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Another Exercise/PracticeDoes this make sense? I tried to marry the idea of a cross strategy with the idea of the boxes that I see everyone do. Two yellow lines would be my entry threshold. Solid red line would be my SL. The 3 aqua lines would be my TP1, TP2, TP3. So placing each sell simultaneously as such - TP1 (+1.00) TP2 (+1.00) (TP3) (+.50). TP1 & TP2 are more "plausible" if the down trend continues, so put more in for a greater reward. Once TP1 hits, move SL up to that previous line. Again, does this make sense? I realize they arent large PIPS, I'm still new, I'm just trying to see if I understand what's happening. I'm still in demo mode, so this is all hypothetical. Does anyone see these? Haha. FX:USDJPY
by phcollins
BIGGEST NON CONFIRMATION IN US HISTORY RSI THE CHARTS ON FX ONLY GO BACK SO FAR BUT MY CHARTS GO BACK TO JAN 1902 THIS IS TO SHOW ALL THAT THE PEAK WAS ONE THAT WAS GOING TO HAPPEN NO MATTER WHAT BE IT OIL CRASH OR VIRUS I GAVE ALL THE MAJOR CYCLE PEAK DATES AND PROJECTS BACK IN 2019 .I DID POST AN ALT IDEA BUT WE FAILED TO BREAK MY 3410 3392 . IN SP OR THE NYSE 14200 PEAK 14183 . ALL MY WORK OVER THE LAST 44 YEARS WAS BASED ON FIB AND GOLD RATIO TIME AND PRICE AND SPIRALS IN TIME . When I hired to be a Technical analyst in 1991 I was retiring from the FDNY . IN 1992 I started a hotline called Wavetimer In 1992 I was short term timer of the year . I then was asked to close my hotline to work for a private firm . Who was one of the three floor broker working for the Hunt brothers . and Saudi . In 1993 I walked away from them to have a simple life and family. advice from my uncle CIA Regional ass/director in Vietnam 1966/1972 I only post my work as to past on the knowledge. to help families to help give their kids a better life.. I must warn you all that there is a very Dark group behind a great deal That is why I left . We are at the crossroads in this world . And all things are not what you think . 9/11 .I was there . best of life to all . for the gift is within all of us and that is LIGHT
AMEX:DIALong
by wavetimer
3
How I see the future of BitcoinThe last days have shown Bitcoin is still in the same bear market it has been in since the all time high. Every pump in between is just a correction (see: Elliott Corrective Waves) and has nothing to do with the start of a new bull market. A new bull market will start when most people have forgotten about cryptos and want nothing to do with them. That's what a bottom is - a period in time where there is close to no interest in the given asset class (see: BTC 2015 - 2016). I see the start of the new bottom at around 2021 - the start of a new bullrun in around 2023. Many people (mostly those who are emotionally bonded to BTC or want to get rich asap) see this theory as impossible or call it the death of Bitcoin - just like the last time Bitcoin went through a bubble in 2014 and did almost a 90% retrace. To me this is a normal thing to happen in cryptos so I would not worry, quite the contrary. The faster we reach the bottom the faster it will recover. Good luck to everyone involved!
BITSTAMP:BTCUSDShort
by chrzky
9
New York Watchlist: Finally! Great signs of a weak USD!Ok so the New York session is in full force and based on what we see on the DXY its really time to short the US Dollar! We found this nice setup on EURUSD long... and plenty of the charts agree with the 1H giving us a gorgeous pin bar, aside from that we have a major contraction on the 4H chart indicating a reversal is near. The DXY is showing excellent selling opportunities vs the USD and we decided to go long again on EURUSD!
Long
by PrimedGroup
GbpUsd - BREXITOn Friday I analyzed GBPUSD for a short opportunity, I was wrong. After the currency pair was broken down, I identified a strong sell opportunity as displayed with my technical chart work. The GBPUSD currency pair was in a 4hr range for the past few weeks and is now showing signs of a breakout emerging. In my opinion that breakout was to be to the downside seeking to 1.295 region or below. Now I have adjusted my analysis and I will be taking along position due to the approval and confirmation of BREXIT
Long
by UrbanGeniusOfficial
Atom Still Making Higher Lows Within Ascending Channel Have had my eye on Atom for quite some time now. There may be an exciting opportunity here as this is a "new coin" that has not seen the pump of a bull market. Fairly low total supply about 3x of Ethereum. I was lucky enough to get a very small bag of $7 ETH by total chance so Im fully aware of what is possible. Interoperability will be a major need in the world of many cryptos. I believe few cryptos will stand at the end of the blockchain bubble but that is a long ways off. .com bubble was mainly US investors and it peaked around 6 trillion. Crypto is global.... Time will tell. Wish everyone the absolute best. Cheers
KRAKEN:ATOMUSD
by MitchMilli
Bullish confirmation came in.Remember what happened earlier... 1. We have been continuously defending 7200 pivot, and all the shorters in the world couldn't bring us down to 7100! 2. All previous bearish moves, all consisted out of typical correction forms which proves that bears finally lost their power. Bitcoin is now considered cheap if it is sold at 7200. 3. We have been experiencing a prolonged flat around pivot 7300. This flat accumulated a lot of orders, both sell and buy. Nevertheless we rocketed up to 7550 and even then! We didn't fall (as we certainly would if the bears were strong). 4. Now we can observe a little slide back down to 7350, defending the 7400 pivot. If this flat will continuously bounce around 7400 pivot(7387-7425 levels), then It becomes clear, that big players are no longer shortening! A few hours 'till the asians wake up at 00:00 UTC and we will definitely see a lot of volume kicking in. There may be a pump up to 7600-8100 or a bottom retesting at 6900. In any case here it comes!
COINBASE:BTCUSD
by orbborisson