Entry
AUDUSD BUY Trading with the trendA well established bullish trend on the lower end time frames has formed giving a strong opportunity for an entry here. Both volume and the RSI's are lower indicating a good time to enter in line with the trend. We have entered long and will look to capture 50-80 pips from this 0.69300 level. Good luck
LONG NZDCAD on Daily ChartThe tradeWELL FX algo printed a countertrend entry-with-trigger on long NZDCAD on 08/01 with entry between 0.80885 and 0.81135. Initial target at 0.82750 with stop at 0.79020 trailing.
The pair completed an orthodox head-and-shoulders pattern.
Market sentiment is neutral, slightly favoring the bulls.
Microsoft: No Mo Lo´s!This massive impulsive reaction to the FED´s rate hike is a clear indicator for tus that the low has been completed. Accordingly, the Mircosoft stock should now seek to extend gains. In the turquoise target zone on the top, we expect a turnaround for another corrective move, though we do not think that new lows will be reached. Here, we might enter a position or two 👀
Entered in Short Trade (Trend) on XAUUSDAs per our previously documented and published observations, we have been able to get into the market on what I consider to be a reversal and have been able to hopefully get in on the current Short Trend. Moving forward we will have to observe the markets and prepare for further proactive sequences. This is not guaranteed and anything can happen in these highly liquid and volatile markets
USDJPY LONGUSDJPY long after trendline breakout.
I'm waiting for a pull back to 4hr support (137.580). Price could break out of trendline as the trendline is becoming weaker.
The trend has shift to bearish due to maybe trader taking their profits after the bullish trend. My target will be to the supply zone, my entry is below the support.
Entry on EURUSD today! We wanted to see price reaching our zone on EURUSD but it looks like right now there's not enough buying pressure.
This is the reason why we don't take trades towards the zone and against the trend but just wait for the right moment instead.
It looks like this moment is now. Not the way we wanted it, but we trade what we see and we're now looking to sell from current price levels.
Stops will be above 1,0615 and we should use less risk on this trade because this SL level is still aggressive.
A SL above 1,0780 is much better but then we don't have a decent risk to reward ratio.
Targets are still below the previous low, we are expecting a breakout!
Waiting For entry Level To BuyFirst this is just for my study
using indicator as to find the setup
type indicator
BBMA by OMA ALLY
Time Frame Study (Month - Daily)
(Month)
Bull candle closing outside the BB
Still Waiting For Montly To do the restest
(Weekly)
2 candle is close at the upper MA 5 and 10 high
Still waiting for weekly to do the restest
(Day)
waiting for entry position
SOL TARGET "SUPPORT" LEVELS...What's a reasonable point to start accumulating SOL? .... I'm asking because really I have no idea.
First of all, I think it's way too early to be accumulating anything other than BTC and ETH.
I feel like SOL has one of the stronger communities, lots of Devs building on it, etc, but the damn chain keeps going down... that's not supposed to happen in a bear market when there's barely any volume compared to bull times.
Could just be "growing pains" yada yada... I get it. But still, with more bad news than good, in these conditions, it's hard for me to feel bullish about it. Or maybe I'm falling for the FUD, I don't know.
Since I have zero alpha on SOL, I'll just use technicals:
I feel like $22 is the last line of defense with strong previous support.
If we lose that, I'll be looking at $12. I'm not sure how strong that support really is, but since I know some traders will be eagerly awaiting sub $10 entries, the market may frontrun and disappoint them.
If we lose $10, we're in mega bear territory. I dread to think what the rest of the market will look like, but in that scenario, I think $4 would be a reasonable level to enter and will probably pay off big time within a couple years.
What do you think?
Long NZDJPY D1Long NZDJPY D1 Entry @ 81.667 - SL @ 79.40 - TP @ 85.55
Both the NZD and the JPY a being sold on the COT report dated May 10 2022. So the institutions aren't favoring either currency. The currency strength meter has the NZD slightly stronger than the JPY. So I'm going long with two other confirmations seasonality (bullish cycle between 5/19/ 2022 - 6/9/2022) and a bullish order block.
Aggressive buys on EURUSD Yesterday we saw price reacting to 1,0678 which could be the bottom on the H1 trend.
This is also a chance to enter aggressively right now with stops below 1,0678.
It's considered aggressive only because price could reach the stop loss and this won't mean the trend has reversed, therefore price can then continue in the same direction.
However, we're looking for a good risk to reward ratio with low risk.
The targets will be at least 1,0860 and once the move begins we will be able to find out the specific levels as well.
If you are more conservative trader, we recommend to skip this one and focus on something else to trade!
$422.0 by May 11 - Long SpySPY is currently forming a common W pattern, which occurs more often in the midst of a bear market or a transitory stage of the market. Its also currently trading within a wedge on the hourly chart pictured below.
See also the 15 minute chart, and the wedge it may break soon.
The chart indicates multiple bullish influences, and I will be long SPY this upcoming week.
Scalp BTC 30 mn TF ! A green dot with a blue wave under the the base line and green MFI, could be a good entry.
Trade info :
Potential Risk to Reward Ration : 1 to 4
Potential entry : 39,650 $ or market if the green dot showed with the conditions i mentioned
Potential TP : 40,280 $ (1,6%)
Potential SL : 39,492 $ (0,4%)
What do you think about it ?
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This is not a financial advice ! I don't take no responsabilities in your gains or losses !
Tue Apr 26, 2022 - This Week's Hotness!Traders,
Unfortunately, this week, my video failed to upload to TradingView. However, it is against house rules for me to suggest where you might be able to find the video, so I won't do that here either. 😉 And on TV, I can't simply upload the one I had already made because it takes a live stream and converts it. So, on this one I am stuck posting without the video attached (here at least 😉).
The video explains why I think all of the following coins should remain on "This Week's Hotness" list.
----
Despite our pullback in the markets, there are still some good trade setups to be found. Here are the coins that I have on “This Week’s Hotness” list:
LCX, CULT, SNX, CHZ, SKL, AAVE, EOS, Comp, FOX, Luna (wluna), AMP, DNT, ACH, ASM, Coval, IOTX.
As always, the standard warnings apply. Always keep your eyes on the big dawg, BTC. Never risk more than you can afford to lose. Don’t bet it all on one trade. Diversify your portfolio. Be disciplined about your entry/exit points. Set
stop losses. Etc.
Best of luck to you all!
- Stew
⛓️ 🔗 Useful Links 🔗 ⛓️
(see below - especially my signature 😉 )
Solana - Getting Ready For ReversalWe finally found a good sign for reversal for Solana as we can see a change of character in its price action. Meanwhile, any range below the ChoCh is a good entry. But if you're trading for the short term, we have to look at the possible signs of reversal in the 5-15 min timeframe in the current area. We can also do an entry in the order block if we can't see any upsides yet.
How To : Chart Formations Critical Second Top & Bottom Entry Hi Traders and Investors
This video is a follow up from my previous posting dealing with shifts of momentum.
This time we are looking to add an additional synergy - the second touch in a chart formation - which can be found in Double Tops, Double Bottoms and head shoulder formations. Correctly using the second touch on the chart formations has allowed me to avoid many mistakes in my evaluating my trades and I hope that it will help you in evaluating your trades.
When you look at the Double Top and Double Bottom chart formations, you will notice that high frequency trading and algorithms trading will often create the formation of a second top to the same level as the first top or slightly higher by taking stops pilling at the first top . At this point, you want to wait for the synergies to come into play and use your tools to look for a shift in momentum on the 2nd top touch see video.
Waiting for the shift in momentum to occurs after the second touch, is a critical piece of of information that will prevent you from taking trades that are likely to be stopped out on the first test.
Hope it helps have a great week end
Marc