AUDCAD will price respect resistance Again? This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
Shortsetup
GBPNZD Has price re-tested already? This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
AUDUSD SHORT strategy This is a short position I took, addressing the different time frames and TA for each. There are no events taken into consideration in this TA, just price action in relation to the trend-lines, Support and resistance lines, price momentum, candle information, EMAs, and whatever else I talk about. god bless.
GBPUSD Video - haven't traded the GU this year!Hey Guys
Second video already! I do like this way of communicating!
Summary:
1. I haven't traded the GU all year
2. Missed short opportunity but that's fine.
3. Looking at shorts as mentioned in the video but will need confirmation if and when price gets to the area of interest.
4. If your strategy permits, you can trade both directions when a setup has presented itself with confirmation. I only day trade the ES primarily with 6E occasionally and swing trade other spot fx pairs and the SPY ETF when opportunities present themselves.
I am constantly stressing the need to identify your edge and trade it consistently. I use the same approach for framing the markets with the same confirmation techniques to enter and exit a trade. I will probably be asked why I don't share my confirmation techniques. The truth is, this is proprietary and I have developed the confirmation techniques over a long time and its taken a lot of work. So, I am not prepared to give that away. However, I do want to make it clear that you must have a criteria that confirms a trade setup is valid to be able to enter a trade. Don't just blindly enter levels that you may be interested in. And more importantly, make sure its a tested edge with a positive expectancy!
Ciao.
EUR NZD SHORT - (stuck in a box)Hi Guys,
My analysis is based on a stuck in the box type formation which has taken place on a D1 chart. With many attempts to breakout it has found a very strong resistance, we have had a false downturn take place today with a retest to the top. What i think is going to happen here is it may even retest and break this key level, but with NZD news coming which is looking to be positive, this could kick in the downward trend all the way down to the 1.63500 level.
I have yet to enter the market due to the bullish upturn of today, but will be placing a short position at the top of resistance for a reasonable risk to reward ratio.
Risk management is important when it comes to all types of trading, especially swing trading so please be cautious.
Find me on instagram as @thefacelessceo
if you would like to join my signal and strategy group then please feel free to DM me.
Why I'm Shorting the S&P 500Macro-economic Overview
Essentially, it’s looking like the bear market is becoming more probable month after month. Tons of macro-economic bearish signals:
Euro economies taking hits (Germany narrowly avoided a recession last quarter but has seen 0 growth; UK recession looming as well especially w/ no Brexit deal)
We’re currently in the longest US economic expansion ever. What goes up, must come down.
US-China trade deal going sour.
Manufacturing production going down.
The Fed raised interest rates several times last year.
The list goes on and on. And that’s without me even looking at a chart.
What exactly is going on here?
When we look high-level at the charts (see above video for technical analysis) , at the end of 2018, the US stock market took its biggest plunge (-20%) since the financial crisis… Now, we’ve climbed back to the previous high for the third time and are again struggling to break through it.
What appears to be propping up our economy despite these bearish signals is lip service: Statements by Trump like “Our economy is in its best state ever!” and “We’re gonna have an epic trade deal with China!” And statements by the Central bank saying that they are not going to raise interest rates again until 2020.
But covering the wound is not stopping the bleeding. The blood is accumulating and there is a point when it starts to leak. We don’t know what specific event is going to trigger the blood to gush this time around. In 2001, it was the tech bubble. In 2008, it was the lack of regulation in Wall Street and the housing bubble. In 2019/2020, it could be a failed China deal, the Fed reneging on their promise not to raise rates this year, or something we haven’t caught wind of yet…
Perhaps the specific trigger is worth speculating and helpful for folks who want to say, “I called it!“, but at the end of the day - the bearish signals are very clear. And big money knows it, else we wouldn’t hit the same price peak 3 times in a row over the course of 18 months and still fail to break through it. 18 months is quite a long time to maintain the same peak in a bull market. That is a clear bearish signal.
Our Opportunity
We’re in an advantageous position where we can see the red writing on the wall, we can see the blood beneath the bandages, but prices don’t reflect it yet. This is when smart money enters. The masses wait for headlines to say "We've entered a recession." Let's think like smart money, not the masses :)
NIKKEI: Are you ready? Get ready.In the screencast I show the evidence of a setup that is approaching, for a nice controlled loss. Loss? Nobody want's to hear about that - but it is exactly what we do!
Key points:
1. Alternate ABCD pattern with a C-point at 50% (Scott Carney criteria).
2. Zone of congestion.
3. Probabilities for the south based on ATR-based indicator and GMMA.
4. Time momentum favouring the bears.
5. Weak bullish rebellion.
I am of course delighted to learn if others have a different perspective based on the technical position.
This post is not a recommendation to short or a prediction. I have labelled it as short because that is potentially what it is.
USDJPY: What happened nextI compare the situation at 01/01/2019 with a few days previously (see video 4 min mark in screencast below). I've extracted value in this experience because this scenario and one similar in ETHUSD, leads me to a better confidence about spotting trend weaknesses and getting earlier on trend changes. I focus on curves in relation to trend-change indicators.
GE - Ideal Short Levels (An GE Just Gave Another Teaser!)This is a quick summary of this GE idea, but GE started its strong downtrend on May '17 and it started to slow down in May '18. That's 1 year with a ~52% loss, in other words a very strong downtrend or crash.
It was a discussion I was having with a fellow member and I decided to share it as an idea rather than keep it to myself just because of how interesting the story has been so far. GE just broke down another support level at $12.60 after failing to hold its recovery rally up to the $15 mark. Right now the support break tells us that the stock is still weak, but a confirmation is needed to initiate another sequence of shorts if the downtrend resumes. If GE holds below its $14 level and makes a correction to the downside, it would be the time to short for me (this is a separate idea from what I will be doing with the portfolio growth challenge). As short as I am on this stock, it is only a waiting game until a further sign of weakness appears.
Let's give GE till about December to make up its mind.
We will see how this plays out. There is no prediction here, only reaction to the price action on the charts. Credit to @pherrman for bringing up the discussion.
Quick day rundown. pt I dont feel amazing about all of this. It all feels normal. All of my old charts said we would be going to new lows Old BTC chart said around 6600 before drop to 5.4. Seeing the way that the coins were traded (on binance) I would not be surprised if we do. There was a lot of money pumped and dumped yesterday and most likely many bag holders.
I want to see us come above 6600. I almost don't see it happening. But im hoping/waiting for a new signal.
Check out the other parts too!
Potential Long Term Short Setup - 1.4500-1.4800 Zone I've started to watch GBP/USD a little more closely now, as price action is starting to close in on a mid 2016 supply zone that has not been touched since that time.
Personally, i don't use a bunch of indicators on my charts, i just plot out what i believe to be strong supply and demand zones and simply wait for price to get there. Once there, I'll simply look for a daily reversal confirmation or possibly set and forget and entry based on price structure. I'm looking for this to be a very long term short, so we'll just have to wait and see how it plays out.
[BTC-USD] 1 MIN CHART- HOW TO EXECUTE A 2.17% PROFITABLE TRADE!This video is on a 1 min chart showing how I made a profitable 2.17% trade on BTC, considering it is very bearish and very volatile at this exact moment on March 11-2018 (Sunday before 2 am this morning !) Scalp trading in bearish short or long trends even on 1 min chart is risky as hell and not even profitable as you can see on this video! I believe the price in the next 24 hrs may go below 8600 between the ranges of 8000-7500. Be safe and careful with your trading. Stay sharp!
If you enjoyed this quick video give me a like! If you wanna to know more of what im doing , follow me and I'll be happy to share some of my trades with you guys.
Thanks,
CryptoBuzzAnalyst
PS. This is not financial advice, you must perform your own TA and use the proper indicators and candle sticks for short term scalping, intraday trading.
[NULS-ETH] BINANCE- MOST BREAKOUTS ON CHART OVER 50%- ANALYSISThis is a very interesting token I have investigated and done some research on. It's very promising and I will be shorting this token very soon! I expect good profit from this token. I like the swings. It's almost like classical music... This token is traded strongly in Binance exchange and is traded in BTC pair and ETH pair..You can verify all information about this token on coinmarketcap below. I have setup 3 trigger alarms for possible entry points to trade this token.
After my analysis I realized that this token full filled my checklist to trade by being under all the EMA's, such as the 50,100,and 200. It is also very close to reaching 50% near or below the all time high again!.
If you enjoyed this video give me a like and your comments would be appreciated!
CryptoBuzzAnalyst out!
coinmarketcap.com
GBPAUD - shortTaking a look at GBPAUD we see a few indications of a reversal and continuation to the downside:
- Elliott wave completion of 5th wave on daily time frame
- additional shorter time frame elliott wave completion on 4hr.
- Fibonacci cluster zones lining up at fresh demand levels
- Rejection of fresh Supply level at 1.80
- Bearish engulfing pattern to close the week on Friday
This is a view of my directional bias for the week, not necessarily a trade setup just yet. However I will be looking for places to enter short and update idea.