Get started

Community ideas

A Trade as Simple as "Shooting Ducks in A Barrel" Soybean ShortIf you follow my channel, you know I love to trade a strategy that I like to call "Ducks in a Barrel". Its a strategy that is as easy as shooting ducks in a barrel. We have a setup forming on the Daily timeframe for the Soybeans market. Step 1: Identify trend (I like to see the 52 & 39 period SMA's sloping strongly and pulling away from each other). In the case of Soybeans, we see a strong bearish trend. Step 2: In a down trending market, we want to see an asset become OVERVALUED VS GOLD & US TREASURIES. We see with Soybeans, we are now overvalued on the Daily timeframe vs gold & treasuries. Assets that are overvalued in a strong downtrend are assets that we want to SELL. Step 3: In a down trending market, we want to see an asset become OVERBOUGHT. We see on the Daily stochastic that Soybeans are overbought. Assets that are overbought in a strong downtrend are assets that we want to SELL. Step 4: In a down trending market, we want to see advisor SENTIMENT become BULLISH. The advisors and general public are usually wrong, so when they become overly bullish in a strong down trend, we want to sell into that bullish sentiment. Step 5: We can also look at accumulation/distribution indicators and momentum for further confirmation of our idea. But realistically, we just need to see 2 or more of the above indicators confluent with each other to have a setup market. Step 6: For the Daily timeframe, I utilize the H4 chart for my entry. The safest entry is to wait for 2 full range days to form beneath the 18 period SMA, and from there market enter when the lowest low of these 2 candles is hit. There are other entry techniques to get into the market earlier, but they come with greater risk. NOTE: If you follow my channel, you will know that I am long Soybeans based on my COT strategy. Commercials are close to the max long positioning of the last 3 years (bullish), OI grinding up on the multi-month down move caused by CM's (bullish), paunch forming (bullish), bearish weekly sentiment (bullish), undervalued on weekly vs gold and treasuries (bullish), major cyclical lows (bullish). I have different accounts for different strategies, as sometimes we get conflicting signals. If you have any questions about these "ducks in a barrel" trade setups, feel free to give me a message. As always, I wish you good luck & good trading.
CBOT:ZS1!Short
by Tradius_Trades
15
Meta (META): Watching for a SetbackIt has been a lovely rise within META since 2023. However, we are now continuing to range for some time, which is usually a sign of a possible setback before a continuation. This setback could be beneficial for sustainable growth and further rises. Zooming in, we can observe a range building since February 2024. This range has been respected multiple times so far, and it seems likely to continue. However, the small breach of the top looks somewhat like a Swing Failure Pattern (SFP) and could be a signal of profit-taking by many traders. If we breach through the $440 level, we could see a change of structure if a candle closes below it. If this happens, it would confirm our analysis. Until then, we might see higher prices as this is technically still a bullish trend within this range. Another small indicator supporting our view is the bearish divergence on the RSI. While RSI is a good indicator with a high win rate, it’s not infallible, so this scenario might not play out. Still, this seems the most likely outcome to us at the moment.
NASDAQ:METAShort
by freeguy_by_wmc
5
DOUBLE BOTTOM IN NATURALGASNatural Gas (NATGASUSD) 1 DAY Chart Analysis Bullish Indicators Identified: Bullish breakout above the neckline of a double bottom pattern, previously acting as horizontal resistance. Break of a falling trend line, signaling potential trend reversal. Expanding Demand Zone: The broken structures suggest a new demand zone, increasing the likelihood of a bullish continuation. T arget Level: Watching for price movement towards the 2.10 level. Breakout Confirmation: A strong move above 187.8 will confirm the bullish breakout. Risk Management: make sure to put stoploss Disclaimer: This is a technical analysis based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results. IF THIS WILL HELP YOU PLEASE LIKE THE POST ❤️
MCX:NATURALGAS1!Long
by Shalvisharma5
3
Radiant: High Volume = High Potential For Fast Move! (100%-200%)This chart is so clear that it hardly needs any explanation. For some we go deep into TA, while with other charts we go deep into the psychology of trading. Some other times we focus on courage, inspiration, success and personal growth. Some others are meant for profits; potentially fast growth. ➖ A strong decline is present on the RDNTBTC chart, to the left. ➖ A strong bottom formation is also present and a recovery right away. ➖ The rounded bottom is in and the pair trades back above support. ➖ The most important signal of all is the volume... Notice the really high volume on this one. High volume can be translated, in this case, as a high potential for fast growth. I am sharing this one as a short-term signal but remember, while only 100% is mapped on the chart, there can be more. Plan before jumping in. Remember there is always risk involved. Thanks a lot for your continued support. Namaste.
RLong
by AlanSantana
7
September Effect - Up/Down/Sideways - How I'm Trading ItSummer trading is officially done and the market will be news sensitive leading up to the big bad FOMC Rate Decision on September 18. August's monthly candle is a wild one with a massive wick to the south and the bulls pushed the SPY within a whisker of all-time highs, Dow to several all-time highs, Nasdaq into a nice bullish recovery posture, and Russell the same (higher lows). 6 Central Bank Rate Decisions in September US News on Employment and Inflation all rolling out before the FOMC I'd like to see a seasonal dip or pullback to offer more accumulation opportunities before a run higher. Let's see how it plays out.
NASDAQ:NDX
by ChrisPulver
2
Ethereum - Buy It Now Or Never!Ethereum ( BITSTAMP:ETHUSD ) will offer a final retest: Click chart above to see the detailed analysis👆🏻 Ethereum is about to retest a perfect confluence of support from which a bullish reversal is almost certain. Following the overall bullish trend, Ethereum should retest the previous all time high next and then maybe even follow Bitcoin and create new all time highs going into 2025. Levels to watch: $2.000 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:ETHUSDLong
by basictradingtv
36
X, Starlink and Tesla: Musk's Conflicts Shake Wall StreetElon Musk's companies, X (formerly Twitter), Starlink and Tesla, are in the spotlight on Wall Street, impacting risk perception and market volatility. X faces blockades in Brazil after refusing to remove profiles linked to the far right, which has led to regulatory tensions that extend to Starlink, whose satellite internet service has been affected by the blocking of accounts to secure fines imposed on X. Simultaneously, Tesla remains a key player in the tech stock market, but regulatory challenges faced by Musk on different fronts create uncertainty about the future performance of his companies. The lack of a legal representative for X in Brazil, along with the closure of its offices, illustrates the complexity of managing these controversies, which affect investor confidence. The tensions come against a backdrop where Wall Street is closely watching the Federal Reserve's moves on interest rates, with the first expected adjustment of 25 basis points this month. Although these measures aim to stimulate the economy, any data surprises could increase volatility in the markets, which have already shown significant ups and downs in recent weeks. As investors look for stability, the conflicts of Musk and his companies add to market volatility, demonstrating how regulatory and political challenges can significantly influence the performance of tech stocks in the coming days. Five key points will need to be watched: • U.S. employment data. • The aforementioned volatility. • Rate cuts by the Bank of Canada, being its third consecutive rate cut at its meeting this Wednesday. Canadian economy showing mixed signals, having flat growth in the summer. • Pressure on oil prices, caused by increased expectations of a supply increase by OPEC+ starting in October. Brent and WTI posted weekly and monthly losses, as US rates add pressure. • Economic data from China, Caixin manufacturing PMI data for August was released today, and that expected a slight recovery although in August manufacturing activity fell to its lowest level in six months, increasing pressure on Beijing to implement economic stimulus measures to strengthen domestic demand. Looking at the chart of TESLA, Inc (ActivTrades Ticker: TSLA.US) we can see that the price of tesla has pulled back considerably since November 2021, giving itself a relatively sustained downward channel for 3 years. This year 2024, since April a price recovery trend has formed, not without highlights caused by the company's lack of results compared to its competitors. The direct impact of the X and Starlink blockades on Elon Musk's main company will have to be seen at this time. At the moment RSI has indicated a strong sell signal on July 8 that moved the price from $272 to $183. Currently the Checkpoint is around $195.50 and comes from a corrective candlestick sequence. If we go to the more charting aspect, a clear bearish pennant has formed so there could be a new correction to the lows, following the current trend pattern, which would move Musk's company in the direction of $101 or at least to $138.88 which is the support area of the last impulse. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
NASDAQ:TSLAShort
by ActivTrades
6
USD/JPY trade setups using 146.50 for protectionSitting in the middle of its recent range at the beginning of a week laden with risk events, 146.50 looms as a potential level USD/JPY traders can build setups around. With price and momentum breaking their respective downtrends last week, and with no meaningful sign of further deterioration in the US labour market based on recent jobless claims data, buying dips is preferred to selling rallies near-term. Given that view and proximity to 146.50, one potential setup would be to buy a clean break above the level with a stop below for protection. Traders could target 149.70 which is where the former uptrend dating back to early 2023 now intersects with horizontal resistance. Traders could also buy around these levels with a tight stop below for protection, although that screens as a lower probability setup despite what would be entry at lower levels. While price momentum looks to be shifting higher, should USD/JPY continue to be capped by selling at 146.50, traders could look to sell below the level with a stop above for protection. 143.60 is one potential target given it attracted buying support on several occasions during August.
Long
by FOREXcom
3
DOGE: A Bullish Rally or Another Trap? What You Need to KnowYello! Could we be on the verge of a major #DOGEUSDT rally? Or is another fake-out looming? Let's dive into the latest analysis of #Dogecoin! 💎#DOGE is currently displaying strong potential for a bullish continuation from a critical support zone at $0.096. We've been tracking #Dogecoin closely as it follows a falling wedge pattern, and it now appears ready to break above the descending resistance line. The next target? Internal resistance at $0.151 — a key level that could set the stage for a bigger move. 💎If #DOGEUSDT holds strong at this critical support, we might witness a significant rally, echoing previous market surges. A breakout above $0.151 could pave the way for an advance toward the next resistance zones, potentially driving the price even higher. 💎But here's the catch... It’s essential to stay cautious. If momentum weakens at this support, we could see a pullback to the lower support area around $0.080-$0.087. 💎Keep a close eye on CRYPTOCAP:DOGE ’s price action! A daily close below this demand area could invalidate the bullish scenario and trigger further declines. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
14
BTC Bitcoin Correction Outlook 4 hour Chart Extended AnalysisBTC Bitcoin Correction Outlook 4 hour Chart Extended Analysis In this 4-hour short-term chart, we observe both a triangle and a bearish rising wedge that have been broken, signalling potential downward momentum. Additionally, we now see the formation of a bear flag, which is typically a continuation pattern. We can also see several support lines that highlight important levels to keep an eye on. The identified targets include: Bear Flag Target: 54,541 Bearish Wedge Target: 50,000 Maximum Correction Target (Triangle): 45,000 These targets closely align with the Elliott Wave C wave projections: 0.618 Fibonacci Extension: 56,764 1.000 Fibonacci Extension: 54,023 1.618 Fibonacci Extension: 49,589 My current outlook suggests the possibility of establishing a double bottom around 50,000, although it's too early to confirm this scenario. On the weekly chart, the inverted Head & Shoulders formation, Cup & Handle pattern, and the Descending Broadening Wedge, along with the bull flag, remain fully intact. These patterns support long-term targets for Bitcoin ranging between 150,000 and 325,000 in 2025. Happy trading and good luck! Disclaimer: This is my personal analysis and should not be taken as financial advice. Always conduct your own research before making any investment decisions.
INDEX:BTCUSD
by PegasusTechCharts
10
8/31 bitcoin.Hello, this is Full_Time_Trader88. Let's dive into the Bitcoin market analysis for August 31st. (Please note, I do not engage in any paid promotions. This post is purely for informational purposes and should be used as a reference.) (15-Minute Chart - Layer Structure) Bitcoin appears to be forming a "layered structure," where support and resistance levels act as distinct "layers." This structure provides a clean and well-organized chart view. Layer 1: $57,750 - $57,928 Layer 2: $58,655 - $58,876 Layer 3: $59,614 - $59,794 Layer 4: $60,060 - $60,249 This structure was drawn two days ago and remains relevant today. (Anything above Layer 4 could be considered the "roof.") (Remember Layer 1 for later.) (1-Hour Chart - Head and Shoulders) On a broader scale, a "Head and Shoulders" pattern is visible, which typically signals a bearish trend. The neckline of this pattern aligns with the "Layer 1" zone. If Layer 1 is broken, it could lead to increased selling pressure. (4-Hour Chart - Divergence) On the 4-hour chart, a bullish divergence was observed, which led to a minor rebound. However, the full potential of this divergence hasn't been realized yet. As long as the previous low of $57.5K holds, the market may still be influenced by this bullish divergence. (If $57.5K is breached, it could trigger the Head and Shoulders pattern.) (Daily Chart - Candlesticks) Recent daily candles show minimal fluctuations, with the last four candles not moving more than 1%. This tight range suggests an accumulation phase, which often precedes a significant move. (We might see an expansion phase soon.) (Daily Chart - Bollinger Bands) The middle line of the Bollinger Bands, which corresponds to the 20-day moving average (20MA), has been a strong resistance level. Breaking through this level is crucial for a potential trend reversal. (Daily Chart - Bull Flag Pattern) On a larger scale, a "Bull Flag" pattern has been forming over the past 170 days, including a "flagpole" phase that extends the pattern to over 220 days. This large-scale pattern is critical, and its resolution could determine Bitcoin’s trend heading into the end of the year. (All movements in the past six months have been within this pattern.) The Bull Flag is typically bullish, but only if it breaks upwards. A downward break would be a significant warning sign. The short-term layered structure is crucial. Breaching Layer 1 could activate the Head and Shoulders pattern, posing a risk. Bitcoin is accumulating energy during its sideways movement. All of this is happening within the larger Bull Flag pattern, which could dictate the year-end trend. For short-term trading, focusing on the 4-hour chart or lower timeframes may be more practical. That’s all for this brief analysis. Please use it as a reference. Thank you for reading. Your likes and subscriptions are greatly appreciated! • This is not a buy or sell recommendation. • It represents a personal perspective and is for reference purposes only. • All decisions and associated responsibilities are solely yours.
by Full_time_trader88
16
Apple is a great buy once it exceeds 240! The stock experienced an extended period of consolidation, during which it formed several bullish chart patterns, including the Double Bottom and Rounding Bottom. After the price broke above the neckline of the Rounding Bottom, the stock surged to reach an all-time high close to the 237 level. Since then, it has retraced nearly 17%-18%, returned to its support level. Now, with a robust rebound underway, the stock is approaching its resistance zone, and there are strong expectations for a significant breakout. The optimal buying opportunity lies just above the 240 level.
NASDAQ:AAPLLong
by NaranjCapital
25
Nvidia Fails to Wow Traders. What to Make of Its Earnings ReportNvidia stock (ticker: NVDA ) is up nearly 3,000% in the past five years. Back then, in 2019, no one really cared about its earnings report as it was known mainly for its niche products targeting geeks, gamers and crypto miners. Now, when Nvidia reports, the world listens. Everyone and their moms were glued to the screen Wednesday afternoon when the company released its quarterly earnings report. The numbers were good — triple-digit growth was there and guidance was calling for even more growth. Yet investors proceeded to dump the stock. Big time . Shares lost as much as 10% of their valuation in after-hours trading before Nvidia fans scooped up some of those bruised gems at a discount. Nvidia is worth $3 trillion (depending on the day) — that’s about 6% of the massive $50 trillion valuation of the S&P 500. The lofty price tag is largely due to Nvidia leading the AI boom with its chips being the hottest commodity in the tech world. As a result, Nvidia has turned into a top pick among the thousands of stocks available out there. That gives you an idea of this stock’s important role. Markets are placing so much significance on Nvidia’s earnings update that you might as well put it on par with the jobs report or a Fed event. Good but Not Absolutely Mind-Boggling Amazing Analysts: We expect revenue growth of 115%. Nvidia: Here’s 122%. Analysts: Nooo, why not a bigger beat? Disappointed! Nvidia posted another blockbuster quarter with $30 billion in revenue, up 122%, surpassing Wall Street’s estimates of $28.7 billion. Earnings per share landed at 68 cents a pop, up 152%, eclipsing consensus views of 65 cents. Thanks to the wide profit margins, Nvidia pocketed some $16.95 billion in net profit. It did say, however, that gross profit margins narrowed quarter on quarter. For the three months to July 28, Nvidia generated an adjusted gross margin of 75.7%, down from 78.9% the previous quarter. Full-year gross margins are projected to sit above 75% while total revenue is expected to hit $120 billion. With Great Returns Comes Great Responsibility Here’s a harsh truth: the bigger you become, the higher the expectations for more breakneck growth. Nvidia’s revenue blasted by a supercharged 265% in the previous quarter. And if 122% can’t keep shares above the flatline, then Nvidia’s rapid expansion has turned against it. And by the looks of it, that growth is going to be increasingly challenged. Large-cap rivals are threatening to chip away (pun intended) at Nvidia’s dominance, potentially taking from its market share, diminishing the profit margins and pulling some of its Big Tech clientele. For the October quarter, Nvidia chief executive Jensen Huang projects revenue of $32.5 billion, which exceeds the average consensus of $31.7 billion. But, then again, it doesn’t exceed it by a lot — and that didn’t sit well with the overly optimistic investors out there. Not everything was above market expectations. Nvidia’s next-generation AI chip — Blackwell — still hasn’t started shipping and that unnerves some stock holders. Huang tried to assuage investor fears during the earnings call, saying that despite some design-related delays , Blackwell will ramp up production as expected and will bring in “several billion dollars” still this year. In a move to instil confidence and maybe patch things up, Nvidia authorized a juicy $50 billion stock buyback, which is a mere 2% of its market cap. What are you doing with Nvidia’s shares? Are you a long-term holder or looking for the right entry? Maybe buying this dip? Let us know in the comment section!
NASDAQ:NVDA
by TradingView
14
The TradingView Show: Volatility Spikes with TradeStationWelcome to our latest live TradingView show with TradeStation! Kick back and watch this show to learn about the key things that are moving markets and shaping the conversation as the summer trading season comes to an end. What will you learn in this show? Recent Price Action: We’ll analyze the market movements since the "carry trade crash" and see how this has affected various asset classes. Interest Rates: We'll explore the latest developments in interest rates and their implications for trading strategies. Dollar Index: Understand the current trends in the Dollar Index and how it influences currency movements. Currencies: We’ll break down recent changes in currency pairs and what they mean for traders. Then, we dive into a masterclass about Catalysts for Stock Movements, in which you'll learn about the key factors driving stock price changes. We’ll discuss 7 important catalysts to watch for, including: 1. Growth: Look at NVIDIA’s recent performance in AI chip sales. 2. Profit Margins: Examine how companies like META are improving their profitability. 3. Strategic Actions: Consider new leadership and strategic moves, such as Starbucks' new CEO. 4. Business Transformation: Explore how companies like Netflix and Microsoft are evolving their business models. 5-7. Other Key Factors: See how Apple's shift to services fits into the broader market picture. Here are some examples of these catalysts: Growth - Monitor trends like NVIDIA's AI chip sales. Profit Margins - Track profitability improvements, such as with META. Strategic Actions - Look out for major corporate strategies, like Starbucks' new CEO. Business Transformation - Note significant shifts, such as Netflix’s new ad feature or Microsoft’s cloud computing focus. Additional Catalysts - Keep an eye on other important factors like Apple’s expansion into services. Don’t forget to jot down this checklist and join us each month for the TradingView Show, where we spotlight community members and cover educational content across equities, AI, crypto, gold, forex, and more. Compliance and disclaimers: Important information: tradestation.com/important-information/ Disclosure options: theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document ETF prospectus page: tradestation.com/insights/etf-disclosures/
TVC:VIX
by TradingView
2
USOIL (H2) : THE USOIL TARGETTING USD 80.00 IN THE BULLISH TRENDUSOIL (H2) : THE USOIL TARGETTING USD 80.00 IN THE BULLISH TREND According to this technical analysis, the current trend indicates an upward movement for USOIL. Prices are trading above moving average intersections, and the MACD indicator shows positive signs. Considering this, we can consider buying from the current price of $75, with a profit-taking target around $76 per barrel. Additionally, some traders expect the price to rise further, potentially targeting the resistance area around $80. Keep an eye on the market developments and adjust your trading plan accordingly! 1. Technical Analysis: 1. Trend: The current trend for USOIL is bullish. 2. Moving Averages: Prices are trading above key moving averages, which is a positive sign. 3. MACD Indicator: The MACD indicator also shows bullish momentum. 2. Price Levels: 1. Current Price: $71.74 per barrel. 2. Profit Target: Consider buying with a profit-taking target around $75.57 per barrel. 3. Potential Upside: Some traders expect the price to rise further, potentially targeting the resistance area around $80.00. LIKE👍, COMMENT 💬 & FOLLOW ➕, these figures can encourage me to analyze more efficiently for you. My all followers are requested to support me, comment my ideas and share your thoughts in comment box and new comers are invited to follow and support me.
TVC:USOIL
by Ali_Explorer
37
PEPEUSDT.1DExamining the PEPE/USDT chart closely, I’ve identified several elements that stand out in the current trading environment. Here's a detailed analysis: Key Resistance and Support Levels: Resistance 1 (R1) at 0.00000693: This level is immediately noteworthy as the price is currently testing it. A break above could indicate bullish sentiment building in the short term. Resistance 2 (R2) at 0.00001377: Much higher than R1, reaching this level would suggest significant bullish momentum and a possible shift in market dynamics. Resistance 3 (R3) at 0.00001724: This is an optimistic target and would likely require a major catalyst or a shift in broader market sentiment. Support 1 (S1) at 0.00000379: If the price breaks below this level, it could lead to further declines as it represents the most recent low. Support 2 (S2) below the chart’s visible range: The presence of another support below S1 suggests a zone where buyers previously stepped in. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD is currently below the signal line but close to a crossover. This could suggest that upward momentum is starting to build, especially if the MACD crosses above the signal line soon. RSI (Relative Strength Index): The RSI stands at 41.90, which is below the midline of 50, indicating that the market might still be in a bearish phase or at least not strongly bullish yet. Chart Patterns: A downward trendline is evident, marking resistance levels that have capped price rallies. The current price action near R1 could be crucial; a decisive break above this trendline might suggest a trend reversal. Fibonacci retracement levels from a prior rise show significant levels at 0.561 and 0.727, indicating areas where the price found support or resistance before, aligning with our current levels. Conclusion: The current setup on the PEPE/USDT chart suggests caution with a watchful eye on potential bullish signals. A break above R1 and the downward trendline would be a positive sign, potentially leading to tests of higher resistance levels. Conversely, failing to overcome R1 could see the price retesting support at S1, with a risk of falling to lower levels if bearish pressure intensifies. Given the proximity of the MACD to its signal line and the RSI’s position, traders should remain alert for changes in momentum and adjust their strategies accordingly. Setting strategic stop-loss orders and considering the impact of broader market trends on PEPE’s price movement would be prudent.
by MarsSignals
3
Bitcoin: Resistance Now Back To Support?Bitcoin rejected the 56K support and is now testing 64K resistance. Read my previous article to learn how I described this scenario a week in advance. With price at a proven resistance, along with a couple of inside bars suggests momentum continuation higher BUT how much higher? With the coming week typically being the SLOWEST week of the year, expectations should be LOW as far as seeing a push back into the high 60KS. Based on the recent price history along with considering the broader context, I am anticipating the 64K resistance area sticks and price is more likely to see the 60K support over the coming week. Why this scenario over the countless possibilities? My reasoning is simple: the broader context has proven to be a range bound environment. In a range or consolidation, relevant support and resistance levels have a greater tendency to hold. That is the expectation, but whether the MARKET decides to agree with that is another story. This is precisely why having a routine way to CONFIRM the price action is key (this is what my Trade Scanner Pro is all about). The market is currently at a resistance, IF price action confirms a sell signal, the next support is around the 60K area (see arrow). I anticipate buying activity to confirm in such an area. To use this information effectively, you must have certain things figured out. For example, if you are a day trader, it is reasonable to look for sell signals across smaller time frames near the 64K area. Risk can range from 150 to 400 pts (1 min to 5 min time frame) while profit objectives can range from 200 to 500 points max. This is all determined by the parameters of the time frame you operate within. Getting short now and expecting a test of 60K because "its a big move" does NOT account for the associated risk and profit objectives of your relative time frame (Trade Scanner Pro calculates all of this). As I mentioned in my previous article, play the support/resistance levels or don't play at all. This is ESPECIALLY important this coming week which is typically the slowest of the year in terms of average volume. Slows grinds one way or the other, sharp movements one way or the other, lack of follow through, fake outs are all very common occurrences in such an environment. In my opinion, play small, recognize when you are WRONG fast and do NOT cling to hope. For beginners especially, if there is any time to take time off, this is the week. If you must trade, at least trade on paper and learn while protecting yourself from a very highly random market. For the majority of participants, this is a game of CHANCE not skill. The reason is they are misinformed into believing they are cultivating a skill which in reality has NOTHING to do with the outcome of their trade or action. For example, being able to read oscillators, interpreting news and recognizing patterns, etc. Like a slot machine, no matter how good you get at interpreting the animations, fancy images, sounds and buttons, you will have absolutely no effect over the outcomes of your bets. Does it have to be this way in the markets? No, but it is all a function of the quality of the information you choose to consume. Not all information carries the same value. Here's something to consider: IF most of the population has access to the same information as you, chances are it offers NO advantage which means your outcomes are likely random. The skill in this game is being able to recognize value that is overlooked by the broader population while being flexible enough to adjust to changes that only price itself can convey. If you are having a hard time, you are most likely believing the misinformation that you consume. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
19
Bullish rise?EUR/CHF is reacting off the support level which is an overlap support and could rise from this level to our take profit. Entry: 0.94637 Why we like it: There is an overlap support level. Stop loss: 0.93811 Why we like it: There is an overlap support level which lines up with the 50% Fibonacci retracement. Take profit: 0.95768 Why we like it: There is a pullback resistance. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
8
Will the BTC downtrend continue? BTC has down trended for 6 months. When you look at the smaller charts it's less obvious because it's messy but when you look at the monthly chart it's clear as can be. The upside wicks are all lower. The downside wicks are all lower. We've made a series of lower lows and lower highs since the false breakout. If we break again, we're going to go through the level I marked as the critical break level while we were at the high. Read old post here; Real make or break level for BTC now. Would be a very good look for it if it could break the downtrend, but if we can't we might be getting close to the obvious yank on this. We might have been a through a 6 month period of baiting. Bringing in the bulls before the turn. If that's what's happening, we'd be close now.
BITSTAMP:BTCUSDShort
by holeyprofit
184