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ETH Analysis - Trend is about to change ETH is having a major resistance near 1850 which is also fib level 0.764. We can expect a trend reversal from this price level. Alternate case , if price falls below 1700 , it will dive upto 1550 which is fib level 0.236. Pending orders for short from 1850 and 1860 keeping a tight sl of 1900. Sell Stop orders from 1690 with target of 1550 and sl 1725. Short term buy signal from current price upto 1840 , sl 1750. I will keep updating the Analysis as we see movement in price. Good Luck to all.
by coolbouy
1
DXY - 240 MINS CHART TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
TVC:DXYLong
by Tradelikemee
1
A Personal Psychological Study of Day Trading Despite guessing the trajectory for Ethereum over the last few weeks quite successfully, my trading profits have been "okay," but not up to par with what I would accept as "worthwhile." I even opened a short two days ago at support but got stopped out, instead of following my plan and opening a long. Why is that? You can see my trades, in addition to my reasoning in this post: This analysis is a little bit of a psychological study of myself. After all, much of my analysis up until this point has been a psychosocial exploration of collective human behavior and psychology. But it is hard to produce such material without experiencing the emotions and the second-guessing, and to some extent building more self-awareness. This post will hopefully help readers discover for themselves what works. In the end, it doesn't seem to be about predicting, but managing one's own behavior. Here is the ETH/USD chart zoomed in on the 4H timeframe: Looking at the above, it seems like it could either fail at the $1700 resistance again, or head back up towards $2k in time for the "merge." So again, it appears to be a guessing game. If I were still following this plan, I would actually attempt to scale into a short here, since the market seems to be overwhelmingly biased to the long side. Then, I would probably close that short quickly as soon as I see profit, since I do think price can still continue higher. If you read my original post linked at the beginning of this article, you'll see I was able to get good entries consistently at resistance and support. But where could my performance have been better? CLOSING. I noticed that when I would see my trades well in profit, I had a tendency to think, "Well, what if this time the range fails and it breaks support?" In the 1400's, I felt that price could just sink lower to sub-$1000, so why would I close there when I got such a good entry? In simple terms, I would get greedy, right at my target levels. The solution, if I were to continue day trading is quite clear: Always close in profit, and especially if price reaches a pre-determined target level. There is a reason traders use TA, and that is to create goalposts and manage behavior (not to predict). It doesn't matter how much the profit is. There is always another trade to be made, and it's better to build a habit of building your account up slowly, rather than trying to triple or quadruple it in a week. Granted, I ended up doubling the account overall, which still far outstrips the actual market performance since I began this day trading spree when ETH was $1800+. However, there was a moment when my account was nearly 4x yet I did not close my positions. Ultimately, this proves that self-control and discipline are absolutely necessary. Bad day trading is way more common than "good" day trading. I'm an okay day trader, but it ultimately doesn't appear to be worth the time or stress. Instead, I like to look at broader economic cycles, as that tends to be where the greatest wealth is made. It was much easier for me to sell my crypto for life-changing money after waiting a few years than to sell short-term ETH positions for comparatively small profit. Maybe this means I should simply day trade with a larger amount. Just kidding. I still maintain that we are near the end of a generational debt/wealth cycle that began after World War II. That is why I wait with cash, and tend to value personal connections and skills far more than immaterial assets. At any time, I would value these things more than immaterial assets. But at another time I would probably be more proactive with my investing. Right now, it seems like a sit and wait moment. In any case, I find the more someone values immaterial assets, the less present they are in the real world. As I've mentioned, I have officially finished school and begun my career as a therapist. While I cannot legally advertise or provide therapy through here since I don't hold a clinical license (yet), I do feel that I can provide consultation and coaching for anyone who could use help managing emotions or overcoming addiction (particularly as it pertains to trading). I have done a lot of personal work and growth in this department, so I do have some legitimate insight to offer. If this is something that appeals to you, you know where to find me - my Twitter is linked and my DM's are open. As always, thank you for reading. This is not meant as financial advice, but it represents my own thoughts and opinions. Please consult a professional financial advisor. -Victor Cobra
COINBASE:ETHUSDShort
by VictorCobra
36
Gold Forecast updatePlease write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention --------------------------------------------------------- Gold and XAUUSD resistance zone is not strong, but if have pulled back and be the resistance more than 2 hours (the price cannot cross this zone in 1-H time frame), i close the trade => And I will have new Buy trading on the Monday, again <=
OANDA:XAUUSDLong
by Arash-RK
GoldViewFX - EXAMPLE OF EMA5 CROSS AND LOCK STRATEGYHey Everyone, As you all know we generate two types of levels the Goldturn levels (weekly), which we share to all our members and also our VIP intraday levels (daily) for premier. We then use our EMA5 cross and lock to identify targets. Please see example of our 1H chart setup and how EMA5 cross and lock confirmed the lower targets. We can see EMA5 cross 1769 Goldturn followed with another 1H candle body close below that level. This then left a gap below to the next Goldturn 1761, which was HIT perfectly. As long as we keep the levels updated our members are able to then apply this strategy to identify open targets. We use this alongside our algo setups to strengthen our signals and direction. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
31
Daily analysis and trade setups on NASDAQ 20220805Happy Friday, Happy NFP Day, Macro : US NFP The real battle now in NASDAQ is to keep it above 13200 or bring it down below 13160. We saw this battle play out in the last 3 days. Is NFP a catalyst in breaking one or the other? This is one NFP where heart tells me to look for short trades and mind tells me to look for long trades. Buy Break: 13310, 13380, 13450, 13560 Reversal: 13200, 13160, 13110, 13040, 12970 Sell Break: 13260, 13180, 13150, 13100, 13030 Reversal: 13360, 13430, 13540, 13630 Green Goblin levels are here >>> Confluence fib levels are here >>>
OANDA:NAS100USD
by TradingIndian