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Long Term Nasty Nas PredictionAs I look over the higher time frame for Nasdaq I start to see the potential for further downward movement. Knowing that the market does 1 of 2 things (rebalance or seek liquidity) it makes sense that the price would reach for a full symmetrical price swing (noted by the eye mark). This mark is in confluence with an institutional position that would have been held in a drawdown that needs mitigation. Now we have a narrative with confluence that backs the possibility of price reaching this level. Keep in mind that this play will most likely take a long time to complete but I think that ultimately it is where we are heading. Trade safe and secure the bag.
OANDA:NAS100USDShort
by MarketWarriorFX
GBPUSD BULL MOVEHere we can see a nice cup and handle pattern formed on the 4HR and 1HR chart which is more confirmation of my earlier analysis on the WEEKLY time frame. I personally use the 15M time frame for execution and entry and use the 1HR for perspective of momentum throughout the day. As you can see I have lined up entry point and TP points on the 15M time frame. The expectation from my point of view is that smart money will do a liquidity sweep and take SL from retail traders that bought the price at the low before the price enters into a strong bullish trend. So that is why my entry is at a low price in expectation of this but as traders we all know its a game of probabilities not certainty so I will be monitoring the market open tonight closely to see how the market is reacting. If price moves and hits both TP then I would then wait for the breakout of the cup and handle line and enter the trade again.
Long
by Kbiz_fx
ETH - Getting close to the end of correctionCOINBASE:ETHUSD is getting close to the end of this correction. Are we finished here or do we get to 2k before the final sell off to 6-700?? For me its still looking corrective and a move to 700 is likely to be coming shortly. What will be the catalyst for the next move lower? Trading much like the stock market, We have just come off a week where US Interest rates were raised, big earnings from the major companies and the onset of a recession due to 2 negative GDP quarters and yet the markets are higher.. 🤔🤔🤔🤔 2 CIT Windows on the 6th and 19th of August. These will be crirical for direction. Wait to see what next week brings and go from there.
COINBASE:ETHUSDShort
by L_F
2
🟢 Forgive them for they know not what they do!In this blog post you will learn what to do when your friends and family think you are gambling by being a trader. First of all let me start by saying this... If you are a gambler (And YES, you should know that!) then this is NOT for you and you should seek help. But if you are someone who is looking at trading as a potential future source of income then my advice would be very different. I would say NEVER. GIVE. UP! Throw yourself into this world totally and completely and you will reap the rewards. It takes a leap of faith, trust and good judgement to do this successfully and consistently year after year. A very special individual. A professional. An expert. Now, as far as others (especially family) dictating to you what you enjoy doing with your life? My answer would be to take it into consideration, be a professional and understand where they are coming from. If your answer is still yes then you should not care about what they THINK of you! Be confident, be courageous and maintain tunnel vision. THIS is what it takes to become a Trade Ninja. Are you prepared?
COINBASE:BTCUSD
by NinjaTradingServices