JPN225: Continuation idea with explanationToday's focus: JPN225
Pattern – Continuation
Support – 35,860, 35,500
Resistance – 36,215, 36,718
Hi, and thanks for checking out today's update.
We are looking at the JPN225 today, but it's more from an educational standpoint around a continuation pattern that uses the moving averages to help qualify the setup. This setup comes from a system called the Floor Trader Method. Yes, I know floor traders most likely didn't use moving averages. But if you read it, you will see it mainly focuses on price position and retracement shape. The moving averages are there to assist in seeing the trend and qualify.
We have run over some aspects of the method and how it can be seen in today's price setup. We have also run over targets and stop points with both a higher perspective and a lower failed perspective.
It will be interesting to see if the JPN225 can retest its previous resistance and highs and set up a new fast trend.
Good trading.
Retracementtrader
ETHUSDT is testing the 0.618 Fibonacci LevelThe price got a rejection from the M's neckline as I told on the previous analysis exactly on 2830$. On the daily timeframe, the price is still inside a descending channel above an important support 2400$.
The market printed a double top on 3250$.
On the lower timeframe, the price is testing the 0.618 Fibonacci level as new support after the breakout from the 2700$
How to approach?
For a bullish scenario, the price needs to have a clear breakout from 3k resistance with Volume, and retest it as new support.
Otherwise,
If the price is going to lose the weekly support, above 2400, we could see another bearish impulse and the next valid support is 2k
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
USD/CHF: Daytrade-OPPORTUNITY#BUYHey tradomaniacs,
welcome to another free signal of Week 43 Nr. 2
How to trade: Wait for the break above the horizontal Resistance.
After retest and rejection you can buy!
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Type: Daytrade
Market Buy: 0,98810
Stop-Loss: 0,98577
Target 1: 0,99069
Target 2: 0,99182
Target 3: 0,99321
Stop-Loss: 23,3 pips
Risk: 1-2%
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
AUD/JPY: Swing-Setup! Awesome CHANCE to buy the retracement!Hey tradomaniacs,
welcome to another free signal!
Important: We trade the Pullback! Use as less risk as possible!
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Type: Swingtrade
Buy-Stop: 78,396
Stop-Loss: 78,135
Target 1: 78,70
Target 2: 78,912
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
CAD/CGD: Daytrade-Setup!Hey tradomaniacs,
welcome to another free signal!
Important: Risky trade against the impulse. A retracement is very likely! Wait for the break above the trendline and place your oder!
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Type: Swingtrade
Buy-Stop: 1.01128
Stop-Loss: 11.00823
Target 1: 1.01400
Target 2: 1.01700
Targt 3: 1.01943
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
USD/NOK: DAY-SWING-Setup! Lets sell the retracement!#ChanceHey tradomaniacs,
welcome to another free signal!
Important: Wait for the break below the green trigger-line and place a SELL-LIMIT!
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Type: Swingtrade
Sell-Limit: 8.50507
Stop-Loss: 8.53076
Target 1: 8.46867
Target-Zone 2: 8.45 - 8.44204
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Did You Really Think VIX Will Remain Under 20 For Long?As we continue the declines from the top (2490.91 on September 21, 2018), we are ready to test and re-take the Christmas Eve lows. This market is the in the earliest stages of the meltdown. TV pundits keep telling you to "buy this dip," but don't be caught off guard.
Based on the moves in our current intermediate wave down, we will see within a few days if wave 4 indeed ended on January 10, 2019. If that high is not retaken, I expect the market to continue down to the polygons on the chart. The green box will be the most likely bottom for the end of Primary wave 3. Don't fool yourself, this is only the half-way point of Cycle Wave 1 (there will be 5 of them) in Supercycle wave A which will be an ABC corrective wave.
History says this is only the beginning. If the rest of the world is starting to believe a global recession is in the offing, just wait until the realize it is here. Then it will be too late.
I have calculated 356 data points of Grand Supercycle Wave 1 (which just finished in September) that dated back to 1932. We are just entering Grand Supercycle Wave 2 which is a correction that has not been seen before. Hopefully I am wrong and this is a bump in the road as the pundits believe, but what if I am right (like I have been)?
Xauusd: Long & Short?? 1H If we start for the fibonacci retracement trade.
I was looking for a reason to go long. Now we got it.
Target 1: 1346.584
Target 2:1355.459
Stop loss: 1308.556.
Or we got a flag pennet. just wait for a break below. and a conformation.
Target 1: 1313.460
Target 2:1307.840
Stop loss: 1333.138
HOW BIG BANKS MANIPULATE THE MARKET - ICEBERG ORDERALSO - HOW DOES THIS EFFECT THE CRYPTO MARKET.
This is a technique big banks use to hide large sizes orders they are trying to fill without the public seeing their smaller transactions and have price move against them.
EX. - Banks bias is bearish to sell $60 billion of sell orders
They have chosen a previous resistance price level to manipulate around
They will create buy or sell candle patterns to entice traders to commit their trading capital into a trade. They are on the sell side when a trader buys. They are stop loss hunting both sell and buy trades. They are enticing bullish breakout & retracement traders into the market and then moving price quickly away into their stop losses.
How to enter a trade once we determine their final bias will be shown in updates.