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Psycology

USD/JPY: Bearish divergence formedIn this analysis, U.S. Dollar/Yen Japanese forming a bearish divergence in 30 minutes timeframe. Also, we see a bearish channel flag pattern and we see a broke down of this chartist pattern in USD/JPY. As I see a bearish setup, this could be an amazing profit of 122 pips approximately to find down. Now, I want to share here another timeframes what I found out. In H4 timeframe, I see the same in 30 minutes timeframe, but this it's very different because in H4 we forming a key supply zone in that gray zone that it's called imbalance zone and we see that this could be another signal that we're going to short U.S. Dollar in front of Yen Japanese. And also, to know more deep, we see a bearish Gartley harmonic pattern with all Fibonacci measure to valid this harmonic pattern, with Fibonacci measure and also, the confirmation of this bearish divergence and break out of this bearish channel flag pattern in 30 minutes, all thesm it's a good signal to short U.S. Dollar. So guys, I see that this trade has a lot potential to find a short position. For that, I put a place a sell order limit a little more of the price at 122.66 JPY and SL to $123.15 JPY (49 pips) and target to $121.44 JPY (122 pips). This have a risk/benefit 1:2. I hope that this idea support you very well in this Forex weekly.
Short
by harisonhbn9718
5
USD/CAD: Ascending triangle U.S. Dollar/Canadian Dollar forming an ascending triangle in formation that we need to hope an entry to long position in USD/CAD. This trade have a projection to find up 87 pips. Meanwhile, it's required to hope the economical news in U.S. Dollar and Canadian Dollar and what will be happen for tomorrow combining with this technical analysis. This it's the H4 timeframe panoramic and what Il look because we could to go back to the upside to find up the resistance key at $1.2600 CAD approximately what in the past weeks we forming a consolidation in that zone. We're in the important reaction that we would to be cautious to trade this par becuase we have chance to going to the upside. As also, we have 2 potential target to reach in this Daily fibonacci at 0.382% and 0.618%. But we hope this trade to long position following my perspective I will update this par until break out the $1.2530 CAD, I will put my alarm on this zone.
Long
by harisonhbn9718
AUD/CAD: Bullish channel perspective!!!As Australian Dollar/Canadian Dollar drop at least in the range of 43 pips approximately and hit the 0.618% of Fibonacci in that yesterday analysis of what we see a double break out and the formation of ABCD bearish pattern. So, my trade was not bad, but I didn't closed up my posiiton at $0.9350 CAD when reach the 0.618% of Fibonacci zone, but I closed up my trade near of my price entry, just that at least I earn like 2 pips in this stupid trade, what I suppose to closed up my target in the exactly 0.618% and I would have 44 pips approximately. But don't worry, our technical analysis could to fall and sometimes we would need to work mroe and be cautelous how the market work. As I dont thinking that in H4 timeframe was a good confluence to buy in the 0.618% too in that key Fibonacci level. Look below!!! That was a good confluence in that trending, and that mean that Australian Dollar will continue up. But to update now, we see that if Australian Dollar break up this bearish channel to the upside what I show you in htis blue arrow line model, this could be a a good perspective to find up long position in this Forex par. So guys, my previously trade was not bad, but my perspective was very good in what targets could AUD/CAD to reach, but be cautelous what happen in the price action, I decide in the past hald 5 hours to closed up this trade as AUD/CAD make a bull movement. But we can't to trade indmediately in this trade until break out this bearish channel. Also, I guess you to read my previously analysis of there of what I talk about yesterday in AUD/CAD about double break out and ABCD bearish pattern and my measure using Fibonacci level for targets. Goes to the link to related idea and click on.
Long
by harisonhbn9718
6
EUR/CAD: Bullish Crab Harmonic PatternEuro/Canadian Dollar forming a bullish crab harmonic pattern. So, in this 2nd analysis on Euro/Canadian Dollar showing up a bullish harmonic pattern that we could to find up good opportunities to entries to long position. Maybe guys, this it's the H4 timeframe and the chart clean how the market structure look. To discuss, Euro break out this bearish trend line and right now, we see a new lower high, also, as I saw, we could to find up good entries to long position in this trade. And making this deep analysis, in Daily, we see that Euro can to find up a higher point in the 0.618% as we see now. So guys, Euro it's look optimistic in front of Canadian Dollar based the global news of negotiations peace and Euro pars it's find up strengthen in that news. This it's my 2nd analysis on Euro/Canadian Dollar. For reference, goes to my previously and first analsyis on EUR/CAD in the link to related idea and click on.
Long
by harisonhbn9718
AUD/JPY: Sell in the change of trendAustralian Dollar keep in this bearish trend in H1 tiemframe. So, we could to put a sell order limit. In my case, I put a sell order limit to $91.77 JPY with my SL to $92.20 JPY (42 pips) and I have a target to $90.54 JPY (123 pips) This it's the H4 timeframe and the trend it's clearly that we're going to find down this correction, and into this correction it's a good opporutnity to get pips in this week. And also, I made a Daily analysis that I share in this screenshot and I see that as we're in the correction and confirmed this bearish break out and change of trend, we would hope that AUD/JPY goes to 0.382% around $90.68 JPY. And more below 0.618% as another chance to hit. I hope that this idea support you very well!!! Also, my previously analysis that I create from my iphone, I will replace it for this analysis in how I see the movement by H4 timeframe.
Short
by harisonhbn9718
1
EUR/CAD: 0.382% Fibonacci level; boughtEuro/Canadian Dollar it's look bullish from this way in 30 minutes scalping. But I'm more related with H1 timeframe. Because in this timeframe 30 minutes Euro it's moving to the upside. You can to buy now in this trade, put your SL to $1.3823 CAD (42 pips) and target to $1.4020 CAD (154 pips) The H1 there're a strategy that you will need to pay attention and it's about the price action combining with this timeframe 30 minutes. Also, i will show you this Harmonic pattern in H4 timeframe to recall in my 2nd analysis here in trading view to talk in the deep of this analysis.
Long
by harisonhbn9718
3
📌WHY RISK MANAGMENT❓❗📛✅ Traders heard to consider risk management but aren't given good enough reasons for this risk management rule. We'll explain the the psychology and biology behind our frenzy of buying any stuff in bullish market or depression after our thoughtless, recklessness decisions ... ⚪⚫🔴🔵 🆗Anyone who has taken a risk understands its visceral feeling. Dr. John Coates puts it beautifully, “Risk engages our entire being,” and his book The Hour Between Dog and Wolf: Risk Taking, Gut Feelings, and the Biology of Boom and Bust explores how risky wins and losses can change us “Jekyll-and-Hyde-like beyond all recognition.” Running the derivatives trading desk for Goldman Sachs and later Deutsche Bank in New York, Dr. Coates witnessed first-hand this biology of risk-taking and its effects in the financial markets. During the dot-com bubble and bust, he observed cocky and unreasonable behavior when traders were on a winning streak, and the extreme opposite after huge losses. Looking to bring biology to the story of overconfidence and irrationality in our financial market instability, he retired from Wall Street and returned to the University of Cambridge in 2004 to study neuroscience and endocrinology, in order to understand how risk-taking affects our bodies. Dr. Coates’ research found that hormones are at work during risk-taking: testosterone is likely to rise in a bull market, while cortisol is likely to rise in a bear market. Moreover, these hormones and signals from the body not only influence risk-taking among financial traders, but they also have wider implications beyond the markets. In the John Coates Book, That winning feeling The ancient Greeks believed that we were visited by gods during defining moments in our lives, such as winning battles, love, and childbearing. Those instants felt extra vivid and powerful, but Dr. Coates discovered that these feelings are really induced by our hormones, not Olympian gods. Testosterone fuels the “winner effect.” It affects the brain, increasing confidence and appetite for risk, but after an extended winning streak, testosterone also causes overconfidence, unreasonable exuberance, and obliviousness to danger. 🔸🔹🔶🔷◾ ✅SO doing the Risk Management Techniques for Active Traders is vital : 0)Planning Your Trades "Every battle is won before it is fought." This phrase implies that planning and strategy—not the battles—win wars. successful traders commonly quote the phrase: "Plan the trade and trade the plan." Just like in war, planning ahead can often mean the difference between success and failure. ⬛ 1)Consider the One-Percent or 2% Rule Although this rule mostly depends on your trading strategy and your market ,but this rule of thumb suggests that you should never put more than 1% of your capital or your trading account into a single trade. This strategy is common for traders who have accounts of less than $100,000—some even go as high as 2% or even more if they can afford it. ⬜ 2)Setting Stop-Loss and Take-Profit Points The points are designed to prevent the "it will come back" mentality and limit losses before they escalate. For example, if a stock breaks below a key support level, traders often sell as soon as possible. On the other hand, a take-profit point is the price at which a trader will sell a stock and take a profit on the trade. This is when the additional upside is limited given the risks. ⬛3)buying or selling in several steps this rule also called "averaging down or up". In this case assume you aim to invest in an asset but haven't any accurate strategy to determine a good entry point an exit , but you know the general trend of a market , and by allocation of your fund in different steps you can lower your risk of buying or selling , for example you want to buy bitcoin but you haven't any specific strategy so by regarding of your capital you can buy it after any drop or regular period of time for instance at each month. ⬜4)Diversify and Hedge Making sure you make the most of your trading means never putting your eggs in one basket. Whatever your asset is your challenge is to pick If you put all your money in one stock or one kind of an asset , you're setting yourself up for a big loss. So remember to diversify your investments—across both industry sector as well as market capitalization and geographic region. Not only does this help you manage your risk, but it also opens you up to more opportunities. ⬛5)Downside Put Options If you are approved for options trading, buying a downside put option, sometimes known as a protective put, can also be used as a hedge to stem losses from a trade that turns sour. A put option gives you the right, but not the obligation, to sell the underlying stock at a specified priced at or before the option expires
Education
by PRO_SMART_Trader
The psycology of understanding patterns The human mind is made to create context if there is an information we need to get the full picture. An example of how your brain is creating information in order for you to understand the context could by reading this text: "I cdnuolt blveiee taht I cluod aulaclty unesdnatnrd waht I was rdgnieg! The phaonmneal pweor of the hmuan mnid aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn't mattaer in whaht oredr the ltteers in a wrod are, the olny iprmoatnt tihng is taht the frist and lsat ltteer be in the rghit pclae. The rset can be a taotl mses and you can sitll raed it wouthit a porbelm." This is actually very usefull when analysing the marked. If you don't know the context you can try and look back on how the share was evolving before and use that knowledge to predict the outcome even if you dont have the full information. So by triggering your brain to understand the context will help you find the outcome. Let me know what you think about this^
Long
by Aksel_Rom
2
BTC/USD: My possible next movement This it's just my idea, but as today, Federal Reserve want to tightening their monetary policy in U.S. economy, as also, FED could to start the process of rates The Consumer Price Index print may offer new indications about the pace of the Federal Reserve's monetary tightening, and investors are bracing for higher-than expected numbers that would signal more aggressive rate hikes. As yesterday, I post this sentence to share with my followers in Twitter that I believe that FED could to offer a new tracks that it's signal U.S. economy could to entry in the strengthen and recover in the market. That could to affect the rest of financial market and deep impact of this news. So, technically, Bitcoin climb to up in the past days, but right now, we forming 2 doji of indecision and we coudl to forming an imbalance in that higher zone, if Bitcoin closed up with another weakness of Doji, so, Bitcoin could to drop to $40,700 USD. But in that point, we could to look if Bitcoin forming a possible Shoulder Head Shoulder or will continue drop in based the news that come from Forex market, but more influenced in the U.S. Dollar.
COINBASE:BTCUSDShort
by harisonhbn9718
It's the time to sell Ethereum here!!!I look in Daily timeframe the following 1. Price action show us that bears are taking control in this bear trend. 2. Ethereum make higher lower in the price 3. We look like resistance in that diagonal downtrend that forming a bullish rising wedge, and now it's work like resistance in that key zone. 4. Ethereum may to find down a level $2,780 USD. 5. And this point it's very important. if Ethereum continue showing a bearish structure and break down the zone of $2,780 USD, Ethereum could to entry in the sell-off and bears will raise the control over this trend. Now, that it's my 5 key point that I look in Ethereum. Also guys, I like to trade much Bitcoin & Ethereum, as these main cryptocurrencies, they've a lot volume by trades. Sometimes, I can to trade another coins like Cardano, XRP, Chainlink, Polkadot. But most of it, I usually trade more Bitcoin & Etheerum than another altcoin. But yes, sometimes I can to trade Cardano, XRP. Chainlink, Polkadot or anothers.
COINBASE:ETHUSDShort
by harisonhbn9718
ETH/USD: Bullish momentum Ethereum it's look extremely bullish in H4 timeframe. So, we could to put a buy order limit at $3,335 USD and SL at $3,240 USD. And my target toward $3,680 USD approx. I look a long position in Ethereum into this bearish channel. This it's just a pump and reversal into the trend in Daily timeframe and following the H4 timeframe as Ethereum it's being lead for H4 timeframe. This it's a risk/benefit of 1/3.8. It's an great benefit if Ethereum reach my target toward $3,680 USD. A risk of 2.90% and benefit of 10.20%
COINBASE:ETHUSDLong
by harisonhbn9718
7
ADA/USD: Bearish Channel and Bullish Divergence in RSIIn Daily timeframe, we look a bearish channel where Cardano confirm this chartist pattern where I put these 4 red arrows, they are an indication of the point of this bearish channel pattern. And also, I mark 2 liquidity points that maybe it's a scenario of institutional where they use it to make liquidations that work like key points. Also, in the RSI it's very strange that show us a lowe high in this indicator and price action mark lower low. That it's strange that it's appear a bullish divergence in this analysis. And that could be a signal of go back to the bull rally in Cardano. So, If Cardano break up the liquidity point in the level of $1.61 USD. We could to see a possible bullish movement and return of bulls. I hope that this idea will hope you so much!!!
BINANCE:ADAUSD
by harisonhbn9718
1
ETH/USD: Daily perspectiveEthereum it's in the main support $2,730 USD. This support it's very important meanwhile Ethereum still in this upside. Now, there's an interesting possible long position in Ethereum in the market price as I look a possible end formation of this ABC correction. So, we pass the Elliot Wave Cycle and right now we are in the Elliot Wave correction ABC. We could to look what Ethereum do in H4 timeframe and fount out any possible bullish pattern in this cryptocurrency. You can to use the 3 Daily chart as alternative to analyze better what Ethereum do. I hope that this analysis will support you!!! I do not considered long posiiton, but I'm in the indecision in this cryptocurrency as we can't to find up any bullish signal and bearish signal.
COINBASE:ETHUSD
by harisonhbn9718
BTC This is important and retail traders need to know!Good Morning traders! Todays update is back to BTC. Like I always say retail traders are obvious, they have a distinctive footprint. Mostly because hey don't think ahead in the markets. I can see a VERY obvious stop filled area, and the longer we build orders the more likely it is that we break through to the downside. By the time retail traders realise that they could have bought these areas they will be on the wrong side of the trade and they will be swept out as liquidity for a bigger smarter trader. As always trade safe EnvisionEJ
BITMEX:BTCUSD.P
by EnvisionEJ
ETC/USD: Bullish butterfly PatternEthereum Classic forming a bullish butterfly pattern. This it's an Harmonic Pattern and it's bullish signal. We're in Daily timeframe and also, Ethereum Classic make support in the EMA 200. So, in medium term, Ethereum Classic could to move up toward $60.25 USD next resistance key and $78.28 USD next up 2nd resistance key. The 2nd resistance key it's my target in $78.28 USD. So, Ethereum Classic it's bullish. Now, in this screenshot, I make an analysis of Elliot Wave Cycle and we pass the Elliot Wave cycle and Elliot Wave correction. Right now, Ethereum Classic coud to forming a new Elliot Wave Cycle so similar in the past when Ethereum Classic went from $7 USD to $130 USD aprox. Then, Ethereum Classic pass for the correction toward $130 USD toward $40 USD in average. Right now, Ethereum Classic continue ascending in this model where forming like a channel, but I called it what this could to make an explosion in the price in the incoming months. So guys, what do you think of Ethereum Classic like investment or making a position trading in the market price $51 USD aprox. and put the SL in the $35 USD approx and my target toward $1,000 USD and keep this positon trading during months. This could be a extraordinary profit of over 1,800% if you keep this position during the next months. But yes, using a small average but depending the collateral what do you use for deposit your crypto assets. You can to use 25% of your 100% of your collateral and keep this posiiton to generate your favorite cryptocurrency. Guys, if you like this analysis, please hand up, share this analysis with others crypto-enthusiastic, traders and people who interesting to know this information about Ethereum Classic. So, I just entry in this long position toward $78.28 USD. This it's my target and I entry around of $51 USD and I put my SL at $40.50 USD. Now, I think that Ethreum Classic in my own opinion it's that has future, I do not going to invest in this cryptocurrency, but in the future, I may to interesting or I can to make a small leverage to invest a position trading and keep this position trading until $1,000 USD just keeping this position during months.
COINBASE:ETCUSDLong
by harisonhbn9718
BTC retracing the bearish moveGood Morning traders! Price has again lined up with the forecast I outlined yesterday. I do not claim to be right all the time however recent PA has been reasonably predictable which has been a great thing, I hope you are learning! Looking towards today we have a VERY obvious area for potential mitigation, these bearish orders have never been protected, as always price will be attracted to the orders either for protection OR for liquidity. We can also say at this stage the Bearish head and shoulders pattern is at the very least looking to form a second shoulder but more likely failed. I hope you managed to pick up some bargains, but be aware we can still sell off in the coming days. As always trade safe. EnvisionEJ
BITMEX:BTCUSD.PLong
by EnvisionEJ
2
BTC and ETH resting at the turning pointGood Morning traders! Overnight markets have had a substantial recovery on the back of news the Evergrande will begin repaying the interest on at least one part of its loans. We are not out of the woods by any means. Price is resting right on the neckline retrace EXACTLY where I predicted we would find resistance. While I did say I would be looking for buying opportunities in the areas yesterday I still believe we can head lower from here. All orders would be at break even this point if they are short term, OR I would be prepared to hold through a deeper pullback. All eyes will be on China for the coming week, if the news is good, expect a huge pump! As always trade safe, EnvisionEJ
BITMEX:BTCUSD.P
by EnvisionEJ
ETH trapped in a range and building ordersGood Morning traders! Welcome to a new week! Todays ETH forecast will be short but sweet. After the big push last week we continue to build orders, which means another large move is likely. I expect orders to continue to build for a few more days, as always retail traders will be predictable a place stops over the highs and over the lows. For whales and institutions all they see is easy money, once enough orders are built another explosive move will happen, the are above the current PA offers a great area of inefficiency and will need to be filled for short orders to be protected OR for the bull run to continue. As always trade safe EnvisionEJ
BITSTAMP:ETHUSD
by EnvisionEJ
Explosive ETH move incoming?Good morning traders and welcome to a new week! ETH continues to follow the forecasts I outlined last week. We are deep in the daily range that was never mitigated and we can see orders being stacked in both directions. This only means 1 thing, a strong move is coming, stacked orders mean liquidity for whales to move orders, moving big orders makes big market moves. I am still expecting a pullback in this overheated move up before the market continues higher, however with this much liquidity stacked anything is possible. As always trade safe EnvisionEJ
BITSTAMP:ETHUSD
by EnvisionEJ
2
Can we create the strategy that can wining the market??Hi guys, im guaddi min homie. I will give you two options: 1. Have stable profits in the market on a regular basis 2. Get rich quick in a short time but potentially lose all your profits quickly You will definitely choose the first option,right?. You've heard a lot of people make hundreds of thousands of dollars a day, but that's just the surface,maybe make a profit today, but the next day they will lose more than your profit. In fact, anyone can make money from trading but there are quite a few people who make a steady profit. When people enter their trades on impulse, they can make a profit for a while but can't make a profit in the long run.If you want to be a professional in trading, you must create your own trading strategy. Are professional traders good predictors of the future??? That's definitely not the case. We think we have to learn a lot of this, a lot of that, this indicator, this candlestick pattern To be able to accurately predict the next direction of the market. And of course that's not the case. The key of succes trading is the trading strategy have a good RR ratio and reasonable winrate with that RR. Or perhaps, in some cases your win rate can be very high along with the profit is also very large. To create a stable trading strategy according to the price action method or indicator, the first job is to identify the trend. You can use moving averages or draw trendlines. You can refer to strategies on youtube, forums or create your own strategies with indicators, or simply just resistance, support,...Remember no one strategy can has a 100% win rate,like I said, the win rate is just enough and the RR rate is good. I have a position with 100 USD account, if I win I get 1.5 USD if I lose I lose 1 USD but the win rate of this order is 50%,For every 100 orders like that, my average profit is 25 USD. However in trading, we can raise 50% win higher or 1.5 USD profit to 2 USD profit. You can set a fixed stop loss for example 2USD ,5USD and set the take profit 1.5 times the stop loss.Your risk should only be from 2-4% of your account. Doing so, in the short term you may lose, but in the long term, you will definitely make a profit. I don't rate strategies with high win rate but low return/profit .I just need a strategy that has a 50% win rate with a RR ratio of 1/2 or 1/1.5 Your trading strategy may have a losing streak of up to 5 even 7, but your win rate is 50% with RR ratio 1/2.So in the long term you will never lose.Such losing streaks are extremely normal and you don't need to worry because you still have a long term advantage. I have met people who every time they lose 2-3 in a row the emotional side kicks in and they start trying to develop a better strategy, despite having thoroughly tested their strategy and knowing that It is very beneficial.Because they don't stick to that really good strategy. If you have created a really good strategy for yourself then congratulations, you have a formula for winning the market, all you need to do is be patient and patient,the ratio is quite high in the case that you should not break the trading principle(In cases, you will have to make decisions and those will help you to grow up), and remember just follow the trend. See you in my other posts, thanks.
OANDA:XAUUSDEducation
by UnknownUnicorn24937010