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Wave Analysis

ETHUSD Weekly Overview 3/26ETHUSD WEEKLY OVERVIEW 3/21 - 3/26 In this video I go over my personal perspective on the opportunities Ethereum presented throughout this week. There were 2 amazing entries that were presented totaling over 350+ points! The first setup averages around 250 points and the second was around 100 points. My first entry was at the 1780 key level and the second was around the 1700 whole level. The entry was also given extra confirmation based off the Fibonacci key levels. My initial targets were fibonacci extensions leading all the way towards the -618, around the 1550 price point. There are times where price presented hundreds of points and then pulled back before continuing the overall trend. It is important to always secure some type of profits on a trade when you are significantly ahead. Never leave any money on the table or turn a winning trade into a losing trade. Even if your entry gets stopped out, continue working that zone over and over until the analysis invalidates itself. The level must prove that it is valid before having real confirmation that it may continue. My style of trading uses Market Structure, Price Action, Fibonacci, Wave Sequences, Moving Averages , and a mixture of Multi Time Frame Confluence . Most importantly the visual realization of emotions cycled into the chart. As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below. Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together, the more informative these ideas become for newer traders. STAY PATIENT & STAY BLESSED! ~T$
BITFINEX:ETHUSDEducation
by OkayTrev
BTCUSD Weekly Overview 3/26BTCUSD WEEKLY OVERVIEW 3/21 - 3/26 In this video I go over my personal perspective on the opportunities Bitcoin presented during this week. This week there were 2 possible entries that were presented totaling over 7500 pips! The first setup average around 5000pips and the second was around 2500pips. My initial target was my -13 extension level around 52k. There are times where price presented several thousands of pips and then would pullback before continuing the overall trend. It is important to always secure some type of profits on a trade when you are significantly ahead. Never leave any money on the table or turn a winning trade into a losing trade. Even if your entry gets stopped out, then continue working that zone over and over until the analysis invalidates itself. The level must prove that it is valid before having real confirmation that it may continue. I ran into this same example around my first entry at 57K and then again later after the continuation of the first sequence. Even though my first target was 52k price made a lower move into 49K! This is huge for the continuation back up higher into the 60K+ range, or even back lower into a deeper retrace. Whatever price decides to do I will remain patient and let the story unfold for me. We always REACT NOT PREDICT!!! My style of trading uses Market Structure, Price Action, Fibonacci, Wave Sequences and Moving Averages . Most importantly the visual realization of emotions cycled in the chart. As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below. Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together, the more informative these ideas become for newer traders. STAY PATIENT & BE BLESSED! ~T$
BITFINEX:BTCUSDEducation
by OkayTrev
1
HOW-TO: What happens after a completed Elliott 5 Wave sequenceIn this "How To" video, we take a look at typically what happens after a completed Elliott 5 Wave sequence, using the MTP Elliott Wave Script. First, we must stress that finding the end of an Elliott Wave 5 sequence is inherently dangerous, because a Wave 5 is the "end of a trend", so very often overruns. So, the only time we would ever consider trying to pick the end of a Wave 5 is when there are other reasons for a possible trend reversal, for example higher time frame support / resistance. This is what we demonstrated in this example, where the market was also at Daily (higher time frame) Decision Point (using the MTP DP Script), resistance. There was also divergence in the MTP Trend oscillator (not shown specifically in the video), thus showing weakness was entering the market. As such, this should really only be used by the more experienced Advanced Traders, who have more experience with Analysing the markets. Remember, no matter how good a setup "may" look at the time, markets can, and will, go in the opposite direction, so losses can and will unfold. That is why is is vital that Stops are in the market and any inevitable losses are kept small. Having sad that, once the Wave 5 is complete (and this is the purpose of this "How-To" Video), the market then tends to retrace to the Decision Point (using the MTP DP Script), from the prior Wave 4 swing. I.e., this is the "initial target" following the completion of the Wave 5 Swing. Then, "if" the initial DP is exceed (as in this example), the next target would then be the Decision Point (using the MTP DP Script), from the start of the 5 wave sequence. I.e. the market then retraces the whole of the prior 5 wave sequence. I hope this has been helpful, and shown how the more experienced Traders among you could develop your own trade setup in and around this. For example, trading off the MTP coloured reversal bar (using the MTP Analysis Script), at the Wave 5 high (which is also at higher time frame DP), with an "initial target" of the DP from the prior Wave 4. We have not shown this in this video as we wanted to keep things simple and just show the "typical" tendency of what happens after a completed 5 wave sequence. Please note: this is not a trade recommendation, you should all perform your own Analysis. Losses can and will unfold when Trading, please always use Stops and keep your losses small.
Education
by MTPredictor
1
Bitcoin 57k-53k Sell BreakdownBitcoin 57k-53k Sell Breakdown In this video I go over my personal overview on the move BTC made from around 57125-53300. The video is broken down into 2 parts! First me showing my full markup of everything pieced together. The second half is a breakdown from scratch of how I put the pieces together. Market structure was a little bit shaky as the buyers are trying to hold control but the story is able to be identified from the 4HR TF and below. Especially on the 15min price action gave all the answers to the test to see the sell. Patience is key and always pays. I utilize the Fibonacci and Elliot Wave Sequences to provide a different perspective on the sell. Giving more confirmations to follow the price action. Market structure is King & Price Action is Queen . As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below. Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together, the more informative these ideas become for newer traders. STAY BLESSED! ~T$
BITSTAMP:BTCUSDEducation
by OkayTrev
Etherum 1780-1660 Sell BreakdownEtherum 1780-1660 Sell Breakdown In this video i go over my personal overview of the sell setup that Etherum made from 1780 down towards the 1660 area. From the 4HR TimeFrame price action was telling the story that lined up beautifully for the continuation towards the down side. From the lower time frames the buyers were attempting to hold the support levels but failed to continue the trend once it made its way above the 50EMA. I utilize the Fibonacci and Elliot Wave Sequences to provide a different perspective on the sell. Giving more confirmations to follow the price action. As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below. Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together, the more informative these ideas become for newer traders. STAY BLESSED! ~T$
Education
by OkayTrev
Why trading with Pine script can give you an extra month a year!I've spent around 9/10 years trading with technical analysis. I used to spend 2/3 hours on a weekend and easily 1/2 hours each day on the screen - that doesn't include the amount of times I'd be checking from my phones on and off throughout the day too! So add that all up - its 620-700 hours per year. Frightening. We trade for freedom and time - not to spend that time looking at a chart. Well, in my opinion anyway. A month is 720 hours - so pretty much an extra month a year. Crazy right? Fed up, I created a systematic approach. This video highlights how my systematic strategy works vs. how you would see the markets technically on the last GJ sell. Pinescript makes all this easier too, I have data at the click of a button! Any questions feel free to drop me a DM. Thank you, Darren.
Education
by pow_removetheguesswork
8
HOW-TO Catch the Elliott Wave 3 swingIn this help Tutorial, we take a look at using the MTPredictor Advanced trade setups script to catch the Elliott Wave 3 swing. To catch the Elliott Wave 3 swing, we need to be able to identify the end of the Wave 2 swing. In Elliott Wave Terms, the Wave 2 is the initial correction after the initial swing off an important high or low . The Wave 2 also normally sub divides into a minor 3 swing (abc) pattern. In MTPredictor we use our isolation approach to Elliott Wave Analysis, because we believe that markets are random about 50% of the time, so we only look to use Elliott Wave when the patterns are clear. And for this we look to start our Elliott Wave sequence at higher time frame Decision Pont (DP) support or resistance. We then look for the initial move from this important high or low. After that we then look for the initial correction, to the initial move, that subdivides into a minor 3 swing, abc pattern. This is then the end of the Elliott Wave 2, and as such is a good place to look to enter a new Trade. We then look for a Wave 3 swing to unfold. As a Profit target for this swing we use our MTPredictor WPT (Wave Price Target) zones, which are Fib Clusters, of where the Wave 3 is most likely to end. Please remember that losses can and will always unfold, that is why we suggest using Position Sizing to enter the Trade, this keeps the inevitable losses (there will be losses with any trading approach) small at just -1R. Because the Wave 3 swing is usually the strongest and longest in a completed 5 wave sequence the Profit at the Typical Wave 3 WPT zone is usually large, not in just $’s but (more importantly) in Risk/Reward units. I hope this Tutorial has helped show our approach and what to look for to uncover the end of the Elliott Wave 2 swing, to then be able to capture the Elliott Wave 3 swing. Please note: this is not a trade recommendation, you should all perform your own Analysis. Losses can and will unfold when Trading, please always use Stops and keep your losses small.
Education
by MTPredictor
Margin Short Like a Professional Using Phoenix - Part 2Hi Everyone! This is ONLY a BRIEF example how we would use Phoenix to perform a BRIEF short with low leverage DURING a period of UPWARD pressure. If you are emotionally attached to the amount you are betting in your margin short position, you are betting too much! Why? It will be hard to FOCUS on Phoenix and TRUST your analysis; which can result in bad decisions inspired by emotions. If using cross leverage, make certain you have a stop loss in place. I prefer standard leverage with an amount I'm comfortable losing if my analysis is wrong and my position (amount of bet with standard leverage) is liquidated. KNOW your trend: If you see upward pressure in higher group of time frames, you know the amount of time your short position will be OPEN will LIKELY be for a short period of time. Maybe you are better off waiting for the dip to complete and reverse to upward pressure to open a margin long position instead. If your trend in higher group of time frames is upward pressure while considering a short position, make sure to use very low leverage (2x, 3x or no more than 5x). I prefer 3x If your trend appears as though it's on the verge of a reversal to sustained downward pressure, you can consider 5x to 10x leverage. However, I would want to see CONFIRMATION. Such as the White Energy in the 3-Day time frame has CLOSED below level 50. When the Red RSI is approaching level 50 in a higher time frame (3h in my scenario) than the lower time frames I used to open the position (23min. 45min. and 90min.), we know the Red RSI falling below level 50 will TRIGGER a race of downward pressure. The race would be the White Energy in the 3h against the Red RSI in the 6h. HOWEVER, do NOT be distracted by that race. You know your short position will be open only for a short period of time (in my scenario). You will watch the scalping group of time frames to determine when you will close your short position and avoid being tempted by greed to keep your short position open longer. More tips later at another time in the future.
BITSTAMP:BTCUSDEducation
by WyckoffMode
37
What is The FAMOUS SETUP? Xmass GIFT for Everyone Today I'm going to share with you one of the most powerful Trading Pattern I've found and traded since 2012. How to Predict Tomorrows Wave 5 10 Hours in Advance and Trade it with 80% Win rate? We have a topic in our AIMS Forum dated Feb 13, 2012. Still running and still valid. and hopefully will continue to work for the years to come. This video explains what is The Famous Setup and How to Take it. Famous setup is based on the concept that >>> Wave 3's of H1 time frame usually last between 2-3 days followed by 1 day sometimes 2 days Wave 4 and then 1-2 days Wave 5. What we do is when we see a strong move on a pair (today) we expect it to go sideways during Asian session. We want to see it creating pancake tight sideways horizontal flat aims boxes. (A tight Range) >>> and then we catch the 5th of wave 3 of h1. Our preferred way is to go to m15 and find a S1 (a breakout Setup into Wave 5) but we can also simply trade the h1 level at LO on H1 time frame. Entry checklist: - W3 on H1 from previous days London/US sessions; - W3 has not shown divergence, interweave divergence (as 5 of 3 may be done); - Flat/sideways Asian session, shown by M15 sleeping alligator, close to ZL, or by very small H1 AIMS box; - W3 has not retraced back to the zero line, although this may give a genuine S1 into W5. - Entry on break of M15 level with opposite M15 level as stop-loss; - Entry can also be taken on H1 level using H1 chart.
Education
by iTradeAIMS
3
What About Those Price Targets After a PullBack?Taking my Last Educational video here on TradingView to the Next Level. Firstly reminding traders of how to measure pullbacks against the main trend with Fibonacci Retracements. Then new for this week, how to use the Fibonacci Extension Tool to define that high probability Price Target zone, after a measured pullback. Using FISV stock as an example but the same strategy can be used with the same success on all instruments. In fact!! As your homework, lets see some chart images in the comments below with your pullback measurements and projected target measurements on lots of different instruments.....
FEducation
by PBratbyOfficial
1
How to Identify & Utilize Market Strucutre In this video I go over how to identify what Market Structure you are in. Also how to utilize that structure to continue trading with the trend. I use the pair EURGBP to go over a bearish market with a deep retrace, later continuing into a down trend. As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below. Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together, the more informative these ideas become for newer traders. STAY BLESSED! ~ T$
Education
by OkayTrev