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The best on the web stock charts and a community of investors who are passionate about sharing trading ideas.

Launch Chart
1 day ago
GBPAUD, D Long
27 923
Friends,

GBPAUD is currently in an upward channel. The price has reacted well to the channel thus far keeping an even symmetry. Anticipating a wave 3 to the channel, bringing us up to the 1.414 extension of the previous swing (An event that has happened the last 3 times)

We've had a nice potential set up here, a candlestick piercing signal and follow through buying today, looks as though we are going back up again to test the channel top (Which co incidentally is 1.414 extension of the previous impulse swing also)

I've toyed about with potential entries for Monday, Getting a lowest risk/ reward profile of 6.08. So this is definitely worth trading!!. And the candlestick set up allows you to buy very near to the bottom in this scenario, so stop losses can be tight.

Note: Price at the bottom of the range is near the 200EMA, which consolidates the support already within the up trend channel.

15 hours ago
Z, D Neutral
11 186
A simple post on how to combine indicators to have an edge.

1. Understand the Indicators and its function.
2. Understand the price action
3. Create rules, that work for "you"
4. Stick to the Plan.
5. Manage what we know.....


For eg.
1. Squeeze on Weekly - Chart is sideways
2. Top and Bottom Indicator works well in a sideways market.

3. We cannot apply the TOP&Bottom on weekly because, its range is tight. Therefore, we switch timeframe to find the swing, that's good enough to trade

4. In this case, Daily / 2Day chart will work.

5. Apply the top & bottom indicator to the weekly squeeze.


- Creating strategies / Analyzing charts will only constitute for a 15% of the trading game.
- Other 85% still remain on RISK MANAGEMENT.

Developing risk management ===> Developing rules for the strategy.
1 day ago
GBPCAD, D Long
13 395
Price Rejected the Following Zone of Confluence:

+ Yearly Pivot Support. (Dotted Line)
+ Key Retracement Zone. (50% / 61.8%)
+ 1.860 Round Number Support .
+ Breakout of Bullish Wedge. (Continuation Pattern)
+ HUGE Bullish Pinbar on Weekly Chart.

I haven't entered this trade yet. I am looking for a retest of the 50% Fib + Top of the Bullish wedge (and previous lower high on the H4). Looking for targets at 2.023. 2.023 is not only the projected length of the previous swing up, but it is also the 1.618% Fibonacci extension of the recent move down.

Waiting for opportunities such as this (one or two of these trades a month) will save you the headache of getting in and out the market every single day and bring you a steady monthly % return without getting shaken out of the market by silly intraday movement.

Good luck, traders. Have a great weekend!
12 hours ago
EURUSD, 60 Neutral
10 225
" Hourly Analysis "
i can mention a previous analysis Daily Analysis
55 Day Fibonach Level 236 Level 144 and
the Rise of the Trend If it does I Say
------------------------------------------------------------------
Majör Resistance : Fibonach 236 Day Level(Red)

First Resistance : Fibonach 144 Day Level(Black)

Support Line : Fibonach 55 Day Level-(Green)
----------------------------------------------------------------------------
conclusion :

if " EURUSD" we expect a rise of 55 Fibonach necessarily
have to cut the 144 and 236 level

* i can not say exactly Fall Trends to Come Back

Because, * 236 line go must downyard
* 144 line to go must downyard
* and 55 support line should to push the downyard

***The approval of the downyard trend it began,
it is necessary to come down below the midpoint of the channels Price

Thanks
18 hours ago
EURUSD, 240 Short
0 290
Details on the chart
15 hours ago
USDCAD, D Long
2 124
Friends,

USDCAD is currently trading rangebound. We, on Friday had a nice buying day, riffing right off the 50EMA. Pinbar on the 50 tells me there was a reluctance to see price go below the 50EMA, which, along with the recent consolidation this stock has made, has made a strong support level.

Target low is where a long term Fibonacci confluence zone is.

Target Hi has been made using conventional channel target measurement rules, providing the ratio confluence zone can be broken, I will be looking for the target hi. Managed to find entries with over 8 Rish/Reward. So the trade is way worth it.

Thanks,
Tom
16 hours ago
EURUSD, D Neutral
0 272
Majör Resistance : 1.39 price level, since resistance
has always been, the starting line of the Great Fall
"Level 236 is Fibonach"

First Resistance : This line is the line that prevents the
output price level in 1:37.
"Level 144 is Fibonach"

Green Line : This support was 1.35700 Line First Level Support

Channel (1) :
Channel Start, 1.39 Big Decline base was taken
Channel(2) :
Channel Start, 1.25 Decline base was taken

I know, But Major Resistance Trend Starts Rise After be passed
I'm Tracking Anytime, Red Majör resistance and Black First Resistance

Rise to say start of the motion 55 days
Fibonach Level 144 daily Fibonach level
and then cutting the level of 236 is required fibonach

Did not write the other line to avoid confusion of mind
Currently, you'll be in for our Louden? Is not he?

Conclusion: If you switch then to ascend
the red Major Resistance. But Now ; Down continues
22 hours ago
BTCUSD, 180 Long
2 235
The drop from 1163 to 382 was an expanding diagonal. I previously did not realise wave (5) was larger than (3) until you take into consideration the percentage change of wave (3) vs (5): 52.97% vs 61.38%. The 5th wave must be larger than (3) so it qualifies as an expanding diagonal. Because of the large distance covered by wave A, percentage change makes more sense to use.
10 hours ago
GBPCAD, D Long
2 61
Currently we are sitting on major support. We had break of trend on 7 day RSI.
See chart for technical areas of interest.


Carney hawkish.
Poloz dovish.
CA economy dragged by oil.
Deflation on GB not a major concern.

Low inflation is sparking consumer spending which what I like to see to support a rate hike.
BoE deputy governor Ben Broadbent says in an interview that bad deflation isn't a threat to Britain
Good deflation helping boost demand and output
Will watch for signs of price falls hitting wage growth
Only risk to GBP is going to be elections.

BOC tone is reflective of the domestic data and international developments; with a
core focus on the price of oil.

For CAD next week’s GDP will provide some evidence as to how January growth evolved and will be important for CAD.





5 hours ago
XAUUSD, D Long
0 74
Just a prediction. The black line is more probable but the red line could happen if the current base that is being made gets destroyed. The green circle indicates the last time the historical support line was broken. It dropped below 91% because there was no additional support beyond that. At $140 there is old support from the last base so bitcoin shouldn't drop below that. July 25th is right about the halving date. It's currently slated for the 28th but it's been pushed forward several times before now.
http://bitcoinclock.com/

I may be over predicting the next halving since the last halving was only a signal instead of an ATH, but I believe people will be trying to get a jump on it since after the last halving, the ATH was 5x > last ATH.

Adjust the circle so that it fits within the green box to view the chart the way I posted it.
1 day ago
USDAUD, D Long
13 158
Friends,

Eager to buy in after a morning star signal, we have seen nice follow through buying since the signal, bringing up back to have a retest of the previous main channel.

Very promising potential. I will look again on Monday.

Weekly chart looks good, with a large bullish pin bar, rejecting bearish levels with aggression. A lot of positions were clearly bought at this level, hence creating the signal.

PLEASE NOTE: Vlad.Adrian has kindly pointed out the stock hasn't gapped, but rather an error in the data stream. But the idea is still one that can be used.

thanks,
Tom
18 hours ago
INTC, W Long
0 70
Intel surged on Friday due to talks about taking over Altera Corp. The daily chart is overbought so I would wait for a correction.

The weekly chart shows a double bottom at the previous high. Force Index is going back into the channel and the impulse is blue. Not too much to say about this chart, it is simply bullish!
3 hours ago
IWM, W Neutral
1 35
IWM
More observation than anything else.
11 hours ago
BTCUSD, 240 Long
0 99
The best way to label the price action is If you think of each leg as an abc correction. The only pattern that I know of which allow this kind of price action is an expanding diagonal. Also, wave ((4)) overlapping ((1)) is another confirming hint of a large expanding diagonal underway.

Note: Wave ((5)) must be larger than wave ((3)). If wave ((5)) vs ((3)) will have similar proportion to wave ((3)) vs ((1)) the target should be 4800 (423.6% of wave ((3)))

I was unable to count wave ((1)) because of limited intraday data.
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