EURSEK Lets short it for 1500 pips!Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a similar limited version of the system on Trading view to help traders visualize the strategy.
EURSEK
To open SHORT positions for EURSEK , it is required:
In this situation our system indicators to confirm trade entry confirmation for movement to the downside but if the market trend continues to range this signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met.
Risk Description: Once signal is confirmed we will excecute more positions on the position on H1 and 30M charts. Minimum 1500 pips will be up for grab with small risk SL at swing high. Target 2500 pips
Profit expectations: 1-4 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Distribution
LTCBTC Wyckoff distributionLTC broke down from it's 0.618 fib, and has now found support on 0.768.
Its oscillation with BTC has graphed a wyckoff distribution cycle, which currently will be turning to throwback for a retest of 0.01 BTC.
Several market signals point to a local bottom having been reached. CMF is showing bullish divergence on the daily for LTCBTC, and BTC has reached its channel top and is showing bearish divergence.
Long Target: 0.01 BTC
Long SL: 0.007 BTC
Short Target: 0.005 BTC
This is my personal analysis and should be taken as such. I'll update this Idea as the trade goes forward.
Hope you enjoyed and Happy trading!
EUR/USD : Daily sell setup #2 ** (Another 300 pips?) Hey guys !
The H&S Pattern is now confirmed on eurusd
You can short on the neckline or try higher for a better entry.
Accumulation of :
- Breakout and retest of few trendlines
- Fibonacci confluence
Entry , targets & stop loss are sets with standard deviation , pivot ,support/resistance zone, fibonacci retracements and trendlines .
Good luck !
USD Wyckoff DistributionMaking the case that the market has been in distribution of the USD since early in 2015 when a buying climax (BC) occurred. Since then the USD has been in a trading range with Signs of Weakness (SOW). Most of 2016 low volume adsorption occurred with an upthrust using the presidential elections as springboard. In 2017 we have seen signs of weakness with increased volumes on the selloffs and decreased volumes on the rallies. The first ice was broken with a jump of the confluence of the 200dma and yearly pivot point. A backup to this support level can be expected with a fall through the ice again. So I am looking for a short term rally and then a strong move through the ice.
$rl short weak bouncehigher time frame shows defined downtrend pulling back after strong impulse move
mid time frame shows uptrend weakening and mature looking for a breakdown with negative momentum and negative volume pressure
lower time frame is working bottom of base- worth monitoring for possible false breakdown and continuing consolidation
breakdown of support level of 71.3x area to first target of 70.7x area and next level to 69.8x area
$xlp further short term breakdownhigher time frame is showing defined uptrend with an over-extension on breakout pulling back
mid time frame is showing markup to distribution to consolidation for the next leg down
descending triangle is forming against downtrend line and multiple test of support is showing weakness
possible breakdown to breakout level of 55.7x on higher time frame- first level 56.2x
lower time frame is showing range bound action with sellers slightly in control
descending triangle is also forming- worth monitoring price action
$spy weakening trend short term downside higher time frame is showing defined uptrend with indecision
mid time frame is showing range bound action/distribution
it also shows a break of first uptrend line and a false breakout towards the resistance area of first trend line and price broke down through the second trend line which shows a weakening of the trend
bounces off the third trend line which is also the .618 retracement level back into the range
rsi is showing negative divergence and volume is showing selling pressure
lower time frame shows a break of the downtrend line into resistance area of 243.5x
worth monitoring price action-possibly break resistance area and moves towards resistance of second trend line in mid time frame and move back down
$len losing momentum/distribution higher time frame is showing range bound price action- negative divergence in rsi
closer look at mid time frame shows the transition from a range expansion to range contraction and selling volume pressure being applied along with negative momentum
lower time frame shows price action in that same range contraction apply pressure to the support area with multiple retest
looking for alignment across all timeframes to tilt to the bearish side where theres is the least resistance to the downside
first level to 51.7x area and then down to 51.1x
J6 06 April 2017There are several divergences on volume on way up. There is also increasing volume on down swing. This is bearish change behaviour. I expect move down on Yen future. It means on forex pair USDJPY.
G6 FUTURES/GBPUSD Ascending Wedge Short Setup As we can see, price created ascending wedge short setup, there is also SOT formation which informing us that buyers are getting weak.. at 12 it was a large volume on the market so it was a signal that smart money are getting off and distribution is coming.. Sell a break of bottom trendline. I am expecting price will drop to first demand level around 1.2360 or 1.23250 on forex. Good Luck
Is the AMD Hype Over? AMD has shown no signs of slowing down, until now. After the mixed reviews of Ryzen, which was initially a reason for all the hype around AMD, investors are selling. With even the largest investor dropping 45 million shares at $13.70. This is all as AMD was hitting a near 10 year high, which also happened to be a major resistance/support level.
On the weekly chart, we can see Bearish Divergence on the RSI, and the MACD Leader.
Also, for the first time since the beginning of 2016, the Accumulation/Distribution line has dropped below the 20MA on the weekly, showing a potential change in trend. (Not Shown)
Yieldco sector, don't miss the 8point3 buy.CAFD, already sporting a 7.5% yield, just broke out of volatility consolidation to the downside. This is a very easy chart to trade, as the key levels are very obvious. You should be able to pick this guy up close to $12 a share with a nice 8% divy that has almost doubled in last two years. Balance sheet is good, i've checked myself. Aim to sell around $16 or just hold forever. Excellent risk/reward here
EURGBP where is the distribution at?Doing my post market review, not a lot to look at today so lining up potential levels that could set up good trades. Would like to see distribution to start setting up into the marked level for a potential short. This would be a first touch of a significant level which should trigger some liquidity at the least.