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Hurricane Energy PLC - Too early to enter?This is my first post, so I'll keep it short. My Impressions... Fundamentally: Bullish. This company is expected to start pumping oil in early 2019. Keep an eye on oil prices. Technically: After going below the 200MA on daily chart, I think there's strong potential to get a better entry so rather than illustrate a stop, I've attempted to include an accumulation zone in yellow. My trade: I'm long from 42.20 with only 10% of what I've set aside for this trade as I'm quite cautious when there's not really a strong Technical case to enter yet. If we move much lower I'll take the opportunity to lower my average cost. Timeline: Never can be 100% but I'm happy to sit back and see if I can improve my entry over the next few months.
HLong
by mackenzie7070
Ethereum – Turning point in front!Hello everyone, Eth does it as planned – it’s going down. I think we will see courses under $100 before eth will change its direction stable to the upside. The blue line in the chart will be the ideal structure to complete the last sequence of the correction pattern, which started at all-time high. The ideal touring point would be between $80 and $50. So, do not loose interest now, because I think that eth could easily built courses above $800 in the next month! I am sure, that the era of the cryptos isn’t over yet! Take care, tgo
BITFINEX:ETHUSD
by HK-Capital-Management
4
NZD/USD... EDUCATION!!!!For example... One entry strategy.... Trading with precision. Have a setup based on larger structure and market analysis. Wait for a flag (potentially completed corrective wave)...... Look for price to break trend line (see wick)...... Let price pull back....Then place a sell stop order under wick for breakout. Stop loss above high of corrective wave...... Then, you have the whole when do you take profit and how, where and why do you get a trade at break even and let it run. Without that, you are just hoping, not being mathematical. Patience is a virtue. Most of the time, the market is just setting up.....
by thillygoosth
1
EUR/USD - Next decision point: 1.1432!Hello everyone, it seems that scenario 2 has made it (please check link below). Now the situation in the chart is not much easier, because there are two possibilities we should think of when trading eur/usd in the next days. Scenario 1 – blue line, chance 55% I still believe that we are in wave B (purple in brackets) of a huge correction pattern started at 1.25. We are now most likely in wave c of B. If this scenario will push through, I will give another update to catch the next turnaround. The next indicator for a decision is the level at 1.1432, if eur/usd is going through, we have a very good chance, that this scenario will make it. Scenario 2 – green line, chance 45% Maybe wave A (purple in brackets) hasn’t ended yet (at 1.13). If so, we are still in an impulsive 5-wave-structure downwards to complete wave 5 of 5 of A. If eur/usd will not go through 1.1432, this scenario will make it! I other words: please keep an eye at 1.1432! Please leave a comment or a message if you like! Take care, tgo
by HK-Capital-Management
2
How to Trade Using Volume ProperlyWeakness = Up moves on decreasing volume & Down moves on increasing volume Strength = Up moves on increasing volume & Down moves on decreasing volume I usually try to take a look at the general background and get a feel on how weak or strong the currency pair is. When I have determined strength or weakness I will try to mark up confluent zones where sellers (if short) and buyers (if long) are going to jump in. When price reaches my confluent level, I will look at the 5M chart to pinpoint entry. Example will be given below, however, not on this chart as this is to old for me to find 5M data but I will give an example that is close enough. I have not marked any green areas (strength) on this chart after our short entry point.
Education
by naviafra
1
Stellar – Already started?Hello everyone, XLM maybe is one of the best starters in the crypto market. I see two scenarios in the chart… Scenario 1 – green line, chance 60% We have seen the bottom of the huge corrective wave 2 (blue in brackets) at 0.15 and since then XLM has built three 1-2 elliott wave setups. Now it seems that XLM is going in a stable uptrend – ideally as shown in the chart above (green line). Scenario 2 – red line, chance 40% Even though XLM is not looking bad at the moment, we have to keep in mind, that a final sell-off could easily surprise us. It is essential to cover all longpositions! Take care tgo
BINANCE:XLMUSD
by HK-Capital-Management
WTI (CRUDEOIL) – Finally on the right side! (2)Hello everyone, WTI is one of the most exciting markets in 2018, I think. There were some trades with good profits, and now we have the chance to catch the final uptrend to 80$+, maybe 90$+. If my count is right, WTI is completing a wave 4 of higher wave degree (purple in brackets), as described in my last analysis (please check link below). A turnaround now would be perfect – in the middle of my blue trading box. Be careful, because there is much resistance on the upside, so the way up won’t be easy, but I think the uptrend will last several months. So this analysis is for all of you with long-term interests. Important: we have to keep in mind, that wave 4 has space until 56$, technically! Don’t hesitate to contact me, if you have any questions or other ideas! Take care tgo
TVC:USOILLong
by HK-Capital-Management
Mr. Dow – surfin’ down, but… (2)Hello everyone, I decided to have a closer look the chart, because the movements of the dow are very interesting now. I think that we are in wave 4 (purple in brackets), as mentioned in my last analysis, but there is another possibility to think of: it is possible that we are in a so-called expanding diagonal. If so, there is a chance for new highs! BUT: so or so, I think that the next movements will be the same. A good chance to trade even though we are not sure about the superordinate structure at the moment. Scenario 1 – red line, chance 60% Superordinate: the dow has completed wave 3 (purple in brackets) at 26.616 and now we are in wave 4 (purple in brackets). Wave A (cyan) and B (cyan) are already completed, so we are in wave C (cyan) of 4 (purple in brackets). Let’s have a closer look at the structure of wave C of 4… Wave a of C of 4 looks completed at 24.122 to me, so we are in wave b (purple in square brackets). Waves b are always abc-patterns in substructure. The last uptrend was wave a of b. And NOW we will see most likely wave b of b of C of 4, to be precise. In short: down (wave b), up wave c of b of C of 4, and finally down wave c of C of 4. Scenario 2 – green line, chance 40% The fist movements are the same as described under scenario 2 (grey lines, a and b subordinate in this scenario are 1 and 2, beige)! The question is: is there a chance for an expanding diagonal? If so, the dow is building a five-wave-structure up to complete wave 3 (purple in brackets) much higher, as you can see in the chart above. We have to decide later on, if scenario 1 or 2 is pushing through. In short term I see a short and directly after that a long to trade profitable. Please leave a comment or a message if you have any questions or other ideas! Take care, tgo
DJ:DJI
by HK-Capital-Management
Long play BAT dailyWe’re in the long for BAT daily since the long setup triggered at trade (1). At (2) we took partial profits (off the 4HR chart signals), and reinforced the position at (3), following the re-entry signal strategy. We’re now at resistance (4) and a weak overextension signal. The red line is where we placed our stop according to the 4HR chart. We have a medium overextension signal at resistance. Looking for the signal to become extreme (red) and for reversal candles following. Let’s see how it plays out.. If you want to try the indicator out, follow us and drop a comment and we’ll get you set up. Like and subscribe if you enjoy our work! Stay calm, and happy trading!
BLong
by DariusZen
Trading Entry and Exit ChecklistsSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Trading Entry and Exit checklists Over the past 18 years of trading, it has been a crucial step in my development to constantly critique myself and my trading strategy. I constantly monitor my performance on a daily, weekly,monthly,quartley and yearly timeframe. Listed below is a small simple example of some of the checklists that i have used in the past prior to entering and exiting a trade. Entry Rules 1. Is the stop loss placed past the strongest support or resistance line? 2. Am i following my trading rules? 3. The risk/reward is acceptable 4. Have i double checked my entry/stop loss and target position? 5. No news announcements that will affect my trade? 6. Bid/ask spread - Is it in normal range for this pair, this session, this time? 7. AM i risking more then my agreed 1%? 8. Correlation - AM i trading against myself with already open trading trades? Exit Rules 1. Has the market behaved as predicted? If so stay on track 2. Has the trade reached the support or resistance line? 3. Has the stop been placed too far away? or to close? 4. Am i exiting to early? 5. If unsure of trade exit immediately? 6. If i was impatient and entered trade exit immediately? 7. Is there an upcoming news event that will affect my trade? 8. Is the trade changing directions? 9. Don't take profits to early!! Are you exiting before your target line? How has yours differed? is it similar?
BITFINEX:BTCUSDEducation
by SMPTrader
S&P 500 – short, but…Hello everyone, as predicted in my last analysis (long term), the S&P 500 has moved up – so far so good. But now, we want to know, how to trade the next movements (shorter term). Some of you might read my dow-analysis. Often both indices are moving similar, but in detail there are important differences! There are three scenarios in the chart – same procedure as every time. Scenario 1 – green line, chance 50% I think the first stronger move down (wave a, purple in square brackets) is already completed at 2.599. So now I am expecting a shorter wave down (wave b, blue in brackets) and then a move up completing wave b of higher wave degree (purple in square brackets). If so, we then will have a good chance to ride the final wave c of 4 down to the region around 2.100 points, as you can see in the chart of my last analysis (please check link below). Scenario 2 – blue line, chance 40% Similar to the most expected movement of the dow (please check), the SPX may also haven’t already completed the first significant corrective wave down (wave a, purple in square brackets). If so, we will see a sell-off down to around 2.500/2.400 before moving up to complete wave b. Scenario 3 – red lines, chance 10% The correction might be completed already, so the SPX will go up. This is possible, but I do not think so. I am expecting scenario 1 or 2 and I am waiting for the end of wave b (purple in square brackets) to trade wave c of 4 short. Take care, tgo
OANDA:SPX500USD
by HK-Capital-Management
Ripple – one final painful sell-off?Hello everyone, it worries me, that xrp stays at 0.45 without any decision. Because of that, I decided to re-analyze the chart carefully. The conclusion is not very nice, I suppose. Yes, there are three scenarios in the chart, but one of them is becoming more and more likely, especially if xrp stays not moving! Scenario 1 – green line, preferred (more hope, than everything else), 30% chance xrp is building the first significant impulsive wave up. Scenario 2 – blue line, 5% chance xrp has only built the first significant 1-2 wave setup. It is not much likely, because third waves are mostly very strong. We are seeing all, but not a strong movement at the moment! Scenario 3 – red line, 65% chance xrp is still in the corrective pattern starting from all-time high. If this is true, we will see a final sell-off to the level between 0.04$ and 0.02$. If so, the rise form there will be very strong, I could imagine. It could be the chance for us, if this scenario is pushing through! I think it is very important for us to think about that, so I decided to give you an update on saturdays. Please be careful, when trading ripple now! Please leave a comment or a message, if you have any questions! Take care tgo
BITSTAMP:XRPUSD
by HK-Capital-Management
WTI (CRUDEOIL) – Finally on the right side!Hello everyone, now it seems to be clear: the direction was right, but the count wasn’t. What has happened? At 75.24$ there was wave 3 (purple in brackets) ending. One wave degree higher, so the actual correction is wave 4 (purple in brackets), and this has to be leading lower. I think we have a good chance now to get in the market to make money with wave 5 (purple in brackets) of 3 (green in square brackets) which should start now or during next week. I have already placed a trading box (blue one) in the chart, because I think there wave 4 will end and WTI then will turn the direction to new highs. I think we are good to go to 90$ and maybe more. But this, we have to decide later on. Be careful, because wave 4 has space until 56$, technically. This, we should keep in mind, but I do not think so. Don’t hesitate to contact me, if you have any questions or other ideas! Take care tgo
TVC:USOILLong
by HK-Capital-Management
NEBL/BTC Warming up for the skyWe're currently into a daily resistance block, and since we still haven't bounced hard off it and are proceeding to make higher lows, on lower timeframe, we can assume that the buyers are trying to push it through that resistance eventually. Target is based on the weekly + daily resistance blocks. Two possible strategies for the target of around 5627 to 6400 area. - Aggressive: Buy now, stop below previous low (3821) - Tactical: Buy on the retrace once it breaks above the daily green block with a stop below it, or based on the lower timeframe that develops in the meantime. If it starts repeating the same scenario like now when it gets there, there might be even larger targets in play . But we'll get there in time.
NLong
by UnknownUnicorn3664665
What's happened to 'the Gold rush?This is a short screencast showing an excellent entry position. (this is not advice to enter a trade). The gold market is holding it's breath I think. Keep in mind that generally Gold has an inverse correlation with Stock Markets in troubled times. I suspect that people are watching for a Halloween Effect, or something with the Stock Markets - so they're probably a bit anxious to jump on Gold. If the Halloween effect happens then price of Gold sinks. But if the stock markets make a conclusive move south, I'm expecting RSIs to go on fire in the north direction. We shall 'have to wait and see' as Mr Trump often says. :))
FX_IDC:XAUUSDLong
by Captain_Walker