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INTERESTING BOOKSRemember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
7
Wheat forming Lower HighKey levels Identified - Black line : Monthly Resistance - Maroon line : Monthly Open Weekly Timeframe - Third retest of Monthly Resistance level - Last week candle close as an inside bar suggests consolidation, Expansion might be coming soon Daily Timeframe - Confirmed Bearish Pinbar with a close below its low - Local 0.618 Fibonacci Retracement level Idea: Looking for a retrace to ride to the downside. Unsure if this is truly a lower high as a lower high is only confirmed is there is a lower low.
OANDA:WHEATUSDShort
by FX20
CHFJPY retrace to 61.8 Structure.From the the daily Chart, the RSI is still bullish. It is trading above the 40 level and repeatedly exceeding 70. The start of this retracement move was signified by the rejection pin bar last week. There is a nice RSI trend line forming. I will wait and watch price hopefully retrace to the 61,8 region. There is pre-existing structure (recent and further structure. 61.8 l;evel is at 112.200 a nice large round number. Once price finds support here I expect further bullish movement.
by UnknownUnicorn3974120
SPY SHORTS if the week close is under 311.The first red week out of the last 7 weeks, price had rallied over 6% since early October and this is the first sign of a reversal for the continued move. The volume had been weak over the last few weeks on new highs. Price did make a new all-time high this week before reversing on the week. The doji candle that formed at the top of the trend on a weekly chart indicates the start of a reversal and looking at the multi-timeframe analysis on a daily candle chart as well we've seen the downside begin to open up. If price breaks below 311 this week and closes under we can see more downside open up and the start of a slight reversal. The first target is the broken top at 301, where the volume profile that measures year to date tapers off for an edge of low volume. This ties into the order flow trade. The longer-term potential target for the downside is the start of the impulse move higher at 293.50 which is the year to date POC. Disclaimer: This is not trading or investing advice, the idea represented is for educational purposes only.
AMEX:SPYShort
by TRADEPROAcademy
NZDUSD - News predictionThis will be my first "public" post reacting to news events beforehand - using a few key indications that make up my assumption. As you see here on this chart, marked by the cyan up arrow, my prediction is LONG for this pair. What did I see to make this choice? Divergence, Support and Resistance, RSI Level, Market Structure and Candlestick Patterns. This is not meant to be taken for advice on trading but more of an example of how one can predict news. Thank you to all who've remained patient and not left me - haha! Let's see if this plays out.
Long
by xEbenx
MKSI: Longer bottom completed and moving with momentumMKSI worked on a longer-term bottom formation that is completed and moving up with momentum at this time. The consolidations of the past two 1-day runs are very precise and horizontal. These candlestick patterns offered excellent low-risk entries. The stock has an all-time high around $128, so ample room to move up further. It has also completed a near perfect V Trough formation on the long-term cycle indicator chart. Currently price is controlled by professional technical traders.
NASDAQ:MKSI
by MarthaStokesCMT-TechniTrader
AUDCAD Potential Buy 100+ PipsGood Afternoon Traders, ForexFargo checking back in. Today, our analysis is a continue of our previous post regarding AUDCAD falling down. As price approaches our Support Level of 0.94500, I see an opportunity to buy this pair as it has been in Heavy Consolidation between support and resistance weekly levels. My resistance level is set for 0.95750. I am waiting for the market to give me a clear indication around the Support Level, so I am stalking this pair like a hawk and waiting for my entry positions. I have not placed the trade at the moment, HOWEVER, when there is confirmation in my direction I will set my trade as follows. Entry @ Support Level of 0.94500 Stop Loss @ 0.94300 Take Profit @ 0.95750 This is a 5:1 RR Ratio. As always please leave any feedback, positive or negative! GOOD TRADING! -ForexFargo
Long
by BearishBull617
USDJPY > Simple candlestick signals easy to recognizeEducation > Basic Candlestick Signals Chart > USDJPY > Non-Farm Payroll News Release > Friday, Oct. 6, 2017 - 8:30 A.M. Analysis in chart 1. Large body w/small wicks indicate strength 2. Larger the body w/smaller wicks indicate greater strength 3. Long wick w/body at opposite end of candle indicates shift in trend momentum 4. Wicks at both sides w/smaller body in middle indicates indecisiveness and both sides have equal strength 5. Larger wicks w/smaller body in middle indicates increase of indecisiveness * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Education
by ALSM59
1
GBPCHF Bearish Trend AnalysisGBPCHF - Short to 1.20 level Timeframe : Mid-Term Aug. 3 = Engulfing Bearish Candle = Bearish Strength Aug. 7 = Inverted Hammer = Bullish, but failed verification on next candlestick Aug. 15 = Falling Three Methods Candle = Strong signal for new Low @ closing, achieved @ 1.2518 - Signals Downward Trend to continue Resistance & Support Levels: R3 1.2453 R2 1.2418 R1 1.2366 S1 1.2280 S2 1.2245 S3 1.2194 * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59