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CHF/JPY: POSSIBLE ABCD PATTERN!**DISCLAIMER** DO NOT TAKE THIS AS A BUY OR SELL SIGNAL. THIS IS MY VIEW FOR THE MARKET! Hi everyone, As you can see on the chart, there might be a possible ABCD pattern going on. Not only that, there also was a double-top spotted! Before we go into the possible ABCD pattern, i want to take a look at the support that became a resistance later on. It spiked back to the previous top, which formes a double-top! So, support became resistance. That gave me a clear reason to think it might go down further! So why do i want to short at the resistance level? Because that was previous support. Support becomes resistance remember! The resistance level is also close to a 61.80% fib retracement level! Cool right? ;) To make things clear and short: It might go a little bit above my short order but, i dont see any reason to "panic" then. Because it needs to break the 100% fib retracement level, and ofcourse: HIT MY STOP-LOSS. I don't want to make this analysis description any longer, let the picture further speak for itself :) (This is just the paper-trading. I do not invest real money in this trade!) Once again, do not take this as a buy or sell signal. If you do, i am not responsible. Thank you for taking your time. If i made a mistake, drop a comment with a argument. If something is unclear to you, or if you have any questions left, please drop a comment too :) StenB.
by StenB
1
GBP/JPY: My view for this trade :)**DISCLAIMER** DO NOT TAKE THIS AS A BUY OR SELL SIGNAL. THIS IS MY VIEW FOR THE MARKET! Hi everybody, This is my first trading idea that i post on TradingView. Please note that i am 16 years old and still in a learning process :) anyways, here's the info: So as you can see there is a double-bottom and a double-top. i illustrated it with the blue and red lines (and the black lines on the swing high and on the swing low). The white box represents the lows acted as support, which also gave me a reason to think it first goes to the previous resistance level (marked with a red arrow pointing down on the left side on your screen). And, the previous resistance level is also a 50% fib retracement, just to make things clear. After it hit the previous resistance level (50% retracement), i expect it to go to the previous support (and a resistance) level. That is marked with a green striped line. ( This is just the paper-trading. I do not invest real money in this trade! ) TP: 1.663 pips. SL: 1.142 pips. Risk/Reward Ratio: 1.46. Once again, do not take this as a buy or sell signal. If you do, i am not responsible . Thank you for taking your time. If i made a mistake, drop a comment with a argument. If something is unclear to you, or if you have any questions left, please drop a comment too :) StenB.
by StenB
2
Part 1: What is Technical Analysis? Starters guide for investingDear investor, Welcome to my blog, where i am trying to learn investing with technical analysis (TA). I will share my studies and investings ideas with you, so we can discuss with each other.. First off all i'll investigate a theoretical studie. After this i'll try the theoretical studie on cryptocurrencies. This blog is for everyone who wants to start investing, but does not know how to begin. Why cryptocurrency? The volatility makes it more attractive to invest in Cryptocurrencie. Because of the volatility we can invest in short and long term targets. My opinion: do not invest money what u can't loose and make youre own strategy on how much money you can invest. What is TA and prognosis? Technical analysis is an anlysis method whereby we will make an prognose by watching historical price. From this sentence we can conlcude that all our prognoses are related on just one piece of information: the historical price movement. For the technical analyst the price movement is the only objective information what he has. All other informations are subjective and can be interpreted in different ways. Another important word in the previous sentence is prognose . This word prognose is carefully chosen, because making of an prognose is not the same as predicting. Predicting suggest any certainty, but this is not possible. My analysis can be verry good, however it can be wrong because of all kinds of unexpected external/internal factors. The course is never unclear: it rises or goes down . This can not bi disputed. With prognosing we sketch the most likely scenario, with targets and stop loss. Targets are my selling points. I'll not sell all my coins in just 1 target, but spread it in 1/4 part on each target. The stopp-loss is the level where i will get off my coins with loss. When reaching this level, i say that my analyse is wrong and i have to step out with loss timely before i'll have bigger problem (If i do not step out at this level, a will have a bigger loss what means i have to wait to long time to get my money back). When finishin my investing scenario, i'll make an counter scenario with the possible movement if my scenario fails. (This is just an example on how to note targets and stopp-loss on youre charts, not an trade idea. Finding the target areas and stopp-loss are will be studied in another part..) Summary: For the technical analyst the price movement is the only objective information what he has; Making of an prognose is not the same as predicting. Predicting suggest any certainty, but this is not possible; The course is never unclear: it rises or goes down; With prognosing we sketch the most likely scenario, with targets and stop loss In the following parts i'll write about charttechincal and statistically analyse. I'll studie Elliot wave and combine this with indicators to prognose an scenario. If you like to know more about investing with TA please follow me and feel free to place youre comment. One generation passeth away, another generation cometh, but the earth abideth forever. The sun also ariseth, and the sun goeth down, and hasteth to his place where he arose. The wind goeth toward the south, and turneth about unto the north; it whirleth about contunually, and the wind returneth again according to his circuits. All the rivers run into the sea; yet the sea is not full; unto the flow from whence the rivers come, thither they return again... The thing that hat been, it is that which shall be; and that which is done is that which shall done; and there is no new thing under the sun.. Source: Elliot Wave Principle, Key to Market Behavior. The books i mostly use and reccomend are: - Elliot Wave Principle, Charles J. Collins - Investing with technical analysis, H.J. Geels (Dutch)
COINBASE:BTCUSDEducation
by NLTR_crypto
TRX/BTC Elliott Wave ThoughtsStill very new at this and would love any criticism. I did a TRX/ETH Idea before but have switched over to BTC with an adjusted wave count. So we saw our 1st major wave finish on March 29 and confirmation of starting our 3rd wave on April 5. Now wave 3 has the possibilities of going further than I have projected but not likely to be lower. So that's still at least another 50% profit still to be made on wave 3. or 150+% completing wave 5, bringing us almost or to our ATH. This is my thoughts, with so much still to learn. Bardo
Long
by Bardouns
2
Possible Inverted H&S SIACOIN/USDHey there, I did an analysis earlier on siacoin calling a breakout of an inverted head and shoulders pattern.. I now believe i was looking at it the wrong way, i saw the final rise of the head as the breakout of the pattern. Now looking at it, it seems more logical that the right shoulder is just starting to form. For the pattern to be confirmed we need to see a rise in volume during the ascend and breakout of the right shoulder. I'm not a pro, and still learning so feedback is appreciated!
POLONIEX:SCUSD
by Bittimmer
My main strategy is called 'cycle-trading' a unique concept. My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators! The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading! My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility! One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions. - and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly. - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market! - the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions. And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period! Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best! Like my analyses? don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed. Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
SP:SPXEducation
by Rich_Exclusive_Trading