Contraction-expansion
BTC futures Entry Stop and Target with money management -Price is in contraction and building shelf at the high
- buyers will freak out as stops start getting run and fall back into previous swing
- buyers from last low want to step up and buyers that missed the last run will pile in at the higher low.
- stop is under known buyers that held and entry is at buyers that lifted price to new high
- this is based on principles of supply and demand, buyers and sellers and contraction and expansion
- this may work or it may not.
CKB entering an important level!Chart speaks for it self:)
We are likely to see the imbalance being filled
Do not hurry and do something now, momentum is still steady
Use my indicator to know when you should short or long!
Adaptive indicator and normal indicator is linked below!
Targets will be provided as well
GMT SCALPING DOWNTRENDThere seems to be a downtrend on GMT 15 Minute timeframe after the contraction and expansion phases. As long as the trend is respected you could probably make some decent profits.
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Contraction Plotter Indicator:
www.tradingview.com
ETHUSDT SHORT SCALPI found this possible short scalp trade, the value line is the TP and is way below and ETH expanded above and broke the trendline with low volume. A SSL Exit arrow also formed, I am taking a chance with this scalp.
TP1: 1212.03
TP2: 1181.8
SL: 1249.7
Note: A contraction may be forming and the stop loss is pretty tight, I am going to wait for the close of this candle to see if this is an actual contraction.
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Contraction Plotter Indicator which will be able to be bought monthly with Patreon soon:
ETHUSDT FAIR VALUELooking at the ETH Chart you can see that its currently in a Low volume ranging market. ETH is in the contraction phase, just bounced a little from a support zone, and is overall not moving alot.
After this it will have a large move, either to up or the down of the value line this isn't what's important
What will be important is trading the trend after the big move is decided, in which high liquidity stocks, cryptocurrencies, forex pairs, like to go back towards the value line.
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Contraction Plotter Indicator:
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USDJPY H1 Triangle Continuation TradeLooking for the USDJPY to trade higher, but waiting for a breakout of the recent APAC session.
Price action is forming a triangle that is encouraging based on other higher time frame continuation patterns.
Depending on which time frame analysis you generate a trading idea, I am a firm believer that you should manage the trade in the same time frame.
Though if there is a chance of a higher time frame target being reached, after de-risking on the lower time frame, you could leave a runner.
Will Ascending Triangle fail soon?#EURUSD #FX #4H #Tommy
- Here’s EURUSD 4hr chart and I have made an assumption that the bearish wave starting from around 1.23470 is an impulsive wave cycle in Elliott wave perspective.
- It’s currently testing bottom of the orange ascending triangle with top located around 1.11240 and this very wave structure also can be expressed with an orange upward parallel channel.
- At the same time, purple short-term downward trendline keeps showing strong rejections. I will be bearish if bottom of the ascending triangle breaks below first.
- On the other hand, I will be bullish if purple trendline breaks above and even more bullish when it successfully breaks the top of the ascending triangle above.
- If EURUSD successfully breaks ascending triangle above, a considerable resistance area to enter short position is at 1.13100~1.13600.
- This resistance is a confluent zone of blue trendline, top of black channel, top of the orange channel, 0.786 retracement level, HVP pivot level, and inner trendline and is valid only until April 9th.
- If I were to design a short trading setup, it would be as below.
Short (Valid until 04/09)
EP: 1.13100
SL: 1.13970 (-870 PIPS)
TP1: 1.11790 (+1310 PIPS) -> RR: 1.51
TP2: 1.10260 (+2840 PIPS) -> RR: 3.26
$IDEXPrice have been moving in a slightly bearish channel since March, here it formed an ABCD pattern and broke out. Price then tested a bearish trendline and fell back into the channel again.
On the weekly, price have been moving in a massive flag formation with a minimum target at 4.77 dollars if it breaks out bullish. This flag formation has just been broken to the upside and could be setting up for an uptrend to the moon.
From July 14 to July 21 price contracted and lacked liquidity, afterwards it started expanding and tested support from lower breakout line at 2.07 dollars. This push down most likely came from smart money trying to get the stock at the lowest price, without breaking out the price bearish.
Price is still in the expansion phase but with strength from the flag formation it could be testing the upper breakout line at 2.77 dollars. If the stock can break this line, it will go into the breakout phase and we could potentially see some big moves to the upside.
Silver has the potential to continue the uptrend"Contraction" and "Expansion" patterns have been formed and are followed by the First Leg and Second Leg which are marked as confirmation that Silver is continuing its main upward trend.
Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
Gold will go up in the mid-termI was wrong beforehand, it turns out that after being noticed on the H4 time frame, as there has been a contraction and expansion phase, it's just a matter of waiting for gold to rise higher. What do you think?.
Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
CONTRACTION & EXPANSION ON GBPUSD!Hi traders, this will be the trade of the day, it's a contraction an expansion strategy with 4 triggers so let's see if the market will give us a win here.
Note: You can shoot for extended target at the 127.0 Fibonacci extension, if the market does go us from here i do expect it to retest the previous structure at least.
Good luck traders
CABLE IS LIKELY TO RALLY SOON! BUY GBPUSDWe have another contraction and expansion strategy here on the cable and there's a potential for over 250 pips rally in the next few days and this trade has a very good risk to reward ratio. You can either buy or wait for the first rally and then buy after the retracement. So I think we all know how money management is important in trading and when it comes to a trade like this, If I get in at the current entry price I never risk more than 1% of my account and some people might ask, so how the hell do I make profit if I just risk 1% of my account? Well, i'm glad you asked and the reason I do that is because with my strategy everything has to do with the odds so I only risk money on the line when the probability of winning is high, so the probability of this trade being a winning trade is only about 60% and is that good enough? For most people it is but I will not risk more than 1% of my account on such odds. Okay so Joseph, how do you make money then? Okay let me enlighten you, if this market rallies in the next day or so, it will retrace to a certain Fibonacci level and the it will rally again and so the probability of this market given me a second rally after the first retracement is more than 90% so that's where I make my money.....if you are smart you will figure that out.
That's all he wrote!
DAY TRADING! CONTRACTION & EXPANSION! BUY XAUUSD Contraction and expansion strategy. Gold came out of contraction and made a sharp move down and now the market is in the expansion phase and there's a nice buy set up currently so I'm looking for the market to break upside and go all the way to the previous structure high!
DAY TRADING! CONTRACTION & EXPANSION! BUY ETHUSD Hi traders, we have a potential day trading opportunity here on ethereum. It's a contraction and expansion strategy similar to the one I posted yesterday on gold. We can see that the market came out of the contraction a couple days ago and completed the first phase of the expansion yesterday and followed it up by a 618 Fibonacci retracement correction/pullback and now I think it has begun the second phase of the expansion so i'm looking for this market to go all the way up to either the 127.0 or the 141.0 Fibonacci extension level
DAY TRADING! Contraction & Expansion! BUY EURUSDI've been watching EURUSD closely and it has been in contraction over the past couple days and I think it's about to go into the expansion phase so I think It's time to get your long positions because I see us going up in the next few days!
Don't forget to use a good money management plan for your trades because the markets have been so volatile lately so that means lots of opportunities to make money with the right money management plan!
I have a 57% win ratio but I still generate 100% profit returns yearly so you do math! Don't expect every trade to be a winning one because you will be living in a fantasy world. You will take losses and sometimes those losses will come in streaks but the most important things is that you stick to your trade plan. Feel free to check my stats on myfxbook and you will see how good it can be when you stick to your plan and trade consistently!
Any opposing comments. views, ideas or arguments are welcomed!
DAY TRADING! Contraction & Expansion Strategy! SHORT DXYThis is a straightforward contraction and expansion strategy and I'm expecting the market to push down from the current price to around 99.31 and that's where the next structure lies. There is a potential for this market push even further down but let's get to the first target then and we will see.
I'm predicting weakness in the dollar index in the short time so that means you can expect the majority of currencies to be bullish against the USD in the near future!
Any opposing comments, views, ideas or arguments are welcomed!