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Lowerlow

EURUSD UPDATE SHORTWe are having right now the possible last higher low of the market structure before touch the trend line and support that can maybe make the price go up again. Till touch the trend line we are only bearish, we are still at the head and shoulders pattern movement. There is also a tip for how to connect a trend line that maybe can help who try to connect the trend line to the last lower low price already :D We must connect the weak points not the body. Hope that can help! Like if you agree!
Short
by luisousa10
USDNOK a continuation of the bearish trend? 🦐After the long downtrend the market retrace till the 0.382 fib level and now it create a lower high lower low. IF the price will manage to break the structure we can set a nice sell order with the target at the yellow trend line which support the upper trend line on the 1d chart. ––––– Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
Bitcoin: Almost Time To Buy More For The Portfolio?#Bitcoin. Is it going to 0 like all the overly reactive bears are suggesting? As ugly as the current chart looks, as long as it continues to serve its practical purpose as a money transmission mechanism, it is more likely to find stability sooner. Opinions aside, as a trader and investor, I am only interested in ONE thing, and that is ORDER FLOW. As I mention to our followers regularly, people VOTE with their money. And there are many large players out there who have much higher quality information than me. Instead of having to chase news, and drama and go nuts trying to make sense of all the noise, all I have to do is identify the foot prints of the smart money. And this can be done with order flow. In this video, I am pointing out the adjusted inflection points where I anticipate changes in order flow. Charts do NOT help us predict anything, but they do provide a point of reference to measure PROBABILITIES from. These are the following points that I cover in the video. 1. Price has taken out 2 major support zones in one day. A move from 8k to 3K in such a short period of time is extremely RARE. This move certainly requires an adjusted short term outlook, but the long term fundamentals are still intact. This means while structure is now bearish, we will be more conservative when evaluating swing trade setups and more open to position trades (inventory accumulation). 2. 5464 is the lower boundary of the broad support zone where bullish reversal activity is most likely to occur. While price touched the 3Ks, is swiftly returned to this area. Along with that, it established a very large bullish candle. This is usually a sign of being over sold, at least temporarily. In order for us to consider swing trades, this market needs to develop structure and that can take days/weeks. Buying too early on an opinion or hunch will only provide rewards randomly. 3. With such a magnitude of bearish momentum, it is possible to retrace back into the 4Ks or lower in order to establish a double bottom or higher low. In order for us to justify swing trades within our usual risk parameters (2 to 3%), Bitcoin needs to close above 6425. Until such stability presents itself, if we see any bullish reversal patterns we can only justify risking 1%. For our portfolio strategy, (SEPARATE from our swing trades), we purchased some in the 8Ks, and looking to purchase more as price builds out a new support range. Inventory management is about strategic position sizing and waiting for opportunities like this to establish a better average price. The goal is to partial out when price tests proportional resistance levels (mid 8ks to 9k at this point). In these highly unusual situations, the worst thing you can do is develop a false sense of confidence that comes with receiving a random reward from the market (or follow someone who has). Consistent performance comes from repetition of effective behaviors, not lottery tickets. You will come across many self proclaimed experts who are showcasing how "right" they were this one time, but who will most likely not share any legitimate public record of their performance (1 year at minimum). Random rewards often reinforce bad habits, such as selling near lows or buying near highs. It is human nature to cling to the obvious, because we thrive on organization, order and logic. Price movements are not motivated by logic, they are motivated by fear which means logic won't help you in this environment for any market, not just Bitcoin. As a retail trader without access to non public information, I must rely on two things: 1) extracting the most actionable information from all the noise, 2) adhering to my rules which govern my capacity for risk. That's the best I can do to compete in such a random environment. The charts offer clues to help isolate opportunities (order flow) and my rules protect me when I'm wrong. I realize it is unsexy and unpopular, but if you are not an insider, then this is the pill of reality that you must swallow in order to achieve any kind of consistency in this game of crowd psychology.
BITSTAMP:BTCUSD
by MarcPMarkets
71
LTCUSD 1D BEST MOMENTUM WILLIAMS %R SHORT TRADE STRATEGYThe Best Momentum Trading Strategy using the Best Forex Momentum Indicator Our team at Trading Strategy Guides believes that smart trading is the way to build the best momentum trading strategy. In this regard, we don’t want to predict when the momentum will happen, but we let the market tips his hands and then react. One principle of the momentum indicator strategy is, “buy high to go higher” and “sell low to go lower.” In other words, we trade in the direction of the trend while having the momentum on our side. Step #1: Define the Trend. A Downtrend is defined by a Series of LH Followed by a Series of LL. The definition of a downtrend is pretty much standard. In a downtrend, we look for a series of lower highs followed by a series of lower lows. Two LH followed by at least another two LL is enough to define a downtrend. A lower high is simply a swing low point that is lower than the previous swing low. While a lower low is simply a swing low that is lower than the previous swing low. All momentum traders know that the trend is our friend. But without momentum behind the trend, we might actually not have any trend. For active traders, we also look at the actual price action in order to gauge momentum. Besides reading the best forex momentum indicator. Step #2: In a Downtrend - Look for Bold Candlesticks that Close Near the Lower End of the Candlestick. A technical analysis concept is that you want to use multiple confirmation signs when buying and selling. This will increase the likelihood that’s a high probability trading setup. In this regard, the momentum trading strategy besides using the best Forex momentum indicator also incorporates the price action. A practical way to read momentum from a price chart is to simply look at the candlestick length. What we want to see in a downtrend are big, bold bearish candlesticks that close near the lower end of the candlestick. The upside price movement is preceded by big bearish candlesticks. This confirms the momentum behind the trend. Step #3: Wait for the best Forex Momentum Indicator to get overbought (below -20). Then rallies below the -50 level before Selling. We’re going to use Williams %R, the best forex momentum indicator in a smart way. In a downtrend, we sell after the best forex momentum indicator has reached overbought conditions (below -20). And then rallied back below the -50 level. Now, we have confirmation from both the price and the best forex momentum indicator. The real momentum is behind this trend and the probabilities are in favor of more downside prices from here on. Note* If the best forex momentum indicator continually stays in overbought territory (above -20 level), it signals a strong momentum and conversely a strong trend. Inversely the same is true in a downtrend. Step #4: Place Your Protective Stop Loss above the Recent Lower High. We want to hide our protective stop loss. It is above the most recent lower high level that formed right before the best momentum trading strategy issue the sell signal. Alternatively, you can also trail your stop loss above each most recent lower high. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal. Last but not least the momentum indicator strategy also needs a place where we need to take profits, which brings us to the last step of the best momentum trading strategy. Step #5: You find your own Take Profit or Take Profit once we break below the Previous Lower High. A trend in motion can stay in that state longer than anyone can anticipate. And since we want to maximize our potential profits we let the market tip its hands before liquidating our trades. In this regard, we look for a break in the trend structure. Respectively a break above the most recent lower high. Alternatively, you can take profit once the best forex momentum indicator breaks above the -50 level. Note** The above was an example of a SELL trade using the Best Momentum Trading Strategy. Use the same rules for a BUY trade.
COINBASE:LTCUSDShort
by Tradingstrategyguides
1
Bullish consolidation pattern - needs confirmation!Apart from all the FUD these days in the crypto space on the daily timeframe the forming chart pattern could be identified as a broadening wedge pattern which is more likely to be resolved to the upside in this case. This demands of course that the current low is the final low in this pattern and therefor the 200 day SMA holds the price action (currently it looks like it does). So in the next days/week we could see a rebound at least to the upper line marking this broadening wedge. If the touch of the upper line of this wedge is happening BUT the BTC price doesn't manage to break out of this pattern we are more likely to make a next lower low before breaking out of this chart pattern.
BITSTAMP:BTCUSD
by p4917
1
CGC Probable Higher Low| Structural Resistance to Break!Evening Traders, Today’s update will be on CGC, clear levels to watch to dictate the trend in coming weeks/months Points to consider, - Trend respecting .618 Fibonacci - Structural resistance to break - MA’s holding as support - RSI respecting support - Stochastics neutral - Volume below average CGC has respected its Fibonacci level, .618, signalling buy pressure coming in from structural resistance. A level yet to break will negate the bearish trend in CGC if a break and close above structural resistance comes to fruition. The Moving Averages is holding true as support, must remain when structural resistance is broken. The RSI is respecting its support signalling that the relative strength at current time is neutral; this is same with the stochastics. Volume is clearly below average, must increase if market structure is to be negated Overall, in my opinion, CGC has a clear resistance to break which will negate the bearish trend by putting in a higher high. Till then the macro bear trend is still intact What are your thoughts? Please leave a like and comment, And remember, “When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.” ― Yvan Byeajee
C
by AzizKhanZamani
7
XRPUSD 1H BEST %R MOMENTUM STRATEGYStep #1: Define the Trend. An Downtrend is defined by a Series of LH Followed by a Series of LL. The definition of an downtrend is pretty much standard. In an downtrend, we look for a series of lower highs followed by a series of lower lows. Two LH followed by at least another two LL is enough to define an downtrend. A lower high is simply a swing low point that is lower than the previous swing high. While a lower low is simply a swing low that is lower than the previous swing low. All momentum traders know that the trend is our friend. But without momentum behind the trend, we might actually not have any trend. For active traders, we also look at the actual price action in order to gauge momentum. Besides reading the best momentum indicator. Step #2: In an Downtrend Look for Bold Candlesticks that Close Near the Lower End of the Candlestick . A technical analysis concept is that you want to use multiple confirmation signs when buying and selling. This will increase the likelihood that’s a high probability trading setup. In this regard, the momentum trading strategy besides using the best momentum indicator, also incorporates the price action. A practical way to read momentum from a price chart is to simply look at the candlestick length. What we want to see in an downtrend is big, bold bearish candlesticks that close near the lower end of the candlestick. Now, it’s time to focus on the Williams %R. This is the best momentum indicator. Which brings us to the next step of our momentum indicator strategy. Step #3: Wait for the best Momentum Indicator to get overbought (above -20). Then rallies below the -50 level before Selling . We’re going to use Williams %R, the best momentum indicator in a smart way. In an downtrend, we sell after the best momentum indicator has reached overbought conditions (above -20). And then rallied back below the -50 level. Now, we have confirmation from both the price and the best momentum indicator. The real momentum is behind this trend and the probabilities are in favor of more downside prices from here on. Note* If the best momentum indicator continually stays in oversold territory (below -80 level), it signals a strong momentum and conversely a strong trend. Inversely the same is true in a uptrend. The next important thing we need to establish is where to place our protective stop loss. Step #4: Place Your Protective Stop Loss above the Recent Lower Low. We want to hide our protective stop loss. It is above the most recent lower low level that formed right before the best momentum trading strategy issue the sell signal. Alternatively, you can also trail your stop loss above each most recent lower low. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal. Last but not least the momentum indicator strategy also needs a place where we need to take profits, which brings us to the last step of the best momentum trading strategy. Step #5: You pick your own TP strategy or Take Profit once we break above the Previous Lower Low A trend in motion can stay in that state longer than anyone can anticipate. And since we want to maximize our potential profits we let the market tips it hands before liquidating our trades. In this regard, we look for a break in the trend structure. Respectively a break above the most recent lower low. Alternatively, you can take profit once the best momentum indicator breaks above the -50 level. Note** The above was an example of a SELL trade using the Best Momentum Trading Strategy. Use the same rules for a BUY trade.
COINBASE:XRPUSDEducation
by Tradingstrategyguides
DXY potential big drop pending?After forming a large bearish engulfing on the October monthly close, and price breaking a daily ascending TL and creating a new lower low. I am expecting price to come back for a retest of the TL / one of my areas of interest before potentially another large drop. One thing which goes against this however is price is still forming mini HHs and HLs above my EMAs on monthly. If this drop occurs we could see some nice buy set ups on XXXUSD pairs.
TVC:DXYShort
by andrewlickley