging rally out of a very strong base, volume wise. If it manages to do it, and stay above 0.0026, then it might be the start of a large uptrend. If not, it was a local pump and it should be shorted. Resistance levels on chart, trade wisely around them. There are two time at mode trend signals which have been exceeded, target wise, which means that this rally is completely over the top. In cryptoland, this usually leads to no follow through and the coin's price goes back down, but stay vigilant, price action applies the same way to it, specially if there is higher liquidity flowing into the asset, like we have now. Anyone knows what the fundamentals are for such a take off? Feel free to comment, I'll update it as we go.
by IvanLabrie
26
Intermarket analysis: Paradigm shiftI was considering two alternative scenarios for the market. Initially I thought the Euro rally and equities meltdown had more merit, but after close scrutiny and being stopped out and thus having my EURUSD and USDCHF long and short invalidated, I realized that the appetite for risk was evident, had I looked at it without weighing in my risk off rally thesis so heavily. After I noticed that NZD and AUD could have bottomed, I published bullish charts for AUDUSD and NZDUSD. These, on a correlational basis, conflicted with my Euro rally thesis, which involved equities taking a turn south for the rest of the year, potentially well into 2016, when monetary policy adjustments would have become a concern again. This also implied that oil would have turned south, which was conflicting with an anti dollar rally of a large scale. Evidently, someone is heavily buying commodities, with gold leading the pack in terms of relative strength. The dollar remains weak nevertheless, don't let the Euro meltdown confuse you. On a relative strength basis, my analysis on the XAUUSD/DXY ratio is still valid, and lays a very strong case against broad scale deflationary woes. The dollar isn't rallying against AUD or NZD, like it has happened in the past. These commodity currencies are offering very clear signs of strength, and tempting longs on evidently imbalanced crosses if you know where to look. For now, my view is that we will see equities rally, crude not falling or rallying as well, gold and all the commodities commercials are long on rallying, and potentially very interesting trades in eur and jpy crosses. Pairing weak with strong makes for very sharp moves, so keep this in mind and experiment with ratio charts, and studies in correlation by yourself. If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee. I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details. Cheers, Ivan Labrie Time at Mode FX Analyst at Concord Bay dot com
AMEX:FXE
by IvanLabrie
6
Bulls try to climb the mountain, bears take the highway. In order for the bulls to prove their case, they must convincingly break above the uppermost resistance outlined on the chart. A stable move over $300 would be an indication that the bull trend would continue. Barring that, the prevailing trend is still down and it appears that it is going to play out as I suspected and indicated in my earlier ideas in which I made the comparison to the May-July reversal pattern which appears to be playing out here. I still don't see any coherent short-term patterns for some reason, so I'm waiting until either we can confirm the short-term upside or the long-term downside. The retracement I expected has already played out, so this is a major decision point for bitcoin, but given the rising volume an declining price over the last year, I see no reason why the trend shouldn't continue. I expect the price to rise sometime around the next new moon, at which point the bulls will be stopped and the bears will return.
BITFINEX:BTCUSDShort
by MoonTrader
4
USDJPY; Volume ProfileThis could be the wrong way to use these tools. This is my first opportunity to put them to use. Feedback is welcomed. Two Volume Profiles at work. One Fixed Range from October 16,2014 through December 7, 2014. I then drew a Fib on the 70% Value Area to determine the 50% Fib balance point. Dark blue line from far left of screen is the Fixed Range POC. Sky Blue is the 50 Fib. Volume Profile on the far right is the Visual Range Volume Profile, its respective POC is the dash green line stating 117.75 is the POC for that range. Current price is slightly below. We see the Fixed Range Fib on the Value Area has some merit as price bounced hard off the 50 Fib on December 16, 2014. Price alos struggled to break upward through the High mark of the 1.00 Fib line @ 120.29. Continued bearish behavior brings the 115.57 figure into play as a realistic near term target. Conversely, we have a 50 Fib at the 118.35 price level for this same span based on the Visual Range Value Area.
by cooney_s
2