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Inside Bar

SPX500 4HR 0.618 and demand zone combinationRecently the SPX500 is just a great trading vehicle by harmonic patterns, supply & demand, and inside bars. It started with a huge daily XYAB, bounced of 2 entries of it , forming tiny XYAB and 2618, and numerous inside bars trading opportunities.. Yesterday it dropped from the 2660 supply zone Here we got another chance to trade take the long with a 0.618 and demand zone combination, so I'll be waiting for proper reversal sign near 2615 to long! Let's see how it goes!
FX:SPX500Long
by Trader_Joe_Lee
BTCUSD: Continuation Pattern Forming. Is The Trigger Worth It?BTCUSD update: Price is poised to make a higher high and possibly break the 9225 old support/new resistance level which can lead price up to the 9861 reversal zone boundary. Along with this possibility, an aggressive swing trade setup is developing as I write this. Is the trigger worth entering? In recent reports, I have been writing about how not all signals are equal and how buying supports is more effective than buying highs in strong markets. There are exceptions, and usually they are based on how well defined the setup is, what kind of obstacles the trade is facing, and how clear the momentum is. In other words, context strongly defines whether or not it is worth taking the risk, in conjunction with how aggressive you choose to be. In this case, there is an inside bar that has appeared, supported by a previous higher low formation and clearly positive sloping trend line. Chances are a break out from this inside bar will lead price to the 9225 level which is a historical level that has affected price previously (see chart). Since buyers are in control, it is not unreasonable to expect an attempt toward the 9861 level which is the reversal zone boundary relative to the 9225 high. If the bullish trend line stays intact, and price breaks the 9048 trigger, you can risk about 300 points to potentially make 600 to 700 points based on a conservative target. The reward/risk is attractive and the current price structure (mini consolidation) is typically a trend continuation pattern. What makes this trade setup riskier is the fact that price has not retraced to a reasonable support (which doesn't always happen in strong markets). That is the aggressive trade idea while the more conservative idea is to wait for a retrace back to the 8108 level which is the .382 of the current bullish structure. The immediate trend line would be compromised, but as long as price maintains this level and establishes a reversal pattern off of it, often the next move is at least a retest of the previous high. It is more conservative because you are buying at a more attractive price along with a higher probability of retesting a predetermined level (previous peak). In summary. buying near resistance levels is often a bad idea but occasionally there are exceptions. Experience and understanding context along with your capacity to undertake the associated risk determine if this type of setup fits into your trading plan. A shallow retrace such as this are common in strong market environments and can offer a structured way to participate even at less attractive levels. Make sure to check out our regular updates on S.C. about this potential swing trade and how we decide to participate if it triggers a long. Questions and comments welcome.
BITFINEX:BTCUSD
by MarcPMarkets
13
ETHUSD: Looks Great, So Why Wait? Resistance Zone.ETHUSD update: These markets won't pull back, but do not get sucked in by the fear of missing out. Risk of a retrace is high within the current resistance zone even with the new long signal that has just appeared. As Andrew recently told some of his followers, "No trade is a trade". The 503 to 541 resistance zone (.618 of recent bearish structure) is a minor resistance that price is fluctuating within. The previous candle in this chart is an inside bar, and the current candle has broken the high of the inside bar. This is a buy trigger, but you must remember not all buy triggers are created equal when it comes to risk. Context is key in a situation like this. I am all for being long this market, but NOT on a buy signal in the middle of a resistance zone. All markets retrace, and this one will too. The fact that the major bearish trend line was taken out with conviction is a long term bullish sign. This means buying pullbacks is the better choice since momentum is now favoring the long side. The newly established bullish trend line is the defining factor for this move. Until it is compromised, this market should remain strong. So where is the best place to buy? In previous reports I was writing about the 432 and 451 resistance levels that required price to break above in order to confirm that the bulls are in control. These levels which were old resistance are now more likely to act as a new support and it just so happens to be in the vicinity of the bullish trend line. This is the first area I will be watching. If price never gets there, then I have no reason to buy. In summary, as amazing as this short squeeze has been, buying at the high of it is an ineffective behavior for any time frame of trader. All markets retrace, just not always to the levels that we would like. A trading plan begins with formulating a general perspective and then evaluating levels AHEAD of time. Price will either retrace to the predetermined level, or it will not. If it chooses not to, then you simply adjust and find the more relevant levels. Jumping into a market because it looks great is usually worst time because the risk is higher and potential lower even after a standard buying signal. There are plenty of support levels that offer more attractive reward/risk opportunities, it is just a matter of waiting it out. As soon as a quality signal appears, it will be sent out to our S.C. community. Questions and comments welcome.
BITFINEX:ETHUSD
by MarcPMarkets
32
BTCUSD Inside week, time to choose direction 2.0!! Last time in the late January, when BTCUSD finished weekly 21ema correction, which made the inside week so important. And now, the inside week here simply is the 0.618 retracement since bitcoin started trading. If it breaks to the upside, the 0.618 retracement support is strong, not a bad idea to take some long positions; if it breaks to the downside, the downtrend continues so more inclined to short! Let's see how it goes!
BITFINEX:BTCUSD
by Trader_Joe_Lee
BTCUSD: 6900 Trigger Near Upon Subtle Bullish Signs.BTCUSD update: The initial bearish trend line is clearly broken, and an inside bar has appeared (previous candle). All of this is happening around the 6805 reversal zone boundary. This market is still in the process of setting up for a broader move higher in my opinion. Here is the swing trade trigger to look for: Long 6900 Stop 6488 Target 7460. R:R Approx 1:1. These subtle changes should not be all that surprising. They are unfolding within the largest support zone relative to this market since the sub 200 lows. The 8171 to 4983 support zone (.618 area of entire bullish structure) has been in play since the 6K low in February. As I have written in previous reports, a broader bottom is a process. IF price breaks the 7492 minor resistance (.382 of recent bearish swing), that will provide confirmation that a broader bullish move is in progress. A broader move higher from current levels can lead this market back to the low 8Ks at minimum over the next couple of weeks. 6897 is the inside bar high and serves as a long trigger for a swing trade, while the 6650 and 6500 levels serve as stops. The reward risk is still very favorable to the bullish side because the minimum target is the 7492 level. So you are risking 300 to 400 points to potentially make around 600 at least. All this market needs is a catalyst or some typical tech drama to motivate a short squeeze. Price action is leaning toward the bullish side in a way that is not obvious to the crowd. This is what opportunities look like. As always, these signs can be negated by any bearish surprise, but I think the potential is very limited. This market can still retest the 6204 and even 6K, so it is important to always be prepared for those scenarios. Speculating is not about precision, it is about constantly adjusting. In summary, price action is coiling around a reversal zone boundary near a major low within a broader support zone. You can't ask for a more attractive situation that isn't obvious to the market crowd. The appearance of the inside bar provides technical structure for a long trigger with well defined risk. If this market starts breaking near by resistance levels, it will be confirming a broad double bottom which can eventually lead back to 10K, it is just a matter of time and catalyst. The price action story is saying that the shorts are vulnerable in an area that still looks bearish to the untrained eye. Learn to recognize the subtle signs, not the obvious ones and one way to accomplish that is to acknowledge what the market is NOT doing, rather than always focusing on what it is. Questions and comments welcome. (See trade signal updates on S.C.).
BITFINEX:BTCUSDLong
by MarcPMarkets
12
Spotify(SPOT) inside day after IPOSPOT and DBX are 2 IPOs that the market put the most focus on this year. DBX got an inside week to trade, and SPOT got this inside day. Momentum trade is one of the most effective way to trade IPO stocks, we often traded the 1st inside bar after the IPO (Usually first inside 5 /inside 15) If it's shortable, the first inside 15 on the IPO day was OUTSTANDING! So now there is the first inside day after IPO, and given that it's probably hard to borrow for most of traders, I only looking forward to trading the breakout! If it broke 144.5 before the inside day breakout out, this trade doesn't exist anymore!
NYSE:SPOTLong
by Trader_Joe_Lee
GBPUSD Inside day, is that a meaningful one?In a trading day like last Friday that most of market participants had a day off, it's just normal to form an inside day with limited volatility. A worth-trading inside bar usuallty comes from high level of uncertainty, bulls/bears fighting, and digesting important news....etc None of which is about lack of liquidity; as inside bar is a momentum trade, enough momentum is required for this kind of trade. While, in terms of chart itself, it's still a worth noted one with a small uptrend just finished 21 ema correction, and it's in daily demand zone. My strategy to this inside bar is not to trade it directly(although it's hard to find a 50 pips risk inside day in GBPUSD lol) wait for the breakout and find the corresponding confirmation entry intra-day. Let's see how it goes!
Long
by Trader_Joe_Lee
Dow Jones (US30) bullish gartley and inside 4hr combination"Systematic risk creates potential buy low opportunities" People with this thought may have participated the Brexit day and the Trump winning day's victories. Also,in terms of harmonic trading, the logic is not "It's nonsense to catch the falling knife" ; it's more like "We'll be waiting for the slump to get the long entry". Of course, there is no need to put a buy limit to create liquidity for the market, although we keep "buy low" in mind, it still needs time to let the selling momentum get released, and that's why we need reversal signs. Here we got a bullish gartley pattern and inside 4hr combination, I'll be willing to be more bullish intraday until the inside day low gets broken down. Let's see how it goes!
FX:US30Long
by Trader_Joe_Lee
1
SPX500 Inside day, 4 trading strategies out thereStock market has been consolidating for the whole day to form an inside day. As there are still plenty of room before the buy-low and sell-high spot, it's a worth trading inside day no matter which side it breaks. It made the 1 and 2 trades. For 3, it's a bearish bat pattern and supply zone combination; For 4, it's a bullish 2618 . With such analysis, we'll have trading plans on different kinds of scenarios, and that's the core concept of "Never predict"! Let's see how it goes!
FX:SPX500
by Trader_Joe_Lee
XAUUSD Cypher, inside 4hr, and hourly 2618 combination short"The more the combination, the more the confirmation" -- Trader_Joe_Lee The market finally had some solid moves after the Fed announcement, which gave enough momentum to the sell-high spot. To be fair, this cypher pattern is not a perfect one, that's why we need strong confirmation entry. The inside 4hr breakdown still got plenty of rooms to run 8EMA correction, and it also formed an hourly double top. With such combination, it's kind of a worth-taking counter-trend trade for me. The way of executing risk management on counter-trend trade is that, I'll risk less than what I usually do and I won't take second counter-trend trade before I got my 1st kick. Let's see how it goes!
FX_IDC:XAUUSDShort
by Trader_Joe_Lee
2
Long opportunity for GbpUsd???The GbpUsd is in an uptrend. The Pound surged higher against the Dollar and broke the counter-trend line two days ago, followed by a pull-back bar to retest the trend line which has now become the support. Will the Pound continue to move higher after breaking the Doji's high that formed yesterday? My position : Buy Stop Order : 1.3998 SL : 1.3908 TP : 1.4133 *** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. *** *** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
Long
by M-royce
BTCUSD 4hr XYAB Pattern long opportunityBTCUSD had a nice bounce off the bullish bat pattern with an almost 100% rally, which was able to break some important pivots of the previous downtrend. Accordingly, there would be a potential bullish XYAB pattern long opportunity. Though there are still lots of rooms, it's worth noticing since it may play as a reminder that if we would like to buy the dip on BTCUSD, it might be the best possible trade! Of course, this trade doesn't imply that it may go all the way to 7000 again, and if it's able to break 12000 nicely, I would also like to long in other techniques like inside bar trades. Let's see how it goes!
BITFINEX:BTCUSDLong
by Trader_Joe_Lee
USDJPY: False break of inside barToday we have seen a break of the inside bar setup that formed yesterday. This will give us a possible better entry short below today's candle with a stop above that candle. We will still want to take profit just before the support level, which could give us a 3R return. Once we break below the mother candle I will consider moving my stop to break even. I will leave the current limit short order below the mother candle adding on to the trade as it moves into my favor.
Short
by dave25981155