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SHORT AUDCAD: Analysis and Plan for the week ahead (26JUNE2019)I am still new to this but I am still learning. I am just sharing of what I feel through the analysis that I did while the market was closed on the weekends. We are looking at the AUDCAD pair. Currently this pair is in down ward trend. The price is currently hitting the monthly high key level. I have plotted the trend line accordingly from Lower Highs to Lower Lows. From what it looks like it will be going upwards for a bit to hit the weekly high key line and then chances that it will continue to go downwards. Next Move: Wait for the price to hit the weekly high and bounce down wards. Once you see the price action going down wards, confirm and then take a SELL. From experience, it might go down to the weekly low and create a double bottom.
Short
by FUADALHAKIM
Day Trading Trend or Trading Range? Can be applied to investingIn the previous article we discussed only trading on strong trend days or strong markets. We also identified what increases the likelihood of a day (or market) becoming a strong trend. As said before, there are only a handful of strong days a month (or only a few strong markets at any given time). Because of this, it is just as important to identify and understand when a market is likely not a trend and more likely a trading range. Within the first hour or two of the open (when day trading), it is often obvious if the day will likely become a trend day or a trading range. Once the market has been identified as likely a trading range, it is unlikely to become a trend day as the market tends to continue what it has been doing. In this case it is more likely to continue to have heavy two sided trading and less likely to convert into a strong and healthy trend. But wait - most channels are some form of trading range right? Yes. This is a form of slanted trading range, or a trending trading range. This is where the market is technically in a trend but it is very weak and likely to reverse at any time. In fact, by the close it will likely reverse and the trend is unlikely to remain intact. Characteristics of a Trading Range Day "............" So if most days are not trend days and are instead some sort of trading range, cant a day trader use this information to his advantage? Of course, if it aligns with your trading style or method. But you must understand that you are not likely to win on many trades, or win a large reward. Instead most trades even strong ones, only go for 1X the risk. On top of that there are many trades to take, most of which fail. This makes it difficult to remain focused and continue trading without emotions and without missing the trades you need to win to recover losses. What about only taking strong trades ".......?" That is a reasonable thing to do, but the probability is still often lower and the reward is as well. And on these days most stop order entries fail, resulting in repeated failures. This is a "............." If not, you will likely get stopped out just before prices go your direction! Or the market will only go in your favor temporarily before stopping you out. This makes trading difficult for beginners and even for those with experience. However most do not realize they should simply remove themselves from the market during these times. Instead they continue to trade as they think they should, and continue to grow losses, making it harder to recover even on a good trading day. "I do not like to trade when the market is likely to reverse at any time. I only like to trade when the market is not likely to reverse at all." - Josh Ridenour **These ideas and strategies can also be applied to higher time frames and even long term investing. "..." = withheld material from original post (members only material). If you found this helpful please like! Feel free to comment or ask questions
Education
by tradersmentality
GOLD Video - Pure PRICE ACTION Top Down AnalysisOANDA:XAUUSD - Weekly (Bearish) : Doji at a weekly level indicating indecision and momentum loss with a wide swing divergence - Daily (Bearish) : Pinbar rejection with divergence - 4hr (Entry) : Double top with a trendline break EP: 1336.25 SL: 1360.36 TP1: 1311.47 TP2: 1290 www.pipkingsfx.com Like the content? Support it by.... SMASHING that LIKE button & following my profile :] ... Leave a comment with your questions & ideas! Thanks !
FX_IDC:XAUUSDShort
by UnknownUnicorn1591582
3
EURCHF Video - Bullish PRICE ACTION on MULTI TIME FRAMESFX:EURCHF - Weekly (Bearish) : Long wick candle off the zone forming a pinbar - Daily (Bearish) : Inside bar with a bunch of indecision candles on the zone - 4hr (Entry) : Trendline & Wedge Breakout EP: 1.12400 SL: 1.11686 TP1: 1.13113 TP2: 1.13406 TP3: 1.14255 www.pipkingsfx.com Like the content? Support it by.... SMASHING that LIKE button & following my profile :] ... Leave a comment with your questions & ideas! Thanks !
Long
by UnknownUnicorn1591582
What is Price Action? All Indicators are a Derivative of PriceThere is no one clear definition of price action. It can be as simple as "Every tick on any given chart, of any given market." However this definition is too broad and does not adequately describe the term. A better definition is "The collective result of buyers and sellers entering the market for any logical reason, which together create reoccurring patterns that can be analyzed and capitalized." Price action is based on humans behaving rationally, logically, and similarly in similar situations over time, and is the cumulative effect of institutional trading. It has been, and always will remain fundamentally unchanged. If you compare a chart from 100 years ago (such as the crash of 1929) with one of today with the time scales removed, you will not be able to tell the difference between the two. It does not matter if you compare a yearly, monthly, daily, or even 1 minute chart with any other chart of a different time frame. Price action appears the same and works the same in every market, and on every time frame. The institutions cannot hide what they are doing; price action is their foot print. Price action can be used to invest long term, or day trade any market. It allows a trader or investor to identify opportunities without the use of any indicators. In fact, all indicators are a derivative of price action in one form or another. Interestingly, the patterns which repeat as well as trend tendencies can be observed on different charts, even outside of markets. Can you tell a difference between these two charts? The first is a daily chart of CSX. The second is a 5 minute chart of the MES (micro s&p). All markets and charts look the same, and behave similarly. Once you understand the information within, you can understand what the institutions are doing at any given time.
COINBASE:BTCUSD
by tradersmentality
1
GBP/AUD - Fibonacci Retracement - 1HRGBP/AUD on the 1 hour time frame. Lot of buys happened recently on this pair and the Fibonacci Retracement tool is a go to right now. If you don't know how to use it I would time some time to practice. Currently this pair would be a good pair to practice on. Sentiment is overall a strong bullish. Fibonacci buy order at the 38.20% level. If price doesn't hit it than it doesn't. If price does I will be in the trade. I am expecting price to consolidate at this level and then make a move to the upside. The probability of price moving past 50.00% is slim but still possible. Stop loss is set past it and my risk is on the safe side. The decision to set a stop loss is determined by ones risk/reward profile. There are multiple confluences currently present in the market and it seems as if it is an opportunistic trade. Profit: 51.1 Pips Stop: 17.0 Pips Risk/Reward Ratio: 3.01
Long
by austinlmkc
GBP/AUD - Overall Bullish SentimentThe trend lines depict the overall trading zone. I think GBP/AUD is in the perfect Buy position and that is just my opinion. As traders I also think it's important to build a community of like minded traders. Let's help each other out to success. I think the journey will be much more valuable . Good luck traders and let me know if you think I could do anything better. All is appreciated. Note: Keep the analysis simple. It'll save you some time and energy . Just starting to realize that. If it doesn't make sense and you are spending too much time and you just feel it then check another pair out until you find something that makes sense. Other than that... Good luck. Have fun. Take care of your Risk . Reap your Rewards . Happy Trading Everyone.
Long
by austinlmkc
2
EUR/GBP - Daily Consolidation and Possible PlaysIf price action depicts a loss of momentum at the level of major resistance I could be looking for my first possible sell opportunity. Price could break past it and consolidate once more before heading to the downside in what I think will happen. Two sell opportunities could possible happen. The observation to be aware of is some kind of formation at the major resistance level to determine the next move. If price action signals a downside move I.E. bearish engulfing, variation, etc. then it seems reasonable to take a sell position. If price does break below consolidation sell opportunity #2 could play out as well if price retraces back up to monthly key level. Overall this forecast is an ideal vision of possible trade set ups. I would set an alert at these levels to speculate a possible move. Good luck traders! Trading Journal #13 - Austin S.
Short
by austinlmkc
CAD/CHF - Steady Uptrend Monthly - Short on 4HRI like the range of price that I see on the Monthly time chart. From what I observe the pair is in an overall uptrend. Price broke a major support level and is now retracing back up for what I think could be a re-test. Fibonacci Retracement level 0.5 is in sync with the same broken major support level so I would keep an eye out. According to price action on the 4 HR there is indecision at Fibonacci Retracement level 0.382 followed by a bearish engulfing. As to what it seems price might even head to the downside sooner than expected. My move would be to wait till price moves up to Fibonacci Level 0.5 or Down to Fibonacci Level 0.236 for an opportunity to sell. Anything else, well then this wouldn't be a trade for me and I would probably check out another pair. All in all, keep an eye out folks I think this one could be a goodie. Side note I mentioned in the title that it is a steady monthly uptrend. I would consider this trade a short term opportunity as I for I have learned to not trade against the trend. Well this trend on the 4HR seems to be going down so this is more of a test to see how price reacts. Trading Journal #11 - Austin S.
Short
by austinlmkc
USDCHF: Analysis and Plan for the week ahead (2JUNE2019)We are currently looking at USDCHF. At the moment as you can see the trend is going down wards. With the pairs making its Lower Highs (LH) and Lower Lows (LL), this shows the movement of the market downtrend. Meanwhile as we can see that the price is currently at the WEEKLY LOW point. What could happen is that it will bounce up from the WEEKLY LOW for a bit before continue going down wards like most of the times whenever something similar like this happens. Next Move: Will wait and observe for the next candle stick to appear and see what is the outcome before taking action. Will not stay at BUY for long as market looks like it is going down trend. Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
Long
by FUADALHAKIM
EURUSD: Analysis and Plan for the week ahead (2JUNE2019)What we are looking right now below is the 4H chart. Reason for me to show this is because I feel that the pair is currently respecting the trend line. If the pair continues to respect the trend line, the pair will not go above the trend line (diagonal red line). Next Move: Will be observing for the next candle stick. If the next candle stick goes bearish, I will take a SELL on this. My plan for this pair is to go for SELL. Otherwise, I will not take any actions yet until it is much clearer. (If the candlestick goes to touch the trend line. Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
by FUADALHAKIM
USDJPY setting up for a possible shortPrice is currently trading within an ascending triangle pattern when viewing on the weekly time frame, refer to the attached link for the chart view (). If price reaches the supportive trend line, price action can be applied to look for a buy signal unless the trend line is broken to the down side... For now my focus is on the D1 time frame where I have spotted a potential sell setup emerging that can be traded to the support trend line before looking to buy, based on the ascending triangle pattern mentioned above. # 110.758 is a level that holds significance based on my analysis on a provisional short term view, this is where I will look for a signal from the market # Factors of confluence will be considered before opening a short # Targeting +/- 109.000 where the previous swing low is located would be an ideal first target See live examples by following me in Forex Bootcamp using the telegram link below. You can join my mailing list at zc.vg to receive trade ideas, strategies and training from time to time. There is no fee so please feel free to take advantage. I have a custom indicator, a trading robot and a premium investment research option that you can enjoy - please email me to request more information.
by Cmasterza
EUR/USD - SellI've done some analysis on EUR/USD any advice is welcome via the comments or via the chat, I think that this is going to be a sell trade but with the view to catching a few pips as a buy as well. To start this one off the price action is currently at 1.11581, as it is the weekend and trading will commence again on Sunday at 10pm I think that the Price action will head down towards the support zone and against test its a large zone on this one and I will be keeping an eye on it to see where the best entry point is for me I think that it will retest the support zone and then head back towards the trendline at this point I will look and a buying opportunity to get a few pips off the market but with the view to closer and finally entering a long term sell trade which once it has hit the trendline and started its descent I will place my TP where the support zone is and my SL at 1.13030.
Short
by IJMInvesting
US30 BUYlooking at price heading towards 26500 level. lower prices have been rejected on the 4 hour time frame, the big bearish candle is engulfing the green candle so i will be looking to see if the price breaks the previous red candle before looking at a clear buy. as you can see i have a trend line going across as well as going diagonally up. you will notice that price always respects a trend line which is why i keep my strategy very clean and simple when trading Indices. Lets secure the bag together and have a money day! Follow me on social media : Instagram - Vellly Instagram - Learnitempire Youtube Channel - Learn interact trade
OANDA:US30USDLong
by LitCap-Vell