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Confluence

UPDATE:GBPUSD 19pips ? @paperboiFXThis is an update to an idea i posted a few days ago! PaperboiFX gave us a signal and we Setup the trade:stop loss at previous swing low, i added the support and resistance indicator (based on number of swing high/low) to help visualize and negotiate our stops and avoid getting stopped out before movement in our direction. That being said: we still need to find the take profit at the closest ,00 or ,50 from 1:1 risk/reward ratio(and/or) nearest support/resistance! lets see what happens when the market opens in a couple hours FX:GBPUSD
Short
by WebsterChagonda
ETHBTC Market Overview 0520 2018Given the structure of the ETHBTC pair I am BULLISH Ethereum is the BASE Bitcoin is the Quote When price of Ethereum gains MORE Market Cap and diverges away from Bitcoins dominance, we will see this chart move UP We can see consolidation / accumulation phases as if this was any other tradeable pair Whether you trade on Leveraged accounts with Margin or directly invest through an exchange of your preference... Targets outlined in Green Looking for a breakout to confirm directional bias Important Fundamentals include: G20... Technical Implications of Adoption, New Investments
by ZacharyHogan
Swing Highs & Lows, Support, Resistance & Confluence ZonesHello. Welcome to some random guy's educational post on Tradingview - who thinks he knows enough about trading to teach other beginners. Whether you are a beginner at trading or investing, these tutorials will help you tremendously in gathering a basis for your interest in this game. Because in fact, this is a game. A game of wins and losses, how we manage them, and how we profit over time. The most important piece to this game is 'Risk Management'. However, I need to make sure that at least the basics of swing lows/highs, supports and resistances are covered before I can go into a higher detail of what I want to cover in Risk Management. Well. What the hell is this? What in the living hell are swing highs and lows? Why do they matter? What is the point? Doesn't the price just go about randomly? Ahah! No. The misconception that many people have is that TA (technical analysis) is completely bogus. And that there isn't any correlation between where the price goes in comparison to where it's been. That my friend, is a lie. Though, predicting very far into the future using TA is extraordinarily hard, and I've learned that its just best to keep things short-term (most of the time), TA is a grounds to price action and the POSSIBILITIES and PROBABILITIES of the market. With TA, you are just accounting for what the market CAN do based on what it already HAS done. TA is never 100% accurate all the time, and is always likely to fail at some point because the probabilities in the market are never 100% probable and are never guaranteed. The only probability that is guaranteed is that the price will go "up, down or sideways." If you say that, you will always be right :). So let's get to it! What is a swing high? A swing high/low is a price point in the market before a reversal. Swing highs happen at the peak of the trend, swing lows happen at the valley/bottom of the trend. On the chart above, you will see the major swing highs in white, and swing lows in blue. What is a confluence zone? Confluence zones are areas where there is a lot of activity, multiple supports and resistances. Typically either areas of indecision, consolidation OR areas of accumulation or distribution. Consolidation: Areas where price volatility settles down, volume decreases, and the market is getting ready for a choice of a direction in price. Accumulation: Typically referred to as an "accumulation phase," this is an area where traders begin to slowly accumulate (purchase) the stock, while shuffling out short orders. This typically is low volume, and reflects a level of consolidation. This happens before an uptrend. Distribution: Typically referred to as a "distribution phase," this is an area where traders begin to slowly distribute (sell/short) the stock, while shuffling out long orders. This typically is low volume, and reflects a level consolidation. This happens before a downtrend. Accumulation and Distribution levels are a part of the Wyckoff Theory. It's a pretty simple diagram that can be googled. Now why are these even important? These levels can be used as points for a target on your trade, or even stop losses. Updates to come with examples of how these would be useful tools in trading.
BITFINEX:BTCUSD
by Elijah_Trading
2
possible fib + confluence setupYou know me by now i like it to keep it straight to the point on why i took the trade 1. MarketStructure is telling me that we are in a bullish movement and have broke our previous high and looking to make our next lh to follow a buy 2. We are waiting for a fibonacci play off the 38.2 or 61.8 3. There is a supply zone at 38.2 or 61.8 4. Wait for a Candlestick bullish variation 5. 4h support at 38.2 and 1h support at the 61.8 6. Macd to confirm this setup 7. RSI to confirm this setup WE WILL WAIT TO CONFIRM THIS SETUP
TVC:GOLDLong
by Helloandtrade
Dollar Yen looking a little bearish. Will see what open brings..I'm a relatively new trader here, so constructive criticism is always nice. I suppose you can consider me a swing/short term trader; nothing longer than a week so I look at hourly charts and sometimes day charts. Based on previous chart data I have plotted my support lines that seem to be respected fairly well. Using those I then followed up with a little longer Fib sequence giving me a basic idea of where the candles where heading. Keep in mind, this is 100% technical analysts. I noted that it looked like the .236 level was going to be tested (Market closed before it could). Placing a few simple trend lines I believe in the close future the price will pinch off and take a dive considering since the beginning of the year this pair has kind of tanked... After areas of confluence were noted, more or less, I placed a short position indicator. Something I am looking to take on Monday. We'll just see how he market is reacting Sunday afternoon. That's pretty much it. Like I said, I am fairly new to the game so any constructive criticism is appreciated!
Short
by colossalfig
Bands Lines Fibs and EMA's to 11800, then 9200BITFINEX:BTCUSD Bollis on Daily chart are showing that we just bounced from the middle band, and seem to be heading to the upper band, which would match our highest close from January 28th. This also is the place where 100% extension is located. This also is the top of the ATH resitance. C O N F L U E N C E Last time we neared the top band, we got rejected, as to be expected in a downtrend. I'm feeling the same way about the upcoming touching of the band. We're getting rejected, and headed back to support, roughly at 9200. Long Guppy EMA's are also turning horizontal, which can only mean we are almost done with this bear trend. The 3 EMA will be overextender by the time we: 1) Get to the top band 2) Reach 100% extension 3) Break the downwards trendline This further gives higher probability of going down after reaching 11800. Target is 11800 in less than 48 hours. Stop loss is 12100. Bids I'd place would be above 9200.
BITFINEX:BTCUSDLong
by joserz
NEO/BTC - 2/20/2018NEO/BTC has started an uptrend at the beginning of the year. After this bullish push, it has entered a period of consolidation where it created a pennant. This pennant has been forming for around 3-4 weeks now, this means that the pennant may not be as accurate, although, will still be able to be considered a symmetrical triangle. Shown on the chart is the breakout of the flag rather than the triangle. Due to the chart being in the daily timeframe, I have set it up as a more long-term outlook. That means that even if the magnitude of the breakout isn't caused by the flag, the final target level for the price at this time frame is still around the price of 0.02221 indicated by the 161.8% fib level. The level that the breakout is expected to start is also using the Leading span A of the cloud as support along with the support level of 0.011607, formed during the forming of the triangle. The price reached under this level in the form of long lower wicks, but never closed under this level more than once. The levels that the price is expected to reverse from in the case of a bearish break, are the leading span B, 50% fib retracement and the 0.00875. This confluence leads me to believe that the price will struggle when trying to reach lower lows past these levels. Important Resistance Levels: 0.01481, 0.01382 Important Support Levels: 0.01161, 0.00875 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
Long
by EQBM