GBPJPY 11/09/2019Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SM must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM.
Here u will find a thought process to identify these spots on chart, where SM stuck with their orders.
CHARTS AGENDA:
BITCOIN SIGN - MONEY POCKET (SL, BUY STOPS, SELL STOPS)
BLACK ARROWS ARE ABOVE AND BELOW THESE MONEY SPOTS
BLUE LINES - ENTRIES WITH SMART MONEY MITIGATION MOVE - SNIPER ENTRY FOR US
BLACK LINES FOOT PRINTS - SPOTS ON CHART WHERE SMART MONEY SHOULD COME BACK TO GET OUT OF THEIR POSITIONS IN DRAWDOWN (SM MUST SELL TO BUY AND BUY TO SELL)
BLACK BOX - GAP's (IPA - INSUFFICIENT PRICE ACTION) - SPOTS ON CHART WHERE PRICE MOVED TOO FAST, AND LEFT SOME "WHOLES" IN PRICE ACTION WHERE ALGORITHMS WHAT TO COME BACK AND FILL IT BY "HEALTHY" PA.
EQH - EQUAL HIGHS
EQL - EQUAL LOWS
PA - PRICE ACTION
SM - SMART MONEY
HEC - HIGH ENERGETIC CANDLE (LAST OPPOSITE CANDLE BEFORE MOVE) <- SM MUST SELL TO BUY AND BUY TO SELL :)
I'm so grateful to Mentor's which I met on my trading journey for this knowledge, and cause of struggling few years to discover how the market really moves i decide to share it for free with all of u.
My only goal with it is to Help all of u to have a breakthrough in your Trading Journey and obviously it will impact all your surroundings <- generate more time 4 u, more freedom and this will impact others.
We are all human beings but we act as enemies being against each other.. Stop fight with each other! Focus on Freedom, and broken Governments who keep us under financial leash! Live is amazing, but u already know that...
We've been simply INDOCTRINATED and BRAINWASHED to be slaves in this CORPORATOCRACY SYSTEM... But TOGETHER we are strong, so do your homework, and share this knowledge with someone u take care of...
If u have any questions go ahead and ask:)
GOD BLESS U ALL!
Fx
GBPCAD 11/09/2019Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SM must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM.
Here u will find a thought process to identify these spots on chart, where SM stuck with their orders.
CHARTS AGENDA:
BITCOIN SIGN - MONEY POCKET (SL, BUY STOPS, SELL STOPS)
BLACK ARROWS ARE ABOVE AND BELOW THESE MONEY SPOTS
BLUE LINES - ENTRIES WITH SMART MONEY MITIGATION MOVE - SNIPER ENTRY FOR US
BLACK LINES FOOT PRINTS - SPOTS ON CHART WHERE SMART MONEY SHOULD COME BACK TO GET OUT OF THEIR POSITIONS IN DRAWDOWN (SM MUST SELL TO BUY AND BUY TO SELL)
BLACK BOX - GAP's (IPA - INSUFFICIENT PRICE ACTION) - SPOTS ON CHART WHERE PRICE MOVED TOO FAST, AND LEFT SOME "WHOLES" IN PRICE ACTION WHERE ALGORITHMS WHAT TO COME BACK AND FILL IT BY "HEALTHY" PA.
EQH - EQUAL HIGHS
EQL - EQUAL LOWS
PA - PRICE ACTION
SM - SMART MONEY
HEC - HIGH ENERGETIC CANDLE (LAST OPPOSITE CANDLE BEFORE MOVE) <- SM MUST SELL TO BUY AND BUY TO SELL :)
I'm so grateful to Mentor's which I met on my trading journey for this knowledge, and cause of struggling few years to discover how the market really moves i decide to share it for free with all of u.
My only goal with it is to Help all of u to have a breakthrough in your Trading Journey and obviously it will impact all your surroundings <- generate more time 4 u, more freedom and this will impact others.
We are all human beings but we act as enemies being against each other.. Stop fight with each other! Focus on Freedom, and broken Governments who keep us under financial leash! Live is amazing, but u already know that...
We've been simply INDOCTRINATED and BRAINWASHED to be slaves in this CORPORATOCRACY SYSTEM... But TOGETHER we are strong, so do your homework, and share this knowledge with someone u take care of...
If u have any questions go ahead and ask:)
GOD BLESS U ALL!
"EURJPY: down move coming soon" by ThinkingAntsOk4H Chart Explanation:
- Price is near the Resistance Zone.
- Bearish Divergence on MACD.
- If price breaks the Ascending Trendline, it has potential to move down towards the Middle Support Zone first and, then, towards the Support Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!
EURCAD 11/09/2019Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SM must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM.
Here u will find a thought process to identify these spots on chart, where SM stuck with their orders.
CHARTS AGENDA:
BITCOIN SIGN - MONEY POCKET (SL, BUY STOPS, SELL STOPS)
BLACK ARROWS ARE ABOVE AND BELOW THESE MONEY SPOTS
BLUE LINES - ENTRIES WITH SMART MONEY MITIGATION MOVE
BLACK LINES FOOT PRINTS - SPOTS ON CHART WHERE SMART MONEY SHOULD COME BACK TO GET OUT OF THEIR POSITIONS IN DRAWDOWN
GAP's (IPA - INSUFFICIENT PRICE ACTION) - SPOTS ON CHART WHERE PRICE MOVED TOO FAST, AND LEFT SOME "WHOLES" IN PRICE ACTION WHERE ALGORITHMS WHAT TO COME BACK AND FILL IT BY "HEALTHY" PA.
EQH - EQUAL HIGHS
EQL - EQUAL LOWS
PA - PRICE ACTION
SM - SMART MONEY
I'm so grateful to Mentor's which I met on my trading journey for this knowledge, and cause of struggling few years to discover how the market really moves i decide to share it for free with all of u.
My only goal with it is to Help all of u to have a breakthrough in your Trading Journey and obviously it will impact all your surroundings <- generate more time 4 u, more freedom and this will impact others.
We are all human beings but we act as enemies being against each other.. Stop fight with each other! Focus on Freedom, and broken Governments who keep us under financial leash! Live is amazing, but u already know that...
We've been simply INDOCTRINATED and BRAINWASHED to be slaves in this CORPORATOCRACY SYSTEM... But TOGETHER we are strong, so do your homework, and share this knowledge with someone u take care of...
GOD BLESS U ALL!
Top and Bottom Analysis on EURUSD by ThinkingAntsOkUse this as a guide to develop your own setup, and spot the most relevant technical zones on the chart
Main items we see on the 4hs chart:
a)Price made a Beartrap on the lower trendline of the weekly wedge pattern
b)Currently, we can see a possible Flag Pattern on formation
c)If the Flag pattern evolves as expected we should see a bullish movement towards the Support / Resistance Zone
d)We guess that a lot of Long entries will be above that level, so we will expect for a fake-out + corrective formation
e)If the corrective formation is made in the mentioned zone we will develop long setups on a new post
Weekly Chart:
Daily Chart:
EURJPY Approaching crucial fib rebound levelOANDA:EURJPY
EURJPY is currently in a long-term exhaustion phase, from a strong bearish dominance.
This means we are in a med-term bullish phase, meaning we are looking for bullish trades.
Currently, price is travelling from crucial support to dynamic resistance.
This trade is just a little piece in that long-term bullish puzzle.
I will be watching price action for a rebound of this fresh downward wedge breakout, to go long to the +27% Fib level.
EW Analysis: OIL + EURUSD + BTCUSD In Positive Correlation?!Hello traders!
Today we will talk about correlations in different markets!
Correlations are very important to recognize the direction. There are positive and negative correlations, but what we currently see in the FX market (EURUSD), Commodity market (Crude oil) and Cryptocurrency market (BTCUSD) is that they are in tight positive correlation! So, if we respect what market is doing and considering Elliott Wave bullish setups, then we can expect a bullish continuation for the next few weeks soon!
As you can see, Crude oil has clear five waves up and three waves of correction back to very important 50%-61,8% Fibonacci retracement, which means that it's already formed a bullish setup and it may easily continue higher in the upcoming sessions!
EURUSD is still forming the final wave (c) of a correction that can retest 50%-61,8% Fibonacci retracement and 1.1000 support level at the beginning of the next week, from where we can expect to follow Crude oil within an uptrend!
And looking at BTCUSD, just like EURUSD, it can be ready for a decline into wave (c) to a complete a three-wave corrective setback, where 50%-61,% Fibonacci retracement and 10000 level can be tested before an uptrend resumes together with Crude oil and EURUSD.
That being said, there are no tick by tick correlations, but from our experience, they always somehow get caught in the end.
However, there's nothing confirmed yet, but if Crude oil stays above wave (c), and if in the meantime EURUSD and BTCUSD bounced from projected support levels in an impulsive manner, then we can easily confirm a bullish continuation!
Be humble and trade smart!!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
XAUUSDGold, coming off a interesting key level here. Previous levels of resistance off the monthly chart. Federal Chairman speaks on lowering the alarms for a recessives period, this gives U.S markets strength and sends stocks for a rebound and the Dollar finds artificial strength. In correlation, precious metals become less appealing as a way to hedge inflation.
EuroDollar at channel bottom.Not a trade call.
For now my stance is wait and see.
The euro is pretty devalued and it could bottom here but who knows what monetary policy makers and big money movers have in mind?
The channel is not precise or clean enough to warrant buying in my opinion. Risk Reward is not good enough, and since the people that move markets have not shown their hands, trading this is I think gambling.
If the price breaks to the downside, I will look for 2 things:
1- A pullback and retest of the lower end of the channel, with an ABC ending with a top formation (double top, rounded top, etc):
2 - A bottom pattern in this blue buy area:
(I don't do single candle patterns and I don't think they that great. So I would look for a Double/Triple bottom, H&S, C&H, Rounding boittom, 3 white soldiers, etc... that kind of thing).
I look forward to things moving.
What do you think?
EUR/AUD - Bearish BAMMEUR/AUD is almost ready to go! Bearish BAMM setup has formed on the 4h chart, providing a trading opportunity with a 1:2.33 risk to reward.
BAMM trading setups rely on a valid bat pattern, you'll find the relevant measurements below.
XA Retracement: 0.382 - 0.50
AB Retracement: 0.382 - 0.886
BC Projection: 1.618 - 2.618
XA Retracement: 0.886
The time proportions of this setup are absolutely spot on so far, we'll revisit this in a few days.
Currently waiting for a break and close below 1.63100.
EURUSD - Hold the base of the wedge EURUSD - Intraday - We look to Sell at 1.1000 (stop at 1.1030)
6 negative daily performances in succession. Selling posted in Asia. The trend of lower lows is located at 1.0931. There is no clear indication that the downward move is coming to an end. Risk/Reward would be poor to call a sell from current levels. We look to set shorts at our bespoke indicator level (1.1000).
Our profit targets will be 1.0930 and 1.0850
Resistance: 1.0985 / 1.1000 / 1.1011
Support: 1.0930 / 1.0850 / 1.0575
EURGBP - Breaks the wedge formation EURGBP - Intraday - We look to Buy at 0.9074 (stop at 0.9044)
Posted Mixed Daily results for the last 7 days. Broken out of the wedge formation to the upside. The formation has a measured move target of 0.9184. The 50% Fibonacci retracement is located at 0.9170 from 0.9324 to 0.9016. There is scope for mild selling at the open but losses should be limited. Further upside is expected and we look to set longs in early trade.
Our profit targets will be 0.9180 and 0.9200
Resistance: 0.9133 / 0.9170 / 0.9173
Support: 0.9074 / 0.9016 / 0.9000
GBPCAD - Sell at Market on Political Uncertainty!Focus is again on Brexit with the UK House of Commons returning to session. It looks like we are heading for a snap election sooner than expected. Today there will be an emergency debate on a bill trying to force PM Johnson to ask and accept another Brexit extension until 31 January in case no deal is reached no later than at the EU summit 17-18 October. A government official has said PM Johnson will start the process for 14 October general election if he loses the vote (needs two-third majority). PM Johnson will make a public statement at 19:00 CEST.
We like Selling GBPCAD at market, looking for
1.6000 and then 1.5923.
EURUSD - Sell on a Pullback!The biggest move in markets this week has been the USD.
The trade weighed USD keeps pushing higher to the strongest level in two and a half years.
Today we also have the ISM due, and we forecast
it to come in better than expected, which would
also enhance USD strength.
Alongside general EUR weakness, we suggest
selling EURUSD on a retracement to prior
support levels above 1.0950. Target is 1.0900.
EURAUD Long Trade Idea EURAUD Trade Idea Long
SL: 1.62829
ENTRY: 1.62914
ENTRY2: 1.63024
TP1: 1.63098
TP2: 1.63252
TP3: 1.63502
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.