The Bitcoin trade that I wrote up last week is ever so slightly in Profit and with the Inverted Head and shoulders now in it's maturity it won't be long before the conclusion of the opportunity starts to play out. Now I'd like to shift focus to Ripple (XRP) I have been long extolled the virtues of XRP by my Brother who has been hammering home the benefits of it...
BUY LIMITS WERE SET AT THE 50% FIB LEVEL THE TRADE IS ACTIVE. You can still jump on now or on that break of that mini falling wedge which serves as a corrective structure of the previous impulse.
For the next three weeks, I will be on vacation but before, my analysis on EUR-USD and a little lesson about opening the correct POSITION SIZING in a trade. If EUR-USD closes above the blue trendline, there will be a bullish signal with the target area at 1.1883/1.1892 and the stop loss at 1.1560/1.1565. Before click on "BUY" or "SELL" you have to decide not...
Two harmonic patterns with their complementary pitchforks :)
Two Pitchforks, one bearish one from the former harmonic pattern and the bullish one from the new harmonic pattern. Point D of the new harmonic pattern turned exactly on the median of the orange pitchfork to the pip. the last red circle is another to the pip touch at an energy point of the lower parallel and Camarilla lines, very powerful, got an 80% chance to go...
buy IGNIS at price 0.00001000 - 0.00001100 sell zone 0.00001360 - 0.00001440 stoploss 0.00000900 3weeks holding
We like FAANG Facebook , Amazon , Apple , Netflix, and Alphabet Then we play long with them Major resistance : All time high , 1200 Major support : 1000 Major trend : Uptrend Status : ranges in 1000-1200 (It could be triangle form - waiting market to pick direction) Chance to buy (buy on dips) in area 1000-below with SL below area 900 TP All time high /...
From bigpicture, Longterm investment We choose buy side as our main strategy in Zone C, TP in Zone D, E or All time high Major resistance 0.8 Major support 0.7 When to buy, Price action - pullback signal (H4/D1) in buy zone Buy zone : 0.76 or lower Short term - long term trading : TP, next resistance 0.8, 0.9 Stop loss (Short term) 0.68 or lower Stop loss...
Big picture for investor whom believe in AUD > CHF and want to long AUDCHF ZONE A : Buy zone - advantage, Target zone B Action plan - Position : at 0.755, Try to move average cost down below this point - Cashflow from Grid in zone A1 0.755 - 0.715 and A2 0.715- 0.68 Money management with 2% rule Assume you have 10000 usd investment portfolio , 2% = 200...
Major resistance 90 Major support 50 Retracement from Major resistance 90 after recover from downtrend at Major support line 50 Chance to invest : Below 70 to 50 when Price action (H4-D1) show recover signal Buy with 2% of overall margin, SL=0
Major Resistance 1800 Major Support 600 Retracement from 1800 after recover from downtrend at support line 600 Chance to invest : Below 1200 to 600 when Price action (H4-D1) show recover signal Buy with 2% of overall margin, SL=0 TIPS for FOMO We could seperate 1 position to x position and grid it for make average cost still around 1200 lower Ex. instead buy...
Major resistance 10000, 11000 Major support 7000 Chance for invest - Buy zone 9000-7000 Wait for price action H4-D1 as recover signal Example Risk management Buy with low leverage, SL=0 Margin 2% of portfolio
Major resistance 25 Major support 13 Chance to buy : Below 17, waiting for pullback / recover price action in H4-D1 Risk management : Use low leverage, SL=0 , Margin 2% of overall
Major resistance 1.0 Major support 0.5 Buy low , start collect position below 0.7 with low leverage, SL= 0 and Money management2% rule (All of positions margin less than 2% of your overall portfoilio) Entry, When pullback signal / Price action in H4 - D1 time frame
Major resistance 0.4 Major support 0.2 (H4-D1) Waiting reverse signal - price action to buy in This area Money management : 2% rule Use low leverage - SL=0 and All positions margin = 2% of overall portfolio
With the market taking a downturn as a whole, it creates some buying opportunities for some very profitable companies like Facebook. Strategy: Take whatever amount you want to invest in FB and divide it into 4 equal parts. 1. Buy at each level I've indicated. 2. Sell at target price I've indicated. I believe FB will go down in the short term and then...
Bitcoin has always been a bull trap, investors got In early before praying on a rebellious section of the population to propose itself as the death of banks the end of inflation. little did these dumb money investors know they were in the deep end with sharks everywhere they are still dying praying for recovery which is entirely possible, but trading is dependent...
Practical Exercise Select any currency pair, go back to a point on your chart where you can clearly identify a lowest or highest point. Based on this backtesting scenario, start to identify and practice the guidelines of gearing and scaling. How much would you have gained from this move? Compare it to the scenario where you only took one single trade and ride...