Position
matic make a bull flag pattern and it loks like it will move upmatic will move after makeing bull flag pattern and on 4EMA indicator to take a long position
Short position for SOLUSDT- The main bearish trend is still going on
- Momentum is still bearish
- Short term trend line has just been broken
Entry Point: $33 to $34
Stop Loss: $36
First Target: $28
DO YOUR OWN ANALYSIS.
DO NOT FORGET MONEY MANAGEMENT.
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SBIC - Resisting 800 levelsSbi card is moving with lower highs and lower lows formation since August 2021.
The stock has broken its important support levels around 800 and is resisting it for the past two weeks.
This week it opened with the gap on the downside and saw follow-up weakness.
Going ahead, the 770- 800 zone would act as a strong resistance for the stock and we could also see it moving towards 600 levels in the coming months, considering its weak price structure.
$AAPL for a Swing Put/ShortOn Friday, we saw $AAPL, $AMD, among other tickers like $MSFT, $NVDA, and $TSLA weigh down on the S&P 500. All of these tickers currently weigh on the bearish side and have affected the S&P 500 and NASDAQ.
$AAPL has been retesting the blue S/R level at ~$150 and failing to move above it. Definitely a VERY bearish setup, however, anything can happen and there is potential for it to rip above again via an inverse H&S. Until then, I'm leaning bearish on AAPL and the high probability that the entire market will drag lower too. Keep in mind that we have bearish conviction in the form of OTM flow orders hitting the tape for next month on $SPY.
BEFORE, ON TIME and AFTERHello everyone
Today we will try to figure out what kind of thinking is correct during the opening, holding and closing of a deal.
Any trader faces these three stages, but not everyone knows how to behave correctly and therefore mistakes are made.
Go!
Before opening a deal...
Every time you find an entry point that matches the rules of your trading strategy, you should think about the following important points:
• Determine the level to set the stop loss.
It is not necessary to set a smaller stop loss due to greed. You should have a stop loss strategy that will be based on the highs or lows of the price, at the levels, because these values are really important and it will be much more difficult for the price to pass the level - this will protect your position and your stop loss from premature closure.
• You must be able to accept losses.
Before each trade, you should remind yourself that a trade can be unprofitable, since there is nothing 100% in the market. Remember this every day. Remember that setups don't always work, and then you won't lose more by rearranging the stop loss or not putting it at all in the hope that the setup will definitely work.
• It takes time.
The deal does not reach the goal in a minute. The market will move in different directions, and you should be able not to react to every movement and give the deal time. Many people forget about it, but due to the constant monitoring of the market and reactions to every movement, traders make mistakes, lose money. You need to be able to wait, understand this. Let the deal work and don't interfere.
The position is open!
The most interesting thing starts right here!
And it is here that a huge number of unnecessary mistakes are made.
• The market must prove you wrong.
After opening a position, the set stop loss will be the level at which it will be clear that you were wrong. You should leave the open position alone and let the price prove you right or give you an erroneous opinion. Touching the take profit price will mean that you were right, there is no stop loss.
• Constant monitoring of the situation.
If you are still following every movement, most likely you will react to false price fluctuations and sooner or later you will close the position. You may just get tired of watching the price move and eventually make a mistake.
You can check your deal once or twice a day, but no more.
You must act according to your strategy, which gave the signal to open a position. Let the strategy work and don't interfere.
Closing a position
It does not matter whether the deal was profitable or not, it is important to rest after it, stop, put your thoughts in order.
It is difficult, after closing a position, to return to the market for a new setup, especially if the transaction was profitable. After all, they lead to excessive self-confidence, which leads you to open bad deals in large numbers.
After a losing trade, you always want to quickly return to the market to recoup. This is a big mistake. Opening deals that are based on the desire to win back what is lost is an abyss into the abyss. Emotionally, you run to open a deal, open on bad signals and lose even more, and so again and again. You have to understand that losing money in the market is normal, you don't have to run to win them back. Learn to accept losses.
The only thing you should do after closing any position is to be disciplined and stick to the trading strategy. The easiest way is to just leave the market and get away from the chart for a while.
It is very important to remember that you need to be able to save money. If you have earned something, withdraw some part at the end of the month, let it be your reward, which will give you self-confidence and you will become a calmer trader in the long run.
Good luck!
BTC + SPX Trade IdeaThis is a medium term swing/position trade that has a pretty good chance to play out. Check out this fib idea below which underscores the idea. Obviously, don't panic buy unless you like riskier trades. Ease into your entry! June thru October looks like a decent entry if nothing too crazy happens, but a surprise via some global disaster could RUIN this trade. Sellers are willing to accept lower prices for this past year, that's basically what the log returns is telling us as it's below 0. In other words, risk has not paid off in a while on this scale. Risk-averse HAS paid off. This is a contrarian trade. The crowd is now ultra bearish and this presents an opportunity of price discovery. Wait for them to come to you, don't panic and go to them.
The wholesale price range is defined by the region of prices where most trades were made AND the result of those trades is highly random. The bottom and tops of this wholesale zone represent the golden ratio 0.618. Remember, the absolute value of the inverse of 0.618 is 0.382. Both of these fib levels are identical, one level represents sells and the other represents buys. In other words, we don't define where 0 or 1 is. We draw the golden ratio area of the fib box around the wholesale range, then we get the definition of 0 and 1.
Be aware though, that if you do this same analysis but with Log Returns on a 2 Year timeframe instead of 1 Year, we could still be in a distribution zone. Don't put all your apples in this basket. Be diligent about your position:
This gives us quite a startling conclusion. The rally of Dec 2018 was simply a bear market rally on a 2 Year scale. We could be in the very SAME situation now. Lower highs on the indicator, then lower lows. So even though it LOOKS like a decent buy on the 1 Year timeframe, we should NOT assume it's going to the moon if the price reaches our target (red crosshair) unless there is some drastic shift in monetary/fiscal policy which would cause a new cycle to suddenly appear.
What do you think about all this craziness?
I hope you liked the idea, and good luck. Don't forget to hedge your bets! :)
Pilot Position to Stay EngagedBought a Quarter Defensive Position (4K, .77% of portfolio) @496.38, Stop @478.14 (-3.67% 150 USDs Risk) just to have a tiny position to stay engaged and on synch with the market. Market making lower lows and this stock is holding.
Still 99%+ in cash.
EUR JPY TECHHello Everybody. Hello TradingView.
This is Technical Analysis for the pair EUR/JPY Let's Start!
In BigPicture price is going up well. It's not a selling area or something.
As you see Price is going up to check the resistance level on top of the channel.
Also, we got very nice support on 128.090!
My Position is going long for +70 +80 Pips. :)
You can think about making more using this position. (situation).
Well. If you have any questions? Tell me everything.
If you don't agree to explain to me why and let's talk about it.
Here is FxCROWN
Thank You For Your Time