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Trendtrading

💡 XAUUSD: The upward momentum continuesWorld gold broke the resistance level of 2,050 USD/ounce thanks to expectations of loosening monetary policy by the US Federal Reserve (Fed) after somewhat weak US economic reports were published. Although prices have recovered, many analysts are concerned that gold may encounter difficulties. After each time the precious metal breaks the resistance level, the market quickly receives a sell-off trigger for profit-taking by investors. Profit-taking could push prices back into the range that has been in place for some time now. Gold Price Forecast: Last week, 14 analysts participated in Kitco News's gold survey. The surprising thing is that no one predicts gold prices will decrease in the near future. The survey showed that 79% of analysts believe that gold prices will increase in the near future, while the remaining 21% think that gold prices will move sideways. Meanwhile, 175 votes in Kitco's online survey. 77 retail investors (44%) expect gold to increase in the near future. Another 43 people (25%) predict the price will decrease, while the remaining 55 people (31%) think the gold price will go sideways.
OANDA:XAUUSDLong
by Stone_Haven
💡 GOLD: Forecast March 4Gold had an extremely strong price increase in the last session of the week. Buy signals were activated after the price broke the important confluence level of 2050, this break marked the end of the previous downtrend. Now that the initial target of the long position has been approached (around 2080), you should consider reducing risk by moving the SL and/or exiting the order partially. The 2080 area has been an extremely strong resistance level in the past, so it cannot be ruled out that sellers will return here and create downward corrections before the uptrend continues. If you don't have any buying position yet, you should wait for the opportunity after the corrections and avoid chasing prices at this time.
TVC:GOLDLong
by Stone_Haven
💡 XAUUSD: Expected to reach a shocking peak in the near futureCentral bank gold purchases have “surged to record levels” in recent years, as regulators seek to diversify reserves and reduce credit risk. China and Russia are leading gold purchases, while India, Türkiye and Brazil are also increasing bullion imports in large quantities. Citi Bank experts said: “The most likely path to $3,000/ounce of gold is the rapid acceleration of an existing but slowly developing trend - de-dollarization of banks. central banks in emerging markets, thereby leading to a crisis of confidence in the US dollar.
OANDA:XAUUSDLong
by Stone_Haven
3
How to Trade Trends the Right WayHow to Trade Trends: A Comprehensive Guide Trend trading is a fundamental strategy for many traders, offering the potential for significant profits if executed correctly. However, mastering trend trading requires more than just following a single indicator. In this guide, we'll explore the intricacies of trend trading and how you can enhance your strategy for better results. 1. Utilize Multiple Indicators Relying on a single indicator to gauge market trends is like trying to understand a story by reading only one page. To get a comprehensive view of the market's direction, you should use multiple indicators. This approach can help you confirm trends and avoid false signals. Some popular indicators include moving averages, MACD (Moving Average Convergence Divergence), and RSI (Relative Strength Index). By analyzing these indicators together, you can get a clearer picture of the market's momentum and make more informed decisions. 2. Infinite Nature of Trends One of the most important concepts in trend trading is understanding that trends, by nature, are infinite until a clear trend change is identified. This understanding shifts the focus from setting arbitrary take profits (TPs) to managing trades with dynamic stop losses (SL). Instead of trying to predict where the trend will end, adjust your stop loss to subsequent swing highs or lows. This method allows you to stay in the trade as long as the trend continues, potentially capturing larger gains. 3. The Benefit of Longer-Term Trends While it may be tempting to trade on shorter time frames for quick profits, longer-term trends often offer more substantial rewards. A trend that exists on a daily or weekly chart is less likely to be disrupted by short-term volatility. Although these trades may require more patience, they tend to exit less frequently, allowing you to ride the trend for greater potential profits. Exiting a trend too early or trading on a system that changes signals often can result in missed opportunities and reduced profitability. 4. Strategies for Lower Timeframes For traders who prefer lower timeframes, the high volatility can make trend trading challenging. One strategy is to use the underlying trend from a higher timeframe as a bias and apply mean reversion strategies on the lower timeframe. This approach involves entering trades at a discount during an uptrend or at a premium during a downtrend. By aligning your trades with the overall trend direction, you can improve your chances of success even in a volatile market. Combine multiple indicators for a comprehensive analysis. Understand the infinite nature of trends and use dynamic SL. Focus on longer-term trends for greater profit potential. Use mean reversion strategies on lower timeframes with an overall trend bias. "Trade the trend until it ends." In conclusion, trading trends is more art than science, requiring a nuanced understanding of market indicators, patience, and discipline. By using multiple indicators, adjusting your approach based on the timeframe, and managing your trades dynamically, you can enhance your trend trading strategy for better results. Remember, the key to successful trend trading is not predicting the market's every move but rather managing your trades in a way that aligns with the overall market momentum.
Education
by AlgoAlpha
2
NDQ100 (Nasdaq) Thoughts and Analysis. Today's focus: NDQ100 (Nasdaq) Pattern – Continuation (Bullish) Support – 17,804 Resistance – 18,047 Hi, traders; thanks for tuning in for today's update. Today, we are looking at NDX100 on the daily chart. Today, we are asking if the NDX100 index will contnue to move higher after putting up several key price action points. Have buyers set the tone for a new extension higher? A main point for us will be that price remains above resistance. We have also run over a few warning signs if sellers start a new push lower. Good trading.
EIGHTCAP:NDQ100Long
by Eightcap
Medium Term ACH Coin Analysis#ACH He needs to win the $0.022 zone again and rise again at $0.0252. However, in the scenario where the $0.022 level is not regained, we want to evaluate the $0.01687 and $0.01499 levels for medium-term spot buying. We will buy if the price drops to $0.01687 with a sharp decline. The region where we are considering a second spot purchase is at $0.01499. If it starts the bullish movement from the expected region, our first target will be $0.0252 and our second target will be 0.02903. It Is Not Investment Advice.
by wagmitraders
5
BITCOIN $BTCUSD - Feb. 13th, 2024BUY/LONG ZONE (GREEN): $46860 - $56275 DO NOT TRADE/DNT ZONE (WHITE): $42580 - $46860 SELL/SHORT ZONE (RED): $35550 - $42580 Overall the market has a bullish sentiment, price has recently broken above my previous buy zone so I decided to rechart new areas that I would look to enter at. Levels and zones are drawn from the daily and weekly timeframes. I threw a few of the recent events around structure that I would look directly towards for new information on where price is headed and around where to enter. There is a lot more ideas on a lot more timeframes, but this is what I immediately look towards. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
BITSTAMP:BTCUSDLong
by TonyAiello
ETH RANGES Ethereum being the second biggest coin in market cap has a very important role to play in the crypto ecosystem, however, we haven't heard to much talk or news about the coin as other L1's have stolen the spotlight. SOLANA, INJECTIVE, SUI etc have all grown in popularity and have taken a lot of the focus away from the biggest altcoin by market cap. In the chart there are clear ranges for which I believe are worth trading. Range 1 & Range 2 are the HTF key levels, bouncing between the High, low and the midpoint of the range . Currently we have seen price be rejected from the Range 2 Midpoint the support comes from the $2130 level in the HTF but the red supporting trendline on the lower timeframes. For now the chop has kept ETH within those areas and until proven otherwise should be traded as such. A case for the bulls on Ethereum : - ETF narrative can be a powerful mover as has already been demonstrated with the BTC move all of last year. Now that the Ethereum ETF awaits approval we could see a similar rally towards the decision date at the end of May this year . It's important to note that this date is post BTC Halving event and historically a rally follows this event throughout the market. - Deflationary tokenomics lend themselves to a bullish asset for investors because of simple supply and demand dynamics. With the inevitable increase in retail exposure that comes with a Bullrun in addition to BlackRock and other ETF providers buying large sums of the crypto to offer to customers. Naturally this increases price as demand is up, now couple that with a deflationary circulating supply and you have a very bullish scenario where a very sought after asset is becoming increasingly rarer, perfect storm for the bulls. A case for the bears: - OLD NEWS... I would say that in crypto being the new kid on the block is very important for increasing the price of the token. We have seen in the last year many new L1's be released and have taken the spotlight away from older more established coins which can be disheartening for anyone that's holding ETH or looking to add ETH to their portfolio. INJECTIVE, SUI, TIA to name a few often outperform the larger cap coins that are older as the potential to grow is much larger. Ethereum already has a market cap of $280B The likelihood of 5x, 10x or 20x gains are much lower than a smaller cap coin offering a similar service with newer technology. So for this reason I think the well established nature can work against Ethereum but it is worth saying that because of this it is less risky to invest in a larger cap coin when compared to smaller caps. I'm keeping a keen eye on ETH both against stables and BTC pairs but will avoid getting drawn into the choppy price action. Only taken action at the key levels shown on the chart.
BINANCE:ETHUSD
by ProR35
Bullish Shark PatternI'm closely monitoring GBPJPY for a potential buying opportunity based on the Bullish Shark Pattern. Here are the details: - Setup: Bullish Shark Pattern - Completion Level: 189.06 Given the recent decline in the JPY and the resulting upward movement in JPY pairs, I'm anticipating a bullish scenario on GBPJPY. The completion of the Bullish Shark Pattern at 189.06 is the level I'm eyeing for a buying opportunity. Feel free to share your insights and trading plans for GBPJPY. Are you considering a long or short position?
Long
by RaynLim
USDJPY Trading Plan: Bullish Shark PatternI'm maintaining my bullish outlook on USDJPY and currently eyeing a potential buying opportunity. Here are the details: - Setup: Bullish Shark Pattern - Completion Level: 150.09 It's crucial to note the presence of the Type2 Bearish Fib-3 Bat on USDJPY's Weekly Chart. While it signals caution, my focus is on the bullish scenario with the completion of the Bullish Shark Pattern at 150.09. Feel free to share your thoughts and trading plans for USDJPY. Are you considering a long or short position? Check the chart link within the TradingView post for a visual representation.
Long
by RaynLim
1
EURUSD Trading Plan: Bearish Shark Pattern RetestIn our EURUSD analysis, we are identifying a potential shorting opportunity for counter-trend traders. Here are the details: 1. Setup: Bearish Shark Pattern Retest 2. Timeframe: 1-Hourly Chart 3. Key Levels: - Retest Level 1: 1.0852 - Retest Level 2: 1.0874 The Weekly Chart suggests a weaker bull trading setup, and on the 4-hourly chart, a bearish trend is noticeable. The Bearish Shark Pattern on the 1-hourly chart provides a counter-trend trading opportunity. Feel free to share your thoughts on which retest level you find more suitable for a shorting opportunity.
Short
by RaynLim
S&P 500 INDEX $SPX - Nov. 17th, 2023BUY/LONG ZONE (GREEN): $4531.84 - $4726.36 DO NOT TRADE/DNT ZONE (WHITE): $4380.94 - $4531.84 SELL/SHORT ZONE (RED): $4117.36 - $4380.94 Currently there is bullish momentum, as seen coming off the gap up from Monday close-Tuesday open, however; after this momentum upwards we have only seen price go sideways up to today. Price is resting inside a zone towards the top side where bulls can look for a breakout to start entering in longs. For bearish entries there would need to be some structural breakdowns for the bears to enter as the price approaches the $4380.94 level. Both the bullish and bearish zones can be widened to include the entry levels of the respective zones for early entries. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
SP:SPX
by TonyAiello