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Short Opportunity in GBP CADHi Traders, The higher time frames indicate we are in a short term downtrend. Price is testing key resistance at 1.69837 - 1.69676 Level(Red). If price breaks and close below 1.68697(Yellow), we can enter in a short position for a possible target at 1.68106(Green) with a stoploss maintained above 50SMA. This trade Setup is valid only for the present day as these levels can change tomorrow. For queries comment below and dont forget to like and follow. Happy Trading....
by Hari_krishnan_S_Kumar
Cable Long planHi guys, happy Tuesday. A long position is on the cards here for the cable pair. as you can see major trend line resistance has been holding now for quite some time and price cant seem to break it try as though it might. A minor 15m resistance has started to also form on the 1.30585 area, which is where price is currently hovering. We took a nice short position yesterday on the pair which was spotted on my previous idea. As always though we stick to our plan. Price is currently in an uptrend there fore we trade with the trend (the trend is ALWAYS out friend). I have a feeling that price will once again reject the major trend line and shoot up. I will be waiting for all of my criteria to be met before entering this one as always. The criteria being: RSI above 50 MACD histogram coming from negative to positive/slightly negative to show the beginning of a new trend/reversal. Stochastic heading up but not overbought. And finally the 5 and 10 SMA cross. No major data coming out of either currency so i don't think the fundamentally are going to affect price too much today. But we will keep a close eye as always. Cheers guys, Let me know your thoughts.
Long
by Ethan_FX
GBPUSD Long ideaHi guys, Were currently looking for the bounce here off the trend line of GBPUSD. This is a very strong trend line and I'm certain if price reaches this again it will reject the trend line and shoot straight back up. Obviously we will wait for other entry signals before we go long: MACD going from negative to positive (the beginning of a new trend). RSI above 50 but below 70 (Trend confirmation and proof of non current overbought conditions). Stochastic not overbought but heading up towards the overbought territory. And of course the 5 and 10 SMA cross. I believe another great point to put forward is that it looks as if the 50 MA is is going to prove a nice dynamic support. Also some very mixed news on both the GBP and USD today however GBP looking slightly more stronger and USD looking weaker with more news yet to come. in particular the Feds funds rate. Let me know your ideas guys. Cheers Ethan
Long
by Ethan_FX
NZDUSD: New Entry Potential (BB% Analysis)+smaRight now, NZDUSD looks like it can have a positive bounce back from the negative draw down of the current bollinger bands indicator. It also seems like it may start garnishing much higher support especially looking at the SMA. The fractals are also there although volume is pretty low. Resistance may be broken soon and it might not be beaten up longer. As always, this is on an opinion based basis. Do your own due diligence and proceed with caution at your own risk.
Long
by gamer456148
My Update on Apple on 06.23.2020I'm not a financial advisor, Don't buy or sell bass on what I'm saying... I don't own Apple stock, so PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY... I have recently posted a new and my 2nd attempt at a real indicator two weekends ago... It's called "The Complex"Red Line" vs Simple"White Line" Moving Average "Beta" the same basic idea as my 1st indicator but it looks at more moving averages... My 1st real indicator is called "Hello VWAP"... It takes a couple of "SMA" with the "VWAP" and combines them in one white line on the chart... I have been looking at the daily chart and it looks like Apple is maybe changing direction soon Because the price is on the outside of the BB (is using the hlc3 to do its math) and it's quite far on the upside from the indicator that I have... Also on the chart, I'm using the MACD to look at the "Complex line in white on the chart" To me it's starting to roll back over in the next little bit from now! Note if you want to chat about my indicator or just about anything that is related to trading overall, just send me a DM ... Thanks for reading this post and happy trading!
NASDAQ:AAPL
by ADHDing_
Update on Bitcoin 06.20.2020I'm not a financial advisor, Don't buy or sell bass on what I'm saying... I do own some Bitcoin and I think it has a great future, this future may or may not be that great so PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY... I have recently posted a new and my 2nd attempt at a real indicator this last weekend... It's called "The Complex"Red Line" vs Simple"White Line" Moving Average "Beta" the same basic idea as my 1st indicator but it looks at more moving averages.... it takes a couple of "SMA" with the "VWAP" and combines them in one white line on the chart... And my 1st real indicator is called "Hello VWAP" I have been looking at the hour chart and it looks like Bitcoin is maybe changing direction soon, but look out for the wicks... Out on the daily chart, it's still under the average... But this is where it starts to come out to play, at least for me... Just take a look at what happened over the last month or so... I'm using the two lines like one would use a 200 vs 50 days SMA... That being said, look out it looks like Bitcoin is going to fall over the next little bit... Note if you want to chat about my indicator or just about anything that is related to trading overall, just send me a DM... Thanks for reading this post and happy trading!
COINBASE:BTCUSD
by ADHDing_
1
BTC/USD with the new indicator "Hello VWAP"....I'm not a financial advisor, Don't buy or sell bass on what I'm saying... I do own some Bitcoin and I think it has a great future, this future may or may not be that great so PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY... I have recently posted a new and my 1st attempt at a real indicator this past weekend... It's called "Hello VWAP" it takes a couple of "SMA" with the "VWAP" and combines them in one white line on the chart... I have been looking at the hour chart and it looks like Bitcoin is holding support over my indicator... But over the last day or so, there have been some big tests of it but the line is still going up so will we see a higher price in Bitcoin VS USD over the short term? Now out to the 12 hourly chart, over the last month or so... Bitcoin has stayed well above the "Hello VWAP" indicator, But it has tested it a couple of times and for a couple of days, it was under it... It looks like it's going to head under it and roll back down for a bit... You can really see it on the daily chart... On the day chart "Hello VWAP" indicator has really shown it's power because I have made it for a long term investor like me... If I did make this indicator earlier this year and did sell when the price of Bitcoin was under the indicator line, I could have not seen a %57 loss in my holdings and if I did buy when it was back over the line... I would have been up about %33, but as you know you can see the pass easier from the future... But for my future outlook for the next little bit, I can see Bitcoin at least test the line... But I'm thinking it will fall under it, if that is true I hope it's a fast pull back... If you want to get the "Hello VWAP" indicator you can get your own copy under my profile and if you are so kind can I get your feedback on it or any ideas you may have for it, I want to make this the best indicator as it can be... Happy Trading, Justin
COINBASE:BTCUSD
by ADHDing_
1
Oliver Velez 20 200 SMA Trading systemAs many of you know, world famous Oliver Velez uses the simple 20 and 200 simple moving averages on 2 min time frame with price actions above or below these key SMAs for day/scalp trading involving narrow state versus wide state trend or anti-trend methods. The 20 SMA line uses different colors to indicate whether it is going up or down. Against Oliver's advice, I also unnecessarily added boll bands on the 200 SMA, two +/- percent lines off 200 SMA to measure how far away prices are from the 200 SMA. I also added 10 ema cross 20 SMA cross signal, MACD line up /down, RSI crossover RSI SMA for those are want to make things complicated or might find they helpful. You can turn off all these ideally to Keep It Simple. Again trading success is 80% psychology and 20% a good trading system. Good luck.
NASDAQ:AAPLEducation
by tomchen73
4