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Billionairetomboi

2 Time frame DIVERGENCE analysis USDSEKNOW IS THE TIME TO BE TRADING! Alot of pairs will be making reversal plays, which will make great entries to hop on board & bring in profits for us over the next few weeks. I've marked key areas on the Daily for direction & on the 15 for entry. Pretty much any SHORT entry over the next few days should see profit. The Daily chart is in an uptrend so price will eventually find a large area of support, allowing price to retest the top. It may even break the top, as price is at an all time high. A 50% pullback to the 8.00000 area is surely possible. However, if a new high is to be made, price will need to hold above the 8.88000 area. I'll be expecting the Daily trend (RED ASCENDING LINE) to be broken before a retest of the high. We saw a very bearish move from the high, signaling that the new all time high is a weak one. I have Bollinger Bands set at .382. I use the 1HR or 15min chart for entries. When price closes 5 candles in a row above or below the bands, then passes the high of that move, I enter. Ideally, I like to enter long if the bollinger band is above the 300EMA OR short if the opposite is true. Price & the bollinger bands above the 300 & the 300 above the 600 signals power in that direction. Exit is at the previous breakout area (from the opposite direction) or a higher timeframe resistance or support.
Short
by BillionaireTomBoi
1
GBPZAR pullback :) I’ve been waiting to jump on this Long, as ZAR pairs have the biggest price movements. This means big profit potential. This 15min chart analyzes the current pullback about to take place. As long as we stay inside this BLUE triangle I have drawn, we’ll see GBPZAR fall back to test the original breakout. The area is marked as a high volume zone, as the volume bars show the most shares traded in quite some time. This setup could take a day or to reach the area & signal confirmations to enter long...I’ll update this trade if it continues to move higher without a pullback. If it does, I’ll be cautious to enter, as huge Weekly resistance is just up ahead at the 21.93000 area. If you entered the trade now, you’ll most likely be good to be in profit by next week or so. Expect dips in profits until then.
Long
by BillionaireTomBoi
Where the buying took place - BTCUSD & SPY TRUE Demand ZonesThis is the Line Break Chart analysis showing true supply, demand, trend momentum, & volume correlations. The chart 90% of traders will never see... You can only see these charts as a TradingView Pro+ subscriber. Or an institutional bank trader. The blue band is my bollinger band custom setting - .382 deviation. My strategy with it is when 5 bars close above or below, thats my set-up area. I enter at a close above those 6 bars. A close above signals strong momentum. The key is to be sure to enter in the direction of the largest time frame. I use the 1hr with the bollinger bands to enter. I use the daily Line Break Chart candles to determine trend direction, signaling which direction I should enter on the 1hr. Volume is important to note because the trend began around the area of the largest volume spikes. The same people may not be buying at the same area but if we never see similar volume return into a market, we can assume the trend is dying, as everyone with big money who purchased at the beginning of the trend has sold off or is no longer interested in the asset.
AMEX:SPY
by BillionaireTomBoi
GBPCHF short entry 1HPrice is below all my moving averages, signaling price to be in a downtrend. I was awaiting a break below the 50 EMA, signaling weakness in the pullback to the upside. Price should head to retest the bottom, potentially making a new low. the Daily chart is in a strong downtrend, so a new low is certainly possible. We are also breaking a new Weekly low, which should produce huge momentum lower. My moving averages are harmonic in nature... There is confluence on the RSI with the Weekly chart. The Monthly, however, is showing divergence. Perhaps after next month, we see a bullish move to retest previous Weekly highs.
Short
by BillionaireTomBoi
1
EURAUD Fibonacci retracement 1Hour setupQuick scalp trade setting up on the 1 hour EURAUD chart. I'll enter at the 50% (GREEN) line, as price falls back to retest the area. I'll enter any bullish candle formation & watch the 15min chart for confirmation. I'll look to take profits on half my position at the 1st PURPLE line, as the pullback may not be over. If price cannot hold above the 1st PURPLE line, I'll await for a drop to the .618 Fibonacci level & reenter, expecting price to move back to the 50% & ultimately back to retest the high, where I'll look to take half profits on whatever is left of my position.
Long
by BillionaireTomBoi
1
NZDCAD Divergence entry shortNZDCAD is currently retesting the level it broke out from. My indicators are signaling a divergence, which is a sign that the pair will continue its Bearish trend. I'll be using the 15min & 1Hr time frame to enter a SHORT position. This is a position that could be held for 3-5 weeks (3-5 weekly candles) before I even consider taking profits. This is a simple set up for any beginner trader, with even $25-50 in your account. You could easily double your account with this one trade, if the entry is decent. My divergence indicator is the On Balance Volume Indicator. Put simply it signals weakness in buying momentum.
Short
by BillionaireTomBoi
1
How to trade BTCUSD like a pro1. If you are new to trading, learn how to trade support & resistance of triangles on the Daily & Hourly time frame. The time it will take BTC to retest the BUY zones I've marked, will be more than enough time for you to learn & practice how to be ready for the retest of the areas I've marked. 2. Realize that BTC has retested & held above the green triangular channel. The proper way to enter this trade is to wait for the bottom level of this channel to be retested once more, on a lower time frame. The current pattern on the Daily chart is a bullish candle stick pattern. If you are new to trading, also learn more about common candle stick patterns that occur over & over, giving professional traders signals to enter trades confidently. 3. If you've entered already, be cautious as price rises. Be prepared to take small profits if 4 Hour or 1 Hour charts show huge selling. BTC HAS BEEN & IS STILL IN AN UPTREND, however, any global event could shake the crypto market up, which could result in people mass dumping their BTC holdings.
COINBASE:BTCUSDLong
by BillionaireTomBoi
1
AUDUSD Bounce off 2008 Monthly lowAUDUSD has just entered a level it hasn’t tested since 2008! A huge move to the upside will come as long as this level holds. This is a strong BUY set up. The 15min chart just showed signs of high volume & decending wedge Roth into the level. Price may bounce off & go back into the level before it springs to new Daily highs. If you haven’t made any money all year, this is a free throw shot waiting for you!! As far as stocks, don’t play into the Coronavirus being the cause. Professional traders know this is nonsense. I’ve been shouting short STOCKS since December. The charts tell the story. The news is always the scapegoat.
Long
by BillionaireTomBoi
1
USDCAD Cup & handle formationI'd be expecting a pullback in USDCAD before a breakout. The cup & handle pattern is a bullish indicator. At this time, USDCAD is up against a heavy Daily resistance area. A short term SHORT play has set up, as the 1Hr chart has formed an ascending, which is a common reversal signal when up against larger time frame resistance. PURPLE lines notate profit zones in either direction you chose to take. Playing both sides of this move is certainly possible. CONCLUSION: Short term SHORT play, long term LONG...
Short
by BillionaireTomBoi
1
2 possible BTCUSD futures to come...I dont care if its BTC or any other stock or currency, 2 things apply. Professional traders are watching the charts, armatures & part time traders are speculating off news & hype. Read what unfolds in the price action & do not get distracted. The truth is, no matter what's in the news, investor's true decisions will show up once positions are executed (whether long or short). I dont care if its crypto miners or banks. Decisions aren't real until they show up on the time & sales tape, aka the candles. There's no reason to be touching BTCUSD util the uptrend is reclaimed.
COINBASE:BTCUSD
by BillionaireTomBoi
1Hr EURUSD to go with my previous Daily analysisEURUSD is falling to retest the shoulder of the Reverse Head & shoulders pattern i analyzed on the daily chart. If price holds above this Right “Shoulder”, we could see the pair rise to new Monthly Chart highs. The monthly chart shows a head & shoulders, indicating Bearish momentum. However, if we break to the downside, we could see the EURUSD at all time lows over the next few years. The number that EURUSD should reclaim to continue Bullish momentum, would be the 1.20697 area. I’m short term bullish, as price (on the Weekly) is pulling back from a very bearish drop (from the 1.20697 area. I’m long term bearish, awaiting a high enough retracement back to the current high. Once the current highs are retested, I’ll await a bearish signal to enter short on the daily. I wouldn’t expect to be taking profits for at least a year, as this bullish bounce (that created the Right “Shoulder” of the pattern) that’s happing right now, took out more than a years worth of selling (on the weekly). Ultimately, this move could be a spike into more selling pressure to come, or it could mean there’s reversal is on the way & this current Weekly Reverse Head & Shoulders could see the EURUSD making new highs. The monthly chart is in an uptrend, seeing that the current low is higher than the previous. Those last 2 elements put together would be more powerful than a short set up. So, if I do end up shorting, as price moves up, it may only be for quick profits. Any sign of bullish momentum on the weekly chart & I will reverse to long term Long.
Short
by BillionaireTomBoi
USDZAR color coordinating analysis1. I like trading USDZAR because of the large movement potential. Same reason I like trading Bitcoin, not because the currency is realistic as a monetary replacement to the dollar. I am, however, in support of block-chain technology because of its utility in health & data storage. NOWHERE on the stock market will you see regular moves so big for maximizing profit potentials (on a swing or day trade basis). I've been trading 10 years, take my word... 2. I like to color coordinate my charts. The GREEN line lets me know where the most recent long-term support is located. I say long-term because this is a 4 hour chart. Movements between tops & bottoms of channels could take weeks or months. As a day trader, a price move taking weeks is "long-term" for me. Technically, its more like medium-term, as a genuine "long-term" analysis would be based off a weekly or monthly chart time frame. The GOLD line is a "short-term" area of resistance that may present a problem for price to re-test the most recent high (The RED line). The RED line is the most recent resistance area (again, based on this 4 hour chart). The purple line is the 1st place I'd be expecting to take some profits, as the chart's history has made it clear that this is a price level that more traders are willing to sell. 3. MY STRATEGY: In most of my posts, you'll see that I mainly trade from tops to bottoms of channels. Selling the "highs" & buying the "lows". I'm not here to teach you how to trade, I'll make videos after I'm done pursuing some personal goals of mine. However, the more you look at my chart drawings & other traders who use trend lines & trend channels, you'll begin to see the simple trading patterns that emerge on every trading chart in the world. I color coordinate my lines so that every few hours or few days, they can serve as land-markers to remind me of where price is, where its been, & where its potentially going. Trading is simple, yet being patient for price to test potential reversal zones is what's difficult. Every technical analysis strategy in the world begins with this foundation. A trader's ability to consistently wait patiently for patterns to form, price levels to be tested, & trade what's seen (not assumed) will be the key to long-term success. A lack of discipline will see a trader frustrated & wanting to quit before they can even see their own potential...thanks for checking out my trades!
Long
by BillionaireTomBoi
2
Still long GOLD, since 2009 [DETAILED]Gold is still a preferred long term asset for wealthy individuals & governments. I've been long since I got into financial markets back in 2008. A wealthy client of mine (whom I did sports recovery on from a Pro Baseball career) suggested I buy gold back then. I had no idea about it, I just bought it & held on. I sold it around 2011 to start another business & have continued to be an investor/trader since. Currently awaiting to continue buying pullbacks to the (long term) green line. This is a wealth play that I expect to simply hold long term. I BUY PHYSICAL GOLD & track the price value with the chart. You must understand market economics & the historical valuation of GOLD to understand why I approach it this way. GOLD IS NOT A "SAVE THE DAY" ASSET. It is simply a part of a long term asset building strategy to add to a balanced portfolio.
AMEX:GLDLong
by BillionaireTomBoi