BTC Market Review 04.12.2021The first cryptocurrency again spent most of Friday in a narrow range of 56150-57600. After the publication of mixed data on the US labor market, the cue ball made an attempt to grow, but immediately encountered a wave of sales, and the bears quickly returned the price to its previous levels. Then the fall continued and demand was absorbed near the key mark of 53500, and then 52700. In the morning, the cue ball fell below 50,000 and a panic spill began. The minimum is set at 42,000. Almost all altos have lost about a quarter of their value in one day. The next support is in the 40,000-40900 range. Now quotes are around 47600.
Market capitalization: $ 2092 billion
Dominance Index: 41.5%
Fear / Greed Index: 24
American stock indices closed in the red on Friday. The Dow Jones fell 0.17%, the S&P 500 fell 0.84%, the NASDAQ Composite fell 1.92%. The price of WTI oil is now $ 66.16. Gold quotes have grown slightly and now give $ 1,783 per troy ounce. The dollar index is equal to 96.15.
The number of new jobs in the US industrial sector in November increased by only 210k, instead of the expected 550k. This is a very significant discrepancy. The hourly wage indicator also fell short of the forecast. However, the unemployment rate turned out to be better than forecasted - 4.2% instead of 4.5%. Immediately after the release of this data, the dollar index fell sharply, and the cue ball jumped to 57600, but then everything turned in the opposite direction. Market participants believed that this data is not so bad as to influence the plans of the head of the Federal Reserve to reduce stimulus at a faster pace than previously thought.
Despite the fact that prior to the appearance of the first substantiated forecasts on the degree of influence of the new strain of the coronavirus Omicron on the global economy in general and the pace of stimulation curtailment in the United States in particular, all technically significant support levels up to 40,900 have been broken.
My tanks are full of BTC because I redeem such straits as El Salvador does, which today bought another 150 BTC at a rate of $ 48670. (Not a financial advice)
Forecast for today: Judging by the development of the situation at the moment, the minimum has already been set and we will not go lower in the near future. Panic is a poorly predictable thing, since it is based not on logic, but on emotions. It is impossible to exclude further attempts to approach the key support zone of 40,000-40900 at the moment. The lows were quickly bought off as prices became very attractive. It is likely that the entire panic impulse will be bought out and the price will return above 50,000 in the near future.
-----------------------------------------------------------------------------------------------------------------------------------------------
RISK WARNING
Trading involves substantial risk and is not for every investor. Risk capital is money that can be lost without jeopardizing ones’ financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Review
November 29, 2021 AUDCHF 4 HOUR 50 MAI have been leaning towards a MA retest strategy that has been panning out pretty well these past few months.
Here is a setup from a trade last week. I primarily look for candles closing at the 4 hour closes and also around the 1 hour closes around the NY session open.
There are three MA's I use. The 20 MA (blue), 50 MA (red) and the 200 MA (gold). Not only does the candle have to close on the 20 or 50 MA but the moving averages must be positioned correctly.
I use the 4 screen layout. The daily chart on the top left, 4 hour on the top right, 1 hour on the bottom left, and 15 min on the bottom right.
This is my Moving Average Correlation Strategy
In using this strategy, I review all major and minor forex pairs including indices and metals. If I see a pair closing on a moving average, I will flag it and set an alert above the high (buy) or low (short) on the timeframe where the 200 MA resides. Each week there are at least 4-6 setups.
A) IF Price closes on the 4 hour 20 MA, I need price to also close on the 50 MA on the 1 hour, and the 200 MA on the 15 min.
B) IF Price closes on the 4 hour 50 MA, I need price to also close on the 200 MA on the 1 hour.
C) IF Price closes on the 1 hour 20 MA, I need price to close on the 15 min 50 MA, and 5 min 200 MA.
D) IF Price closes on the 1 hour 50 MA, I need price to close on the 15 min 200 MA.
These are the primary correlations I use to trade. I also check the daily, but I find more setups with the above for IF, THEN criteria. Remember, the moving averages must be ALSO positioned correctly.
From here, I wait for a candle stick confirmation. I will either get in an engulfing candle on the 50 MA or the 200 MA.
TRADE ABOVE:
In the above chart, the 50 MA is above the 20 MA and price is in a downtrend. < This is how we would expect these 2 MAs to be positioned. I would not look for a short IF the 20 MA is above the 50 MA. Next is the Moving Average Correlation between timeframes.
When price closed at the 50 MA on the 4 hour, price ALSO closed on the 1 hour 200 MA matching scenario (B).
I traded on the 1 hour when a bearish engulfing candle formed. 10 times out of 10 a RR of 4 typically hits, I close at Daily Resistance and Daily Support levels.
Does anyone else trade this way? Is this your first time seeing this? Please respond so I know I"m not the only one here. Looking for all of your feedback!
@MDFX_TRADES
Review BitcoinLocal triple bottom structure is promising, with no more fud this week I believe we've just witnessed a local bottom 👀
I hold BTC and tend to believe that you also hold it, if I am wrong - it's time to buy.If $58k support is lost, bulls are no more in control and we'll see some distribution or accumulation in $54k - $58k flat zone. If $54k level is broken, bears are in control and I'll sell my crypto. Note that it doesn't mean I have a stop loss just below this level! A fakeout is always possible and it would be absolutely stupid to place a stop loss a bit below support!
I hope this dump didn't affect you too much, don't fall for emotions!
TRXUSDT - will there be an upward momentum?(Mini review) BinanceThe work takes place in the descending bullish canal.
Formation of a potential, inverted head and shoulders.
Work in the long from the middle of the accumulation channel.
Leaving the price below the level of 0.93 - cancellation and work from the boundaries of the accumulation channel
All details and target, as well as stop loss are shown on the chart.
Maximum leverage x3
% of the deposit 3-5%
Day 3 BTC Review and trade results (Statistics) Briefly and in fact.
Used shorts will pay off.
There is no reason to open long positions yet.
If there is a retention of the last level, then it is worth opening a position on the return and after passing 61000
Before that, I do not recommend buying a falling knife.
The result for 2 days of trading
Statistics
You can see each trading idea at the links below. All profitable and unprofitable deals here.
Day 1 BTCUSDT Bitcoin short after rollback
4 Targets DONE
1000SHIBA (BINANCE) PERPETUAL x5
2 orders - 4 targets taken. Closed at break-even
STMXUSDT PERP (BINANCE) Short X10
1 targets Done. Closed at break-even
Day 2 Dogecoin Long Perp x5
A pending purchase order awaits execution
1000SHIBA (BINANCE) PERPETUAL x5 Long
Closed with stop
BTC PERPETUAL (SHORT) X5 BINANCE
3 Targets - Done (open)
AKRO PERP (LONG) Deferred purchase order X3
2 Targets - Done (open)
CKTUSDT Long (Binance)
2 orders from 1.86 and 1.93 open 2 Targets Done (open)
Weekly Trading Recap: SILVER, SOLANA, GBPNZD, AUDNZD Oct 9 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
GBPNZD - Running about BE
Full analysis/forecast:
SOLANA - Running about -0.25%
Full analysis/forecast:
SILVER - Running about BE
Full analysis/forecast:
AUDNZD -
Initial Entry: Closed for +0.90% profit
Scale in Entry: Closed for -1.03% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
The weekend is when the deep work happensWhat do you use your weekends for?
The Forex markets are closed, but your mind shouldn't be. This time is best used reviewing and learning about the week before.
Take this trade for example, it had it all-5min Buy range, Change of character, BOS, 1min buy range, pull back to the equilibrium, pull back to range impulsive move. This happened later Friday night my time, however by reviewing it I get to see how good this trade would have been for those awake.
As always trade safe, I'll see you on Market open!
EnvisionEJ
Trade Review] How I Trade Red Days! + Trade Review: $SNAPIn this video I will reviewing the trade I took on July 19, 2021 which was snap breaking down time frames and levels. As well breakdown how i trade Red days giving you guys my two simple strategies to do so. Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
Want to see more content like this? Make sure to Like and Subscribe!
[Trade Review]How I traded $SQ,$ROKU, $HD, $ROKu again.. HUGE FIn this video I will reviewing trades I took on July 1 & 2nd , 2021 which were $SQ, $ROKU, $HD, After taking a massive hit we recovered well with patience and some time to clear our mind and a little bit of backdating we made a huge comeback on the small account! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
Want to see more content like this? Make sure to Like and Subscribe!
Bitcoin - Intraday Trading (30-m TF) BTC Long to the neck area? Guys, I am writing right away, I try to write, report, and explain my actions as quickly as possible so that you understand what is at stake. If something is wrong, and you have your own opinion, be sure to write it, maybe I omitted something.
people who trade with me for free, without VIP and without advertising, are satisfied with the work (you can check the reviews yourself)
I am writing this because it is nice to know and see it.
Why I decided to open a small long.
1) - The price made a breakout of the support level, and made a return beyond the 33000 level
2) The price is consolidating in a descending channel.
3) If we assume (theoretically) that we are now in wave 4, then it is likely that the price will return to the support channel line (all this is indicated on the chart)
Likewise, if the price follows my review, and we see that the resistance level, as well as the zone of the "neck" line from the "head and shoulders" pattern
there will be a hold
then we will continue to work with the short position further.
I tried to tell you everything as I see it here.
I do not give any guarantees that this will work 100%, but I try to describe everything that I am doing myself as quickly and usefully as possible.
All successful transactions and trading.
In our statistics
+20 profitable trades
- 3 stop loss
The result is still pleasing.
If there is an error, write it in the comment.
[Trade Review]How I traded $DIS 200% GAINS, $TLRY, $MSFT, FUMBLEIn this video I will reviewing trades I took on June 28, 2021 which were $TLRY, $DIS, $MSFT, $ZM from watchlist I provide from the stream on Saturday! Along with an explanation of my plan as well showed you guys my TA for some possible set ups! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
Want to see more content like this? Make sure to Like and Subscribe!
REVIEW GBPUSD H1 TRADE PLAN PROFIT 17 - 21 MaHi,
I review trades in last week,
As you can see, I trade 5 trades
I win 2 trade with +12.6%, +3.6%, +0% and lose 1 trade with -2%. So I have +14.2% and one trade does close yet.
My Rule:
1. Open Trade: Pin bar , Engulfing bar, Big bar close below/above Kijun with Volume higher SMA 50
2. Close Trade: Price close near Tenkan with high Volume
3. Money Management: Risk -2% per trade
Click Like and Follow Trade Plan Prfoit
REVIEW EURUSD H1 TRADE PLAN PROFIT 17 - 21 MayHi,
I review trades in last week,
As you can see, I trade 3 trades
I win 2 trade with +11.6%, +5.8% and lose 1 trade with -2%. So I have +15.4% and one trade does close yet.
My Rule:
1. Open Trade: Pin bar , Engulfing bar, Big bar close below/above Kijun with Volume higher SMA 50
2. Close Trade: Price close near Tenkan with high Volume
3. Money Management: Risk -2% per trade
Click Like and Follow Trade Plan Prfoit
REVIEW AUDUSD H1 TRADE PLAN PROFIT 17 - 21 MayHi,
I review trades in last week,
As you can see, I trade 5 trades
I use Price Action combine with Kijun/Tenkan and SMA 50 Volume
I win 2 trade with +5.4%, +4.8% and lose 2 trade with -2%, -2%. So I have +6.2% and one trade does close yet.
My Rule:
1. Open Trade: Pin bar, Engulfing bar, Big bar close below/above Kijun with Volume higher SMA 50
2. Close Trade: Price close near Tenkan with high Volume
Click Like and Follow Trade Plan Prfoit
[REVIEW] EURUSD H1 TRADE PLAN PROFIThi,
this is trade plan profit,
today, I will share you the last trade I open to show your exactly what I trade
as you can see the h1 chart eurusd, in the 1st trade, you can see the bullish engulfing bar closed above kijun & tenkan, this is great signal for me. This is show me the buyer is so strong and the momentum will push price up.
but this is not enough, sometimes the price is lie you so I check the volume. With me the volume must bigger than volume sma 50. Because I trade in h1, 50 period will prove the momentum is good enough in about 2 days (48 hours)
summary, you can see 2 trade I had, the same strategy and the same result
let like and follow me to give the best trade plan profit for you !!!
2104 Quick Revew of last week trading plansHello traders
Today is 21th April Wednesday. We are going to have a quick review of last week trades we sent out, not trading plans on tradingview.
1st one EURGBP
This is a trade hit stop loss by a third hit on this upper band of flat channel with 30 pips loss. Autually, EURGBP gave us a second chance to sell on last Friday after hitting our stop loss on the reflection point of the channel. I personally did open a sell on that that position with 1 lot. Now this ratio is pulling back on 1h chart with sideways. You could keep eyes on this ratio for new entry opportunity to sell.
2nd USOIL
We got this trade hit all targets with 200 pips, RR>3. Actually, we could be better because usoil rise up to 64 eventually. And our second idea on USOIL on 1h chart to long again hit its 1ST target too. And traders who open a trade based on 1h chart like us might be got a break-even trade because OIL start to drop from this Tuesday after hitting the upper line of that channel again and made a hard drop from there.
3rd GBPUSD
GBPUSD hit our 1st trade stop loss with 50 pips loss. And it almost hit our 2nd trade with a fake breakthrough. But it did not. And eventually , it move alone with the flat channel and changed its running rhythm with middle band support and rallied up to hit all targets of our 2nd trade with 230 pips, RR>5.
4th XAUUSD
GOLD hit our 1st trade while it making a retest of middle band of Bollinger band and we got out 2nd trade by that position with potential RR>4, targeting 1777. It did a wonderful job. So two trade on GOLD eventually got 240 pips profit.
5th USDCAD
We were expecting a trade to follow main channel to drop. But USDCAD surprised us with a strong rally up to break it and hit stop loss with 70 pips.
6th USDJPY
USDJPY we expected it to reversed by breaking through this trend line on 1h chart. But it kept moving after a correction that broke this trend line and hit stop loss with 40 pips.
So totally we got 390 pips all together last week.
Plans last week on EURJPY, GBPCAD AND NZDUSD did not become a real trade for us.
EURJPY did not give us a confirming signal. GBPCAD gave us a reversal signal and we did not want to join it. NZDUSD did not pull back for us to join.
So thats reveiw for last week. Good luck for this trading week.
Will update new plans later video.
Good luck!!!
LESS IS MORE!
Bi-weekly / Monthly Review. Re-analyzing at a glance.First stock of my bi-weekly review. Able to wake up at a decent time actually... feeling at peace with no markets to look at today, and I have all weekend to make adjustments to my flight plan. Finally realizing I have made one of the more difficult career choices. Up to me to make the payout worth it so let's have at it, time to squeeze the brain and see what comes out. On second thought, maybe just gentle pressing.
GRT/USDT 1 Hour chart LongTrying my hand at a FIB on GRT looking at a bullish Gartley Wave. First buy was at D 1.94 sold at 2.25 next long at 2.15 next sell point 2.44 - 2.55 if we break 2.44 tonight. Will re enter at 2.44 after run up. and place next long.
Looking for honest feedback as I am learning this strategy.
US Indices Backtesting and Charting Session On Price Action Hello everyone:
As promised I will periodically make these backtesting/chart work videos on different markets, pairs and timeframes.
This is for me to present the importance of backtesting in trading consistency.
Not only it will help traders to not have emotional decisions such as FOMO or fear of losing, it will give traders confidence at identifying trade opportunities and execute them when the time comes.
The more we do backtesting, the easier we spot an entry, setting a SL/TP, and remove any emotional decisions.
Today I want to go into the US Indices, specifically the SPY, NASDAQ, DOW. I will pick a few market crashed examples and dig deeper into them.
Few educational videos below on the topic of backtesting, and why it will help you in your trading journey.
How & Why I backtest:
Prevent Blowing an account by backtesting:
Backtesting & Chartwork on USDCAD:
Any questions, comments, or feedback please let me know :)
Thank you
Jojo
Implementing Heiken Ashi CandlesKEY POINTS:
Heikin-Ashi is a candlestick pattern technique that aims to reduce some of the market noise, creating a chart that highlights trend direction better than typical candlestick charts.
The downside to Heikin-Ashi is that some price data is lost with averaging, which could affect risk.
Long down candles with little upper shadow represent strong selling pressure. Long up candles with small or no lower shadows signal strong buying pressure.
-----------------------------------------------------------------
When paired with risk management tools, trading indicators can give you a clear insight into price movements. Heiken Ashi candlesticks resemble a typical Japanese candlestick, but several details differ from the traditional candlestick chart.
Every Heiken Ashi candlestick has an upper candlewick, a shadow (lower candlewick) and a body – much like the Japanese candlesticks.
However, a bar in the Heiken Ashi starts from the middle of the one before it and not where the previous one closed-a significant distinction.
Each candle has a high, low, open and close, and thus the Heiken Ashi formula has four segments.The opening level is the midpoint of the previous bar; the Close of each bar is the average of high, low, open and close.
If you’re aiming to catch persistent trends, then Heiken Ashi will be valuable.
NOTE:
However, day traders who need to exploit quick price moves may find Heikin-Ashi charts are not responsive enough to be useful. Also, due to no price gaps within Heikin-Ashi candlestick charts, risk management is harder to monitor. Using additional methods to watch risk is advised.
The formula for calculating Heikin-Ashi candlesticks is as follows:
Open= (Open of previous bar+ Close of previous bar)/2
Close = (Open + Close + High + Low)/4
High = the Maximum Price Reached
Low = Minimum Price Reached
*Hope this helped refresh your knowledge of Heikin-Ashi candlesticks or showed you a new trading strategy to use.