Patience Pays Off: 3-to-1 EURAUD Trade!Hi all, @FollowMyForex here with a new trade signal that just triggered.
After patiently waiting for almost exactly a month, we have a new trade setup. That's right, our last trade was exactly 1 month ago! How many people can say that they have the patience and trust in their system to sit out a month of no trades before waiting for the perfect next setup?! We don't say this to brag, but to emphasize how important it is to be aligned with your system and remove any and all emotion from trading.
During this month there were thousands of people who lost entire accounts. More people who ended negative, and maybe a few who ended slightly positive. But do you want mediocre results like that just to trade more often? We've long since made that choice - no! We'd rather sit on our hand and wait for an A+ setup rather than take mediocre trades that just end up eating into our year's a profits. We still have all the profits we had a month ago and that is vital to remember!
Having waited this long is another thing I love about our trend following system... if the markets aren't trending, we don't get false signals!
A lot of pairs are starting to set up right now so it looks like there will be more action in the weeks ahead.
Safe trading!
Patience
Potential Correction - Daily Interval - EURJPYHello Successful Traders,
The prevalent push towards the upside (bullish) has begun to manifest intriguing (potential trend transfer) analytics for the days (and weeks) to come.
Be Conscientious and Stick To Your Trading Plan***
Not Investment Advice. For Analytical and Educational Purposes Only.
- LionGate
Potential Temporary Reversal - 1 Hr Interval - AUDUSDHello Successful traders,
Considering the prevalent uptick in PA (Price Action) within the 1 hour interval (and in-ward), a probable correction may be imminent.
Be Conscientious and Stick To Your Trading Plan***
Not Investment Advice. For Educational and Analytical Purposes Only.
-LionGate
Potential Trend Continuation - Daily Interval - USDJPYHello Success Traders,
The currency pair (USDJPY) is manifesting the formation of a "cup and handle" formation. Considering the prevalent uproar (bullish) in PA (Price Action), a probable correction with the next few days, to then a significant spurge into bullish territory to re-contest previous relative highs. (Long Term Bullish, Relative Short).
Be Diligent and Stick To Your Trading Plan***
Not Investment Advice. For Educational and Analytical Purposes Only.
-LionGate
Temporary Bearish Momentum - 1 Hr Interval - EURUSDHello Successful Traders,
Considering the current uproar in PA (Price Action), an imminent correction may take place within the next few hours.
Be Conscientious and Stick To Your Trading Plan***
Not Investment Advice. For Analytical and Educational Purposes Only
-LionGate
Gold holding Trend. Up then down againGC still holding the trendline pretty well with a "zone" to match. Could be an easy entry. Loking for this to rise maybe overnight up into the trendline/zone with a drop to follow. Could see good prices on PUTs if this happens and catch it off the rise. Any positions held nust be patient. Trend is your friend "until the end"
Potential Bullish Break Out - Daily Interval - AMRHHello Successful Traders,
As the time is approaching, for some of us we have been anticipating the announcement of the Earnings Report. Tomorrow at 8:00 A.M. EST, the company will release it's report. Await confirmation prior to entering the market.
Resistance Level 2 - (0.40 - 0.50) 10 cent interval
Resistance Level 1 - (0.33 - 0.40) 7 cent interval
Key Price Zone (KPZ) - (0.25 - 32) 7 cent interval
Support Level 1 - (0.20 - 0.25) 5 cent interval
Support Level 2 - (0.10 - 0.20) 10 cent interval
Furthermore, the company has released a number of promising PRs that can truly assist its revenue stream within the upcoming quarters.
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Conscientious and Stick To Your Trading Plan)***
- LionGate
There are mainly 3 phases in the so called Price ActionThe very same day you learn to read your graphics correctly, you will certainly know it because your Bank Account
will always be bigger than before.
Your only JUdge will be the merciless Dollar value. Anything else can be considered as illusions.
It is very easy to cheat everybody, including ourselves, however we cannot cheat the Filthy Dollar $ value.
Here, it seems like if ... WHATEVER YOU WANT TO BELIEVE .... it is here in front of your own eyes.
Knowing that there are mainly 3 phases in the so called Price Action, it might help. We seem to be here in the
CONSOLIDATION PHASE, then we have the next one where the price moves UP and DOWN cautiously ...(sort of)...
Then we wait for the fabulous TRENDING PHASE. .
You get on board at the right time and jump out of the wagon at the exact location and you will find yourself in
Wonderland. ........................ Good luck.
BTC + SPX Symmetrical TriangleSymmetrical triangle pattern in BTC and SPX, waiting for a breakout. Looks like bullish momentum is fading and we are headed for corrective territory. BTC has the potential to explode higher, but I just don't see it for the SPX... there are too many fundamental factors on the table to currently justify passing 3000 without more "trade talks going well!" nonsense.
XRP LONG - Winters Algorithm XRP LONG - multiple confluences. first - the use case. XRP is rocking and rolling, and beating to the sound of their own drum. fundamentally, they are one of the most motivating companies across all spaces. positive news is released daily about this particular asset class.
technically - many areas to focus on. the liquidity pullback and retest is a clear sign that support is in effect. the slow bear trend has been creating a solid consolidation area to buy from. we have finally retested that previous area - and are looking for a slingshot style candlestick.
we all know what happens when you tap on the glass for long enough. it shatters. prepare for turbulence northbound.
good luck. these are my personal visions and opinions. make your own.
Best,
Winters
BITCOIN:At the edge of the cliffHello dear traders,
Let's keep it simple.
Summary & trading plan:
- We perfectly called for 10450 dollars XBTUSD zone failure to hold, and we saw a strong bearish move as anticipated yesterday in our idea, targeting low 10k.
- Bitcoin is now sat on the edge of a Daily Cliff and we can see very low targets if it triggers. Please, read the detailed analysis for further details and targets if the idea is triggered.
- Still hedged from >11k4.
- Looking for altsbtc setup considering this potential weakness.
- For live updates on btc & alts, and for free trades, follow us on twitter.
Weekly
a/ Market structure: still intact bullish structure, but indecisive at the moment. In the same time, weekly chart is showing us a trendwall that is getting weaker and weaker here . A trendwall is basically a trendline that is drawn based on a point of resistance, and a point of support during an uptrend, that allow us to get an idea of the exact place where price can reverse. Considering it provided support already three times, we now have to consider that the next test is not going to hold, and we are going to break down, each test making the trendwall weaker and weaker. Weekly support to monitor is 8750.
b/ RSI: indecisive but can definitely move down for a reset.
c/ MACD: Under Bearish Crossover in positive territory. => Consolidation on this TF and a retest of support is possible.
Daily
a/ Market structure: still intact bullish structure, but indecisive at the moment. Breakout of resistance right before monday close. Tuesday confirmed our idea of a bearish rising wedge that is in play now. Support at 9800, 9500 then a possible swing failure pattern at 9k to run the stops that could make us close to the weekly support at 8750 usd. Chart is here. A close under Monthly Open at 10100 is your trigger for downside continuation .
b/ RSI: Indecisive, on support line. A break of the support would confirm our bearish plan and gives strong momentum to the downside. If we have to face a daily downtrend, lower target an be expected and 7800 usd is possible.
c/ MACD : Under bearish crossover, and crossed the centerline, so under bearish territory. That's look bad to be honest at the moment, let's see on daily close.
4 hour
4 hour:
a/ Market structure: Break of Bullish Market structure because we broke down strongly, breaking the low that created the top. We tagged resistance and got rejected. A close under 10100 is your trigger for downside continuation . Volume is decent and we can expect sellers to step in if we see continuation. Chart is here.
b/ RSI: Broke down the trendline. Look like momentum found some support here.
c/ MACD : Under bearish crossover and looks like headed to bearish territory.
Cheers.
If today holds, we might be out of the water. Big "if" IMOFirst green day based on the Cashflow indicator since July 23rd. If this trend continues into tomorrow, we might be out of the water. Continuation tomorrow is very important. If we see positive action tomorrow, I will be going long on several discounted commodities. Let's wait and see my friends!
USDCHF Buy Limit Swing Trade Idea USDCHF
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So we have been experiencing a huge downtrend for this pair since weeks. Dollar weakness contributes to this as well as huge uncertainity in the market because of trade war and interest rate cuts around the major economies.
I have a huge demand area on the weekly and this is where buyers will come back into the market. the bullish momentum that price faced many months ago started here and so many more buy orders are waiting to be filled here.
USDCHF BUY LIMIT @ 0.95913
SL: 40 pips
TP: 1.01063
R:R Ratio of 1:10
This should be a very good trade setup
Til we meet again all! Shalom
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BTC USD LONG Focused Fortune FXHere we have bitcoin on an important zone to go long, we should see the next pump in the bitcoin market very shortly on the break of a channel trendline which is showen, here we could see our wave extended leg to upside, to target the 13,000 level again (another key zone)
RedBand: BTC Tits out & Naked!The following preview has been aprroved for RESTRICTED AUDIENCES ONLY!!
R-RESTRICTED Under 17 requires accompanying parent or adult guardian!!
Description:
I will not provide a meaningful and detailed description of my analysis and prediction. Walking you through my thought process sounds lame. All the more lame is, putting myself in my reader's shoes (No!! I don't know about your personal hygiene. Do you even disinfect you shoes on a regular basis or wear a clean pair of sock everyday?! What if you were wearing those shoes when you were getting rekt?!) and trying to understand the context based on what I wrote (well in this case, that which I did not write or that which I wrote about me not wanting to write). Clearly stated profit targets and stop loss areas are overrated!
Cheers!
USD/CAD READY TO EXPLODEMONTHLY: HUGE BEARISH ENGULFING CANDLESTICK, ENGULFING THE LAST 4 MONTHS CANDLES
WEEKLY: SIGNIFICANT TRENDLINE BREAK
DAILY: PRICE STUCK IN THE BOX, WAITING TO RETEST THE BROKEN SUPP WHICH ALSO CORRELATES WITH FIBONACCI GOLDEN POCKET
#TRADESAFE GUYS, I'LL CATCH YOU REALLY SOON
Further Bearish Momentum? - Daily Interval - XBIOHello Successful Investors,
The stock (XBIO) has endured quite a concerning amount of negative (bearish) PA within the last few weeks... what is even more worrisome is there might even be greater south-side movement.. be diligent and plan accordingly prior to entering this volatile stock.
Resistance Level 3 - (13.00 - 14.15) 1.15 cent interval
Resistance Level 2 - (10.30 - 11.45) 1.15 cent interval
Resistance Level 1 - (8.75 - 9.90) 1.15 cent interval
Key Price Zone (KPZ) - (7.00 - 8.30) 1.30 cent interval
Support Level 1 - (2.90 - 4.05) 1.15 cent interval
Furthermore, the current catalyst that derived such behavior is the "$15 million of under-written stock"
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Conscientious and Stick To Your Trading Plan)***
-LionGate
Consolidation - 1 hr Interval - CODX Hello Successful Traders,
The stock (CODX) has manifested an immediate reversal in direction within the early bell. Even though the PR had presented valuable insight on "High-Performance Detection of Cancer Mutation in Liquid Biopsy Samples" (TD Ameritrade). Be diligent as there could be a very quick and sporadic movement to the upside (bounce - bullish). Await confirmation prior to entering the market.
Resistance Level 2 - (1.50 - 1.85) 35 cent interval
Resistance Level 1 - (1.45 - 1.65) 25 cent interval
Key Price Zone (KPZ) - (1.30 - 1.55) 25 cent interval
Support Level 1 - (1.10 - 1.40) 30 cent interval
Furthermore, fundamentally (CODX) has been enduring quite significant volume. Perform diligence and analytics properly
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Diligent and Stick To Your Trading Plan)***
-LionGate