Tradinglifestyle
NZD/USD - advanced technical analysis - 09.07hello, I would like to keep things as simple and clear as possible without too many stories!
blue zone = demand zone - from where I expect it to grow or at least to have a reaction
purple area - supply area - from where I expect the price to decrease or at least to have a reaction
liquidation point = for the order flow to be respected, the price must take over that point
protected point = if the price touches that point, it is possible to see a trend change
liquidity = the price will take that liquidity (do not transact there)
MARKET STRUCTURE at the finest level
AUD/USD - advanced technical analysis - 09.07hello, I would like to keep things as simple and clear as possible without too many stories!
blue zone = demand zone - from where I expect it to grow or at least to have a reaction
purple area - supply area - from where I expect the price to decrease or at least to have a reaction
liquidation point = for the order flow to be respected, the price must take over that point
protected point = if the price touches that point, it is possible to see a trend change
liquidity = the price will take that liquidity (do not transact there)
MARKET STRUCTURE at the finest level
XAU/USD - advanced technical analysis - 09.07hello, I would like to keep things as simple and clear as possible without too many stories!
blue zone = demand zone - from where I expect it to grow or at least to have a reaction
purple area - supply area - from where I expect the price to decrease or at least to have a reaction
liquidation point = for the order flow to be respected, the price must take over that point
protected point = if the price touches that point, it is possible to see a trend change
liquidity = the price will take that liquidity (do not transact there)
MARKET STRUCTURE at the finest level
USD/JPY - advanced technical analysis - 09.07hello, I would like to keep things as simple and clear as possible without too many stories!
blue zone = demand zone - from where I expect it to grow or at least to have a reaction
purple area - supply area - from where I expect the price to decrease or at least to have a reaction
liquidation point = for the order flow to be respected, the price must take over that point
protected point = if the price touches that point, it is possible to see a trend change
liquidity = the price will take that liquidity (do not transact there)
MARKET STRUCTURE at the finest level
AUD/CAD - advanced technical analysis - 09.07hello, I would like to keep things as simple and clear as possible without too many stories!
blue zone = demand zone - from where I expect it to grow or at least to have a reaction
purple area - supply area - from where I expect the price to decrease or at least to have a reaction
liquidation point = for the order flow to be respected, the price must take over that point
protected point = if the price touches that point, it is possible to see a trend change
liquidity = the price will take that liquidity (do not transact there)
MARKET STRUCTURE at the finest level
USD/CAD - advanced technical analysis - 09.07hello, I would like to keep things as simple and clear as possible without too many stories!
blue zone = demand zone - from where I expect it to grow or at least to have a reaction
purple area - supply area - from where I expect the price to decrease or at least to have a reaction
liquidation point = for the order flow to be respected, the price must take over that point
protected point = if the price touches that point, it is possible to see a trend change
liquidity = the price will take that liquidity (do not transact there)
MARKET STRUCTURE at the finest level
XAUUSD gold is trending.. lower,, there is some volume building upward.. still some resistance are strong.. price can decline.or trend higher..
major volume move to down side..i put some levels below price will react those level give you nice intraday trading entry 10-15pip, profit targets orderflow ..
When The market MOVES YOU MOVE WITH IT!Price does this thing I call Sniper Open.
It will throw a Judas Swing and shoot for liquidity like a bat out of the fires of hades :)
This happens everyday in the forex Market.
Price has a strict routine it adheres to and it rarely deviates from this.
The key to trading Forex is to anticipate these moves by trapping price at areas of structure it has been before in previous price action. Not to PREDICT.
Price has a mind of its own. Add millions of buyers and sellers, Fundamental, technical analysis MINDSET ... and you begin to dive into the network of FOREX.
You cannot force the market to do anything but when you get in sync with this dynamic machine you can actually trade with the software aka big money.
Time over Price is STRUCTURE. Areas of liquidity reside above the body of the candle up to the wick. Zone these areas and you will SOLID building blocks to formulate you trading strategy for that day.
(11:15pm-2am Set Ups Begin)
Prudence (to recognize limitations) dictates exiting a winning position long before the highs. Your range of perception is smaller then you think and you're part of a system that has many inputs that you can not see.
Never over leverage.
Trust your trade set up.
3-5 Pip Threshold. Never Over Leverage.
Have fun.
I AM PRo Trading Made Simple.
Bulls EYE!I call this the Mount Everest Trade. The narrative goes like this:
There's an elusive move called the Judas Swing that happens in the Morning Zone or right before London Open.
Catch this move and you caught your trade of the day.
10 PIP Threshold aka SL.
The software aka price isn't programmed to come hit that.
Without a narrative to your trade you are blind trading.
Price + Time produce structure.
Now let's see if price follows the script!
Never Over Leverage.
Trust Your Trade Set Up.
Have fun!
I AM Pro Trading Made Simple
THE HOLY GRAIL BITCOIN MASTER CHARTThis is a simplified chart analysis of the BREAKDOWN of Bitcoin.
Trading Is Made Simple when you break down Price from TOP DOWN.
There is Genius in simplicity.
Price has Gone UP.
Price has Gone DOWN.
Price has just consolidated for 4 weeks.
If you apply your Descending Triangle defense to this Weekly Chart you will see with your own eyes BITCOIN is shorting as she consolidated for the last 4 weeks.
Bitcoin sold off from this level before and established the 25k TA Level.
She's setting up to SMASH that TA NOW>
I see the FALL of Bitcoin Next week or the week after next.
These are very exciting times in the Trading Space!
As always NEVER Over Leverage.
trust your Trade Set Up.
have Fun.
#TradingMadeSimple
GBP/USD Good Buy Or God Sell?Currently GBP/USD has been following a wave pattern. This could be a potential break of the structure. This is going to go either 2 ways. Number 1: It could continue on a downtrend and go down in waves to where the initial waves started around 1.37751, OR it could possibly go for a fourth rejection to about 1.39915 to the top of the initial wave.
Let me know what you think!
Binance Coin $BNBUSDT flag formation then PT 900 and higher Why Binance Coin Hit All-Time High (and $86B Valuation) Ahead of Coinbase Listing
It's not equity, it's an exchange token. But it sure is mooning, apparently linked to the recent success of Binance Smart Chain.
Why wait for the Coinbase listing of its shares on the Nasdaq? There’s already a way – in cryptocurrency markets – to bet on the world’s biggest cryptocurrency exchange.
It’s a digital token linked to the success of Binance, which boasts a higher spot trading volume than Coinbase, according to the data site CoinGecko. The token, binance coin (BNB), has surged 14-fold in price this year, for a market value of $86 billion.
Some cryptocurrency investors see BNB as a way to get excess return over a simple purchase of bitcoin (BTC, +5.07%), whose doubling in price this year looks almost paltry by comparison, Joshua Frank, co-founder and CEO of crypto data firm The TIE, told CoinDesk in an interview.
“Funds can’t just buy bitcoin, because if the funds just buy bitcoin, it’s not worth it for their investors,” Frank said. Binance coin “is one of those larger coins that they can get exposure to, and they can put a large position in.”
Binance press officials said they didn’t know why BNB has rallied so dramatically this year. The token’s price “is not something that can be controlled,” according to a spokesperson.
But cryptocurrency analysts said that Binance’s recent business moves, including launching a blockchain network to compete with Ethereum for a share of the decentralized finance market, known as DeFi, have helped to boost the BNB token’s prospects.
Unlike Coinbase’s soon-to-be-issued shares, BNB tokens confer no equity ownership rights. Binance is a closely-held firm, still led by its founder, Changpeng Zhao, often referred to by his initials, CZ.
Instead, BNB is considered an “exchange token.” It can be used to pay fees on various Binance trading platforms, sometimes entitling the payers to discounts, or even as a currency on blockchain networks sponsored by the exchange. Investors in the token are essentially betting on its supply and demand, which effectively translates to a bet on the success of the Binance ecosystem.
The rise of Binance Smart Chain
Binance Smart Chain (BSC), a less decentralized public blockchain that’s considered a competitor with the Ethereum blockchain, has been quite successful. With transaction fees that are about 35 times cheaper, BSC has overtaken Ethereum in the first three months of 2021 for daily unique active wallets, according to DappRadar’s 2021 Q1 overview report on April 1.
In March, the total value locked in Venus, the top decentralized money-market protocol on BSC, surpassed that of some of the most popular DeFi projects on Ethereum, including Uniswap and Compound, DappRadar wrote in its report, citing data from Defistation.
The huge success of Binance Smart Chain has played a significant role in BNB’s rapid growing value. As a “discount token,” BNB offers discounts for trading on both Binance’s decentralized exchange (Binance DEX) and Binance, according to Nick Mancini, research analyst at Trade The Chain.
The TIE’s Frank told CoinDesk that many crypto-native hedge funds have recognized BSC as a “much cheaper and more effective way” to access DeFi than stomaching Ethereum’s transaction fees, known as “gas,” where rates have soared due to network congestion.
BNB is used as gas to pay for DeFi deployment to BSC.
Mancini speculated that BNB’s market capitalization might eventually overtake that of ether (ETH, +6.42%), the Ethereum blockchain network’s native cryptocurrency. Ether prices have tripled this year, to a market value just over $260 billion.
“If BNB and ether continue to grow at the same rate, BNB will flip ether within the next two to four months,” Mancini said.
“Alt Season”
It can’t be overstated that BNB’s price surge has come during “alt season” – a stretch of time where crypto traders have bid up so-called altcoins, ostensibly due to a lull in bitcoin’s rally.
This is evidenced by recent drop in bitcoin’s share of all cryptocurrencies’ value, known as the market dominance ratio, to a two-year low.
Crypto hedge funds trying to beat the market may also have been forced to invest in altcoins like BNB.
Fund managers typically impose a “2 and 20” annual fee structure, meaning a 2% management fee of a fund’s net asset value and a 20% performance fee. Since there are so many ways for investors to hold bitcoin at low cost, crypto hedge funds have to come up with “unique ways” of beating the largest cryptocurrency’s returns for less costly fees, Frank said.
“Funds can’t just buy bitcoin because if the funds just buy bitcoin, it’s not worth it for their investors,” Frank said. “Funds have to go out and deploy so much capital, and binance coin is one of those larger coins that they can get exposure to and they can put a large position in.”
Coinbase direct listing’s spillover
The Coinbase stock listing might be another potential driver of BNB’s gains.
While Binance’s CZ has told CoinDesk that the company does not plan to go public, the token ecosystem might be benefiting from speculation over Coinbase’s value.
NZD/CAD Trade idea NZD/CAD has seen a major move to the downside to our weekly zone due to the weakness in the NZD and the significant strength in the CAD, what we will be waiting for now is an impulse move back to our lower timeframe area of support which now will be resistance to catch another move back to our weekly zone.
The Power of double confirmation Double confirmation can be used on multiple timeframes and is a very powerful rule to add to your trading. instead of buying at an impulse move created by limit orders you are simply going to wait for price to come back and wait for a bullish candlestick formation, that can be a significant pin bar or bullish engulfing candle. this rule requires some patience but is very profitable and you will lose less trades too, i hope this post helps to to becoming more profitable!
USDCHF H4 - LONGStrong breakout of previous resistance, now turned support. It seems that prices are rallying due to the huge movement from US DOLLAR. If we get a pullback, we could take a BUY position.
Be patient, do NOT chase the market nor buy when it is rallying. A strong move usually consolidates after awhile, or retraces for a better entry!