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Bitcoin BEARS still in control - How low will she go?Hello friends, Bitcoin didn’t waste any time confirming my previous analysis. Prices pushed pass $8400 and quickly rose, however the price action was no good and we quickly retested $8400. This does not come as a big surprise as we know the 1week candles still show massive bearish pressure on the market, as well as the confirmation of the longer term down trend line. The bulls did a good job, but as we can clearly see there is more work to be done. The support at $8000 is failing now and at $7800 we will see the newb traders selling their $8400+ bags at a loss on the way down. Remember that the trend is our friend and we will trade accordingly. I thought we had a nice diamond bottom forming and a good chance of a reversal. However my support zones didn’t hold and it shows that the bulls are in for another beating. Support is around $6000 for me on this drop, but I will keep some dry powder for the $4000 – $5000 zones, longer term speaking. Lets be patient and see what the market does. We have a massive bullish divergence on the longer term chart, which will cause a massive price surge to the moon side. This could be anytime from now till April by my best guess. Feel free to come and ask our advice on Discord . Safe trades.
BITFINEX:BTCUSDShort
by saintbitcoin
GODD XAUUSD How Gold Traders stay ahead with aid of DXY chartGold: XAUUSD 1.25% How DXY -0.25% is the gold 1.24% trader's best friend right now So far gold 1.24% has behaved in the bear-mangling mode expected of it since the dollar broke down below key support on DXY -0.25% at 94.26 (right hand chart) but it wasn't too smart to let it go again at 1290. That rally on Friday was vicious for bears - the shape of price action as gold 1.24% turned resistance at 1281 into support shows the market adjusting before gold 1.24% powers 16 points north, a volte-face - which you would have been expecting if you've been experienced enough, wise enough to run the two charts in tandem. If you don't you're dealing with a blindfold over one eye... The pin bars on the one hour chart here show strong rejection at 1296.78 down to current levels at 1293 and a streak of uncontested green...very rare for a space like that to remain uncontested and it should flip back to 1288, and potentially to 1284 before it rallies again. On the other side of the street, we can see that DXY -0.25% is flipping in a range beween 93.99 (the high for the week was exactly 93.99 as forecast, giving a precise point at which to sell gold 1.24% - with stops only triggered in event that DXY -0.25% breaks above 94 and holds, in which case DXY -0.25% is going up and Gold 1.24% is going back down. Just the best duo/tandem trade there is in almost any market anywhere. Use it or lose it. Probably the best companion a gold 1.24% trader can ever have. DXY: Dollar index 0.11% Through all the noise of currency pairs and most commodity markets there is a still, small, much neglected voice that can tell usually show you the bigger picture/helicopter view of all that close combat fighting going on below. Not always, but usually. DXY -0.25% , so far since the breakdown at 94.26, has been very helpful. It's flipping between 94 key resistance and 93.50 key near term support and this is what's causing such grief and whipsaw in the price of gold 1.24% . Right now it's giving mixed near term signals... believe it will break lower still eventually, but the chart is not confirming that here....it's just double bottomed at 93.50...was Ok to bounce here for sure but that was quite a big bounce - pins at top and botttom of move...just near term a little confusing, at least to this writer anyway. But gold 1.24% is toppy -0.73% near term and DXY -0.25% is showing a double bottom near term. If it can rally from here then it should push back up to the 93.99 where it should meet profit takers. (Do same with gold 1.24% shorts at that point). And only if DXY -0.25% can then manage to break above 94 and hold is the tide turning back in favour of Dollar, at which point we look to short gold 1.24% again. And on the other side, if at any point DXY -0.25% breaks 93.50 it enters a zone of uncertainty/whipsaw between 93.50 and 93.35 where positions can sudddenly reverse - like quicksand on a map this zone cannot be trusted - a zone to avoid if possible. However, if at any point DXY -0.25% is driven below 93.5 for more than 2 hours it will become llikely that support is eroding and it should start to fall away quite hard to 92.80-92.62 - and thereby triggering aggressive gold 1.24% longs.
TVC:DXYEducation
by sumastardon
How to start a day of tradingDay trading after the opening of the preparatory work 1, to determine whether the market today is a unilateral or shock - the price in the 3 minute chart 30 minutes the highest price and the lowest price between the region up and down the volatility of the shocks, a breakthrough may occur. 2, judge the midline trend - if the 60 minute chart trend is up, as far as possible from the start; on the contrary, from the short start. Short-term players don't have to stick it, in terms of the unskilled novice straddle thinking conversion reaction not so fast, it is recommended that only along trend chart for 60 minutes to do. 3, the analysis of long and short popularity --- we can change from the volume and position of the popular strength of battle. Put a lot of prices did not fall, may have bottomed out, amplification and its price is rising up, short-term may rise to the first. Rise and fall process requirements are different, the rising process needs continuous uniform volume, Volume 3 minutes K line graph in uniform, indicating that the rally will continue, if there is a substantial reduction or a very large amount, up may come to an end. Fall is different, as long as the next break down some of the key positions when the volume, the downward trend will continue. Prices rose to a certain price is up, positions has been increased, trading pending the price than a low that prices are likely to fall. Masukura stagflation, short selling is a very good opportunity, or Masukura lag down, easy to rebound. 4. Look for key points -- draw a diagram of pressure, support, the trend line and other such as FIB retracement withdrawal line, the price reached or break through the key points to take prompt action.
Long
by Daniel_Wu
HOW TO TRADE A SESSION START?What to expect before Major Session kicks in (Session start) This is probably the most common type of trading - "Start session breakout" But, as you can see, what also is very common - whipsaws are so common, and due to lack of money management, the beginning of the session can be very disturbing, and it also can be the end of trading for a current day or even end of trading career for some. It all happens because of over expectation and lack of understanding of what to expect. Ok so 3 major things to know before the session opens, (I would consider GB and US opening and European closure) Where the price is relatively to levels. Are there any news coming out within 1 - 1,5 hours What is a trend direction? Normally when big markets are opening, it gives the impulse to price movements. The exception is when the news are coming out right after the market opening, in this case the volume will flood the market during or after the news. So nothing special will happen with the market. Breakout entry - is something what traders are mostly interested in, as the easiest approAch that can give some good returns, but if the price is in a tight range, here's what traders must know: in 90% of situations, thee most volume will be on the opposite side of the breakout, meaning that stops on the opposite side will be triggered first, before the price will break towards the original direction. The price position in a relation to trend will help to deicide the direction of the set up. Always think from both sides, and remember, that if You had a bn to trade with, you would never buy when the price is high, and sell when the price is low!. Dedicated to your better mornings!!!
by Marenno
3
HOW NOT TO GET A MARGIN CALL?HA-HA, I think I can hear what you're saying now about money management, and about my words. But look, to be consistent in profit we must do a couple of things on a regular basis. 1 Follow our system or a trading approach with no excuse - to keep the statistics. 2 Not to be afraid to trade, when we see a signal. 2 Use our stop losses without any excuses, and no matter what you think: - oh , the volatility is high, so the stop loss I will double in the amount of pips - oh, the news are coming today, will use what the news will say without a stop loss at all - I'm a bit late with the entry, will use a wider stop loss. etc. etc. well, we all have been there, all of the professional traders, all of them. thoughts, mistakes and other things :) Guys, the journal you need for your statistics, of what works and what is not, and your work is to follow what works. Basically, those who used limit orders have made some on Friday, those who used a proper stop loss probably even made some money back, but those who didn't use a proper money management are staying with hope over the weekend, and others are thinking, why did I do that. Didn't want to be rude or something, just want to call everyone with a word DISCIPLINE!!!! always think before!!!
by Marenno
2
USDJPY H4 HOW TO TRADE A DESCENDING TRIANGLE + PULLBACK SHORT £$Clean and insightful USD/JPY publish with overview on trading a Descending Wedge - just my opinion anyway :) The base range is the distance from the highest point of the range to our marked low point. We then take this same distance to determine the potential size of the breakout Note how close USD/JPY came to reaching this potential level in my experience price often pulls back to the level of its breaks out before continuing in set directional trend, lets see if that happens. Stop inside of wedge, target still base range, proportional boxes give an idea of the momentum expected in short falls, Fibonacci retracement level based of major high/low points within descending wedge, notice how it highlights key levels of price action within the wedge 161.8% level also strong confluence with potential target Channel commodity index also in steady down motion Good Luck and Happy Trading :)
Short
by XavierAlexander
1
EURAUD: Reviewing The Tape (Education not a trade idea)I've already written my "Trading Recap" blog post for today but I wanted to share something with you guys. For you guys that have been following along with my blog you know that I've been working on an article looking at professional athletes and professional traders. One of my main comparisons is the amount of preparation and review that both do. Just like Peyton Manning or Tom Brady do after every game, after each trading day I review the tape, meaning that I go back through my trading day and critique myself. After all, in this industry we are our own bosses so if we don't do it who will? Last night I posted a trade looking for a potential breakout to the upside on EURAUD, although we did test the highs of our previous structure level we never got the break that I was looking for and it ended up being a scratch trade (breakeven). This morning in our Warroom meeting Jason Stapleton fired off 2618 idea for this same pair. (I'll attach a link to the FREE 2618 training at the bottom of this post). In the live room we ended up finding a bearish Cypher at the same level and ended up getting short as well. After banking some good pips, I spend the rest of our session going through the rest of my portfolio and basically but this pair on the back burner. BIG MISTAKE, if only i would have paid more attention to it, i would have seen that IF our 2618 setup were to rally to 2nd targets THEN we'd also have a Bat pattern completion which we plant a stop & reverse at. So yeah I left a few pips on the board today but the important part is that I was able to identify my mistake and turn it into a learning experience. For those who don't take the time to review their day, well that mistake may continue to be a future mistake. Thanks for taking the time to read this and I'll see you next week at the Technical Trader Workshop!!! FREE 2618 Training Lesson: www.youtube.com 2015 FREE Technical Trader Workshop: promos.tradeempowered.com
Education
by Akil_Stokes
10
New Video Series! What Questions Do You Have About TradingView?We Need Your Help!!! We're Creating A Complete Video Tutorial Series For All TradingView Members...From The Brand New Person...To The Most Experienced Users... What Questions Do You Have About The TradingView Platform? If Your New To TradingView...Please Ask Questions! Your Questions Are Extremely Valuable To The Community. It's Surprisingly Difficult For Us To Understand What A Brand New Persons Experience is Like...Since We've Seen TradingView Every Day For Years. Your Questions Will Give Us The Ability To Create A Complete Tutorial For You, And Our Brand New Members. What Types Of Questions Will Be Covered? While Your Welcome To Post Any Thoughts...Only Questions On Current Features Will Be Covered In The Video Series. We Will Add Additional Tutorials As New Features Are Released. EXAMPLES OF GREAT QUESTIONS: 1. It takes me a long time to get a chart ready to post. Is There a Way To Save Templates So I Can Post Charts Faster? 2. How do I put custom indicators on my chart? 3. How do I insert a chart when I'm making a comment or asking a question on a existing chart post? Looking For The most Basic To The Most Advanced Questions... IF YOUR THINKING IT...ASK!!! BECAUSE HUNDREDS OF OTHER PEOPLE HAVE THE SAME QUESTIONS YOU DO.... All Videos Will Be 10 Minutes Or Less, Covering 1 or 2 Topics So They Will Be Easy To Reference. Please Post Questions Below
Education
by ChrisMoody
51