How to use Horizontal lines in a right way?Horizontal lines ar crucial to find the best stop levels, but they can give you much more information and also trading opportunities. Try to draw them in a right way and I am sure thay will help you.
Lesson
How to use Trendlines in a right way? Mean principles and examples of using trendlines in a right way.
GBPJPY ShortGBPJPY has been falling and I don't think it can break the many strong resistance lines ahead...… but it will most likely retrace which is where we can start selling.
EURAUD What do u guys think?there was a big move up and i feel it will fall back and consolidate for a while.....but im hoping to buy after that....what do yall think?
INO: lost opportunity, not the first and not the last one.Crazy bull run from INO, which was missed and partially screwed up.. I realized some profit, but well below my target.
Entered the market at 4.28 and jumped out at 5.13, while my target was around 8.45..
I should have followed the initial plan, i should't have jumped out, i could realize more.. now i would do this, i would do that, blablabla...
It's easy to speak and difficult to act.
This is one of the lessons that I got during my trading career and which I want to share: "shoulda, coulda, woulda" obviously doesn't work.
I believe there are still plenty of them waiting out there, so everyday is a lost opportunity, but at the same it's just another one to focus on.
Move on and concentrate on what you have instead of what you don't.
//
I want to thank you guys (and of course my future wife) for all of the support you gave me during this 2 month, it helps me to improve and motivates me to do what i am doing here.
EUR USD long term forecastLongterm analysis on EUR - USD pier - Due to FED desicion yeasterday USD has lost its dominating position against major currencies. from 1.0884 up to 1.2000, but its is just a bigining. Here is weekly chart and you can find 3 most important resistance levels of 2019 traget 1 (1.1243), target 2 (1.14.6) and target 3 (1.1569). If ECB will not change its policy until the and of the year as was planned, USD will cross all this targets during 2020. Now we need to monitor ECB's decision carefully.
USDCHF Follow up of the successful +184 pips sell we took......USD CHF is now at a support zone I can expect a rise ( possibly retracements ) then we will see which direction it takes before placing a trade.
Enjoy your profit ...Close your profit ! US dollar - Russian rouble currency pier just crossed our target - 65.581.
Monetae Education - Lesson 1: CandlesticksWelcome to the first Lesson of our Monetae Education Series. I will provide you with a step-by-step guide on how to read, understand and use different elements in charting - such as Volume, Indicators, Chart Patterns and more.
During the course of this educational series, you will set up your own chart with your own strategy and setup of indicators to proof your trading plan.
Please consider to like this idea and follow me if you appreciate my work.
If there are any questions on what you are seeing on the chart, feel free to post these in the comments section.
I'm also available on Traderlist, Telegram, Twitter and Patreon - all linked in my signature.
cheers,
cryptobuller
Understanding Traditional Pivot Points (Formula Diagram)Learning about market Pivot Points is powerful information as you can see in this 15 min Bitcoin session chart, the Pivot Points and their components (S1,R1,R2,R3, etc) are clearly respected by price action
I did a pretty extensive search for a diagram/drawing to better understand the formula for pivot points and I noticed there really are none...
This snapshot of a chart will help you to better understand how the Pivot Points are established as time goes on in the market...
In the diagram you can clearly see what a session term is, what its high/low and close are...
The formula for establishing the next session's Pivot Pivot is: high of previous session + low of previous session + close/3 = next session's Pivot Point
I will be making other diagram's of other components of a session such as the S1,S2,R1,R2,R3, etc.
If you're interested in learning more about Technical Analysis, subscribe to my youtube channel: "Kick Back Time"
The more subscribers I get there, the more I will be encouraged to produce educational videos
* You can find this indicator on Trading View by doing a search and it should come up right at the top. I like to use the standard/traditional
Parabolic trend continuation confirmed. Target 9,600$ - 10,000$Hey guys,
I hope everyone is having a good weekend, as I shared with you my opinion last week, Bitcoin parabolic trend ket in place and is heading for 9.6K to 10K. I hope you didn't short the market, especially leverage trading, If you did, learn from it and do not to predict the market especially when the market is neutral and trying to make decision. It is so sad to sometimes hear stories about people who trade in these situations especially on large amounts and leverage trading, like a trader in china who recently committed suicide.
SPY huge losses with wrong adjustmentsSo many bad decisions here, how to unpack it.
had the 280 calls that the market absolutely obliterated, was way in the money. instead of doing like I learned and NOT moving the challenged side, I sold MORE calls at 285 which is also went through. I then sold puts at 283 which expired OTM but suffered a major loss. Lesson learned, don't adjust the challenged direction!!
SPY 26 credit , sold for 198 = $172 loss
TRADING SECRETS GA is approaching some key levels really fast with the big bullish run last week this level is 1.88414 and this has not been reached since June 2016 nearly 3 years ago, current price is only 60 pips off this level.
Now there are correlating pairs that we look out for when trading and most of you might not even know that when these pairings move in 1 direction others also move... So we are going to let you into a trading secret ;p
Ok so as GBP gets stronger the UK100 ( British stock market ) gets weaker ( and vice versa ) , This is to do with foreign investors not wanting to import things from the UK into there own country because when GBP has strength these investors have to pay more for the goods and loose out on profits.
UK100 is nearly at a support level so we can see a bounce higher, this would weaken GBP.
Also when GOLD prices are up this pushes the price of AUD up as Australia is the 3rd biggest producer of gold in the world, The more gold it produces the higher the AUD price will go as it exports most its gold therefore investors pay Australia in AUD.
Gold is quickly approaching a key resistance level.. but with loads off bullish power so we are expecting this level to break and gold make a push higher.
So overall Gold strength would lead to AUD strength and UK 100 strength would lead to GBP weakness... So the only way we see for GA is down.
I hope you took all that info in as there is a lot to digest, but I also hope you took something away from this post and learned some key lessons that you will implement in your future trading.
AUDNZD: Emotions In TradingLet me know what you guys think about my german accent - Im working on it. Hope you enjoy the video.
TL BreakoutsHere we have 2 strong trend lines ( TL )
TL1 was touched by price 6 times before it finally broke out, and TL2 was touched 16 times before breaking out.
TL1 when price broke out it had a bullish run for 8 days and in this time it managed to collect 270 pips, going into this breakout there was a slowdown in selling power ( small bodied red candles ) and a lot of buying power ( big green candles ) suggesting that price was getting ready to explode and BOOM we had lift off.
TL2 exactly the same thing happened , price slowed down with small candles forming suggesting price change, then some bullish candles formed just before we had another BOOM... price then went for a day trip to the moon, this time collecting 420 pips over just 7 days. If you held this you could probably have afforded your own trip too the moon ;p
That would have been a lovely month trading for you just before Christmas making over 700 pips just on 2 trades! That's a hell load of mince pies.
So if you still don't believe how easy TLs are to trade and how affective they are you must be drinking too much tap water that the government are blindly feeding you fluoride in to numb your brains and keep you in line ;p
When a TL is broken by price DONT remove them off your chart thinking they are no good anymore... because sometimes price comes back down and tests them as support, but that is another lesson for another day... Don't want to overload your brain now do we? haha.
Old Friends Meet AgainHere we have 3 different timeframes open ( 1D, 1W and 1M ) On the same pairing EUR USD, each chart has the same trend line ( TL ) and same support level marked on them, You can see how important it is to put these level on your chart and keep them there because if you look at the 1W chart you can see that price respected our support line in 2003 then fast-forward a few years price came back down and used this same level as really strong support in 2015, 2016 + 2017.
Also you can see our blue TL on the 1W chart, Price respected this in 2008, 2009, 2011, 2013, 2014 and 2018.... Come on tell me I'm talking s#it.
So go away and locate these important levels and TLs and I promise you will make money.
Importance of key SUPORT and RESISTANCE levelsAs you can see from the chart we have used purple lines to show key support and resistance levels ( levels where price has bounced off in either direction ) Even after the market crash of 2008 the price eventually found key support and resistance levels that had been used years before.
The price respects these levels as thousands of traders will also be watching these levels and therefore they will also set orders for these levels hence why the price keeps respecting and bouncing off these levels.
We believe in keeping trading as simple as you can to save confusion and key support and resistance levels are a key factor in our swing trading style.
If you would like more lessons like this or would like to receive our signals then message us as we offer a 2 weeks FREE trial to our VIP group.
The pattern was crossed The pattern triangle which I announced yesterday was crossed. We have strong by signal on EUR USD trading instrument. We can buy ! BUT, be careful and read more news, this week fundamental analysis is very crucial, on Friday we have Non-Farm Employment change and before that news we may have a divergence and fake technical signals.
Here you can fined more information about Non-farm Employment Change
www.forexfactory.com
www.investopedia.com
Nonfarm Payroll
What is 'Nonfarm Payroll'
Nonfarm payroll is a term used in the U.S. to refer to any job with the exception of farm work, unincorporated self-employment and employment by private households, nonprofit organizations and the military and intelligence agencies. Proprietors are also excluded. The U.S. Bureau of Labor Statistics releases closely followed monthly data on nonfarm payrolls as part of its Employment Situation Report. The headline figure—the change in the total number of nonfarm payrolls compared to the previous month—is used as a gauge of economic health.
In January 2018, preliminary data for the prior month of December 2017 showed that nonfarm payrolls rose by 148,000, on a seasonally adjusted basis, to 148.3 million. The change marked 87 straight months of job growth since October 2010. Nonfarm payrolls rose by 252,000 in November 2017 (also preliminary) and 155,000 in December 2016.
AUDNZD: Trade Update / Risk LessonWhats up guys?
This idea is correlated to the one linked below. The difference between those two is the two yellow boxes. In the first i counted the first level as yellow box wrong and so the trade made another move down. I just wanted to give my follow traders a quick update about how the idea now looks with the correct two yellow consolidation boxes. We do not expect price to rise before another move to the downside. And yes we are still in the trade, which is linked below. Remember using always something between 1-2 percent risk keeps you long term in the game and also protects you from these mistakes. I am only 0.5 percent in drawdown from this trade!
NVDA bargain entry at $120 in a week?NVDA showing sellers not happy with earnings growth announcement for GPU, however relates to trade war and slump in electronics.
This could be great bargain watch as GPU need for AI, self-driving cars, and many other high growth tech area's. Watch or short.
Sell or Hold, what's your thoughts? $138 sell for lower entry on DPO day chart. await LONG opportunity, market giving many lessons.
Trading View Setup VideoHope y'all enjoy this video of me trying to teach you how to utilize the tools available to you on TView. There's a ton more so ask questions if you have any.
