wait for beark trendline for buy and break pollback to support for sell
This will be my first "public" post reacting to news events beforehand - using a few key indications that make up my assumption. As you see here on this chart, marked by the cyan up arrow, my prediction is LONG for this pair. What did I see to make this choice? Divergence, Support and Resistance, RSI Level, Market Structure and Candlestick Patterns. This is...
EURCAD is getting ready for a very nice retracement! I call this trading the legs, up now down. Put a few stop orders in a catch the fallout...::))
"A choppy market is bad, can't make money in this erratic sideways movements..." I often read these statements, but is it true? Not if you can trade a 800 point range in Bitcoin and make money from the swings intraday. The key to trading with price action in a range is to buy low and sell high. Of course that sounds trivial, but it is not, because the market...
BTC has started two quick down moves in the last two days inside the broader range. Both targets from my posting yesterday have been reached (11200/10800). But where do these moves start and when? And why was the second correction double the size of the first one? The market is fooling people all the time, so just when everybody believes in the strength of the...
We saw nice gains in the last 6 days, but was it easy to think long all the time? BTC has pulled off two times the exact same trick to fool people into thinking bearish! That pattern is "designed" to make it look bearish and get longs out and draw shorts in. Then of course another big uptrend starts, fueled by people who buy in again and stops of shorts being...
BTC has moved sideways now for some time, prices swinging up and down. A lot of choppy behavior with several tricky moves. There are two important "secret" concepts that can help you find entries in nearly every market condition. By having these skills you can often avoid having the market confuse or trap you! Concept A): After the break of a trendline, there...
When BTC broke free above 8000 again a few days ago and continued to storm up, a lot of people might have looked to 9000 and thought it would reach that level in a matter of hours. But not so fast...the market had some tricks up its sleeve to scare you out of your long position or to make you believe we are going back to 6000 again. How to avoid getting tricked...
Do you sometimes get pushed out of a profitable position? Do you see the market coming back to your breakeven stop, only to then continue going in "your" direction? The market is doing this constantly, so be aware of this. I will show you two areas where this has happened yesterday. Traders often do get no "free lunch", which means a riskless profit. After...
Looks like this pair is whitin a triangle and we must have the 5 and 6 leg on it, or can be broken and go to the rejecting zone after Brexit
EU is in a consolidation since August 18 2016 (1.36) having lowest higs and highest lows (lol), that low trend must be broken to reach the expected 1.15, however not soon as there are several bad news in the area
KEEPING THINGS SIMPLE ON THE EURUSD (1 day, log scale) -the April/May negative divergence worked out -price was meeting resistance in June turned down as expected -at the time, RSI was just slightly at overbought levels (I would prefer a larger RSI overbought reading for a start of an uptrend) -we are seeing lower highs and (less pronounced) lower lows -...
Hi Traders, I just closed all my long term longs on $GER30 as I think we are in a great place to reverse or correct for a long time. As we can see on the graphs, waves with equal legs and we just completed 5 waves up. Also, RSI at trend line resistance. If I see anything bearish on 4hr, I might try to short in few days. Thanks! Thiago...