Quarterstheory
USD/CAD Bullish to 128.210I’m looking at a continuation of bullish sentiment on USDCAD. Possible retracement lining with Fibonacci levels and higher time frame demand is possible in my projection of TP to the 128.210 area. We can also not retrace and go straight to targets. Follow confluences, technicals and be sure to pay attention to fundamentals it is equally important in today's markets. The start of 2022 has been lucrative for fellow risk management and psychology-driven traders. The next couple of months will be extremely Volatile with inflation, war, and the effects of the pandemic. Risk management is key.
A NEW US30 Quarter Point SCALP METHOD Still trying to figure out a new strategy and this one i can say has been going pretty well this week...
What im doing is trading only around the quarter points. 000 250 500 750
Im looking for the SToch RSI to be undersold or over bought..
So on a SELL im looking for the Stoch to be over bought, then i wait for a bullish candle to reach my Quarter Point then enter..
I set my SL & TP 110 pips (So this is a 1:1 ratio trading style)
Follow and ill keep you posted on my new strategy...
If any Question feel free to message me...
LETS MAKE 2022 a great year guys and gals
Price Psychology what happening with in priceThis is meant to serve as a training guide into understanding how chart patterns are ultimately formed via prices bought and sold.
This is where the focus of this video is. We are always wanting to know rather than the pattern that is forming, the prices that are
being bought and sold on the chart.
For this we use Quarters Theory, The segmenting on the chart into equal slices to understand where prices are at and where they could go.
On my highest timeframe I like to stick to 1000 pip sections the value of these sections changes this system is universal and can be used on any asset for ease of understanding it was preformed on a stock chart.
Within 1000 pips we have four sections
Four $100 zones
Four $50 zones
Sixteen: $25 zones
On a monthly chart we focus on 1000 pip sections, on a weekly is 100 and on a daily its 10.
Segmenting the char in this nature allows for an understanding of how price has reacted on different time frames based up the price or zone that it is in. From this point of view we may then begin to see recognizably patterns happening at specific prices that would be attributed to bar chart or price action patterns.
GBPCHF Sell IdeaGBPCHF has hit a Supply zone at the 1.28000 level, if price respects this level we expect sellers to push price back to the demand zone between 1.27500 and 1.25500.
As of 12am New York Time (11pm central) price is currently consolidating below the supply zone.
It found support at 1.27500 which started the ranging of price.
-Entry Criteria
Price Leaves Supply Zone and rejects area
Break and Retest of Supply Zone
Candle Close below 1.27500
-Things that we want to see
Buying Volume decreasing
Engulfing candle that takes out our area of interest @ the 1.27500 level.
Price return to the demand zone.
-Things that may happen along the way
Price may find resistance at the 1.27000 level.
Here we may see consolidation followed by a return to the supply zone
or
Selling pressure will push through this level and we will aim toward 1.26500 as our TP2 and trail our stop.
Ultimately we are risking 11 pips on this trade in an attempt to ride this move from 1.27500 to 1.26000 for a total of 180 pips
From our entry to our target our Risk to Reward is 16:1.
EURUSD will push higher now, upon reacting to LTEURUSD has been making corrective structure since the Sellers Climax(SC), with the touch of 1.17750 (confirmation zone of LQP) and liquidity push to the upside, we can confirm that was the last touch. it will push higher up into the 1.1920 area before coming down to correct the structure to once more pushing higher.
1.17750 is end of Larger second wave of Elliot wave counting.
Long EUR-USD Friday June 4, 2021Predicting poor news for June US Non-Farm Payroll. Predicting a below forecast report, causing dollar weakness.
Additionally, weekly FED balance sheet showing continued growth in US money supply.
EUR/USD pair is trading near a key whole number price point. of 1.21. Expecting bullish momentum post-report.
Watch for stop hunt then big move in reversal.
BTC on short timeframes confirms quarters theoryI created an indicator that lets you divide prices into equal segments (rainbow script). This allows me to apply quarters theory (made popular in forex trading) to smaller timeframes on BTC. Quarters theory is the idea that price action hovers around the quarters between whole numbers... 10, 12.5, 15, 17.5, 20....
I've divided 30,000 to 50,000 into quarters and looked at the smaller timeframes on the BTC chart. As quarters theory would predict, the price seems to "jump" up and down between "quarter" price levels consistently. It doesn't trade between levels, only at or around the quarter levels.
This wouldn't be particularly useful for swing trading, as this falls apart on larger timeframes, but it is useful in a very volatile market on smaller timescales. For example, if you were leveraging your position on a short.
If you think Bitcoin might be the future.... Well, I'm not 100% sure about that. Imagine the following scenario.
Using Bitcoin to buy and sell apples.
Customer: How much for this apple?
Vendor: .000064 bitcoins, sorry, uhmm... wait.. .000057 BTC, No, just a moment... That'll be .000073 Bitcoin
Customer: Here you go....
Vendor: Now, let me put you on a brief hold, while the BTC transfers to my wallet..... The estimated transfer time is 2 hours and 16 minutes... with 12 confirmations.....
Customer: I remember when we use to use cash, that is so yesterday's news, no?
Vendor: Yeah, cash, what a joke.... I'm glad we're not doing that anymore.
What kind of market correction could we expect?In this comparison between the #NASDAQ $NAS100 and $TSLA we could see some Bearish Momentum in the months ahead.
Look for Signs of Distribution
P.S. Let me know what markets you like to look at!
GBPJPY going above 150.000 before heading lower to 148.000Hello everyone! I hope everyone is having a good trading week so far, I'm posting this on Thursday so this is most likely going to happen next week.
My analysis is that GJ will poke its head above 150.000 and retest the 78.6 extension before continuing lower to 148.000. This would also be retesting the consolidation it previously broke but didn't not retest. Thank you for your time and if you got any value out of the analysis, be sure to leave a like and comment below you're thoughts!
Goofed by what I thought was distributionSo.. PLANS CHANGED!
Took some time to see on the sidelines how price would decide to play. Seems like we've been trending bullish with strong inst. order flow, so as of right now and the way the higher TFs are looking -Daily shows great strength, as well as a BOS; this could be the impulse to begin our bullish move, after many days of bearishness (for the retracement)-.
Now, I'm seeing re-accumulation.
Price begins to trickle its way bullish after a retracement on both 4HR and D (Jan 14-17th), which to me, seems like the standard push-up-pullback bullish scenario you'd see in clean price action.
GBPUSD RE-ACCUMULATION ON 4HR
GBPUSD BULLISH BOS ON DAILY
With DXY showing signs of bearishness on higher TFs, as well as taking into account future events like stimulus cheques being handed out; value on the DXY is sure to nudge lower with all that money being printed -just my hunch, lol-.