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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 TV_ACC_02
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 TV_ACC_02
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$. If so, the rise form there will be very strong, I could imagine. It could be the chance for us, if this scenario is pushing through! I think it is very important for us to think about that, so I decided to give you an update on saturdays. Please be careful, when trading ripple now! Please leave a comment or a message, if you have any questions! Take care tgo
BITSTAMP:XRPUSD
by TV_ACC_02
WTI (CRUDEOIL) – Finally on the right side!Hello everyone, now it seems to be clear: the direction was right, but the count wasn’t. What has happened? At 75.24$ 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 TV_ACC_02
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
WTI (CRUDEOIL) – even more 80+ nowHello everyone, Sorry, but I have to adapt my count. And now, I must say: it’s absolutely good for 80+! The new count: Wave 4 (purple in brackets) ended not at 63.57 (this was just corrective wave a, blue in brackets). Wave 4 ended at 64.40. Since then WTI has made a huge 1-2 setup, as you can see in the chart above (blue in brackets). So, if I am right, WTI will start wave 3 of 5 of 5 of 5 of 3 now. This means, that WTI is not even good for 80, but eventually 90+. If I am wrong, WTI will collapse down under 60. It is important, that 64.40 will hold, if not, the count is dead. So, be careful. Don’t hesitate to contact me, if you have any questions or other ideas! Take care tgo
TVC:USOIL
by TV_ACC_02
2
NAK showing a Bullish divergence All of this is speculative, do your own reasoning. Opinionated analysis. Okay lets break this down. GLD in general looks to be making a trend to the up. Obviously NAK would relate to that movement. (or could) Now on the 4hr Chart I have plotted 2 dotted lines one on the Line graph and one on the RSI. * a bearish price * with bullish pressure the Volume Flow Indicator has also seem to show a nice reversal cup in about a 1 year span. A Long trade would seem in effect, target unidentified. Happy trading!
AMEX:NAKLong
by Gerberlife
Bitcoin – boooring… same as two weeks ago…Hello everyone, Even though or just because BTC is going nowhere since days, I expect a final sell-off as I explained it in my older analysis (please check links below). I see only a very small chance for a direct break out (5%)! The problem is: we have to be patient, and this is something we all hate, am I right? Sorry, but it’s the same chart as days ago, because there is no movement… besides sideways… Please leave a comment or a message, if you have any questions! Take care tgo
BITFINEX:BTCUSD
by TV_ACC_02
Tron - does that work now?Hello everyone, trx is going as planned through the chart, it seems. Scenario 1 (green lines) – chance 70% Trx has a good chance coming up to a new price-level. It seems that wave 2 (green) is completed at 0.020. If so, trx will go up forming the first significant 5-wave-structure to complete wave i. If that happens, it will be a very good sign for all investors to get in the market. We then will catch the bottom of wave ii. I will give an update then. Scenario 2 (blue lines) – chance 20% Wave 2 (green) is not completed yet. If so, a perfect level would be at 0.019. If this level doesn’t hold… Scenario 3 (red line) – chance 10% …will be more likely as it seems at the moment. If 0.019 and lately 0.016/0.015 will not hold, we will see much deeper courses, as I mentioned it in my older analysis (please check links below). Please leave a comment or a message, if you have any questions! Take care tgo
BINANCE:TRXUSD
by TV_ACC_02
ICX appears to be within an Ascending Triangle pattern.ICX/BTC appears to be within an ascending triangle pattern. This type of pattern is usually bullish. I've laid out a few scenario's of what I think will happen. Scenario 1 (Green Arrow): ICX/BTC bounces off the sideways support (around 1000 sat's) and moves to the upside breaking through the top of the ascending triangle (around 1090 sat's), of which the target area would be around 1250-1300 sat's. Scenario 2 (Yellow Arrow's): ICX/BTC bounces off the sideways support and moves to the top of the ascending triangle pattern before getting rejected again. It could then retest the sideways support a second time before moving up and breaking out of the top of the ascending triangle and then starting its move toward 1250-1300 sat's. Scenario 3 (Red Arrow's): ICX/BTC fails to hold the sideways support and breaks to the downside. Additionally, it could successfully hold the current retest of the sideways support, move up to the top of the ascending triangle, get rejected, then fall back down to the sideways support line before eventually breaking through it to the downside. If this occurs, I will be watching 850 sat's as a possible area of reentry, and if that fails to hold, then 790-800 sat's. (790-800 sat's was the bottom we hit back in mid August, and was the springboard for it's move to around 1450 sat's in late August.) RSI on the 4-hour is seeing a little movement downward, but it's fairly neutral otherwise. Daily RSI is neutral for the most part. MACD on the 4-hour did get a bearish crossover around 11 PM on October 3rd, indicating a potential for more short-term downside. Daily MACD got a bullish crossover around September 20th, and the Weekly MACD also got a bullish crossover around September 24th which could indicate upward movement on a larger time frame. To go along with that, Stochastic on the 4-hour is oversold, and could see a turn-around soon. Daily Stochastic got a bearish crossover today, but that might coincide with our retest of the sideways support line, so I'm not reading too much into it, especially with the 4-hour Stochastic oversold. As always, keep an eye on Bitcoin and it's price movements as well, since it can be a major influence on alt-coin movements. Entry: 998-1015. Target: 1250-1300. Stop-loss: 955. --This is not financial advice or financial recommendations. This is merely my opinion. Do your own research and come to your own conclusions before buying/investing. I am not liable for any losses incurred.
by Deftsuo
Where ETH is heading. Full Technical Analysis ETH Entry ExitETHEREUM PRICE ANALYSIS & TARGETS --------------------------------- “Buy the Rumor and Sell the News" “Buy when there's blood in the streets, even if the blood is your own." Are you following above statements? If not, please follow - that's what will make you a good trader. Before we continue, keep in mind that ETH is 2nd in Marketcap. Vitalik is SMART. He will be coming with huge updates and surprise. ETH has touched 890 few months back, but at this price is GOLD, if you are holding for few months. In case of ETH, when it bottomed to 167, i told everyone grab it, its the best price. In a matter of 10 days we got a whooping profit of 61%. ETH currently moving in sideways from last 12 days with an avg. profit of 11%. As on date ETH is surrounded by some negativity in media streams, I never focus on these news, because next day they will publish its opposite. Believe in FA of ETH. Its very strong and new updates are on way. Ethereum’s core developers held another meeting, Aug. 31, to further discuss the world’s second-largest cryptocurrency network’s four-stage development plan–including additional details on the Constantinople hard fork and Casper. Key points ETH price above 61.8 Entry btw 200-204 Targets 232, 248, 255, 298, 337, 366 Stop Loss 195 RSI 51 is key level, if it breaks up - price will go high. MACD we will see red over blue/green overlap. Once you take entry make sure to book profit at current levels. Now what if price goes up. If price croses above 232 next targets will be 248, 255, 298, 337, 366 So keep an eye on RSI & MACD. EMA 21 is acting as resistance, if we break its good. If you liked this analysis, make sure you click like button and share with your friends and dont forget to follow me. Take Care Zia @open4profit You may see little bit price drop to 204.
COINBASE:ETHUSD
by open4profit
17