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EUR/USD: It happens over and over again 📈Hi traders, I've been busy with trading and didn't have much time to upload new ideas. Sorry for that, here comes a short educational post. Trading isn't complicated, but it's complex. Certain patterns appear over and over again, and our job is to take advantage of them. Here is an example in EUR/USD. The pair broke above a major resistance level on the daily chart after Eurozone PMIs beat expectations this morning. The strong bullish candle means that large players didn't have time to accumulate euros at favorable prices. So what do they do? They drain liquidity (manipulate the market) to buy euros cheaper. Sell-side (banks) need euros in their warehouse to satisfy the demand of the buy-side (hedge funds). And for banks to make money, they need to buy euros cheaper, which is why most large candles are immediately followed by a pullback. Of course, this only works if fundamentals support the direction. In this case, EUR PMI numbers and broad USD weakness ahead of the FOMC means one thing: High-possibility of further strength in EUR/USD. Thanks for reading and stay tuned for more posts! Please hit the "LIKE" button and follow if you haven't already.
by MujkanovicFX
🎓 EDUCATION 1: What Does It Take to Become a Successful Trader?EDU 1: What Does It Take to Become a Profitable Trader? Hello traders. With this post, I am starting an educational series on TradingView unlike any other. We’ll go through all the aspects and nuances of becoming a professional, consistently profitable, and successful trader. Now, those are big words. You have likely heard them from various other sources that claimed to teach you the holy grail of trading or that offered some sorts of “secret indicators” that would pave the way to financial freedom. The truth is, nothing is secretive about successful trading. Thousands of professional traders are consistently profitable, and large institutional traders manage to beat the markets, year over year. The key is learning how to trade the correct way. That’s my trading approach as well: Institutional trading for the retail trader. I have been fascinated by the markets since the early 2000s. I am not only a self-taught trader, but also have an academic background that has helped me tremendously in understanding market forces and applying them in my daily trading. I enrolled at the Faculty of Economics in 2008, finished my undergraduate degree in technical analysis and my Master’s degree in fundamental analysis in the FX market. Since then, I have been following markets daily, created various trading strategies, backtested them, and chose the ones that work best for me. Alright, now it’s time to finally start the educational part. What does it take to become a successful trader? A successful trader is an analyst , trader , and (risk and psychology) manager – all at once. The analyst side of a trader generates trading ideas, the trader side executes the trades, and the manager side manages both the risk and psychological aspects of trading. We’ll go through each of them in this educational series. Trading is not about following technicals all day long. Professional traders and large players in this market don’t buy EUR/USD (or any other pair) when a Moving Average crosses above or below another Moving Average, or when the RSI shows overbought or oversold levels. Forget about trendlines and wedge patterns for a moment (how many times did you catch a fake breakout trading them?) and open your mind to a trading approach that combines: Fundamentals Intermarket analysis Sentiment analysis ...and (the correct) technical tools Those disciplines form the cornerstone of what I like to call the FIST analysis. We’ll use technicals only to enter into a trade after we already have a direction derived from the other types of analyses. So, this educational series will start with your analyst side (FIST), continue with your trader side (process/strategy/execution), and finish with your manager side (managing risks, managing yourself, position-sizing, scaling in and out of positions, etc.). By the end of the series, you’ll hopefully get a completely different picture of trading than you had before. If you find this trading educational series useful, please follow and hit the “LIKE” button. Have questions? Post them in the comment section below. Coming Up: Why Technicals Alone Are Not Enough?
Education
by MujkanovicFX
BNB/USDT : Another for today ---> another long BINANCE:BNBUSDT Hello everyone 😃 BNB is trending into a triangle and a it's pulled back from bottom. Now EMA 100,200 are acting like resistance and we a have touch on Bollinger Bands upper and triangle's top. So, correction is expected !! How ever we had a convergence and some bounces before but as BTC is neutral we can do some scalps on ALTs. Also we have Bullish crossover on MACD and Stochastic RSI is Bullish. 📍 BTC had a convergence on 4H timeframe so 19300-19400 is possible. 🔴 Our vision for BNB is reaching 30.9 or more.. You can enter for long into triangle. Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
Long
by Helical_Trades
BNB/USDT : Another for today ---> another long BINANCE:BNBUSDT Hello everyone 😃 BNB is trending into a triangle and a it's pulled back from bottom. Now EMA 100,200 are acting like resistance and we a have touch on Bollinger Bands upper and triangle's top. So, correction is expected !! How ever we had a convergence and some bounces before but as BTC is neutral we can do some scalps on ALTs. 📍 BTC had a convergence on 4H timeframe so 19300-19400 is possible. 🔴 Our vision for BNB is reaching 30.9 or more.. You can enter for long into triangle. Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
Long
by Helical_Trades
How to trade with Volume Profile (Market Profile)???What is Volume Profile??? Volume Profile is an indicator that shows us the amount of traded asset at a certain price level. It shows the data we needed as a histogram in Y-axis next to the price levels. Difference between Volume Indicator and Volume Profile??? There are two major differences in these important indicator. As we spoked, Volume Profile is defined as Y-axis histogram next to the price levels but the Volume Indicator is based in X-axis bellow the price chart. The other major difference is that, Volume indicator shows the volume parameter by time. for more information, I can tell you that Volume Indicator tells us how many trades happens at specific timeframe. Unlike Volume Indicator, Volume Profile tells us How many trades were made at a specific price level. The longer the bar is, it shows are the more trades were made on that certain price point. Three different types of Volume Profile: Visible Range (VPVR): Volume Profile Visible Range (VPVR) is the simple one that most traders use it. As we spoke above it is put next to price levels as histogram. VPVR is automated, that means it shows the volume traded in the price level from the candles shown on your screen. If you zoom in/out or go back and forth in your chart, the VPVR will change also. Fixed Rage (VPFR): Volume Profile Fixed Ranged (VPFR) is more likely to VPVR with a tiny difference. You can define the start and endpoint for this type of Volume Profile in specific time period, when you want to see the traded volume in that period time of price action As you can see in it's name, the benefit of VPFR is that the Volume Profile will not change by scrolling in the chart. So you can always stay focused in your desired selected amount of candles. Session Volume (VPSV): Me Myself, see VPSV as the most exciting one. Volume Profile Session Volume show the Volume Profile for all sessions shown on a chart. You can see a divided Volume Profile for each session presenting on the chart. Each session is considered as a day no matter with time frame you're looking at. Volume Profile different pieces: High Volume Node (HVN): HVN is a point in Volume Profile where there is a lot higher traded volume than average. I believe the most feature in Volume Profile is to show us the most traded prices for specific time periods and that's what we call it HVN or High Volume Node. You can find HVNs as those bars that are much longer that others around them. Low Volume Node (LVN) LVN is exactly defined as the opposite of HVN. In these areas there are much less trades has occurred. So we will see shorter bars in LVN. Point of Control (POC) POC is the highest volume node on the Volume Profile. The point of control or POC is the longest volume bar or sometimes shown as a line that shows us most of the trades happens around it. You as a trader can use POC just like support and resistance area or an important retest point in that session. Value Area (VA) VA is 70% of the volume or trades happens there. We consider VA as the surrounding area of POC. How to trade with Volume Profile??? If the price is consolidating: Value Area will be located in the middle of the volume profile. The price will bounce between HVNs and LVNs. So you can move into positions around HVNs and LVNs. If the price is trending upward: The value area will be located at the bottom of the volume profile. The price will likely retrace to Value Area High. So you can move into positions around VA and take profit around HVN. If the price is trending downward: The value area will be located on the top of the volume profile. The price will likely retrace to the value area low. So you can move into positions around VA and take profit around LVN. You can trade breakouts by using a Volume Profile. It is less risky to trade breakouts when you use a Volume Profile. I mean you may still get caught by a false breakout, but if you learn the correct way of using volume profile, you will be more right than wrong in a series of trades. The strategy is when you see the price is going up or going down and it goes through major HVNs, it shows you the momentum is on that side. You should wait until the price goes through HVNs successfully and arrives in a zone in which lots of LVNs (low volume nodes) are there. You can buy (if the price is going up) or sell (if the price is going down) through the LVNs. ---IMPORTANT--- Volume Profile is a valid strategy for trading. But as all the traders have experienced it, every strategy has it's own risks. So, I strongly recommend you not to use Volume Profile alone in you trading. I suggest you to learn and practice some other strategies. Use them in your your trades as you're using Volume Profile as a confirmation for your trade... I hope I could tell you what ever you need to learn about Volume Profile (Market Profile), So you can now easily trade with this tremendous indicator. But, if you need more information you can ask whatever you like about Volume Profile. I will try my best to help you.
by ArshiaZojaji
68
How to Spot Blow-off Tops - ES1!Here are 3 blow-off tops and 1 failed attempt which all occurred in the last 7 months. Successful completions are marked in solid black. The failed attempt is shown in dotted black. On all 4 attempts, the price accelerated upwards to different degrees. Each target can be roughly measured based on the price move. Notice how the failed blow-off begins closer to a price bottom than the successful ones did. Volume was either steadily increasing or declining during successful blow-offs, compared to the unsuccessful attempt when volume was not clearly trending. ROC (momentum) was increasing with all 4 attempts. The blow-offs were successful when momentum was at 0 or positive at the start of each blow-off. Disclaimer: This is my opinion. This is not advice. Trading involves risk.
CME_MINI:ES1!Education
by ValkyrieBlue
How To Trade EMA here i have set very good example on how you can trade EMA it's common for every asset that it follow the price of EMA ( the moving average ) let's take example i set 7 ema on weekly chart so it's total 49 days moving average so if price make bounce above this ema on weekly something has been cooking in the asset . it's 49 days downtrend same breakdown of EMA ( exponential moving average ) also shows upcoming correction in price on higher timeframe so don't ignore moving average use this EMA with the triangle and other pattern and make your trading better any asset always respect it moving average price if fall below major ema than it will take resistance if goes up than it will bounce when it touch EMA
Education
by TheLightCrypto
LINK/USDT : bottom touch on channel is must BINANCE:LINKUSDT Hello everyone 😃 Finally BTC showed some real red candles and it wasn't good for ALTs. NOW LINK just left ascending channel on Hourly timeframes, But its still trending into bigger ascending channel. We except a continuation on Stochastic RSI till Channels bottom, Then pullback is possible. Also MACD is going dipper, So Channel's bottom is a good point to enter if pullback confirmed. 📍 If LINK reject channel then next stops will be 10$ and 8.5$... 🔴 Market is volatile now and BTC will do some sideway movement, so don't take position with high leverage. Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
Long
by Helical_Trades
BTC/USDT : Bullish movement continues BINANCE:BTCUSDT Hello everyone 😃 BTC had a Bullish rejection on EMA 50, so we expect continuation until 19100$ resistance level. Also Stochastic have a bullish crossover now, by the BTC just touched Bollinger Bands lower. On 1H timeframe, indicators are bullish but there's two big problem !! 1st is fear and greed which can cause a crash on whole market anytime ! And 2nd problem is multiple divergence, BTC didn't fix any of them, It just made some neutral movement and then its bounced again ! 🔴 Don't forget to take position with tight stop-loss, Major is neutral and its good time to do scalping ! Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
by Helical_Trades
1
BTC/USDT : Bears are waking up, what will happen now ? BINANCE:BTCUSDT Hello everyone😃 BTC broke support line at 15950$ but its still bullish and staying into bullish flag ! Also indicators are being Bullish : We have bullish crossover on Stochastic RSI MACD is being Bullish and EMA 100 is controlling movement as support... Also market positions are being bullish. But It could be a good entry to do short If BTC failed to break next resistance ! Also you can wait for indicators to confirm Bearish phase. 🔴 Don't open any short IF BTC break resistance, Its possible for it ! Cause we touched Bollinger Bands lower and now we have to retest upper. By the way, BTC is Trending into bullish flag channel, So watch signs... Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
by Helical_Trades
1
ADA/USDT : How to trade with resistance lines ?! BINANCE:ADAUSDT Hello Everyone😃 ADA is holding above support zone and it seems ADA pulled back from it, But its not confirmed yet. IF ADA breaks resistance and take hold above, its safe to open long but if ADA rejects resistance and get back to support zone, Then it will cause another dump. By the way indicators are being Bullish and it means we have more chance to take long on this coin. 🔴Next hours are critical for ADA so don't miss next candles to do take best entry ! Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
by Helical_Trades
1
LINK/USDT : moving into ascending channel, what's next ? BINANCE:LINKUSDT Hello everyone😃 Here we have Bearish crossover on MACD and Bearish crossover on Stochastic RSI. LINK is moving into ascending channel ant it touched channel one more time ! Now it will be possible to touch channel's bottom... 📌 It means our next target on 12H timeframe will be 11$ But on 2H timeframes : Stochastic RSI is being Bullish, Also LINK touched EMA 100. There is possible bounce to resistance zone, Then target will be 11.5$... 🔴 ALTS dominance is at important level, BTC movement can lead other coins, Don't take any position without stop-loss. Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
Short
by Helical_Trades
2
BTC/USDT : possible movements and how to trade now ?! BINANCE:BTCUSDT Hello everyone😃 BTC had a pullback on EMA 100 and Bullish movement is started on Stochastic RSI and MACD. As indicators are reaching over bought zone we will see more bearish volumes and it will make it easier for BTC to reach demand zone. On first vision, next target will be Demand zone. After reaching demand zone, If BTC continues downward movement and break demand zone support it will retest 14K. If BTC pulled back from zone and bounce from it, then our target will be 15100$ resistance zone. 🔴 Next target is 14300$ demand zone after it we will have 2 scenarios for BTC. Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
by Helical_Trades
3
ADA/USDT : How to trade in ALTS now ? BINANCE:ADAUSDT Hello everyone😃 ADA is trending into ascending channel now, We have bearish crossover on Stochastic and some reversing on market positions. As we are above last resistance line, ADA can test 0.1$ again. Fake breakout is expected, but major is some correction and we can take long position at Entry zone, Also we would have some stop hunts there ! 🔴This all happens when BTC remain Bullish and BTC.D make some corrections ! Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
by Helical_Trades
2
BTC/USDT : Stochastic at absolute100 ! how to trade now ? BINANCE:BTCUSDT Hello everyone😃 We are out of technical now ! there is no sign weakness on BTC based on people's thinking... Now most of indicators are in over bought zone, so we need a little correction here OR it could range here ! As I said on last analyzes, we don't have any technical logic for this movements, But we will try our best to interduce best signals for you dears... IF BTC continued bullish movement, next target will be 16200$ but on technical vision, It should crash actually :) So don't Trade with high leverage, Be safe ! 📌 14900$ is a good Entry if BTC pulled back into bullish phase again, If BTC rejected 14900$ then we can wait for a retest for lower supports at near 13500$. 🔴 Don't forget that this movements are based on people's thinking, not technical rationale. Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
by Helical_Trades
7
ETH/USDT : how to trade in volatile market now ?!BINANCE:ETHUSDT Hello everyone😃 Helical indicator had a bullish crossover on ETH/USDT at 380$.. Now on hourly timeframe, It seems ETH is following BTC but because of low dominance it cant have the right correlation. By the way Stochastic is at 100 limit, So it have to cool down a bit ( price can being range in meanwhile ). Also ETH was into a bullish flag and it had bullish break above it. There is 2 buying option, waiting for a breakout on 420$ and take long position or waiting for 400$ retest to enter. On both side target is 430-440 zone. 🔴 This are not based on technical analyzes, This are based on people's thinking. most of indicators are at 100 limit or in overbought zone on higher timeframes !! Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
by Helical_Trades
1
BTC/USDT : breakout from daily ascending channel, What now ? BINANCE:BTCUSDT Hello everyone😃 As I mentioned on my last analyze for BTC ( If any candle closed above 13850, will cause a bounce on BTC ) we had a bounce above 14K. On my vision, its risky to do scalping now ! By the way on our technical view : We have another bullish crossover on Stochastic RSI at level 90, and now Bollinger Bands made more space for BTC to bounce again. On other side we have divergence since 21th October. These are most important Technical information that we have. Now what is the BTC's Plan ? - If current candle closed above channel it will cause another bounces till next resistance & order walls ( we have strong sell order wall on 14400 - 14700 zone ). - If BTC reject to break and get back into channel, It will lead BTC to bottom of channel... Also all of this pumps are for short-term, After USA presidential election. We might have some demonstration or worse like riot !!! 🔴 DO NOT TAKE ANY LEVERAGED POSITION NOW. Buy option for BTC ( if candle closes above channel ) : Entry : 14050 - 14100 $ Targets : 14400$ - 14700$ - 14900$ SL : 13650$ ( 3.5% )
by Helical_Trades
1
DOT/USDT : going to test dip again! BINANCE:DOTUSDT Hello everyone😃 DOT broke support and take hold hold below it. Also EMA 100 and 200 are controlling movement as resistance now ! WE have bearish crossover on Stochastic RSI and MACD. On our vision, DOT could range at current level and a retest at resistance, Then it will fall again. Or it can fall on next hours if bearish crossover on MACD confirmed ! EMA 100 rejected highs so many time, It seems DOT can't grow more than 4.1$, its a good zone for short entry. Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
Short
by Helical_Trades
1
YFII/USDT : breaking last support zone now...BINANCE:YFIIUSDT Hello everyone😃 YFII is trending into last support zone, We expect a retest on resistance line cause of convergence. There's a bearish crossover on MACD and bearish Stochastic RSI, which are confirming bearish phase. Best way to take short is : Wait for a retest on resistance line or near it, then open short with tight stop-loss.. Taking position on DEFI coins are risky now ! Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
YShort
by Helical_Trades
4
BTC/USDT : possible movements and daily resistance BINANCE:BTCUSDT Hello everyone😃 Bullish side📈 - RSI had a pullback from limit 30 - Bullish crossover on Stochastic RSI Bearish side📉 - MACD is bearish, Also had a bearish crossover on higher time frames ! - Helical indicator is being bearish - Market positions are more neutral but slightly bearish - Break support line recently - Bearish FIBBO retracement on 4H time frame - Bearish Crossing on EMAs - Bearish engulfing BTC looks bearish but it need a structure correction on lower timeframes.. Also it just touched resistance level on Daily timeframe into ascending channel !! Daily chart : MACD and Stochastic are being bearish on Daily time frame and it could lead the market 12K channel ! Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
Short
by Helical_Trades
2
YFI/USDT : Next candles are very critical, Possible movements !!BINANCE:YFIUSDT Hello everyone😃 Bullish side📈 - Multiple touches on BBs lower - Convergence on daily time frame ( 1Day ) - Bullish crossover on MACD - Bullish crossover on Stochastic RSI - Bullish break on wedge - Helical indicator is being Bullish - Bullish crossover on Market positions - EMAs are very far from trend, need to retest some of them - Below ICHIMOKU cloud ( it cause a movement until price touches cloud ! ) Bearish side📉 - NOTHING :) Everything is confirming Bullish cense for YFI ! BUT its better to wait for a hold above resistance line, If it works you can long YFI till next resistance line or more ! Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
Long
by Helical_Trades
4
COMP/USDT : how to take position now ?! BINANCE:COMPUSDT Hello everyone😃 Bullish side📈 - Pullback from support zone - Going to touch FIBBOs retracement level5 - Bullish MACD - Bullish market positions - Convergence ( 4Hours - 1Day ) Bearish side📉 - EMA 50 is near and price is below it... ( 4Hours ) - Stochastic is touching 100 limit, need to cool down ! - Bearish FIBBO retracement COMP had convergence on 4H & 1D chart, It should test 100$ or more ! Also most of indicators are bullish, so we predict on them. Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
Long
by Helical_Trades
XLM/BTC : All time low is nearBINANCE:XLMBTC Hello everyone😃 Bullish side📈 - RSI is near oversold zone - Stochastic RSI is being 0 again ! Bearish side📉 - Bearish MACD - EMA 20 is resistance - Very Bearish chart This is the last support zone for XLM on BTC pair, IF any candle closes below 555 Satoshi then it will dump very hard ! Also there is view on weekly chart which confirms bears.. : Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
Short
by Helical_Trades
2