Charting
BITCOIN | Drawing a Buying Area.Hi,
Video test nr. 2. :)
Atm I don't speak anything, you can play some Christmas music, and watch how the important/buying areas develop through the simple analysis.
Regards,
Vaido
ROADMAP-CHARTING 3DGuyzz & Dolzz,
Projecting a clear TA with fib channels "ROADMAP-CHARTING 3D".
This new style makes it easier to indicate price targets and placing ur sell and buy orders using the fib-channels.
Zooming in clearifies the importance of these lines.
Stocks, indices, commodities and FX
Combine this setup with your indicators and the price targets will become more clear.
Enjoy !
For questions and setup demands, leave me a message.
*** I do create "ROADMAP-CHARTING 3D" for Stocks, indices, commodities and FX only on request ! ***
Trade smart, trade safe,
Unicorn1
Charting to see next move!Just some newbie charting. I'm also looking at candle types and will update. Any ideas or suggestions would be much appreciated in the comments.
CHARTING REQUEST! Those of you who follow me, please feel free to submit a TICKER in the comments and Ill do a quick video on it!
NzdJpy....still bullish until maybe....There might be possibility of a reversal pattern of h&s on this pair. But if it doesnt form, likely more upside for this pair!
#shadowingthebigboys
#trading
#forex
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
MIDDAY AAPL RECAP!! We predicted the whole move! thats T&AJust going over our AAPL trade and why we took it. If you have a ticker request and would like me to chart one for for you let me know
$NNOX: Gap Fill Started, Needs to Break ResistanceCurrently it looks like Nanox on Friday have started to dramatically shift up, especially after hours with lots of the logarithmic curve that was downward already starting to curve. It still has lots of resistance given the rise of short sellers and puts, but that resistance seems to be fading. According to Algowins, when looking at short activity, the worst day in terms of test with over -49.6 was on September 15th, this was when a short seller released a report against Nanox. The "fear index" at that time was likely high. If Nanox increases in positive sentiment which looks to be the case, likely support levels can continue picking up for stable positive retest + stock growth. That said, please consider everything I say "as is", and on an opinion based basis. Do your own due diligence, and invest at your own risk.
1 Year Target for LI: $65Right now, my current 1 year target as a conservative estimate for Li Automotive is $65. That being said, I think this will continue getting momentum and garnishing higher support levels. Many analyst are bullish as well. As always, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
USDCAD Mark upexpecting price to turn bullish and break trend and Resistance to the upside, Making Higher highs these next coming days
Configuring Your Chart: HLC barsContrary to popular belief, the superior way to view price is not through candlesticks or OHLC bars.
Its HLC bars. HLC bars are the superior choice. Why? Good question...
The reason HLC bars are better is because I found out that the open price is completely redundant when analyzing the charts. Also the majority of indicators out there don't use the open price.
The open price is useless because it doesn't tell you what happened during the bar's life, only how it started, whereas the high, low, and close tell you how price moved during the hlc bar's life. The high, low, and closing prices of a bar are all you will ever need, and they tell you what the sentiment of the bar was. The equation for sentiment:
Sentiment = 100 * (Close - Low) / (High - Low)
What does this suggest? It suggests that candlestick patterns aren't real!
I used to believe in candlestick patterns. They were actually the first thing introduced to me when I started to learn about trading.
But now we all know the truth.
This is very good news because it simplifies the charts!
So next time you look at the charts, view them in HLC bars ;)
Decent Entry: USDCNHI believe that currently the USDCNH is having correlations previous to one of its last breakout patterns and that at the current price, it is a decent entry. I think currently this is mid risk. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Invest at your own risk.
ETH testing daily resistance! | 28th July 2020This is a chart shot of today's video on ETHUSD
Today we will take a good look at ETHUSD and what possible key levels to look out for. Right from the long term, down to the short term!
I utilise quite a bit of Fibonacci and graphical price action. Would be really lovely to hear your feedback and also have you guys share your views on the ETHUSD!
Let me know your thoughts and what other pairs you'd like me to take a look at next!
Cheers!
Entry:315.35
SL:336.23
TP:280.00
Chart TemplateSpent some time rethinking how I can markup the chart on multiple time frames. Avoiding Red and Green for bias, since old supply can become new demandn and vice versa. The goal was to minimize number of colors I need and relly on line style and weight. And utilizing higlight shades for key areas of interests.
I hope others can find this useful.
Take the Profits w/ ALT and ShortFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. The bull run went too high in my opinion and the current wedge looks like it can receive some steep resistance. I think right now it is at a good level where it is a better idea to not try getting too greedy because just as it went up really high, it can also come crashing down steeply as well. Anyways, proceed with caution. If you like this, it is probably less risky to sell and than rebuy at the dip rather than hold long at this current level.
Divergent BarsDivergent bars help a trader identify a potential shift in the current price trend. Divergent bars are an effective technical tool for futures, options, and stock traders using any timeframe.
A divergent bar is defined as the following:
1. A potential shift from a bullish trend to a bearish trend is evidenced by the current price bar showing a higher high than the previous bar and the current bar closes in the bottom 50% of the price bar. Also known as a Bearish Divergent Bar . This indicates that bullish movement higher is weakening.
2. A potential shift from a bearish trend to a bullish trend is evidenced by the current price bar showing a lower low than the previous bar and the current bar closes in the upper 50% of the price bar. Also known as a Bullish Divergent Bar . This indicates that bearish movement lower is weakening.
To open a position using the divergent bar:
1. When the divergent bar indicates a possible bearish entry , place an order to buy to open a put (for options traders) or sell short (futures traders) at the low of the divergent bar. If the bullish trend is not complete, it is likely this position will not be filled. If, before the order is filled, the price moves above the high of the divergent bar, the bar is no longer valid as an entry signal and open orders should be cancelled. If the order is filled, use your usual profit targets, which will vary by trader. If the position is filled, futures traders should set a stop based on the high of the divergent bar. Options traders should monitor the price action and close the position if price moves above the high of the divergent bar.
2. When the divergent bar indicates a possible bullish entry , place an order to buy to open a call (for options traders) or buy long (futures traders) at the high of the divergent bar. If the bearish trend is not complete, it is likely this position will not be filled. If, before the order is filled, the price moves below the low of the divergent bar, the bar is no longer valid as an entry signal and open orders should be cancelled. If the order is filled, use your usual profit targets, which will vary by trader. If the position is filled, futures traders should set a stop based on the low of the divergent bar. Options traders should monitor the price action and close the position if price moves below the low of the divergent bar.
The most effective way to use the divergent bar signal is to view it as one signal aligned with another reliable signal, such as the Bollinger Bands, Awesome Oscillator, or other momentum/trend shift indicator. The signal is so specific that it adds exceptional strength to the likely reversal. For example, on the chart of TVC:SPX , two divergent bars are highlighted, each one anticipating a strong and clear reversal in the swing trend.
In the first example, a Bullish Divergent Bar appears at the beginning of October. The low is lower than the previous bar’s low and the current bar closes in the upper half of the price bar. This indicates a potential long entry. It is also paired with a Bollinger Band Snap. The next day stochastic crosses up and the high of the divergent bar is broken, signaling a long entry.
The second example occurs in late January with a Bearish Divergent Bar . The high of that bar is higher than the previous bar’s high and it also closes in the lower half of the price bar, signaling a bearish divergent bar. The next market day the low of the divergent bar is broken, the Awesome Oscillator (AO) is red, and stochastics is crossed down. This alignment between divergent bar, AO, and stochastics signals a short entry.
In both of these examples there is strong follow through from the divergent bar entry. Moving 35 points immediately to the upside on the bullish divergent bar entry and trending about 100 points lower the days following the bearish divergent bar entry. Divergent bars, when paired with other indicators, can be a reliable indication of a potential shift in the trend.
Bollinger BandsBollinger Bands
Timing for options trades relies on many price signals and confirmation. Even so, knowing when trends are likely to continue or to end is a skill of its own and many traders have timed entry and exit poorly because the trend was misread. One signal helps overcome this problem.
Bollinger Bands (BB) track the trend with three bands. The middle band is a simple moving average of 20 sessions, and the upper and lower bands are each two standard deviations of that average. This sets up a great visual, forming a “probability matrix” of both price and trend.
Because price is not likely to trade above the upper band or below the lower band for very long, any move outside of this matrix is likely to be followed by a retreat back into range.
However, BB is not just a price-specific analytical tool. It also sets up a version of resistance and support as a dynamic factor rather than the traditional straight line. The chart of the Nasdaq 100 Index shows this relationship between the upward-moving trend and resistance.
It is possible to draw straight lines to identify resistance or support as well as times of breakout. BB tends to provide a dynamic version, which is more accurate and more predictive. As the price trend is upward-moving, the upper band tends to track resistance with extreme accuracy. And as a trend moves downward, the lower band tends to track support
In the NDX chart, three examples of the relationship between the upper band and the dynamic price movement are circled. The most revealing aspect of this is how accurately the band points to both entry and exit. As the price moves close to the upper band, it marks the beginning of a strong bullish move. This is seen in all three of the highlighted examples. These are highly reliable entry points for bullish trades such as long calls or short puts.
The bullish trend ends as price moves away from the upper band. This is also seen clearly in all these instances on the chart. Logically, this marks an exit point, but not necessarily the start of a bearish move. Unlike most reversal signals, the move of price away from the upper band signals only the end of the price move. The next phase could be resumption of the trend, retracement, or reversal. To decide, requires a new set of signals.
The interaction between the bands and identification of the trend also works when a dynamic trend ends and moves into a period of consolidation. This occurred at the beginning of December. Notice how strongly the band width narrows, going from 600 points in beginning November down to under 250 points. This shrinking band width signals a likely period of consolidation, which serves as a rest between dynamic trends, a plateau before trend resumption or reversal. This also points to the timing for a different type of option trade, which exploits a range-bound tendency in the short term. In fact, consolidation may be the most profitable trend for short-term trading because breakout is easily identified. Look for a widening of the band width to anticipate a new dynamic move. It does not matter whether that will be bullish or bearish; the issue is that a widening band width signals likely end to consolidation.
Entering a consolidation-type trade like an Iron Condor (with strikes far outside the band width), a short covered straddle, are well-timed as consolidation begins, but should be closed as consolidation ends. At that point, a new trade can be opened to exploit dynamic price movement, such as synthetic stock (long or short) or simply a long option.
The issue to keep in mind in all of these timing decisions is that BB provides more than a reliable tracking device for price. It also marks the nature of short-term trends, whether dynamic or sideways-moving. It is one of the most reliable predictive signals options traders can find.
Price Action & Psychology - Pullback, accumulationHello !
Key points :
Accumulation zone
Halfway retracement
Volume uptrend > volume downtrend
Currently, I feel like there's an accumulation going on. In fact, we have some clues that buyers were strong :
1) we see several spikes in volume
2) the bodies of the candlesticks grew wider the more the trend advanced
As you can see, we've had a little 1-candle pullback at first. Then, the trend resumed, the stock encountered a resistance (previous support on the left side) and pulled back halfway before accumulating.
Obviously, from a realistic point of view, the stock could go any way from here. But, as always, we're trying to stack the probabilities in our favor.
During the accumulation, the volume was relatively "normal", except for that spike I highlighted. The thing is, despite the high volume, the price didn't move. This tells us that sellers are not able to win the fight against buyers (since we're pulling back from an uptrend movement, buyers are still dominating).
Thanks for reading and if you have suggestions or want to discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it only takes ONE trader to deny your trade.***
BTC Not Actually In An Ascending Triangle?So lately in the TA world I've noticed a lot of people pointing out something similar to this green ascending triangle. To me that triangle looks sloppy at best and I personally believe we are in more of a rising parallel channel like I've outlined in purple. I've had this channel mapped out for a couple weeks now (since about June 3) and it's been filling out beautifully up to this point. I am currently still in part of my long position from breaking that red downtrend line (zoomed in to 15min to enter trade) within the channel recently as it confirmed that we could in fact be moving back toward the top of channel possibly shooting for approximately 10.8k? have to see how the channel plays out. I have locked in most of my profits by now, but don't mind keeping part of position open incase we test up higher for a 3rd touch point at purple resistance.
BTC Fueling Up For Journey To 28K???Here on my weekly chart we have a couple of interesting trend lines. First we have a MASSIVE triangle pattern which dates back to July 2017 continuing to coil up currently. Things to consider is that we have not had a new macro higher high in about 2 and a half years, so that being said we COULD still be in a down trend facing resistance ready to plunge currently.
HOWEVER! the fact that we hammered up so fast toward our horizontal resistance as well as the very top of our triangle resistance without getting a violent rejection makes me think the price is currently tapping away as resistance getting ready to smash through. The measured move (height of triangle) would give us a price target of about 27-28k usd. On top of that if we break out of my top resistance triangle line it looks like we will also be breaking above my purple horizontal resistance setting a long awaited higher high. In my opinion this pattern is NOT valid until we see a confirmed breakout but I have been following all white weekly trend lines very closely since March and they've been playing out exactly as expected. EVEN THE COVID DUMP TESTED MY TRIANGLE PERFECTLY!
I assumed after we broke my first line there that we could coil up between my trend lines before a proper breakout. Even with a candle close above my triangle pattern we could hug the resistance as what I would hope to be a flip to support for some time before actually blasting off.
Triangles are my favorite patterns to play so this one makes me excited to watch play out in what could be the not too distance future. With the breakout of a triangle pattern as well as setting a new macro higher high we could really see fomo kick into gear with the start of a proper new bull market cycle which COULD send prices much higher, but 28k is more of a realistic target to shoot for I figure with the measured move :) Of course this isn't an over night type of trade, this is my weekly chart so it would take time to play out IF it does.
Price Action & Psychology - Trend following, pullbackHello !
Key points :
Wide range candles in the direction of the trend
Pulling back after over-extension
Significant support area
After a period of consolidation, the double bottom ignites the new trend. We notice how the wide range candles support the trend.
On the hourly chart, there's a break of the trendline, a retest and a failed attempt to push prices down.
Thanks for reading and if you have suggestions or want to discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it only takes ONE trader to deny your trade.***
