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Short GBPJPYHere's an update from the last GJ post. Still short & it's looking like the pattern is playing out. 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.
Short
by Mayfair_Ventures
2
ADVANCED MICRO DEVICES ($AMD) 💻 | New all time highs!?👨‍💻 AMD has been making advances in technology, earnings, and pure bullish price action on the whole. Despite some consolidation recently and the chance of more consolidation in the near-term, we still see upside potential for this titan of chips. Support. The S1 bullish S/R flip is a key support level for the bulls. Although rejection at this level could lead to "bearish" consolidation as indicated on this chart, we don't think this alone will jeopardize the uptrend. If we do go that direction, the S2 S/R flip and order block cluster should see a reaction and could present an excellent buying opportunity assuming we see continued strength in tech. Below that we have S3, which is a support of last resort. Resistance. The R1 orderblock and S/R flip cluster at the previous swing highs are bound to act as resistance unless the bulls can blast through it here. If breached, it then could become relevant as support. Meanwhile, the R2 bearish orderblock formed from the previous All-Time-High swing high is our next level of resistance after R1. Summary. AMD bulls want to see sustained momentum not only in AMD, but in tech as a whole. There is a pathway to a new ATH here, but any faltering and the odds of seeing consolidation, perhaps all the way into July 28th earnings, then becomes likely. Resources: www.earningswhispers.com 💹 Drop a comment asking for an update, we do NEW setups every day 💹 Like & Follow to help the community grow! 🐣
NASDAQ:AMD
by AlphaBotSystem
3
AMD There is still hope, but...NASDAQ:AMD stuck between the long time trendline and recently formed resistance at 42.50. Today, the market closed at 42.30, but the price bounced multiple times during this week from mentioned above resistance, so let's see what is going to happen when the market will open tomorrow. The trendline corresponding with a high VPVR's volume node and this is the most massive support that we saw during the last years. You probably think "Than why short?". Well, you know yourself the situation in the world right now, and bad news was ruining any TA traders had before this recent, massive sell-off. IMO, the price will stay in the red triangle, bouncing between the trendline and resistance until not being pushed to the low volume node choosing the path of least resistance, or, breaking the trendline and landing at the next support level between 31.50 and 29. That level shows the highest volume nodes (two in a row) on a weekly chart and likely will be impossible to break. Under worst circumstances, if the crisis will be long and support at 29-31.50 broken, the next level is around $24 and this is where I'll buy like there is no tomorrow if it will be given. Bottom line: Don't short it with a market order just yet, but place a STOP-LOSS under the trend line and wait. New coming every day, and you don't want to wake up in ugly loss.
NASDAQ:AMDShort
by LanaFL
1
USDJPY short opportunityHi everyone its clear in the chart that usdjpy is in a rising wedge. You could see a clear divergence on RSI i didnt have time earlier to post a great enrty with high ratio you could still take the trade with ratio around 3 take profit could be on 108 and SL could be on 109.580 Remember not to risk more than 3% of your capital and take trades with ratio higher than 2 This is a good trade to take for start and later on when there is good enrty on shorter time frames I will add to this post
Short
by Forexharmony
The Truth About Trading - how long to be profitable?Trading is hard work - But no one wants to hear that it is hard work. Everyone wants a short cut. A short cut does not exist. If it did - everyone would use it and the market would cease to exist. Everyone who starts out trading is lured in by the profit potential. You might get lucky and make a quick buck. But over time you soon realize that trading is a job, and a hard one at that. The markets offer the highest paid profession in the world - and it is the hardest profession. There are no set paths, clear schooling or achievements which put you into a position of earning a living. This is an entirely different world. It is you and the market. You are responsible for the actions you make, and the repercussions or rewards which come with those actions. It takes a lot of time and effort on your part if you truly want to succeed long term in the markets. This does not just mean learning about the markets and how they operate. It also requires skills that no other job does - understanding and working on yourself internally. Remain Humble - We all know of someone who brags about their position, their entry price or whatever. But there is something they likely do not have.. Profits. Ever wonder why the top traders dont brag or choose to talk about a position or how much they make? Because they are humble. If you do not remain humble when it comes to markets, they will humble you. If you are attached to your Ego, you will fail in the market, without question. The only question is how long will you survive? How long does it take to be a Profitable Trader? Every beginner wants to know how long it will take before they can make a profit. This is a loaded question - with no answer. I am often asked how long until you knew you had it? Or how long does it take to become a profitable trader? People are confused by my answer when I say "you never have it, or anything." Even wildly profitable traders lose money, sometimes all of their money several times. Trading is not about getting something, or somewhere. It is a journey, a dance. Do you dance or play the guitar to get to the end of the dance or end of the song? No, otherwise you would play or dance really fast! (Alan Watts). You play to play. You trade because you enjoy the act of trading. In other words the act of doing is the goal, not the end result. The market is a teacher who teaches you about your self. If you chose to ignore it and instead focus on what you want out of it; you probably wont get it. If instead you open yourself up, give in to it and what it is showing you; you just might get what you want. If you found this helpful please like! Feel free to comment or ask questions.
BITSTAMP:BTCUSD
by tradersmentality
4
Cypher PatternWe have just completed the D leg aggressive entry for a cypher on the GBPUSD. I am aiming to take target 1 at 1:1 and then leave half position on to hit target 2. There is a lot of news to come for this pair over the next few days so trade carefully. We trade pure technicals here. Price isnt yet at extremes so you may want to wait to see how price reacts at this level and drop down to a LTF and wait for a bullish entry signal. Double bottom, Higher high, 3 bar reversal. Just remember to always stick to your plan and rules
Long
by TradeEasy_Today
Advanced Pattern BIG BAT SHORT and LONG Opportunities Hi All, just thought to share this analysis. We have had some recent patterns form and complete with all targets hit. I have been watching this new advanced pattern form during the other patterns when we completed the C Leg of the BAT. If you look we have had numerous cypher patterns form complete and targets hit. We have also made a new structure high which fulfilled the 88.6% fib. Depending on your rules and the pairs you trade or which patterns you trade make sure this is within your rules for entry. We may still see another retest of the New Structure High before price action drops. This would be an excellent opportunity to get involved in this trade. If it doesnt retest at least the 88.6% I wouldnt recommend getting involved because it will expose more risk. For those who missed the trade keep a close eye on price action the pattern is still valid unless we break past the X Leg. Obviously the higher we go the less risk is involved which will increase potential rewards. If you look we have also completed a C leg for a small cypher pattern color is purple at the very end of the current chart. I would look to go long on this at 78.6% - some people would probably ask why would you short this to get to the TP1 and TP2 but also go long on a small cypher pattern. Reason being I trade every single BAT and CYPHER in my portfolio. Based on my back test results. Entries at 88.6% Fib for Bat Pattern . Stops are always at a Fib Ext % above the X Leg. Based on my rules and back test results this is how I increase hitting my targets on patterns and not being stopped out if we break past X. When price action hits the TP1 we roll stops down to our entry level for break even , this will ensure your in a trade which has no risk involved and we just hope to hit our target 2 which is the 61.8% Fib Ret from AD legs I am also keeping a close eye on the 1.272 Fib Line because if we have a retest of the 88.6% entry level and break above to the 1.272 this will potentially form a C Leg for a Cypher pattern which would put our buy in for a long after Target TP2 is fulfilled. A perfect opportunity for a counter pattern buy in - If this happens I will post up the details for the Cypher. Also we have a lot of support from previous structure which is the X leg on the BAT if we break past the 1.272 upwards. Hopefully we see a lot of selling at this level. Ideally price action straight down to our targets is better but we always need to predict further in the markets so going upwards to a 1.272 could mean a chance of further opportunity. As always dont trade this if its not in your portfolio, not in your rules, too much exposure, ensure to check it meets your criteria for position size with the risk, Remember to trade smart with no emotions.
Short
by Oztrade
2