Get started

In

Weekly Trade Recaps: CADJPY, AUDNZD, LTCUSD December 27 2020 Hello everyone: Merry Christmas and Happy New Year. Last week was somewhat quiet as we had Christmas holiday going into the weekend. Quick going over my current positions from last week, did enter a scale in position, and that was it. There was 1 miss trade that I did not take. CADJPY - First trade running about 2%. SL at 1:1 RR. Second trade scaled in. AUDNZD - Running about 4% in profit. Set my SL at 3:1 RR. Happy to see the trade goes either way, either hit my SL or continue higher and break previous highs. Then I would look for continuation correction to scale in. LTCUSD - Missed trade. Did like the overall price action, but did not have the chance to enter. Any questions, comments or feedback please let me know. Thank you Jojo
by jojofang0901
11
|wave5 of 3rd of a Third of a 3rd|elliotwave|WAVE3*UPDATED*LONG|As the title suggests, here is the updated chart of my third of a third of a third elliot wave hypothesis. Expect a near vertical rally from todays low, as we are within a sub-wave3 of the first wave 5 having completed the larger degree wave 4 of the even larger wave 3. Next will be consecutive wave 4 wave 5 wave 4 wave 5 of higher degrees to complete the entire pattern sometime this Spring. Feel free to ask any questions.
CME_MINI:ES1!Long
by thatsblatzphemy
Long ETHUSDT for +4% scalp A nice little correction to supportive area and some buying interest on 2 hourlies; with scope to scale in lower. My basic strategy with ALTS is to look for buying opportunities, and then NOT HODL, but take 4-7% scalps. Due to the general volatility this is a greater than 50% chance of occurring providing take the profit and not be concerned with missed profits. In this case; * largest recent correction was -20 % on dailies * It has just corrected -9.5% so entry here for +4% or around 241, with 33% buying power account size * I will add 33% every -4% drop ( -9.0) and then calculate new average price. * Take profit from new average price at +4% NO MATTER WHAT.....
Long
by Aussie-scalper
Sand Path to Ultimate ATH 4K: Road Map for 2020 and BeyondPure WAG and sheer speculation. Absolutely NOT investing advice! This post is strictly for your amusement only; intended purely to entertain, so enjoy! NB: Near-term some sort of correction is due, index trading >2SD above 50DMA, RSI overbought near 80; absent a Fed Hike on 28/29 Jan, expect a modest pullback. The monster break of Feb 2018 is unlikely to repeat now without adverse Fed rate action, but ofc anything is possible in this nutty market- not for faint of heart! In 2019 every correction started on the day of the Fed meetings, in May, July and September... IMO history likes to repeat, seems like a good bet. Could start now, from Friday's close at 3330! The down move could be a 6-10% correction, deeper is doubtful, but possible; it's a 4th wave and these tend to be tricky trading. Expect wild choppy swings like we saw in August- whipsawing, don't get your hands cut off! Save ur cash for Wave 5, it will be a terrific long play! After this move completes, what comes after is anybody's guess, but this market has shown a proclivity for double tops, IMO is likely to do so again; pre-election jitters likely may start a deeper correction in Sep/Oct. We had a Bullish October in 2019; a Bearish one in 2020 is a likely consequence IMO. Beyond the election: entirely depends on the Donald pulling off re-election; as an incumbent with enormous cash to burn, his chances are better than 50-50 IMO; I expect him to win it, when he does, markets will rocket to the Moon- the 2.618 Fibo extension is certainly within grasp up around 4128! Again, this post is pure Wild-Assed-Guessing, the tail WAGs the dog, GLTA! Be careful, be cautious, be prudent at this juncture! -DS
TVC:SPXLong
by DaddySawbucks
52
The Complete Battleplan. FRONT NEWS!Finally the rally price action proved previous forecasts to be true(ish). The question everyone is asking - when does the rally end? I've carefully mapped out all four basic bullish scenarios I can see in this market. We're about to see at least one deep correction model that will retrace 15-40% of the typical 12345 impulse, if it is finished(if so, then bulls will rest for a day or two,' observe the battlefield, confirm the price stability). I suggest 4 basic scenarios, all bullish. So DON'T panic, one deep correction may easily form allowing the bulls to quickly replenish lost soldiers and bring even more fresh whale buy-ins to our party! I've tried to consider all major res/supp levels and the common time lengths that suggested correction models commonly feature for BTCUSD(to the best of my analogish brain judgement). Chart tells you everything you need to know: two most probable scenarios are all mapped-out with the consideration of known levels. I also suspect that the FOMO is great right now and the current impulse has a lot of driving force left to continue surging up to 8.8k+ without and deep retraces. I vote for THE MOST PROBABLE SCENARIO I. (subgroup II. is as probable as I.) Do you? The bigger picture can be observed in the related ideas... below... They are all parts of the same market analysis.
COINBASE:BTCUSDLong
by orbborisson
3
BTC still in downtrendI believe that, while much has changed since the last big bull run and subsequent bearish period, BTC is still in a downtrend and I would not recommend going all in for a long ride up until the price reaches 2250 - with this in mind I am setting my take profits lower on long positions and only trading with margin in short positions - I am predicting that BTC will fall down to the 6500 level, consolidate, break down to the 4000 level, consolidate, and break down to the 2250 level (others have predicted a fall down to the 1000-level), consolidate, and then uptrend - I have been trading for many years but am still learning technical analysis (I know, it has taken me way too long :/) so I do apologize that my chart is not very complex; however, I wanted to warn new traders not to hope for a upwards breakout that will result in a trend-change on the 4-hour and daily charts - currently, BTC looks like a buy when looking at the shorter-time-frame charts such as the hourly, 30 minute, and 15 minute, and in fact, it very well may be a buy for a shorter-term long position; however, traders should be weary of a potential decline in BTC - additionally, BTC is traded globally and different regions have different news outlets and different regions act on news differently, I have found that, during the U.S. trading session, BTC is often pumped, while during the normal trading hours of other sessions around the globe, bears retake control - I hope someone benefits from this post, it is my first post - feel free to give me feedback
Short
by grahamtownson1