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Followthetrend

EOSUSD: optimistic scenario..what's next?Already with bulls since around 3 price level.. unreal. P/L around 40%, what should i do? Should i close the position now? Don't think so.. 1. Cryptocurrency market is breaking out, this month already had 5 posts regarding BTC, BCH, TRX, ETC and ETH.. 2. EOS volume profile provides most traded area in the last 6, 3 and 1 month, so in my opinion selling around 3.8 price level is decent.. 3. In this case i am risking 17% (with 23% profit in my pocket) with R:R ratio 3,8.. 4. If we think from another point of view i have two options: 100% vs. 23% 5. Nothing more to add.. am i loosing this time..? No.) Feel free to share your opinion/open positions via comment and follow me to stay updated.
BITFINEX:EOSUSDLong
by GIgor_021
A cup of tea goes a long way Weekly cup & Handle Since making new highs, there have been a slight pull back but the trendline stays intact and it remains in an uptrend. The trend is strong high above 50 week MA and preparing for a possible breakout to new highs. Don't fight the trend. Don't be scared of new highs. Catalyst 2020: Cervical Cancer Phase 2 data due 1H DARZALEX ENHANCE PDUFA estimate 12 MAY Price target: 29 of January; Dutch Kempen & Co raised their PT to 1750 DKK from 1700 DKK
OMXCOP:GMABLong
by Charlestrad3r
ETCUSD: what's going on?One week ago on Sunday (12th of January) Ethereum Classic completed the "Agharta" hard fork, which makes it "more interoperable" with sister-chain ethereum.. whatever that means, ETC more than doubled its value in a couple of days during the week. Technically speaking the price broke out from the descending bearish trend, which provided a good signal for possible trend reversal and opening long positions on 12th of January..this proved to be a good idea! However, 2 days ago (on 17th of January) the price formed a kind of a shooting star candlestick chart pattern (which was more like an inverted hammer pattern but in the up-move), so at the moment the correction or realization of profit is taking place. Now the question is how deep is it going to be? I think buying now is more like a FOMO, so it's better to wait for a correction at least until 61,8 fibo retracement level, which is around 7.39 price.. from there it's possible that we are going to see a rebound and continuation of the uptrend. If playing the above mentioned scenario, the target can be around 9.85 and stops below 6.645 (R:R=3.3). It's also possible that we are going to see a deeper correction to 5.88 price level..so everyone should calculate and implement their own risk management strategy. ETC annual yield: 1,023% // Follow me to stay updated.)
BITFINEX:ETCUSDLong
by GIgor_021
EURUSD high probability shortSince April 2018, EUR/USD has been in a down trend, with lower lows, and lower highs. The reason why the title says "High probability" is because I see similarity between what happened with EU from the beginning of June 2019 - end of juli 2019. This "coincidence", in addition to the over one and a half year declining trend, makes me comfortable with executing this position shortly. I will be waiting for confirmation before going short. What i will be looking for in terms of a confirmation is: A. Strong resistance from 200MA (purple line) on the Daily chart. B. fast EMA (green line close to price) crossing the slow EMA (red line close to price) downwards. C.Bearish volume. PS: The short RR on my chart is visualisation for my prediction ONLY, and is not ment to be applied as a trading-plan. I will be commenting on this idea when time is right.
Short
by TradingFace
Follow the trendAfter Gold broke the first parallel down trend we saw the highest ROC and It is usually highest in the openings of a bull market. Now the ROC is in a fairly good spot, not overbought. The AM & PM Fix doesn't show any signs of gold having peaked yet. Where the ROC points price tends tp follow, gold could advance more. We have currently rejected the lower trendline (1483) in the newer more exponential channel up, also right above the long support at 1477. In my humble view, we will see gold rise further and try and take out the resistance line at 1570 yet again, if successful the way to 1800 is rather clear of resistance. As always there will be fluctuations. Happy trading & a good day
OANDA:XAUUSD
by UnknownUnicorn2034381
1
EUR/CHF: Day-Swing-Setup! Huge MOMENTUMHey tradomaniacs, welcome to another free signal! Important: The market is still news driven and very nervous due to tradewar-talks! Tarrifs might come this midnight (german time). So be carefully and reduce your risk as good as possible! ----------------------------- Type: Day-Swingtrade Sell-Limit: 1,13916 Stop-Loss: 1,14088 Target 1: 1,13655 Target 2: 1,13461 Point of risk-reduction: 1,13793 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
Stop shorting and protect your capital Kindly reminder : as a trader, protect your capital must be your priority On the social networks, i see many people shorting the SP500 , DJI and co. Please, stop it for the moment. PS : stop shorting doesn't mean you must long ;) Many people are trying to predict the next leg down. OK, we can see bearish divergences but what more ? In a strong trend, indicators are not so relevant... Just follow the trend, which is easier than predict something. In this case, I use the Guppy : - On the daily, traders are above investors = bullish - On the H4, traders are above investors = bullish - On the H1, traders are above investors = bullish In all these time frames, the first EMA is bellow the price = bullish . My conclusion : We are in a strong bullish trend , maybe I will consider to short if traders are bellow investors in the H4 at least. If you want to short, why not because we are near resistences but you must wait a signal ! Clément
DJ:DJI
by Clement_X10