DECISION Point for NZD/CHFOn the chart I've outlined significant support and resistance zones for NZD/CHF. A break of the resistance will signal a strong bullish movement, and a break of support will signal strong bearish movement. With my trading strategy, I will wait for a break, retest, and then I'll enter. Remember to set SL & TP. Risk Management is SO IMPORTANT!!! With using PROPER risk management you play this game with probabilities in your favor. Don't trade with emotion, but be true to your rules.
I usually set my SL at a 30pip loss and my TP for 50pip profit.
Don't be biased, just follow the market! Like I said this is a game of probabilities. Stay true to your rules and it will go well for you!
Winningtrades
GBPJPY 2/10/2019Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH?
So SM must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM.
CHARTS AGENDA:
SM - SMART MONEY
PA - PRICE ACTION
BITCOIN SIGN - MONEY POCKET
ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS
BLUE LINES - ENTRIES WITH SM
MARKED LINES - POTENCIAL ENTRY POINT
BOX - GAP's
GOD BLESS U ALL!
EUR / JPY - 01.07.2019 - WE'RE GOING DOWNHello, and welcome to my analysis.
I've placed entry, stop-loss, and targets for this trade. The price should not go to our Stop-Loss, but everyone makes mistakes sometimes.
Elliott Wave
As of now, we're in the 4th wave which is highly likely to reverse at our entry or earlier. If you want a safe trade and sure profits, the 1st target is the way to go. Unless 5th wave is truncated (doesn't surpass the end of 3rd wave), we're sure to go down.
RSI / MACD
RSI / MACD does not show divergence as of yet, but when we hit our targets, the divergence will show. Our trading methodology is quite deep and unique. If you want to hear more of our technique, place a comment and we'll share everything.
AUD / USD - 01.07.2019 - TIME TO GO LONGHello, and welcome to my analysis.
We will probably go a bit further down that the entry line. This is because the 5th is not finished yet. The price should not go further down than our Stop-Loss, but sometimes we make mistakes too.
The 1st and 2nd are the most realistic targets. We will continue to update you as the price action develops.
GBP/AUD - Fibonacci Retracement - 1HRGBP/AUD on the 1 hour time frame. Lot of buys happened recently on this pair and the Fibonacci Retracement tool is a go to right now. If you don't know how to use it I would time some time to practice. Currently this pair would be a good pair to practice on. Sentiment is overall a strong bullish. Fibonacci buy order at the 38.20% level. If price doesn't hit it than it doesn't. If price does I will be in the trade. I am expecting price to consolidate at this level and then make a move to the upside. The probability of price moving past 50.00% is slim but still possible. Stop loss is set past it and my risk is on the safe side. The decision to set a stop loss is determined by ones risk/reward profile. There are multiple confluences currently present in the market and it seems as if it is an opportunistic trade.
Profit: 51.1 Pips
Stop: 17.0 Pips
Risk/Reward Ratio: 3.01
GBP/AUD - Overall Bullish SentimentThe trend lines depict the overall trading zone. I think GBP/AUD is in the perfect Buy position and that is just my opinion. As traders I also think it's important to build a community of like minded traders. Let's help each other out to success. I think the journey will be much more valuable . Good luck traders and let me know if you think I could do anything better. All is appreciated.
Note: Keep the analysis simple. It'll save you some time and energy . Just starting to realize that. If it doesn't make sense and you are spending too much time and you just feel it then check another pair out until you find something that makes sense. Other than that...
Good luck. Have fun. Take care of your Risk . Reap your Rewards .
Happy Trading Everyone.
EUR/GBP - Daily Consolidation and Possible PlaysIf price action depicts a loss of momentum at the level of major resistance I could be looking for my first possible sell opportunity. Price could break past it and consolidate once more before heading to the downside in what I think will happen. Two sell opportunities could possible happen. The observation to be aware of is some kind of formation at the major resistance level to determine the next move. If price action signals a downside move I.E. bearish engulfing, variation, etc. then it seems reasonable to take a sell position. If price does break below consolidation sell opportunity #2 could play out as well if price retraces back up to monthly key level. Overall this forecast is an ideal vision of possible trade set ups. I would set an alert at these levels to speculate a possible move.
Good luck traders!
Trading Journal #13
- Austin S.
GBP/AUD - Buy Zone GBP/AUD has hit the major resistance level for a second time to the downside and price action shows that theres is consolidation followed by some light bullish action to the upside. Price consolidated in the buy zone and eventually closed above the top level of the buy zone. Market structure depicts a triple bottom. Now looking to see how price plays out at the 38.20% Fib Level. Ideal situation would be a major bullish influence at the 50%. Could buy at the 38.20% level but would have to wait for further confirmation that price will be heading to upside. Price has been rejected strongly at the "Buy Zone" so I think the overall trend will be to upside.
Trading Journal #13
- Austin S.
tZERO Launched, looking good if they can spin out retail.Overstock has a lot going on an is changing business models. Some targets for you guys if things go according to their plan this year.
GBPJPY Bullish TargetsTarget Prices for GBPJPY FX:GBPJPY
Bullish to 145.90 level
Confluence:
Fibonacci 61.8 retrace on 4 hour chart.
Moving Average bullilsh on daily chart
Big Bullish Candlestick from 61.8 retracment level on 4 hour chart.
NOTE: TRADE WHAT YOU SEE , NOT WHAT YOU FEEL . BETTER DAYS AHEAD THAT WAY .
Stay winning , stay wealthy my friends .
DXY - US DOLLAR ABOUT TO GAIN SOME WELL NEEDED STRENGTHWe are looking for the completion of the pattern outlined above. The completion of this patterns should see us start a Weekly Correction of give us another move to the downside. Wait for corrections before looking for another trade entry. If the structure changes a new idea will be published. Until then Look to trade in the direction of US Dollar Stremgth until further notice.
Cheers.
CHF/USD UPDATE (JUST HOLD ON GUYS)So you've essentially been holding this trade for about just over a month.
Don't leave a winning trade to jump into something that appears lucrative.
Which in actuality might not be a successful trade.
We're trying to bank over 600 pips on this guys, we should be near the 1.0200 Region in the next 2 weeks or so.
Don't lose faith, and just remember, you're holding a winning trade, patience is key.
I've added 3 entries on this trade, so I'm seeing this through to end!
I'll update you more on this guys!
Take Care & Be Safe.
$ilver Technical Analysis: Bulli$h Breakout$ilver is trading inside of a symmetric triangle. These triangles are continuation patterns 75% of the time. The triangle should break higher or lower within the next couple of weeks. In addition, an inverse head and shoulders is also in play. My play on this move is TAHO, BCEKF, FSM and HL. LOCKED AND LOADED BABY. FOMC day is next Wednesday at 2:00pm ET. This decision could decided which way $ilver will breakout. I am BULLI$H.
Here is information on symmetric triangles and inverse head and shoulder patterns:
Symmetric triangle: stockcharts.com
Inverse head and shoulder:https://www.investopedia.com/…/i/inverseheadandshoulders.asp
Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 3) ---> +14%Hello all! This is an extension of my previous analyses on wave trading CEXIO:BTCUSD . I'm using:
90-hour Moving Average
Basic Candles Techniques
Current Price and Volume
RSI
To clarify, I am long-term bullish about CEXIO:BTCUSD but am looking to profit off of the waves that we're seeing now. My goal is not to identify the ultimate peak and the ultimate valley, but trade on strong indicators. This method has strongly outperformed the simple buy-and-sell as long as you are able to maintain some composure and trade only once when the MA crosses the price a bunch of times in a short period of time (see yesterday for what I mean).
We've completed the first full-cycle segment of the trade, the summary is posted below:
Segment 1
02/26/2018 - BUY $10,000
03/05/2018 - SELL $11,400
03/11/2018 - BUY $9,750
Beginning ($): $10,000
Ending ($): $11,400
Beginning (BTC): 1.00
Ending (BTC): 1.17
Segment 2
03/11/2018 - BUY $9,750
TBD - SELL TBD
TBD - BUY TBD
Beginning ($): $11,400
Ending ($): TBD
Beginning (BTC): 1.17
Ending (BTC): TBD
ASCENDING BROADENING WEDGE - BULLISH DIVERGENCE! VEN -> 2XWith rebrand coming up in less than two days, VEN is looking incredibly sexy.
VEN is currently in an ascending broadening wedge, looking to test the support line in the next couple days.
The OBV is testing support which has been holding in a solid uptrend. We are also seeing a bullish divergence in the OBV, another buy indicator. A bounce or false breakout is likely at this point.
VEN is looking to 2x by April. It's been one of the few big winners of 2018, and I don't see any reason for it to stop. Look at the target zones. I would still wait to take a position until we see it bounce. Put a stop loss just below the support trend line at your entry point.
Also, let me shill real quick. VEN's fundamentals are amazing.
Put your money where TA and fundamentals agree.