Get started

Teaching

USD/CAD BEARISH MARKET STRUCTURE*-CONSECUTIVE LOWER HIGHS AND LOWER LOWS *-REJECTED WITH A PIN BAR OF 1.30684 SUPPORT ZONE *-WE MIGHT SEE A CORRECTIVE PRICE BEHAVIOUR *-POSSIBLE CORRECTIVE STRUCTURE UP TO 1.33 FIB/RES/TRENDLINE *-I AM SEEING A POSSIBLE NICE DOWNTREND HERE AFTER WE HAVE BROKEN A MASSIVE&HUGE IMPORTANT UPTRENDLINE *-PRICE MIGHT ALSO CORRELATE WITH 50 EMA *-WAITING TO SEE SOME PRICE ACTION/CANDLESTICK PATTERNS ON MY POCKET BEFORE ENTERING A LONG TRADE *-BE CAREFULL OF NFP THIS FRIDAY *-ITS BETTER TO CLOSE ALL OPEN TRADES BEFORE NFP #tradesafe #education #bestsetup #learn #freecontent
Education
by theforexdaddy
Bitcoin's Past Bear Market vs Today. Sell Call. Winter is ComingThe bottom is, in my humble opinion, is not in. Looking back at the price action of BTCUSD in early 2014 we can take a look inside the most recent long term bear market and use that as a reference for our current bear market in bitcoin. Bitcoin and crypto has seen a massive influx of new investors and frankly what we in the space refer to as 'dumb money'. They came in thinking that bitcoin could only ever go up and so they bought and bought until their bags were full and their wallets empty and not long after they finished their New Years eve bash and they notice that they are feeling lighter. They reach into their pockets and pull out their crypto bags to realize that they are disinagrating before their eyes. Now many have sold their bags holdings and it has caused the fall in price, but what we have not seen yet is the mass exodus style selling that comes only from the weary and teary eyed young gamblers that flew to close to the sun and got burned by the aura of infinite lambos and mad riches. When these poor souls sell they are selling it to the whales that have already sold a good amount of their coins and now are waiting paitently on the sidelines for the weak minded to putter out and hand them their heavy bags for next to nothing. Those who tell you to HODL are probably the same ones who have already sold of a decent % of their holdings up above 10k now they are looking for a new base to accumulate coins from. There are three basic cycles to every market and they can be seen in just about any chart. They are the Accumulation Phase, Seen in the trading range of about $300-200 marked by black s/r lvls. Another sign of an Accumulation Phase is the sideways and below average volume. Majority of the volume is Whales and small enthusiasts like myself who dont care about price action (atleast at the time) This nearly year long period back in 2015/16 was the latest accumulation Phase. Finally it broke out of its 100 dollar range on MASSIVE VOLUME! Here is an in-depth view of what the Public Phase contains This is when your buddy probably told you about how he heard about some guy who made tons of money in crypto so you and him should think about doing it. This is where many of the timid retail investors start to trickle in slowly at first. Testing the waters and swimming with the new found Bull. But once these timid retail investors start making some money they get very loud quickly and all of a sudden more and more people start funneling in pushing the price higher and higher at greater rates. Until the Whales decide that they are ready for their long awaited pay day and they start selling into the buying madness that has ensued. This will cause ripples in the price as all of the coins which were bought up much much lower are sold for tens of thousands of dollars. This is a new Phase known as the Distribution phase and for obvious reason. here the whales distribute coins to the retail gamblers stopping new ATHs from being hit and soon lower highs and lower lows follow. This results in a sell of and eventually once there is blood in the streets you start buying again even if its your own blood, as a famous Rothschild once said. But how do we know when there is blood in the streets??? Look for the volume to tell you. IF your not a whale learn to whale watch. ANd follow those whales. the largest daily Volume spike in the history of bitcoin was at the bottom in the early days of 2015 below $200 a coin. Wait for a similar volume day before you try to catch this falling knife known as bitcoin.
BITSTAMP:BTCUSDShort
by coltsrule7
2
My main strategy is called 'cycle-trading' a unique concept. My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators! The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading! My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility! One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions. - and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly. - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market! - the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions. And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period! Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best! Like my analyses? don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed. Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
SP:SPXEducation
by Rich_Exclusive_Trading
Yes, might as well jump in here.This market is insane. I have been glued to charts for the last 3 weeks or so. I started this journey scrying US market data on Android trading apps supported by about 5 hours of life experience. With the immense support and guidance of others dropping breadcrumbs all along the way in cryptospace I've in the last few weeks learned to produce and talk about a charts (see image). I've also developed a craving for feedback and community support from those more insightful so someday I can confidently enable others. I am a passionate teacher. What an amazing time we live in. This revolution is an inspiration and already I find myself passionate about making it bigger and better as much as possible. I want to sink my teeth into this thing. Still shooting fast and loose today but we can focus that energy right? I hope this chart means something to you. I hope you help open my eyes into this amazing world. To the Moon. -DLM
by MoodyNH
GBP/JPY British pound vs JPYThought: What if we actually break north? What if price continues to drop? My Overall Bais: Bullish Confluence: 3rd bounce of Daily black TL. Confluence: possible break of the H4 blue TL. Confluence: price laying on 61.8% Confluence: RSI (waiting for Tuesday) Scheduled Trade: No trade Monday: NO Tuesday 3AM EST: TBD based on confirmation check list. Note: Either price fights its way down taps the Red M.A., and gives us a launching pad for the rally ride north. Follow Instagram: WallstreetJon
Long
by BlueNoteFx
DAX filled area of low volume,Now its return of the bears.Step by step analysis provided in the chart. Following the high made in April 2015 to the low made in February 2016 there appeared to be an area of low volume, which now has successfully been filled up to the 61.8% retracement level. Back testing this idex shows its sensitivity towards this '61.8' level. To make things more convincing, this level is also lining up with a weekly breaker. To minimize risk and maximize R:R, stops will be placed above last weeks high at 10803. Should the up-coming week not break the high, this will also form a PO3 giving the short even more confluence.
TVC:DEU40Short
by HarryHadgeHutchison
GChf - Elliot Wave // Harmonic Pattern // Study & Trade Have published sell trade on this pair already which is attached with this idea. However, wanted to make detailed price action explanation on this trade. Look how price behavior can be interpreted & anticipated ahead of times. Enough one have enough knowledge & practice then we can predict the price movement for certain degree. Now I know many wont subscribe to price prediction ideas, but for me it is possible. This trade may fail or succeed but this makes a great study material & that too live example. =) Sell Reasons~ 1] Completion of 5th wave & subsequent formation of A-B wave now anticipating completion of wave C 2] Trend Line break & retest Buy Reasons ~ 1] Completion of ABC wave of 5th wave 2] AB=CD 3] Bat pattern 4] 1.5100 BRN
by FxSaint
USD/TRY D1 Perspective I had a request from a friend to analyze USD/TRY: On daily perspective I saw a nice classical Elliot Wave with double zigzag till point E correction waves. Before starting the analyze I want you to eliminate the harmonic pattern that I draw there; First we start with trends and the potential of opening trade. PA (Price Action) creates trend and trends give us opportunity to open a position trade by its steep. On S2 line we had 2 potential of Buy and why we do not Sell on R1.2 is because of its upward steep and we will never Sell on upward trend and never do amateurish scalping and we do not close our deal until either S2 breaks or we see a PA TP Signal which we had it on the top and Also a good Sell Signal at the same time. Remember as a good trader how we open Sell Position is not when ever we see double top just sell on it. Even though we have seen a bearish PA on the top we still should wait ti S 1.1 trend to break and then we can open Sell position with SL of above R 1 + Spread. Since price follows our expectation we will sell any time if price touches the R1.1 with SL of above it. (Remember you must first observe that does the price are going to touch and pull back or it will breaks the trend. You never Sell if your trend is broke out. You follow the price till you reach the Future Expected Price A (FEPA) and if price does not change direction; you will follow the same strategy till you reach FEPB. (If R 1.1 dose not break). Since we have S 2 Trend line seems to be stronger than R1.1 you also can expect an uptrend around that area. If we see S 2 Breaks R 1.1 we get ready to see a harmonic pattern in future. Our expected Patterns and Elliot are not our signal, it's just a map and idea that we can look at them some time. We trade based on your best friend (trend) and PA. Any time if the harmonic pattern is completed you can expect for a bullish movement. Remember you will close all the sell position if R 1.1 breaks and will not open any position till you reach on 1 safe trend. Hold is also an option. FEP are found by Orbits strategy that I have explained in many of my previous perspective. If you are new to it please read my previous analysis and if still you have problem with it feel free and email me at farsi.masoud@gmail.com
by mspdash
1
Technical Analysis for beginners - Part 2In continuation of my earlier blog on Technical Analysis For Beginners (link attached below), today I want to pen down important detail on indicator, specially MOVING AVERAGE's (MA's) . Many many traders use different type of moving average in their trading strategy which makes it more important indicator compared to other indicators. Many people ask or doubt whether or not indicators work ? & specially moving averages ? Answer to that question is sometimes it works & sometimes it wont work. Now its upto trader to find out when it will work & when it will not. One way of finding that is by trail & error. I never use same MA's on my every screen on every pair. I run different setups with different numbers in MA to fit the price. MA should be dynamically fitted into price, when that happens we can establish whether here it will work or not ? (please refer the picture attached for clear understanding). From the picture above you can see how I have managed to fit the MA in proximity of price in such as way that it provides support & resistance to price dynamically. Dont bother which MA or what period is used, because the truth is next time it wont fit in as clearly as it does now. The important thing here is trail & error, the only way to find the dynamically fitting MA. So secret technique I use is, I start with 25 period SMA & then 30 period SMA then 50 period SMA then 50 period EMA then 100 period SMA on low in uptrend & high on downtrend, so on so forth with different numbers till I feel it dynamically supports or resists price from moving. So next time, be the little researcher yourself when you think of making use of MA & dont settle for famous 100/200 period SMA or EMA. Instead try to experiment & play with different period & different kind of MA & see how it fits into price of different pairs. Hope this information will help you & thank you for taking time to read this long. Happy trading. Cheers!
by FxSaint