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EURUSD 1h DEMANDI like this demand zone area on the 1-hour chart. It is sitting on an already tested 4-hour demand zone (faded green area). The only thing it has against it is that it is counter trending against the downtrend of the Daily bias. But the consistent HHs and HLs tell me that price is going to rally for a while, probably to mitigate inefficiency and/or the institutional candle above on the Daily. With that in mind, I'm taking partials at about 1:5 but I am open to holding it much longer.
Long
by QSInvestments
USDT DOMINANCE SPIKE: RELIEF RALLY SOON FOR ALTS/BTC?USDT Dominance measures USDT market cap against all other coins. While not as potent as BTCD or TOTAL2, it can be a helpful indicator to know what traders are doing, as many of them use USDT over fiat. Obviously, when BTC sells off, USDTD spikes. Based on a little TA, we might expect a relief rally for the market soon. USDT is basically at resistance, but it did put in a slightly higher high. Recent volume is decreasing, signaling a reduction in selling pressure. RSI is nearly at Overbought levels (which would be considered oversold for the rest of the market) Just remember - When you think BTC can't go any lower... it always can. Happy trades, CD
CRYPTOCAP:USDT.D
by cryptodonovan
1
EURJPY to drop massively to 125.251A break and retest of the previous support of the head and shoulders on the daily time frame signaled for possible continuation of bearish pressure. So going done the the 15 min time frame we have a rising wedge that was broken with bearish pressure, thus the entry was made with the stop loss above the previous high. The take profit was set using the next support which is quite further down for a nice R:R:R. I anticipate the price to reach it as price has now taken a bearish turn just after a lengthy consolidation after an uptrend.
Short
by BlackTygaTrades
SCHW Trade RecapEarlier this week, I took a trade on SCHW on the 30 minute chart. Found it had been rallying on higher time frames (HTF) from a pullback. I decided to scale down to a lower time frame chart to find an entry. Preferably a pull back. Decided to enter on a bull flag. The previous day had shown strong bullish buying pressure as indicated by the bullish candlesticks closing near their highs during the rally. The first flag that I entered on was a 2-legged pullback from the highs with a High 2 breakout. When the breakout bar closed on its high, indicating strength from the bulls, I took a long position. My exit strategy was to trail my Risk Units. (For example, when risking $100 on a trade, $100 is 1 Risk Unit (1R). Therefore for every $100 move in profit, or every 1R move, you'd move your stop loss up 1R behind it.) I bought more shares, equal to my first entry, on every bull flag that had occurred in the bullish trend. Therefore, I bought additional shares twice over the course of the trade. This increased my chances for earning bigger profits as long as it continued to go in my direction. I bought my first additional shares after my stop loss had already been moved to 1R. Effectively eliminating my risk. Since I bought the new shares around 2R, my 1R stop loss was now breakeven. Due to share price averaging. So I was at no risk of losing any money. As the trade continued to move in my favor, I continued to move my stop loss up, locking in profits. I bought my last shares near 3R after the final flag in the move. Again, for the same amount of shares I had bought in my original entry. My size was now 3x bigger than my original entry. After the trade had reached 4R, I moved my stop loss up to 3R and got stopped out there after the stock had came back down. Even though I got stopped out at 3R, I walked away with a 4R profit, due to buying additional shares on the way up and my risk never being greater than my original positions stop size due to my trailing stops.
NYSE:SCHWLong
by Trade_Soup
$MIRM doubling down*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My team entered $MIRM on 5/28/21 at $16.30 per share. Today we're taking the dip opportunity and doubling down at $15.60 per share. FIRST ENTRY: $16.30 2ND ENTRY: $15.60 TAKE PROFIT 1: $20 TAKE PROFIT 2: $30 STOP LOSS: $14.90 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:MIRMLong
by SimplyShowMeTheMoney
plugging into $PLUG once again*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My team got into $PLUG 6/1/21 at $30.74 per share. The stock now sits at $29.85 after correcting from its previous high of $75.49. $PLUG is a hydrogen energy company towering its industry. My team originally entered $PLUG on 6/1/21 because of a misinformed earnings date which we all thought was taking place on 6/3/21. My team remains just as confident as before that the price action of $PLUG will benefit from this report. After down trending more than HALF from it's all-time high stockholders should expect $PLUG to uptrend throughout the end of June and July. My team has brought our average price per share down this morning after purchasing more shares at $29.85. $PLUG earnings will be announced tomorrow (6/22/2021) ORIGINAL ENTRY: $30.74 AVERAGING DOWN AT: $29.84 TAKE PROFIT: $47.00 STOP LOSS: $26.00 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:PLUGLong
by SimplyShowMeTheMoney
2
$WISH July Update*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My team entered $WISH on 6/15/21 at $11.30 per share. Today my team is averaging up on $WISH at $11.77 per share. Our first take profit remains at $18. My team is keeping any upcoming posts short and sweet due to upcoming market volatility within the next few weeks. My team busted ass to prepare for the summer markets of 2021. Kick off is here...our players are in position... We're just simply showing you the money. FIRST ENTRY: $11.30 2ND ENTRY: $11.77 TAKE PROFIT: $18 STOP LOSS: $9.50 If you want to see more, please like and follow us @SimplyShowMeTheMoney
WLong
by SimplyShowMeTheMoney