BTCUSD Weekly Overview 3/26BTCUSD WEEKLY OVERVIEW 3/21 - 3/26
In this video I go over my personal perspective on the opportunities Bitcoin presented during this week. This week there were 2 possible entries that were presented totaling over 7500 pips! The first setup average around 5000pips and the second was around 2500pips. My initial target was my -13 extension level around 52k.
There are times where price presented several thousands of pips and then would pullback before continuing the overall trend. It is important to always secure some type of profits on a trade when you are significantly ahead. Never leave any money on the table or turn a winning trade into a losing trade. Even if your entry gets stopped out, then continue working that zone over and over until the analysis invalidates itself. The level must prove that it is valid before having real confirmation that it may continue. I ran into this same example around my first entry at 57K and then again later after the continuation of the first sequence.
Even though my first target was 52k price made a lower move into 49K! This is huge for the continuation back up higher into the 60K+ range, or even back lower into a deeper retrace. Whatever price decides to do I will remain patient and let the story unfold for me. We always REACT NOT PREDICT!!!
My style of trading uses Market Structure, Price Action, Fibonacci, Wave Sequences and Moving Averages . Most importantly the visual realization of emotions cycled in the chart.
As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below.
Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together, the more informative these ideas become for newer traders. STAY PATIENT & BE BLESSED!
~T$
Fibonacci
Simple But Effective Stochastic Trading StrategyUsing the False Breakout Stochastic indicator and the Fibonacci Retracement tool, I discuss a very simple trading strategy. Identifying trend direction, direction change, measured pullbacks, trading opportunities and when to get in and out of trades are all discussed din this quick video. Keep it simple and this will help you to start to understand the behaviour of any instrument
Using Fibonacci Speed/Resistance Fan to Manage Trending Trades Quick Video Tutorial teaching a very simple way to use the TradingView Fibonacci Speed Resistance Fan to manage trades that are trending..
When we run out of Linear Support & Resistance zones as an instrument is making new highs, we need to rely on "Non Linear" Support & Resistance to help us manage trades that just keep going.
And the Fibonacci Speed Resistance Fan is the perfect tool........
BTCUSD Buy (to 20k) and exaclty how we enter tradesThis tutorial explains how we take trade entries, its as simple as this!
We use a complete trading system that governs every aspect of our trading, from entry to exit. We put high emphasis on position sizing and we only use the Fibonacci retracement to enter trades
Using the Fibs as Overbought and OversoldI used the latest swing high and swing low. My bias was short so I looked for a premium price to sell from. From the 50% and above are premium prices, next I looked for the candle responsible for an impulsive move down. Marked that candle. Also on the M5 I noticed a clean high, and I used the entry method of A STOP RAID as an entry. And the M1 gave me a bearish divergence solidifying the sell. Aimed for old lows to take profit or used the levels on the Fibonacci to take profit.
Fibonacci lesson Explained September 2020Hello Dear Traders, here is the full Fibonacci Tool ( explained) Lesson
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Conditions -
1.Wait for confirmation Before Entry ( @ 61.8 or 38.2) ** Whichever is lined better with Structure**.
2.Use Market Environment + Market Structure for entry.
3. Trade always using correct risk management!
If your not sure?
comment below and ill be happy to help you all For FREE
Use a demo account to back-test This lesson!
A like and a comment will create more Free Analysis & Forex Education.
Your Support is Appreciated!
See You in the next Educational Video / Analysis
Global Fx Education
Methods 2: Retracement Levels 1This is the first installment in my second section on Methods I use for finding Support and Resistance. I use a live trade example on FOREXCOM:EURAUD to show how the simple 50% Fibonacci level was all that was needed to find where the price would inflect. While I am aware and have studied the Fibonacci levels I find that just drawing 50% levels is all I need to find good trade entries and targets. Hope all can learn from my small mistake and look forward to sharing more!
The script I wrote for to quickly identify these 50% levels are in the Link below.
Measuring that Pullback Against Main Trend during the DayQuick tutorial video explaining how I measure the pullbacks during the day to understand normal behaviour of a trend when daytrading. This example was NQ Nasdaq on the 3 minute timeframe
Using Stochastic and Fibonacci Retracement to understand these pullbacks.
The Support and Resistance zones I mention are drawn on the 60minute timeframe. You can learn how I produce these sticky zones by watching the recording of my recent livestreaming education event here on TradingView >>RIGHT HERE<<
Fibonacci lesson Updated 2020Hi Traders, here is the full Video Updated Fibonacci Tool Lesson
Please Press Like and follow!!
Conditions -
1.Wait for confirmation Before Entry ( @ 61.8 or 38.2 ) ** Whichever is lined better with Structure** .
2.Use Market Environment + Market Structure for entry.
3. Trade always using correct risk management!
If your not sure?
Use a demo account to back-test This lesson!
A like and a comment will create more Free Analysis & Forex Education.
Your Support is Appreciated!
See You in the next Educational Video / Analysis
Global Fx Education
Predicting, Planning Trading Fibonacci Confluence PatternsTraders, In this educational video, we see an example of predicting a Fibonacci confluence pattern (stepper M pattern ), planning our trades around it with entry and profit targets with high accuracy.
This is indicator free analysis and I have used only standard fibonacci tool and a trend-line. Hope you will enjoy this and find this useful. Hit the like button and subscribe if you found this useful.
Thanks
-Vik
How To Day Trade Consolidations Profitably With #FibonacciTraders, Several fellow day traders have been asking to show how they can day trade using fibonacci based analysis which I use for swing trading. The fibonacci based analysis is applicable to all chart time frames and on all instruments in all markets. It even works on tick charts. In this educational video I present how we could have made 130 pips easily with day trading GBPUSD using fibonacci based analysis. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge.
Have a great trading week!
Back-testing Fib strategyIn this video I am looking at past setups and where possible trade setups where spotted.
Half-way through the video you can see I am holding a trade past the regular time of 26 hours.. leading me to hold over the weekend into a new trend which goes from bearish to a bullish movement. Essentially breaking even on one position and closing one position at TP1.
As you can see I entered a trade the following week with a bullish trend setup where I attempted to short the market, always remember to trade with new opening week trend. Never rely on last weeks trend.
At the end of the video I do highlight all the possible setups where it would be perfect to enter a trend continuation trade. Notice how these highlighted areas are bearish or bullish momentum pushes with zero to minimal pullbacks.
The time back-tested is the week of January 13th 2020
Are Markets Really Crashing? (An S&P500 Study) #SnP500Traders, If you have been following the news items on mainstream media or social media, people all over the world seem to be discussing recent fall in indices indicating another market crash and a possible recession. In this study lets look at S&P500 index from almost purely technical point of view.
Hit the like button and subscribe if you enjoyed this study.
Comment below and let me know what you think of this analysis and what is your opinion in this matter? Are you trading S&P500?
Have a great trading week!
Simple 15m Fib strategy1: Find the Swing high resistance zone.
2: Identify zones where price consolidates a lot and makes small reverses.
3: Once you have a big bearish/bullish momentum, stretch out your zone where price makes a lot of consolidation before making a bearish/bullish push.
4: Price must close at one of 3 levels (38, 50, 61).
Your entry confirmation will always be an engulfing candle closing opposite of your previous candle momentum you used to draw your fib.
5: TP will always be 161 and 227 level.
6: SL will always be the Fib level above or below your entry.
#CADCHF Fibonacci Analysis Tutorial & OpportunityTraders, in this short analysis, I show how to draw Fibonacci ratios to predict market movements and plan trades. We also look at how we plan to execute these trades for best R:R.
Hit the like button if enjoyed this analysis and found it useful. Thanks!