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AudUsd SHORT BreakOut / Last KissRisk Reward 3.21 Coming off a Triple Top (Blue) on higher tf (as seen on 4h), Smaller tf (look 1h) a double top (orange), Daily candle FTR pattern, 4h Inside bar Bull fake out pattern Momentum is down, accelerating faster pushing to break the zone, wait for clean break, retest of resistance which used to be support, candle stick signal like an engulfing for example and shorts away Each top of triple top is moolah type, lower high simultaneously indicating downtrend confirming momentum bias like we get from candle stick analysis another confluence is the large increase of momentum on the 4h bearish engulfing bar
Short
by beank1
Double Top UJ | R/R 4.15 | MASSIVE 40 pip profitsOn significant resistance level - FX:USDJPY 40 pips in 4.5 hours Doji and a following Bearish hanging man - could have entered here, little riskier but better RR Also could have entered after the Bearish engulfing / completion of evening star after market has shown you were momentum is going at either entry point, very little draw down . much easier to trade with less draw down :) M double top (easier to see with the zigzag) NY DROP for 40 pips Risk Reward very nice taking it down to the next major zone No fancy indicators, just price action and market structure
by beank1
Trading Psychology- Master your Mind and Money BY BEN WRIGHTSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Trading Psychology- Master your Mind and Money Are you continually loosing money and not knowing why? For the past decade of trading the financial markets, I believe psychology is so vital to trading success. Below is a small snippet of questions that you need to ask yourself prior to entering the market so that you are in the best condition to compete; 1. Have I slept well? ........................... 2. Do i feel emotionally and physically fit? ................................................... 3. Am i following other people's opinions? ................................................... 4. Am i following my head or my heart? ................................................ 5. Have i received losses lately? Should i be entering the market? If so do i have a drawdown procedure in place? .......................................................................................................................................... 6. Have I had a series of winning trades? If so monitor your behaviour and ensure your ego doesn't cripple your performance ....................................................................................................................................................... 7. And many more............... Let me know if you have any questions or would like to know more :) Happy trading "Rule number 1: never loose money. Rule 2: Never forget rule number 1." Warren Buffet
Education
by SMPTrader
3
Next Bounce at $137Hello crypto people. As you can see there was a false breakout after all. The problem is that when the first breakout occurred at around $115 LTC, the breakout was not organically. In my opinion a small group of people or institutions just pumped the price with high volume of buy orders. It is dangerous when this events happen in a bear market because since the market leverage is dependent of that small group of people or institutions that pumped the price. If they decide to take profits, the market support is lost and is when false breakouts smash people’s faith and pockets. Let’s get right into it!!! (#1)I previously highlighted a bear flag that formed in the $160 LTC levels which successfully dumped the price to the levels we are now. Now, in the 1H graph there is a formation of a huge bear flag, which contains inside of it the previously bear flag. This is a bearish indication as a whole. (#2) For this graph I decided to use volume indicators, and as you can see, net volume is in the 0 levels, and volume is not increasing, which would make it even harder to break through the high resistance levels around the $160 LTC. (#3) MACD has failed to bullishly cross over, which combined with low volume indicates that a bullish crossover will not succeed at the current levels. (#4) I am using just 1 EMA indicator and is the EMA 50! As you can see, EMA 50 is indicating bearish trend and a bounce down every time we consolidate close to it. This are my 4 indications that we had a false breakout and that we will keep going down since the market lost leverage as a whole. However I still make profits in bearish markets just by buying in the bounces! So here are the Strategic Bounce Sections. Bear Flag Target $137 LTC(Historical support level)
Short
by Cincottitrader
1
Bitcoin - what's next? Pitchfork analysis showing playing fieldWhat’s this? —> “Pitchfork” analysis of the playing field for Bitcoin’s next price levels + explanation of historic movements based on that same fork. We can see that the pitchfork can provide us a bunch of information on the pricing evolution, resistance & support levels and so on. Top that off with a nice Fibonnacci retracement scheme and we can start explaining the movements on the graph. For the interested: some examples are shown in the graph! Have a look and you can see it providing us a lot more information. Mid November, you can even see one candle stick testing both Fibonnacci resistance and support! Examples for the very very interested among you: - The lower pitchfork line shows us a strong line of support in the upward trend channel from Sept – Dec: price even falls through for a second, but the pitchfork does its work and price gets back in. - We see the forks acting as resistance in the first half of the graph, being easily broken by the price movements: Bitcoin bull on a rampage - After the top, we see them taking their support role, protecting Bitcoin from ca crazy crash. The bitcoin Bear is currently playing with the 0.382 support line. Know that the graph typically likes the 50% so if something bearish triggers downward movement, we are highly likely to hit that target. - In the mean time, we see the lower pitchfork working as support, we see that the 50% line was briefly touched upon mid December and we see interesting stuff when we combine the pitchfork with Fibonnacci… A fibonnaccious pitchfork story. What does this mean for our trades: --> We actually have to keep very attentive to whatever happens next, it can play out either way. --> We do see a short term bullish reversal in the penultimate candle stick (the red one, where you can see the smaller part of the candle doing a “low test”, setting the tune for the next (green) upward candle. That one also shows a low test, so we could reasonably expect more upward movement first. --> Apart from that, look at the support lines in the graph, they can help you in determining whether to buy or sell going forward.
BITSTAMP:BTCUSD
by A_Cryptastic_Mind
5
RIPPLE (XRP) / DOLLAR ($) Good buy in! You gotta love the ripple graph! It s just gorgeous! My call is to buy right nou, last days we saw very often fluctuation in XRP / $ also in BTC / XRP. But dont freak out ! Cause Ripple got under control this! And we ll soon see a strong bullish. Too much hype on the first week of the year on altcoins kinda altereted the normal graph of evolution, much money in - much more out ! I can call this coin both SHORT and LONG TERM INVESTMENT! Short term 10-25 % in 1-3 days Long term TO THE MOON
BITSTAMP:XRPUSDShort
by tudor26
4
DGB USD - slow and steady wins the raceThe Chart is logarithmic not linear. Basically a long term investment opportunity. HODL This trade is only valid for the long term investors with strong patience. The bearish trend is almost turning into bullish but a slow burner ;) DGB had a long bearish trend because of so many weak hands and charts doesn't show any day traders swing but recently there's an accumulation of the coin is going for the long term investor or who knows whale or DGB team buying back anything less than 0.08. The day trader will jump once coin reach target of $0.025 and public jump will be seen after the all time high which will boost the price upto 0.20 cents or maybe more if the BTC value of $14,000 above. There's a new era starting for the Crypto with BTC as the market stability digital asset with combination of trading coins and some other Digital asset. Market cap is growing with the 10x logarithmic, which is clear to see a 500+ billion of market cap very soon. Note: Only long term investor with rock solid patience . Trade will open once it reaches all time high of $0.06 cents. Please don't refer to timeline for your target as crypto is volatile market, anything can happen in a minute. In case someone wants to get pumped, read the article just be realistic. steemit.com
BITTREX:DGBUSDLong
by fk91
MY THOUGHT'S ON EURJPYI've been watching this pair for a while now and sat back to really just let this trade come to me. As you can see we've been stuck in this bullish channel since august and are still in it. I'm currently in this trade as we speak, reasons for this our simple. Price action hit support at 132.000 were we got a bullish reversal Doji candle, this indicates change of price action which means bulls are looking to dominant this pair. Another reason I have entered this pair long is that I've drawn out my Fibonacci retracement from the Highest Low (HL) to the Highest High (HH) and price action has bounced off my 61.8% Fib and also off the trendline so this indicates more upside movement. First target is 134.400 I would love for price action to break above it get a retest off resistance which will be support at the time and continue heading up towards 136.600 (A). If at 134.400 price action does bounce off resistance I will be waiting for a break of the trendline, retest of trendline and that's when I wille nter to go short (B)
Long
by EDFX