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Weekend Learning: Recognizing the Market CycleOne of the biggest problems that I faced at the beginning of my trading journey was recognizing the market cycle. I have seen people who have spent a lot of time and effort learning candlestick patterns, but know that without understanding the market cycle, even the best patterns will fail. The graph above can help you to first find the market cycle and then look for different patterns to trade. Every chart has only and only 1of this 4 patterns: 1.Breakout 2.Tight Channel 3.Broad Channel 4.Trading Range 1.Breakout: Has no pullbacks or just 1 small pullback. Only buy or sell in direction of breakout. Stop is far so risk is high, trade with smaller position size. Better to get swings but scalp is ok. Don't trade against the breakouts. Example: 2. Tight Channel: It's breakout on higher timeframe. Most pullbacks last 1-3 bars. Stop is wide like breakout. Trade only with trend. Example: 3. Broad Channels: Trade mostly in direction of channel, other side can scalp. Have strong opposite side legs but stays above/below prior low/high. Buy/Sell at 2/3rd of prior leg. Example: 4. Trading Range: Bulls and Bears scalp. Bulls buy low and bears sell high. Example: I am a price action trader and all my knowledge and the mentioned material is from Brooks Trading Course.
Education
by AmirSoraya
2
Potential Right HereHi everyone, In my last post, I talked about the way BTCUSDT will pull back in an aggressive manner, which it did (link down below). Right now, we are resting on previous short-term highs which I explained in my last post too that we might be in a potential buy area. However, looking at how price treats this level, I think we might see some new lows after a short-term pullback to the upside. First, we crossed the 0.618 Fib level, and we almost touched the 0.786 level, which is touched when the trend is weakening. Second, the price is consolidating at this level which usually means a breakout to the downside. The only factor that shows a small short-term upward momentum is the structure of the price where it took the liquidity below the last low formed. In conclusion, I think we might be forming a sort of pattern or consolidation on a higher time frame because, as I said in my last posts, the higher time frame shows some strong bullish factors like the shift in market structure. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Short
by yassin_khanji
2
AUDCAD DESCENDING TRIANGLE BREAKOUTPair: AUDCAD Timeframe: 1H , 4H Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle pattern ————— Key Takeaway: Alot of bullish momentum for AUD as it is altogether, we are at a critical level of reaction at the moment by the top of our descending triangle. We are looking for a close above this level on the 4H chart, a re-test would also give us the perfect confirmation we need to enter long ————— Level needed: need a close by 0.89635 ————— Trade: Long RISK:REWARD 1:9 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long
by TheGoldRoom
Pig Market: Why IDC about the CPI8.5 prior 8.1 expected 8.24 cleveland fed estimate ??? actual Everyone is going crazy about this CPI data like its gonna change anything. We already know inflation has peaked and will start to decline. It's doing that because the economy is slowing. The fed is still hiking and the inflation isn't going to go away fast enough for a soft landing. The markets may adjust to the data tomorrow, but it's not going to change our destiny: a recession by end of year. Find the next peak, sell it, or short it. This moon mission is cancelled and you'll be stranded in space.
AMEX:IWMShort
by coinhoIio
1
Market Structure Identification ✅Hello traders! ✅ MARKET STRUCUTURE . Today we will talk about market structure in the financial markets, market structure is basically the understading where the institutional traders/investors are positioned are they short or long on certain financial asset, it is very important to be positioned your trading opportunities with the trend as the saying says trend is your friend follow the trend when you are taking trades that are alligned with the strucutre you have a better probability of them closing in profit. ✅ Types of Market Structure Bearish Market Structure - institutions are positioned LONG, look only to enter long/buy trades, we are spotingt the bullish market strucutre if price is making higher highs (hh) and higher lows (hl) Bullish Market Structure - institutions are positioned SHORT, look only to enter short/sell trades, we are spoting the bearish market strucutre when price is making lower highs (lh) and lower lows (ll) Range Market Structure - the volumes on short/long trades are equall instiutions dont have a clear direction we are spoting this strucutre if we see price making equal highs and equal lows and is accumulating . I hope I was clear enough so you can understand this very important trading concept, remember its not in the number its in the quality of the trades and to have a better quality try to allign every trading idea with the actual strucutre
Education
by Snick3rSD
Crypto Market Is Recovering; Elliott Wave AnalysisCrypto market is recovering as strong rebound from the lows suggests a temporary support from Elliott wave perspective. Cryptocurrencies are in a recovery mode again following news that SEC Division of Corporation Finance is about to Add Industry Offices Focused on Crypto Assets and Industrial Applications and Services( source ). Looking at the Crypto total market cap chart, we can see sharp and impulsive intraday bounce into first leg (A), which indicates for bigger (A)-(B)-(C) rally, especially if we consider an USD slow down. However, after a five-wave rally within wave (A), we should be aware of some pullback into wave (B) before we will see more upside for wave (C) towards 1.1T resistance area. Due to dominance of BTC in the last couple of days, we will look for some BTCUSD longs with our members if we get slow corrective setback in wave (B). Trade well! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CRYPTOCAP:TOTALLong
by ew-forecast
1
CADJPY POTENTIAL DOWNTRENDPair: CADJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, consolidation ————— Key Takeaway: Looking for breaks of this consolidation period, we have breached this level of support numerous times and we need to see a close below. looking to take profits on trend line suppot ————— Level needed: need a close by 109.375 ————— Trade: Short RISK:REWARD 1:7 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
4
EURNZD BEST TIME TO BUY !Pair: EURNZD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant, ascending triangle ————— Key Takeaway: Seeing a breach of this vitally strong level of resistance, we have also seen a retest of this level indicating price will move upward through it. ————— Level needed: need a close by 1.65295 ————— Trade: Long RISK:REWARD 1:7 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long
by TheGoldRoom