LUNAUSDT WITH THE POSSIBILITY OF A BEAUTIFUL SHORTTechnical analysis regarding the price of TERRA in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
OCO
BTC shoulder head shoulder 12HMonday in a very agitated way, we recommend careful investment at this time.
Bitcoin may have finished its shoulder head shoulder formation with a target projection between 42k, it all depends on holding 46.5k. The LSR is high "2,56",
all indicated for a major.
Buying point that we're going to be interested in is between 44k to 42k with fractional orders,
To invalidate the shoulder head shoulder we need to stay above 48.6k and maintain it.
** What is a OCO (shoulder head shoulder)? **
The market forms a first top and returns the base line which will be called the neck line.
From that point onwards, a rally occurs surpassing the previous top and forming the head, until that moment the market
he the continuation of the rise. Prices, from the head, return once more to the neck line and go back up again,
giving rise to the second shoulder with a size very similar to the first. The OCO is formed.
TYPES OF TRADING ORDERS AND HOW TO USE THEMPending orders
Somewhere you can find the term as "Deferred orders".
These are orders that will be filled in the future, once a certain condition is met.
Most often this condition is reaching a certain market price.
The most popular pending orders are Stop and Limit!
Both types of orders become market orders when the initially set price is reached.
The difference between them is that Stop Orders can be activated at a worse price than the set price, depending on market conditions.
Limit orders cannot be activated at a price lower than the set price, the price must be either equal to the set price or even more advantageous.
Depending on the purposes of the trade, different deferred orders are used.
A breakout of a level is traded with a Stop order
A pullback from a level is traded with Limit order.
The types of Pending Orders are:
Buy Limit;
Sell Limit;
Buy Stop;
Sell Stop;
OTO;
OCO;
and other.
Market order
This is an order where you enter a trade, regardless of buy or sell, which is executed at the current best price.
For example, if you want to buy GBP/USD, you click directly on the corresponding button and the trading platform automatically places the deal on the market.
When you click on the "Sell" or "Buy" button, you actually place a market order.
Keep in mind that depending on market conditions, there may be some difference between the price you see and the price at which the order will be executed.
Stop Forex orders - Buy Stop and Sell Stop
The Stop orders to enter a deal are different from the Stop Loss order to limit the loss!
Buy Stop order is used when you want to buy at a level higher than the current market price.
It is placed higher than the level at which the price is currently.
Sell Stop order is used when you want to sell at a level lower than the current market price.
It is set lower than the current price level.
For example, EUR/USD is currently trading at a price of 1.1860, you think that if it reaches a price of 1.1960 it will continue to move in an uptrend.
In this situation you have two options:
To sit in front of the screen waiting for price to reach 1,1960 so you can buy, or;
To place a Buy Stop order at the 1,1960 level.
However, if you think that the price will fall in the coming periods, instead of staying at the computer and wait for a convenient time to sell, you can place a Sell Stop order at a level lower than the current market price - on the chart 1.1760.
Limit Forex orders / Buy limit and Sell Limit
Buy Limit order is used when you want to buy at a level lower than the current market price.
It is set lower than the current price level.
Sell Limit order is used when you want to sell at a level higher than the current market price.
It is placed higher than the level at which the price is currently.
For example, EUR/USD is currently trading at a price of 1.1860, you think that if it reaches a price of 1.1960 it will bounce off the level and go into a downtrend.
In this situation you have two options:
To sit in front of the screen waiting for price to reach 1,1960 so you can sell, or;
To place a Sell Limit order at the 1,1960 level.
However, if you think that the price will fall in the following periods and then rise, instead of you sitting at the computer and wait for a convenient time to buy, you can place an order to buy a limit below the current market price - on chart 1,1760.
Above is a summary chart of the orders and where they are placed.
Let’s summarise:
Buy Limit - pending buy order placed at a price lower than the current one;
Buy Stop - pending buy order placed at a price higher than the current one;
Sell Limit - pending sell order placed at a price higher than the current one;
Sell Stop - pending sale order placed at a price higher than the current one;
OCO orders / One Cancels The Other
The OCO order is a combination of two orders to enter into a trade.
One order is placed above the current market price and the other below the current market price.
When one of the orders is reached, it is executed and the other one is automatically deleted from the trading platform.
For example, EUR/USD is currently trading at 1.1850.
You expect great volatility in the market and you do not want to miss the movement.
In this case you place an OCO Forex order at the level of 1.1880 (above the market price) in anticipation of an upside move and at the level of 1.1820 (below the market price) in case the price goes down.
When the market reaches 1.1880, you will buy EUR/USD at this level, and the order placed at 1.1820 will be deleted from the trading platform.
OTO orders / One Triggers The Other
OTO allows the trader to place two orders simultaneously, the second one being activated after the first one.
This type of order allows many different combinations.
For example, a buy order can be placed at a pre-set price, above the current one (Buy Stop) and a second order can be placed together with it to limit the loss from the buy order, in case the price goes in the opposite direction.
In this case, the loss limit order will only be activated if the buy order is activated.
The orders described so far are for entering into a trade, but you must also exit the trades.
This is done by using “Stop Loss” and “Take Profit”.
Trailing stop
Trailing stop is an order to limit the loss, which moves along with the market price.
It can be said that this is a moving Stop Loss.
And here is how to do it!
Suppose you want to buy GBP/USD at a price of 1.2820.
You place a trailing stop at a distance of 20 pips at a price of 1.2800.
When the price goes in your direction and reaches the level of 1.2840, then the trailing stop will move by 20 pips or at the level of the entrance to the transaction.
Then if the price reaches the level of 1.2860, then the trailing stop will move to the level of 1.2840.
Keep in mind that if the price returns from 1.2860 to 1.2850, the trailing stop will NOT go down to 1.2830, but it will remain at 1.2840.
If it was to move down back with the price, it makes no sense, because it will never be reached and will not be able to limit the loss of the deal.
And then you will find out first hand what Margin Call and Stop Out is!
Another important feature to keep in mind is that the trailing stop is only active if the trading platform is active.
If the platform is closed, then you do not have a Stop Loss order at all!
Conclusion
These are the most frequently used orders on the Forex market and they are totally enough, there is no need to complicate trading.
Before you start trading live, get familiar with the conditions of the broker regarding the orders.
Make sure that you understand them and that you can use them correctly.
The best teacher remains the practice, therefore, open a demo account and test the capabilities of the platform.
👍 Please support this tutorial with like and comment so we can help more people together.
Thank you in advance! 🙏
Graphic formation of Shoulder-Head-Shoulder in BITCOIN 4H????• In my view, the price of Bitcoin is forming an O-C-O chart pattern, where we see the right shoulder with considerable volume inflow, and then the head and now it is forming the left shoulder (watch the increase in financial volume coming in)
• The price has already broken through the EMA of 34 and the 89 held the price. If the price continues to rise and break through the channel's neutral zone, we can disregard the formation of this graphic pattern. Otherwise, we will have the formation of the second shoulder to confirm the same, causing the price to correct further.
*** MY VISION *** the price will still continue with its macro bullish trend and break through the 40K region in search of the 50K, as projected in another analysis I did.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
Yet another triangle OCO tradeIF PRICE REACHES GREEN= BUY
IF PRICE REACHES RED= SELL
Triangle forming in the BTC/USD price, much like the other one the other day (which would've been a very successful trade as predicted)
However this one is spending alot of time in the lower half of the triangle, suggesting it should break out lower. However it could break out either way. I'm guessing it will trigger the red (sell) mark and shoot lower but the good thing about this straddle (oco) order is that you profit off volatility rather than predicting direction- You make money either way.
Descending TrangleHi there,
I'm looking at a nice descending Triangle, the base being a resistance level testes 4 times since last week. The Support level have also been tested 4 times since last week and will therefore be my take/profit in case my buy stop is triggered. Just in case the trend doesn't do what I expected (big announcement coming in for CAD), I also set a Sell Stop below the Pivot Point. Will see how it goes
Global Mitary Events Fuel LMT GrowthUnrelated to any sort of technical analysis but I've noticed that any large-scale global military event seems to be a catalyst for growth in LMT as shown by the markers indicating the dates that the respective events began, which are followed by a long uptrend. Although LMT holds no contracts within Russia, Ukraine or Iraq, these military events create unrest globally and fuel defense spending. Keeping an eye on the news, especially with the recent ending of the Russia/Ukraine cease fire. Long LMT.