Expansion
Looking For EURJPY To Continue Lower! SELL EURJPYWe have a contraction and expansion strategy here on the EURJPY and I'm expecting the market push lower anytime soon so let's see if the market will turn around and go lower.
Happy trading Guys.
Long Trading Opportunity On AUDCHF!We have good opportunity to go long on this pair based on price action and trend continuation. There's a minor resistance level which you will need to pay attention to.
Let Me Re-Introduce Myself! SHORT BITCOIN BTCUSDOkay so this is basically self explanatory but I'll still make it even more clearer for you guys! There's 2 different strategies that you can apply to this chart; Wave analysis and Contraction & Expansion (618 Reverse).
Wave Analysis: We had an impulse down and the market has corrected in the form of a 3 wave pattern or 5, depending on how you look at it and the market broker out of that correction and we are getting a slight pullback which I think will terminate near the 618 fib retracement level and that will signify the resumption of the down trend. Possible profit targets are located at the 127.0 and 141.0 fib extension levels.
Contraction & Expansion: This is a complex contraction with 618 reverse and if you want to understand how this structure behaves then join my zoom trading classes because it might take me months in other to explain all the different types of contractions and how the behave and also check out my latest video on youtube and you will see another example of a contraction strategy that I traded live!
Any opposing comments and views are welcomed!
CABLE IS LIKELY TO RALLY SOON! BUY GBPUSDWe have another contraction and expansion strategy here on the cable and there's a potential for over 250 pips rally in the next few days and this trade has a very good risk to reward ratio. You can either buy or wait for the first rally and then buy after the retracement. So I think we all know how money management is important in trading and when it comes to a trade like this, If I get in at the current entry price I never risk more than 1% of my account and some people might ask, so how the hell do I make profit if I just risk 1% of my account? Well, i'm glad you asked and the reason I do that is because with my strategy everything has to do with the odds so I only risk money on the line when the probability of winning is high, so the probability of this trade being a winning trade is only about 60% and is that good enough? For most people it is but I will not risk more than 1% of my account on such odds. Okay so Joseph, how do you make money then? Okay let me enlighten you, if this market rallies in the next day or so, it will retrace to a certain Fibonacci level and the it will rally again and so the probability of this market given me a second rally after the first retracement is more than 90% so that's where I make my money.....if you are smart you will figure that out.
That's all he wrote!
DAY TRADING! CONTRACTION & EXPANSION! BUY XAUUSD Contraction and expansion strategy. Gold came out of contraction and made a sharp move down and now the market is in the expansion phase and there's a nice buy set up currently so I'm looking for the market to break upside and go all the way to the previous structure high!
DAY TRADING! CONTRACTION & EXPANSION! BUY ETHUSD Hi traders, we have a potential day trading opportunity here on ethereum. It's a contraction and expansion strategy similar to the one I posted yesterday on gold. We can see that the market came out of the contraction a couple days ago and completed the first phase of the expansion yesterday and followed it up by a 618 Fibonacci retracement correction/pullback and now I think it has begun the second phase of the expansion so i'm looking for this market to go all the way up to either the 127.0 or the 141.0 Fibonacci extension level
DAY TRADING! Contraction & Expansion! BUY EURUSDI've been watching EURUSD closely and it has been in contraction over the past couple days and I think it's about to go into the expansion phase so I think It's time to get your long positions because I see us going up in the next few days!
Don't forget to use a good money management plan for your trades because the markets have been so volatile lately so that means lots of opportunities to make money with the right money management plan!
I have a 57% win ratio but I still generate 100% profit returns yearly so you do math! Don't expect every trade to be a winning one because you will be living in a fantasy world. You will take losses and sometimes those losses will come in streaks but the most important things is that you stick to your trade plan. Feel free to check my stats on myfxbook and you will see how good it can be when you stick to your plan and trade consistently!
Any opposing comments. views, ideas or arguments are welcomed!
DAY TRADING! Contraction & Expansion Strategy! SHORT DXYThis is a straightforward contraction and expansion strategy and I'm expecting the market to push down from the current price to around 99.31 and that's where the next structure lies. There is a potential for this market push even further down but let's get to the first target then and we will see.
I'm predicting weakness in the dollar index in the short time so that means you can expect the majority of currencies to be bullish against the USD in the near future!
Any opposing comments, views, ideas or arguments are welcomed!
DAY TRADING! Contraction & Expansion Strategy! BUY EURUSDOkay so I’m bullish on this currency pair on a higher time frame and the last bullish contraction and expansion strategy on a lower time frame worked out well and now we have another bullish contraction and expansion strategy so let’s see if this will be another good one!
I’m expecting the market to rally to at least 1.0990 but expect a little bit of resistance when we get to the middle line of the contraction, that’s where you might want to move stops to breakeven and see if the market will continue higher.
I’ve attached the last couple of analysis I did on this currency pair so feel free to check them out also!
Any opposing comments, views, arguments or feedbacks are welcomed!
Happy trading guys
DAY TRADING! Contraction & Expansion Strategy! BUY GOLDOkay I've got another one for you but instead of talking about the analysis I wanna talk about money management, something that a lot of traders don't pay attention to. Money is really important in trading because it can make or break you as a trader.
If you put 2 newbie traders in front of a screen and provide them with a very profitable strategy and you these 2 traders take the opposite side of a trade, do you know that there is a high chance that both of them will end up losing money? Let that sink in for minute.....
However, on the other hand, if you take 2 pros and have them take the opposite direction of each other, chances are they will frequently end up making money! Very interesting isn't it?
So everything comes down to money management! I was having a similar discussion with my traders about this today that's why I've decided to say something about it on this analysis.
You guys are already used to my strategy anyway so I don't really need much explanation but feel free to check out the last post I did on gold.
As always, any opposing comment, views, arguments or feedbacks are welcomed.
DAY TRADING! EURUSD The Small Picture! BUY EURUSD My last post, which you can see at the bottom of this post, consist of the same strategy but on a higher time frame and now we got the baby version here. So the market came out of the contraction phase this morning and now it's come back down to retest the lows. So since we are bullish on a medium time frame I think the expansion phase will continue in the upward direction but don't forget the importance of the middle line!
Me and my group have already placed our trades and we will manage it accordingly!
Any opposing views, comments, arguments or feedbacks are welcomed.
Day Trading! Contraction & Expansion Strategy! BUY GBPUSDDo you ever wonder how banks and hedge funds trade? Ever heard of the contraction and expansion strategy? Please allow to enlighten you. We all know that the market is in consolidation 70% of the time and in lower time frames, those consolidation/Contraction usually happen during the Asian sessions when you are dealing currency pairs such as the EURUSD, GBPUSD, EURGBP e.t.c. As we begin the European and London session, the market tend to come out of the contraction phase and set a new low and this is sometimes interpreted as a signal to enter the market by retail traders and that's one of the reasons why retail traders aren't very successful at trading because they keep falling into the traps of the expansion phase.
During the expansion phase, the market usually sets a low/high and then quickly reverses to the highs?lows of the contraction, depending on what the trend is on a higher time frame, the market will follow it and the turning point is the middle line of the contraction.
This is one of the strategies that I day trade with my WhatsApp group and we will follow this market and react to it at every turning point.
Any opposing comment, views or arguments are welcomed!
Volatility Supports a Long Entry on BTCUSDOn the 4h chart, we have become approximately rangebound by overhead compressing periods between the W 200 SMA - which is where we bounced this past December and was the main support we adhered to and retested repeatedly while forming the bottom in 2015, and the implied pivot for mean reversion on the longest overexpanded period created by the November drop.
This is a clean setup. We have a good R:R entry with a target at 4100, which should be a very difficult confluent resistance to overcome. An intermediate target would be the halfway point around 3700 which has acted as a center pivot repeatedly during the compression of the past month and a half.
The degree to which we've compressed also suggests that we have compressed enough to be able to to install a strong trend if we broke the W 200 SMA down or broke upwards past the 4000-4200 area. To the downside, there's been some contradictory targets implied by the W chart depending on exchange, with the Bitfinex chart implying that we've reached the target of the W 200 SMA but the BLX chart suggesting a somewhat higher period length is correct with a target a bit under 2000. It should be noted that we don't necessarily need to drop now to fulfill that target; after all we compressed for most of 2018 before we had our current -50% move. To the upside, the mean reversion target aligns with a retest of 6000.
Note here that with this type of approach, we typically use an indicator like a 14-period CCI rollover as our trigger for entry to help confirm that we have stabilized enough in the short run to be able to confidently enter given the condition created by the setup. At the time of this writing, the 4h 14-period CCI is hovering around -100 on the yet-to-be-closed candle after rolling up on the previous bar, so I'd say this is close to ready if not ready.
The path of least resistance is to remain rangebound and keep bouncing between pivots for possibly months longer. We are at the bottom of that range, so R:R is favorable for a long entry.
If you'd like to learn more about the indicators used to produce this chart, check out SharkCharts.live, and DadShark's Youtube channel where you can find his daily livestreams applying this methodology as well as the series of overview videos I've released for these indicators.
I am an amateur and you shouldn't take anything I say as financial advice. I'm interested in any feedback.
LTC/BTC Price Analysis & Short Term ProjectionHello Everyone!
I've also been doing analysis on the COINBASE:LTCBTC however, most of us are trying to grow the amount of $BTC we own. Here is a quick analysis of the COINBASE:LTCBTC pairing:
Lower timeframes up to the 25 period are currently expanding which is resulting in the current movement down. While some are short term bullish on $BTC (myself included), I believe COINBASE:LTCBTC still has to show price holding to get the proper buy conditions.
Since COINBASE:LTCBTC has entered the 230 containment zone and is currently holding support at the bottom, I do expect a short term mean reversion to approximately 1065 sats once buy conditions have been met.
I will continue to update this pairing.
DISCLAIMER: This information is for reference only and is NOT financial advice.
AUDUSD long to AB=CD, Fib confluence, then lowerAUDUSD has a few things lining up which I think makes for a good play. If we look for a 3 wave retracement to complete as AB=CD equality, it will hit bang on a long term Fib confluence level. Some further analysis on higher time frames supports the idea that it will then head lower. I might update the idea to show, if anyone is interested.
COHERENT: The Nested "Mega" Cup Breakout - 2018 PT: $415So, I tried doing as much research into what a backwards Cup & Handle pattern is, or if such a thing is actually a "thing" and just gave up. If anyone has any insight or experience with them, I would love to hear it and learn please.
I believe the tariff and trade war narratives are artifically overblown. There is no way two super powers are genuinely going to break the global economy rather than find a way to profit off the volatility and enrich those who've positioned themselves strategically. Demand isn't going to diminish, people will pay for COHR's products globally. The first cup will fill in back to a comfortable $220 level that rides along the yellow, long-term baseline. Momentum from the cup filling back in will spark money to pour back in around September, right when most of the tariff news should have run its course and been sorted. This money will rally the stock up towards the $280-300 range (Golden Cross in play at this point?) and news of the next iPhone and other products coming for Holiday 2018 from other companies will have dropped.
Seeing the epic rally back up will fill the Mega Cup and once the stock has retraced back up to $320 around November, the moon shot rally upwards towards $400 will take off. Volatility will no doubt be in play from midterms, so people seeking a safe, grounded, albeit "expensive" trade may consider entering at this point. If sentiment after the midterms is high for economic expansion both domestically and globally, I don't see $400 being out of the question if the volume is there. Banks and financials will have had to recover some, the third rate hike should have taken place, commodities index should have recovered and emerging markets should no longer be suffocating, so that they can also participate in the global growth story and contribute to the 2H18 cycle. It sounds like a lot, but the windows are all there and slowly moving towards each other to line up. If COHR was being manipulated for a "perfect" trade, then this may well be where it was designed to go.
(ADDITIONAL NOTES)
COHR was flying last year, in part because of the OLED ramp up, but the Rofin acquisition was also in play. Coherent is a well diversified, educated and disciplined company. Earlier this year, the drama/rumors of the iPhone X being a failure began to spread and tank both Apple stock and perceived OLED demand. Both OLED and COHR got slammed relentlessly. Price dropped under $240 and expected to slow down. Resistance was found around $210, but it took another dive, as it is not regularly followed. I don't believe it has a lot of exposure through ETFs and other index funds either. Stocks with less exposure and coverage aren't "cool" or "fun" to watch, let alone invest in. Without any real coverage or news from Coherent themselves, the stock went into another free fall into levels not seen since the end of 2016. The stock carries a "BUY" recommendation across the board.
1) "...Apple is planning to get LG as its second OLED supplier for its OLED screens and will initially deliver between 2 and 4 million units....Related sources claim that LG Display wants to take a bigger cut, but it's not ready to meet the full demand for OLED panels."
2) "In October 2017 Japan Display has decided to halt its plans to turn its minority stake at JOLED into a majority one, and so JOLED started to seek external financing to support its plan to start mass producing OLEDs in 2019 at the JDI plant in Nomi, Ishikawa."
3) "...(China) also approved...a $2.3 billion joint venture organic light-emitting diode (OLED) plant to be built by South Korea's LG Display Co Ltd (LPL)."
OLED isn't just phones or TVs. It's also automobiles (CES made that very clear) wearables and displays on just about anything. Micro-LEDs will eventually come and COHR is aware and ready. I firmly believe there is going to be at least one more, powerful OLED ramp up to prep for 2019/2020 production rates.
Two Pitchforksxauusd
in gold we have Two Pitchforks can suppoert the price and pick the price up,also we have fiboextention and expansion that in 200% the price has reacted ,and also we have a support for 1 year ago and is a good one and we can trust it.my idea is long in middle term the first tp is1311 and the sl is breaking the 1236 powerfully,
A quick lesson on trading ranges from expansion to consolidationHere's a quick lesson on how to look at trading ranges with TSLA and FB as an example. Expansion to contraction is an excellent tool to help you go a little further on your trading journey.
Learn more by joining the CTP Group. We will teach you how to use charts to do a top down approach on any stock in under 5 minutes just for joining. Look to get 1-4 emails per month after that, if you ever stop learning, just unsubscribe. You won't be sorry.
mailchi.mp
A shy attempt on ADAPrice is high on bigger timeframes and we still are in a triangle formation, BUT there is a long possibility since we are around a price level formed at the 25% RET of the actual range.
What matters is taking profits when is time to take profits.
