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The Beauty of patience in Forex trading!The Beauty of patience in forex trading! Price Went back to restest the 1H Range, I was looking to buy around restest, But no Always patience. Even at Retests, Look for confluences to enter long or short. - THINK TWICE BEFORE PULLING THE TRIGGER! What price Did eventually went down to the bottom of the range and broke it towards downside. Why it went downside? -Because EURNZD was overall bias bearish on higher timeframes BREAK OF RANGE was a new LOWER HIGH POINT ;) not a conformation to buy Charts show you logics, Only trade them.
Education
by Keashif
IF ONLY I Checked the Pre-Market... Daytrading RECAP 04/13/20Hi traders, Hope you enjoyed the holidays as much as the lockdown allowed you to! Let's take a closer look at one of my Monday trades. *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.* SPY was down for the first 1.5 hours and then retraced, spending the better part of the day in a range. Four trades today: 1) RCL - SHORT @34.83, closed just before the close after it ranged all day together with the SPY for +1.43% 2) SABR - SHORT @5.59, did a couple of mistakes I discuss in-depth in the video. -1% 3) PAA - LONG @6.31, a nice cup and a handle formation, albeit a little extended. It pulled down with the SPY before finally taking off without me. -1% 4) MU - LONG @45.49, initially a short idea, MU turned quite strong later in the day. Similarly to PAA it shook me out before making the anticipated move. -1% Total PnL for the day: -1.57% Total PnL for the week: -1.57% Good trades, Tom | FINEIGHT
NASDAQ:SABR
by Fineight
Bears vs. Bulls - ConsolidatingSimple Triple 70 MA with Momentum and ADX Bears and Bulls are struggling for the lead as we're seeing consolidation in EUR/USD. Be sure to check your work on this one as we could see a possible reversal in the near future. However, for now, make sure if you've taken a Long position earlier today to stay in and don't fall for consolidation until you have confirmation from multiple sources. We could see a reversal and go down OR we could see another upward impulse move giving you more profit. Be sure tho, to mark your Stop Losses to maximize your profits. Want to know more about the strategy? See the Linked Post
Education
by RagingSniper
USDJPY STOP LOSS MANAGINGHi Traders, I'm here to help improving your trading skills with my ideas to see the market from sombody else's mind. So as I promised, I'm here again with this pair because of SL managing. I opened my position at 108,149, and now I moved my stop loss to this price. ---> Means I can't loose money in this position. This pair is interesting now, because it seems loosing momentum. Now I'm monitoring the chart to see what's going to happen. Stay with me, I will be back again with this pair. Let's be successful together. Follow me for new ideas, I'll appreciate your follows. Have a great day ahead, Benjamin
by Sparksoffly
8
How to invest your money(CORONA VIRUS) Current Situation MY VIEWHello Traders ! SPX500 Good price to buy? : TVC:SPX The question is yes on both sides. Whether you are trading or you would like to invest your money. The price is so low right now and thinking long term the price will go up the next years. SPX500 represents the 500 biggest US Companies. The chance that these companies will lose their value over the next few years is not really possible. If this will happen then our world will have a big problem and you loosing your investment will be the smallest problem. Investing: Always a got way right now because of the Corona Virus. But think longterm. Of course we could see SPX500 dropping more. Therefore I would split my investment and purchase at different prices. For example now. If we will see the price dropping more than buy again and so on. On the long rung(5-10years) you will make nice profits. #thinklongterm Trading: If you consider only scalping it a little bit I would wait for price to go down retesting the Demand Zone before entering the trade. Make sure to keep an eye on Price Action in order to know where to close your trade. Stocks are very violent some time and they react pretty well on Price Action Candle Sticks. So keep that in mind. Corona Virus: What impact will have the Corona Virus on the long run for us? Actually Corona Virus is not that dangerous like we all "think". Of course it is a serious problem but we do not need to make the problem bigger than it is. You as a person need to decide if you can do something against it. For example doctor, researcher, ... But you as a normal person can do 1 important thing. To not spread panic! The crash on SPX, Dow, ... is the sum of the panic reaction of all people. Simply. Our luck is that the Corona Virus based of facts will not affect our world much. Therefore the whole economy will recover. This is why I recommend investing your money. That was my View of the current situation of Corona Virus and the impact on our economy and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions. Thank you and we will see next time - Darius.
OANDA:SPX500USDEducation
by DariusFxTrading
ONTUSD o.O1) It looks like ONT is holding support very well and a possible new trend line (Bottom yellow line) is forming off of this dip. ------ If stop losses are set around .65 (7%) the possible gains are up to around $1 (40%ish) which I would suggest of course to take gains on the way up. I like to take gains around whole numbers because its easier to remember the numbers. ------ All bets are off if it drops below the yellow resistance. 2) The top yellow resistance line is made from 7/23/18 to the second point on 6/24/19 down to the recent high on 2/10/20 on the weekly chart. (11mths,9mths,4mths?) ------- To me this is showing that the yellow support and resistance lines are forming a bull flag. These lines should intersect around 4/20/20 (lol 420) that is pretty soon given the last high was 8-9 months ago. 3) The top blue dotted line is made from the high on 2/15/20 and the high on 2/24/20, coincidentally on 3/2/20. (on the daily chart) ------- Now we are trading above the blue line :) ------- I think that this blue line is a very good indicator in our favor. ------- It also seems that the price is following the line possibly down to the yellow or blue resistances then spike up? 4) The bottom blue dotted line was made on the daily chart starting on 1/24 then the next point was on 2/27. ------- I don't have much to say about this line other than its useful to use on the shorter time frame lol. 5) This resistance also makes sense because we are close to the previous low around the end of Jan. ------- This is becoming a bull market ever since 2020 and I don't really see this losing steam any time soon. For the part of the market that is like me (Bulls) we really want to see the price have a low above the previous low. This even makes some bears become bulls because the trend will be very strong at that point. 6) Purple box is the a strong "support and resistance" on the monthly/weekly chart. 7) BTC has a VERY similiar situation with MUCH more volume. ONT has usually followed BTC and I think that trend is so set in stone at this point something major would have to happen for that trend to break. ------- Follow BTC if you want to trade this coin. If I got you thought that click bait thing was funny like/follow/share/subscribe ;) Okay now that that's all done if you have any questions, need clarification, have a comment, or want charting/analysis advice please let me know. Feel free to DM me and we can trade ideas, I love hearing others thoughts and learning new ideas or teaching new ideas to people. So uhhh please like/follow/share/subscribe ;)
BINANCE:ONTUSDLong
by Stonks_Up
1
What should we do next with USDxHello Trader around the world, how about your last friday, did you trade? Last friday I've trade the USDCAD and AUDUSD currency For AUDUSD I Long and lost already But USDCAD still at the big resistance and I have short already and put a stop loss at 500pip I really want Monday to come fast as I can Today I want to sharing all of you learn about How the currency connect Sometime maybe someone Long and Short position in the same time with same currency It was no good Long EURUSD and also Long USDCAD is wrong But Long EURUSD and Short USDCAD is great Cause if we look at USDx or Dollar index And try to compare with any currency you will see something connect First you shoud know that USDx will move same with USDXXX currency and XXXUSD will move converse in the same time Example Now USDx move up USDCAD should move upward EURUSD should move downward For now about USDx you will see a price have break already so if the price will continue to move up Price should comback and rest at the old Resistance or new support If you see a price move downward to support Is mean that USDx move downward Is mean that USDXXX move downward too Is mean that XXXUSD will move up Did you get it? I hope that the things that I have learned around 3 years can help you and you will be a great trader if you can Trade is a lot of things you have to learn And we always have to update a strategy Is didn't mean you know something and you will rich from it You have learn a lot of things and use it at the right time, timing is so important Just it, that's all for today About how there r connect Sorry for my bad English Hope this week you will get a lot of money Goodluck
TVC:DXYEducation
by TeamothyTrade
AAPL setting up for a pause?Apple (AAPL) has been on a hell of a bull run since January 2019 - up 123%. However, a few recent signs point to increased volatility and the potential for price to pause in the short to medium term. First up, trend line steepness has been increasing. Each leg has been rising at a faster rate, and while this can be considered a sign of strength, the most recent legs are unsustainable (in my humble opinion). Markets are a constant battle been supply and demand, which is why price always zig zags on it's journey. The faster price changes, the greater the imbalance must be. At a certain point, all those who are holding AAPL longs will start taking profits, and short sellers will start viewing the price as overextended and ripe for plunder. Whether we're there yet is anyone's guess, but trading is a game of probabilities and you have to read the signs the market presents. Next, a new Institutional Zone (IZ) has presented itself at the 321-327 zone. IZ's are one of my favourite ways of determining tradable areas in markets. Their composition is still a trade secret, but here's a clue: look for candles with small body and/or high/low range, and high volume. These are signs of large, institutional money creating positions in the market. Price will, more often than not, react to these zones in the future - presenting us small fish with opportunities. You can see an example of a IZ formed on the 11th October 2018, and how price reacted to it at the start of May, August and October in 2019 (the 3rd October retest was a AAA grade entry opportunity). A note: the green vertical lines highlighting the two IZ's are an indicator of my creation. So, where is AAPL heading? Well, I have no idea. Predictions are a fools game. The market, at this point in time, is overwhelmingly bullish. However, signs are there that it may be worth taking some profit at current levels if you're holding AAPL longs. Remember, you can always re-enter if price breaks out again. All the best, DD
NASDAQ:AAPL
by DreamsDefined
Bitcoin - Think about what you're doing...BTC is currently resting atop the 100 moving average on the 1-day chart, this moving average is going to start pressing Bitcoin for an answer in the next few days. As you can see the ceiling, for now, is the white resistance line. I am optimistic that BTC will jump above the resistance line, why? We have not lost the 100 as support for a few days, this means that BTC wants to use it as a base to spring up above. Also, another small sign is that the 100 is beginning to point up. Need another sign? Ok, we hit the 50% pullback (retracement) and bounced up from there, that's a sign of a healthy run. Again and again, we are still under a death cross which means we are only partially excited about BTC going up because this run could be over at the 100 moving average, which will be a pretty good payday for a lot of us. Over at the 3-day chart, we don't have the best of news for the long term since the 50 moving average is crossing the 100 moving average down. When a faster-moving average is below a slower moving one it is not good. To understand this in an easier way let me put it like this; If the 20 crosses below the 50 that's not good if the 50 crosses below the 100 that's not good. Overall if a moving average with a smaller number crosses down one with a higher number, it could mean bad news. Below you can see the 50 in yellow wanting to cross the 100 in blue. It is not a major thing but let's put a pin on it. If we find more bad news on other time frames then we'll start to worry. THIS IS THE IMPORTANT PART Let's look at the relationship that the 200 Moving average has with price (use the main 1 day chart as reference). We are also going to look at the behavior of this moving average while we are under the 50/200MA death cross. Typically BTC will drop in price (which it already did) and then it will form a base (which it's in the process of doing) it will then start taking shots from that base at the 200 moving average and it will get rejected a few times (We have not done that even once yet.) The base, for now, appears to be $6800 it will then use this base price to take a shot at the 200MA which is at $9100, it will more than likely get rejected back to the $6800 region. VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time and so I thank you for yours. Why has the "B" for bitcoin in my chart gone from red to yellow? Because we have stopped doing lower lows and we have exited the secondary downtrend channel. BTC is acting neutral for now. Follow me and you'll know exactly which coins to buy and when to buy to maximize your profits. NOW, THE LEGEND; Support trend lines are green Resistance trend lines are Red Horizontal support lines are white, the thicker the stronger the support 50 Moving Average is yellow 200 Moving Average is white THE TREND: Going Down THE OUTLOOK: A rally may be coming soon.
by cryptoGats
87
Goal : The portfolio I'd like to build in 2020Hi, my name is Wendy! I'm a beginner and my aspiration is to learn from all you kind people here on TradingView. One day I hope to land a job as tecnical trader with an investment firm. Please don't hesitate to critique, correct, and leave feedback — I'm here to learn! --- I have never traded a stock in my life. I know nothing about how to build a portfolio. But we have to start learning somewhere, right? Further, I love Catherine Wood of Ark Invest. She seems so smart and I really like her way of describing possible futures. So, to get started in trying to figure out what stocks to look at and possibly add to my portfolio, I read a bit on the ARK invest website. I found the American Beacon fund and shamelessly picked their top 10 stock holdings. To bring up the total to 100% I added gold and Bitcoin. Just to avoid any misunderstanding — I don't own these stocks. Rather, they are stocks that I want to analyse and hopefully invest in during 2020. Since I'm a beginner, my main focus is learning how to pick stocks and manage a portfolio. What are your thoughts on how to start buidling a portfolio? What are some simple but important things to consider? /W
NASDAQ:TSLA
by WendyRoades
5
BTC bottem is in, upside to come according to volume patternGood evening everyone, Today I took a good look at BTC. First I want to share some information about volume with you because it is very important to understand how this can be viable information in trading. There are three types of volume: 1: Igniting: Ignites a move in a new direction or continues and already strong/weak non-extended move. 2: Ending: Ends the current (extended) move. 3: Resting volume: Allows the stock to rest enough to continue its current move after a pause. Typically seen in consolidation breakouts/breakdowns. I use these 3 types of volume to help discern when a stock might change direction or continue a move. Keep in mind, I am not only looking at volume, but I am also looking at support/resistance areas, how the stock arrived at its current location as well as the volume associated with the move. Lastly, on certain types of moves (especially climatic reversals), it is common to have both types of volume happening in succession. Many people are thinking that BTC will go lower (there is fear in the market) and that makes me more confident that BTW will go higher from now, because we only have seen some resting volume and a price decline, but this is after huge igniting volume, so there must come big Ending volume to end the uptrend, for now, I haven’t seen any of that. I expect BTC to test the old support and 200-day MA at 9400 USD in the coming weeks. What do you guys think? Please leave a like and comment below if you enjoyed this post. Greetings!
BITMEX:BTCUSD.PLong
by Cornevdberg
Bitcoin measured downtrend to reverse only if price breaks 8700 Bitcoin price cautiously moved down for the last week, with several tenuous rallies in the process. Price broke down the pivot support level at $8600 USD today. The overall crypto market is still very weak. Until seeing a major break out above the downtrend line with strong volume, it's safe to assume bitcoin still has room to go down. The downward structure looks like a descending wedge, which is a bullish reversal pattern. However, currently, we don't have any bullish sign for the moment. Horizontal support 2 : 8160 Horizontal support 3: 7650
BITMEX:BTCUSD.P
by UnknownUnicorn3838311
Long position AUDUSDWeekly Daily support area lower high lowerlow has changed to higher high and making higher low now divergence visible on 30 min target 1----- 0.69200 (previous daily candle high) target 2----- 0.69800 --- (if high broken) ( resistance above daily high) strategy --> you can enter now with stop below lowest price + 10pip (aggressive entry) or you can place stopbuy above high and add smaller trade all the way to target (what we suggest) remember to calculate your risk first and dont take big risk (not more than 3%)
Long
by Forexharmony