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USDCAD long / Bull continuation pushing to 1.30Hey again! We just took a long on USDCAD, right after the WTI short as per the related idea. We see good reasons for USDCAD to trend higher today, and perhaps even push to the 1.29715 price level which is listed as our next potential profit target on the 4H chart. (left) In regards to what we see, its simple, 4H chart: - Pirce is above the middle of the DC and currently finding support at the 61.8% fib, both of these are bull indications, while RSI 5 is pretty low. 10M chart: - Another test of the recent 30% zone fibs with a contraction / wedge leading to the fibs. (this is a strong bull indicator based on the primed system) Thats all! See you again soon!
Long
by PrimedGroup
3
GBPUSD Potential Bull Reversal Whats up yall, back with another idea. This week has been especially hard for me to trade but its not stopping me, just making me even smarter. Without any further explanations, lets hop into this one. This early morning we can see price gradually dropped during early London session, and now we are at a point of liquidity, we can tell by the extreme candles going in every single direction besides a trend. So this is telling me price is preparing to do something. We do some further analysis and see that we have a potential liquidity zone which I have marked in purple. We can use this in aiding us determine which direction price will decide to go, just by waiting for a candle to close outside of the box either on the bottom or the top, then waiting for a supporting candle to back our chosen direction. Price has been downtrending lately so short orders would seem more reasonable, however, it is still very possible for price to decide to reverse as soon as NY session starts. Not too much in terms of technical structure today but we can work with what we got. Yall let me know how you feel about the idea, LIKE AND FOLLOW FOR MORE!!!
Long
by fastboiijd
Quick Scalp on NVXOn the daily it was a massive bearish candle with a bearish volume as well. So I thought ill go shot with this one, it also had a massive bull run for the past 5 days, so a pull back was due. 1 min: it did gap down and open at $3.10, waited for a pull back and got in at $3.10 with 1000 shares. Just only made about 5 ticks because I saw on the depth it was about to squeeze me out, so I got out quickly and lucky I did. Not my favorited trade but it will do. Spark: On spark I saw it was going to gap down a lot so I have to be careful if it recovered. At 10.07am that’s when I got in, when I saw there was more sellers than buyers were thinning out that’s when I got in. Once I saw that $3 did not break and there were buyers jumping in front of it, I knew it was not going to break, that why I got out at $3.07 10.10am and the spread was so bad.
ASX:NVX
by MustafaOzak23
EURUSD - Day trade by Keltner - Stochastic - ADX 28 Jan 2021Risk/reward: 1/1, 1/1~2 | Entry by: Upper/Lower | Keltner crossing: 2 | Candle not entry: 80% | Stochastic: 80/20 | Adx: 31/9/9 | Notrade friday Max risk: 2% - Risk / reward: 1/1, 1/1~2. 1. Trend identification: ... Keltner: Price Through Upper / Lower 1 gives 1 point. 2 points are eligible for entry. ... Stochastic: ...... k> 70: Uptrend. k <15: Down trend. ... ADX: 31 provides strong trend following signal. 2. Entry point: ... Price corrects to Upper / Lower when 3 conditions Keltner , Stochastic & ADX indicator meet. 3. Not trade friday.
Short
by dinhchien
NZD/JPY 1/26/2021 16:30 (DEMO)NZD/JPY 1/26/2021 16:30 DAYTRADE Fundamental/Sentimental News Events: News events too far away to affect price within the lifespan of the order. Market Sentiment: Technical Time Frame Analysis: Reason for Trade: Exhaustion on an impulse at a resisting trend, strong 61.8 structure and a supporting trend seemed like a good landing spot for price. Indicators: RSI checks out. Relatively high with potential for a few wicks to enter into the order. Entry Order: Limit sell at 75.109 Position: 0.03, 5000USD RR: 3.12
Short
by Mike_McCarthy
1
GOLD POTENTIAL PLAY Gold Gold Gold, such a wonderful market to trade, such a beast to master. Whats up guys, i never show ideas for gold, but i think its about time i start posting more on here so this is the first step I suppose. Lets hop into it; as we can see, gold is in somewhat of a consolidation zone marked in purple, and this is telling us either price is preparing for a shoot upwards, or a shoot downwards. It really depends on the close of the next hourly candle in my opinion. So using price action, we will have 2 scenarios: Price closes bullish and continues upwards (this can be a doji as well, as long as the candle is a bull candle). In this instance, we would move to the smaller timeframes and search for a potential entry for a buy and ride the wave to the green I have marked up for a nice little scalp on the day. Scenario 2: Price closes BEARISH (Engulfs the last bull candle, and stays under the 2 ema's I have marked on my chart). In this instance, we would be searching for short positions and place our stop loss just above the upper level of this little consolidation zone and rice the wave to the lower wick marked by the support line I have on bottom Which ever may be the case, we must be patient in our approach and resist the urge to hop in the market early just because we might thin we know where price will go. Just wait, and trade WITH the market. Not ahead, and not behind; WITH the market. Trade safe, Trade smart, Trade Precise, we got this
OANDA:XAUUSD
by fastboiijd
GBPUSD Potential Reversal...Whats up guys, Im back with yet another idea. We posting early this time but its time for me to get on my trading view grind for real. This on is fairly simple right now, and it involves 2 potential resistance levels. The first, which is marked in blue and the second marked in red. Price was pushing down heavily during the night and completely reversed during the Morning of London session. Like i always say, price tends to reverse London's direction during the New York session. This doesnt always happen but its fairly common. As we look at the first level of support i have marked, we can look back on the hourly chart and see that price has been here a number of times, clarifying this level as a semi strong resistance. If price breaks pas this level, we can wait for price to hit the red line i have marked and observe orice action from there. Not a lot of hints from the market right now since we are in the middle of a move it seems like. Whenever price is in the middle of a move up or down, its wiser to stay on the side lines and wait for consolidation or rejections of some sort. With that being said, traders, be patient this morning and wait for clear indications from price on potential sell opportunities, i see on the RSI that we are over bought heavily, yet another indication of a potential reversal in this bull run. The candles have been bullish in nature however, so this could be completely off and price just continues to shoot up... TRADE SAFE, TRADE PRECISE, AND TRADE IN FLOW!
by fastboiijd
EURUSD - How to find the better orderIdea: to search a rule of trade give the profit percent over 60% in the risk/reward 1/1. Next to find the zone for order there is risk/reward ratio more 1/1 (1.1, 1.5, 2...). ----- Step 1: I found the rule from 1/1/2020 to 26/1/2021 has the profit percentage over 60% (63.1%). The net profits is 101,841.5%. Step 2: I found the second order at Fibonacci 65% (the risk/reward: 1/~2) to have the best result. First result with only one order has net profit is 101.841 percent, the second order is 245.,241% (risk/reward 1/~2). ---- How the strategy do below: 1. Trend identification: ... Keltner: Price Through Upper / Lower 1 gives 1 point. 2 points are eligible for entry. ... Stochastic: ...... k> 70: Uptrend. k <15: Down trend. ... ADX: 31 provides strong trend following signal. 2. Entry point: ... Price corrects to Upper / Lower when 3 conditions Keltner , Stochastic & ADX indicator meet. 3. Not trade friday.
Long
by dinhchien
2
AUDCAD - How to find the better orderIdea: to search a rule of trade give the profit percent over 60% in the risk/reward 1/1. Next to find the zone for order there is risk/reward ratio more 1/1 (1.1, 1.5, 2...). ----- Step 1: I found the rule from 1/1/2020 to 26/1/2021 has the profit percentage over 60% (61.4%). Step 2: I found the second order at Fibonacci 60% (the risk/reward: 1/1.5) to have the best result. First result with only one order has net profit is 103.303 percent, the second order is 303.197% (risk/reward 1/1.5). *** When the first order actives wait for order Limit at Second entry. ---> How the strategy do at below: 1. How to fill color the Keltner Channel: ...All Upper, Basis, Lower inscreased to fill green. ...All upper, basis, lower descrease to fill red. ...One of the Upper, Basis, Lower is not the same direction fill gray color. 2. How to calculate a Trend: ...If the Total of 25 candles > 0 to give Uptrend. ...If the Total of 25 candles < 0 to give Downtrend. 3. How to entry. - Buy's entry when the Color is up and the price crossunder the Basis. - Sell' entry when the Color is down and the price crossover the Basis. 4. How to calculate the Stoploss and Take profit:
Long
by dinhchien
1
AUDCAD - Day trade by Keltner Channels - 25 Jan 2021Entry 1: R/R 1/1 Entry 2 is at fibonacci 60%. R/R 1/1.5 ------ 1. How to fill color the Keltner Channel: ...All Upper, Basis, Lower inscreased to fill green. ...All upper, basis, lower descrease to fill red. ...One of the Upper, Basis, Lower is not the same direction fill gray color. 2. How to calculate a Trend: ...If the Total of 25 candles > 0 to give Uptrend. ...If the Total of 25 candles < 0 to give Downtrend. 3. How to entry. - Buy's entry when the Color is up and the price crossunder the Basis. - Sell' entry when the Color is down and the price crossover the Basis. 4. How to calculate the Stoploss and Take profit:
Long
by dinhchien
JAGX Bullish Trade ContinuationHello fellow traders, If it fits your trading strategy and set up rules, JAGX currently offers great risk-to-reward potential to the upside. Although the larger context is bullish, the weekly timeframe recently completed its expansion and began its corrective phase while maintaining its recently established value. On the lower timeframes we can see a steady correction which don't show any signs of downward conviction on a higher than intra-day timeframe. In the event that the higher timeframes continue to their correction, there are great odds for a stronger dip below current value before the probable move upwards. Let me know if you like the idea with a thumbs up. Enjoy your day.
NASDAQ:JAGXLong
by Elexzo
Bullish analysis projected for the next moments in ETHUSDT 4HTechnical analysis regarding the price of ETHEREUM in relation of dollar Tether for the next scenarios, based on 4h movement. The price has been moving in this strong upward trend, making its corrections. Note that there is a very relevant and significant resistance region right after. The price respected this support region that was formed and is moving sideways (accumulation) towards this upward trend line. I believe that the price may break this resistance and continue with its main trend, as it is forming funds/upside tops near this region of resistance. Note that the price is being driven by the 34-period EMA. disclaimer *** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
Long
by luizhcruz
1
IPOE : PRICE ACTION & VOLUME / MOMENTUM TRADESpeculative / Trading the Narrative SoFi going public at $8.65B valuation via merger with Chamath's Social Capital Jan. 07, 2021 10:59 AM ETSocial Capital Hedosophia Holdings Corp. V ( IPOE )By: Liz Kiesche, SA News Editor Social Capital Hedosophia Holdings Corp. V (NYSE:IPOE) soars 30% after Sofi Finance (SOFI) confirmed a Reuters report that online lending startup is nearing a deal to go public by merging with the blank check company lead by VC investor Chamath Palihapitiya. Update 12pm: Palihapitiya confirmed the news in interview on CNBC and a press release was issued Transaction values SoFi at an equity value of $8.65B post-money and is expected to provide up to $2.4B in cash proceeds, including a fully committed PIPE of $1.2B, and up to $80M of cash held in the trust account of Social Capital Hedosophia. Palihapitiya-sponsored special purpose acquisition companies have already signed deals to take Opendoor and Clover Health public via mergers. seekingalpha.com
I
by TradingMavericks
7
$SNRY Sky HighhhSolar Energy Initiatives, Inc., together with its subsidiaries, markets and sells solar power products, systems, and services in the United States and the Caribbean. The company primarily designs, markets, and sells solar power systems for residential and commercial customers; and designs, markets, sells, owns, and operates solar power systems for municipal and commercial customers, as well as designs, develops, and manages solar parks. Its products include photovoltaic panels, photovoltaic roofing systems, solar thermal products, balance of system products, and management system products. The company was formerly known as NP Capital Corp. and changed its name to Solar Energy Initiatives, Inc. in September 2008. Solar Energy Initiatives, Inc. was founded in 2006 and is based in Cary, North Carolina.
OTC:SNRYLong
by BADQOMOCAWGOWLD
AUDCAD - Day trade by Keltner Channels - 22 Jan 20211. How to fill color the Keltner Channel: ...All Upper, Basis, Lower inscreased to fill green. ...All upper, basis, lower descrease to fill red. ...One of the Upper, Basis, Lower is not the same direction fill gray color. 2. How to calculate a Trend: ...If the Total of 25 candles > 0 to give Uptrend. ...If the Total of 25 candles < 0 to give Downtrend. 3. How to entry. - Buy's entry when the Color is up and the price crossunder the Basis. - Sell' entry when the Color is down and the price crossover the Basis. 4. Second Entry: actives when the first Entry availabled. Entry price at the 60% Fibonacci retracement.
Short
by dinhchien