Get started

In

EURUSD range-in-range effectGood morning, today i checked out the four-hour-chart and saw that range-in-range effect which we can see many time while the market is running sideways. This effect always has a big range, a small range in between that big range and a neutral area. Those three levels are mostly decisive for the next movement. What does it mean in this case? The market is currently in that neutral area. At this level i am not doing any trades since it is completely open whether it goes long or short. Thats why i am just spectating the market and wait for the moment when the market is leaving this area. If it leaves the area long i will focus at long trades only if it leaves short i will focus on short trades only of course. Whats the sense of it? The neutral area is mostly in the middle of the big and the small range. We know that we have a Ping-Pong-Game inside a range. So if the market is leaving this neutral area long/short it will mostly test the upper or lower range line. For example : if the market leaves the neutral area to the long side I could plan long trades with a target the range line from the small range. The small range lines will decide if the market entries the upper range or the lower range area. Thats why you can see that small range also as a "neutral area" regarding the big range if you only want to focus on trade with big range targets. Summary : i will wait for a break out of the neutral area to find possible long/short entries.
Education
by StefanKassing
2
BTC possible short - First target 8600 Hey, this is my first idea ever published. Please note that I might be completely wrong, and that It's made just to add some idea on where the price might go. I will be really glad for any comment reagrding anything wrongly interpreted in my idea since it's my first idea since I started learning TA. Right now there are two scenarios that I can see happening in the near future. Either we will break above 11500 level, which would indicate further growth to price point of 16222 measured from the bottom of the inverse H&S to the neckline projected upwards from the neckline. So far I see this scenario less likely due to the fact that volume should expand on the break from the inverse head and shoulders. It is still a possibility though, and it should be taken into consideration. In this case I would recommend to enter the market on the retracement move of the breakout from the inverse H&S since you want to avoid getting caught up in the failed break out. If the inverse H&S doesn't play out, we can see a big drop to the first support level of approximatelly 8600. From there I would expect it to form a possible falling wedge that could bottom close to the recent 6000 low. Falling wedge is a bullish continuation pattern, and sucessful break above could as well mean the end of the correction. As you can see from the RSI, we broke already broke above bearish 28day RSI. If this scenarion would be about to happen, I would enter the market on the retracement move of the break out of the possible falling wedge confirmed both by RSI, and by completion of the pattern. Hope it made sense, and I hope that I didn't scare you off with my poor english, since I'm not originally from the english speaking country. Enjoy, leave a comment and have a great day!
BITFINEX:BTCUSDShort
by CryptoFlows
ETCETH Opportunity Still Exist, Several Pivots ConfirmBuilding on last idea and cleaned up chart . Same information as previous (linked) except a few extra confirmed pivots. Stop moved up from 0.0368 to 0.0398, assuming a 1-2 is in and another 1-2 (small) is being put in, stop under the 0.786 of the smallest, most recent 1-2. As with all alts, upside movement is most often associated to non "crashing" of the big 2, eth and btc that is. The red dashed lines are where the algo's will most likely sell off if they aren't closed out. Price correlation chart. www.sifrdata.com 4hr Last idea (same as this one)
by rnm410
EURUSD and DXY confirming signal of change in trend for dollarEURUSD EURUSD and DXY EUR is tracking an inverse set of parallels to DXY. When EUR breaks lower it's a second sell/add shorts signal which must be confirmed by DXY breaking above the upper parallel containing this impulse wave from inception. DXY has to break and hold above that parallel before the bears will back off - but it's fighting here, where it should if it's to turn back up from here. The confirming signal is the break above the upper parallel. DXY Dollar Index Despite the spike and noise surrounding CPI numbers yesterday DXY has been forced back down the same small parallels it was travelling down before the numbers hit the newsfeeds. As in last comment Dollar bulls still have the double bottom on their side here. The last one was one week apart, this one is 2 weeks apart. The Dollar is likely to hold here at these lower levels and then begin to rally. It's waiting on Wall St to open now but bears in London have failed to push it below the double bottom. A sign of waning downside momentum. Once it can break above the upper small parallel guiding the descent it should attract more buyers and move back up to test the 89.37 line where it will likely meet resistance again...it has to push on through here during the course of today for the bulls to gain more traction and flip DXY into more positive mode from this point. This battle may take some time to resolve - DXY has to fight its way through three lines of near term resistance at 89.37, 89.51 and then 89.62 to turn back to positive again. Look to buy dips here and on the pairs with stops under 88.40 on DXY for small loss if wrong from here. Increase longs on move above the smaller upper parallel. On downside, DXY will have to break below 88.40 today to change this view to near term negative but only back to 87.70 at lowest where DXY should find final support and begin to rally again. But so long as 88.40 holds up today the Dollar's downtrend is finally coming to an end.
by sumastardon
FTSE 100: UKX Inter-Generational High: Super Cycle only half wayFTSE 100 Inter - UKX - Inter-Generational Cycle High - Half-Way House Nine years from high to low. Nine years from low to High on FTSE in fact the secondary or final rally high set in week of 13.03 00 as Internet generation 1 peaked with Nasdaq and techs' peak reached that week). Low reached March 9th 2009. The next cycle date falls between Friday 2nd March and Friday 9th March. If the major markets break below the lows of last week we can therefore most likely expect a low to form at this point in time - and if they can hold up today and rally from here the next high is likely to be struck in the 5 trading days between March 2rd '18 and March 9 '18. Whichever way it breaks from here should be worth following in the near term - but start to look for a significant change in trend in either event come 2nd March through 9th. Looking even further out in time this peak now is likely only an inter-generational cycle high, marking the half-way point in the old 18 year generation cycle. The real grand super-cycle high (high to super-high) is not reached on this chart until March 1st 2027. Time, as always, will tell. In the meantime, there's a nearer term FTSE strategy outlined below.
TVC:UKX
by sumastardon
Dow Jones Industrials DJI Back on the buy listDow Jones Industrial Average DJI Back to buying the dips Yesterday the Dow completed a 10% drop from the high (10% off the top is 23956, the low was 23923.8, just 0.5 of one point from the support line at 23924. An 11% drop would be 23690 - there is another fixed support line at 23613, just 77 points lower. This line line should be the limit of any further downside should 23924 line give way today at any point. From there it should rally back to 24345 -24400 range where it should begin to retreat again..how it reacts here is key...if it can hold up off 24300 and then go on to break above 24400 again it becomes a buy with stops below 24345. Otherwise we ait for lower levels. But so far this is a sharp fast standard 10% decline ina bull market. Done and dusted so long as 23611 holds out this week. Back to buyng dips for now.
DJ:DJILong
by sumastardon
Bitcoin: BTCUSD First Signs of a Bottom in SightBitcoin BTCUSD Update Next Buy and Sell Points We have a low here on Bitstamp at 5920, on Bitfinex at exactly 6000 and on Coinbase at 5873 - so far. Earlier in London Bitcoin has been driven up through the upper parallel that has been controlling this sell-wave from yesterday. It's the first early sign that this is getting close to the bottom now. It's finally trying to put up a fight here at these lower levels...so on downside will not be looking for another short unless 5900 is broken on Bitstamp and 6000 is broken on Bitfinex - and even then will only be for 300 points or so to 5636 and if so will be looking to reverse long again at this point if struck with stops 100 below On the upside it's nothing more than a speccy buy at 6300 with a stop below 6200 - it's more risky than buying the breakout as we don't know for sure that 6200 will hold out yet. Otherwise we stand by for a potential break above the upper parallel, looking for a successful restest from above once broken...it then has to break above 6610 and hold there to give us confirmation that the rally is good to go - look to enter long positions if we see this price action develop. Otherwise will look to get long again from lower levels later.
BITSTAMP:BTCUSD
by sumastardon
3
XAUUSD and DXY - Gold top likely this weekGold Dollar XAUUSD and DXY The dollar's decline is close to finishing. Likely to be one two spots outlined below - so this is likely also to be a big week for gold, oil, and across US pairs too. Look for buy set-ups on dollar pairs and sell set-ups on gold, silver, copper and oil... As DXY tries to climb and hold above a little dynamic that underpins price from the lows,so gold is held back by a similar dynamic resistance line from the highs on the chart to left. DXY is close to changing back to positive, either from here, at 88.44 or from 87.70 at lowest. This is likely to happen this week. It means that gold also is likely to reverse from current levels, or from one last burst higher from here at best. If it's to reverse here DXY will have to break and hold above 89.53 - in so doing it will have broken key fixed resistance and the upper parallel which has controlled the current down-wave from inception and so will flip the dollar back to positive and gold back to negative again. This should be reflected by gold falling below 1341, giving the first confirmation that the trend has changed back to negative in the near term and triggering a fall back to 1306 in all likelihood. However, if 88.44 fails to hold during the course of this week it will tip the dollar into what should be one final selling climax which should culminate at around 87.70 at the extreme before DXY finds support and begins to rally again. This will carry gold to 1375 and at an extreme to a 1389 high. Look to close out remaining gold longs here, and some will consider shorting if we see this price action develop later this week.
FX:XAUUSD
by sumastardon
Bitcoin: BTCUSD New Trading Realities in a 'grown-up' worldTrading Bitcoin in the new Realities of 'Mainstream' When Reality Bites - How to Deal with it Dispassionately - or Miss up to 50% of all opportunities...trading for Adults in a grown-up world For those who like pattern spotting there have been three or four very good sell points off the Coinbase chart. Maybe 80% of the few people who read this will have Bull hats on, are inherent, full-on bulls. Only 10 to 20% will be bears. If one or the other we will miss 50% of all trading oppotunites, roughly. Who was looking for sell signals recently (after that RHS failure) ? No, because most of us are bulls we're only looking for positive signals. Try to be dispassionate about Bitcoin - that is not easy, being as we're humans. We're programmed to want to join the herd. A bison gets FOMO too, that's why he wants inside the herd and not out. Penguins too. But we are not penguins. We need to stop acting like one. Agreed? We need to be like doctors who will get sued for giving the wrong diagnosis, however bad that might be. The patient wants truth not platitudes. That's how we need to view Bitcoin. If we love it too much we cloud judgement and lose trade opportunities. So strive to be dispassionate. Or it will cost you roughly half of all opportunities. Look at the trail Bitcoin has left...get down off your horse and look...look how good those sells were on the breaks...how the first two break and then come back to retest the little dynamic from the underside and that's the sell with stops say 50 higher (never touched) and then look at the third and last arrow in the sequence - the market is moving fast at this point and there is no retest this time. And then the series of highs running right into the resistance line at 12472. Each was a fantastic near term opportunity to mine another 1000 points minimum out of this monster, and the last 2 breaks were 2000 points - that's 6000 points in breaks in 3 days. That is 60% of total value of Bitcoin right now. How crazy is that? You NEED to be Ok with shorting as well as going long to survive this market. You are not going to get every one, but half would have been good, very good. And look how simple the patterns are ! That ain't rocket science is it? One single line of dynamic support (upside doesn't really matter too much in a downtrend), we just need to get a line under the counter-rally - behaves very differently, obviously, in a slower market at top half of chart than in fast market where patterns are obscured in the noise more easily.
COINBASE:BTCUSDEducation
by sumastardon
1
Fingerprint Cards the next biometric cycle revolutionWill be multibiometric! Smartcards (contactless & batteryless, acesscards and payment cards) Iris (activeIRIS) Airportsecurity I o T In the Cloud FULL In-Display (touch your thing and it is unlocked) In the car (nu radionsignal and no more stolen cars) Outside the car (no more lost keys, look at it or touch it and its open) At the petrol station According to the company states will be the company's largest customers! It´s simple as this!
OMXSTO:FING_BLong
by FinanceHulligan
15
Long Term S&P500 UpdateOn the weekly chart, it seems as if we are approaching a top that should give us a reasonably substantial correction sometime during 2018. However, on the shorter term, the market it still pointing up, and therefore, is still good to buy on intra-day and intra-week swings to the upside. Historically, the market finds some kind of resistance when approaching round figures such as 2700 and we must be careful when buying around these levels. It would be a bad idea to start looking for bearish trades before the market gives any evidence. Overall, I am looking for the market to top out in 2018 and retrace but I expect this bull market to continue and by 2019, we should have new highs depending on the duration of Primary 4.
OANDA:SPX500USD
by StippWian
EURUSD: Still more EUR upside in store to 1.1880EURUSD Don't get Spiked in FOMC aftermath Eur stays under pressure whilst trapped within the parallels - a break above the upper parallel means trend change back to positive for EUR - not a spike above the parallel (FOMC) - a successful break and hold on retest to know that trend is changing back to positive for EUR. Update: A fantastic break that we usually only see in the crypto markets. But today the fiat paper currencies caught the fever. EUR is strong above support at 1.1813 and should bounce here at lowest on any consolidation from here before rallying further to 1.1880 *The first section was written for hedge funds ready for the run up and aftermath of FOMC meeting - to simplify and de-noise the event It's not much use for trading purposes now (TV had an embargo limit running 24 hours ago when it was uploaded and thought it would do it automatically when time limit expired. Wrong. So many limits to getting information out with so many markets to cover. This is not the way. But the price action here is worth uploading for newer traders: put the parallels on your own chart with a 5 minute chart and see how perfectly EUR comes back to test the parallel from above - one last perfect kiss - before it flies higher through uncontested space above it. The whipsaw you see is normal crap after an FOMC meeting - but out of chaos emerges perfect order. Just takes a little time. You don't need to get caught in the noise. You need to get caught in the aftermath. Sometimes it pays to wait. Hedge funds do. Why not you?
Long
by sumastardon
BTGUSD Back in Buy zone - so long as Bitcoin holds at 11200BTGUSD Back in buy zone at 306-300 Longs should have closed out at the 320 target and now BTG is back in the buy zone at 306-300 range -it can potentially spike down to the lower parallel at worst before the rally resumes. Look to accumulate on weakness with stops placed below the parallel or can try at 306 with very tight stop at 303 for small loss if wrong from here - or place orders in market at 300 down to 294 range and they might get struck. All stops must be either very close if going long here (it's speccy with 3 downside and 14 upside to 320/upper parallel spike at highest) or under the parallel if going fishing at lower prices. So long as Bitcoin holds up at 11200 BTG should be fine too. Close both if this level is broken, though.
BLong
by sumastardon