Consistency
EURUSD SHORTHey Traders! Happy Sunday, let's get this week started right with the Top FX Pairs on my watchlist,
And all the zones I am looking for possible trades in for this week.
Firstly we have EURUSD which for the whole of last week was in an Uptrend.
This pair has just crossed over the 50EMA and is now coming up to a Major WEEKLY Structure Resistance Level . This is a level that has been tested multiple times by the EURUSD. Because of that and in combination with the Uptrend, this will be an area that I am looking at for possible counter-trend continuation to the downside from this area.
Major WEEKLY Structure Resistance Level= (1.13595-1.14250)
Above this,
There's also another Major MONTHLY Structure Resistance Level that has been tested multiple times
Levels= (1.14600-1.15260)
Visa Psychological Resistance 200Possible psychological resistance at $200 a share, wouldn't recommend shorting this as this is a very consistent stock, providing steady returns, however it will be interesting to see what occurs once price has broken the $200 milestone. Also sitting at top of regression trend, which may lead to a small pullback
100 PUBLISHED TRADES - StatisticsToday I published my 100th trade idea. (this excludes educational idea’s)
Here are the quick Stats:
WINS : 49
Losses: 14
Flat trades: 8
Cancelled Trades: 29
PIPS Won: 2,560
Pips lost: 515
A 3.5 to 1 win to loss ratio
A 4.97 to 1 win to loss Pip ratio
*Cancelled Trades: these are trades that were cancelled prior to entry. It is important to understand that I only want High probability trades with good to Great RRR. If market conditions change after the idea has been posted but prior to being triggered, and it no longer meets that criteria, then I cancel the trade. I believe sitting on the sideline IS a position. Some of these trades would have lost, some would have won but I rather just not be in the market.
I would appreciate if you let me know what you think and a like.
Thanks
Allen
Trading strategy: Connect the DotsPlaying around with the charts and this is what came of it. My last idea post is of this same exact pair: GBP/AUD and it shows the overall sentiment of the market on a weekly timeframe if I am not mistaken.Take a look at my last post and put the pieces together to get a more in depth perspective of this pair.
Worrisome Future - Weekly Internal - AFHHello Fellow Successful Traders,
The stock (AFH) appears to be manifesting some alarming (PA) price levels, as we progress further into 2019. There is a probable (positive) swing to the upside within the next few days, but be considerate of volatile markets.
Resistance Level 2 - (21.50 - 21.75) 25 cent interval
Resistance Level 1 - (11.25 - 11.55) 30 cent interval
Key Price Zone - (Entire PA ATM)
Support Level 1 - (0.60 - 0.85) 25 cent interval
Furthermore, the stock itself appears to be immensely volatile indicating a request for greater confirmation prior to entering the market.
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Plan)***
-LionGate
USDCAD to the Earths core?WHATS UP EVERYBODY!
Happy Wednesday traders (:
Heres a fresh markup on USD/CAD. Currently live in this trade and definitely wanted to update my Tradingview family on what Im seeing with this pair.
Hope this helps at least 1 person out! Leave a like and comment if it did!
Also follow me on the GRAM FOR MORE! (:
IG: @issdrake
2 BTC to 20 BTC Trading Challenge - Day 1 (2 BTC)“Maybe this is a game that can be beat.” -Knish in the movie Rounders
I learned how to trade by watching others make decisions in real time. The countless hours of studying theory / different indicators only went so far. As soon as I was ready to implement a strategy I felt like a deer in the headlights.
What helped me more than anything else was watching established traders wrestle with the intricacies that I found so confusing - in real time . Being a Monday morning quarterback is a cakewalk by comparison.
It’s always been very easy for me to look at a chart in hindsight and point to what should have been done and why. However, being able to do that in real time is where the boys become men. Being able to do that in real time while having money on the line is where men become pros.
In this vein I have always done my best to be as thorough with my thought processes as possible while analysing the Bitcoin chart on a daily basis. I have also done my best to be fully transparent with my positions and decision making.
Now I have decided to take it to the next level by starting the 2 BTC to 20 BTC Trading Challenge!
I intend to return 1,000% through trading on margin over the next six months (or less). The reason that I believe that is realistic is because I have done it before and I have done it exclusively trading crypto in the 2018 bear market (March to August).
My motivation for making this challenge public is rather straightforward:
First of all I know that I would not have ever become a profitable trader without getting the luxury of watching others trade in real time. Furthermore, I know that many got completely rekt throughout this bear market and some may be feeling very discouraged at this point.
This challenge is intended to be proof-of-work, not only of my abilities but of Tyler Jenks’ Consensio and of technical analysis as a whole. If I can implement an objective strategy and return 1,000% in less than 6 months then you can do it too!
I share my entire trading strategy and process (completely for free) so there really is nothing stopping you other than yourself. The strategy and process are very objective and therefore very repeatable. Very little discretion is required once one understands Consensio (will take much longer than you expect).
In my experience one of the main factors that holds back new traders is swinging for the fences with every trade. Trying to find that one position that is going to lead to life changing money. That is a loser mentality and it is impossible to consistently win with that thought process.
Focus on batting average, do not focus on hitting home runs. If you are able to patiently grind it out on your leather ass, à la Knish in Rounders, then this might be a game you can beat!
If you are like myself then you are probably thinking something along the lines of:
“this sounds way too good to be true.”
If that is your conclusion then you are mostly right. I do not intend to share this information free of charge after the challenge is complete.
I intend for this to be a jumping off point for a private group and / or website. I am giving this all away to gain a following. Once I do then I will be moving my operation elsewhere and looking for opportunities to capitalize.
So if you are reading this and the challenge is not finished then you are in luck! Take full advantage of this opportunity and commit to learning how to consistently beat every market whether it be bull, bear, flat, parabolic crypto, stocks, commodities or forex!
Starting today I have a 2 BTC bankroll and I am not in any positions. I will make a daily post, or as close to it as I possibly can, to share the results of every single trade in real time. The Bitcoin Daily Update will remain and the Trading Challenge will be little more than a ledger of my positions and results.
A Potential long NZDUSD awaits...Looking for price to retrace bearish until 0.66018 ( 0.5 fib level) before potentially opening up for a bullish continuation. Last week we saw price move very bullish until the 0.66856 zone where price found resistance and looks like its gaining momentum ( retracing) before completing the move at the 0.67779 zone.
Do not rush to enter, always wait for price confirmation a bullish reversal candlestick pattern. If you are more conservative you may wait for price to move bullish then retrace before you enter.
SL - 0.65333 ( At the red line) . I Risk no more than 1% per trade.
Happy Trading!
Possible Trade on GME? What do you guys think?GME broke out of a beautiful symmetrical triangle. I can buy on the break above the upper supply area. However, it has recently been downgraded to a zacks rank of 4 (sell). There is however a possibility of a buy out which would result in significant move to the upside. Also, zacks analysts do not expect GME to meet earnings estimates which is not too far away. I will go long in my paper trading account to learn from such a situation.
Buy ALDR on bullish closeALDR was recently upgraded by zacks to a rank of 2 (buy). ALDR is in the healthcare sector which has been doing well over the past 6 months. It is currently making a nice move up with higher highs and higher lows ( Ascending triangle). There may be a couple more days of consolidation so I will wait for a bullish confirmation with some strong volume to support the move. There is some overhead resistance to look out for ( I have highlighted this are in red ). The risk reward ratio on this trade is gorgeous. Almost 1 to 4 . I will take some profits at 1 to 2 and let it ride the rest of the way while continuously tightening my stop loss.
NANO XRB (raiblocks) - Takes a Lickin' and Keeps on Tickin'Ok... so this is more about my deep love for Nano then it is about this chart.
I'm still a novice with Elliot Wave projections and/or Elliot Waves in general...
and this is prolly way off from what is to come, but what the heck.
Don't taze me bro!
I think NANO is the Jerry Garcia of cryptos. You can never count it out. Like Jerry who might seem to be having a bad night, but then plays a solo so profound you start crying. You could never count Jerry out. He had a way of rallying on rough nights. And the same goes for nano.
It got it's ass kicked by the Bit Grail hack... but comes on back like it always does.
I got into it on Dec.11 when it was #74 on coinmarketcap, with 100,000,000 market cap, was still called Raiblocks, and for me was $1.06/0.00005999 satoshi.
It has been my best performing alt coin in pure profit. Even more then the litecoin I scored at $80 before it went vertical.
Even today, after it's struggles... the $200 of btc profit I threw at it is worth $2,716. No other coin I hodl has performed as well or as fast.
I discovered it during a coin market cap bloodbath day, where everything was in the red and many coins bleeding percentages over 20%.
All of them!
And there was Raiblocks, all in the green, up 28%, and with an extremely steady diagonal 7 day growth line,
and showing nowhere near the volatility that you could see in all the other 7 day windows.
So I checked it out, and was impressed by the tech and the community, At the time there was like ZERO youtube shilling on it.
It was the great unknown sleeper.
Between Dec. 12 and Jan. 6th... it moon shot up to $36.00... over 30x gain for me. It climbed up to #22 on coin market cap,
with a Market Cap of over 3 Billion.
When it calmed down, it was holding pretty steady around $20 when the the whole market tanked.
And then to top it off, the Bit Grail fiasco knocked it down to approx $8 bucks.
But since then it has regained some momentum, hanging out around $15 to $16... and I expect it to continue to climb.
When it goes down... I just know it will come back up... usually sooner then later.
I could go on about the tech... but you can find that many other places now. I just wanted to give a shout out to a coin I truly believe in.
I actually LOVE this coin, and it remains my fave of them all.
If you've never really looked into it, or thought it was a Pump 'n Dump or whatever... give it a thorough vetting.
I think it's still a bargain at $15. One of the things I like... it's circulating supply is the TOTAL supply. 133,248,289.
That's all there is, and all there ever will be. It has more room to stretch then all those coins like Cardano or Tron with 25 or 65 BILLION already in circulation and more waiting in the shoot!
Thanks for reading all this if you did. Again... not sure about my chart... but I DID want to share my love for raiblocks/NANO.
Cheers!
Top 3 Most Consistent CoinsDuring the past couple of month, the crypto market has been going through two major phases.
The first phase, that took place during December 2017, was a strong uptrend amongst most coins, substantial growth, and almost a non-stop rise.
The second phase, that took place During January 2017, was a consolidation phase, where most coins have been correcting down strongly or consolidating.
But there are coins with a better performance, that have shown great stability and consistency during both phases. While most coins were suffering they proved to be the most stable in comparison to the rest cryptocurrencies.
And the winners are:
0X
EOS
NEO
AUD/USD POSSIBLE LONG BASED ON DAILY ANALYSIS. 10:34 am - AUD/USD 1HOUR CURRENTLY SITTING ON 50ema AND RANGING IN A 'BULLISH' FLAG PATTERN.
ENTER LONG UPON BREAK OF CHANNEL.
Daily 123 Gr4d candlestix .
1st Target Gr4d the close above '2'
right now looking for confirmation on 1hr & 4hr timeframe for a Cgr4d within the Flag/Channel.