GBPUSD - LONG ENTRY PRICE - 1.39350The impulse to the North continues to develop towards the target in the supply zone 1.40800. The price passes the 1x1 support line.
GBPUSD - LONG
ENTRY PRICE - 1.39350
SL - 1.38700
TP - 1.40800
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
Pointofcontrol
XAUUSD $5,100 BUYING OPPORTUNITY 93% PROBABILITY OF SUCCESS10/18 WEEKLY IS IN THE BZ WITH A CTL BREAK BULLISH, WE ARE IN A RETEST PHASE
ON THE DAILY WITH THE MARKET STILL ABOVE THE WEEKLY TREND LINE I WILL BE
LOOKING TO BUY LOW PRICES IN THE BUY ZONE UP TO THE 2HR (1,942) AND
DAILY D (1,965) EXT RESPECTIVELY
PLAN OF ACTION
LOOK TO BUY CTL BREAK BULLISH WITHIN THE
CHANNEL PLACE STOP BELOW THE "A" OF THE
SWING TP AT THE TOP OF THE CHANNEL IF THE
MARKET REJECTS THE OR TRADE UP THE 2HR
D EXT 1,942 AREA POC IS AT 1,948 GET OUT
BEFORE THAT POINT (RETEST AREA) OF BEARISH
BREAKOUT
PROBABILITY OF SUCCESS 93%
BUY LOW OF CHANNEL
POS 93%
ENTRY: 2 HR CHANNEL BUY
NAS 100 TRADE UPDATE DECISION AREA LOOMING 10/3 NAS 100 REACHED CREATED A NEW DAILY "C"
POSITION AROUND THE 11600 AREA AND THEN
BROKE A TRENDLINE TO THE DOWNSIDE CREATING
A POTENTIAL HEAD AND SHOULDERS PATTERN ABOVE
THE CHANNEL AREA THAT WAS FORMED ON THE 2HR
THE DAILY IS CLOSE TO THE SELL ZONE AND THERE
HAS BEEN A BREAKOUT SO GOING INTO THE NEW
WEEK I WOULD BE LOOK FOR A RETEST THEN A
REJECTION OF THE 11400 AREA TO DROP DOWN TO
THE WEEKLY .382 AREA AS A POSSIBLE LANDING
SPOT.
WEEKLY- UNDECIDED
DAILY- BEARISH
PROBABILITY OF SUCCESS 69%
Eyeing Up MKR/BTCInteresting 17 month long head & shoulders pattern developing on MKR. Target is 2x head to neckline measurement, that would also re-test the horizontal resistance and beginning of neckline from June 2019 high. Price otherwise looking for support from the VPVR Point of Control around 0.047, while RSI has broken back into neutral territory from bearish. CMF has flipped bullish.
USDJPY PENDING SELL TRADING OPPORTUNITY TO 99.20 9/30 THE ONLY PAIR THAT THE USD HAS BEEN STRONG AGAINST THIS WEEK IS THE JPY, THIS COULD BE FOR A COUPLE REASONS 1. THE MARKET IS IN CONSOLIDATION OR 2. THE JPY IS SLIGHTLY STRONGER THAN THE USD AND THIS WEEK THE MARKET IS JUST RETRACING. WITH THAT BEING SAID THERE IS AN TRADING OPPORTUNITY IF YOU GET IT IN AT THE RIGHT PRICE AROUND THE 106.17 AREA WHICH IS A POINT OF CONTROL AREA.
WATCH THE VIDEO FROM MORE INFORMATION IF YOU AGREE OR DISAGREE let's START A CONVERSATION
EURUSD - Respecting Daily POCs & my entry levelsHello Forex Community!
Check out my intraday S/R zones, key levels and entry levels! Also check why I think that we can call EURUSD that is in a short uptrend.
EURUSD still respect daily POCs and create new one higher and higher, thats why EURUSD is in a short term uptrend.
More descriptions about my trading.
I am not patterns trader. My strategy and edge is looking for strong volume zones where Big players were trading. And if a market will come to this zones, I want to trade there again with them. So every day I prepare key levels and key zones and I am waiting when a market will come there.
📲In the chart you can see Long / Short levels into which I enter directly through the limit and then I control them based on the volume . If the market does not respect the level and starts to form a volume in the negative zone, I try to end the position at the breakeven point or stoploss. I set the Profit Target according to RRR or according to key levels and S / R zones. These levels can also be traded from the other side, support becomes resistance and vice versa.
❗️First of all, when I have the level ready, I have to set a Stoploss.
Stoploss is determined by several criteria. First of all, it must not be too far away and also it must not be in an area that serves as a magnet such as POC , Key Levels or a stoploss zone, where the market will run out of liquidity.
Summary:
Stoploss determined by.
✅1. Pivot High / Low
✅2. Logical zone according to VolumeProfile
✅3. Low Volume Node and High Volume Node
✅4. Outside of key levels
🎉 Management Rules:
✅When I see in negative zone 5 minutes whole candles ( for short level "over" the level for long level "below) I move my Take Profit to BreakEven point and I want to exit position on Entry point or my Stoploss.
✅ When 80% of profit is reached I am moving my Stoploss to BE point.
Hope it helps,
Have a nice day!
APHA- Vastly under-valued gemAs usual, Cannabis stock is facing the risk of regulation and black market.
After extensive sell-off starting in March 2019, APHA may have finally found its bottom at 2.
Short-term may be choppy, but I expect the uptrend to continue as long as the demand zone holds. .
EPZM - Young MARKET but strong LONG setup!Hi traders,
today´s market is very interesting for me because, during the analysis, I have found many confirmations for my thoughts.
I am expecting a LONG in the NASDAQ:EPZM market . INSIDERS increased their LONG positions and their behavior is confirmed by Price Action analysis.
What else do we need?
In the video, I focus on:
- Volume profile (Value Area)
- Point of control
- High & Low volume nodes
- Fibo retracement
- Support and Resistance levels
- Candlestick patterns
I hope you will enjoy the analysis.
Good trading.
Jakub,
FINEIGHT
Facebook STRONG SUPPORT level & How to see the structureHello traders,
very strong support level raises our chances for a profitable LONG trade in the FACEBOOK market. NASDAQ:FB
If you connect these points together, you will get the whole picture, what's happening in Facebook:
PINBAR
TRENDLINE
POINT OF CONTROL
ZONE
VALUE AREA
TRADING RANGE
During this rough time it is difficult to follow the trading plan. BUT this ability separates winners and losers . Remember that! :)
Good trading.
FINEIGHT team
Royal Caribbean Elliot Count (Week Mar 30 - Apr 3)Will check to see how it looks coming down for more precision final target and confirm with bullish divergence. Might also take a look at Thomas Demark when it gets there. I can struggle with labeling so if you go to the 1 or 3 minute and see if something should be labeled different let me know so I can take a look/learn/improve.
BTCUSD: Volume Profile Accumulation Zone $5,910 - $8,630
Suggested accumulation zone: $5,910 - $8,630. This is where the bulk of the volumes lies in the past 27 months.
VPVR shows point of control as $6,263 from the rally in September 2017 from mid $3ks until January 2020.
Declining volume implies a breakout in the not so distant future. Above $11,500 there is declining volume.
DYOR.
XEM/BTC - 625 sats Hey everyone! Consolidation leads to?
Here is a great example where the price just seems to be getting that last fuel before moving up.
The RRR (Risk-Reward-Ratio) of this setup is considerably high, so the probability of failure becomes greater. Nevertheless, a worthy look as you can always chose to downsize your risk.
Lastly, not how the POC (Point of Control) is acting very clearly as resistance. Now we just need to break it :)
Take care,
Vlad The Crypto Trader
Bitcoin Bulls Fighting Strong, Building New Support.Good evening traders Bitcoin has had another eventful night. It seemed bleak just for a moment when it briefly appeared bitcoin would not hold support, but a new support POC has formed on the 4 hour at $10,520 since my first post on Bitcoin, linked here . The support seems to be holding for the time being, and it appears that the bulls are holding off the bears well. With just a couple supports away from some more big green candles, and all the "hype" behind bitcoin right now, a big jump would be anything but unexpected. If things do go in the other direction, however, supports mentioned in the first article at $10,400, and then at $10,115 remain as such.
Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for you to use as one of hopefully many tools for making YOUR OWN decisions. I hope you all kill it, but I am not responsible for any financial losses. Thanks for reading!
Bitcoin Bouncing Off Resistance, Key Short Term Levels to Watch!Good Afternoon traders!
Bitcoin is at it again. At time or writing, Bitcoin is trading at $10,682 and it just bounced off of resistance towards support, here are some key levels we may want to keep an eye on.
The daily chart shows Points of Control(POC's) at $10,700 and $10,598, and, the most prominent POC on the daily, $10,400. If we zoom in on the hourly, we can see that since about 8:00am(EST) this morning on 9/3/2019, BTC has been trading between $10,700 and $10,598. We just saw it test $10,700 almost exactly, but it bounced. We are still in this nice and small range, and these levels should be watched carefully if you are in BTC currently. If $10,598 does not hold, then we may see a test of our strongest POC on the daily, $10,400. If $10,400 does not hold, our next resistance POC is at $10,115, which was formerly the strongest POC on the daily until the last day or two (and is definitely the second strongest POC on this chart.) If we can surpass $10,700, however, we will face resistance POC's at $11,382, $11,715, and $11,868.
Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for you to use as one of hopefully many tools for making YOUR OWN decisions. I hope you all kill it, but I am not responsible for any financial losses. Thanks for reading!
USDCAD - Point of control of the Year 2018 We can see strong uptrend on USDCAD i the whole year 2018... For that reason i expect continuation this uptrend in the Year 2019.
After correction to the 50 % fibonacci retracement moved up of the Year 2018, can be possible change trend up on USDCAD right now on price level 1.30262...
50 % moved up is so near to the Point of control of the year 2018.... So there is a lot of confirmation for the trend reversal...
1. ABCD GARTLEY
2. POC OF THE YEAR 2018 ( Volume cluster )
3. STRONG UPTREND in 2018
Happy trading
Dale
EUR / USD - The trend is your friend?Until it ends and like anything in life, you can find yourself lost in the wrong direction. I like to keep my analysis simple as the markets are always changing their dynamics.
We can see the new uptrend started from our long period of lows which could be a substantial factor to start going long in this pair. As of writing, I would be looking to buy within the value area between the monthly VWAP (yellow line) at 1.12623 and the next POC at 1.12356. The value area has been highlighted on the chart, and I would advise you add your own fundamental analysis on top of my technicals.
You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
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LITTLE BIG MOVEMENT LATEST BLOG
let me know your thoughts on this one
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
BTC/USD H4/D1 charts (1/24/2019)Good morning, traders. As you may be aware at this time, the VanEck ETF was pulled so there will be no decision in February. Normally, such news would've seen Bitcoin drop a few hundred dollars at the very least and if we listen to the most emotionally bearish among us we should've seen a drop through the 2018 lows. However, we only saw a drop of $40-$50 as price bounced off the EQ of the pink TR and, as of this morning, price has recouped that loss and moved higher. This doesn't mean it won't still dump, but it's encouraging at the moment. The smaller TFs are starting to show some signs of life, but we absolutely must see follow-through into the higher TF. As I mentioned to our Discord members and on Twitter, yesterday, the lack of a strong negative reaction to this particular news may be a sign that price is ready to mark up. Market participants should pay close attention to this pair's movement over the next few weeks.
After yesterday's news, I told our Discord members that they should be watching the yellow and white resistance/support lines in RSI. A break and close above both colored resistance lines should indicate that price is healthy and strong which would suggest movement up through the overhead supply and an initial target of $3780. Price is currently attempting to move higher than the H4 McGinley Dynamic after testing the descending dashed line as support and RSI has moved above the white resistance. If price happens to fall, I will be looking for the green demand zone around $3390 to provide initial support. As I said in yesterday's update, price still needs to close above the pivot and POC on the H4 and D1 TFs. When it comes to the D1 chart, I'm still watching for price to breach the noted white dotted resistance.
Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life.
Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
The significant Volume on EURGBPThe last week was nice move down on EURGBP. In this strong sell off i want enter to short position that is why i chose zone close 0.8821. There is really nice POC od the day ( Point of control ).
One more thing!! From this zone started perfect move down, so for me it is mean i will be ready for short from this zone...
Lets check my last post...