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Wave Analysis

If you want to succeed-you must read and review every Thing Hereust browsing through my analysis means a lot to me. ➡️ Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied Always enter into deals when there are more than 5 reasons combined -------------- Golden Rule's Top 10 Rules For Successful Trading 1: Always Use a Trading Plan. 2: Treat Trading Like a Business. 3: Use Technology. 4: Protect Your Trading Capital. 5: Study the Markets. 6: Risk Only What You Can Afford. 7: Develop a Trading Methodology. 8: Always Use a Stop Loss --------------------- Diamond Rules 1. Choose the Right Broker 2. Create a Strategy 3. Start Gradually 4. Keep Your Emotions Under Control 5. Practice 6. Analyse Everything 7. Be Realistic 8. Educate Yourself! 9. Take Breaks 10. Trends Are Good for You 11. Choose the Best Trading Conditions 12. Plan Every Trade
BITSTAMP:BTCUSDEducation
by GoldenEngine
15
BUYING THE DIPS Made SimpleBuying dips can be tricky, the issue is knowing if it's an actual dip or a full trend reversal. I used to think buying at a lower price to double down on an investment going the wrong way was a good idea. However, after reading a book called the Zurich Axioms by Max Gunther - the penny actually dropped. In essence, profit is profit. It does not have to be made from a stock or instrument that you are currently losing. Know when to run, when to cut losses and when to stick with it. Unfortunately by the time you understand true hedging techniques, you will be too late. Kenny Rogers said it best - "You've got to know when to hold 'em, Know when to fold 'em, Know when to walk away, And know when to run" I highly recommend both the Zurich Axioms book and a listen to Kenny Rogers - The Gambler. The logic behind buying the dips 🍒 Buying the dips refers to going long an asset or security after its price has experienced a short-term decline, in repeated fashion. 🍒 Buying the dips can be profitable in long-term uptrends, but unprofitable or tougher during secular downtrends. 🍒 Dip buying can lower one's average cost of owning a position, but the risk and reward of dip-buying should be constantly evaluated. Simple Ideas for buying dips Use an arsenal of tools to help you spot opportunities. You will see in this image RSI and MACD have different ideas - there is no wrong or right, it's up to you to work on the things that work for you. However, you don't want tools that either do more or less the same thing or conflict. So as per the first image - using a moving average for (up or downtrend) this could be a larger period such as a 200. Envelopes Utilizing envelopes of sorts will help visualize channels - this could be tools such as Bollinger Bands or Regression channels. Much like Moving averages - you won't need both and there are thousands of tools I have not used. So you need to experiment with something that you like or suits your needs and style. Like all trading strategies, buying the dips does not guarantee profits. An asset can drop for many reasons, including changes to its underlying value. Just because the price is cheaper than before doesn't necessarily mean the asset represents good value. Trend lines can be very subjective and educators and mentors teach them in a million different ways. They can be used, but again - back test and find what works for you. - you can see the difference between a simple trend line and conflict with Bollinger; this is what causes doubt. The subjective trendline says one thing and the calculated/measured tool says another. Which do you follow? The problem is that the average investor has very little ability to distinguish between a temporary drop in price and a warning signal that prices are about to go much lower. While there may be unrecognized intrinsic value, buying additional shares simply to lower an average cost of ownership may not be a good reason to increase the percentage of the investor's portfolio exposed to the price action of that one stock. (Investopedia) 🎲 If trading stocks there are other tools available that are not accessible in trading currencies or other instruments - things like EBITDA or P&L sheets to give further confirmation of continuation in the trend. ISSUES As many new traders don't yet understand the losses are part and parcel of trading, seeing your account in red plays on the human emotions (we have all been there) and this makes us do crazy things - doubling down on trades, adding more money to avoid margin calls, buying into a losing trade again and again. I wrote an idea recently on how the mindset is represented on a chart.(click for post) Simplicity You can use simple price action to spot key levels - over the years one thing I have found is levels such as Order Blocks and imbalances. Plenty of info online for this - no need to go into here, save for another post, Then when combined with regression channels you can start to paint "expected" levels of interest. Just to show an example I have added EMA, Bollinger, Hand drawn regression and an imbalance level. 🔢 Elliott Wave Theory 🔠 Another awesome tool for finding directional bias - If combined with other techniques, indicators and tools, this can be mighty powerful as a whole. A simple explanation of Elliott wave from another previous post (click for post) - In Summary - you need a belief and a reason that you assume the stock is going higher. It does not matter if it's SPX, Bitcoin or Apple. Secondary you need a directional bias confirmation such as a 200 EMA. I would say to include an envelope (channel) of some description, Something to help you confirm the trend (Elliott) for example. And then a trigger, this could be a candlestick formation, an RSI or MACD overbought/sold signal. Something that suits you and your style. I hope this helps. Be great to get other ideas, comments or strategies from others below! Have a great weekend! 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.
Editors' picks
NASDAQ:TSLAEducation
by Mayfair_Ventures
204
Elliott Wave TheoryElliott Wave Theory What is the Elliott Wave Theory? The Elliott Wave Theory came from Mr. Ralph Nelson Elliott in the 1930s. The Elliott Wave Theory said that there are five waves in the main trend with three waves in a correction. The smaller patterns together form the bigger pattern. Pattern Identification Wave 1, 2, 3, 4, and 5 run in the direction of the main trend. Legs A, B, and C form a correction pattern. Wave 1, 3, and 5 are impulse wave, which makes advancement in the direction in the current trend. Wave 2 and 4 are the corrective wave that travels in the opposite direction of the main trend. Variation of Wave 1, 3 and 5 Legs A, B, and C are corrective waves following the 5 waves in the main trend. Leg B may appear in numerous variations. Leg B may have more than one rebound peak, and when that happens Leg C may be delayed. Leg B peaks may be high altitude or low altitude peaks. Leg B may appear in the form of bottoming patterns; however, the downtrend may follow in the form of a Leg C. Variation of Leg B Leg C may be a short or a long wave. An additional Leg C may follow immediately. The additional Leg C may be delayed if Leg B takes longer to complete. Variation of Leg C A truncation wave is usually a wave five that fails to move beyond the end of wave three. A truncation happens with uptrend and downtrend. Interpretation of the truncation varies in different charts, but a truncation may indicate a reversal is due, but not always. Benefits of the Elliott Wave Theory The Elliott Wave enables traders to make better price predictions and improve trade decisions. Knowing that Elliott waves 1, 3, and 5 runs in the direction of the main trend, then trading in the current direction of the security may sometimes be a more favorable bet. Knowing that Elliott wave 2 and 4 are corrective waves of the current main trend, then a trader may consider profit-taking. Knowing that Legs A, B, and C are corrective waves, then a trader may consider trading in the opposite direction of the previous main trend. Knowing that the truncation pattern is forming, this may be an indication of a possible trend reversal. There are risks involved in trading. Each trader has different risk tolerance. Knowing which Elliott wave the security is currently trading in may help the trader decide which direction to trade. Trading in the direction of the waves may reduce the trader risks. Thank you for reading! Greenfield Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
NYSE:NIOEducation
by GreenfieldAnalysis
6
📚 What To Look for When Charting Here is a chart of EURCAD. There were various opportunities available both short term and long term. Once you can identify chart patterns, you can easily anticipate where price will go next. A great chart pattern that I always use is flags - Bull Flags and Bear Flags. In the chart you can see that many times price impulsed and then created a flag and then carried on with the move. Flags can be found both in higher timeframes as well as lower time frames. Be sure to look out for them!
Editors' picks
Education
by WicktatorFX
12
THE SINE WAVE MARKET THEORY TO PREDICT TOPS AND BOTTOMSOkay, let's get straight to it. In physics and mathematics, a sine wave or sinusoid is a mathematical curve that describes a smooth periodic oscillation. Key Points: You only need to understand 3 concepts about a wave: Waves are described using the following terms: Peak – the highest point above the rest position. Trough – the lowest point below the rest position. Time period – the time taken for a full cycle of the wave. Usually measured from peak to peak, or trough to trough. Source: BBC Let's apply it in the financial markets: Peak = Top Trough = Bottom Time Period = The time taken for a complete market cycle. TRUTH IS YOU DON'T NEED FANCY INDICATORS. Using these three key information, you can detect the top and bottom of any market given it forms one full cycle. Apply it and backtest it. Lemme know your surprises.
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BITSTAMP:BTCUSDEducation
by filagotnochill
44
BITCOIN OR ANY MARGIN TRADED COIN - HOW TO SCALP TRADE Dear Traders and Hopeaholics alike, HOW TO SCALP LIKE A PRO - NO BOTS, NO SCRIPTS, JUST UNDERSTANDING HOW THE INDICATORS CAN BE USED. As the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short) , you are NOT going to laugh at this strategy... BECAUSE USING THIS... YOU... YES YOU... will be laughing all the way to the crypto bank!!! HA HA HA... I hear you... this works! And the strategy is FREE, no paid course, and simple to use! WHAT YOU NEED 9 AND 21 EMA (EXPONENTIAL MOVING AVERAGE) 100 AND 200 MA (MOVNG AVERAGE) A MARGIN/LEVERAGE TRADED ACCOUNT. PAID TRADINGVIEW PREMIUM VERSION ALLOWS YOU TO SET AN ALERT ON THE CROSSING OF 9/21 EMAs - I HIGHLY RECOMMEND AS IT WILL PAY ITSELF OFF IN NO TIME!!!!! These trades are best on 15min chart as it gives stronger confirmation on the direction. They are also best when 100/200MAs are situated above or below the wave formation. When MAs are tight to wave formation there is a high risk of entering a scalp as the direction is uncertain. Always wait for confirmation of the 15min EMA indicator cross. YOU MUST USE A STOP LOSS!!!!! Scalp trades at any time are high risk as the market direction is not confirmed in correction zones. It is a way to make DOLLARS in an uncertain market, as you can see on the chart, trades are flipped LONG and SHORT as the EMAs cross. As explained and you can see in the example it is a higher risk when MAs are crowding the waves. Be careful of over-margining/over-leveraging your trade, as the margin for any error can be affected with any wave move. FOR BEGINNERS - I recommend commencing paper trading your entries and exits to gain confidence without risking your capital to commence with, we want you to be successful and making $$$ ************************************************ When trading, always know you are in control 100% as you are pushing the buttons, and it is YOUR money/cryptocurrency you are trading. BUT let me tell you this... at HOPEAHOLICS ANONYMOUS and in my world... ANYTHING IS POSSIBLE!!! SHOOT FOR THE MOON - EVEN IF YOU MISS YOU'LL LAND AMONG THE STARS, BUT AT THIS STAGE I AGREE WITH ELON AND THINK WE ARE ALL HEADED TO MARS!!! ********************************************** If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns. So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED! And remember, there is NO RIGHT OR WRONG in trading - just money management! REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not a financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3 THE ONLY WAY TO MAKE MONEY - IS TO MAKE YOUR OWN!!!
Education
by LisaNEdwards
80
Education - How does a bubble develop and what are the signs?Preface: This learning content or information is merely my experience, or are those techniques that I use or find useful. The beauty of technical analysis is that an analysis or forecast can be made using many different approaches. These differ in effort, approach, tools and technical approaches. However, I think one thing is important: Keep the chart as simple as possible, try to see what is obvious and work with as few tools as possible but as many as necessary. If you base your analysis on what seems obvious, it is likely that many other traders will also see it. This in turn would support a movement in the predicted direction. = Self-fulfilling prophecy -> Examples: Moving averages, Fibonacci retracements, Simple formations etc.... ________________________________________________________________________________ Remark: This is supposed to be a small help to identify signs of a bubble formation, I must absolutely note that a lot of experience and knowledge is necessary here, which I can not convey in a hurry, as this would definitely go beyond the scope. Just try to analyze the BTC rise of 2017 with the help of these signs, or even the current rise. What is a bubble ? A bubble is usually easy to recognize in retrospect, a lot of green long candles, few red candles, until usually a high point. Then lots of big and long red candles and few green :) But how do I recognize a bubble while it is forming? Important: Please read through the wave age tutorial I wrote beforehand, this understanding is needed to continue here. If a trend does not consolidate sufficiently, but on the contrary shows shorter and shorter consolidations, rises faster and faster and ideally is still fueled by media interest, then these are the first signs of a bubble. (See bar in the chart) Within a trend, the price must consolidate sufficiently after a rise (to go into this in more detail would go beyond the scope). If now the trend in the period under review over the zenith, so after eg 6 waves, a new high and then further waves, with steeper and steeper price increases, so a bubble is to be assumed. The price MUST consolidate sufficiently to be sustainable. In the weekly, we can see that the price is moving further and further away from the standard SMAs (20,50,200) until it reaches an unnatural distance, which also indicates that the market may be in a bubble. As soon as such signs appear, it is important to set very tight stops, as it can come to an abrupt end. Summary: -Ever steeper rises -Ever shorter consolidations -Distance to SMAs is becoming uncharacteristic of the market Bonus: Media coverage of the asset Annotation: Since the weekly chart is shown here, it is not possible to see how the price reversal occurred. A SKS formed in the H4 , this was the beginning of the end of the steep rise. Also today, we have the same signs as 2017, to note was the very strong and violent reaction , this does not mean that the course will now immediately sink it can go before still on 60.000 , 70.000 or even more high, from my point of view, the current consolidations were not sufficient, I have this in mind when placing a stop __________________________________________________________________________________________________________________________ If I like this kind of tutorial, so leave me a like there and follow me. If there is enough interest I will post more tutorials like this in the future Best regards and good luck DCT Trading
COINBASE:BTCUSDEducation
by SystemTrader-SNP
3
ONE THOUSAND TO ONE MILLION IN CRYPTOCURRENCY TRADING STRATEGYDear Traders and Hopeaholics alike, as the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short), yes I know you are going to laugh at this strategy... many have, but it is me having the last laugh HA HA HA... I hear you...but this works! And the strategy is FREE, no paid course, and simple to use! THE ONLY WAY TO MAKE MONEY - IS TO MAKE YOUR OWN!!! Let me break it down, it is a COMPOUND TRADING STRATEGY , based on 3% minimum PROFITS with a strict 3% maximum STOP LOSS . The 3% stop loss is where some traders laugh, (HA HA but again I am the president of HOPEAHOLICS ANONYMOUS so please keep laughing it is good for the soul) When applied correctly at the cross support entry on bounce there should be a minimal loss. You MUST include the wicks when drawing your diagonal cross supports, it is again essential for this strategy to work in the high volatility cryptocurrency market. I recommend setting an OCO order, this stands for ONE CANCELS THE OTHER. You have stop-loss protection and sell order and can go about living your life. As you can see on the chart cross-supports are drawn from 2 intersecting diagonal supports crossing, this forms a stronger support zone and for this strategy to work, we need a minimum bounce of 3%, yes 3% compounded per day will give you ONE MILLION DOLLARS in around a year with the occasional 3% loss. This is not about winning every trade, it is about having the discipline and strong money management, not chasing trades midwave, having patience for the entries to come to you. 3% IS ACHIEVABLE IN ANY MARKET - BULL OR BEAR! The beauty of a bull market is we can target resistance regions, in the case study shown here this is a 50% move, broken down into dollar value, starting with $1,000, this trade would have gained you $500 in profits bringing your capital to $1,500 which would then be compounded into the next trade. This theory gets harder as your capital grows, as market liquidity can be an issue, and your funds will need to be divided into several trading positions. BUT with each minimum 3% trade you are one step closer to your MILLION DOLLAR GOAL. It can be optimal to watch indicators such as the RSI and MACD, but not essential for this system to work, when both are as shown the chart patterns will give greater trading percentages, but as I said not necessary as we are only trying to achieve 3% per day. FOR BEGINNERS - I recommend commencing paper trading your entries and exits to gain confidence without risking your capital to commence with, we want you to be successful and making $$$ ************************************************ When trading, always know you are in control 100% as you are pushing the buttons, and it is YOUR money/cryptocurrency you are trading. BUT let me tell you this... at HOPEAHOLICS ANONYMOUS and in my world... ANYTHING IS POSSIBLE!!! SHOOT FOR THE MOON - EVEN IF YOU MISS YOU'LL LAND AMONG THE STARS, BUT AT THIS STAGE I AGREE WITH ELON AND THINK WE ARE ALL HEADED TO MARS!!! ********************************************** If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns. So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED! And remember, there is NO RIGHT OR WRONG in trading - just money management! REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not a financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3 THE ONLY WAY TO MAKE MONEY - IS TO MAKE YOUR OWN!!!
MEducation
by LisaNEdwards
82
HOW TO RIDE THE WAVES,What is EXPLOSION?I was asked how to ride the current impulse waves on GBPUSD, so I answer here. This is yesterday's strategy for BUY. 1) RIde the impulse wave if the price drops to the support line. Here is the reason why yesterday's support line was important. As you can see the chart, when the price converges like >, big movement is coming. I call it the sign of the "explosion", which causes strong bullish or bearish movement. Conclusion When we are on the bullish impulse and you see the sign of the explosion, you should think about BUY. when bearish, vice versa. Elliot wave principle might seem fishy and I think it's true that some rules of it are wrong, for example, the 4th wave mustn't break the 1. This is wrong. Some should be modified. However, I believe that this principle works well if you have a good sense to see the chart. I try to use a chart as simple as possible with counting waves and some trend lines. So far, if my counting waves is correct, we are on the 9th wave in weekly. Seems like the end of impulse and crash is coming. When I see the 9 hits, the beginning of bearish, I'll post. Please do not forget to like and follow me if my ideas help you, thank you!
Education
by waveslover
3
🧮 Elliott Wave Pattern. Combination: "Double Three"●● Combination ( CMB ): "Double Three" The SZ (FL) -X-T combination is the most common. ❗❗ Rules ● A "double three" combinations comprise two corrective patterns separated by one corrective pattern in the opposite direction, labeled X . (The first corrective pattern is labeled W , the second Y ) ● A "double three" flat combination comprises (in order) a zigzag and a flat, a flat and a zigzag, a flat and a flat, a zigzag and a triangle or a flat and a triangle. ● Wave X is any corrective wave. * ● Wave X always retraces at least 90 percent of wave W . ● Only one of the W or Y waves can appear as a single zigzag. ● Combinations can occur in the same wave positions as flats and triangles (except for the triangle subwave) but cannot occur in waves W , Y or Z . * most likely, except for the triangle. ❗ Guidelines ● The X wave is often 123.6% of the W wavelength. ● When a zigzag or flat appears too small to be the entire wave with respect to the preceding wave (or, if it is to be wave 4 , the preceding wave 2 ), a combination is likely. ☝ Notes ● An expanding triangle has yet to be observed as a component of a combination Elliott Wave Principal 2005
BITSTAMP:BTCUSDEducation
by TradeWaves-EWA
4
Always Wait For Confirmations 📚 Those who win at the Forex game are those who are able to build on their case to take a trade, whether it be fibonacci, moving average, patterns etc. The more confluence, the better. This is why it is important to always wait for your confluences to line up before taking a trade. For this particular trade, those who were waiting for the third touch of the upper resistance of the pattern, would've been stopped out if they had a tight stop loss. It would've been better to wait for more of your confirmations to line up so you can execute the trade knowing that there are more things on your side (other than chance!) See below for the current GBPNZD set up.
Education
by WicktatorFX
7
Back To Basics- Forex 123 Pattern (Bearish)Sometimes basics work when trading Forex, why purposely make trading more complicated than it has to be. *How many pips could you have made on the attached GBPAUD 15 mn time chart today, either scalping or day trading? There were a noted three opportunities to enter a bearish/sell trade today. The 123 Pattern can be put on all time frames, once PA breaks the #2 on either bearish (chart) or bullish chart, then enter trade with appropriate stop loss. Bearish: #1 is highest point of pattern #2 is lowest point of pattern #3 is lower high then #1 * Once price action breaks #2, then enter a sell trade Bullish: #1 is lowest point of pattern #2 is highest point of pattern #3 is higher low of pattern *Once price action breaks #2, then enter a buy trade Risk management is always #1 when trading Forex. Analyze charts on 1 hour, 4 hour and daily if you enter and exit trades via 15 minute charts.
Education
by Anbat
1
How to use the RSI swing indicator and have more trades correctThe RSI or else known as the Relative Strength Index indicator is one the most commonly used technical indicator when it comes to swing trading. The RSI swing indicator is a free tool her on tradingview and very helpful to know when overbought and oversold - the green sign is overbought and tell me to sell - the red sign is oversold and tell me to buy Standart the numbers are 70 and 30 in the settings of this indicator, but i change them to 80 and 20 to have less trades but more corect trades! I Use this indicator only on 1 hour and 4 hour timeframe The indicater give you a sign when its oversold and ready to buy and when its overbought and ready to sell I prefer to use this indicater together with fundamental analyses and give me more then 90% correct trades! Hope you like this indicator and its free! Good luck
Education
by SignalWolf
2
4 TYPES OF DIVERGENCE There are basically two types of divergence trend continuation and trend reversal 1. trend reversal there are two types of divergence a. regular bearish divergence :- price makes higher high and indicator makes lower high b. regular bullish divergence :- price makes lower low but indicator makes higher low. its time for reversal. 2. in trend continuation there are further two type of divergence :- a. hidden bearish divergence :-which means when price make lower highs but indicator makes higher high it is sign of trend continuation . b. hidden bullish divergence :-which means when price make higher lows but indicator makes lower lows it is sign of trend continuation.
Education
by laddi
Fibonacci Trading strategy revealed Hi Fellowers, In this chart i reveal on of my most basic but very powerfull trading strategy's It is one of the most simple methods I use within trend trading analysis. I use fibonacci extensions and fibonacci retracements, and elliot wave theory. Now, elliot wave theory is pretty complex to understand so I do not cover this in this subject. In this subject I just reveal how i trade my major trending pairs in crypto, with a high succes rate. We draw fibonacci retracements, in an explosive trend, we enter the trade on the 50% retracement, in a longer term medior trend, we try to enter on the 61.8% retracements. We use our 78.6% as stop los ( As 76.4 is an important fib ratio) we keep the price just below it ;) Then we do the reverse retracements and add our 127.2 and 161.8% levels in the extensions, those are our exit points. We trade level to level , which means that we draw each extensions on each wave. And we target each level after each trade has been placed. Happy trading folks.
BINANCE:ADAUSD.PEducation
by AppY-Crypto