In the past I've often left trades and forgotten I had them open.
It's ALWAYS ALWAYS ALWAYS IMPORTANT to place a Stop Loss and Take profit, for every trade you place, especially if you Day/intraday/Swing & Position trade. I don't often scalp and if I do I'm usually in and out very quickly in around 10-15 minutes.
Now lets say you place a trade, entry after...
The modified Shiff-Fork describes price very nice. We see how price find's it's way back to balance, below from the L-MLH.
From the balance, the Centerline, price got rejected declined in a natural fashion into the prior Buy-Zone again, where we see confluence with the L-MLH, the lower extreme.
The last Mile looks like price got pressured down. And as the...
I have been watching ICN/BTC rally over the last couple of days but haven't been able to find a way into the party. We are now getting a pullback and have a quality support area in focus.
Iconomi has been on a bit of a tear for the last few days, and is currently giving us out first pullback and potentially opportunity to join the party. We are...
Many are falling by the LTC sell off, I am not nor should you, if we have a look at the chart, we have hit the bottom of the range.
Its a great place to look for a bounce. LTCBTC is in an extended range, with the top at 0.0238 and the base a tight area between 0.0186 and 0.188. This level is also the 50% Fib Retracement of the last move up. Price...
BTCUSD D BITFINEX
Wow, could this look any better for the BULLS???
What a text book couple of days for BTC on the daily chart. I will mainly talk about my Trendline (Black line) , but have left the other on the chart (Pink line) as its clearly in play to some degree as well.
So yesterday was a pullback day, How is that good for the bulls you may ask? Well for...
Forget the followers, we got on Nano First, and will get it right again NOW
Follow us to be first on these moves.
I will post chart and entry now with some analysis to follow, Don't want to wait and miss the move.
There is a fresh Entry setting up on Nano as it bounces off Support at 0.00140 and the 50 ema (THe Red Lines). WE have a buying candle setting up and...
ETHUSD H COINBASE
Welcome followers. Can your resident ETHUSD experts pick yet another winner. We certainly have another hot looking entry setting up for you. We will be focusing on the H chart but will also post the H and daily as part of this set up.
MY entry is above the previous bar at 875.
Stop loss is below previous lows at 855
Targets are just before the...
BTCUSD D Analysis
Lets take a couple of minutes and have a look at the king of them all the BTC, and see where it stands on a Daily Chart, and what the potential moves are coming up. I hope you enjoy the analysis i hope to update it daily as a road map for BTC trading.
You can see clearly on our Daily BTC chart that we have once again closed...
Hey my beloved followers,
Here is the latest coin to get on the move as a reward for your patience.
Dollars and Senses has been stuck on a plane and not posting for a few hours. Here is a good one to ease us back into the groove.
Also thanks to those of you in our chat group for bringing the focus to the fast movers in real time… a few hundred eyes is better...
ZCLBTC H on BIttrex
OLD TRAP FOR YOUNG Traders
When you see a chart like the 4H chart on ZCL, we all want to do the same thing, we want to buy. But the pros know that the charts show us what has happened and we know what is likely next, Price is extended and likely to pull back. Those who rush in tend to donate their money to the few that understand the market...
BTCUSD BITFINEX 4H
Hey followers and welcome to a new Chart, post and bias on BTC after our last marathon.
Since price came back to the key $9,750 level, not much has happened in terms of price movements, but what has happened is crucial to our Analysis, and Bias and dictates our next entry. We have sat in a small range but we have a 4H close below the level....
Hi Fellow Supporters,
As you've seen on past few trades we have been winning lets make this another one.
NBTBTC BIttrex Analysis
Dollars and Senses always starts his Analysis on the daily Chart. You can see on NBTBTC that price has given us a classic ABC off the 50 EMA (The Red Line). It has Advances through the line, pulled Back to the line and Advanced to...
ETHUSD H Coinbase
ETHUSD brings clarity and a Trade
ETHUSD has channelled down and has finally put in a double bottom. Its then put in a Higher high and pulled back to support at 827.18 (The Orange line) and then bounced up. This is a classic ABC pattern, we have Advanced through the level, Pulled Back to the level, and advanced up again.
For the entry we need...
How do we deal with conflicting stories?
Dollars and Senses likes to start his analysis on a Daily chart, what do we do when we have a conflicting picture.
On the one hand we are just testing the 827 (Orange Line) support level, and 38.2 fib retracement iof the last move. We could buy this now or wait for the bullish candle and buy.
On the other hand we...
LTCUSD looks bullish across the Timeframes and could provide good trading opportunities soon.
Dollars and Senses always starts his analysis on the Daily chart and on that chart you can see that LTC USD put in a solid looking base as it pulled back to the 200EMA (GREEN Line) twice, and put in a double bottom (Underlined) and tested the 78.6% Fib retracement of...