Trendreversal
CADCHF BEARISH IDEA (DOUBLE TOP)potential bearish entry
Dow Theory in Place: Lower High and Lower Low Expected in Place
The double top, coupled with bearish divergence (a bearish reversal pattern).
The bullish trend is still intact; (be careful with your levels)
Entry, SL, and TP levels are defined.
UADCHF - Bullish Trend - LongBased on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend.
Furthermore, the Relative Strength Index (RSI) does not show any divergence currently.
I recommend taking a long trade with a risk/reward ratio of 1:1
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
HOW TO: Trade with TrendDECODER🥇 Best indicator on ProRealTime MarketPlace - Now available on TradingView
✔️ Identify ranges and the next probable moves
✔️ Get the earliest signals and the strength of Trends
✔️ Get clear exits before reversal
✔️ Spot the Fibo levels the price will test
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Trading is Timing !
Stop being too early or too late trading the Trend or getting stuck in a Range.
📌 What is it about ?
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The TrendDECODER is a concentrate of multiple innovations to make Trend following simple and easy .
👉 With the GreyBox© - identify when the market gets out of the Trend with a new sequence of transition. Check if the market is in Range, Continuation or Reversal (Up or Down) and wait for the closing of the box to get the Trend signal.
👉 With the DecoderSignals© & Blue /Orange Clouds© - once the GreyBox has delivered its message, get the new direction of the Trend and see the probable zones of pull backs during the current direction.
👉 With the Projective TrendLine© - see before it happens the direction and the possible angle of the Trend with its probable range.
👉 With the RealTime TrendLine© vs the Projective TrendLine© - adjust immediately if the market accelerates North or South.
👉 With the RealTime TrendLine Crossing© - detect at the earliest the moment the Trend gets out of track, to get out of the train.
👉 With the FiboLevels© - spot immediately which price levels the market will test.
📌 For which asset?
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TrendDECODER works fine on all assets and all time-frames;
🎓 always work on a multi-timeframe environment to minimize risk;
📌 Why we made these innovations?
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Because the trend indicators that we know lag a lot and do not clearly identify ranges!
We need much more powerful tools than Supertrend or a couple of moving averages crossings to get this done.
📌 How to trade with TrendDECODER?
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🔹 Strategy #1: Trend Following : DecoderSignals© & Blue/Orange Clouds©
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The GreyBOX has given the next probable movement and the Signal of a Trend in on.
The RealTime TrendLine guides us on the pace of this movement and the Blue/ Orange/Cloud figures the support/resistance of this movement.
It will be wise not to jump immediately in the Trend as the signal appears as the price will very probably make a pullback in direction of the cloud first.
Strategy #1: Checklist
📍 Set a Multi Time Frame environment
📍 Check that the Main Time Frame and the Upper Time Frame are moving in the same direction (Up or Down)
📍 In the Main Time Frame: check the appearance of the « TrendUp Signal » or the « TrendDown Signal »
📍 Entry: buying « at Market » immediately on a « Trend Signal » is quite risky as many times the price will pull back near the Clouds
> a good option is to buy 1/2 the position at market on signal
> and 1/2 after the first pull back
📍 First Stop Loss: place your SL under the lower border of the GreyBox for an expected TrendUp or the higher border for an expected TrendDown
📍 BreakEven: when the price reaches your Risk/Reward ratio of 1 = Distance StopLoss vs Entry = Distance Current Price vs Entry
📍 Trailing Stop: just under the lowest border of the Blue Cloud (TrendUp) or the highest border of the Orange Cloud (TrendDown)
📍 TakeProfits: in a TrendUP, place your take profits just under the FibosLevels in order not to get exited (and above in a TrendDOWN)
📍 Exits:
> Early option : Crossing of the RealTime TrendLine
> Late option : Crossing of the Blue/Orange cloud
🔹 Strategy #2: Early Trend following : RealTime TrendLine Crossing©
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With this simple tool, get a very early signal of a probable inversion of the current Trend, way before the Decoder Signal is shown, once confirmed by the GreyBox.
Strategy #2: Checklist
📍 Set a Multi Time Frame environment
📍 Check that the Main Time Frame and the Upper Time Frame are moving in the same direction (Up or Down)
📍 Entry (Main Time Frame): wait for the Close crossing over the ReaTime TrendLine in an expected TrendUp (under for a TrendDown )
📍 First Stop Loss (Main Time Frame):
> place your SL under the lower low of the GreyBox (for an expected TrendUp) or the higher high (for an expected TrendDown)
📍 BreakEven: move your SL to Entry price when the price reaches your Risk/Reward ratio of 1 = Distance StopLoss vs Entry = Distance Current Price vs Entry
📍 Trailing Stop: just under the lowest border of the Blue Cloud (TrendUp) or the highest border of the Orange Cloud (TrendDown)
📍 TakeProfits: in a TrendUP, place your take profits just under the FibosLevels in order not to get exited (and above in a TrendDOWN)
📍 Exits:
> Early option : Crossing of the RealTime TrendLine
> Late option : Crossing of the Blue/Orange cloud
📌 Configuration
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Well, basically you do not have to do anything !
But you can make TrendDECODER perfectly yours with a few switches in the configuration panel to make appear or disappear each one of the elements composing TrendDECODER.
Dollar Index with very bullish patternsHey traders!
Seems like since few days we have nice accumulation patterns on Dollar Index. Sellers loosing power in last two days and buyers taking slowly control. Very strong buying waves on the last highs give extremely bullish patterns.
Trading around upper channel line is giving information that buyers try to go high buy still they absorb short selling. the dollar index is weighted by the euro in 57%, so if the breakout accrued on this chart EURUSD should be traded short.
Indicators used to market analyses:
Wyckoff Wave Chart
Wyckoff Wave Volume
Wyckoff Wave Trend
How to SPOT a TRENDTrend trading strategies are very valuable as a trader. The term the trend is your friend is fitting when trading stocks. Knowing how to identify the trend is very important because it gives important clues for entries and exits when trading.
"Whatever method you use to enter trades, the most critical thing is that if there is a major trend, your approach should assure that you get in that trend."
-Richard Dennis.
“Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them “funny-mentals”. I am primarily a trend trader with touches of hunches based on about twenty years of experience. In order of importance to me are: (1) the long-term trend, (2) the current chart pattern, and (3) picking a good spot to buy or sell. Those are the three primary components of my trading. Way down in a very distant fourth place are my fundamental ideas and, quite likely, on balance, they have cost me money.” – Ed Seykota
“I’ve learned many things from him , but perhaps the most significant is that it’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” – Stanley Druckenmiller
“I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, “I just lost my money, now I have to do something to make it back.” No, you don’t. You should sit there until you find something.” – Jim Rogers
“Play the market only when all factors are in your favor. No person can play the market all the time and win. There are times when you should be completely out of the market, for emotional as well as economic reasons.” – Jesse Livermore
“Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know where I’m getting out before I get in. The position size on a trade is determined by the stop, and the stop is determined on a technical basis.” – Bruce Kovner
"Amateurs think about how much money they can make. Professionals think about how much money they could lose."
–Jack Schwager.
"The price of a commodity will never go to zero. When you invest in commodities futures, you are not buying a piece of paper that says you own an intangible of the company that can go bankrupt."
–Jim Rogers.
"It's not always easy to do what's not popular, but that's where you make your money. Buy stocks that look bad to less careful investors and hang on until their real value is recognized."
-John Neff.
"We don't care about 'why'. Real traders only have the time and interest to care about 'what' and 'when' and 'if' and 'then'. 'Why' is for pretenders."
-JC Parets.
"You only have to do very few things right in your life so long as you don't do too many things wrong."
-Warren Buffett.
"The goal of a successful trader is to make the best trades. Money is secondary."
-Alexander Elder.
"Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong."
EURJPY Short Position The EURJPY pair has recently broken a significant resistance level and is currently retracing back to it, which could signal a potential trend reversal.
A head and shoulders pattern has formed on the chart.
The neckline of the pattern (146.400) is a key level to watch, as a break below it would confirm the pattern and potentially trigger further selling pressure.
The MACD and RSI indicators are also showing signs of bearish divergence, which supports the idea of a potential short trade.
The target for this trade is 145.200 the previously broken resistance level, which could act as a support level and potentially provide a bounce for the price.
A break above the right shoulder will invalidate the bearish bias.
It is important to note that all trading decisions should be made in accordance with one's own risk management strategy and analysis of the overall market conditions.
USDCAD - Trend Reversal - 1H TFBased on the Relative Strength Index (RSI) indicator, there is currently a divergence present. Once the first LL (lower low) is broken, it would confirm the formation of a bearish trend. I plan to enter a short trade with a 1:1 risk/reward ratio.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
GBPCAD - Trend Reversal - 1 Hour Time FrameBased on the Relative Strength Index (RSI) indicator, there is currently a divergence present. Once the first LL (lower low) is broken, it would confirm the formation of a bearish trend. I plan to enter a short trade with a 1:1 risk/reward ratio.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
W9.1 ETHERUM BULLISH IDEA (HARMONICS BULLISH PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
Aditya Birla Fashion & Retail Ltd - 13.04.2023Aditya Birla Fashion & Retail Ltd - 13.04.2023
The stock price is above EMA in Daily Chart.
There is a MACD Bullish Divergence in Weekly Chart.
There is a Stochastic Bullish Divergence in Weekly Chart.
The stock can be considered for further upside movement with SUPPORT @ 218
A probable trend reversal candidate.
Watch out for the price action.
DISCLAIMER: This is not a Stock Recommendation.
Solana ProjectionsTraders,
As projected Solana did break to the upside of our area of confluence which was the intersection of our 50 day, 200 day, and descending TL (black). As you know, I had been waiting for this break before making an entry. The confirmation candle came but the move was too quick for my liking. I am not about chasing. So, here's what I am now waiting for: Solana tags resistance at HKEX:25 - HKEX:26 , Solana then pulls back for a classic retest of previous resistance (now support), and then, Solana takes off towards our target area. All of this should take quite a few weeks/months.
I will be looking to enter at either a retest of our 50 day/200 day or descending TL. Stay tuned.
Stew
Bitcoin Shoters Must Read: A Sweet Spot for Shorting or a Trap?The current price range of BTC is influenced by previous reactions to the
26800 to 32400 resistance range,
which is a significant point of interest for buyers and sellers.
This range has played out in the past, with trading occurring more frequently at this price compared to nearby support and resistance zones.
The current pull-up in BTC is not a clear sign of a bull market but a secondary trend, which is a reaction to the primary trend. Resistance is not a specific price but a price range, and
patience is required for buyers to max out. There is a high chance of BTC being rejected in this zone, leading to a resumption of the primary trend.
The chances of BTC reaching 40k before this primary trend resumes is up to 45%, but the resistance in this zone tends to be jam-packed, making the less resistance direction downward. The best point to short BTC would be after the bulls' second attempt to cross the resistance range, and only when the chances of it going down improve to at least 78%
to 80%. A move down would lead to bulls trying to max out around this range to continue the primary trend, providing a sweet short target at
24k, 20400, 18k, 16k, and possibly 12k.