initmx

initmx Updated  May 18, 2023

BYBIT:BTCUSDT.P BYBIT:ANTUSDT.P BYBIT:BTCUSD.P symmetrical setups: long the breakout, shot the breakdown trades as provided for a long: breakout retest resistance flips support for a short: clear breakdown of the triangle horizontal support flips resistance((retest) start making lower lows NB: short is highly unlikely(failsafe trade) the chart is...

initmx Updated  May 8, 2023

For a short here, I'm looking for breakdown of the trend line and a horizontal supports. First support is around the pink area, if it doesn't hold, I'll look for a breakdown if the trend line. The final step is a break of the horizontal support (orange line and then a retest finally. Consulting the EWT theory, I can count 5 waves clearly, and can see the...

initmx May 8, 2023

FX:EURGBP entry triggers: triple support Descending triangle clear wave count (1-5, A-C) entry: .87134 - .87229 sl: .868840 tp 1: .87633 tp 2: .87941 tp 3: .88190 tp 4: .88439 tp 5: .88794 tp 6: .89246 NB: Breaking below the pink box invalidates this trade. Trade safe and with due diligence!!!

initmx Updated  May 6, 2023

trade plan for bnx, so risky. have 2 setups. limit orders ready for the two indicated setups. Already riding the first entry tps, entries, sls all as in the chart entry triggers: 5 waves in parallel channels(a-e) triple horizontal support(for trade 1) clear count for 1-5

initmx Updated  May 6, 2023

entry triggers: triple resistance retest of resistance clear wave count (1-5, A-E, 1-5) entry: 1.36382 - 1.36661 sl: 1.37017 tp 1: 1.35912 tp 2: 1.35623 tp 3: 1.35389 tp 4: 1.35155 tp 5: 1.34822 tp 6: 1.34398 Trade safe and with due diligence!!!

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initmx Updated  May 2, 2023

this is a short analysis, tried recording it to explain my trade plan. The idea is to enter upon breaking the upper channel for a long. The tps are fib levels, all the way up to the orange box. SL is 0, fib level. All levels, tps, sl, entry are in reference to the fib entry triggers: 5 waves in a parallel channel(a-e) break out and retest clear...

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initmx Updated  May 1, 2023

here is my plan for agldusdt. watch the full video to understand my reason and thought process. entry triggers: 5 waves in (1-5, hence abc correction is expected) breakdown and retest abc correction ((shorting c) entry: mkt sl: 0.533 tp: .236, .382, .5, .618, .786, 1 (fib levels) lev: 10x and below

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initmx Updated  May 1, 2023

here is my thought process for cocousdt and the possible trades. entry triggers: channels/wedges(asc/rising) resistance flipped support 1-5 in channels desc triangle/ symmetrical triangle with 5 waves(a-e) break out entry: mkt sl: 1.799 tp: .382, .5, .618, .786, 1 (fib levels) lev: 10x NB: there is a possibility for shorting, I'll...

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initmx Updated  May 1, 2023

Looking at BOBAUSDT, the 4H shows an interesting breakdown of the support. I'm looking for a short around the same horizontal support, marked in the video, to me this is simply a retest and the support will flip to resistance, a huge dump is loading if that's the case. Ellie if we go beyond and the support holds, I've indicated other points of interests to look...

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initmx Updated  Apr 28, 2023

here is my antusdt trading plan. if you're interested in how and why I decided to take this long watch the full video, otherwise here is a summary of it. entry triggers: break out (both trend line and horizontal support) retest (both support and trend line) clear wave counts on multiple time frames falling wedges entry: mkt sl: 3.235 tp: ...

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initmx Updated  Apr 27, 2023

here is my long idea for matic. entry triggers : falling wedge 5 waves break out and retest entry: 0.974 sl: 0.9484 tps: 1.0121, 1.0286, 1.0451 lev: 10x trade safe and with due diligence!

initmx Apr 25, 2023

The support had multiple touches before it was broken. Two possibilities here, if This be ABC correction, the we got a complete wave count and we are ready to continue our move upwards. Else if its 1-5, will wait for the completion of the whole structure, right now got all waves done, but the 5th. Would love to see price at the pink box before taking a scalp...

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initmx Apr 24, 2023

entry triggers: clear count of the motive 1-5 endin diagonal (1-5) breakdown and retest (descending triangle) abc forming(clear a and what could be wave b) all given points are in relation to the fib on the chart entry: .236 - .5 sl: 0 tp: .618, .786, 1 Can scalp levels as we go down. Trade wisely and with due diligence!

initmx Sep 26, 2022

Critical point in the usd history. 5 clear waves (1-5). Still waiting for sub waves confirmation of the final. The next few years should play the correction. xau already has a rigid reversal structure forming, lots of long opportunities coming up. Probably the long await relief for bulls. The dollar has been strong for some time, time to turn the tables around,...

initmx Sep 9, 2022

entry triggers: wave a-e complete, breakout, retest, motive wave bias: long take profit: as indicated entry: mkt price sl: -- Good for scalpers. No sl is given as I actively monitor my trades, unless the bias is broken. A correction with waves a-e is done. Instinctively the next move will be to find out where the motive 1-5 will terminate. Given that wave 1-4...

initmx Jul 23, 2022

entry triggers: - Motive 1-5 - volume expansion - bearish rsi - breakdown - abc developing entry: red box sl: 6.449 lev: 10x and below tp 1: 6.127 tp 2: 6.057 tp 3: 6.001 tp 4: 5.944 tp 5: 5.863 tp 6: 5.761 Trade safe and due diligence is advised as always! Analysis The reason...

initmx Jun 30, 2022

The motive 1-5 has played out. The correction is in process. Wave A and B are done. I’ve a short position open, actively scalping C. I’m expecting it to terminate around the greenline at minimum. I’m also seeing an inverse head and shoulder, which will likely dip till the termination of wave 1. I cant give clear entry points at the moment. This setup is ideal...

initmx Updated  Jun 28, 2022

entry triggers: - wedges - volume expansion - bearish rsi - breakdown - 5 waves up entry: 1.669 - 1.638 sl: 1.688 lev: 10 x and below tp 1: 1.616 tp 2: 1.602 tp 3: 1.591 tp 4: 1.580 tp 5: 1.564 tp 6: 1.544 Trade safe and due diligence is advised as always! Triple resistance, pa in channels with a wave count of 5...